Motiva JV operates three refineries HOUSTON, Feb 6 (Reuters) – Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017. “We are pleased with the progress […]
Shell expects to split Motiva assets with Saudi Aramco in Q2 Read More »
Beijing putting $364 billion into Chinese solar power, renewables by 2020 BEIJING, Feb 4 (Reuters) – China’s installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world’s biggest producer of solar energy by capacity, the National Energy Administration (NEA) said on Saturday. Installed PV capacity rose to 77.42 gigawatts at
Chinese solar power capacity more than doubles in 2016 Read More »
US refiners report worst year of earnings since 2011 By Jarrett Renshaw NEW YORK, Feb 5 (Reuters) – US refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016. The sign of
US refiners face weakening demand at pump for first time in 5 years Read More »
Saudi Aramco looks to list on more than one exchange SINGAPORE, Feb 6 (Reuters) – Singapore Exchange has held talks with Saudi Aramco on a secondary listing, two sources familiar with the matter said on Monday, after the oil and gas company suggested last week it would likely simultaneously list on more than one exchange.
Singapore Exchange holds talks with Saudi Aramco on secondary listing-sources Read More »
Iran looking for investors, has signed provisional deal with Shell DUBAI, Feb 6 (Reuters) – Iran has imposed no restrictions on U.S. oil firms willing to participate in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister said on Monday. “Iran has not imposed any restrictions on the
Iran says US sanctions stop American oil firms taking part in projects Read More »
Shell holds 36.8 per cent stake in Denmark offshore consortium By Ron Bousso and Clara Denina LONDON, Feb 6 (Reuters) – Royal Dutch Shell is seeking to sell its stake in a Denmark offshore oil and gas consortium for around $1 billion in what would mark the company’s effective exit from the country, three banking sources said. Bank
Shell looking to sell stake in Denmark offshore venture Read More »
Hedge funds continue to add long positions, despite doubling of Brent prices in past year By John Kemp LONDON, Feb 6 (Reuters) – Hedge funds have accumulated a record bullish position in crude futures and options, betting on further price rises, but the lopsided nature of the positioning has become a key source of
Opinion: Oil becoming a crowded trade as hedge funds pile in Read More »
Oil prices down over 1 per cent By Scott DiSavino NEW YORK, Feb 6 (Reuters) – Oil fell more than 1 per cent on Monday as a stronger dollar, ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran. Brent futures were down 88 cents, or
Oil prices slip lower as dollar strength counters OPEC cuts Read More »
Texas November 2016 production came from 181,475 oil wells and 92,930 gas wells Production for Nov. 2016 according to the Railroad Commission of Texas is 72,322,284 barrels of crude oil and 571,259,135 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production volumes reported by
Texas oil and gas production statistics for November 2016 Read More »
Hedge funds established largest bullish position in gasoline futures and options since July 2014 By John Kemp LONDON (Reuters) – U.S. gasoline stocks are rising much faster than normal at the start of the year, threatening to leave refiners struggling to clear an overhang of motor fuel later in the year. Gasoline stockpiles rose by
US gasoline stocks rising much faster than usual: Kemp Read More »
