Most uranium loaded into US nuclear power reactors is imported US production of uranium concentrate (U3O8) totaled 2.9 million pounds in 2016, 13 per cent lower than the uranium produced in 2015 and the lowest annual US production since 2005, according to the US Energy Information Administration. US uranium concentrate production in 2016 was less than 7 per […]
US uranium production lowest since 2005 Read More »
Cenovus laid off nearly one-third of its workforce since 2014 Feb 16 (Reuters) – Canadian oil and gas producer Cenovus Energy Inc reported a surprise quarterly profit as production rose and costs fell. Oil and gas companies, battered by a two-year slump in oil prices, have sharply cut costs and are also benefiting from a
Cenovus Energy posts surprise profit as costs fall, output rises Read More »
PGS expects 10 per cent boost in business in 2017 OSLO, Feb 16 (Reuters) – Seismic surveying company PGS posted a bigger loss than forecast for its fourth quarter on Thursday due to weaker than expected sales of its data, but said it expects demand for its services to grow as the oil market picks
Seismic surveyor PGS sees higher demand from oil companies, Q4 lags Read More »
Thousands protested Dakota Access Pipeline last year By Philip Pullella VATICAN CITY, Feb 15 (Reuters) – Pope Francis appeared on Wednesday to back Native Americans seeking to halt part of the Dakota Access Pipeline, saying indigenous cultures have a right to defend “their ancestral relationship to the earth”. The Latin American pope, who has often
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TransCanada net loss down to $358 million from $2.46 billion Feb 16 (Reuters) – TransCanada Corp, Canada’s No. 2 pipeline operator, reported a better-than-expected quarterly profit, helped by strength in its U.S. and Mexican pipeline businesses. The company said earnings from its U.S. natural gas pipeline business rose more than four-fold to C$416 million, due
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Iraq oil supply cut share 210,000 b/d By Alex Lawler LONDON, Feb 16 (Reuters) – Iraq oil exports from the country’s southern terminals have edged lower so far in February, according to loading data and an industry source, a sign that OPEC’s second-largest producer is keeping a lid on shipments following a commitment to cut output. During
Southern Iraq oil exports stay lower in Feb after OPEC cut Read More »
Oil prices balanced between OPEC cuts, increased US production By David Gaffen NEW YORK, Feb 16 (Reuters) – Oil prices ended modestly higher on Thursday, as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut. Crude futures were initially bolstered after sources said the Organization
Oil prices rises modestly in tight trade, boosted by OPEC hopes Read More »
Near collapse of Oroville Dam spillway nearly collapsed By Robin Respaut Feb 14 (Reuters) – For nearly 50 years, the Oroville Dam has provided a water lifeline to residents across the state of California. But for the community in its shadow, the dam has been a source of contention and legal battles. Weeks of winter
For California community in Oroville Dam shadow, troubles go back decades Read More »
Dallas Fed also a research institution providing information on US, Texas economies DALLAS – Chairman Christi Craddick met with leadership at the Federal Reserve Bank of Dallas (Dallas Fed) this week to discuss this year’s outlook for the state’s oil and gas industry. According to economists with the Dallas Fed, Texas oil and gas drilling activity will
Texas Railroad Commission faces critical budget needs – Craddick Read More »
AER suspended Lexin Resources licences By Nia Williams CALGARY, Alberta, Feb 15 (Reuters) – The Alberta Energy Regulator (AER) suspended licences on all oil and gas well facilities and pipelines belonging to Lexin Resources Ltd on Wednesday, nearly doubling the number of orphaned wells in Canada’s main crude-producing province. The provincial regulator ordered privately-held Lexin
Alberta orphan oil well tally jumps as Lexin licences suspended Read More »
