Texas energy sector recovery in its infancy
Energy sector components are aligning to spawn recovery in Texas, the No. 1 oil producer, but it’s still early in the expansion, an industry economist said. As the top oil Continue Reading
Oil Major BP Buys Boone Pickens’ Clean Energy Assets
BP is investing $155 million in production facilities for Clean Energy Fuels Corp.’s Redeem-branded renewable natural gas. The deal supports both companies’ role in the future of RNG, or biomethane, Continue Reading
US crude exports hit record levels in January, February
US crude exports hit record highs in January and February, as domestic crude price discounts to Brent and Dubai widened significantly, an S&P Global Platts analysis of government data showed Continue Reading
Shale Billionaire Hamm Says Industry Binge Can ‘Kill’ Oil Market
Harold Hamm, the billionaire shale oilman, said the U.S. industry could “kill” the oil market if it embarks into another spending binge, a rare warning in a business focused on Continue Reading
Shell agrees $7.25 billion Canadian oil sands sale
Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural, the company said on Thursday. The deal also includes a Continue Reading
Shell Cuts Debt With $7.25 Billion Sale of Canada Oil Sands
Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of Continue Reading
Can U.S. Shale Fight Off Rising Costs?
Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs. The IEA says that U.S. Continue Reading
Optimism pervades US coal industry amid fewer regulations: forum
Optimism pervaded the coal industry Wednesday as it gathered at the American Coal Council’s Spring Coal Forum in Clearwater, Florida, as the early days of the Trump administration have brought Continue Reading
Crude prices fall on likely U.S. stocks build
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output Continue Reading
Oil Prices Hold Steady Ahead Of Inventory Data
Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose Continue Reading