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 Post subject: MARKET WATCH: NYMEX crude oil drops modestly on inventory re
PostPosted: Thu Feb 11, 2021 7:53 am 
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MARKET WATCH: NYMEX crude oil drops modestly on inventory report

Crude oil prices dropped modestly, settling under $53.80/bbl on Dec. 29 after a weekly US government report showed an increase in US crude oil inventories and with uncertainty about supply and demand in the coming year.



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 Post subject: MARKET WATCH: Crude oil prices fall on reports of rising OPE
PostPosted: Thu Feb 11, 2021 9:11 am 
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MARKET WATCH: Crude oil prices fall on reports of rising OPEC production

Light, sweet crude for November and December each dropped slightly more than $1/bbl Oct. 2 on the New York market. Analysts said prices fell as investors questioned the adherence level of the Organization of Petroleum Exporting Countries to its production-cut targets.



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 Post subject: Growth seen for electric vehicles, oil use
PostPosted: Fri Feb 12, 2021 7:00 pm 
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Demand for oil will grow through 2040 even as dominance of the internal combustion engine weakens in road transportation, according to base-case projections by IHS Market. But gasoline consumption will decline as fuel economy improves and as gasoline-fueled vehicles lose their share of new-vehicle sales, the firm says in research it calls Reinventing the Wheel.


 



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 Post subject: Lakes Oil to sue Victorian government
PostPosted: Sat Feb 13, 2021 6:16 pm 
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Lakes Oil Ltd. of Melbourne is suing the government of Victoria for $2.7 billion (Aus.) in damages following the states ban on onshore gas exploration. The writ was filed in the Supreme Court.



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 Post subject: Baker Institute: Mexico elections could disrupt energy refor
PostPosted: Sat Feb 13, 2021 7:54 pm 
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Baker Institute: Mexico elections could disrupt energy reform continuity

Public perceptions coupled with Mexicos upcoming presidential and local elections could disrupt continuity of the nations ongoing oil and electric reforms, panelists said during a Feb. 15 event at Rice Universitys James A. Baker III Institute for Public Policy.



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 Post subject: ExxonMobil to streamline upstream organization
PostPosted: Sun Feb 14, 2021 4:28 pm 
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ExxonMobil Corp. will streamline its upstream organization and centralize project delivery across the company to support its plans to double operating cash flow and earnings by 2025. Effective Apr. 1, three new upstream companies will be created: ExxonMobil Upstream Oil & Gas Co., ExxonMobil Upstream Business Development Co., and ExxonMobil Upstream Integrated Solutions Co.



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 Post subject: Could fracking with carbon dioxide instead of water be green
PostPosted: Mon Feb 15, 2021 5:01 am 
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Could fracking with carbon dioxide instead of water be greener?

Using CO2 to fracture rocks for oil and gas is being touted as a more environmentally friendly approach to fracking, but it may not be greener overall

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 Post subject: France enacts ban on oil, gas licensing
PostPosted: Tue Feb 16, 2021 7:16 am 
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The French legislature has passed the ban on oil and gas exploration and production announced earlier this year.



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 Post subject: Total buys Marathon Oils Libyan interest
PostPosted: Tue Feb 16, 2021 1:59 pm 
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Total has acquired a 16.33% interest in the Waha concessions in Libyas Sirte basin with the purchase of Marathon Oil Libya Ltd. for $450 million.



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 Post subject: DOI cuts most Alaska tracts in latest 2017-22 OCS leasing-pl
PostPosted: Wed Feb 17, 2021 1:41 am 
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DOI cuts most Alaska tracts in latest 2017-22 OCS leasing-plan move

The US Department of the Interior released a proposed final program (PFP) for the 2017-22 US Outer Continental Shelf oil and gas leasing that removed all tracts offshore Alaska. National oil and gas associations, other business organizations, and members of Alaskas government immediately criticized the Nov. 18 action.



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