Thu May 5, 2016
Chesapeake Energy bonds and shares traded higher today, and credit protection costs cheapened, after the prolific issuer reported some better-than-expected results and announced an agreement to sell assets to rival Newfield Exploration. The 8% second-lien exchange notes due 2022 advanced five points, to 68/69, according to sources.
Hillary Clinton wants to help coal country acclimate to a 21st Century economy while self-interested parties want to advance themselves.
Many question the health of the Saudi oil industry, without realizing that concerns were never based on serious analysis. Nor have the skeptics owned up to their errors.
Tougher environmental regulations, a flood of cheap natural gas from fracking, and a sudden decrease in demand from China, has pushed natural gas even further in replacing coal in generating electricity. But fears about fracking?s effects on the environment has spawned bans on fracking in some states. A new study by the University of Texas at Arlington demonstrates that groundwater quality changes alongside the expansion of horizontal drilling and hydraulic fracturing but also suggests that some potentially hazardous effects may dissipate over time.
Sources say China's Jinko Solar and France's EDF are among five bidders for third phase of 5,000MW project
As the U.S. is set to become a major liquefied natural gas (LNG) exporter over the next few years, the uncertain ability of our competitors to export both LNG and piped gas is something we must continually understand.
Wed May 4, 2016
Land-based liquefied natural gas facility planned in Fujairah is reportedly put on backburner in favour of floating terminal
Labourers returned to work after contract company agreed to pay the allowances owed
On Sunday, the Justice Department finally won the day. With pressure mounting from the agency, Halliburton and Baker Hughes, the second and third largest oil services companies, respectively, abandoned their proposed merger that had been announced on November 17, 2014.
Tue May 3, 2016
The collapse of the proposed Halliburton-Baker-Hughes merger implies that Wall Street was skeptical about the chances for the deal or its results. The service industry must remain committed to cost control.
Mon May 2, 2016
Although many now think that $50 is the new, sustainable price, they are primarily looking at short-term prices and hoping for the best. $100 was never a sustainable price, despite widespread belief that it was.
Dubai's state utility aims to have solar capacity of 1,000MW by 2020 and 3,000 megawatts by 2030
TAQA's 2015 annual said it has an agreement with a "related party" who could buy all its oil and gas assets in North America, Iraqi Kurdistan and Europe
US oil services companies Halliburton and Baker Hughes abandon their proposed merger after resistance from regulators in the US and Europe.
Sun May 1, 2016
International Energy Agency chief Fatih Birol said expected global oil demand to grow by 1.2 million barrels per day this year
In its first phase, the storage facility will have a capacity of between 6 million and 10 million barrels of oil and serve an oil refinery planned for Duqm
Sat Apr 30, 2016
Once called the flagship of Spain?s once heralded Spanish industry, Abengoa SA received a break in a U.S. court this week as its continues to navigate the bankruptcy process.
An oil tanker that departed from the contested Eastern part of Libya has raised the ire of the nation’s capital and the United Nations, though its state and destination remains unclear according to conflicting news reports.
Fri Apr 29, 2016
Like a number of energy producers around the world, Algeria has struggled to cope with the sharp drop off in oil prices in over the last two years as the deep impact of the decline weighs on pivotal state revenue.
Several years after Russia highlighted the fragile state of Europe?s deep dependence on its natural gas supplies by shutting down deliveries to Ukraine, the region is still looking for ways to diversify its import options, keeping a keen eye on Eastern producers.
AT Kearney says depressed oil prices will force oil and gas companies in distress to seek scarce buyers
The crash in oil prices caused an enormous decline in the estimated future cash flows of oil and gas companies.
Just as the Doha talks – between OPEC and non-OPEC oil producers failed on 17 April – production outages around the planet clobbered those betting on a nosedive in futures prices to $35 per barrel as the exact opposite happened.
Forecast comes amid improving market sentiment and a weakening dollar; oversupply seen receding
Thu Apr 28, 2016
It’s a conundrum that a lot of environmentalists are trying to wrap their heads around: The global attack on carbon emissions means that the immediate course of action is to replace coal with natural gas, which in turn will require more infrastructure consisting of pipelines, storage facilities and processing units.