Terms of Use | Privacy Policy | Contact Us | About Us | SportingCharts.com. It’s world-class quality oil.". Want to publish a press release on CleanTechnica? Published on October 2nd, 2020 | "The beneficiaries of the Court's decision are the major fuel retailers who maintain the ability to blend, or not, based on their best economic interest and without regard to biofuels mandates," said LeAnn Johnson Koch, a partner at Perkins Coie who represents the Small Refiners Coalition. [1] This may be part of an attempt to constrict the oil supply[2] or a necessary precaution when crews are evacuated ahead of a natural disaster. In the energy industry, this is when well production is significantly reduced or suspended altogether. Production shut-ins resulting from Hurricane Laura were much smaller than the combined production disruptions following Hurricanes Gustav and Ike in 2008 and Hurricane Katrina in 2005. In a filing Tuesday, the attorneys general asked a federal district court to put the Trump administration’s rule on ice until the lawsuits against it are resolved. As storms approach, operators typically prepare their platforms by securing equipment and, if necessary, evacuating the platforms. Iraq and Kazakhstan are also complying, Morse said. Gavin Newsom is putting his state on a much more aggressive path to slash emissions.

", Expectations should be kept in check. Read the full interview in Abby’s piece for this week’s Washington Examiner magazine. SUPREME COURT WON’T HEAR RFS POINT OF OBLIGATION DISPUTE: The Supreme Court on Monday denied a request from refiners to require the EPA to consider changing the point of obligation under the Renewable Fuel Standard.

Despite leading to the largest shut-in of crude oil production in 12 years, Hurricane Laura resulted in much smaller shut-ins of production compared to Hurricanes Gustav and Ike in 2008 and Hurricane Katrina in 2005. California Gov. This template will no longer automatically categorize articles as candidates to move to Wiktionary. Politico Biden White House would yank Keystone XL permit, Reuters Coronavirus creates repair headache for oil and gas industry, Washington Post The strongest, most dangerous hurricanes are now far more likely because of climate change, study shows, Bloomberg Battle over world’s biggest wind turbine is heating up, Wall Street Journal To avoid coronavirus risks, these people live where they work. Newsom uses executive orders to press climate change agenda as California burns, California GOP gets Trump to budge on wildfire disaster aid, NuScale's small nuclear reactor project gets shot in the arm from Trump administration, Daily on Energy: Biden dances around Green New Deal. Hurricane Marco made landfall on August 24 and was still dissipating as Hurricane Laura passed through the region. In total, 91.53% of all oil production—or about 1.7 million bpd--has been shut in, along with 61.82% of all gas production. Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. [4], "Hurricane Katrina Evacuation and Production Shut-in Statistics Report as of Tuesday, August 30, 2005", "Oklahoma will let struggling oil producers halt output without breaking contracts", https://en.wikipedia.org/w/index.php?title=Shut-in_(oil_drilling)&oldid=952512158, Creative Commons Attribution-ShareAlike License, Check that Wiktionary does not have an article on this word or phrase, as, This page was last edited on 22 April 2020, at 16:46. “It will help some companies stave off bankruptcy, but we really need to see $45 oil to stabilize the industry.”, Ron Ness, president of the North Dakota Petroleum Council, said most producers in the Bakken can't break-even at $30 oil either, although he called the recent price increase “a step in the right direction.”, “$30 per barrel oil doesn't cut it,” Ness said. At its peak, Laura forced the evacuation of all 16 dynamically positioned drilling rigs, 11 of the 12 positioned drilling rigs moored to the seafloor, and nearly half of the 643 offshore production platforms operating in the Federal Offshore Gulf of Mexico. Shares of energy companies rose alongside oil futures, as Hurricane Delta strengthened into a Category 2 hurricane, and headed for Louisiana. Most companies won't restore production from shut-in wells unless oil prices stayed above $35 per barrel for more than a month, he said. The Senate Energy and Natural Resources Committee holds a hearing to consider the nomination of Mark Menezes to be deputy secretary of the Energy Department. Click on Contact at the top of the page. Schlumberger Books Third Loss This Year As Oil Crisis Bites. Please, Dakota Access Oil Pipeline Clears Hurdle To Doubling Capacity, Argentina Looks To Attract $5B Investment To Boost Shale Gas Production, Canada Government Invests In Mini Nuclear Reactors, Libya’s Oil Production Jumps To 500,000 Bpd After Biggest Field Restarts, Alberta To Restart Oil Lease Sales Despite Crisis, Philippines Lifts Ban On Oil Exploration In South China Sea, Nigerian State Oil Firm Says It Slashed Losses In Rare Financial Release, OPEC Chief Assures Markets That Oil Prices Won’t Crash Again, Russian Oil Companies Plan Significant Drilling Cuts For 2021, Bigger Than Expected Crude Inventory Draw Boosts Oil Prices, EU May Set Binding Standards For Methane Emissions, China’s New Refineries Are Embarking On A Crude Buying Spree, Norway’s Serious Oil, Gas Incidents Surge During Pandemic, Turkey Resumes Oil, Gas Survey In Eastern Mediterranean, Indian Fuel Demand Bounces Back Ahead Of Festive Season, U.S. Shale Production Set To Drop Next Month, Saudi Aramco Discusses $10 Billion Pipeline Sale, Iraq Discusses Gas Investment At Its Largest Oilfield With BP, UAE Says OPEC+ Set To Ease Oil Production Cuts As Planned, Iraq Proposes New Jointly Managed Oil Company For Kurdistan, Investment Funds Representing $20 Trillion In Assets Urge Carbon Cuts, China Books 12.7% Rise In Oil Imports Jan-Sept, Electric Vehicle Market Hits New Milestone, India’s Diesel Demand Struggles To Recover, Gazprom Expects Gas Glut In Europe Will Continue In 2021, EU Targets Emission Savings From Buildings, OPEC’s No.2 Expects Another Weak Quarter Of Oil Prices, Turkey’s Black Sea Gas Discovery May Be Bigger Than Thought, Norway’s Oil Strike Could End As Soon As Friday, Air Travel Collapse Makes Oil Hedges More Expensive, More Than 90% Of Gulf Of Mexico Oil Production Shut In As Hurricane Approaches, Venezuela Restarts Crude Blending Operations As Upgraders Return Online, Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd, Shell Shuts All 9 Of Its Gulf Of Mexico Oil Platforms Ahead Of Hurricane, Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO, America Could Go Fully Electric Right Now. Crude oil production typically resumes a few days after a tropical cyclone makes landfall, but in some cases, production can remain offline for months. EU Lawmakers: Fossil Fuels Have No Place In EU Recovery Fund, Tesla Model 3 Price Drops By $3,300–3,700 In Norway, The Loophole the Auto Industry Uses in the EU to Evade the Emission Rules, Tesla Model 3 Gets More Range, New Trim, Power Lift Trunk, Heat Pump, & More, LeasePlan Asks Customers To Please Stop Leasing Plugin Hybrid Company Cars, CalSEED Awards $4.2 Million To Young Cleantech Companies, World’s Largest Solar PV Plant Connected To Grid With Help Of Huawei Smart PV Solution, 130+ Applications Submitted To AFSIA Solar Awards 2020, Iberdrola Developing Its 1st Solar–Wind Hybrid Plant In Australia. Coal is essential to secure the U.S. electricity grid from blackouts, but federal policies still don’t reflect the grid resilience value of the resource, he told Abby in a recent interview. Pipeline companies that purchase crude, however, are reporting higher shut-in numbers, Morse said.

