Downstream

This post was originally published on this siteSummary OPEC+ agrees to add another 400,000 bpd in January Oil prices have tumbled from October’s three-year highs Omicron, release of U.S. reserves put pressure on price U.S. wants OPEC to pump more as Biden’s ratings suffer LONDON, Dec 2 (Reuters) – OPEC and its allies agreed on […]

This post was originally published on this siteDec 2, 2021 (Bloomberg) The Energy Department division that has doled out billions to projects including a squid-skin inspired shirt to regulate body temperature is training its sights on a new target: reducing the emission of a powerful greenhouse gas from the oil, gas and coal industries. The Advanced

This post was originally published on this siteDec 3, 2021 (Bloomberg) Oil jumped after the OPEC+ alliance left the door open to reversing its decision to boost output, with the impact of the omicron Covid-19 variant on demand remaining highly uncertain.West Texas Intermediate climbed above $68 a barrel after closing higher on Thursday following the producer

This post was originally published on this siteDecember 02, 2021 HOUSTON, Dec. 02, 2021 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) (the “Company” or “Dril-Quip”) announced today that its Board of Directors has appointed Kyle F. McClure as its Vice President and Chief Financial Officer effective January 1, 2022. Mr. McClure, age 46, has most recently served

This post was originally published on this siteLAUNCESTON, Australia, Dec 2 (Reuters) – In stark contrast to crude oil, natural gas appears to be largely immune to the potential impact of the new Omicron coronavirus variant, with prices in all three major regions trading more on expectations around winter supply and demand. For Asian liquefied

This post was originally published on this siteU.S. shale oil producers will increase capital spending by nearly a fifth next year as they deploy more rigs and inflation bites, according to Rystad Energy AS.Expenditures will rise to $83.4 billion in 2022, the highest since the Covid-19 pandemic emerged in early 2020, with more than half

This post was originally published on this siteAccord Financial is pleased to announce that it closed a $15M facility for an oil and gas services company.  Our newest client provides transportation, environmental and related services to the Oil and Gas sector. With operations in Alberta and BC, this company, a leader in its field, needed

This post was originally published on this siteDec 2 (Reuters) – Chesapeake Energy Corp (CHK.O) said on Thursday it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows. The company’s shares rose 3.5% to $59 in premarket trading. Profit and

This post was originally published on this site(Bloomberg) The U.S. will become “energy dominant” as its low-cost supplies of oil and natural gas give the nation an edge amid surging global fuel prices, according to Bank of America.As the world moves to cleaner sources of power, prices for crude oil, gas and other hydrocarbons will remain high

This post was originally published on this siteDec 2, 2021 (Bloomberg) OPEC nations added far more oil in November than required by their plans to restore halted production, as one member overcame nagging disruptions and another flouted its limit. The Organization of Petroleum Exporting Countries added 350,000 barrels a day last month, almost 40% more than