Charles Kennedy

Latest articles from Charles

• Could Santa’s Sleigh Go Electric?

  Published 25 December 2016 | viewed 17,226 times

  Indeed, it’s time to give Santa’s reindeer a break, so this year, rumor has it, they’re just along for the ride as Santa goes electric,…

• Offshore Drillers Could Cut Costs By 30% With Standardized Equipment

  Published 24 December 2016 | viewed 10,833 times

  The offshore oil industry could cut exploration costs by more than 30 percent if it would just agree to use standardized equipment, according to the…

• Oil Price Roulette: Investors Bet On $100 Oil

  Published 24 December 2016 | viewed 56,986 times

  Oil prices are rising and speculators are already staking out bullish positions on futures for the next few months, but some traders are rolling the…

• Shale Gas Is Back With This $2 Billion Acquisition

  Published 23 December 2016 | viewed 15,770 times

  A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy…

• The U.S. Oil Rig Count Hits Its Highest Level Since January

  Published 23 December 2016 | viewed 17,960 times

  Baker Hughes has reported yet another increase in the U.S. oil and gas rig count this week, with 16 more rigs coming online. The previous…

• Saudi Use Of Solar Could Boost Its Oil Exports

  Published 22 December 2016 | viewed 20,219 times

  Saudi Arabia will turn to solar for electricity, which could allow it to export a lot more oil. The connection between solar and oil is…

• Can Killer Whales Strike A Blow Against Canada’s Oil Sands?

  Published 21 December 2016 | viewed 11,256 times

  Is it possible that killer whales could cut into the long-term growth of Canada’s oil sands? Environmental groups are suing the Canadian government over its…

• Why The Koch Brothers Just Warned Of A Gasoline Price Spike

  Published 21 December 2016 | viewed 13,195 times

  The Koch brothers are taking on a proposed border tax that could crop up in the Republican plan for a monumental tax overhaul, arguing that…

• ‘’EVs, Solar Could Push Oil Down To $10 By 2025’’

  Published 20 December 2016 | viewed 56,422 times

  Oil prices could fall to as low as $10 per barrel within a decade as a “tsunami” of threats could undo demand. That prediction comes…

• Iraq Could Delay OPEC Production Cuts

  Published 20 December 2016 | viewed 5,683 times

  Iraq added more uncertainty to the integrity of the OPEC deal this week, hinting that it would not make cuts to oil production immediately next…

• Is Koch Industries Set To Join The Oil Sands Exodus?

  Published 19 December 2016 | viewed 19,476 times

  Koch industries Inc. has become the latest in a long line of companies to move away from the Canadian oil sands, stating that it wants…

• Trump Could Widen Rift With Saudi Arabia

  Published 19 December 2016 | viewed 11,557 times

  The IPO of Saudi Aramco in 2018 is expected to bring in an all-time high in fees for investment banks that help the oil company…

• Traders Most Bullish On Oil Since 2014

  Published 19 December 2016 | viewed 20,183 times

  Investors have become the most bullish on oil prices since the collapse began more than two years ago, betting that the OPEC deal will tighten…

• Canadian Oil Patch Panic Is Over—For Now

  Published 28 November 2016 | viewed 8,533 times

  While a record number of 26 Canadian oil and gas companies have gone bust this year, the worst is over, say analysts, because the weakest…

• Administration Buys More Time As Dakota Pipeline Protests Heat Up

  Published 15 November 2016 | viewed 7,318 times

  Tied up in controversy over a section in North Dakota, the Dakota Access pipeline will be the subject of more discussions and analysis before permitting…

• Iraq Backtracks On Oilfield Auction As Prices Doom Budget

  Published 10 November 2016 | viewed 9,518 times

  The Iraqi authorities are postponing bidding on 12 oil fields, back-tracking on an October auction announcement, and indicating that plans to change production contracts will…

• Chinese Scoop Up Stake Russian Rosneft Subsidiary For $1.1Bn

  Published 08 November 2016 | viewed 7,253 times

  China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in…

• The Shakeout Continues: 100 Oil And Gas Bankruptcies Yet To Come

  Published 29 September 2016 | viewed 22,512 times

  The more than two-year oil bust has led to a shakeout in the oil industry, with high-cost and inefficient drillers forced out of the market.…

• BP Faces Another Setback In Plans To Drill Pristine Australian Coast

  Published 28 September 2016 | viewed 6,403 times

  BP’s controversial plan to drill in one of Australia’s unique ecosystems hit another snag this week. BP is hoping to drill in the Great Australian…

• API Surprises Oil Markets, Reports Draws Across The Board

  Published 27 September 2016 | viewed 27,488 times

  The American Petroleum Institute (API) has reported what very well may be the fifth week in a row of a draw in U.S. oil inventories…