February 3, 2021

Big Oil CEO says going green ‘will have a cost for everybody’ — and governments need to explain that

February 3, 2021

CNBC LONDON — The chief executive of French oil major Total called on governments to explain the cost of carbon neutrality pledges, urging policymakers to make the “affordability” of an energy transition clear to everybody. His comments come at a time when the global oil and gas industry is under immense pressure to pivot away from the burning of fossil fuels, amid deep

Earthstone provides update, 2021 guidance and announces proved reserves

February 3, 2021

Eathstone Energy Record Annual Production Beats Top End of 2020 Full Year Guidance by 6%; Planned Resumption of Drilling Program THE WOODLANDS, Texas–(BUSINESS WIRE)– Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), today provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. The Company has estimated its oil and gas

Repsol hires JPMorgan to spin off renewables unit, El Confidencial reports

February 3, 2021

Reuters MADRID – Spanish oil and gas company Repsol has hired JPMorgan as an investment bank to spin off its renewable unit as early as June, Spanish on-line media El Confidencial reported on Wednesday citing financial sources. The Spanish company is considering listing the unit, which could be worth as much as 4 billion euros ($4.81 billion) on the stock

Pandemic pushes Exxon to historic annual loss, $20 billion cut in shale value

February 3, 2021

Reuters HOUSTON -Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion. loss, $20 billion cut in shale value Exxon last year slashed spending on new projects by nearly a third, outlined plans to cut up to 15%

U.S. refiners talk up renewable projects after a year of lousy fuel demand

February 3, 2021

Reuters Following a year of grim losses amid pandemic lockdowns that dented demand for fuel as people stuck close to home, the largest U.S. independent refiners are promoting plans to boost production of renewable fuels. Renewable fuels represent a silver lining for refiners under threat of being left behind by the shift to electric vehicles and away from fossil fuel

Few of Them Were To Be Trusted Within Reach of a Trowel and a Pile of BRICKS, Part II

February 3, 2021

Images: Búzios oil field. Source: Equinor February 2021 — Myt…

Oil prices near 1-year highs after stocks drawdown, supply deficit forecast

February 3, 2021

Reuters LONDON – Both benchmark oil contracts hovered near their highest levels in about a year on Wednesday, boosted by a drawdown in U.S. crude and gasoline stocks that added to demand recovery hopes fueled by OPEC+’s forecast of a deficit in the market this year. Brent crude futures were up 91 cents, or 1.6%, at $58.37 a barrel at

New Jersey Board of Public Utilities to Explore Resource Adequacy Alternatives Featuring Integrated Clean Capacity Market Framework by Brattle Consultants

February 3, 2021

New Jersey Board of Public Utilities to Explore Resource Adequacy Alternatives Featuring …

Big Oil CEO says going green ‘will have a cost for everybody’ — and governments need to explain that

Earthstone provides update, 2021 guidance and announces proved reserves

Repsol hires JPMorgan to spin off renewables unit, El Confidencial reports

Pandemic pushes Exxon to historic annual loss, $20 billion cut in shale value

U.S. refiners talk up renewable projects after a year of lousy fuel demand

Few of Them Were To Be Trusted Within Reach of a Trowel and a Pile of BRICKS, Part II

Oil prices near 1-year highs after stocks drawdown, supply deficit forecast

New Jersey Board of Public Utilities to Explore Resource Adequacy Alternatives Featuring Integrated Clean Capacity Market Framework by Brattle Consultants

Mansfield Energy Announces Acquisition of eServices Energy Management

Services PMI® at 58.7%; January 2021 Services ISM® Report On Business®

Chicagoland’s Largest Solar Development “Energized” in the Fox Valley Area

Marvel Power Group joins RNG Coalition

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