Texas energy sector gets ‘moment we’ve been waiting for’ after two tough years This week, President Donald Trump signed executive orders to revive two controversial oil pipelines. While the moves may help oil and gas producers in North Dakota and Canada, the energy sector in Texas has been plowing ahead on its own turnaround. Texas … Continue reading #Texas energy sector gets ‘moment we’ve been waiting for’ after two tough years→
Keystone XL pipeline: A ‘Canada First’ energy plan? U.S. President Donald Trump’s move this week to revive the Keystone XL oil pipeline marked a major step under his “America First” energy plan to boost U.S. drillers and create new U.S. jobs. But the project’s biggest winners may be Canadian. If built, TransCanada’s Keystone XL from … Continue reading Keystone XL pipeline: A ‘Canada First’ energy plan?→
Saudi energy minister: Oil cut unlikely to extend beyond six months OPEC and non-OPEC producers are unlikely to extend their agreement to cut oil output beyond six months, because of the level of compliance with the deal and the rebalancing of the market, Saudi Arabian Energy Minister Khalid al-Falih said on Monday. However Falih, speaking … Continue reading Saudi energy minister: Oil cut unlikely to extend beyond six months→
Saudi Aramco IPO May Not Happen If Oil Prices Rise Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of its most valuable asset and possibly the world’s most valuable company, Saudi Aramco. The initial … Continue reading #Saudi_Aramco IPO May Not Happen If Oil Prices Rise→
Energy companies are about ready to loosen the purse strings The lean years are unlikely to be over for energy companies amid rising crude-oil inventories and global uncertainty, but the industry is expected to start spending again after years of belt-cinching. OPEC and other major players have agreed to cut production starting this month, but … Continue reading Energy companies are about ready to loosen the purse strings→
Blackstone Ends Talks to Buy $5 Billion Stake in Energy Transfer Assets Blackstone Group LP is no longer in talks to buy a $5 billion stake in assets owned by Energy Transfer Partners LP, people with knowledge of the matter said. The discussions fell through after the Wall Street Journal reported them last month, said … Continue reading #Blackstone Ends Talks to Buy $5 Billion Stake in #Energy_Transfer Assets→
Most laid-off energy workers remain out of work, UH study says Nearly 90 percent of oil and gas workers who lost jobs during the oil bust either remain unemployed or have left the sector for other industries, dramatically altering the size and shape of the global energy workforce, according to a study by University of … Continue reading Most laid-off energy workers remain out of work, UH study says→
U.S. on Track to Become Net Energy Exporter The amount of energy Americans use and the pollution they emit from using coal, oil and natural gas are not likely to change radically over the next 30 years, even as the U.S. becomes a major energy exporter, according to the U.S. Energy Information Administration’s Annual Energy … Continue reading U.S. on Track to Become Net Energy Exporter→
President Obama bans oil drilling in large areas of Atlantic and Arctic oceans President Obama moved to solidify his environmental legacy Tuesday by withdrawing hundreds of millions of acres of federally owned land in the Arctic and Atlantic Ocean from new offshore oil and gas drilling. Obama used a little-known law called the Outer Continental … Continue reading President Obama bans oil drilling in large areas of Atlantic and Arctic oceans→
The Waiting Game Begins for Energy Traders The recent rally in oil and gas had been fueled by speculation on events still to come. Energy markets are taking a deep breath to start the week. They may be holding it for a while. Oil and gas prices are pulling back Monday from the strong autumn … Continue reading The Waiting Game Begins for #Energy_Traders→
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