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This Oil Giant Is Making a Big Bet on Alaska (Jul 2018) Alaska was once one of the crown jewels of the oil industry. Thanks to the discovery of the Prudhoe Bay field and others, the state pumped out 2 million barrels of oil per day (BPD) at its peak in 198
Libya oil issues remain, but investors remain interested on 18th of Jul 2018 July 18 (UPI) –The kidnapping of employees at an oil field in Libya forced the suspension of operations . of steel moving into the market because of U.S. tariffs. Denver takes big step on renewable
Powell pow wow and oil on 18th of Jul 2018 Yet, despite the softness and the big post-holiday correction in the oil market, it is too early to say that the bears are in the clear. In fact, just the opposite. DTN writes that there are media rep
New Book Exposes Truth Behind ‘Big Oil’ on 18th of Jul 2018 Peter Cabana knows how the energy game is “played among the big boys.” In his new book . multibillion-dollar energy projects at coal, oil, and nuclear power plants throughout the world; a natural ga
Lilis may be an acquisition target (Jul 2018) Lilis is considered by analysts as one of the best-positioned small players in the booming West Texas oil field, able to increase production quickly as crude prices rise and possibly heading for a big
This Oil Stock Is Up a Jaw-Dropping 220% in the Past Year (and That Might Be Just the Beginning) (Jul 2018) This should come in late 2021 to early 2022. These investments will position the ACC to eventually produce an incremental 7,500 to 12,500 barrels of oil per day (BPD), which is a big jump for a field
Futures File: Oil prices stay above $70 a barrel even as US production soars (Jul 2018) Domestic oil production has doubled over the last decade as new drilling technologies, like fracking, have allowed U.S. producers to profitably pump from far-flung oil fields, spanning from . For no
Texas to pass Iraq and Iran as world’s No. 3 oil powerhouse (Jul 2018) CNNMoney CNNMoney The shale oil boom has brought a gold rush mentality to Texas, home to two massive oilfields.
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LETTERS: Turkana oil should be a blessing, not a curse Kenya Jul 19th, 2018 18:23 UTC Business Daily (press release) (blog) Business Daily (press release) (blog) Some countries have not managed their oil business properly therefore resulting in constant conflicts, ethnic tension and power struggle. Take an example of Sudan, a country that has massive oil reserves but conflict and war has made it difficult for .
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Belgian firm pledges 50m makeover of Hamina port Jul 19th, 2018 16:33 UTC YLE News YLE News The entire project to update the Tengiz oil field carries an over 32 billion euro price tag. The massive international project has many players involved, including the nation of Kazakhstan, TCO (owned in part by Chevron and ExxonMobil), and the Chinese .
How Venezuela Struck It Poor – Foreign Policy (blog) (Jul 2018) Foreign Policy (blog) How Venezuela Struck It Poor Foreign Policy (blog) By the mid-1990s, international firms, including Chevron and ConocoPhillips, had moved back into the country and were hard at work unlocking Venezuela’s massive heavy oil deposits. But in 1998, the price of oil collapsed again, dipping to $10 a barrel.
The Oil Context of the Trump-Putin Meeting (Jul 2018) Council on Foreign Relations (blog) Council on Foreign Relations (blog) Earlier this year, Russia’s Zarubezhneft signed an oil field development deal with the National Iranian Oil Company (NIOC) to refurbish the Aban and West Paydar oil fields. Iran could believe that turning to Moscow will shield its oil and gas . Local .
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Nigerian leader backs major Shell project on Dutch trip Jul 19th, 2018 15:07 UTC News24 News24 He “met with the Shell CEO and has more or less given the greenlight and encouragement for Shell to sign the over five billion dollar investment project for Nigeria in the gas and oil fields,” said Onyeama, without giving further details. “So that is a .
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Without cleanup assurances, Indigenous groups vow to block sale of Norman Wells oil field (Jul 2018) The Globe and Mail The Globe and Mail Indigenous groups have pledged to block any sale of the Norman Wells oil field in Canada’s Far North without assurances that a buyer will pay for the massive cost of cleaning up the aging assets. The opposition throws doubt on plans by Imperial Oil Ltd .
In westbound oil trains, worries focus on the next big spill (Jul 2018) OregonLive.com OregonLive.com Oil traffic along these routes rose with the Bakken oil fields’ production spike in the early 2010s. When their output dropped mid-decade, so did the traffic. According to the Montana Public Service Commission, the number of BNSF trains taking the Hi .
The Last Oil & Gas Frontier Is Facing Major Challenges on 18th of Jul 2018 OilPrice.com OilPrice.com Often labeled the last frontier of oil & gas development in the Australasian region, Papua New Guinea presents a profound head-scratching conundrum for those brave enough to invest in it, yet one thing is indisputable – its hydrocarbon reserves. At .