Downstream

This post was originally published on this siteDec 2, 2021 (Bloomberg) Oil declined ahead of an OPEC+ meeting to decide on supply with the spread of the omicron variant muddying the demand outlook.The group is gathering with the oil market going through one of its most volatile trading periods. West Texas intermediate, which slipped into a […]

This post was originally published on this siteDec 1 (Reuters) – The U.S. natural gas market has stopped worrying about winter. Just two months ago, U.S. gas futures were signaling alarm that the nation may not have enough gas in storage to adequately supply homes and businesses with heat throughout the winter. With December’s arrival,

This post was originally published on this siteDecember 01, 2021 HOUSTON (December 1, 2021) – Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5 billion in cash. The agreement covers the sale of Shell’s 225k net acres and existing production of around 175

This post was originally published on this siteLONDON, Nov 30 (Reuters) – Portfolio managers were already selling oil even before news of the Omicron coronavirus variant sent prices into a tailspin on Nov. 26, and the resulting lack of buyers probably worsened the sell off. Hedge funds and other money managers sold the equivalent of

This post was originally published on this siteSummary Success will be defined by lower fuel prices, not amount of oil released -Turk Biden gave officials flexibility in the release plan Biden administration also discussing merits of oil export ban WASHINGTON, Dec 1 (Reuters) – The Biden administration could adjust the timing of its planned release

This post was originally published on this siteDecember 01, 2021 MIDLAND, Texas, Dec. 01, 2021 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced the closing of the previously announced drop down transaction with Diamondback. Rattler, through its operating subsidiary, acquired certain water midstream

This post was originally published on this siteOTTAWA, Dec 1 (Reuters) – Formal talks between Canada and the United States over a disputed Michigan pipeline should start soon, Ottawa said on Wednesday, the latest development in an affair souring bilateral relations. Last month Canada invoked a 1977 treaty with the United States to trigger negotiations

This post was originally published on this siteDec 1 (Reuters) – U.S. natural gas futures dropped almost 7% on Wednesday to a three-month low on forecasts for mild winter weather, record output and ample amounts of gas in storage. Front-month gas futures for January delivery fell 30.9 cents, or 6.8%, to settle at $4.258 per

This post was originally published on this siteLONDON, Dec 1 (Reuters) – Carbon capture and storage (CCS) services for large industrial emitters could break even in the next 10 years if emitting a tonne of carbon costs around 100 euros per tonne, Equinor’s (EQNR.OL) CCS chief said at  the Reuters Next conference . CCS transports CO2 from

This post was originally published on this siteBASRA, Iraq, Dec 1 (Reuters) – Iraq is considering a proposal made by U.S. oil service company Halliburton (HAL.N) for buying Exxon Mobil’s (XOM.N) stake in the southern West Qurna 1 oilfield, a senior Basra Oil Co. Official said in a press conference on Wednesday. “Halliburton submitted a proposal seeking the