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Month: July 2016

Category:
  • USA

Despite Industry Pleas, Obama Imposes Costly Arctic Drill Rules

Oil industry leaders say mandates will thwart development Regulations to cost an estimated $2 billion over 10 years Energy companies that hunt for crude in icy Arctic waters will have Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Congress

House leader threatens subpoena over Exxon climate probe

Legal force may be needed to compel state attorneys general and environmental groups to clarify their climate charges against Exxon Mobil, a House leader said.  Rep. Lamar Smith, R-Texas, the Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Oil Supply

Lockheed Tech Breakthrough Is About To Revolutionize Oil Exploration

A new sensor developed by Lockheed Martin and Neos will be able to find the location of precious metals and fossil fuels buried under the Earth’s surface by detecting the Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

Oil Drillers On Thin Ice As Banks Tighten Credit

Two years on from the beginning of the decline in oil prices, lenders continue to tighten access to finance for oil and gas drillers. Having been burned repeatedly by false Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

Oil-Sands Crude Returns to U.S. Market When It’s Less Needed

U.S. oil imports from the north fell to lowest since April Canadian oil is back to market after Alberta wildfire Canadian oil-sands producers who are restoring production after wildfires are Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Oil Supply

Big Oil Ready To Start Spending Again

Large oil and gas companies seem to be looking at new opportunities to invest, to capitalize on the future growth in oil demand. The confidence to invest in operations with Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Shale Gas

Chesapeake hit with another Barnett Shale suit

Chesapeake Energy has once again become the target of a lawsuit by property owners in the North Texas Barnett Shale region alleging the producer underpaid millions of dollars of royalties Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Natural Gas Supply

Hot weather along US East Coast sends power prices, demand soaring

US East Coast power markets saw prices spike into triple-digit territory Thursday as loads approached the highest levels so far this year. High temperatures along the East Coast Thursday were Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • International Oil Companies

Exclusive: Shell CEO warns Brexit could slow $30 billion asset sale plan

Royal Dutch Shell’s ( RDSa.L ) chief executive, Ben van Beurden, has told investors that Britain’s decision to exit the European Union could slow its $30 billion asset sale plan, Continue Reading

Posted On : 8 Jul 2016 Published By : Tom Whipple
Category:
  • Prices

Oil prices rise on U.S. stock draw but economic worries remain

Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut Continue Reading

Posted On : 7 Jul 2016 Published By : Tom Whipple

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