Cano-Limon attacked by Marxist rebels BOGOTA, Feb 17 (Reuters) – Pumping operations along Colombia’s second most important oil pipeline, the Cano-Limon Covenas, was halted due to a bomb attack by rebels from the Marxist ELN group, a high-ranking military official said on Friday. The attack occurred on Thursday in a rural area of northern El […]
Bombing halts pumping on Colombia’s Cano-Limon oil pipeline Read More »
Pioneer Energy oil field services unit expects 30 per cent bump in Q1 Feb 17 (Reuters) – Pioneer Energy Services Corp said it expected revenue from its biggest unit, which provides oil field services, to rise by as much as 30 per cent in the first quarter, with more oil companies drilling and completing wells.
Pioneer Energy service revenue rises as demand recovers Read More »
Saudi Aramco tax set up could worry investors By Rania El Gamal RIYADH, Feb 17 (Reuters) – Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources said. The
Saudi Arabia debating shape of Saudi Aramco IPO Read More »
Dakota Access protesters fear conflicts with law enforcement By Terray Sylvester Feb 16 (Reuters) – Federal officials and North Dakota’s governor on Thursday refused to extend next week’s evacuation deadline for activists living in camps that have been a base for months for demonstrations against the multibillion-dollar Dakota Access oil pipeline. Opponents of the 1,170-mile
Governor, Army Corps block deadline extension for Dakota Access protesters Read More »
Aircraft fuel efficiency varies based on aircraft range, size, and operation economics Lower crude oil prices in recent years have translated to lower fuel costs and overall lower operating expenses for US passenger airlines, according to the US Energy Information Administration. According to the US Department of Transportation’s Bureau of Transportation Statistics (BTS), US passenger
Lower fuel costs for US airlines reduces expenses, increases profits Read More »
Oil prices, demand in India and China fall By Devika Krishna Kumar NEW YORK, Feb 17 (Reuters) – Oil prices ended largely steady on Friday but lower on the week, with U.S. crude notching its first weekly decline in five weeks, as rising U.S. drilling and record stockpiles faced efforts by major producers to cut
Oil prices steady but down for the week as glut worries face OPEC cuts Read More »
Enbridge to invest $1.3 billion in EnBW’s Hohe See By Nia Williams CALGARY, Alberta, Feb 17 (Reuters) – Enbridge Inc, Canada’s largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C$1.7 billion ($1.3 billion) investment in a North Sea windfarm. The 50 per cent ownership in EnBW’s Hohe
Enbridge reports quarterly profit, North Sea windfarm stake Read More »
Al Gore hosted climate change conference in Atlanta By Sebastien Malo NEW YORK, Feb 16 (Thomson Reuters Foundation) – A climate change conference canceled just before the inauguration of U.S. President Donald Trump was resurrected on Thursday as former Vice President Al Gore said it was vital to “fill a void” on climate change. Some 350
Controversial climate change conference resurrected in Trump’s U.S. Read More »
Institutional investors return to oil markets By Jessica Resnick-Ault NEW YORK, Feb 16 (Reuters) – Oil traders for the last two weeks have shrugged off reports that U.S. stockpiles are brimming at their largest levels ever recorded, as the market continues to bet that crude prices will climb higher. Oil has maintained its buoyancy because
Big bets on oil remain stalwart, despite bearish signals Read More »
Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A By Nia Williams CALGARY, Alberta, Feb 16 (Reuters) – Canadian oil and gas producer Cenovus Energy Inc said on Thursday it is doing engineering and design work at two of its deferred oil sands projects in northern Alberta and it
Cenovus may restart another two deferred oil sands projects Read More »
