Tuesday, September 22, 2020

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Trump revamps key environmental law in bid to fast track pipelines, roads

President Donald Trump on Wednesday announced final plans to expedite permitting for infrastructure like oil pipelines and road expansions, a move that critics say will...

Native American tribes to oppose temporary Dakota Access oil line stay order

Native American tribes will file a response by next week opposing a U.S. court's order that allows the Dakota Access oil pipeline to keep flowing,...

Oil climbs on U.S. stock draw but gains capped as OPEC+ set to ease cuts

Oil prices rose 1% on Wednesday, supported by a sharp drop in U.S. crude inventories, but further gains were limited as OPEC and its...

Dakota Access pipeline can keep running amid legal fight

The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday, setting aside for...

Total seeks buyers for stake in North Sea gas pipeline

French energy company Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British...

U.S. Army Corps of Engineers to appeal Dakota Access shutdown

The U.S. Army Corps of Engineers said on Monday it would appeal a federal judge's decision to shut down the Dakota Access oil pipeline, bringing...

OPEC sees oil demand soaring in 2021 but still below 2019

Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus crisis...

Canada’s Calfrac rejects Wilks Brothers proposals to buy U.S. business

Calfrac Well Services said on Tuesday it had rejected two proposals submitted by share and debt holder Wilks Brothers to buy the Canadian oilfield...

Oil diplomacy and the U.S. presidential election

Slower growth in petroleum consumption has intensified competition among the major oil producers and contributed to periodic volume wars and price slumps as they have...

OPEC chief sees oil market moving closer to balance before key meeting

The oil market is getting closer to balance as demand gradually rises, OPEC's secretary general said on Monday, two days before the group and...

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Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge

Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly...

Canada’s Cenovus Energy posts quarterly loss on oil price plunge

Canadian oil and gas producer Cenovus Energy Inc posted a second-quarter loss on Thursday and said the worst was behind the industry after the...

Bounceback in U.S. shale oil output is unlikely to last the summer

A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return...

Kinder Morgan posts quarterly loss on $1 bln impairment charge

U.S. pipeline operator Kinder Morgan Inc on Wednesday posted a second straight quarterly loss as it took a $1-billion impairment charge after a steep...