Ohio’s current rig count stands at 20, which is a vast improvement over the lows of last year By Jackie Stewart, EnergyInDepth 2017 is off to a truly amazing start when it comes to shale-related news for the Buckeye State. Week after week we are hearing positive news about investment and job creation coming to […]
State Senator: ‘Oil/gas development in Ohio off to a great start’ in 2017 Read More »
Monthly generation from small-scale solar PV peaked in July at 2.1 billion kilowatthours Once final data are in, EIA expects 24 gigawatts (GW) of new generating capacity to be added to the power grid during 2016. For the third consecutive year, more than half of these additions are renewable technologies, especially wind and solar. Of
Renewables generation expected to account for over half of 2016 capacity additions Read More »
Large concentration of hedge funds long positions introduced downside risk into short-term outlook for oil prices By John Kemp LONDON (Reuters) – Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016.
Hedge funds: fully invested in oil or not? Kemp Read More »
Parsley Energy purchases in Midland, Southern Delaware Basins Jan 10 (Reuters) – Oil and gas producer Parsley Energy Inc said on Tuesday it would buy acreage in the Permian Basin for about $607 million as the company increases its presence in the oil-rich region. Parsley Energy’s shares were down 4 per cent at $35.1 in
Parsley Energy expands in Permian with $607 million acquisitions Read More »
Two U.S.-based PDVSA execs plead guilty Jan 10 (Reuters) – Two U.S.-based energy executives pleaded guilty on Tuesday to U.S. charges stemming from a scheme to corruptly secure contracts by bribing officials from Venezuela’s state oil company PDVSA. A former general manager of a Florida-based energy company, Juan Jose Hernandez Comerma, 51, and an owner of
U.S. probe of PDVSA spurs more guilty pleas Read More »
Trump facing calls for military, diplomatic, economic response to Kremlin’s meddling By Phil Stewart WASHINGTON (Reuters) – President-elect Donald Trump is finding himself caught between his desire to improve relations with Russia and fellow Republicans who are pushing for a harsher response to what American spy agencies say was the Kremlin’s meddling in the U.S. presidential election.
Amid hacking row, pressure builds on Trump to soften pro-Russia rhetoric Read More »
Savanna Energy to open books to potential suitors Jan 10 (Reuters) – Canadian oilfield services provider Savanna Energy Services Corp said on Tuesday it would open its books this week to potential suitors interested in a deal with the company. Savanna said it also planned to explore strategic alternatives, which may include a sale of
Savanna Energy to open books to potential suitors Read More »
India’s gasoline consumption up over 12 per cent in 2016 By John Kemp LONDON, Jan 10 (Reuters) – India’s gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorised vehicle, helping drive the fastest growth in fuel demand in the world. India’s gasoline consumption rose more than 12 per
Opinion: India’s gasoline consumption shows no sign of being slaked Read More »
Iraq oil exports to be cut by 210,000 b/d in OPEC deal By Florence Tan and Olga Yagova SINGAPORE/MOSCOW, Jan 10 (Reuters) – Iraq oil exports from its southern port of Basra are expected to increase to an all-time high in February, keeping exports elevated even as OPEC production cuts take effect this month. The country’s State Oil Marketing
Record Iraq oil exports from Basra expected in February despite OPEC cut Read More »
Canada Heavy Sweet crude a blend of light sweet, heavy and possibly synthetic crudes By Nia Williams CALGARY, Alberta, Jan 10 (Reuters) – Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem?
Refiners shun new Canada Heavy Sweet crude blend offer from Enbridge line Read More »
