Archive for September, 2016
Sales tax revenues grow 65% in Utica Shale Counties: EID Report
Counties with shale development had 65% sales tax revenue boost, while counties without had 37% increase by Jackie Stewart, EnergyInDepth Since Utica Shale development took off in 2011, companies have been investing a tremendous amount of capital in eastern Ohio. Billions of dollars have been spent developing well sites, creating much-needed infrastructure, standing up regional […]
Researchers discover more efficient way to split water, produce hydrogen
Researchers say inexpensive, nontoxic catalyst could help reduce global reliance on fossil fuels Hydrogen is often considered a fuel for the future, in the form of fuel cells to power electric motors or burned in internal combustion engines, according to researchers at University of Houston. But finding a practical, inexpensive and nontoxic way to produce […]
Ireland’s Atlantic Margin attracts Majors interest
Success seen elsewhere on the Atlantic Margin is promising, Ireland now needs proven commercial discoveries The latest licensing round for Ireland’s Atlantic Margin has attracted the interest of the Majors, according to Wood Mackenzie. And it saw the largest number of awards made yet, with 28 licensing options awarded to a total of 17 companies. […]
Approval for LNG signals stronger energy future for Canada and world: CAPP
Canada’s LNG plays a vital role in world’s higher-energy, lower-impact future CALGARY, ALBERTA – The Government of Canada’s approval of the Pacific Northwest liquefied natural gas (PNW LNG) project will open Canadian energy to new global markets, striking a balance between growing the national prosperity generated by Canada’s energy sector while delivering on government’s commitment to […]
US diesel demand set to rise as freight, oil drilling pick up: Kemp – Reuters News
Diesel consumption forecast to increase 80,000 b/d, over 2%, in 2017, as a result of a colder winter and freight growth LONDON, Sept 27 (Reuters) – Freight movements across the United States are showing signs of sustained growth for the first time in 18 months, which should support increases in diesel consumption in 2017. Freight volumes hit a record […]
China to account for 50% world growth in nuclear power through 2040
Nuclear power growth in China, India to continue through 2040, with China dominating growth EIA’s International Energy Outlook 2016 (IEO2016) projects that total global nuclear generation will increase by 73 per cent through 2040, from 2.6 trillion kilowatthours in 2015 to 4.5 trillion kilowatthours in 2040, according to the US Energy Information Administration. Countries that are not a part […]
How the Trudeau government tore up the rulebook on pipelines
Justin Trudeau’s Liberal government is scrapping years’ worth of Harper-era strategy on getting pipeline deals done. Will it work? Published in Canadian Business by Markham Hislop When Justin Trudeau’s Liberals won an unexpected majority government last October, Canadian First Nations and environmentalists cheered, while oil and gas executives groaned. The new prime minister banned oil […]
Oil services firm Weatherford to pay $140 million for accounting fraud
Weatherford fraudulently lowered the year-end sum it set aside for income taxes each year by $100 million to $154 million By Suzanne Barlyn (Reuters) – Oil services company Weatherford International LLC has agreed to a $140 million penalty to settle charges it inflated its earnings by using deceptive income tax accounting, the U.S. Securities and […]
Saudis, Iran dash hopes for OPEC oil deal in Algeria
Several sources said Algeria and Qatar were also talking to Iran in a bid to rescue a deal By Rania El Gamal, Alex Lawler and Vladimir Soldatkin ALGIERS (Reuters) – Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the […]
Oil prices fall as hopes for a deal in Algiers fade
US investment bank Goldman Sachs cut its price forecast for WTI crude in the fourth quarter to $43 a barrel By Libby George and Swetha Gopinath LONDON (Reuters) – Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply […]
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