News

We keep up with what’s happening in the industry. Read more below.

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary

LISBON (Reuters) – The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters ...

Oil and gas industry contracts, production still increases in Texas during 2019

By KURT ABRAHAM, EDITOR-IN-CHIEF According to the Texas Alliance of Energy Producers (TAEP) Texas Petro Index (TPI), 2019 was a year of contraction in the Texas upstream oil and gas economy. This is the key finding enunciated by TAEP Executive Vice President and Economist Karr Ingham ...

EIA expects U.S. net natural gas exports to almost double by 2021

WASHINGTON - The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021. Growth in U.S. net exports is ...

China to Buy $52B of Additional US Energy Products

China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers. The purchases over two years will include liquefied natural gas, crude oil, refined products and coal, ...

7 Things To Expect From The Oil And Gas Industry In 2020

David Blackmon Dec 19, 2019, 11:10am In keeping with what has become an annual tradition, we took out our handy crystal ball - manufactured from petroleum-based materials, of course - for a look at expectations for the year to come in 2020. ...

Shell share price dips after warning Q4 income will be hit by impairment charges

PUBLISHED FRI, DEC 20 2019 by David Reid Shares of Royal Dutch Shell dipped 0.7% in trade Friday after the firm announced that it will book additional charges against its income in the fourth quarter. The Anglo-Dutch energy giant said it expects to log ...