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Schlumberger to Collaborate With Amazon Web Services to Deploy DELFI Petrotechnical Suite on AWS
May 27, 2021
Schlumberger said it will collaborate with Amazon Web Services (AWS) to deploy domain centric digital solutions, enabled by the DELFI cognitive E&P environment, on the cloud with AWS. This collaboration will bring AWS customers to the DELFI Petrotechnical Suite, which
U.S. Shale Oil Output to Climb for First Time in June
May 27, 2021
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day (bpd) in June to 7.73 million bpd, the first rise in three months, the U.S. Energy Information Administration said in a monthly forecast
Granholm Expresses Openness to Pipeline Cyber Standards After Colonial Attack
May 26, 2021
Energy Secretary Jennifer Granholm last week threw her tentative support behind the idea of mandatory standards to secure pipelines in the wake of the debilitating ransomware attack on Colonial Pipeline earlier this month. When asked by House Energy and Commerce
U.S. Refiners Boost Gasoline Output as Margins Surge
May 26, 2021
U.S. gasoline prices are rising strongly, encouraging refineries to maximize gasoline production, even as they struggle with lackluster demand for jet fuel due to international quarantine restrictions. Based on futures prices, gross margins for making gasoline from U.S. crude oil
Matador Resources Publishes Its Inaugural SASB-Aligned ESG Metrics
May 26, 2021
Matador Resources Company has published its metrics aligned with standards developed by the Sustainability Accounting Standards Board (SASB). Matador is committed to creating long-term value in a responsible manner and aligning its ongoing environmental, social and governance (ESG) reporting with
North Dakota Supreme Court Rules Crude Oil Royalty Calculated at Well
May 26, 2021
The North Dakota Supreme Court said on Thursday that contractual language commonly used in the state to calculate royalties that landowners pocket requires oil producers to pay values determined at the well, rather than higher ones as the oil gets
Kayne Anderson Combines Anadarko Basin Portfolio Companies Under New Management
May 25, 2021
Kayne Anderson Energy Funds has completed the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings, and Acacia Exploration Partners to form 89 Energy III. 89 Energy III closed on a new syndicated credit facility and received additional equity
SHV Energy and UGI to Launch JV to Accelerate Transition of LPG Industry to a Sustainable Future
May 25, 2021
SHV Energy and UGI International, a subsidiary of UGI Corporation, intend to launch a joint venture to advance the production and use of renewable dimethyl ether (rDME), a low-carbon sustainable liquid gas, to accelerate renewable solutions for the LPG industry.
Oasis Petroleum Enters Agreements to Sell Its Permian Basin Assets for $481 Million
May 25, 2021
Oasis Petroleum has entered into a series of definitive agreements to sell its entire Permian Basin position for total gross potential consideration of $481 million. The total consideration consists of $406 million at closing and up to three $25 million
OPEC: IEA Net-Zero Pathway Could Add to Oil Price Volatility
May 25, 2021
OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund
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