FRANKFURT, Germany (AP) — Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on whether to extend output cuts into next year. The OPEC nations, led by Saudi Arabia, will reconvene Tuesday, according to a short statement from the cartel’s Vienna headquarters. The talks will include additional members from a …

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s energy minister said Monday that global energy producers have the ability to tweak an agreement on production cuts that could be extended through the end of 2022, signaling the anticipation of continued weakened demand for oil as the coronavirus pandemic peaks again in Europe and the United States “OPEC has been and …

(AP) —  Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,” Biden said in the presidential debate’s closing minutes …

Like a phoenix rising, a popular Hobbs eatery will be reopening soon. Furr’s Buffet closed in the spring when all eateries in Hobbs shuttered their doors in response to the ongoing novel coronavirus pandemic. When it didn’t reopen as other restaurants received permission from the state to do so, there was speculation it might not. But in stepped Loi Tran, …

The New Mexico Oil and Gas Association (NMOGA) released a new report last week showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs while adding $16.6 billion to New Mexico’s economy in 2018. According to the analysis, the industry accounted for 12% of statewide employment and 16% of the state’s economy. The report was prepared by …

Oil and gas activity continued to drop last quarter, although at a slower rate, according to a survey of executives in the oil and gas industry. Dallas Federal Reserve analysts last week released the Dallas Fed Energy Survey for the third quarter of 2020 after receiving responses from 166 oil and gas industry executives, both in the production and exploration …

LONDON (AP) — Energy producer Royal Dutch Shell said Wednesday it’s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic. The company said around 1,500 employees have already agreed to take voluntary redundancy this year and that it’s …

LONDON (AP) — Energy producer Royal Dutch Shell said Wednesday it’s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic. The company said around 1,500 employees have already agreed to take voluntary redundancy this year and that it’s …