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Month: March 2016

Category:
  • Iraq

Oil minister steps down ahead of Cabinet shake-up

Updates include: Abd al-Mahdi’s internal memo names interim replacement Analysis of resignation, political landscape, and pending Cabinet reshuffle IOC contracts and NOC exports remain in state of uncertainty Iraqi Oil Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Iraq

Iraq Oil Minister Suspends Duties Citing Political Disarray

Iraq’s Oil Minister Adel Abdul Mahdi suspended his participation in the cabinet, citing disarray in government ministries in OPEC’s second-biggest supplier. Abdul Mahdi said in a letter posted on his Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Yemen

Yemen: Cease-Fire To Begin April 10

A cease-fire will take hold across Yemen on April 10, and fresh peace talks with begin April 18 in Kuwait, Special Envoy of the U.N. Secretary-General for Yemen Ismail Ould Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Mozambique

Exxon Mobil in Talks to Buy Stake in Big Mozambique Gas Project From Eni SpA

Exxon Mobil Corp. is in advanced talks to acquire a stake in a giant Mozambique natural gas development project from Italy’s Eni SpA, a sign that major oil companies are Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • China

China Seen Sustaining Strong Crude Imports on Refining, Reserves

China’s crude imports will rise further from a record this year to feed its expanding refining sector and strategic reserves, according to Standard Chartered Bank. The nation’s average crude imports Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Shale Gas

Natural-Gas Producers Face Painful Spring

Natural gas is drilled in Pennsylvania. U.S. natural-gas production hit its highest level ever over the winter even in the face of low prices, a conundrum at the heart of Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • USA

U.S. Oil Explorers Return to Parking Rigs as Inventories Build

The Market Trends That Might Signal Oil Has Bottomed Explorers once again idled drilling rigs in U.S. oilfields as crude inventories continue climbing, boosted by a surge in imports. Rigs Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Transportation
  • USA

U.S. motor travel up 2 percent in January from last year

U.S. road travel rose by 2 percent in January over last year, setting a fresh record for the month, government data showed on Thursday, providing evidence that the U.S. road Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Shale Oil

Shale Euphoria: The Boom and Bust of Sub Prime Oil and Natural Gas

Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple
Category:
  • Transportation

CMU study shows autonomous vehicle algorithms can have considerable effect on fuel economy; need for new approaches in testing

Autonomous vehicle driving behavior can have a considerable effect on fuel economy. Researchers in the College of Engineering at Carnegie Mellon University have determined that fuel efficiency for self-driving cars—within Continue Reading

Posted On : 25 Mar 2016 Published By : Tom Whipple

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