Coronavirus

Chevron Corp., savaged in the second quarter by the hurricane-force winds of Covid-19, warned Friday that the pandemic may choke profits through September.  The San Ramon, CA-based major posted an $8.3 billion loss (minus $4.44/share), compared with net profits a year earlier of $4.3 billion ($2.27). U.S. upstream operations lost $2.1 billion, versus year-ago earnings…

Data from the U.S. Energy Information Administration (EIA) for March and April showed that coronavirus mitigation efforts prompted more delays than average in the commercial operation dates of proposed electric generator projects, including natural gas combustion turbine and natural gas combined-cycle plants.  The EIA’s Preliminary Monthly Electric Generator Inventory found that 31 natural gas combustion…

U.S. energy supplies took a hit in April that typically occurs only in times of natural disasters, with natural gas production dropping to levels not seen since Hurricane Issac ravaged the Gulf Coast in 2012, according to the Energy Information Administration (EIA). Lower 48 natural gas production fell by 2.6 Bcf/d in April, marking the…

Employment continued to shrink during June in Canadian oil and natural gas fields, with service and supply contractors suffering the deepest losses, according to the industry’s workforce monitoring agency. Cuts of 5,600 field personnel accounted for 84% of 6,700 layoffs recorded last month by Calgary-based Petroleum Labor Market Information (PetroLMI) from Statistics Canada surveys. The…

Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…

The Covid-19 pandemic played a central role in how state of Washington regulators finalized a $205 million general rate request from Bellevue, WA-based Puget Sound Energy (PSE), and they indicated that will be their practice for as long as the virus is present. New natural gas and electric rates are effective July 20. In the…

Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…

Both revenue sharing and energy production should be increased on the Outer Continental Shelf (OCS), according to a group of governors representing Alabama, Alaska, Louisiana, Mississippi and Texas. “As our states recover from both Covid-19 and the economic downturn, we need to build a path to recovery by looking for ways to stimulate our respective…

Royal Dutch Shell plc is not backing off its ambition to become a net-zero emissions energy operator by 2050, and in fact, management expects Covid-19 to accelerate the energy transition. In a recorded video for the global workforce, CEO Ben van Beurden said Tuesday there was an “opportunity of a green recovery” as the world…