Rigzone recaps some oil and gas market hits and misses for the week ending Feb. 26, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Traditionally, Rigzone’s news coverage has infrequently covered the electric power industry – save for its reliance on natural gas feedstocks. Recent freeze-related outages at oil and gas wells, refineries, gas stations, and other facilities in Texas, however, have put Rigzone in the unusual position of running a significant number of articles about the power industry.
A major player in Texas’ electricity sector that has received much public scrutiny in the wake of the widespread outages has been the Electric Reliability Council of Texas (ERCOT). ERCOT manages most of the state’s power flow and ordered rolling blackouts during the Arctic blast. Texas’ recent energy travails illustrate independence and – paradoxically – inte
Here is a preview of what to watch this week in oil and gas markets.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
A recently announced achievement by one Permian Basin operator could mark the ascendancy of U.S. oil and gas companies in the area of carbon offsets. Find out why, along with other projections, in this installment of what to watch this week in oil and gas markets.
Tom McNulty, Houston-based Principal and Energy Practice leader with Valuescope, Inc.: We will see more and more leadership from the U.S. Energy Complex on ESG (environmental, social, and corporate governance) initiatives that actually have teeth. Just see what Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum (NYSE: OXY), did. It delivered 2 million barrels of “carbon-neutral oil” to Reliance Industries (NSE: RELIANCE) in India. As far as I can tell, this was the industry’s first
Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
On Friday the statistical arm of the U.S. Department of Energy released figures on how dramatically domestic fossil fuel production has changed since the onset of the COVID-19 pandemic. Moreover, it unveiled its projected timeline for a rebound in output. The graphs below from the report highlight the data EIA presented.
SOURCE: U.S. Energy Information Administration,
Monthly Energy Review and
Check out this review of oil and gas market hits and misses for the week ending Jan. 1, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
On New Year’s Day 2021, a widespread sentiment – expressed on social media and other public forums – is relief that 2020 is over. Last year will likely rank as one of the most difficult years ever for the oil market, but longstanding market challenges have made the transition from 2020 to 2021. Find out more in this review of recent oil market hits and misses.