$60 Oil is Great, But it Can’t Save Nigeria
If $60 oil can not save you, then you are in bad shape. No, I am not talking about some of the U.S. shale producers, but Nigeria and its struggling oil industry. Depending on who you ask, Nigeria needs prices somewhere between $130 and $140 to balance its fiscal budget....
Federal Appellate Court Halts Mountain Valley Construction Pipeline Construction
In a summons of the modern-day militiamen of oil and gas, the AG’s of 21 individual states banded together to land one monumental blow against Biden and his administration. Responding to the devastating repeal of the Keystone XL Pipeline’s permit, the group of legal minds targeted the president and...
Paul Takahashi reports in the Houston Chronicle that 18 upstream oil and gas companies filed for bankruptcy protection during the second quarter of this year.
It is widely stated that if one does not like the weather in the South, just wait an hour because it will change. Mirroring the sentiment, the Biden administration deviated from its climate-first mantra and backed PennEast and its $1 billion natural gas pipeline. Shocking spectators from both sides of...
ONE Future Pursues One Goal
Waking the sleeping giant, the Biden administration and card-carrying democrats have decided to redirect attention from the coal sector and channel it fully on the oil and gas industry, all in the name of climate change. Having once been the major source of power generation for decades, coal faltered...
  The Houston Chronicle has a story out today about the ongoing fallout from the Texas Big Freeze and resulting blackouts in February, that is absolutely infuriating. If it is accurate, it means that a failure by regulators to adequately communicate the need for critical natural gas facilities to fill...
Dominion and Duke Energy announced over the weekend that they have cancelled plans to complete the $8 billion Atlantic Coast Pipeline project.
When does a crude oil pipeline somehow come to be labeled as “racist?” For Valero and Plains All-American Pipeline, they’re finding out that such allegations arise when former Vice President Al Gore gets involved in opposing a proposed 49-mile pipeline, 7 miles of which would move oil underneath some...
After making a smaller offer a month ago, Chevron publicized a plan to buy the Noble Midstream Partners LP shares it does not currently own. With a price tag of $1.32 billion, the deal’s architecture directs 0.1393 Chevron shares to Noble Midstream’s unitholders. In an offer announced in February, Chevron...
In a period of unrelenting attacks, the oil and gas industry has been under intense scrutiny. Fears of abandonment and extinction are all too real with a political administration that appears to have no interest in compromise but instead intends to starve the families of a workforce that is...
Some Reasons for Optimism at the End of a Troubling Year
The history of the oil and gas business in the United States is that every time the “experts” all line up to declare it to be dead, it finds a way to come roaring back. This scenario has played itself out at least half a dozen times across my...
Crude Oil Port CC
Mixing determination and creative thinking, Trafigura speculates that a combination of its Corpus Christi terminal and the wider hub will enable Platts to basket U.S. crude in its Dated Brent benchmark and without curtailing trade in the process. Essential to the global oil system, the European Brent benchmark is utilized...