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Article Archive | Page 1161

OPEC: 50% Compliance To Output Deal Is ‘Enough’

Jan 13, 2017 at 10:36

Just two weeks into the OPEC supply-cut deal and a day after Saudi Arabia signaled that it had cut more than pledged, the cartel itself does not see more than…

New Data Points To Rebound In Offshore Oil

Jan 13, 2017 at 09:42

Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore…

The Top 5 Places To Work In U.S. Oil And Gas

Jan 12, 2017 at 16:03

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five…

Oil Discoveries To Rebound From Rock Bottom

Jan 12, 2017 at 15:53

The tough couple of years that oil companies had to go through with the oil price crash has forced many of them to slash exploration investment. Significantly reduced capital expenditure…

U.S. Nuclear Power Plants Continue To Close

Jan 12, 2017 at 15:48

New York City’s major source of electricity for more than four decades could be taken offline in the next few years, a major victory for the state’s governor, who has…

Four Factors Fueling Canada’s Oil Recovery

Jan 12, 2017 at 14:32

For an energy veteran like me, North America’s oil industry reminds me of “That’s Life,” the classic Frank Sinatra tune. After every oil price crash I can imagine Ol’ Blue…

SpaceX’s Next Act Is A Critical One

Jan 12, 2017 at 13:47

For investors in the next generation of energy and in the emerging next-gen aerospace field, SpaceX’s story is a useful lesson. It has been a tough three months for SpaceX.…

Saudis Cut Even More: Oil Production Falls To 2 Year Low

Jan 12, 2017 at 12:10

Saudi Arabia has cut oil output to its lowest level in two years, reaching below 10 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Thursday, jump-starting…

EIA: Brent Prices To Average $53 In 2017

Jan 12, 2017 at 10:56

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and…

All Copper Exports From This World-Leading Nation Stopped Last Night

Jan 12, 2017 at 10:26

I wrote in late December about a looming crisis in Indonesia’s mining sector. And yesterday, it hit. Officials at Indonesia’s mining ministry confirmed that miners including Freeport-McMoRan have…

The Math Doesn’t Add Up For The OPEC Deal To Work

Jan 12, 2017 at 09:28

The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale…

Blockbuster Oil Deal In Argentina Could Trigger Drilling Boom

Jan 11, 2017 at 16:21

A blockbuster deal between the oil and gas industry, labor unions, and the Argentine government could pave the way for a flood of new investment in shale oil and gas…

Shale Break-Even Level Could Rise $10 In 2017

Jan 11, 2017 at 16:11

The joy for shale producers stemming from rising oil prices following the OPEC production cut agreement may soon be over as oilfield service providers join the party, raising the prices…

How Tillerson Could Jeopardize Geopolitics In Iraq

Jan 11, 2017 at 16:06

Former oil executive Rex Tillerson’s history of politically damaging oil dealings in the Middle East could jeopardize the future of a united Iraq as he assumes the position of U.S.…

Real Innovation In The Oil Patch Is Found In Data Analytics

Jan 11, 2017 at 15:49

Across all of business there is a lot of interest in Big Data, Business Intelligence, Predictive Analytics, and other data related fields these days. Tools in these fields are particularly…

U.S. Shale Jobs Are Coming Back

Jan 11, 2017 at 14:04

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…

Total Ups Its Stake In Uganda’s Oil Development

Jan 11, 2017 at 13:25

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…

Toshiba Loses Billions On U.S. Nuclear Write-Offs

Jan 11, 2017 at 12:43

As a sort of financial casino, Wall Street permits its customers to indulge in all sorts of financial risk. Short selling, for example, betting on a stock's decline as opposed…

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

Jan 11, 2017 at 11:42

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…

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

Jan 11, 2017 at 09:51

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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