News & Events
Energy groups warn Trump and Perry are rushing major change to electricity pricing
CNBC/ 3 October 2017 A coalition of energy industry groups asked regulators to reject a rule proposed by the U.S. Department of Energy on Friday. The rule would bolster coal-fired…
Read MoreSaudi Arabia turns to renewable energy, invites bids for solar energy project
The Straits Times/3 October 2017 RIYADH (AFP) – Saudi Arabia is inviting bids for a “utility-scale” 300-megawatt solar project, a first for the world’s top oil exporter. “Today’s bid opening…
Read MoreOil hits highest since July 2015 as producers say market rebalancing
The Straits Times/3 October 2017 NEW YORK (REUTERS) – Oil prices hit a more than two-year high on Monday (Oct 2) after major producers said the global market was on…
Read MoreShale boom’s dark secret, ruined old oil wells in Oklahoma
Rigzone/3 October 2017 (Bloomberg) — Not every oilman is gaining from the U.S. shale boom. Just ask Joe Warren. Warren, a partner at Brown & Borelli Inc., is caught in…
Read MoreThe oil rally is ‘for real’ and should continue into year-end, predicts Citigroup’s Ed Morse
CNBC/2 October 2017 Citigroup’s Ed Morse says the oil price rally is “for real” and is being driven by fundamentals and financial positioning. Citigroup’s fourth-quarter price target for U.S. crude…
Read MoreKemp: Oil drillers, not forecasters, are responsible for WTI weakness
Rigzone/2 October 2017 (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Oct 2 (Reuters) – The U.S. Energy Information Administration (EIA) is distorting oil…
Read MoreOfficials: Islamic State torches oil wells in Northern Iraq
Rigzone/2 October 2017 BAGHDAD, Oct 2 (Reuters) – Islamic State militants set fire to three oil wells near Hawija, west of the oil city of Kirkuk, one of two areas…
Read MoreBHP gearing up to start drilling for oil in Mexico’s deep waters
Rigzone/2 October 2017 (Bloomberg) — BHP Billiton Ltd. is getting closer to drilling its first oil wells in Mexico’s deep waters. The Australian mining giant, which last year won rights…
Read MoreNoble Group expects to sell oil liquids business by end-December
Rigzone/2 October 2017 SINGAPORE, Oct 2 (Reuters) – Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December as part of a plan to…
Read MoreMore fuel on way to Puerto Ricans, power still down for most
Rigzone/2 October 2017 SAN JUAN, Puerto Rico, Oct 2 (Reuters) – Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island’s 3.4 million inhabitants on Monday…
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