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May 12, 2021

Big Oil won’t become major investors in renewable technology even as investment soars, IEA analyst says

May 12, 2021

CNBC Oil companies will increase their investment in renewables over the coming years but won’t become major investors in the technology that underpins the sector, according to a lead author of the International Energy Agency’s Renewable Energy Market Update. Speaking to CNBC’s “Street Signs Europe” on Tuesday, Heymi Bahar explained there was a “changing momentum” when it came to oil

Analysis-Cyberattack exposes lack of required defenses on U.S. pipelines- oil and gas 360

Analysis-Cyberattack exposes lack of required defenses on U.S. pipelines

May 12, 2021

Reuters WASHINGTON -The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses.   The U.S. government has had robust, compulsory cybersecurity protocols for most of the power grid for about 10 years to prevent debilitating hacks by criminals or state actors. But the country’s 2.7

U.S. Chesapeake Energy says no board members interviewing to take up CEO post- oil and gas 360

U.S. Chesapeake Energy says no board members interviewing to take up CEO post

May 12, 2021

Reuters Chesapeake Energy Corp CHK.O said on Wednesday no members of its board of directors were interviewing to take over from former chief executive Doug Lawler, who resigned last month after leading the company through its Chapter 11 bankruptcy. Interim-CEO Mike Wichterich said the search for a replacement would take a few months, adding that Lawler had not left because of

Oil climbs on drop in U.S. oil stockpiles, solid demand outlook- oil and gas 360

Oil climbs on drop in U.S. oil stockpiles, solid demand outlook

May 12, 2021

Nasdaq MELBOURNE- (Reuters) – Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into a sixth day. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013

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