Cuban oil explorer lifted by easing U.S. sanctions
One of the few foreign energy companies working in Cuba said the momentum is moving in its favor as the U.S. government eases restrictions on its Cold War foe. The Continue Reading
The world’s nine largest operating power plants are hydroelectric facilities
U.S. Energy Information Administration, based on International Commission on Large Dams and IAEA Power Reactor Information System Note: Japan’s Kashiwazaki-Kariwa nuclear facility has not operated since being shut down in Continue Reading
China September crude output in second-biggest decline on record
China’s crude oil production fell 9.8 percent in September from a year earlier, marking the second-biggest year-on-year decline on record, government data showed, as major producers shut high-cost wells to Continue Reading
China Crude Output Stabilizes After Falling to Six-Year Low
September oil output rose 0.3% from August to 3.9 million b/d Country’s production likely won’t rebound this year: ICIS China’s crude output stabilized after falling to the lowest level in Continue Reading
China GDP on target with 6.7% growth
The Chinese economy expanded at an annual rate of 6.7 percent in the third quarter, in line with the government’s full-year target, but exacerbating fears of inflated corporate debt levels Continue Reading
Deepwater projects survive low oil price, executives say
The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, but activity will focus on regions such as Brazil and the Gulf Continue Reading
U.S. coal industry hopes for respite after perfect storm: Kemp
The massive Big John dragline works to reshape the rocky landscape in some of the last sections to be mined for coal at the Hobet site in Boone County, West Continue Reading
Another quarter of weak results looms for U.S. refiners
U.S. independent refiners such as PBF Energy ( PBF.N ) and Phillips 66 ( PSX.N ) are expected to report another quarter of disappointing profits in coming weeks, as hopes Continue Reading
Shale Drillers Are Going Long — Not Deep — in the Oil Patch
SM Energy’s $1.6 billion Permian buy is ripe for long wells A well in Ohio holds the unofficial record at 18,544 feet Long is the new deep. Just ask SM Continue Reading
Oasis Deal Shows Bakken’s Not Dead Yet as Drilling Costs Drop
North Dakota drilling costs have fallen by half since 2014 Exit of other explorers ‘creates some opportunity,’ CEO says Oasis Petroleum Inc.’s double-down on North Dakota’s Bakken oilfields shows the Continue Reading