Monthly Archives: March 2018

FirstEnergy Solutions and FirstEnergy Nuclear Operating Company File Voluntary Petitions for Chapter 11 Restructuring

AKRON, Ohio, March 31, 2018 /PRNewswire/ — FirstEnergy Solutions (FES), its subsidiaries and FirstEnergy Nuclear Operating Company (FENOC) (together, the “Filing Entities”) today announced that to facilitate an orderly financial restructuring, they have filed voluntary petitions under Chapter 11 of the Federal Bankruptcy Code with the U.S. Bankruptcy Court in the Northern District of Ohio in [Read More…]

Source: BOE Report

China’s Pollution Nightmare Creates Opportunities For LNG Exporters

While this is not necessarily news that the Chinese populace wants to hear, a new report released Thursday by the country’s environmental ministry said that the number of pollution sources in China has increased by more than half in eight years. The report was released by the newly formed Ministry of Ecology and Environment (MEE) as it embarks on a ...

Source: Oilprice.com

The Ultimate Renewable Energy Hybrid

Renewable energy’s place as part of the global “energy balance” is a delicate scale. As its prospects and contribution rise, limitations also appear. The main elements here involve… - The intermittent nature of solar and wind power (the sun doesn’t shine 24/7, and the wind isn’t always blowing) means alternative, more traditional, generation sources, must remain online to cover the ...

Source: Oilprice.com

BW Offshore: Interim extension agreement for Abo FPSO

BW Offshore has signed an interim extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 30 April 2018. The short term extension has been agreed to secure operational continuity while joint work is continuing to conclude the negotiations. For further information, please contact: Knut R. Sæthre, CFO, +47 [Read More…]

Source: BOE Report

A Death in Louisiana’s Cancer Alley Reinforces a Small Town’s Fears of Industry Impacts

Keith Hunter in St. James, Louisiana

Sixty-year-old Keith Hunter lived in St. James, Louisiana, for roughly 27 years, and during that time, he watched as the sugarcane farms gave way to oil storage tanks and as a railroad terminal was being built down the road, all visible from his front yard. Hunter was an outspoken critic of the industrialization of his neighborhood. And in a similar fashion as some of his neighbors, Hunter died on February 10 following ...

Source: DeSmogBlog

BMW Caught Cheating Emissions Tests

If you thought allegations of emissions rigging were a thing of the past, think again. It appears what’s good for Volkswagen is probably good for BMW, too. According to an article in The Telegraph, BMW’s Munich office has been raided by German authorities investigating claims it cheated pollution controls. The Telegraph reports prosecutors visited the company’s Munich base, as well as a ...

Source: Oilprice.com

Iran Looks To Boost Energy Relations With Turkmenistan

Turkmenistan is exploring options on natural gas swap deals with Iran to export its fuel to markets further afield, Iranian President Hassan Rouhani reportedly said during a visit to Ashgabat on March 27. Rouhani arrived in the Turkmen capital for a two-day visit that comes as something of a surprise given the current frosty state of relations between the neighboring ...

Source: Oilprice.com

UPS has found a way to plug in its electric fleet without blowing up London’s grid

Ian Televise, the head of marketing for Chanje, demonstrates the re-charging port on the company's V8070 electric medium-duty truck, Thursday, Nov. 2, 2017, in New York. The vehicle can carry a load of up to 6,000 pounds for a distance of about 100 miles on a single charge. Truck rental company Ryder Systems Inc. is adding 125 of the fully electric vans to its fleet. (AP Photo/Mark Lennihan)

UPS is going electric in London. The delivery company has flicked on a charging system for all 170 of its electric trucks operating in the city without overloading the grid. The multi-site system—which UPS calls the first of its kind to be implemented at scale—uses on-site batteries and smart-grid software to time recharging from utilities so that it occurs when ...

