Trump’s Atlantic Drilling Plan May Be A Lost Cause
A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump Continue Reading
Why Tesla Is Interested In Offshore Wind
Platt’s recently reported that global offshore wind capacity could double to 34 GWs by 2020, growing at a compound rate of 19 percent per year. The rapid expansion would be Continue Reading
Total Buys Maersk Oil for $4.95 Billion
French oil company Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S’s oil unit for $4.95 billion, the latest sign activity is returning to the sector following a Continue Reading
Old Oil Is New Again
Conventional drilling in old fields is starting to look more attractive as low crude prices make some fracking operations too expensive to pursue. Shown, an oil well outside Bakersfield, Calif. Continue Reading
Canada’s Oil Industry Doomed If Prices Fall Lower
Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell, Continue Reading
As U.S. Exports Gas to Europe, Russia Digs In
U.S. attempts to export natural gas into Europe’s energy market are facing stiff resistance from the region’s dominant player: Russia. A tanker is scheduled to arrive in Lithuania this week Continue Reading
Oil Prices Lag In Spite Of Strong Inventory Draws
-Global crude oil inventories are drawing rapidly. US crude supplies have dropped from 536m on in late March to 466m (a 20-month low) as of last week implying average daily Continue Reading
Crude Market Shows Enduring Strength Beyond Seasonal Peak
WTI barrels surge to levels not seen in more than a year Middle East, Latin American crudes also trading strongly The market for physical barrels of crude from places as Continue Reading
Oil Prices Climb As Oil Rig Count Drops
The number of active oil and gas rigs in the United States fell this week by 3 rigs as drillers in the United States proceed more cautiously as oil prices Continue Reading
Oil Prices Boosted By String Of Bullish News
Oil prices fell significantly this week, although they regained some ground on Friday. Reports of weak Chinese demand deflated the market, but a rather bullish EIA report, a weaker U.S. Continue Reading