February 10, 2017

From Bloomberg Exxon unit’s Norman Wells site to stop production this month ‘Dubai of the Mackenzie River’ vision shattered by oil route When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all. Now,

From The Fuse News headlines in the oil markets were no doubt mostly bearish this week, a turnaround from what we saw at the beginning of the year when markets were still on their OPEC-induced high. Hedge funds and other investors have clearly overbought, the EIA expects shale to boom back to 9.5 million barrels per day (mbd) in 2018,

From San Antonio Express-News Major oil producers are charging ahead with clean energy projects, albeit at a slow pace amid a price collapse in alternative energy markets, executives and other industry officials said at the University of Texas’ Energy Week conference this week. San Antonio’s CPS Energy — which receives power from natural gas, coal, nuclear and a growing amount

From The Grand Forks Herald BISMARCK — North Dakota House lawmakers voted 76-15 Wednesday, Feb. 8, to charge a flat 10 percent tax on oil production regardless of the price of oil, a change that the Mandan, Hidatsa and Arikara Nation opposes. House members approved House Bill 1166, which removes a so-called high-price trigger that would increase the state’s overall