Source: Energy Shocks – Quartz

The Need for Clean Water

Ocean Thermal Energy Corporation Reaffirms Its Commitment to the United Nations Sustainable Development Goals LANCASTER, PA / ACCESSWIRE / March 29, 2018 / Ocean Thermal Energy Corporation (OTCQB: CPWR) (“OTE” or the “Company”), a project developer for Ocean Thermal Energy Conversion (OTEC) plants that generate renewable energy without the use of fossil fuels, today reaffirmed [Read More…]

Source: BOE Report

Payback Time: Oilfield Services Raise Prices

Oilfield service providers are upping their prices, the latest Dallas Fed Energy Survey has found, confirming what producers began to complain about last year when oil prices started recovering. The survey found the index of input costs for oilfield services jumped from 46.8 from 30.9 this quarter from last. The index for oilfield service prices was also higher ...

Source: Oilprice.com

Payback Time: Oilfield Services Raise Prices

Oilfield service providers are upping their prices, the latest Dallas Fed Energy Survey has found, confirming what producers began to complain about last year when oil prices started recovering. The survey found the index of input costs for oilfield services jumped from 46.8 from 30.9 this quarter from last. The index for oilfield service prices was also higher ...

Source: Oilprice.com

Payback Time: Oilfield Services Raise Prices

Oilfield service providers are upping their prices, the latest Dallas Fed Energy Survey has found, confirming what producers began to complain about last year when oil prices started recovering. The survey found the index of input costs for oilfield services jumped from 46.8 from 30.9 this quarter from last. The index for oilfield service prices was also higher ...

Source: Oilprice.com

Payback Time: Oilfield Services Raise Prices

Oilfield service providers are upping their prices, the latest Dallas Fed Energy Survey has found, confirming what producers began to complain about last year when oil prices started recovering. The survey found the index of input costs for oilfield services jumped from 46.8 from 30.9 this quarter from last. The index for oilfield service prices was also higher ...

Source: Oilprice.com

Anglo American Ordered to Halt Brazil Ops Again After Leak (Saturday, 31 March 2018)

Brazilian environmental regulators ordered miner Anglo American Plc to halt operations in the country following a pipeline leak.

Anglo American had previously suspended mining operations in its Minas-Rio system in Brazil, which transports iron ore from the company’s mine and processing facility in the state of Minas Gerais to a port in the state of Rio de Janeiro, between March ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Payback Time: Oilfield Services Raise Prices

Oilfield service providers are upping their prices, the latest Dallas Fed Energy Survey has found, confirming what producers began to complain about last year when oil prices started recovering. The survey found the index of input costs for oilfield services jumped from 46.8 from 30.9 this quarter from last. The index for oilfield service prices was also higher ...

Source: Oilprice.com

Global Energy Advisory – 30th March 2018

In what could be the last major oil tender in Mexico for the foreseeable future, supermajors Shell, BP, and Total, along with Eni, Repsol, Lukoil, and German Deutsche Erdoel rushed to snap up shallow-water blocks offered early this week. The international companies are evidently eager to get their production-sharing contracts signed before the Mexican elections in July, when expectations are ...

Source: Oilprice.com

Fragile Oil Markets Stabilize On Two-Sided Trading

U.S. West Texas Intermediate and international-benchmark Brent crude oil posted a two-sided trade this week before closing lower. This week’s trade pitted the bullish traders, who believe the OPEC-led production cuts that are helping to trim supply and stabilize prices, would be extended beyond 2018 and into 2019 against the bearish traders who are banking on rising U.S. ...

Source: Oilprice.com

Pioneer Sells Eagle Ford Acreage for $102 million (Friday, 30 March 2018)

Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford shale acreage position for $102 million, subject to normal closing adjustments.

@[email protected]

The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. Current net ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Exxon Snaps Up 8 Brazil Offshore Blocks

ExxonMobil snapped up eight offshore exploration blocks in the latest Brazilian bid round on Thursday, leading Big Oil’s aggressive move on acreage next to the coveted pre-salt layer that resulted in a record-high signature bonus proceeds for the government, as oil majors were eager to get into the area ahead of presidential elections later this year. Some experts had expected ...

Source: Oilprice.com