Brazil’s Pre-Salt Areas Attract 17 Major Oil Bidders
As many as 17 companies have registered to bid next month in two rounds of exploration license awards in Brazil’s pre-salt layer, Brazilian Oil and Gas Secretary Marcio Felix said Continue Reading
U.S. shale sector at critical price threshold: Kemp
Forward U.S. oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilize drilling activity over the next two months. But Continue Reading
Alberta anticipates oil sands production boom
Through one of the largest investments in provincial history, expansions to an oil sands project in Alberta triggers big gains in output, its premier said. Alberta Premier Rachel Notley was Continue Reading
Supermajors Prepare For A Permian Bidding War
BHP announced their plans to divest their U.S. shale assets, including a 123,000-acre position in the heart of the Delaware Basin. This acreage position, in terms of a pricing evaluation, Continue Reading
Alberta Banking On An Oil Sands Boom
Alberta Premier Rachel Notley cut the ribbon that marked the official opening of an oil sands expansion project near Fort McMurray on Wednesday. The new project is expected to produce Continue Reading
A123 Systems invests in solid-state battery technology company Solid Power
A123 Systems LLC, a developer and manufacturer of advanced lithium-ion batteries and systems, has invested in Solid Power Inc., a developer of solid-state battery technology. Solid Power’s technology combines an Continue Reading
Trump Administration will Waste Billions by Disregarding Science in Hurricane Recovery
The Trump administration is consciously choosing to reject climate science in its plan to rebuild from superstorms Harvey and Irma. And that means their reconstruction of Houston and Florida will Continue Reading
Valero Houston Plant Underestimated Harvey Benzene Leak
Valero Energy Partners’ Houston refinery suffered a hurricane-related spill Aug. 27 from a light crude storage tank, the Environmental Protection Agency said. The chemical plant that released a cloud of Continue Reading
EIA projects 28% increase in world energy use by 2040
Source: U.S. Energy Information Administration, International Energy Outlook 2017 The U.S. Energy Information Administration’s latest International Energy Outlook 2017 (IEO2017) projects that world energy consumption will grow by 28% between Continue Reading
Sources Say Trump’s Citgo Sanctions Are Working
Trading sources say President Donald Trump’s new sanctions against Venezuela’s American refining unit, Citgo, have succeeded in making it difficult for the PDVSA subsidiary to order crude for its facilities, Continue Reading