September 1, 2021

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

September 1, 2021

Oil & Gas 360 Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch. Sponsors of The Oil & Gas Conference® 26 include: Netherland, Sewell & Associates, Moss Adams LLP, Enverus, Bloomberg, CAC Specialty, Haynes and Boone, LLP, SMBC, AEGIS Hedging, Rystad Energy, MUFG, PNC, Preng & Associates, Great

Biden administration to resume drilling auctions in setback to climate agenda

September 1, 2021

Reuters The Biden administration announced plans on Tuesday to open millions of acres for oil and gas exploration as the White House sought to comply with a court order requiring it to resume lease auctions. The move, which includes some 80 million acres of water in the Gulf of Mexico along with potentially hundreds of thousands more onshore, represents a

Gas Price Pain Ahead if Refiners Face Restart Struggle

September 1, 2021

Rigzone (Bloomberg) — Some U.S. motorists who’d been expecting an end-of-summer relief for gasoline prices should start bracing for higher costs at the pump in the coming days due to Hurricane Ida. Ida made landfall in Louisiana Sunday and is traveling along a path where seven fuel-makers process the equivalent of 12% of the oil refined nationwide. The Category 4

DNV says electrification alone won’t reach Paris Agreement climate targets

September 1, 2021

World Oil OSLO – A new forecast of the energy transition from DNV has warned that even if all electricity was ‘green’ from this day forward, the world will still fall a long way short of achieving the 2050 net zero emissions ambitions of the COP21 Paris Agreement. DNV’s Energy Transition Outlook, now in its fifth year and launched two

Port Fourchon, other Gulf oil facilities likely offline for weeks after Ida

September 1, 2021

World Oil HOUSTON (Bloomberg) –Port Fourchon, America’s largest base supporting the U.S. Gulf of Mexico offshore oil industry, will take weeks to recover after Hurricane Ida tore through the Louisiana community, leaving a wake of destruction in its path. “How many weeks is a good question,” Chett Chiasson, executive director of the Greater Lafourche Port Commission, said in an interview

OPEC+ seen sticking to policy despite higher oil demand

September 1, 2021

Reuters LONDON/DUBAI – OPEC and its allies will likely stick to their existing policy of gradual oil output increases, four sources said on Wednesday, even though the group revised up its 2022 demand outlook and still faces U.S. pressure to raise production more quickly. The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 7.2 million barrels

September 1, 2021

Weekly Crude Oil Storage as of August 27, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.2 million barrels from the previous week. At 425.4 million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year, according to the EIA crude oil and petroleum

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

Biden administration to resume drilling auctions in setback to climate agenda

Gas Price Pain Ahead if Refiners Face Restart Struggle

DNV says electrification alone won’t reach Paris Agreement climate targets

Port Fourchon, other Gulf oil facilities likely offline for weeks after Ida

OPEC+ seen sticking to policy despite higher oil demand

U.S. crude oil inventories decrease by 7.2 million barrels

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