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Month: May 2016

Category:
  • Kuwait

Despite Low Oil Prices, Kuwait Plans To Invest $42 Billion By 2022

Iran Kuwait Offshore Field Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Arabia Needs Realism, Not a 2030 Vision

The recently published economic reform plan for Saudi Arabia, Vision 2030, is completely unrealistic, writes ex-Shell geoscientist Jilles van den Beukel. He argues that it should be seen in the Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Colombia

Rebel bombing shuts down key Colombian oil pipeline

Colombia’s second-largest oil pipeline has been taken offline by a rebel attack which spilled crude oil into the Bojaba river, this is the fourteenth such attack this year. While no Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • India
  • Venezuela

Oil-for-Drugs Swap: India’s Answer to Venezuela’s Unpaid Bills

Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American company swap Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Climate
  • India

Hottest day recorded in India’s Rajasthan

Image caption The weather office has issued several warnings of “severe heat wave” conditions in recent days A city in India’s Rajasthan state has broken the country’s temperature records after Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Oil Supply

Crude tanker storage fleet off Singapore points to stubborn oil glut

Prices for oil futures have jumped by almost a quarter since April, lifted by severe supply disruptions caused by triggers such as Canadian wildfires, acts of sabotage in Nigeria, and Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • USA

Texas oil company to restructure

A Texas oil company working in the state shale basins, as well as those in North Dakota, said it was working to eliminate its debt through a restructuring plan. Halcon Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Solar

Solar power getting cheaper in the United States

The cost of installing solar energy in the United States is down more than 50 percent since the start of a federal support program, the Energy Department said. The federal Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • Shale Gas

Many natural gas-fired power plants under construction are near major shale plays

Natural gas-fired capacity additions include plants completed and under construction. Natural gas-fired power generation increased 19% in 2015, because of low natural gas prices , increased gas-fired generation capacity , Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple
Category:
  • USA

Another Big U.S. Driller Goes Bankrupt

Halcon Bankruptcy Halcon Resources Corp (NYSE:HK) announced yesterday that it is filing for Chapter 11 bankruptcy protection as part of a restructuring agreement with creditors—a move that could wipe out Continue Reading

Posted On : 20 May 2016 Published By : Tom Whipple

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