Archive for August, 2017

Icy Antarctica air reveals human-made methane levels higher than previously believed

Icy Antarctica air reveals human-made methane levels higher than previously believed

Scientists say global warming could release methane from ancient carbon reservoirs such as permafrost In 2011 a team of researchers led by Vasilii Petrenko, an assistant professor of Earth and environmental sciences at the University of Rochester, spent seven weeks in Antarctica collecting and studying 2,000-pound samples of glacial ice cores that date back nearly 12,000 years, […]

By August 28, 2017 0 Comments Read More →
Hurricane Harvey drops oil prices down, boosts gasoline

Hurricane Harvey drops oil prices down, boosts gasoline

Oil prices fall despite disruption in Libyan production of nearly 400,000 b/d Massive flooding on the US Gulf Coast caused by Hurricane Harvey has forced the closure of a number of refineries in the area, boosting gasoline prices and pummelling oil prices, specifically US crude oil futures. As of 1:17 p.m. EDT, US WTI was down […]

By August 28, 2017 0 Comments Read More →
Hurricane Harvey wallops US oil hub with high winds, rain

Hurricane Harvey wallops US oil hub with high winds, rain

Hurricane Harvey made landfall between Port Aransas and Port O’Connor, Texas Hurricane Harvey continues to plague the Texas coast, forcing thousands of people from their homes, shutting down export facilities and possibly damaging oil refineries. Harvey is the strongest hurricane to hit the Lone Star State in over 50 years.  It made landfall between Port […]

By August 28, 2017 0 Comments Read More →
The future of the land rig – Westwood Global

The future of the land rig – Westwood Global

Rig and crew services remain highly-significant part of supply chain By Steve Robertson, Head of Research, Global Oilfield Services, Westwood Global Energy Group Land rigs – a fragmented, undisciplined, commoditised market? Why would rig contractors and E&P companies buy land rigs when oil prices are at recent historic lows, E&P firms are reigning-in Capex and there […]

By August 28, 2017 0 Comments Read More →
UK to begin testing of self-driving truck platoons

UK to begin testing of self-driving truck platoons

Truck platoons tests begin on UK public roads in 2018 In 2018, the British government will begin testing self-driving lorry platoons on public roads in the UK. The lineup of wirelessly linked trucks will be shepherded on UK motorways by a lead vehicle driven by a human. “We’re going to build a system that’s robust […]

By August 25, 2017 0 Comments Read More →
Magnesium battery breakthrough could lead to longer EV range – Univ. of Houston

Magnesium battery breakthrough could lead to longer EV range – Univ. of Houston

Aim is to create higher-energy batteries at a lower price, especially for electric vehicles Magnesium batteries offer promise for safely powering modern life – unlike traditional lithium ion batteries, they are not flammable or subject to exploding, but their ability to store energy has been limited, according to a press release. Researchers reported Aug. 24 […]

By August 25, 2017 0 Comments Read More →
Oil prices rise on falling US dollar, rig count and Hurricane Harvey shutdowns

Oil prices rise on falling US dollar, rig count and Hurricane Harvey shutdowns

Oil prices up slightly on Friday Oil prices rose on Friday on a falling US dollar, declining rig count and concerns over Hurricane Harvey’s impact on US Gulf Coast refining and oil operations. By 1:47 p.m. EDT, Brent crude was up 14 cents to $52.18/barrel and US WTI rose by 26 cents to $47.69/barrel. Hurricane […]

By August 25, 2017 0 Comments Read More →
Doing more with less: Increased energy efficiency could lower energy demand in Canada

Doing more with less: Increased energy efficiency could lower energy demand in Canada

Canada’s energy demand to grow at average annual rate of 0.7% According to the International Energy Agency, approximately two-thirds of economically feasible global energy efficiency measures have not been implemented. If Canada were to pursue energy efficiency improvements more aggressively, it could reduce its energy consumption by up to 15 per cent by 2035, according to […]

By August 25, 2017 0 Comments Read More →
Hurricane Harvey headed for Gulf of Mexico region with significant oil/gas infrastructure

Hurricane Harvey headed for Gulf of Mexico region with significant oil/gas infrastructure

Texas Gulf Coast home to nearly one-third of U.S. refining capacity Hurricane Harvey strengthened to a Category 1 hurricane Thursday afternoon and is currently forecast to make landfall over southeast Texas later today or early Saturday, according to the U.S. Energy Information Administration. The National Oceanic and Atmospheric Administration (NOAA) expects Hurricane Harvey to continue to […]

By August 25, 2017 0 Comments Read More →
Trump administration bars new financial deals with PDVSA

Trump administration bars new financial deals with PDVSA

PDVSA oil exports, imports OK On Friday, the Trump administration slapped financial sanctions on Venezuela in an effort to pressure the government of President Nicolas Madura to stop practices and policies that the US says enriches and rewards corrupt government officials. The White House accuses Venezuelan government officials of “opaque financing schemes and liquidating the […]

By August 25, 2017 0 Comments Read More →