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Month: January 2017

Category:
  • China
  • Climate
  • USA

Xinhua: U.S. wasting opportunity in clean energy

Decoupling the U.S. economy from the renewable energy sector might not work as designed, a column in China’s official Xinhua News Agency read. U.S. President Donald Trump put the fossil Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • USA

Oil state Texas still facing some economic pressures

The Texas oil and gas industry stabilized during the latter half of last year, though there are secondary pressures remaining, an economist said. Energy executives responding to a survey from Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • Canada
  • Tar Sands

Oil Sands Are An Easy Target But They Are Going Nowhere

Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer in Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • Offshore

BP Production to Grow with Thunder Horse South Expansion

BP plc made another step towards its goal of adding 800,000 barrels of new production by 2020 with the start of production in December from the Thunder Horse South Expansion Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • USA

Halliburton Says N. America Revenue Growth May Beat Rig Count Rise

Halliburton Co, the world’s No. 2 oilfield services provider, said its revenue growth this year would meet or outpace the increase in the number of drilling rigs in North America. Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • Natural Gas Supply
  • Prices
  • USA

Why Cheap Natural Gas Is History

Natural gas prices averaged a little more than $2.50 per mmBtu (million British Thermal Units) in 2016. Those days are over. Prices will average at least $3.50 to $4.00 in Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • USA

State of the Sector: Oilfield Services’ Struggle May Persist In 2017

Despite oil prices nestled in the $50s for the last few weeks, it’s not enough to stop the cratering of the oilfield services sector this year, some analysts forecast. Editor’s Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • China
  • Russia

Russia beats Saudi Arabia as China’s top crude oil supplier in 2016

Russia overtook Saudi Arabia in 2016 to became China’s biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • Russia

Gazprom Mulls $6 Billion Asset Sales, Dividend Freeze

Gazprom PJSC, the world’s biggest natural gas producer, is considering asset sales, freezing dividends and increasing its borrowing as export earnings wane, according to its three-year budget. The state-controlled company Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple
Category:
  • Russia

Russia Locks In on What’s Wrong With Ruble During Oil Frenzy

Untethering the ruble helped Russia ride out the biggest oil downturn in a generation. But it’s left the world’s biggest energy exporter vulnerable to greater volatility in crude prices as Continue Reading

Posted On : 24 Jan 2017 Published By : Tom Whipple

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