From Canadian Safety Reporter/Reuters
EDMONTON/CALGARY, Alberta (Reuters) — Fighting massive forest fires is dangerous and taxing enough, but those sent into Canada’s oil sands are not only wrestling with one of the worst wildfires in the country’s history.
They are …
From San Francisco Business Times
Companies like Google, Uber, Lyft and Tesla may be racing toward a future of automated vehicles, but public opinion hasn’t warmed to the idea of driverless cars.
According to a study by University of Michigan, …
From Bloomberg
China’s Yantai Xinchao Industry Co. is pursuing U.S. oil acquisitions worth as much as $1 billion in the Permian Basin, and it won’t be satisfied letting others run the show, according to the head of the company’s U.S. …
From Bloomberg
In late February, the tanker Jag Lok loaded oil from Equatorial Guinea in western Africa and set sail for the Chinese port of Qingdao, the gateway to the world’s newest buyers of crude, a journey of more than …
From Bloomberg
Saudi Arabia, one of the founders of OPEC, is sounding the group’s death knell.
The world’s biggest crude exporter has already undermined OPEC’s traditional role of managing supply, instead choosing to boost output to snatch market share from …
HOUSTON, TX – (May 17, 2016) – P2 Energy Solutions today announced the release of P2 Forecast, a new analytics solution that generates unbiased, probabilistic oil and gas production forecasts automatically, freeing up engineers’ time to focus on other …
From The Peninsula (Qatar)
DAMIETTA, Egypt: Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current …
From Reuters
May 22 Israel approved on Sunday a deal meant to fast-track the development of the huge offshore natural gas field Leviathan, an Energy Ministry spokeswoman said.
Israel’s energy minister said on Wednesday he reached a deal with Texas-based …
From the Wall Street Journal
Natural gas prices erased gains Monday after midday weather updates pulled back from hot forecasts that had stoked expectations for strong demand.
Natural gas for June delivery lost 0.7 cent, or 0.3%, to settle at …
June Hike Likely – What is the Effect on Oil?
On Wednesday May 18, 2016, the Federal Reserve released the minutes from its April meeting, sending vibrations throughout the markets.
The message from the Fed to the market was simple: …
The president of Brazil named Pedro Parente chief executive officer of state-led oil company Petroleo Brasileiro SA. It was a move by interim Brazilian President Michel Temer to revamp economic policy and shore up the debt-laden oil producer.
Parente is …
CALGARY, ALBERTA–(Marketwired – May 19, 2016) – Blackbird Energy Inc. (TSX VENTURE: BBI) (“Blackbird” or the “Company“) is pleased to announce that, further to the press release of Blackbird dated April 6, 2016, Blackbird has executed …
From Politico
A decade ago, travelers arriving at Denver’s sprawling new airport would look out over a vast expanse of flat, prairie dog-infested grassland and wonder if their plane had somehow fallen short of its destination. The $4.9 billion airport—at …
From LinkedIn Pulse
Royal Caribbean International has taken delivery of the world’s largest cruise ship – the Harmony of the Seas – from the STX France shipyard in Saint Nazaire, France. A …
Oil service companies FMC and Technip announced a plan to merge in an all-stock deal worth about $13 billion to create a larger player in the energy services sector.
The Houston-based FMC Technologies and the Paris-headquartered Technip will combine to …
Halcon Resources announced on May 18, 2016, the company reached an agreement with shareholders and bondholders to enter into a pre-packaged Chapter 11 filing.
“The restructuring plan, if implemented, will result in the elimination of approximately $1.8 billion of debt …
From CTV News:
It’s long past time for the federal government to issue environmental permits for a multibillion-dollar liquefied natural gas terminal in Prince Rupert, B.C. Premier Christy Clark said Wednesday while confirming she’s in three-way talks with Ottawa and …
From Reuters:
Russian gas producer Gazprom will raise production this year but has slowed construction of its Power of Siberia pipeline set to serve China from 2018, Deputy Chairman Vitaly Markelov said on Thursday.
Gazprom plans to produce 452.5 billion …
From Bloomberg:
OPEC’s strategy to defend market share rather than target a price is working as crude gains amid rising demand and declining output from producers including U.S. shale wells, Kuwait’s acting oil minister said.
Oil will end the year …
From the EIA:
Natural gas-fired power generation increased 19% in 2015, because of low natural gas prices, increased gas-fired generation capacity, and coal power plant retirements. EIA’s May 2016 Short-Term Energy Outlook forecasts that this year, natural gas-fired generation will …
Blackbird Energy Inc. (“Blackbird” or the “Company”) (TSX VENTURE:BBI) is pleased to announce that it …
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Carbon dioxide (CO2) emissions has been a constant topic of discussion for a number of years, and the electric power sector was among the largest producers of CO2 as a byproduct of power generation. Emissions were on a constant move …
Iran made a statement when the country issued official selling prices for June contracts of heavy crude oil sold to Asia. The most recent pricing information unveiled by Iran is the largest discount to Saudi and Iraqi oil since 2007. …
From Reuters:
Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the U.S. Federal Reserve signaled it could raise interest rates next month.
Brent and U.S. crude’s West …
From Reuters:
Dave Van Assche didn’t fret too much when oil prices started to slide in late 2014.
The postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, …
From Reuters:
Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday that while he expects more bankruptcies for oil and gas producers this year, he sees energy prices firming, along with prospects for jobs and investment.
“I wouldn’t be …
From The Denver Business Journal:
The money being raised for a fight over ballot issues aimed at oil and gas operations in Colorado continues to rise.
Reports filed Monday with Colorado Secretary of State Wayne Williams’ office detail financial activity …
WTI oil price continued its hot streak today finishing the day up 1.82% at $48.59 per barrel. Uncontrolled forest fires in Canada have suppressed the supply of oil coming from that market, more than one million barrels have yet to …
