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Month: February 2016

Category:
  • Turkey

Death toll rises to 28 in Turkey blast, 61 injured: government spokesman

Twenty-eight people were killed and 61 injured in a bomb attack in the Turkish capital Ankara on Wednesday, government spokesman Numan Kurtulmus said, adding the government has no information yet Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Syria

Aid convoys reach starving Syrians

Humanitarian aid has reached besieged areas of Syria after trucks filled with supplies left Damascus, as the United Nations said a task force seeking humanitarian access throughout the conflict-torn country Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • China

China’s Economy Suffers From Hangover of Producing Too Much

Even in China’s remotest places, relentless overproduction—here it is mushrooms and cement trucks—is clouding the country’s path to prosperity and jolting the global economy. When 48-year-old farmer Yang Qun began Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Environment

Earthquakes prompt lawsuit against Oklahoma energy companies

Environmental advocacy group Sierra Club said it filed a lawsuit against energy companies involved in Oklahoma shale in part because of the rise of earthquakes. The U.S. Geological Survey reported Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Railroads

CSX Sees First-Quarter Earnings Falling on Lower Volumes

The Jacksonville, Fla., railroad has been struggling with a secular decline in coal and shifts in other energy markets. The company said Wednesday that intensifying coal headwinds and the impact Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Noble Energy Writes Down $1.27 Billion in Assets

Noble Energy Inc. swung to a multibillion-dollar loss as the oil-and-gas producer wrote down the value of assets amid the decline in energy prices. Still, excluding certain costs, Noble posted Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Bakken December Data, Big Decline

Bakken production was down 28,604 barrels per day to 1,096,044 bpd. All North Dakota was down 29,506 bpd to 1,152,280 bpd. This is just the last two years of the Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Oil Supply

Deepwater Sector In Deep Trouble

Oil majors’ exit from pricey Gulf of Mexico projects, amid dozens of deferrals in deepwater exploration and production, is leaving the sector high and dry. Drilling activity in the deepest Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota Oil Production Dips As Low Prices Weigh

North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Shale Faces March Madness as $1.2 Billion in Interest Comes Due

The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March as $30-a-barrel oil makes it harder for companies to scrape up the Continue Reading

Posted On : 18 Feb 2016 Published By : Tom Whipple

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