Oil and Gas News

• How the Colonial Pipeline Became a Vital Artery for Fuel
  
  Reliance on the pipeline has grown as rising domestic production of oil and gas has led to reduced refining capacity in the Northeast.
  New York Times.  Tuesday, 11 May 2021.
• Interior drops Trump proposal for Arctic offshore drilling
  
  JUNEAU, Alaska (AP) - The U.S. Interior Department said Friday that it would not pursue a Trump administration proposal that critics feared would have weakened rules for exploratory oil and gas drilling in Arctic waters. ...
  Washington Times.  Friday, 7 May 2021.
• Equinor Blazes A Renewable Path, But Can Other Oil Companies Follow?
  
  Equinor received a lot of positive coverage this week for its transition to renewables, but its success is not necessarily translatable to U.S. oil and gas producers.
  Forbes.  Friday, 7 May 2021.
• Oil & Gas Boom 2021: Strong Prices, Record Revenues, Another Big Merger
  
  The domestic oil and gas boom of 2021 continues into May, driven by strong crude prices that most analysts thing will get stronger, recovering global demand, and by fiscal discipline being practiced by the big shale producers.
  Forbes.  Friday, 7 May 2021.
• Northern Oil and Gas (NOG) Tops Q1 Earnings and Revenue Estimates
  
  Northern Oil and Gas (NOG) delivered earnings and revenue surprises of 16.98% and 16.83%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
  Zacks.  Friday, 7 May 2021.
• Adam Kolton, 53, Dies; Led Fight to Protect Alaskan Refuge
  
  Through his work with environmental groups, he tried to prevent the introduction of oil and gas drilling in sensitive lands.
  New York Times.  Tuesday, 4 May 2021.
• Northern Oil and Gas (NOG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
  
  Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
  Zacks.  Friday, 30 Apr 2021.
• Head Of Ukrainian Energy Giant Naftogaz Replaced
  
  Ukraine's government has replaced the head of Naftogaz, the country's largest oil and gas company, after it posted a loss of nearly $700 million last year.
  Radio Liberty.  Wednesday, 28 Apr 2021.
• BP profits bounce back but investors may remain sceptical about its transformation
  
  It is now more than a year since Bernard Looney, the then-new chief executive of BP, unveiled what was seen at the time as the most ambitious energy transition programme to be announced by one of the supermajor oil and gas companies.
  Sky News.  Tuesday, 27 Apr 2021.
• BP beats first-quarter estimates on stronger commodity prices; plans to resume share buybacks
  
  It comes as oil and gas majors seek to prove to investors that they have gained a more stable footing amid the ongoing coronavirus crisis.
  CNBC.  Tuesday, 27 Apr 2021.
• President Obama acts to block offshore Arctic drilling
  
  President Obama is blocking new offshore drilling in a section of the Arctic Ocean about the size of Spain and 31 canyons in the Atlantic Ocean. They are now off-limits to oil and gas companies. ...
  CBS News.  Sunday, 25 Apr 2021.
• Exxon Mobil plan to bury carbon emissions under the Gulf of Mexico
  
  Exxon plans to use chemicals to collect carbon in the air emitted by plants along the Houston Ship Channel (pictured) and store it in former oil and gas reservoirs beneath the ocean floor.
  Daily Mail.  Wednesday, 21 Apr 2021.
• Is cheap gas driving the oil industry broke?
  
  The global price of oil has fallen to $30 a barrel, which is good news for motorists - and bad news for the hundreds of thousands of workers in the oil and gas industry who are now out of work. ...
  CBS News.  Tuesday, 13 Apr 2021.
• Newsom asked for a fracking ban. He may get more than he bargained for with ambitious plan
  
  The crackdown on oil and gas production under consideration by the California Legislature is much wider in scope than the plan requested by the governor.
  Los Angeles Times.  Sunday, 4 Apr 2021.
• Designer furniture, live animals, oil and gas: Here's what is stuck in the Suez Canal jam
  
  The cargo ship wedged in the sand and blocking the Suez Canal may be on the other side of the world, but its affects are global.
  Sky News.  Saturday, 27 Mar 2021.

Oil and Gas Companies News Headlines and News Summaries