Once on the margin of the margins, calls for the nationalization of US fossil fuel interests are growing. Before the COVID-19 pandemic, the basic argument was this: nationalization could expedite the phasing out of fossil fuels in order to reach climate targets while ensuring a “just transition” for workers in coal, oil, and gas. Nationalization […]
Following last week’s price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week’s price rally. Traders are also expecting deeper OPEC+ cuts of 1.15 million bbl/d in August and September. As a result, Brent crude traded above $46 which was mainly […]
Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production on Monday as two tropical storms threaten operations. Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production and 44.6 percent of gas production as a hurricane […]
The double negatives of a demand-culling pandemic and wildly declining sentiment trouncing the oil and gas. It is also pushing companies to record lows, with $30 billion in collective debt, trying to pick a winner in this sector is growing more challenging by the day. Oil boom is really coming. On the demand front, the […]
A growing number of oil and gas companies are looking to measure and reduce their carbon emissions under increased pressure from shareholders to join the fight against climate change – and the result is that the tech industry is starting to get into the oil and gas game. A growing number of technology companies – […]
Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking global inventories and prices improving faster than previously expected. “Back in June, we upped our oil price forecasts by $5 per barrel (/bbl) and argued that Brent would average $43/bbl […]
The market is beginning to give credence to something we’ve been discussing in past years concerning the increasing oil price. In a June 2020 article entitled, Underinvestment Could Send Oil Prices Soaring, I argued how the retrenchment and lack of capital investment the industry has seen over the past five years would lead to shortages […]
The U.S. Environmental Protection Agency (EPA) expects to finalize and sign this week new rules about methane emissions for the oil and gas sector, including putting an end to requirements that companies have systems in place to detect methane leaks, senior administration officials told The Wall Street Journal. The EPA has proposed updating the Obama […]
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The oil and gas industry is one of the most powerful financial sectors in the world, critical to global and national economies. Above all, this industry is a valuable target for adversaries. Therefore for those who are seeking to exploit Industrial Control Systems (ICS) vulnerabilities. That is why defending the oil and gas industry should […]
