Venezuela’s “Oil Fire Sale” To Benefit Russia, China
The focus is the company’s ability to pay bond interest due in two months. Doing so is crucial. But as of this morning, that prospect is dwindling. Along with it Continue Reading
Saudis Expects To Exceed Renewable Energy Targets
Riyadh plans to surpass its commitment to generate 9.5 gigawatts of energy from renewables in order to boost its commitment to green energy and climate-friendly initiatives, according to a government Continue Reading
KRG reaches landmark deal with DNO and Genel
Iraq’s autonomous Kurdistan Regional Government (KRG) on Thursday gave extra project equity and profit payments to two of its earliest international oil investors to absolve outstanding debts – a deal Continue Reading
Revolution or evolution? Iraq shakes up Asian oil trading: Russell
There is little doubt that Iraq’s mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil, but is it Continue Reading
Kurdish Independence Could Deal A Major Blow To Oil Markets
The future stability of OPEC’s second-largest oil and gas producer could be decided by the end of 2017. Unrest is growing in Iraq as the Kurdish referendum grows nearer. Soon, Continue Reading
U.S. Lays Groundwork for Saving Coal Plants With Grid Report
Report on electic grid touts value of coal-fired power Calls for ways to compensate reliability of coal, nuclear The Energy Department , in a long-anticipated report on the security of Continue Reading
Oil-rich Alberta shows early signs of economic recovery
The provincial economy in oil-rich Alberta is expected to grow faster than expected, though some metrics paint a mixed picture of the recovery, data show. The provincial government forecast growth Continue Reading
While keeping CPP litigation on ice, judges warn EPA about delaying GHG regulation
A federal appeals court has extended by 60 days the abeyance period for the Clean Power Plan litigation pending the Environmental Protection Agency’s review of that regulation. But in an Continue Reading
Texas Update, August 2017
Dean Fantazzini has provided his latest estimates for Texas Oil and Natural Gas output. Data below is for Texas C+C estimates in kb/d. Data below is for Texas Natural Gas Continue Reading
It’s Been a Bad Month for Some of America’s Most-Loved Oil Plays
Assets tied to shale producers, particularly those in America’s most-coveted oil field, have fallen this August thanks to concerns about oversupply. The good news for U.S. producers: the chief executive Continue Reading