The decision by a state judge means that the Railroad Commission of Texas will not be able to enforce a series of emergency rule-waivers announced in May. District Court Judge Jan Soifer faulted the agency for failing to give the public adequate forewarning. SourceContinue Reading
Prices erased earlier gains on Friday as the dollar climbed and equities fell. Brent crude had topped $50 on Thursday, though it settled technically overbought, suggesting a pullback may be on the horizon. SourceContinue Reading
In a new series of clean power agreements, BP has agreed to more than triple the renewable power that it will supply Amazon in Europe, while Amazon Web Services will enable the acceleration of BP’s program to digitize its infrastructure and operations. SourceContinue Reading
White’s professional career spans the geophysical industry with experience in executive management, business development, strategic planning, risk analysis, program management, and financial strategies. SourceContinue Reading
The Sixth Carbon Budget published by the Committee on Climate Change makes the case for meeting as much as possible of the UK’s ongoing domestic needs from domestic production, warning of the risk that lower production costs internationally could favor imports. SourceContinue Reading
The proposal under development is set to outline potential sales of long-plumbed territory in the Gulf of Mexico, as well as waters around Alaska and near Southern California, where exploratory oil drilling was last conducted decades ago. Atlantic waters near the coasts of Maryland and Delaware are also included in the proposed sale program. SourceContinue Reading
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil production is expected to drop by 10% year-on-year (YOY) in 2021, says GlobalData, a leading data and analytics company. SourceContinue Reading
In a new series of clean power agreements, BP has agreed to more than triple the renewable power that it will supply Amazon in Europe, while Amazon Web Services will enable the acceleration of BP’s program to digitize its infrastructure and operations. SourceContinue Reading
The 250MW corporate power purchase agreement, the largest ever for offshore wind in Europe, will help Amazon achieve their commitment to be net zero carbon by 2040 as set out in their Climate Pledge. SourceContinue Reading
Egypt, which started a sweeping economic reform program about four years ago, has been reworking to revamp and re-energize state-owned companies and attract foreign investors who have so far largely been attracted to the North African nation’s debt market and energy industry. SourceContinue Reading
