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Energy

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U.S. Shale Jobs Are Coming Back

Jan 11, 2017 at 14:04 | Rakesh Upadhyay

The U.S. shale oil recovery is now gaining momentum, and for the first time since September 2014, the U.S. oil and gas extraction and support services jobs increased by 3,300…

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Total Ups Its Stake In Uganda’s Oil Development

Jan 11, 2017 at 13:25 | Ronke Luke

Total increased its stake in Uganda’s oil development with the purchase of 64.71 percent of Tullow Oil’s interests in Exploration Areas 1, 1A, 2 and 3A. The agreement announced…

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World Bank: Trump To Boost U.S. Economic Growth And Commodities

Jan 11, 2017 at 11:42 | Frik Els

A pillar of president-elect Trump's economic plan is fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending. Trump's victory sparked a rally in the copper…

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Oil Slips And Bounces Back After EIA Reports Significant Builds Across The Board

Jan 11, 2017 at 09:51 | Irina Slav

Amid growing bearish sentiment towards oil prices, the Energy Information Administration reported a build of 4.1 million barrels in crude oil inventories for the week to January 6, a…

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EIA Sees 2017 U.S. Oil Output Rising By 110,000 Bpd

Jan 11, 2017 at 09:19 | Irina Slav

The Energy Information Administration said in its latest Short-Term Energy Outlook that crude oil production in the U.S. this year will average 9 million barrels daily, or 110,000 bpd…

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Low Oil Prices Could Last As OPEC Cuts Won’t Suffice

Jan 10, 2017 at 16:32 | Arthur Berman

An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced…

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Iraq Could Kill The OPEC Deal

Jan 10, 2017 at 16:19 | Michael McDonald

OPEC made an early New Year’s resolution when it promised the world that it will get thin – or more accurately that it will thin its output in an effort…

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Seismic Industry Still Reeling From Oil Price Bust

Jan 10, 2017 at 16:16 | Tsvetana Paraskova

The exploration and production business has been bearing the brunt of slashed investment and reduced budgets in the wake of the oil price crash. Yet, another industry dependent on E&P…

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U.S. Oil And Gas Jobs See First Gains In 2 Years

Jan 10, 2017 at 15:16 | Nick Cunningham

Rising rig counts and an uptick in drilling activity is leading to a rebound in employment in the oil and gas industry, according to recent data. Payrolls in the oil…

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Uncertainty Looms Over Australian LNG

Jan 10, 2017 at 15:13 | Gregory Brew

While U.S. LNG looks set to be competitive in 2017, reaching export markets in Latin America and East Asia, a significant source of competition will be Australia, the other Pacific…

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