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Here is a recap oil and gas market hits and misses for the week ending Feb. 19, 2021.

Why The Texas Power Grid Crashed Leaving 4 Million Without Electricity Why The Texas Power Grid Crashed Leaving 4 Million Without Electricity The immediate question facing the Texas power sector is whether its participants are willing to pay for winterization measures that are common farther north, even for a once-in-a-decade spell of weather. Updated: February 17, 2021 9:34 am IST Four million Texans have been without power after the grid crashed When it gets really cold, it can be hard to produce electricity, as customers in Texas and neighboring states are finding out. But it's not imp...

The Texas grid got crushed because its operators didn’t see the need to prepare for cold weather Will Englund Replay Video UP NEXT When it gets really cold, it can be hard to produce electricity, as customers in Texas and neighboring states are finding out. But it’s not impossible. Operators in Alaska, Canada, Maine, Norway and Siberia do it all the time. What has sent Texas reeling is not an engineering problem, nor is it the frozen wind turbines blamed by prominent Republicans. It is a financial structure for power generation that offers no incentives to power plan...

Here is a recap oil and gas market hits and misses for the week ending Jan. 22, 2021. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) In this look back at the week’s hits and misses in the oil and gas markets, one of Rigzone’s regular market-watchers discusses encouraging signs from major players in the oilfield services (OFS) sector. Moreover, he offers his take on which of the top OFS companies appears most optimistic about business conditions in 2021. Keep reading for details o...

By: Amy Slanchik TULSA, Okla. - President-elect Joe Biden is indicating he plans to cancel the Keystone XL pipeline permit on his first day in office, according to a Canadian Broadcasting Corporation report.  A map from TC Energy shows both the existing Keystone Pipeline system and the proposed Keystone XL Pipeline, which is shown with a dotted line. Experts said completing the Keystone XL Pipeline would mean an additional 800,000 barrels of oil coming into the United States every day.  "I think from a national perspective, I think this is a mistake to not let the pipeline be built,” To...