The Brent/WTI spread disappears Last Friday, Dec. 18, the United States Senate adopted the Omnibus Appropriations Act by a vote of 65-33 as did the House of Representatives by a 316-113 vote. Later that day, President Obama then signed into law the $1.1 trillion funding bill. Those actions brought an end to the 40 year old law that had banned exporting
Story from the Wall Street Journal. U.S. energy company signs nonbinding agreement with China Huadian Green Energy Co. MELBOURNE, Australia— Chevron Corp. has lined up a Chinese buyer for natural gas from its multibillion-dollar developments in northwestern Australia, helping shore up their commercial health as crude-oil prices hit multiyear lows. Chevron said it had signed a nonbinding agreement with China
Article by CNBC After California, Texas is the largest economy in the U.S. At nearly $1.5 trillion in gross state product last year, Texas produced more goods and services than South Korea or Australia. This year’s crash in crude prices hit the oil producing state hard, and a continued global supply glut will likely weigh on Texas and the rest of
CALGARY, AB–(Marketwired – December 21, 2015) – (TSX: ECA) (NYSE: ECA) Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources, 95 percent owned by Canada Pension Plan Investment Board and five percent by The Broe Group, to close in the second
CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – The Minnesota Public Utilities Commission (Commission) voted, at its most recent hearing on December 17, 2015, on several matters regarding the process to review the applications for a certificate of need and route permit for Enbridge Energy Partners, L.P.’s (“EEP”) proposed Sandpiper pipeline and EEP’s portion of the Line 3 pipeline replacement project
$10 Trillion in global oil-related investment will be needed to Meet Demand: OPEC Supply: non-OPEC supply down 1 MMBOD by 2020; OPEC supply up 1 MMBOD by 2040 OPEC’s press release announcing the coming 2015 release of its annual World Oil Outlook tomorrow says “the dynamics of non-OPEC supply are currently clouded by uncertainties.” But the cartel said it feels good about its
Russian shipyard wants to construct offshore platforms for Iran “for decades” Cooperation is abundant. Russian shipyard Red Barricades is in talks with Iranian companies on joint construction of offshore platforms to drill for oil in the Persian Gulf, the shipyard’s director Alexander Ilyichev said. Speaking on the sidelines of a Russian-Iranian industrial exhibition, Ilyichev said the parties will sign a
Canada’s oil sands industry is facing one of the bleakest markets in years, hammered by plunging U.S. and global crude prices even as new pipelines have cleared logjams on key export routes. Western Canadian Select (WCS) oil sands crude has fetched an average of roughly $15 (U.S.) under the headline North American oil price so far this month, putting the
27 States are Suing to Stop the CPP, Where do Things Stand? On August 3, 2015, President Obama and the U.S. Environmental Protection Agency announced the Clean Power Plan, which is described on the EPA website as “a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.” The Clean Power Plan mandates the federal
Exploration is a Major Part of Our Future During his time in office, both as the Russian president and prime minister, President Vladimir Putin has held a conference every year. The conference is held with members of the press, both Russian and international, and typically involves reporters asking questions of Putin who then responds off the cuff, though it is
New laws allow for exploration and hydraulic fracturing under national parks The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil and gas, which will likely require companies to use hydraulic fracturing to produce. The areas covered by the licenses include
Williams (WMB) today announced that John Seldenrust has been appointed Senior Vice President of Engineering & Construction, effective Jan. 1. Seldenrust will report directly to Williams President and Chief Executive Officer Alan Armstrong. Seldenrust has more than 25 years industry experience and is responsible for ensuring the delivery of best-in-class engineering, design, and project and construction management activities and processes
