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Texas Has A New Favorite Energy Source

Texas Has A New Favorite Energy Source

Texas, known world-wide for its…

The Case For $100 Oil

The Case For $100 Oil

According to Bank of America…

News

Tesla, Panasonic Reportedly Halt Nevada Gigafactory Expansion

Tesla, Panasonic Reportedly Halt Nevada Gigafactory Expansion

Apr 11, 2019 at 16:34 | Tsvetana Paraskova

Tesla and Panasonic have suspended plans to expand the battery capacity production of Gigafactory 1 in Nevada amid concerns that demand for Tesla’s electric vehicles may be weakening, business news…

Western Canada Sheds 17.5% Of Oil, Gas Producers Since 2014

Western Canada Sheds 17.5% Of Oil, Gas Producers Since 2014

Apr 11, 2019 at 13:44 | Tsvetana Paraskova

The number of active oil and gas producing companies in Western Canada declined by nearly 17.5 percent between December 2014, when oil prices were already crashing, and December 2018, a…

Shell Sells Billion Dollar Gulf Of Mexico Asset

Shell Sells Billion Dollar Gulf Of Mexico Asset

Apr 11, 2019 at 11:21 | Irina Slav

Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million. Besides the…

Paris Agreement Could Trigger Free Fall In Oil Demand

Paris Agreement Could Trigger Free Fall In Oil Demand

Apr 11, 2019 at 09:42 | Irina Slav

Crude oil demand could begin declining steadily from 2025 onwards if governments and industries get serious about tackling climate change and reducing emissions, asset manager Legal and General Investment Management…

A Pivotal Moment For Natural Gas Demand

A Pivotal Moment For Natural Gas Demand

Apr 10, 2019 at 17:49 | Julianne Geiger

US natural gas-fired combined-cycle capacity overtook coal-fired capacity in 2018, the US Energy Information Administration reported on Wednesday. In the United States, natural gas-fired combined-cycle (NGCC) capacity has increased…

High-Hyped $12B Aramco Bond Sees Disappointing First-Day Moves

High-Hyped $12B Aramco Bond Sees Disappointing First-Day Moves

Apr 10, 2019 at 17:37 | Julianne Geiger

After seeing significant interest with an unprecedented $100 billion in orders on Tuesday, Aramco’s bond saw but mild upward moves on Wednesday, its first day out of the gate.…

UAE Oil Minister: OPEC Won’t Repeat Last Year’s Mistakes

UAE Oil Minister: OPEC Won’t Repeat Last Year’s Mistakes

Apr 10, 2019 at 17:27 | Tsvetana Paraskova

OPEC and its allies in the production cut deal are committed to rebalancing the market and will not repeat last year’s preemptive production increase to offset expectations of oil…

Does Puerto Rico Need More Natural Gas?

Does Puerto Rico Need More Natural Gas?

Apr 10, 2019 at 14:04 | Tsvetana Paraskova

The U.S. Department of Energy (DoE) believes that more natural gas-powered capacity will be in the best interest of recovering Puerto Rico’s power grid, Bruce Walker, Assistant Secretary at the…

Equinor Delays $6B UK Oil Field Start-Up, Again

Equinor Delays $6B UK Oil Field Start-Up, Again

Apr 10, 2019 at 11:45 | Tsvetana Paraskova

Norway’s Equinor is pushing back the start-up of a major heavy oil field offshore the UK to the second half of this year in order to check all electrical…

Venezuela’s PDVSA Opposition Board Could Decide Citgo’s Fate

Venezuela’s PDVSA Opposition Board Could Decide Citgo’s Fate

Apr 10, 2019 at 10:42 | Tsvetana Paraskova

The National Assembly of Venezuela—dominated by the opposition—has authorized the parallel opposition-elected board of state oil firm PDVSA to negotiate the company’s foreign debts, including whether to make later…

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