Canada sees emerging role for wind energy
With economic diversification on the agenda in Canada, the country’s natural resources minister said this may be the start of the era for wind energy. Wind energy advocates and government Continue Reading
Oil Rises as Refiners Pick Up Pace
Oil prices rose to a one-month high after U.S. data gave hope that the country’s building crude stocks would soon reverse direction and begin falling. Refinery activity rose well beyond Continue Reading
Natural Gas Jumps After Stockpile Data
Natural-gas prices rose to a two-month high after government data showed a smaller-than-expected storage addition for last week. The U.S. Energy Information Administration said natural-gas stockpiles grew by 2 billion Continue Reading
Did The Banks Just Give U.S. Shale A Carte Blanche?
Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s Continue Reading
Trump to OK new offshore plan, reverse Arctic, Atlantic bans: sources
The Trump administration is developing at least one order aimed at both a new five-year offshore oil and natural gas leasing plan and reversing an Obama administration decision to bar Continue Reading
Hiring Bounces Back in 2017 for Oilfield Services Onshore, Offshore
Onshore recruiting is underway again, and hiring for positions offshore may not be too far behind, according to recent announcements. A recent spike in hiring announcements suggests oilfield services companies Continue Reading
Lawmakers Confuse Themselves on Climate Change
Last week, the day after President Trump signed an executive order to undo his predecessor’s efforts to fight climate change, the House Committee on Science, Space and Technology held a Continue Reading
Bankrupt Oil Companies Pay Huge Bonuses To CEOs
The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives Continue Reading
Wind turbine maker Vestas looks at expanding into energy storage
Denmark’s Vestas, the world’s largest wind turbine maker, is keen to expand into areas such as energy storage to increase the global use of wind power and bring costs down. Continue Reading
Oil Rises as Refiners Pick Up Pace
Oil prices edged higher Thursday after U.S. data gave hope that the country’s building crude stocks would soon reverse direction and begin falling. The latest weekly data from the Energy Continue Reading