Archive for August, 2016
Anti-fracking group denies the science in latest fracking and ozone report
They ignored well-established data showing shale development benefits in efforts to scare, mislead public against oil/natural gas By Randy Hildreth, EnergyInDepth The Clean Air Task Force (CATF) is out with yet another report – this time with the alarmist title “Gasping for Breath”— which constitutes the group’s latest effort to scare and mislead the public. The […]
US oil output seen rising as Permian Basin buys funded by stock sales
Permian Basin, SCOOP and STACK fields favored regions with investors By Swetha Gopinath and Arathy S Nair Aug 31 (Reuters) – Large U.S. shale oil companies, flush with cash raised through stock offerings, are gobbling up properties in the Permian Basin straddling Texas and New Mexico, a trend that could boost U.S. oil output in the […]
Drilling data management systems market to grow 12% by 2020 – Technavio
Areas in Middle East, Gulf of Mexico, and North Sea seeing drop in production rates over past few years LONDON – Technavio analysts forecast the global drilling data management systems market to grow at a compound annual growth rate (CAGR) of around 12 per cent during the forecast period, according to their latest report. The research study covers the present scenario […]
Oil, gas development helping American consumers save money – API
EIA projects 2016 to see lowest levels of energy-related carbon emissions in quarter century, thanks to low natural gas prices WASHINGTON – US consumers have continued to take advantage of America’s energy revolution and affordable gas prices as we head into the fall season, said API Chief Economist Erica Bowman on a conference call with journalists. […]
Gasoline stocks likely to fall, crude oil stocks to rise this week – Platts
US Gulf Coast faces more punishing weather, a storm called Tropical Depression Nine forecasted to land later this week US Gulf Coast refinery outages combined with stepped-up demand in preparation for the US Labor Day holiday may have helped pull gasoline barrels from storage last week, according to a preview analysis of US Energy Information Administration data by S&P […]
Twin Butte debenture holders make new proposal on Reignwood deal
Twin Butte deal specifics not given CALGARY, Alberta, Aug 30 (Reuters) – Twin Butte Energy debenture holders, who on Monday rejected a takeover bid by Reignwood Resources Holding Pte Ltd, have made an alternative proposal on the deal to the Canadian oil producer’s special committee, a source familiar with the situation said on Tuesday. The source, […]
Insurers call on G20 to phase out fossil fuel subsidies by 2020
Fossil fuel subsidies amount to $444B: Overseas Development Institute OSLO, Aug 29 (Reuters) – Insurers with $1.2 trillion under management called on Tuesday for the Group of 20 to set a timetable to phase out fossil fuels subsidies by 2020 when they meet at a summit in China this weekend. Aviva, Aegon NV and MS […]
NEB suspends Energy East pipeline approval hearing
Energy East panel considering motions on recusal of panel members By Nia Williams and David Ljunggren CALGARY/OTTAWA, Aug 30 (Reuters) – Canada’s National Energy Board on Tuesday suspended Montreal hearings on TransCanada Corp’s proposed Energy East pipeline after protests disrupted the first day of the process on Monday. The board, Canada’s energy regulator, also said in […]
Anti-fracking Colorado ballot may have “potentially forged” signatures
First sign of trouble in Colorado came when a photo was of empty ballot boxes was tweeted, and boxes with very few signatures in them by Randy Hildreth, EnergyInDepth Colorado election officials have determined that national activist groups pushing a pair of anti-fracking initiatives that have faced strong bipartisan opposition, failed to collect enough signatures for […]
Petrobras to gain $11B on sale of Brazil oil rights to Statoil
Petrobras sale of stake in Carcara will pay debt or fund projects By Stine Jacobsen RIO DE JANEIRO, Aug 30 (Reuters) – Petrobras’ sale of offshore oil rights in Brazil to Norway’s Statoil ASA will free up about $11 billion that Brazil’s cash-strapped state-run oil company can use to pay debt or develop areas that […]
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