From Reuters Norway plans to step up spending on looking for oil and gas in the northern Barents Sea close to its border with Russia, the country’s 2019 budget showed on Monday. The government has proposed to allocate an extra 50 million Norwegian crowns ($6.04 million) to conduct a so-called 3D survey over a large geographical structure that straddles the
From Bloomberg Baker Hughes, the Houston-based oilfield services business, agreed to buy a 5 percent stake in Adnoc Drilling, a deal that values the unit of government-run Abu Dhabi National Oil Co. at about $11 billion. The investment marks the first time that an international partner takes a direct equity stake in an existing Adnoc services business, the companies said Monday in
From Reuters Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S. sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall. The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period,
From Reuters Irving Oil Corp shut its Saint John refinery in the Canadian province of New Brunswick on Monday morning after a fire, with photos showing smoke billowing from the complex. The company said it was dealing with a “major incident” at the 320,000 barrel-per-day refinery. Residents reported hearing an explosion and seeing a fire, according to local media. “We
From The Wall Street Journal General Electric Co. GE +3.19% said Monday it is offloading a portfolio of energy investments to Apollo Global Management APO -1.86% LLC, as the troubled conglomerate continues to sell off pieces of its business it now views as ancillary. A unit of GE Capital and private-equity firm Apollo didn’t disclose the financial terms of the deal, other than to say the approximately $1
Argus completes seventh annual benchmark review
Reliable One Resources Announces Purchase of Ohio Disposal Well Facility
From The Globe and Mail It’s a new beginning for the residents of this northern B.C. community. After LNG Canada said it would go forward with a $40-billion energy megaproject in Kitimat, more than 1,000 people gathered to celebrate the area’s impending economic boom times. Days after the Royal Dutch Shell PLC-led consortium held a news conference in Vancouver last
Global Industrial Indoor Overhead Cranes Market 2018-2022 | Growth Analysis and Forecast | Technavio
V3 Commodities Announces $25 Million Facility For Rockies Power and Gas Retailer
If Initiative 1631 passes, it could unleash a flood of carbon taxes across many states From Houston Chronicle Texas energy companies are pouring millions of dollars into Washington state to fight a ballot measure that, if passed, would create the nation’s first carbon fee, raising the cost of gasoline and other fossil fuels and likely hurting demand for petroleum products.
Sheetz Welcomes Stephanie Wilkes to Board of Directors
