Archives for May 2020
5 offshore Shell workers test postive for coronavirus, airlifted for treatment
Seven of the nine workers have been airlifted to hospitals on shore; the other two will be transported later Thursday, the report said. Source: FuelFix
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U.S. oil production will not return to pre-coronavirus levels until next year
U.S. oil production is expected to bottom out in June and not recover to pre-coronvarius pandemic levels until late 2021, a new report from the Norwegian energy research firm Rystad Energy shows. Source: FuelFix
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Report: Crude oil storage expected to peak in second quarter
Crude oil being held in storage tanks is expected to peak in second quarter before coronavirus shutdown orders ease and demand increases again. Source: FuelFix
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NextDecade pushes back financial decision on Rio Grande LNG
Houston liquefied natural gas company NextDecade has pushed back a final investment decision by at least a year for its Rio Grande LNG export terminal at the Port of Brownsville. Source: FuelFix
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Survey: 20% of energy workers would take unpaid leave than return to office now
More than 70 percent of energy workers surveyed said they would like to continue working from home. Source: FuelFix
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