Texas Is Making An Energy Recovery In the midst of the shale boom in 2013, Texas added more than 19,000 new jobs in the oil and gas production sector, leading the U.S. job increase in the industry by a wide margin. But back then, global oil prices were stable all year around at US$100 and … Continue reading #Texas Is Making An #Energy Recovery
Colorado energy company buys California oil and gas fields for $742M A brand-new Denver energy company said it’s buying oil and gas assets in California in a deal that could be worth as much as $742 million. Privately held Sentinel Peak Resources of Denver said it’s buying the California onshore assets from the oil and … Continue reading #Colorado energy company buys California oil and gas fields for $742M
Huge Alaska oil discovery fuels debate over state support for energy industry A huge oil discovery in Alaska has put into stark relief the state’s battle over the government role in promoting fossil fuel exploration and financially supporting the energy industry. Caelus Energy announced last week it made one of the largest U.S. oil finds … Continue reading Huge Alaska oil discovery fuels debate over state support for energy industry
Energy Transfer’s Sunoco Logistics buys into Permian from Vitol Sunoco is owned by Dallas-based Energy Transfer, which saw its planned acquisition of the Williams Cos. fall apart earlier this year. The deal includes Sunoco buying a 2 million barrel crude oil terminal in Midland, as well as associated pipeline and gathering systems. The acquisition also … Continue reading #Energy_Transfer ’s #Sunoco Logistics buys into Permian from #Vitol
A Nuclear Lesson For Big Oil (And Vice Versa) It is a reasonable bet that the $24 billion Hinkley Point C nuclear power project in the U.K., due online in 2025, will neither be ready by 2025 nor cost just $24 billion. Indeed, it’s so reasonable that, as fellow Gadfly Chris Bryant lays out here, … Continue reading A Nuclear Lesson For Big Oil (And Vice Versa)
And just like that, Dallas’ Energy Transfer and Sunoco are $2 billion richer Energy Transfer Partners LP, the oil- and gas-pipeline megacompany led by Dallas billionaire Kelcy Warren, hasn’t made too many positive headlines lately. That changes with Wednesday’s announcement that Energy Transfer and one of its subsidiaries, Sunoco Logistics Partners, will collect $2 billion … Continue reading And just like that, Dallas’ #Energy_Transfer and #Sunoco are $2 billion richer
Texas shale oil has fought Saudi Arabia to a standstill Opec’s worst fears are coming true. Twenty months after Saudi Arabia took the fateful decision to flood world markets with oil, it has still failed to break the back of the US shale industry. The Saudi-led Gulf states have certainly succeeded in killing off a … Continue reading #Texas shale oil has fought #Saudi_Arabia to a standstill
Big Oil makes a push for risky and reckless Arctic drilling What a few weeks it has been. Just a short time after it was revealed that the oil industry had all but abandoned any near-term efforts to drill in the pristine Arctic Ocean – relinquishing hundreds of leases in the Chukchi and Beaufort Seas … Continue reading Big Oil makes a push for risky and reckless Arctic drilling
Low oil, gas prices dampen booming Texas power use Houston, 19 May (Argus) — Booming electric demand growth in Texas’ busiest oil and natural gas producing regions has finally begun to slow amid the ongoing slump in commodity prices. So far this year, electric demand in west Texas power zones that encompass the prolific Permian … Continue reading Low oil, gas prices dampen booming #Texas power use
BREAKING: EPA Finalizes Methane Rule For New Oil And Gas Operations The Environmental Protection Agency on Thursday issued its final rule for methane emissions from the oil and gas industry. The rule limits methane emissions from new oil and gas infrastructure and requires operators to submit to semi-annual or quarterly monitoring, depending on the type … Continue reading BREAKING: EPA Finalizes Methane Rule For New Oil And Gas Operations
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