How low can the costs of US shale oil production go? By Ross McCracken, Platt’s Managing editor, Energy Economist Even with oil prices hovering around the $50/b mark, the US rig count has increased rapidly while E&P companies continue to record substantial reductions in well drilling costs. The increase in new well oil production per rig […]
US shale oil rebound shakes OPEC Read More »
Expensive local supplies, low currency impediments to Brazil solar energy growth By Luciano Costa SAO PAULO, Jan 31 (Reuters) – A government plan to spur the construction of solar energy farms in Brazil is faltering because of high costs, strict rules requiring local components and low-priced competition from Chinese suppliers, say regulators and power sector executives.
Brazil solar energy drive stalled by high costs, strict rules Read More »
Guyana reservoir contains 100-150 million barrels of oil Jan 12 (Reuters) – Exxon Mobil Corp said on Thursday drilling results from a third exploration well offshore Guyana showed a new reservoir containing 100-150 million barrels of oil equivalent. The discovery at the Stabroek block is off a border region that is claimed by Venezuela in
Exxon Mobil discovers new oil reservoir offshore Guyana Read More »
Demand for centrifugal pumps in Americas is dominated by oil and gas industry (expected to exceed $5 billion by 2020) The global market for centrifugal pumps is growing rapidly and one of the key drivers will be a rejuvenated oil and gas sector, according to a new report from Technavio, which forecasts the industry to grow
Oil and gas drives $27 Billion global market (by 2020) for centrifugal pumps Read More »
