Texas’s energy regulator is taking an uncharacteristically critical approach toward burning off excess natural gas, a sign that growing pressure from environmentalists and investors to curb the controversial practice is paying off. SourceContinue Reading

Gasoline Demand Faces Weakness Despite Vaccine Rollout | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Feb 10, 2021, 11:00 AM CST In the latest sign yet that the global vaccination effort was...Continue Reading

Energy Committee Chief Asks Biden To Reconsider Ban On Keystone XL | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 10, 2021, 10:30 AM CST The new Chair of the Senate Energy Committee, Sen. Joe Manchin, has asked President Biden to reconsider revoking the license...Continue Reading

Major Crude Draw Sends Oil Prices Higher | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Feb 10, 2021, 9:38 AM CST Crude oil prices rose today after the Energy Information Administration reported...Continue Reading

Equinor Exits The Bakken Shale As It Books Record Loss | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 10, 2021, 9:30 AM CST Equinor is selling all its assets...Continue Reading

Oil Prices Post Longest Winning Streak In Two Years | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Feb 10, 2021, 9:00 AM CST After falling in early Asia trade, oil...Continue Reading

Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD $900 million. SourceContinue Reading

Cosmo will invest as much as $145 million in the exploration phase at Offshore Block 4, government-owned ADNOC said Wednesday in a statement. Abu Dhabi holds most of the oil in the United Arab Emirates, the third-largest producer in OPEC. SourceContinue Reading

The agreement provides LLOG access to Eni and Marubeni Oil and Gas’ existing subsea infrastructure connected to the Williams-owned Devils Tower Spar in Mississippi Canyon 773 to optimize its development of the Taggart discovery. SourceContinue Reading

While prices continue to surge, some of the biggest moves in the past day have come at the front of the futures curve. Brent’s nearest timespread has surged — a key sign of market tightness — while key swaps tied to the physical North Sea market have also increased amid frenzied trading of derivatives late...Continue Reading