Category: Commercialization

August 4, 2020

BP’s eagerness to sell its Alaskan business reflects a broader shift. According to The Economist, the oil industry faces a basic problem. If the price of Brent crude, the global benchmark, surpassed $100 a barrel, about 90% of the world’s […]

July 29, 2020

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were […]

July 27, 2020

CW Petroleum Corp (CWPE) has recently engaged a major investment bank to raise a combination of debt and equity to expand the company’s business in the United States. CWPE has also entered into discussions with a top 10 convenience store […]

July 21, 2020

BJ’s Wholesale Club, a leading warehouse club operator in the Eastern United States, will open at the end of this month its newest BJ’s Gas location in Chesterfield, Michigan. The new BJ’s Gas station in Chesterfield marks the 147th location […]

July 7, 2020

The more we advance in technology and engineering, the larger the scope of product development. Over time, Joseph Group has expanded their products and services line to offer more than just the typical petrol station branding. Putting into work its […]

July 2, 2020

MAPCO, a convenience-store chain with 344 locations throughout the Southeastern region of the United States, has launched a new mobile app with a catalogue of rewards and the ability to pay directly through the app in an effort to make […]

July 1, 2020

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the […]

June 30, 2020

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after […]

June 30, 2020

Earlier in June, while trying to locate the successor to a longtime employee at Chesapeake Energy on behalf of a client, I asked a friend at another energy company if he knew whom I should contact. “I don’t know,” he […]

June 23, 2020

U.S. benchmark West Texas Intermediate (WTI) is over $40 a barrel, a price level it has struggled to surpass in the past. The uptick is the result of investor enthusiasm over the fact that global oil supply is still under […]

June 16, 2020

Oil and gas markets have always been volatile. Prices went up, prices went down — sometimes violently — and when they did, fortunes were made and lost. The industry learned to live with volatility, confident that when the market went […]

June 15, 2020

Energy giant BP announced Monday it had lowered its oil price expectations through to 2050, saying the aftermath of the coronavirus pandemic was likely to accelerate the transition to a lower carbon economy and energy system. The U.K.-headquartered oil and […]

June 12, 2020

The crash in oil prices and collapse in drilling (especially in the U.S. shale sector) has caused many observers to warn that insufficient investment will lead to another supply shortfall and price spike. This is certainly possible but fears that […]

June 10, 2020

Oil and gas stocks are defying the odds. The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns about oversupply. That’s more than triple […]

June 9, 2020

Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July. “With oil now […]