Baker Hughes rig count shows oil, gas rigs up to 315 from 205 Jan 13 (Reuters) – According to Baker Hughes, energy firms in Canada more than doubled the number of rigs drilling for oil this week to the highest level in almost two years as producers returned en masse from Christmas breaks and crude prices […]
Canadian drillers add most oil rigs in two years: Baker Hughes Read More »
New PHMSA standards expand list of conditions requiring immediate repair NEW YORK, Jan 13 (Reuters) – The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Friday it has passed a rule to boost safety requirements on the country’s oil and refined products pipelines. The rule requires pipeline operators to have a system for
PHMSA completes rule to boost safety standards Read More »
Trump energy policy likely to lead to increased natural gas exports By Oksana Kobzeva MOSCOW, Jan 13 (Reuters) – Russia’s Gazprom has acknowledged for the first time a threat to its dominant position in European gas market from an expected influx of liquefied natural (LNG) gas produced in the United States under Donald Trump’s administration.
Russia acknowledges threat from Trump energy policy on EU gas market Read More »
EPA fuel efficiency rules key part of Obama climate legacy By David Shepardson WASHINGTON, Jan 13 (Reuters) – U.S. Environmental Protection Agency chief Gina McCarthy on Friday finalized a determination that the landmark EPA fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part
EPA fuel efficiency rules locked in to 2025 Read More »
Increased production from Libya, Nigeria could undermine OPEC cuts By Alex Lawler and Rania El Gamal LONDON/ABU DHABI, Jan 13 (Reuters) – OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 per cent
Despite Saudi signals, unlikely all OPEC cuts promises to be delivered Read More »
Canadian rig count up by 110 rigs Jan 13 (Reuters) – The rig count in the U.S. fell this week for only the second week in the last seven months, likely just a brief pause in a recovery expected to last into 2018 as shale producers plan to boost spending as crude prices hold near an
Rig count down for the second week in 7 months Read More »
Looking ahead, the outlook for US manufacturing is even brighter, thanks to shale gas By Seth Whitehead, EnergyInDepth EID has highlighted several times in recent months how the shale gas revolution has spearheaded a manufacturing renaissance in the United States. The latest evidence of this trend was released this week in the Plastics Industry Association’s
Shale gas spurring plastics manufacturing growth – report Read More »
Harsh winter, low prices impact North Dakota oil output By Ernest Scheyder Jan 13 (Reuters) – North Dakota oil output will likely fall below 1 million barrels per day by the end of January due to harsh winter weather and low oil prices, state regulators said on Friday. Crossing that threshold would be a psychological blow to
North Dakota oil output seen below 1 million barrels/day soon Read More »
Oil prices down as Chinese exports volumes show steepest decline since 2009 By Devika Krishna Kumar NEW YORK, Jan 13 (Reuters) – Oil prices fell on Friday and ended the week 3 per cent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world’s
Oil prices fall on China concerns, set for weekly drop on OPEC doubts Read More »
Clean energy investment falls as early adopters focus on grid investment LONDON, Jan 12 (Reuters) – Clean energy investment worldwide fell by 18 per cent to $287.5 billion last year due to sharp falls in renewable technology prices and less spending on projects by large markets China and Japan, research showed on Thursday. Chinese investment
Global clean energy investment falls to $288 billion in 2016 Read More »
