The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. SourceContinue Reading
Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co. and plans to push for changes at the oil and gas companies to improve their performance and governance. SourceContinue Reading
Partnerships with indigenous communities, which often spearhead opposition to oil pipelines, is one of several strategies that TC Energy hopes will make the project more palatable to the incoming administration in the U.S., said Bevin Wirzba, TC’s president of liquids pipelines. SourceContinue Reading
Chevron has long argued the U.S. benefits from having a producer on the ground in a country that holds the world’s largest crude reserves. But Trump’s sanctions against Maduro’s regime have won bipartisan support, making it difficult for Biden to change tack. SourceContinue Reading
“If Joe Biden continues making corporate-friendly appointments to his White House, he will risk quickly fracturing the hard-earned goodwill his team built with progressives to defeat Donald Trump,” Justice Democrats executive director Alexandra Rojas said in a statement. SourceContinue Reading
The U.S. Energy Information Administration expects annual global petroleum demand will not recover to pre-pandemic levels (101.5 MMbpd in 2019) through at least 2021. EIA forecasts that global consumption of petroleum will average 92.9 MMbpd in 2020 and 98.8 MMbpd in 2021. SourceContinue Reading
Saudi Energy Minister Prince Abdulaziz bin Salman said he could see a light at the end of the tunnel thanks to the development of Covid-19 vaccines, but the market had some way to go before getting there. SourceContinue Reading
PTTEP expects the resulting high-quality images will improve the definition of producing reservoirs, enable enhanced planning and drilling of future wells, and open up new plays for near-field exploration at deeper intervals. SourceContinue Reading
The Anglo-French oil company is seeking to buy a controlling stake in block CI-11, currently operated by a consortium that includes the state-run company Petroci, which has a 68% stake. SourceContinue Reading
OTC organizers said that new in-person and virtual activities will be planned to “ensure the conference continues to provide a platform for energy professionals to meet and exchange ideas.” SourceContinue Reading
