November 2016

North American energy sector healing in 2017, challenges ahead – Fitch

Two years of lower global E&P capex should set stage for further production declines, stabilizing pricing The rating outlook for North American energy remains negative, reflecting lingering challenges in the exploration and production (E&P) and oil field services/drillers subsectors, according to Fitch Ratings. The E&P market remains split. In the investment-grade (IG) E&P space, a key […]

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Governor orders Dakota Access pipeline site protesters to evacuate

Winter storm approaches Dakota Access pipeline protest site By Terray Sylvester CANNON BALL, N.D., Nov 28 (Reuters) – North Dakota’s governor on Monday ordered the expulsion of protesters camped on federal property near the site of the oil pipeline project they oppose, saying the “emergency evacuation” was necessary to protect them from harsh winter conditions.

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After denial, Rockefellers admit they targeted Exxon with ‘Paid For’ Columbia J-School series

Wouldn’t you know, Columbia’s team of reporters went after Exxon in just the way the Rockefellers wanted By Katie Brown, PhD, EnergyInDepth A new column published in the New York Review of Books shows the Rockefeller Family Fund (RFF) specifically targeted ExxonMobil when it funded a special reporting project at the Columbia School of Journalism. The

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Saskatchewan coal fired electricity deal struck between province, Trudeau government

Saskatchewan carbon emissions to be reduced by 40 per cent Nov 28 (Reuters) – Ottawa has struck a deal with Saskatchewan, a fierce critic of its environmental strategy, allowing it to continue running coal-fired electricity plants past 2030 if it makes equivalent cuts elsewhere to greenhouse gas emissions, the governments said on Monday. Prime Minister Justin

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Mexico deepwater oil bidders certified for December auctions

16 companies bidding in Mexico deepwater oil auctions MEXICO CITY, Nov 28 (Reuters) – Mexico’s oil regulator announced on Monday a final list of 17oil companies representing a dozen countries that have pre-qualified to bid on the country’s first-ever deep water oil auctions, set for Dec. 5. The highly anticipated tenders include an auction to pick a

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Algerian energy minister to meet Russia’s Novak on Tuesday

Algerian energy minister, Venezuelan oil minister to meet in Moscow with Novak By Olesya Astakhova MOSCOW, Nov 28 (Reuters) – Algerian Energy Minister Nouredine Bouterfa plans to meet his Russian counterpart Alexander Novak in Moscow on Tuesday, an official with the Algerian embassy in Russia told Reuters. Venezuela’s oil minister will visit Algiers on Monday

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Opinion: Saudi brinkmanship aims to re-establish leverage within OPEC

Saudi Arabia looking for OPEC members to share more of supply cut burden By John Kemp LONDON, Nov 28 (Reuters) – Saudi Arabia is trying to re-establish some negotiating leverage within OPEC by threatening to block an output cutting deal unless other members share more of the burden. Saudi negotiators made a mistake at the organisation’s

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