Archive for April, 2017

MEDIA KIT – NORTH AMERICAN ENERGY NEWS INC.

MEDIA KIT – NORTH AMERICAN ENERGY NEWS INC.

Our readership is well educated, well off, and well informed Markham On Energy is the #1 reason why your business or organization should advertise with North American Energy News. On average, each month 50,000 people – and that number is growing steadily – read Markham Hislop’s column for interviews and analysis they won’t find anywhere else. […]

OPEC output cuts to be extended to year end: OPEC panel recommendation

OPEC output cuts to be extended to year end: OPEC panel recommendation

OPEC output cuts compliance at 98 per cent in March The OPEC and non-OPEC Joint Technical Committee (JTC) has recommended that the OPEC output cuts that began in January and were to end in June be extended to the end of the year, according to a Reuters’ source. Last January, a number of OPEC and non-OPEC […]

By April 21, 2017 0 Comments Read More →
US rig count up for 14th straight week, more than double this time last year

US rig count up for 14th straight week, more than double this time last year

US oil rig count up to 688, highest since April, 2015 Baker Hughes reported on Friday that the US rig count increased for the 14th straight week, building on an 11-month recovery that is expected to see a continued boost in US shale production. More than doubling the 343 active rigs recorded at this time last […]

By April 21, 2017 0 Comments Read More →
Schlumberger: Reactivation costs will likely squeeze margins

Schlumberger: Reactivation costs will likely squeeze margins

Schlumberger re-hiring employees, bringing equipment back online To meet growing demand from US shale producers, Schlumberger is re-hiring employees and reviving equipment that had been left dormant when oil prices dropped in 2014. On Friday, the company’s CEO warned that the renewed activity comes with increased costs, according to a report by Reuters. “We will have some headwinds […]

By April 21, 2017 0 Comments Read More →
New report examines costs to US industrial sector of Obama’s Paris pledge

New report examines costs to US industrial sector of Obama’s Paris pledge

Hardest hit sectors would be iron and steel WASHINGTON, DC – Meeting the commitments President Obama made as part of the Paris climate accord could cost the US economy $3 trillion and 6.5 million industrial sector jobs by 2040, according to a comprehensive new study prepared by NERA Economic Consulting. The study was commissioned by […]

Western Energy demands $20 million termination fee from Savanna Energy

Western Energy demands $20 million termination fee from Savanna Energy

Demand for payment provides Savanna with 5 business days to pay termination fee Western Energy Services Corp.  announced it issued a formal demand for payment to Savanna Energy Services Corp. for payment of a termination fee in the amount of $20,000,000 in respect of the arrangement contemplated by between Western and Savanna, according to a Western […]

API gravity of crude oil produced in US varies widely across states

API gravity of crude oil produced in US varies widely across states

EIA collected two years of API gravity data through monthly survey of operators in major oil-producing states API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude streams for processing into petroleum products, according to the US […]

#ExxonKnew campaign claims global warming caused Exxon valdez spill

#ExxonKnew campaign claims global warming caused Exxon valdez spill

Exxon Valdez is most studied industrial incident to date, no study on Valdez spill and climate change by Katie Brown, PhD, EnergyInDepth How irrelevant and desperate has the #ExxonKnew campaign become? Well, they’re now claiming that global warming caused the 1989 Exxon Valdez spill, and that Exxon should have known it would happen. The claims […]

Community “disgusted” as Columbus teachers force pre-K students to protest Wayne fracking

Community “disgusted” as Columbus teachers force pre-K students to protest Wayne fracking

by Jackie Stewart, EnergyInDepth After the Columbus Dispatch exposed how teachers at Little Dreamers, Big Believers daycare forced preschool children to submit public comment to protest fracking around the Wayne National forest, criticism from the community has come pouring in. According to the Columbus Dispatch, the teachers told  children to make drawings of their opposition […]

US natural gas inventories end heating season above 5-year average

US natural gas inventories end heating season above 5-year average

Natural gas consumption in residential, commercial, and industrial sectors remained relatively unchanged Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15 per cent above the five-year average according to EIA’s Weekly Natural Gas Storage Report. The total inventory of US […]