Chevron production fell slightly to 2.7 million boe/d By Ernest Scheyder Jan 27 (Reuters) – Helped by rising oil prices, Chevron Corp swung to a quarterly profit on Friday that still fell short of analyst expectations, dragging down the company’s share price, and with it, the Dow Jones industrial average index. The results showed that […]
Chevron profit miss drags down stock, Dow Jones index Read More »
Energy East pipeline construction may not start until 2019 at earliest By David Ljunggren and Ethan Lou OTTAWA/CALGARY, Alberta, Jan 27 (Reuters) – A review of TransCanada Corp’s proposed Energy East pipeline will start again from the beginning, Canada’s National Energy Board (NEB) regulator said on Friday, voiding all decisions from the project’s previous examining
Energy East pipeline review to restart from beginning Read More »
Continued recovery outlook in labor markets; strong growth in the Sunbelt expected Excerpts from IHS global insight principal economist Karl Kuykendall’s special report US regional economic predictions for 2017, according to IHS Markit. The South and West will experience the fastest economic growth: Long-term demographic trends are a big reason for this swift economic growth,
Oil/gas producing state economies improve: US Regional Economic Outlook Read More »
TransCanada says they are committed to working productively with all stakeholders and tribal leaders TransCanada Corporation announced it submitted a Presidential Permit application to the US Department of State for approval of the Keystone XL (KXL) Pipeline, according to a press release from TransCanada. “This privately funded infrastructure project will help meet America’s growing energy needs
TransCanada applies for Keystone XL pipeline presidential permit Read More »
OPEC Sec-Gen Mohammed Barkindo says Rosneft deal is “very strategic for all the parties involved” By Olesya Astakhova MOSCOW, Jan 26 (Reuters) – Qatar’s investments in Russia will further strengthen ties between the Organization of the Petroleum Exporting Countries and non-member oil producers, OPEC Secretary-General Mohammed Barkindo told Reuters. The Qatar Investment Authority (QIA) and global
Barkindo: Qatar investment in Rosneft to bolster OPEC, non-OPEC ties Read More »
Petrochina plans to drill 600 wells in the next four years BEIJING, Jan 26 (Reuters) – China’s biggest energy giant PetroChina plans to step up shale gas development in Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, according to state media and a government official.
PetroChina aims to meet a third of China’s shale gas target by 2020 Read More »
China’s oil majors invest in low-risk, mature fields By Chen Aizhu BEIJING, Jan 26 (Reuters) – China’s oil majors are expected to pump up spending in 2017 for the first time in years, scrambling to squeeze more barrels of crude out of ageing domestic wells in the hope that higher prices are here to stay.
As crude prices rise, China’s oil majors set to lift capex for first time in years Read More »
Earliest new EV battery chemistry available likely to be 2035 or 2040 Q. Why build North American pipelines, expand Texas shale production and the Alberta oil sands, if electric vehicles will replace internal combustion engine cars in a decade or two? A. Because EVs will only make minor inroads into global auto markets by the 2040s or 2050s,
EV adoption will be slow, unlikely to reduce oil demand for 50 years or more Read More »
President Trump revived Keystone XL project By Jim Morris WHISTLER, British Columbia, Jan 25 (Reuters) – TransCanada Corp has yet to discuss the Keystone XL oil pipeline with shippers and is not certain if all were still in support of it, the company’s CEO said on Wednesday in his first public comments since President Donald Trump revived
TransCanada has not yet broached Keystone XL with shippers Read More »
Indiana, environmental groups concerned Peabody Energy fails to address future clean-up costs By Tracy Rucinski ST. LOUIS, Jan 26 (Reuters) – Peabody Energy Corp , the world’s largest private-sector coal miner, defended its bankruptcy exit plan in court on Thursday against opponents including state regulators, shareholders, environmental activists and even former executives. Peabody asked U.S. Bankruptcy
Peabody defends disputed reorganization plan in bankruptcy court Read More »
