June 17, 2016 - Oil & Gas 360

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

June 17, 2016

If Martin Keller’s prediction comes true, in 50 years the U.S. won’t be using nearly the amount of crude oil, refined petroleum products, natural gas or coal as the legacy energy industry has been supplying for the past 100 years – Part One The National Renewable Energy Laboratory, or NREL, is a place you might label as the federal government’s

Oil Prices Up Despite Increased Drilling Activity in the U.S.

June 17, 2016

Drilling activity up: the U.S. adds ten more rigs this week – more rigs drilling in the Barnett today than a year ago The rig count in the U.S. continued to climb for a third-straight week this week, according to information released from Baker Hughes Industries (ticker: BHI). Ten more rigs joined the total number of active rigs this week

Oil Prices Hurting Russian Deals, Russia Trying to Lure Back Investment

June 17, 2016

Oil and gas deal pipeline relatively thin at this year’s St. Petersburg Economic Forum There was a stronger showing of the heads of international oil and gas companies at this year’s St. Petersburg Economic Forum, but deals remained relatively light. Companies continue to cut energy investment as oil prices remain well below their triple-digit highs from two years ago, and

Petro River Oil Provides Update on Woodburn Forest-1 Well in Larne Basin, Northern Ireland

June 17, 2016

NEW YORK, NY –(Marketwired – June 17, 2016) – Petro River Oil Corp (OTCBB: PTRC) (“Petro River” or the “Company”) announced today that drilling has been completed at the Woodburn Forest-1 well in Larne Basin, Northern Ireland. The well was drilled to a depth of 2,000 meters and encountered two conventional, porous sandstone reservoir intervals, the Triassic Sherwood and the

The Future of Natural Gas Growth, Renewables Growth Depends on the Clean Power Plan

June 17, 2016

If the CPP passes, natural gas growth will double and renewables will show much stronger growth: EIA The extent to which renewables and natural gas continue to grow in terms of their overall percentage in the energy generation mix in the United States will depend on the future of the EPA’s Clean Power Plan, according to new data from the

Brazil’s CPFL Energia Buys AES Corp. Unit for $486 Million

June 17, 2016

From Reuters CPFL Energia SA, the largest private Brazilian utility, has agreed to buy a power distributor owned by AES Corp in southern Brazil for 1.7 billion reais ($486 million), the companies announced on Thursday in securities filings. The acquisition of Porto Alegre-based AES Sul, which has around 1.3 million clients and 5.5 billion reais in annual revenue, will raise

Suncor said to have $800 Million Unit for Sale

June 17, 2016

From Financial Post Suncor Energy Inc. has launched an auction of its Petro-Canada lubricants division, whose white mineral oils are sprayed on gummy bear candy to make it shiny and prevent sticking, people familiar with the matter said. The sale could fetch around $800 million and help Canada’s biggest energy company pay down debt incurred by recent acquisitions, the sources

How to Win at the RFP Game: Thought Leadership has Replaced the Salesperson

June 17, 2016

From Biz Journals How to win at the RFP game Ahhhh, the request for proposal(RFP) — for many, giving birth to an elephant is a more appealing option than responding to an RFP. And yet, while most despise answering an RFP, many professionals rely on them as a meaningful source for new business. If you’re one of these people, I encourage

Say Goodbye to Frequent Flier Miles

June 17, 2016

From USA Today/The Motley Fool American Airlines (NASDAQ:AAL) invented the frequent-flier program concept way back in 1981, doling out “miles” based on the distance customers traveled. These miles could then be redeemed for free award tickets. However, in the past few years, most airlines — including industry giants Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL) — have moved away from this distance-based system. While they still call

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