Covid-1

BP Laying Off 10,000 Employees as Oil Prices ‘Well Below’ Level Needed to Turn Profit

BP plc, the largestnatural gas marketerin North America and a leading U.S. oil and gas employer, on Monday launched plans to lay off 10,000 people by the end of this year.

June 8, 2020
Canada Oil, Gas Producers Urge National Tax Break to Counter Covid-19, Depressed Prices

Canada Oil, Gas Producers Urge National Tax Break to Counter Covid-19, Depressed Prices

Canadian oil and gas producers made their second appeal Thursday for a national corporate tax break to counter depressed sales and prices blamed on the Covid-19 pandemic, global supply gluts and environmental movements to curb fossil fuel use.

June 4, 2020
Raymond James ‘Extremely Bullish’ on 2021 Natural Gas Prices, But Says LNG Outlook Less Rosy

Raymond James ‘Extremely Bullish’ on 2021 Natural Gas Prices, But Says LNG Outlook Less Rosy

The impact of Covid-19 on pressuring U.S. natural gas prices remains a wildcard, but supply/demand changes point for the strip to move lower this year before 2021 ushers in “extremely bullish” prices, Raymond James & Associates Inc. said Monday.

June 1, 2020
Energy Operator Philanthropic Efforts Continue Unabated to Combat Covid-19 Destruction

Energy Operator Philanthropic Efforts Continue Unabated to Combat Covid-19 Destruction

As the devastating impacts from the Covid-19 pandemic destroy not only natural gas and oil demand but people’s livelihoods, theenergy industrycontinues to mount all-out efforts to support communities across the United States and abroad.

May 22, 2020
State AGs Call for FERC Moratorium on Fossil Fuel Infrastructure Projects

State AGs Call for FERC Moratorium on Fossil Fuel Infrastructure Projects

FERC should call a halt to approvals of natural gas pipelines, liquefied natural gas (LNG) export facilities “and related fossil-fuel infrastructure projects until the end of the Covid-19 crisis,” according to a group of attorneys general (AG) representing 10 states and the District of Columbia.

May 11, 2020
U.S. Natural Gas Rig Count Down One as Fallout Continues in Oil Patch

U.S. Natural Gas Rig Count Down One as Fallout Continues in Oil Patch

The U.S. natural gas rig count fell one unit to 80 during the week ended Friday (May 8), while another steep decline in oil activity sent the overall U.S. count plummeting once again, according to the latest figures from Baker Hughes Co. (BKR).

May 8, 2020
New York Power Demand Plummets Amid Coronavirus Shutdown

New York Power Demand Plummets Amid Coronavirus Shutdown

Efforts to mitigate the spread of Covid-19 caused daily weekday electricity demand in New York state to fall by 11-14% in March and April compared to expected demand, the Energy Information Administration (EIA) said Wednesday.

May 6, 2020
Covid-19 Presents New Normal for Energy Sector, Edison CEO Says

Covid-19 Presents New Normal for Energy Sector, Edison CEO Says

California’s coronavirus lockdown has shone a spotlight on the state’s energy sector, and the eventual recovery to a new-normal economy will require a key role for clean energy, according to Edison International (EI) CEO Pedro Pizarro.

May 4, 2020
Canada Oil, Natural Gas Drilling Seen Plunging to 49-year Low Amid Pandemic, Demand Rout

Canada Oil, Natural Gas Drilling Seen Plunging to 49-year Low Amid Pandemic, Demand Rout

Canadian oil and natural gas drilling is plummeting to the slowest pace in half a century, report the industry’s field contractors.

May 4, 2020
With Demand Smothered by Covid-19, Canadian E&Ps, OFS Operators Reduce Capex, Output

With Demand Smothered by Covid-19, Canadian E&Ps, OFS Operators Reduce Capex, Output

A cross-section of Canadian producer and contractor firms deepened 2020 capital spending cuts Monday in response to the worsening fossil fuel market outlook caused by the Covid-19 virus pandemic.

April 21, 2020
‹ Previous 1 2