Ninth Circuit Sends Oakland’s Climate Case Back to District Court

The Ninth Circuit Court of Appeals issued two rulings in favor of California municipalities that are suing energy companies for alleged costs of combating climate change, allowing one case to proceed in state court while reversing the dismissal of another. While this is being cast as a procedural victory for the cities, the panel clearly agreed with the companies that ...

Source: Energy In Depth

Consultation period helps clear air on implied duty-unpaid premium, explain difference from Midwest premium

Market feedback is critical to any organization, but particularly for price reporting agencies such as S&P Global Platts.

Market dynamics – the factors that drive supply and demand and ultimately, pricing – should play out unfettered in any truly free-market economy.

Both of those themes were clear in the feedback gathered during a recent market consultation regarding Platts’ implied duty-unpaid ...


Source: Platts - The Barrel Blog News Feed

Chevron Plans Massive Workforce Reduction

Chevron Corp has plans to cut between 10 percent and 15 percent of its workforce as crude oil prices remain stubbornly low amid the coronavirus pandemic and oversupply. With oil demand set for a slow rebound in the coming quarters due to the pandemic, Big Oil, along with service providers and small drillers, have been forced to shift gears to ...

Source: Oilprice.com

Russia To Expand Influence In Iraq’s Oil Heartland

With Rosneft having effectively taken control of Kurdistan’s oil and gas sector in northern Iraq through the deal done in November 2017, Russia had been looking to leverage this presence into a similarly powerful position in the south of the country. In particular, Moscow had sought to strike new oil and gas field exploration and development deals with Baghdad as ...

Source: Oilprice.com

Ukrainian Government Greenlights U.S. LNG Imports

The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters reported, citing a televised government meeting. Under the memorandum approved by the government, Ukraine will be importing at least 5.5 billion cubic meters of LNG annually, while the seller ...

Source: Oilprice.com

Ukrainian Government Greenlights U.S. LNG Imports

The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters reported, citing a televised government meeting. Under the memorandum approved by the government, Ukraine will be importing at least 5.5 billion cubic meters of LNG annually, while the seller ...

Source: Oilprice.com

Helter ‘Shelter’ in the Oil Patch with OCTG

The OCTG Situation Report May 2020 Photo Courtesy Southwestern Energy Company

Photo Courtesy Southwestern Energy Company

Susan Murphy | The OCTG Situation Report

Susan Murphy | Publisher + Editor-in-Chief

It’s May in the oil patch and we hope you’re doing well and staying well in this helter ‘shelter’ world in which we now find ourselves. “Helter-skelter,” as the phrase is known, seems to be an appropriate way to label the current state of upheaval in the oil & ...

US Considers New Sanctions On Russia-Led Nord Stream 2 Pipeline

The United States is currently considering additional sanctions on the Russia-led gas pipeline project Nord Stream 2 which is planned to bring Russian gas to Germany via the Baltic Sea, outgoing U.S. Ambassador to Germany, Richard Grenell, told German business daily Handelsblatt in an interview. U.S. lawmakers have sought to pass a bill to levy sanctions on the Nord Stream ...

Source: Oilprice.com

Trump Wants To Mediate In Escalating Conflict Between Asian Superpowers

U.S. President Donald Trump on Wednesday morning offered to mediate the border dispute between China and India. We have informed both India and China that the United States is ready, willing and able to mediate or arbitrate their now raging border dispute. Thank you! — Donald J. Trump (@realDonaldTrump) May 27, 2020 The conflict between the two superpowers came ...

Source: Oilprice.com