Savanah River Site project delay may end up costing DOE $1M a day COLUMBIA, S.C. _ Gov. Nikki Haley has warned the Department of Energy she expects South Carolina to collect a $1 million daily fine for the agency’s failure to meet a Jan. 1 nuclear fuel deadline. In a letter obtained by The Associated […]
Natural gas price down sharply Monday NEW YORK _ Mild temperatures have cooled demand for natural gas, sending its price down sharply Monday. Stocks of companies that produce natural gas also fell. Natural gas is used to heat more than half of U.S. households, according to the American Petroleum Institute. But with unseasonably warm temperatures, there’s
Natural gas price, producers’ stock value plunges with mild weather Read More »
Encana cutting capital budget by $600M CALGARY _ Encana Corp. (TSX:ECA) says next year’s capital spending budget will be US$600 million lower than in 2015 and its dividend to shareholders will be cut by about 78 per cent. The Calgary-based oil and gas producer is estimating a total capital investment of between US$1.5 billion and US$1.7
Encana focusing on Permian formation in 2016 capital spending budget Read More »
US producer prices rose 0.3 per cent WASHINGTON _ US producer prices rose in November for the first time in four months, driven up by higher profit margins for retailers and wholesalers and a jump in shipping costs. Despite the increase, prices have barely risen in the past year and inflation is largely tame. Key
US producer prices rose in November despite drop in gas prices Read More »
Social media has replaced job boards for oil and gas workers seeing employment CALGARY _ Tens of thousands of oil and gas workers who have lost their jobs in Alberta’s oil-and-gas sector are confronting a rapidly changing job market. Not only has competition become fierce for the few jobs available, but the way people find and get
Laid off oil and gas workers confront evolving job hunt where marketing is key Read More »
$11 billion for current major capital projects, $3 billion for exploratory projects awaiting approval SAN RAMON, Calif. – Chevron Corporation today announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015.
Chevron announces $26.6 billion 2016 capital, exploratory budget Read More »
Cenovus 2016 capital budget between $1.4B to $1.6B CALGARY _ If Cenovus Energy decides to revive shelved oilsands projects in the coming year, it won’t necessarily be because of a recovery in oil prices. “I’m not in any way looking for a price signal,” CEO Brian Ferguson said on a conference call with analysts Thursday to
Cenovus to cut capital spending by 19%, 2016 plan can handle oil at US$40 Read More »
Est. net production of 1,000 barrels of oil equivalent per day during Nov. from 3 horizontal wells in Midland Basin AUSTIN, Texas – Like many oil and gas companies struggling in a low price environment, Parsley Energy, Inc. is expanding operations in the most prolific American shale play, the Permian Basin. Parsley Energy, Inc. (NYSE: PE) says
Parsley Energy announces Midland Basin acquisition Read More »
Low oil prices severely impact Alaska budget JUNEAU, Alaska _ Alaska Gov. Bill Walker is proposing instituting a personal income tax for the first time in 35 years as the oil-dependent state looks to plug a multibillion-dollar budget deficit amid chronically low prices. In laying out his budget plan Wednesday, Walker also proposed using the fund
Alaska budget: Governor proposes first income tax in 35 years Read More »
Alaska revenue forecast drops from $2.6B in 2013 to $172M this year JUNEAU, Alaska _ The state of Alaska is projecting revenue from oil and gas production taxes at $172 million this year, a dramatic drop from two years ago when production taxes totalled $2.6 billion. Continued low oil prices contributed to the decline. “Nobody’s
Alaska revenue forecast drops drastically due to low oil prices Read More »
