From foreign security agencies to hacking collectives intent on bringing modern society to a grinding halt, the more than 2.7 million miles of oil and natural gas pipelines crisscrossing the United States make an alluring target. And standing between hackers and potentially devastating disruptions to the nation’s energy system is a division with six employees […]
Reliance is working with an adviser to run an auction that could value it at about $500 million, said one of the people, who asked not be identified because the matter is private. The company, based in Midland, Texas, may attract interest from private equity and infrastructure investors, the people — Read on finance.yahoo.com/news/reliance-gathering-explore-500-million-215003441.htmlRead more "Reliance Gathering to Explore a $500 Million Sale"
Global energy investment steadied at nearly $1.85 trillion (£1.43 trillion) last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases in oil, gas and coal, the International Energy Agency said. — Read on www.reuters.com/article/uk-iea-energy-investment/global-energy-investment-steadies-at-1-85-trillion-after-three-year-fall-iea-idUKKCN1SJ2F8Read more "Global energy investment steadies at $1.85 trillion after three-year fall – IEA – Reuters"
BILLINGS, Mont. (AP) — U.S. government attorneys say the Trump administration plans to finish a new environmental review of the Keystone XL oil pipeline from Canada even if a federal appeals court throws out a lawsuit that blocked the project. President Donald Trump issued a new permit for the $8 billion pipeline last month. In […]Read more "US says it will complete Keystone environmental review"
(Bloomberg) — The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its final decision on the conduit next month, officials familiar with the matter say. The government has made no secret about its interest in finding a way to expand the line, but has tiptoed around […]Read more "Canada Likely to Proceed With Trans Mountain Expansion"
NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise […]Read more "EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters"
The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019, according to well counts in EIA’s Drilling Productivity Report (DPR). The most recent count, at 8,500 wells in March […]Read more "The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)"
In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.htmlRead more "Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle"
Texas represented nearly 20% of all U.S. exports in the January-February period while California dipped to 11%. — Read on www.cnbc.com/2019/04/25/texas-exports-boosted-by-oil-rise-3-times-faster-than-us-increase.htmlRead more "Texas exports, boosted by oil, rise 3 times faster than US increase"
Oil and gas drillers had some of the highest-paid median workers in the energy and utility sectors in 2018, according to The Wall Street Journal analysis of annual pay disclosures by hundreds of big U.S. companies. — Read on www.wsj.com/articles/typical-workers-pay-nears-200-000-at-oil-refiner-11556103600Read more "Typical Worker’s Pay Nears $200,000 at Oil Refiner – WSJ"