Archive for December, 2015
Corrib, Irish offshore gas field, began producing on Wednesday
Corrib offshore project a joint venture between Shell, Statoil, Vermilion Energy CALGARY _ Vermilion Energy (TSX:VET) of Calgary says the Corrib offshore natural gas in Ireland began producing for the first time on Wednesday. “First gas marks an important milestone for Vermilion” said Lorenzo Donadeo, CEO of Vermilion. The Calgary-based company expects output to rise […]
Sales of natural gas vehicles expected to exceed 35 Million from 2015 to 2025
The majority of natural gas vehicles will run on compressed natural gas, report finds Compressed natural gas vehicles are stuck in the classic chicken and egg dilemma: Transportation companies won’t buy CNG trucks without more refueling stations, but a much higher population of CNG trucks is required to justify investing in the refueling stations. Despite this […]
Oman budget: Taxes, gasoline prices to be raised due to low oil prices
Oman budget shortfall in 2016 DUBAI, United Arab Emirates _ Oman is going to cut government spending and also raise taxes and gasoline prices to cover an anticipated budget shortfall in the coming year. That’s according to a statement Wednesday from Oman’s Council of Ministers. The council’s statement, carried by the state-run Oman News Agency, […]
Jericho Oil raising $6.929 million for Central Oklahoma wells, acreage
Jericho Oil looking to raise money to fund acquisition of producing wells and prospective acreage in Oklahoma Jericho Oil Corporation has announced it is proceeding with a non-brokered private placement of approximately 17,323,610 units at a price of $0.40 per unit to raise total gross proceeds of approximately $6.929 million. Each unit will be comprised […]
Midland/Odessa housing market hammered along with oil, gas economy
Overall, Texas housing market still favors sellers, especially in major metro economies Housing markets are slumping in communities that were recently flush from the US shale oil fracking boom, especially the the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston, as well as North Dakota, epicenter […]
City of Houston green power increases in 2016
Houston green power amounts to 950,000 MWh HOUSTON _ The City of Houston will become the largest municipal purchaser of renewable power in the United States in 2016. On Tuesday, the City announced it is signed an agreement with Reliant Energy to increase its purchase of renewable power through at least June 2016. The City reports […]
Low prices change how Alberta oil sands developed – IHS study
Future oil sands growth driven by expansion of existing production rather than new “greenfield” projects While the Alberta oil sands grew rapidly over the past 15 years and became a major source of global supply growth, lower oil prices could change the competitive position for new investments going forward, according to a new study from IHS (NYSE: […]
Coal mine deaths near all-time low in 2015
11 coal mine deaths reported in 2015 LOUISVILLE, Ky. _ Amid layoffs and idled operations, the U.S. coal industry is close to setting a record low for on-the-job deaths in coal mines. In late December, there were 11 coal mine deaths nationwide for the year, putting the industry on track to best the record low […]
Legislators debate US Virgin Islands oil refinery deal with US equity firm
US Virgin Island oil refinery closed in 2012 CHARLOTTE AMALIE, Virgin Islands _ Legislators in the U.S. Virgin Islands are debating an $800 million deal that would allow a Boston-based equity firm to operate what was once the world’s largest oil refinery. Senators met Tuesday to discuss whether the Hovensa oil storage facility in St. Croix […]
Porter Ranch ‘catastrophe’ caused by leaking natural gas storage cavern
Well SS-25, one of 115 on site, confirmed as source of leak, which started in Oct. Southern California Gas Co. officials say they have pinpointed the specific well that for weeks has spewed noxious odours into upscale Los Angeles neighborhood Porter Ranch, prompting thousands of people to leave their homes over the holidays. The utility […]
Connect
Connect with us on the following social media platforms.