Archive for November, 2016
Texas oil and gas production statistics for Sept 2016
Texas preliminary Sept. crude oil production averaged 2,380,134 b/d Production for Sept. 2016 as reported to the Railroad Commission of Texas is 71,404,018 barrels of crude oil and 561,242,466 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by operators and will […]
US EIA data likely to show crude stocks falling 250,000 barrels
Crude oil storage in the US is profitable again Wednesday’s pivotal OPEC ministerial meeting could overshadow the release of weekly US inventory data that same day; however, a large enough change in US petroleum stocks could inject additional volatility into a market already on edge, according to an S&P Global Platts preview of this week’s […]
Is Prime Minister Sunny Ways ready to play rough over Kinder Morgan pipeline?
Justin Trudeau will try charm, but if anti-Trans Mountain protests escalate, Vancouver well see another side of Prime Minister Tuesday afternoon, Prime Minister Justin Trudeau green lighted two pipeline projects, but Canadians are talking about only one: Trans Mountain Expansion from Alberta to the West Coast. Will the controversial pipeline get built? This past summer, I […]
Officials hope to quell Dakota Access pipeline protests with fines
Dakota Access pipeline protesters remain at camp By Terray Sylvester CANNON BALL, N.D., Nov 29 (Reuters) – North Dakota officials on Tuesday moved to block supplies from reaching Dakota Access Pipeline protesters at a camp near the construction site, threatening to use hefty fines to keep demonstrators from receiving food, building materials and even portable bathrooms. Activists have […]
Baker Hughes to form fracturing company with Goldman Sachs, CSL Capital
Baker Hughes will own 46.7 per cent of company Nov 29 (Reuters) – Baker Hughes Inc said it has reached an agreement with CSL Capital Management and Goldman Sachs Group Inc’s merchant banking division to create a hydraulic fracturing company in which Baker Hughes will own a 46.7 per cent stake. Under terms of the […]
Canada approves Trans Mountain, Line 3 pipeline proposals
Greens ready to fight Trans Mountain pipeline By David Ljunggren and Leah Schnurr OTTAWA, Nov 29 (Reuters) – Canada on Tuesday approved Kinder Morgan Inc’s hotly contested plan to twin a pipeline from the Alberta oil sands to the Pacific coast, setting up a battle with environmentalists who helped elect Prime Minister Justin Trudeau. The government, […]
Officials back away from blockade plans for Dakota Access pipeline protesters
North Dakota government had planned to block supplies to Dakota Access pipeline protesters By Terray Sylvester CANNON BALL, N.D., Nov 29 (Reuters) – North Dakota state officials on Tuesday backed away from plans to block supplies from reaching protesters at a camp near the construction site of the Dakota Access Pipeline project after the governor’s office said […]
China wind, hydro energy get $174 billion investment from in next five years – NEA
China wind industry will provide 300,000 new jobs by 2020 BEIJING, Nov 29 (Reuters) – China will spend at least 1.2 trillion yuan ($174 billion) on hydro and wind energy infrastructure between 2016 and 2020, the National Energy Administration (NEA) said in blueprint document for the two industries. NEA said construction of new wind farms would […]
Trudeau set to unveil major Canadian pipeline decisions on Tuesday
Canadian pipeline decisions could be politically damaging OTTAWA, Nov 29 (Reuters) – Canada will announce decisions on new pipelines on Tuesday that could clear Kinder Morgan Inc’s hotly contested plan to double the capacity of its Trans Mountain project but reject Enbridge Inc’s Northern Gateway. Canadian Prime Minister Justin Trudeau is set to reveal his […]
Asian oil buyers may shop elsewhere as OPEC deal, price hike looms
Asian oil buyers look to Alaska, North Sea, Azerbaijan for cheaper crude By Henning Gloystein and Yuka Obayashi SINGAPORE/TOKYO, Nov 29 (Reuters) – For the first time since 2008, OPEC is set to strike a deal to cut oil output that may boost prices. It may also give itself a bloody nose in the East, […]
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