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Oil Prices Fail to Make Gains Despite Historic Opec Agreement to Cut Production
April 16, 2020
Despite the historic Opec+ deal to cut global oil production in a bid to boost commodity prices that have more than halved since the turn of the year, there have been few signs of a price recovery in a market
Advantage Oil & Gas to Sell Stake in Glacier Gas Plant for $100 Million, Canada
April 16, 2020
Canada-based Advantage Oil & Gas has signed a definitive agreement to sell a 12.5 percent interest in the Glacier Gas Plant to a strategic partner for $100 million in cash. The transaction is expected to strengthen the company’s balance sheet
Subsea 7 Secures Contract for Chevron’s Anchor Field Development Project, Gulf of Mexico
April 16, 2020
UK-based engineering services provider, Subsea 7 has secured a contract from Chevron for subsea installation services to the Anchor field development in Gulf of Mexico. The Anchor field is located in the Green Canyon area of the Gulf of Mexico,
Genesis Energy to Offer Downstream Transportation Services for Katmai Oil Production, Gulf of Mexico
April 16, 2020
Genesis Energy has signed agreements with Fieldwood Energy and two entities managed by Ridgewood Energy to offer downstream transportation services for the crude oil production associated with the deepwater Gulf of Mexico Katmai field development. Production from the Katmai field
Southern Company Teams Up with Atlanta’s Old Fourth Distillery to Produce Hand Sanitizer
April 16, 2020
America has struggled to keep up with an adequate supply of things like hand sanitizer since the outbreak of COVID-19 began, and that’s spurring some creative solutions, and equally creative partnerships, like the union of an electric company and a
ExxonMobil Conducts Field Testing New Comprehensive Methane Monitoring Technologies
April 15, 2020
ExxonMobil is conducting field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, at nearly 1,000 sites in Texas and New Mexico to further reduce methane emissions. The field tests are evaluating effectiveness and scalability of
Phillips 66 Bolsters the Front Lines With $3 Million Commitment to COVID-19 Relief Efforts
April 15, 2020
Phillips 66 will contribute $3 million to COVID-19 relief efforts across the United States and in the United Kingdom. Of this, $1 million will be directed to the Greater Houston COVID-19 Recovery Fund and $500,000 to the Houston Food Bank.
NRG Energy Joins Forces with Project HOPE to Deliver Protective Gear to Frontline Health Workers
April 15, 2020
As cases of COVID-19 continue to rise in the U.S., NRG Energy has joined forces with Project HOPE to deliver lifesaving protective gear and equipment to America’s frontline health workers in partnership with the Business Roundtable and Healthcare Ready. “Our
Opec Agrees to Ten Million Barrels Per Day Production Cut
April 14, 2020
The Organization of the Petroleum Exporting Countries (Opec) and its allies have reached a deal to cut crude oil production by ten million barrels per day (bpd) for the months of May and June amid the falling demand for the
U.S. Crude Oil Production Set for 2020 Contraction Ahead of Crisis Summits
April 14, 2020
US crude oil production is set to undergo its first annual decline since 2016, according to government figures forecasting a 500,000 barrels per day (bpd)-drop compared to 2019. The estimate comes as part of the US Energy Information Administration’s (EIA)
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