ISIS attack forces suspension of station pumping 55,000 b/d By Mustafa Mahmoud KIRKUK, Iraq, July 31 (Reuters) – Islamic State militants stormed two energy facilities in northern Iraq on Sunday, killing at least five workers and shutting down a major oil pumping station, security and oil sources said. The first attack, on the AB2 gas […]
ISIS attacks two energy plants in north Iraq, kills five Read More »
IDESA expects to officially sign contract with Mexican oil regulator in second half of August By Adriana Barrera MEXICO CITY (Reuters) – Mexico’s Grupo IDESA, along with its Canadian partner, expects to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico’s oil regulator, IDESA’s chief executive officer said
Mexico’s IDESA expects to soon extract crude oil from Tecolutla field Read More »
CEO Roe Patterson says improving capital structure of Basic Energy Services remains a primary focus Basic Energy Services’ second quarter 2016 revenues declined 8 per cent to $120.0 million from $130.4 million, as continued low levels of activity driven by weak and volatile energy prices and significant weather impact during the first two months of the quarter and
Basic Energy Services reports Q1 loss of $89.9 million Read More »
We’re noticing a recurring theme from Democrats: “Keep-It-In-The-Ground” is so far on the fringe, it’s “completely impractical.” By Matt Mandel, EnergyInDepth Dallas, Texas –This week, POLITICO hosted a panel discussion at the Democratic National Convention in Philadelphia, which was famously interrupted by “Keep-It-In-The-Ground” (KIITG) activists who were angry that just about every prominent Democrat on
More prominent Democrats rebuke Keep-It-In-The-Ground goals as ‘Not possible’ Read More »
Wholesale California gasoline prices cheapest in US By Liz Hampton and Jessica Resnick-Ault HOUSTON, July 29 (Reuters) – Wholesale California gasoline became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers are still paying the highest prices in the continental United States to fill up
Wholesale California gasoline prices plunge, consumers still pay up Read More »
Statoil buys 66 per cent stake in Carcará field licence By Jeb Blount and Stine Jacobsen RIO DE JANEIRO/OSLO, July 29 (Reuters) – Brazil’s Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway’s Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its
Statoil buys Petrobras stake in Carcará field for $2.5B Read More »
Foreign workers urged to leave Cabinda enclave LUANDA, July 29 (Reuters) – Nine Angolan soldiers were killed and 14 wounded in a flareup of fighting with rebels in the country’s oil-producing Cabinda enclave, the separatist guerrilla group said on Friday. The southern African country’s government and military declined comment. The rebel Front for the Liberation
Rebels say nine soldiers killed in oil-rich Angola’s Cabinda enclave Read More »
Canadian rig count up by over 10 per cent from 102 to 119 July 29 (Reuters) – U.S. drillers this week added oil rigs for a fifth consecutive week as part of the biggest monthly rig count increase in over two years, Baker Hughes Inc said on Friday. The oilfield services provider and some analysts,
US rig count up for fifth week in a row: Baker Hughes Read More »
2016-17 La Nina expected to cause colder winter in northern US By John Kemp LONDON, July 29 (Reuters) – Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but
Opinion: La Nina set to boost U.S. winter heating oil demand Read More »
Imperial Oil says wildfire reduced production by 60,000 b/d July 29(Reuters) – Imperial Oil Ltd, Canada’s No.2 integrated oil producer and refiner, reported a surprise quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. Imperial, in which Exxon Mobil Corp holds a 69.6 percent stake, said its gross production averaged 329,000 barrels of oil
Imperial Oil posts surprise loss on impact of Alberta wildfires Read More »
