Chinese Government To Monitor Renewable Energy Targets

China will begin monitoring how closely provinces stick to clean energy targets set by the central government, Bloomberg reports, citing a statement by the National Development and Reform Commission. The country has increased its renewable energy generation target for this year to 28.2 percent of the total, with 10.8 percent to come from non-hydropower sources. This would be ...

Source: Oilprice.com

Oil Prices Spike On Hopes Of OPEC+ Deal Extension

Oil prices rose early on Tuesday as market participants hope that the OPEC+ group may decide in the coming days to roll over for a month or two the current level of production cuts beyond June to support last month’s price rally.   As of 10:33 a.m. EDT on Tuesday, WTI Crude was up 2.26 percent at $36....

Source: Oilprice.com

Birchcliff Energy Ltd. announces declaration of quarterly common share and preferred share dividends

CALGARY, Alberta – Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending June 30, 2020: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, [Read more]

Source: BOE Report

U.S. Postpones More Oil & Gas Lease Sales

After abruptly postponing a lease sale in New Mexico last month, the Trump Administration has postponed additional oil and gas lease sales in Nevada and Mississippi, the Bureau of Land Management’s online auction website showed. The Bureau of Land Management (BLM) of the Department of the Interior is postponing a lease sale of seven parcels covering 10,459 acres in Nevada, ...

Source: Oilprice.com

WFS Technologies and Subsea Energy Solutions join forces

WFS Technologies (WFS) has joined forces with Subsea Energy Solutions (SES) to harness their combined global expertise and market-leading range of live condition monitored cable protection systems for the offshore energy industry

The collaboration will see WFS utilise its smart wireless Seatooth® technologies, which provide real-time insight in extreme environments, with SES’s offshore cable and subsea umbilical, riser and flowline protection systems.

...

Source: Oil and Gas Technology’s News Feed

Oil price, Ascent Resources, Gulfsands Petroleum

Oil rallies and Brent is nearly $40 and nearly in backwardation, the Opec+ meeting on Thursday might make or break that...Today I look at Ascent Resources where the new team are really getting to grips with things and also Gulfsands Petroleum where further cost cutting continues but still looks very exciting for those with a long perspective.

The post ...