Abu Dhabi’s $125 Billion Empire From Pipelines to Spaceships
Abu Dhabi, home to 6 percent of the world’s oil reserves, plans to merge two of its largest sovereign investment funds to form an asset pool more than twice the Continue Reading
Senegal not yet paying off for Australian company FAR Ltd.
Australian energy company FAR Ltd. said it bet heavily on offshore Senegal, though revenue year-on-year was lower by more than 50 percent. FAR is focusing the bulk of its spending Continue Reading
NNPC Denies Increase in Petrol Pump Price
The Federal Government yesterday dismissed a possible hike in the price of petroleum products. The Group Managing Director (GMD), National Petroleum Corporation (NNPC), Maikanti Kachalla Baru, after a closed-door meeting Continue Reading
Global coal power plans fall in 2016, led by China, India: study
A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, Continue Reading
Shell starts new production in Gulf of Mexico
After taking a partial cash offer for assets in the region, Royal Dutch Shell said it started production at its deepest project yet in the Gulf of Mexico. Shell said Continue Reading
Enbridge to Buy Spectra Energy in $28 Billion Deal
Under the deal, announced jointly by the companies, Spectra Energy shareholders will receive shares of Enbridge valued at around $40.33 each, or a premium of about 11.5%, based on the Continue Reading
US services growth slips to lowest level in six years
Growth in the vast US services sector in August fell to the lowest level since early 2010, adding fuel to concerns sparked by an unexpected factory slowdown. The Institute for Continue Reading
California is using more renewables and less natural gas in its summer electricity mix
California Independent System Operator (CAISO) as accessed through ABB Velocity Suite Note: Summer is defined as June, July, and August. The mix of energy sources used for power generation in Continue Reading
Dakota Access Pipeline Saga Turns Violent
Dakota Protestors The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native Continue Reading
Enbridge May Have Just Touched Off a ‘Supermajor’ Race for Pipes
Operators need to be “bigger, faster, stronger”: analyst Year’s biggest pipeline deal follows rout in energy prices Is the North American pipeline sector about to be consumed by merger mania? Continue Reading