The World Bank increased its forecast for crude oil prices next year to $55 per barrel from $53 as members of OPEC prepare to establish …
The Federal Energy Regulatory Commission (FERC) issued an order approving the proposed merger of Talen Energy Corporation (ticker: TLN) with an affiliate of Riverstone Holdings LLC, a private equity firm.
FERC said that the …
From the Washington Post
IRBIL, Iraq – Islamic State gunmen launched a brazen raid Friday on the northern city of Kirkuk, attacking government buildings and police positions in what local officials speculated was an attempt to divert resources and attention …
Railway under fire again
Canadian Pacific Railway is directly responsible for damages caused when a runaway train carrying crude oil derailed in 2013 in Lac-Megantic, according to new allegations recently filed in court by the Quebec government.
The railroad was …
From MarineLink
Shipbreaking has become commercial due to the recycling of steel becoming a global commodity in demand.
This means that the dismantling and recycling of a ship are recognized as part of the value of the ship, which has …
Electric vehicle maker Tesla announced this week that all of its vehicles currently in production are being equipped with …
As previously reported, Samson Oil & Gas has executed a purchase and sale agreement with respect to its interest in the North Stockyard Field and received a $1 million deposit as part of the $15 million consideration.
The buyer …
From MarineLink
New York’s newest and largest high-speed luxury ferry is a catamaran operated by New Jersey based Seastreak that will carry up to 600 passengers between Monmouth County, N.J. and …
While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, oil and natural gas companies have actually increased investments or …
Core Laboratories (ticker: CLB) continues to call for a V-shaped recovery, with the company’s Q3 press release saying the company “believes the anticipated ‘V-shaped’ worldwide commodity recovery has begun.” Core pointed to increased …
KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter …
From the Christian Science Monitor
Researchers at the Oak Ridge National Laboratory, a Department of Energy lab in Tennessee, have discovered a mechanism for converting carbon dioxide into ethanol. Their method takes …
From Reuters
A report by a Venezuelan congressional commission accused Petroleos de Venezuela (PDVSA) [PDVSA.UL] of corruption on Wednesday, saying about $11 billion in funds went missing from the state-run oil company while Rafael Ramirez was at the helm from …
From the Austin Business Journal
Michael Dell took the stage Wednesday to reassure customers that a massive company like Dell Technologies Inc. is best equipped to manage the technological shifts roiling the industry.
With cutting-edge developments in virtual reality, cloud …
From the Dallas Business Journal
Private bankers and wealth managers are having to reassure clients growing more worried about the overheated rhetoric streaming out of the 2016 presidential campaign.
What comes up in almost every meeting, officials say, goes beyond …
Nobel Prize winner Bob Dylan must have been an oilman in his youth. How could he have been so prescient to …
The battle over energy infrastructure draws on. Emboldened by President Obama’s rejection of Keystone XL last year and halting of work the Dakota Access Pipeline, activists have shifted their focus …
In Halliburton’s (ticker: HAL) Q3 2016 conference call today, CEO Dave Lesar characterized the business climate in Q3 for the company and gave some hints about where the industry feels …
The fallout between Russia and Ukraine continues as Ukraine’s state-owned oil and gas company Naftogaz files for US$2.6 billion in damages over its lost assets in Crimea. Naftogaz and its subsidiaries filed …
Through the work of a new task force co-chaired by the Department of Energy (DOE) …
Oil prices spiked as much as 3% Wednesday following news from the EIA that the number of barrels in storage declined despite analyst expectations of a build. The EIA reported a draw of …
China’s gross domestic product continued to grow at a steady rate of 6.7% for the third straight quarter. Government infrastructure projects and a booming property market spurred prices and …
Parke A. Dickey, petroleum geologist, once said, “We usually find oil and gas in new places with old ideas. Sometimes, also, we find oil and gas in an old place with a …
Henry Hub aside, the real hot commodity this summer has been coal, as spot prices for Australian thermal reached $100 per ton (ASD) in September for the first time since …
From the Albany Times Union
ExxonMobil asks Fort Worth federal court to block New York inquiry
Facing pressure from state Attorney General Eric Schneiderman to reveal whether multi-trillion dollar oil reserves could be at risk under climate change regulations, energy …
Denbury Resources (ticker: DNR) announced that it has completed its fall 2016 semi-annual borrowing base redetermination under its revolving credit facility, and the syndicate of banks has reaffirmed the previously existing borrowing base of $1.05 billion, the same amount committed …
SM Energy Company (ticker: SM) announced Tuesday that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, …
Backwardation in the physical oil market is helping to draw down the number of barrels waiting in floating storage, according to a report from CNBC. An estimated 75-80 MMBO of …
Iran’s national oil company said Monday that it has offered 50 oil and gas fields to international bidders in the Islamic Republic’s first attempt at attracting foreign investment …
The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from …
