Energy Update
WASHINGTON, Nov 18 (Reuters) - The Obama administration on
Friday blocked new exploration for oil and gas in Arctic waters,
in a win for environmental groups that had fought development of
the ecologically fragile region.
BUENOS AIRES, Nov 18 (Reuters) - Argentina's government will
eliminate subsidies to the country's oil producers in the coming
weeks, resulting in a 25 percent to 30 percent drop in the local
value of crude, industry sources said on Friday.
WASHINGTON, Nov 18 (Reuters) - Energy Transfer Partners
Chief Executive Kelcy Warren said the company will not
consider rerouting its Dakota Access oil pipeline despite
concerns voiced by U.S. native groups, according to an
Associated Press interview published on Friday.
(Adds rigs in Permian, paragraph 4)
Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs
this week, the biggest hike since July 2015, as shale producers
cautiously redeployed cash amid OPEC's plans to curb production
and after Donald Trump's presidential election victory.
Drillers added 19 oil rigs in the week to Nov. 18, boosting
the total to 471, the most since January, but still below 564 a
SAO PAULO, Nov 18 (Reuters) - Brazilian state-controlled oil
company Petróleo Brasileiro SA could receive up to
5.5 billion reais ($1.6 billion) back as a result of an ongoing
corruption probe, Chief Executive Officer Pedro Parente said on
Friday.
Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs
this week, the biggest hike since July 2015, as shale producers
cautiously redeploy cash amid OPEC's plans to curb production
and after Donald Trump's presidential election victory.
Drillers added 19 oil rigs in the week to Nov. 18, bringing
the total count up to 471, the most since January, but still
below the 564 rigs seen a year ago, energy services firm Baker
WASHINGTON, Nov 18 (Reuters) - The Obama administration on
Friday blocked the sale of new permits to drill oil and gas
in the Chukchi and Beaufort Seas off Alaska, in a win for
environmental groups that had fought against development in the
fragile region.
Tom Balcerek blogs on what a Republican president could mean for the US steel industry.
The Federal Energy Regulatory Commission on Nov. 17 issued a noticed of proposed rulemaking that plans to direct U.S. transmission system operators to establish market rules to accommodate energy storage participation in organized wholesale electric markets.
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