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Month: January 2017

Category:
  • Nigeria

Fitch Downgrades Nigerian Rating Outlook on Dollar Shortages

Fitch Ratings Ltd. revised the outlook on Nigeria to negative from stable over concerns that a lack of foreign exchange will hamper the economy, and affirmed the West African nation’s Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Panama

Tankers: Panama Canal delays reduced but still averaging three-six days

The waiting time for non-booked Panamax-class vessels on the Panama Canal is about six days, a Panama Canal Authority manager said Wednesday. “Neopanamax slots are almost 100% sold for the Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Pipelines

Trump probably can’t require pipelines to use U.S. steel

President Donald Trump on Tuesday invited the promoter of the Keystone XL pipeline to re-submit its application for a permit and promised an expeditious review. But Trump’s memorandum on Keystone Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

East Coast crude stocks rise by most since 1998: EIA

U.S. East Coast crude stocks rose by 3.4 million barrels last week to 17.7 million barrels, the biggest weekly rise since 1998, data from the U.S. Energy Information Administration showed Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Pipelines

As Trump Pushes Pipelines, Activists Prepare for Local Battles

As the Trump administration moves to push forward the Dakota Access and Keystone XL pipelines, environmental groups are gearing up for local fights. On Tuesday, Trump invited TransCanada Corp. to Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Shale Oil

A pivotal shift in Texas shale

Emerging U.S. shale player Halcon Resources said it spent more than $700 million to shift its priorities in its Texas operations. The company said it spent $705 million to acquire Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Pipelines

Keystone XL Still Faces Obstacles Even With Trump’s Approval

President Donald Trump moved to fulfill one of his campaign promises on Tuesday, signing an executive order to revive the Keystone XL and Dakota Access Pipelines. The former had been Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Pipelines

Energy Transfer Goes Silent on Dakota Access After Trump Move

Energy Transfer Partners LP got a boost on Tuesday when President Donald Trump threw his weight behind its controversial Dakota Access oil pipeline. While rival TransCanada Corp. promptly commented on Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • Pipelines

While Trump Backs Oil Pipelines, Gas Lines Are in Limbo

While President Donald Trump works to advance two controversial oil pipelines — Dakota Access and Keystone XL, a war’s being fought in Washington over a whole other set of lines: Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

ExxonMobil appoints climate scientist to board

ExxonMobil has appointed a leading atmospheric scientist to its board as it bolsters its response to concerns about climate change. Susan Avery, a former director of the Woods Hole Oceanographic Continue Reading

Posted On : 26 Jan 2017 Published By : Tom Whipple

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