Archive for November, 2016

Texas oil and gas production statistics for Sept 2016

Texas oil and gas production statistics for Sept 2016

Texas preliminary Sept. crude oil production averaged 2,380,134 b/d Production for Sept. 2016 as reported to the Railroad Commission of Texas is 71,404,018 barrels of crude oil and 561,242,466 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by operators and will […]

By November 30, 2016 0 Comments Read More →
US EIA data likely to show crude stocks falling 250,000 barrels

US EIA data likely to show crude stocks falling 250,000 barrels

Crude oil storage in the US is profitable again Wednesday’s pivotal OPEC ministerial meeting could overshadow the release of weekly US inventory data that same day; however, a large enough change in US petroleum stocks could inject additional volatility into a market already on edge, according to an S&P Global Platts preview of this week’s […]

By November 30, 2016 0 Comments Read More →
Is Prime Minister Sunny Ways ready to play rough over Kinder Morgan pipeline?

Is Prime Minister Sunny Ways ready to play rough over Kinder Morgan pipeline?

Justin Trudeau will try charm, but if anti-Trans Mountain protests escalate, Vancouver well see another side of Prime Minister Tuesday afternoon, Prime Minister Justin Trudeau green lighted two pipeline projects, but Canadians are talking about only one: Trans Mountain Expansion from Alberta to the West Coast. Will the controversial pipeline get built? This past summer, I […]

By November 29, 2016 3 Comments Read More →
Officials hope to quell Dakota Access pipeline protests with fines

Officials hope to quell Dakota Access pipeline protests with fines

Dakota Access pipeline protesters remain at camp By Terray Sylvester CANNON BALL, N.D., Nov 29 (Reuters) – North Dakota officials on Tuesday moved to block supplies from reaching Dakota Access Pipeline protesters at a camp near the construction site, threatening to use hefty fines to keep demonstrators from receiving food, building materials and even portable bathrooms. Activists have […]

By November 29, 2016 0 Comments Read More →
Baker Hughes to form fracturing company with Goldman Sachs, CSL Capital

Baker Hughes to form fracturing company with Goldman Sachs, CSL Capital

Baker Hughes will own 46.7 per cent of company Nov 29 (Reuters) – Baker Hughes Inc said it has reached an agreement with CSL Capital Management and Goldman Sachs Group Inc’s merchant banking division to create a hydraulic fracturing company in which Baker Hughes will own a 46.7 per cent stake. Under terms of the […]

By November 29, 2016 0 Comments Read More →
Canada approves Trans Mountain, Line 3 pipeline proposals

Canada approves Trans Mountain, Line 3 pipeline proposals

Greens ready to fight Trans Mountain pipeline By David Ljunggren and Leah Schnurr OTTAWA, Nov 29 (Reuters) – Canada on Tuesday approved Kinder Morgan Inc’s hotly contested plan to twin a pipeline from the Alberta oil sands to the Pacific coast, setting up a battle with environmentalists who helped elect Prime Minister Justin Trudeau. The government, […]

By November 29, 2016 5 Comments Read More →
Officials back away from blockade plans for Dakota Access pipeline protesters

Officials back away from blockade plans for Dakota Access pipeline protesters

North Dakota government had planned to block supplies to Dakota Access pipeline protesters By Terray Sylvester CANNON BALL, N.D., Nov 29 (Reuters) – North Dakota state officials on Tuesday backed away from plans to block supplies from reaching protesters at a camp near the construction site of the Dakota Access Pipeline project after the governor’s office said […]

By November 29, 2016 0 Comments Read More →
China wind, hydro energy get $174 billion investment from in next five years – NEA

China wind, hydro energy get $174 billion investment from in next five years – NEA

China wind industry will provide 300,000 new jobs by 2020 BEIJING, Nov 29 (Reuters) – China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would […]

By November 29, 2016 0 Comments Read More →
Trudeau set to unveil major Canadian pipeline decisions on Tuesday

Trudeau set to unveil major Canadian pipeline decisions on Tuesday

Canadian pipeline decisions could be politically damaging OTTAWA, Nov 29 (Reuters) – Canada will announce decisions on new pipelines on Tuesday that could clear Kinder Morgan Inc’s hotly contested plan to double the capacity of its Trans Mountain project but reject Enbridge Inc’s Northern Gateway. Canadian Prime Minister Justin Trudeau is set to reveal his […]

By November 29, 2016 0 Comments Read More →
Asian oil buyers may shop elsewhere as OPEC deal, price hike looms

Asian oil buyers may shop elsewhere as OPEC deal, price hike looms

Asian oil buyers look to Alaska, North Sea, Azerbaijan for cheaper crude By Henning Gloystein and Yuka Obayashi SINGAPORE/TOKYO, Nov 29 (Reuters) – For the first time since 2008, OPEC is set to strike a deal to cut oil output that may boost prices. It may also give itself a bloody nose in the East, […]

By November 29, 2016 0 Comments Read More →