hevron has hired an investment bank to find buyers for assets worth $879 million. It has also earmarked another $200 million worth of Permian fields for sale, sources told the media outlet.

A U.S House of Representatives Democrat introduced a bill on Thursday authorizing $8 billion to plug and clean up abandoned oil wells nationwide, a measure aimed at creating jobs for oil and gas workers and reducing climate-warming emissions.

Western Canadian Select at Hardisty, Alberta, was assessed at $60.01/b July 2, the highest assessment since Nov. 14, 2014.

America’s solar industry installed slightly more than 5 GW of photovoltaic capacity in the first three months of 2021. This represents a record for the first quarter and is 46% higher than the same period in 2020.

China’s natural gas demand will continue to expand over the next 10-15 years in line with the country’s target for emissions to peak by 2030, according Chinese gas industry officials.

The U.S. Energy Information Administration reported that 2 petroleum liquids pipeline projects have been completed so far in 2021 and 17 more have been announced or are currently under construction.

European gas inventories are the lowest in more than a decade for this time of year, with the region’s benchmark surging to the highest in almost 13 years, while rates in the U.S. and Asia have jumped to the highest seasonal level in years.

After an 85% tumble in the number of crews completing wells during the depths of the pandemic, the figure has steadily recovered over the past year. It now stands at 235, up from 45 on May 22, 2020.

U.S. Interior Secretary Deb Haaland told Congress that the Biden administration currently has no plan to permanently ban new oil and gas drilling on federal land. Haaland added that the Interior would soon release a report assessing the future of the federal oil and gas leasing program, Reuters said in…