Sparking fears for the long-term future of the industry, the UK upstream segment is expected to approve fewer than £1 billion in spending on new North Sea projects compared with an average of £8 billion/year over the past 5 years, according to Oil & Gas UK’s 2016 Activity Survey published Feb. 23. Source: News
MARKET WATCH: NYMEX crude oil prices drop slightly
Light, sweet crude oil prices on the New York market dropped slightly to settle below $33/bbl on Feb. 26 and appeared to be staying relatively flat in early Feb. 29 trading. Analysts suggested investors are waiting on news about a possible oil-production freeze to set price direction. Source: News
IHS CERAWeek: Mexico's president vows to implement energy reform
Mexico President Enrique Pena Nieto said his nation’s energy reform stemmed from an intense, collective effort early in his administration. Source: News
Talking about safety
Rapidly shrinking numbers of people performing rapidly diminishing amounts of work should generate fewer total accidents. That’s a rare advantage of a devastating market collapse. Source: News
Ice crystals and laser beams
Four emerging technologies were recently recognized as possible fledgling solutions to reducing water usage in onshore oil and natural gas operations. Source: News
29 Feb 2016 10:05:17 EST – The latest stock information is now available for your stocks
XOM Last 81.59 Change –0.16 % Change 0.2% Volume 1,344,073 As of: 29 Feb 2016 10:05:17 EST View: Stock Quote | News CVX Last 84.455 Change +0.105 […]
EPA administrator ‘revved up’ about regulating energy
People should exult in their work—except when they regulate others for a living, in which case some measure of introspection seems appropriate. Source: News
26 Feb 2016 16:00:00 EST – The latest stock information is now available for your stocks
XOM Last 81.75 Change –0.26 % Change 0.32% Volume 14,266,791 As of: 26 Feb 2016 16:00:00 EST View: Stock Quote | News CVX Last 84.35 Change –0.95 […]
Lieutenant governor asks BOEM to remove Virginia sale from OCS plan
Virginia’s lieutenant governor asked the US Bureau of Ocean Energy Management to remove a lease sale off the commonwealth’s coast from the next US Outer Continental Shelf 5-year program. Source: News
26 Feb 2016 14:58:36 EST – The latest stock information is now available for your stocks
XOM Last 81.97 Change –0.04 % Change 0.05% Volume 10,733,115 As of: 26 Feb 2016 14:58:36 EST View: Stock Quote | News CVX Last 84.5328 Change –0.7672 […]