January 2017 Page 7 of 34 - The American Energy News

Saudi Aramco selects U.S. firms to audit its reserves for IPO – sources

Saudi Aramco IPO expected to be the world’s biggest, is centrepiece of diversification plan By Rania El Gamal, Reem Shamseddine and Alex Lawler DUBAI/KHOBAR, Saudi Arabia/LONDON, Jan 26 (Reuters) – State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead […]

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Nigeria court orders temporary forfeiture of Shell, Eni oilfield in corruption probe

News

Eni, Shell oilfield assets transferred to Nigerian government By Camillus Eboh ABUJA, Jan 26 (Reuters) – A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell and Eni, among others, to the federal government, court papers showed. The court orders will last until

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Court rules Shell can’t be sued in London for Nigeria oil spills

News

Nigeria oil spills case can be brought to Nigerian courts By Karolin Schaps and Libby George LONDON, Jan 26 (Reuters) – Royal Dutch Shell cannot be sued in London over Nigeria oil spills, the High Court ruled on Thursday, in a setback to attempts to hold British multinationals liable at home for their subsidiaries’ actions abroad.

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Liquidation risk hangs over oil and gas prices – Kemp

Energy Financial

Last peak in hedge funds’ long-short ratio in natural gas heralded the start of big slide in prices By John Kemp LONDON (Reuters) – The threat of liquidation hangs over oil and gas prices in the short term as hedge funds have built the most bullish positions in both commodities since 2014. Hedge funds are

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Oil prices up on stock market, but U.S. supply caps gains

News

Oil prices up 2 per cent By David Gaffen NEW YORK, Jan 26 (Reuters) – Oil prices jumped 2 percent on Thursday, boosted by the ongoing rally in the U.S. stock market, although gains in crude futures were capped by plentiful supplies and bulging inventories in spite of efforts by producers to cut output. U.S. light

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Top 5 global carbon capture vendors from 2017 to 2021 – Technavio

News

Global carbon capture and storage vendors market is in its infancy Technavio announced the top five leading vendors in their recent global carbon capture and storage (CCS) market report, according to a press release. This market research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period. Competitive

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Baker Hughes says only higher oil prices will spur int’l spending

Energy Financial

Baker Hughes posts bigger than expected Q4 loss By Vishaka George and Swetha Gopinath Jan 26 (Reuters) – Oilfield services provider Baker Hughes Inc, which is being acquired by General Electric Co , said crude oil prices would need to rise by roughly another 15 per cent to spur producers to spend more on drilling outside

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Strategic Petroleum Reserve sales expected to start this month

News

Based on Oct. 2016 levels, the strategic petroleum reserve has 145 days of import coverage Yesterday the U.S. Department of Energy’s (DOE) Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve (SPR), according to the US Energy Information Administration. A Continuing Resolution enacted in

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Colonial Pipeline CEO Felt to retire, AGL exec named interim boss

News

John Somerhalder to be interim Colonial Pipeline CEO on Feb.1 Jan 26 (Reuters) – Colonial Pipeline Co, the largest refined products pipeline system in the United States, said on Thursday that Chief Executive Officer Tim Felt will retire at the end of the month. The pipeline has been in the spotlight lately after a host of

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Keystone XL pipeline: New book outlines hard-won lessons from Obama rejection

Markham on Energy

US, Canadian governments must enforce approvals of pipeline projects like Keystone XL – McConaghy Keystone XL is back on the table and that’s good news for the Canadian oil sands industry, says Dennis McConaghy, author of a new book on the controversial pipeline project. And this time around he thinks proponent TransCanada is much better equipped

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