natural gas upstream operations
Resource plays lead London market higher after 3-day break
U.K. stocks returned on Tuesday from a three-day break with strong gains, as commodity plays surged, with oil prices at a more than two-year high. Miners including Rio Tinto RIO, +3.76% and Anglo American AAL, +4.50%, and energy producers BP BP, +2.17% and Royal Dutch Shell RDSB, +1.73%, helped the FTSE 100 UKX, +1.12% jump …
Natural-Gas Drillers Outshine Oil Peers as Covid-19 Surges
A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as renewed concerns about the coronavirus pandemic are weighing down crude prices. But gas-focused drillers are …
Saudi Oil Stranded in Supertankers as Backlog Piles Up
Saudi Arabia’s oil-price war with Russia flooded the market with crude. Now, with demand having dried up and buyers hard to find, the kingdom is resorting to storing much of it at sea. At least one in 10 supertankers around the world is serving as a floating oil storage facility, Saudi oil officials say. With …
Companies Dust Off Old Technology in Search of High-Quality Recycled Plastic
Big makers and users of plastic packaging are betting on a recycling technology that has failed for decades to take off, as a public backlash and new rules push them to find ways to cut waste and greenhouse-gas emissions tied to plastic. Plastic makers like BP PLC and Dow Inc., and packaging users like Coca-Cola …
Pelican Energy Invests in Oil-field Safety Technology
Pelican Energy Partners has invested in Shepherd Safety Systems LLC, betting the provider of hazardous-gas monitoring systems can expand even as demand for energy services slows. Shepherd develops technologies that enable energy companies to remotely monitor the levels of hydrogen sulfide, or H2S—a potentially lethal gas—present in their operations. The gas often seeps from oil …
Drone Strikes Spark Fires at Saudi Oil Facilities
Drone strikes caused fires that raged at two facilities of Saudi Arabia’s vast state oil company, the country’s interior ministry said, in what Yemen’s Houthi rebels described as one of their largest-ever operations inside the kingdom. The strikes mark the latest in a series of attacks on the country’s petroleum assets in recent months, as …
