Hot temperatures are stressing Texas electricity grid Governor Greg Abbott is urging Texans to use electricity responsibly during peak hours – 3 p.m. to 7 p.m. – to combat the growing statewide demand for power. For the first time since 2011, electricity usage in Texas has set a monthly record, and the state’s electric grid will face […]
Governor Abbott urges Texans to conserve electricity Thursday Read More »
Greenpeace protestors fined for interfering with safe operations of a vessel PORTLAND, Ore. – Five Greenpeace protesters who tried to stop a Royal Dutch Shell icebreaker from leaving Portland, Oregon, for an Arctic oil-drilling operation have been fined $5,000 apiece by the Coast Guard. The icebreaking vessel Fennica arrived in Portland last month for repairs. When the
Coast Guard fines Greenpeace activists for Arctic drilling protests Read More »
Technology could reduce Alberta oil sands greenhouse gas emissions, argue other experts Canada is in the midst of a national election and it should come as no surprise that the controversial Alberta oil sands is making headlines. The Alberta oil sands produced 2.2 million b/d in 2014, most of which was exported to the United States.
Alberta oil sands being left in the ground is just a matter of fact, experts say Read More »
Outlook for American crude oil production revised downward by 400,000 b/d for 2016 Iranian oil is returning to the market and that means significant uncertainty for the expected price recovery to $67/b in 2016, according to the US Energy Information Administration. On July 14, the P5+1 (the five permanent members of the United Nations Security
Iranian oil will increase global supply, depress prices in 2016 Read More »
Saudi output eased in July, offsetting record high Iraqi production and increased Iranian flows The oversupply of international oil markets – led by Saudi Arabia and OPEC – that is driving down oil prices will continue into 2016, according to a new International Energy Agency report. The IEA’s Medium-Term Oil Market Report for July, released on Wednesday, raised
World oil market begins to rebalance as supply growth eases – IEA Read More »
Keystone XL review anything but ordinary WASHINGTON – For six and a half years, the White House has had a quick comeback to questions about its yet-to-be-announced decision on the proposed Keystone XL pipeline: Talk to the State Department. Under a George W. Bush-era executive order, oil pipelines crossing U.S. borders require a presidential permit, setting off a
Keystone XL review drags on 5 times longer than average Read More »
Mexican gas pipeline blast near northern city of Monterrey MEXICO CITY – Authorities say a Mexican gas pipeline explosion that killed five people was caused by construction workers who hit a pipeline with excavating machinery. State oil company Petroleos Mexicanos said late Tuesday the five dead were working on a construction project near the northern city of
Mexican gas pipeline blast caused by outside construction workers Read More »
2013 Exxon Mobile Arkansas pipeline leak near Mayflower LITTLE ROCK, Ark. – A federal judge approved a $5 million settlement among the operators of an oil pipeline, the state of Arkansas and the federal government Wednesday, finding that the deal to end claims stemming from a spill two years ago satisfied the public interest even if it might
Arkansas pipeline leak $5M agreement OK’d by federal judge Read More »
Shell Arctic drilling carries ‘increased risk profile’ LONDON – The CEO of Royal Dutch Shell says he decided to drill for oil off the coast of Alaska after a careful evaluation of the risks. In an interview with the BBC broadcast Wednesday, Ben van Beurden says that although drilling in the Arctic carries an “increased risk profile” because of
Shell Arctic drilling decision required careful evaluation of risks: CEO Read More »
Work will be performed by Wood Group Kenny and Wood Group Mustang As part of the Mexican government’s commitment to reforming its energy sector, Houston-based Wood Group has been awarded a three-year contract for field development in Mexico’s Gulf of Mexico waters. Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement
Wood Group awarded $28 million PEMEX off-shore engineering contract Read More »
