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February 5, 2020

Southcross Energy exits bankruptcy, moving headquarters to Houston

February 5, 2020

Houston Chronicle Dallas pipeline operator Southcross Energy is moving to Houston and is emerging from Chapter 11 bankruptcy focused on the Eagle Ford Shale of South Texas.   In a Monday statement, Southcross said it is emerging from bankruptcy in a net cash-positive position and a restructured balance sheet that provides financial flexibility. Southcross is leaving the Mississippi and Alabama

Swind turbine- oil and gas 360

Shares of wind turbine giant Vestas rip higher as order book hits fresh record

February 5, 2020

CNBC Turbine manufacturer Vestas Wind Systems logged record order levels in 2019 as well as a rise in profit and revenue. Vestas posted an order intake — a measure of turbines placed on its order books — of more than 17 gigawatts (GW) last year, with revenue hitting 12.1 billion euros ($13.34 billion), up from 10.1 billion euros in 2018. The Danish

Canadian court rejects challenge to pipeline, tankers- oil and gas 360

Canadian court rejects challenge to pipeline, tankers

February 5, 2020

Houston Chronicle VANCOUVER, British Columbia (AP) — An estimated 400 oil tankers a year are likely coming to inland waters of the Salish Sea, and the Strait of Juan de Fuca, shared by Washington and British Columbia. The Seattle Post-Intelligencer reports prospects for a giant Canadian oil pipeline, and export terminal just east of Vancouver, surged on Tuesday with a

Coronavirus paralyses short-term oil, gas sales into China- oil and gas 360

Coronavirus paralyses short-term oil, gas sales into China

February 5, 2020

Reuters SINGAPORE – Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said. Typically, trade would have revived after the Lunar New Year holiday at the end of

Democrats accuse Energy Department of underspending on clean energy research- oil and gas 360

Democrats accuse Energy Department of underspending on clean energy research

February 5, 2020

Houston Chronicle WASHINGTON — The Department of Energy isn’t distributing funding for clean energy research fast enough, House Democrats said Wednesday. At a hearing before the oversight panel of the House Science and Space Committee, Chairman Rep. Bill Foster, D-Ill., said the department’s Office of Energy Efficiency and Renewable Energy didn’t spend $823 million in funding appropriated by Congress last

Oil prices leap after reports on coronavirus drug- oil and gas 360

Oil prices leap after reports on coronavirus drug

February 5, 2020

Reuters LONDON – Oil prices jumped by more than 4% on Wednesday after media reports that scientists had developed a drug against the fast-spreading coronavirus that continues to weigh heavily on global economic activity. The World Health Organization played down the media reports, saying there are “no known effective therapeutics” against the virus. Lending further support to oil was news

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