Energy Update
Little attention has been given to what the number of people expected to be laid off says about staffing levels in the China’s steel industry.
NEW YORK, Aug 5 (Reuters) - Private equity funds are looking to sell shares in two U.S.
energy companies, people familiar with the plans said this week, deals that could end a
year-long drought for Initial Public Offerings (IPOs) in the oil and gas sector.
(Fri, 05 Aug 2016) Despite increases in crude oil prices since the start of the year, employment in oil and natural gas extraction and support activities continued declining from levels reached in the fall of 2014, just before the onset of falling oil prices. The total rig count (including both oil-directed and natural gas-directed rigs) has declined even more sharply, from nearly 1,800 rigs in the fall of 2014 to a weekly low of 404 rigs in May 2016.
(Fri, 05 Aug 2016) This paper presents average values of levelized costs for generating technologies entering service in 2018, 2022, and 2040 as represented in the National Energy Modeling System (NEMS) for the <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case.
SEOUL, Aug 5 (Reuters) - State-owned Korea National Oil Corp
(KNOC) is in talks with the Kazakhstan government to pull out of
an oil field project due to disappointing exploration results, a
KNOC spokesman said on Friday.
SAN FRANCISCO, Aug 4 (Reuters) - California voters could
decide whether to extend the state's pioneering climate change
program beyond 2020 when they go to the polls in two years, an
official within Governor Jerry Brown's administration said on
Thursday.
BRASILIA, Aug 4 (Reuters) - Brazil's environmental regulator
Ibama decided on Thursday to shelve the environmental license
request for a hydroelectric dam on the Tapajos River in the
Amazon, a project that had been opposed by indigenous tribes and
conservation groups.
EagleClaw Midstream Ventures has signed an agreement to acquire Texas-based PennTex Permian from PennTex Midstream Partners for undisclosed amount.
HOUSTON, Aug 4 (Reuters) - Shale oil bellwether EOG
Resources Inc on Thursday boosted this year's fracking
plans by 30 percent, saying it expected big returns on new wells
even as oil dipped back to $40 a barrel.
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