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Whats Affecting Oil Prices This Week? (Feb. 22, 2021)

2021-02-22 18:00:00| OGI

After the increase during the past two weeks of Brent by 12.2% and WTI by 14.4%, crude prices are now back to the range they were for much of 2019 and more developments are on the way, Stratas Advisors says in its latest oil price forecast.

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Category: Industrial Goods and Services

US, Canadian Crude Exports to India Surge

2021-02-22 16:47:44| OGI

In January, oil from the US and Canada accounted for 11% of Indias imports.

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Category: Industrial Goods and Services

EDF Renewables, Enbridge, wpd Launch Construction on Calvados Offshore Wind Farm

2021-02-22 15:19:26| OGI

The 448-MW Calvados offshore wind project is comprised of 64 wind turbines located more than 10 km from the Bessin coastline and occupies a total surface area of approximately 45 sq km.

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Category: Industrial Goods and Services

CNOOC Makes Large Oil, Gas Discovery in Bohai Bay

2021-02-22 15:05:00| OGI

The discovery well was tested to produce an average of about 1,980 barrels of crude oil and 5.25 million cubic feet of natural gas per day.

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Category: Industrial Goods and Services

Israel to Link Leviathan Gas Field to Egypt LNG Plants, Minister Says

2021-02-22 15:04:52| OGI

Israel and Egypt have agreed to build a pipeline to connect Israels offshore Leviathan natural gas field to LNG terminals in northern Egypt, the Israeli minister said on Feb. 21.

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Category: Industrial Goods and Services

Arctic Drilling Plan in Alaska Hits Roadblock

2021-02-22 14:52:01| OGI

The Kaktovik Inupiat Corp. failed to do the required work to identify polar bear dens in the region that would be surveyed, an Interior spokeswoman said.

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Category: Industrial Goods and Services

US Shale Rebound to Remain Subdued Even as Oil Prices Rise

2021-02-22 11:10:00| OGI

The lack of a U.S. shale rebound could make it easier for OPEC and its allies to manage the market, according to OPEC sources.

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Category: Industrial Goods and Services

Oil and Gas Investor Executive Q&A: Earthstone on the Rise

2021-02-22 10:00:00| OGI

A model of disciplined tenacity, Midland Basin-focused Earthstone Energy patiently and diligently builds scale through good times and bad. And new CEO Robert J. Anderson makes no apologies for being a small-cap, growth-oriented oil and gas producer.

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Category: Industrial Goods and Services

Its Official: US Back in the Paris Climate Club

2021-02-19 22:43:42| OGI

President Biden has promised to chart a path toward net-zero U.S. emissions by 2050.

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Category: Industrial Goods and Services

Mexico Begins Receiving LNG as Gas Supply via Pipeline Rises

2021-02-19 22:38:18| OGI

The government plans to supply the gas to several power plants.

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Category: Industrial Goods and Services

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