[3], In April 2020, as a result of oil futures trading negative, Oklahoma and New Mexico voted to allow wells to shut-in in order to reduce production to combat oversupply. More than 90% of all oil production in the U.S. Gulf of Mexico has been shut in ahead of the latest hurricane set to rip through offshore oil country ELECTRIC CAR SALES TO DIP 18% THIS YEAR: The coronavirus pandemic will interrupt a 10-year streak of electric vehicle growth, but it won’t change the long-term outlook, according to new research from BloombergNEF. GLOBAL EMISSIONS DECLINES REACHED 17% AT PEAK OF PANDEMIC: Global greenhouse gas emissions declined 17% on a daily basis during the peak of confinement measures related to the coronavirus, while U.S. emissions fell even more — 32% — researchers projected Tuesday. BNEF analysts project electric vehicles will account for 58% of all new passenger car sales in 2040 and will be nearly a third of the entire global car fleet. Advertise with CleanTechnica to get your company in front of millions of monthly readers. If Wiktionary has a definition already, change this tag to {{TWCleanup2}} or else consider a soft redirect to Wiktionary by replacing the text on this page with {{Wi}}. October 2nd, 2020 by U.S. Energy Information Administration by U.S. Energy Information Administration, October 2nd, 2020 by U.S. Energy Information Administration, Source: U.S. Energy Information Administration, based on data from the Bureau of Safety and Environmental Enforcement. This may be part of an attempt to constrict the oil supply or a necessary precaution when crews are evacuated ahead of a natural disaster. Crude oil production typically resumes a few days after a tropical cyclone makes landfall, but in some cases, production can remain offline for months. Hurricane Marco made landfall on August 24 and was still dissipating as Hurricane Laura passed through the U.S. Gulf Coast region. News is published on CleanTechnica.com, while reports are published on Future-Trends.CleanTechnica.com/Reports/ and buying guides are here. For example, Plains All American Pipeline, in an earnings call flagged by Bloomberg’s Javier Blas, said shut-ins in North America have peaked as high as 4 million barrels per day. The Business Council for Sustainable Energy hosts a webinar on long-term trends in clean energy and the effects of COVID-19. That includes Russia, which Morse said “no one” would have expected considering Moscow has flouted its production target in previous OPEC+ agreements. Hurricane Laura, which stormed through the U.S. Gulf of Mexico at the end of August, forced shut-ins of an estimated 14.4 million barrels of crude oil during the two weeks of shut-down rigs—the largest production loss from a hurricane in the Gulf since Hurricanes Gustav and Ike in 2008, the Energy Information Administration (EIA) said on Friday. The oil output shut-in stood at 1.558 million barrels per day (bpd), and the gas output shut-in was at 1.65 billion cubic feet daily. The Senate Environment and Public Works Committee holds an oversight hearing with EPA Administrator Andrew Wheeler. If signing up doesn’t work, shoot us an email, and we’ll add you to our list. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database.



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