Angola Set To Finally Boost Its Oil Production
After years of declines in crude oil production, one of OPEC’s largest African producers, Angola, is finally about to see its production rising in the coming years, with several new Continue Reading
China’s Economic Growth Slows to 6.1% as Trade and Business Confidence Suffer
The U.S. and China signed a deal marking a truce in the trade war between the two nations, with President Trump saying it was a “momentous step” toward a future Continue Reading
Japanese Only Operational Nuclear Reactor Shut, Increasing Fuel Costs
A Japanese high court has ordered local utility Shikoku Electric Power Company to continue idling its only operational nuclear reactor until the company provides a satisfactory proof that the reactor Continue Reading
Floods, road closures in Australia as storms lash some bushfire-hit regions
Parts of Australia’s east coast were hit by severe storms on Saturday, dousing some of the bushfires that have devastated the region for months but causing road closures and flash Continue Reading
The $119 Billion Sea Wall That Could Defend New York … or Not
Picture a storm charging toward New York City, pushing a surge of seawater like the one that flooded the region during Hurricane Sandy. But this time, man-made islands with retractable Continue Reading
Oil Rig Count Rises For The First Time In 4 Weeks
Oil bulls will get no help this week before the week’s end, with Baker Hughes reporting that the number of oil and gas rigs in the US increased this week, Continue Reading
Why Oilfield Service Giants Are Dumping Assets
The three biggest oilfield service providers have all announced asset sales as they adapt to an environment featuring laxer demand for their services, Reuters reports . Halliburton is selling its Continue Reading
US Oil Production To Grow While Energy Emissions Are Set To Drop
While U.S. crude oil production is set to continue to rise, energy-related carbon dioxide (CO2) emissions in America are expected to have dropped last year and to continue falling through Continue Reading
Anticipating a slowdown in the US oil patch, Schlumberger charts new course
Forecasting a significant contraction in North American oil and gas activity for 2020, Schlumberger Friday unveiled a 2020 strategy focused on expanding margins by shrinking its less profitable business lines. Continue Reading
Analysis: Coal plants’ share of AESO generation continues slide, as gas’ share surges
Coal-fired generation continued to decrease its share of the Alberta Electric System Operator’s supply in 2019, largely being replaced by natural gas generation, a trend that is likely to continue Continue Reading