Climate change listed among factors that could raise risk of conflict between nations By Scott Malone CAMBRIDGE, Mass., Jan 9 (Reuters) – Work to avert the problems caused by climate change should not be a partisan issue, outgoing Secretary of State John Kerry told students at an elite U.S. engineering school on Monday, in one […]
Climate change should not be ‘partisan issue,: John Kerry Read More »
Russian oil output down to 11.1 million b/d By Olesya Astakhova MOSCOW, Jan 9 (Reuters) – Russian oil output was cut in early January by around 100,000 barrels per day (b/d) from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sector told Reuters on Monday. Russia’s oil and
Russian oil output cut by 100,000 b/d in early Jan Read More »
Cuba, United States deal to protect shared marine environment By Marc Frank HAVANA, Jan 9 (Reuters) – Cuba and the United States agreed on Monday to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico, as they rush to conclude deals before President-elect Donald Trump takes office. U.S. Charge
Cuba, United States sign oil spill deal before Trump inauguration Read More »
Sale of US crude oil reserves to fund operational improvements HOUSTON, Jan 9 (Reuters) – The U.S. Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17. The sale is part of a resolution to sell up
Dept. of Energy to sell 8 million barrels of US crude oil reserves Read More »
Oil prices down four per cent By Catherine Ngai NEW YORK, Jan 9 (Reuters) – Oil prices tumbled by 4 per cent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC’s efforts to curb global oversupply. U.S. crude futures settled down $2.03 at $51.96 a barrel, while Brent futures settled
Oil prices down on concerns over rising Iraqi exports, U.S. output Read More »
US coal production in 2016 is expected to total 743 million short tons (MMst), 17 per cent lower than in 2015, and the lowest level since 1978, according to the US Energy Information Administration. Falling production in 2016 continues an eight-year decline from peak production in 2008. Production in all major coal regions fell by at
US 2016 coal production declines, prices below 2015 level Read More »
Market issues driving investment in energy storage around the world BOULDER, Colo.-A new white paper from Navigant Research examines five major trends and the related market forces expected to shape the future of the energy storage industry in 2016 and beyond. The global energy storage industry reached significant milestones in 2015, and momentum is expected
Virtual power plants, storage tech, invading energy markets – Navigant Read More »
Friends of the Earth cannot repeat claims made in its anti-fracking leaflet By Nicole Jacobs, EnergyInDepth The United Kingdom’s Advertising Standards Authority (ASA) — an independent regulator charged with preventing misleading, harmful and/or offensive advertisements — came to an informal ruling this week that the anti-fracking group, Friends of the Earth (FOE), released leaflets that could
UK regulator: Activists’ fracking claims not backed up by evidence Read More »
Sourcing frac sand from Mexico is emerging trend, proximity to Texas shale plays supports growth LONDON- According to the latest market research report by Technavio, the global frac sand market is expected to grow at a compound annual growth rate of more than 10 per cent until 2020. In this report, Technavio covers the present scenario and growth
North America will leverage global frac sand market until 2020 Read More »
Tall City Exploration sold 78,000 acres of Permian Basin assets to for $1.1 billion to Chinese company Oil and gas mergers and acquisitions in the US Lower 48 were down 70 per cent in 2015 over 2014 (50 per cent lower on the 10-year average), according to Wood Mackenzie, but deals can still be made in the Permian Basin of West Texas.
Tall City Exploration case study: Permian Basin hotbed of deal-making Read More »
