Energy Update
PARIS, July 28 (Reuters) - French oil services company
Technip said on Thursday plans to cut spending due to
the fall in oil prices was ahead of schedule as it reported a
better-than-expected second quarter revenue.
The expanded Panama Canal will allow US LNG producers to deliver their cargoes to select destinations in South America and Asia faster and cheaper.
NEW YORK, July 28 (Reuters) - For the oil industry, Yahoo
Inc's decision this week to sell its core business to
Verizon Communications Inc for $4.8 billion does not
matter all that much. Their world already changed a few months
ago, when the company said it would jettison its messaging
system that has been the norm for oil traders since the late
1990s.
(Thu, 28 Jul 2016) Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in total have provided 11% to 15% of total U.S. oil and natural gas production over the past decade. Natural gas stripper wells (so called because they are stripping the remaining natural gas out of the ground) are characterized as producing no more than 90,000 cubic feet per day over a 12-month period.
In the past, most of the growth in large renewable energy installations was carried out by independent developers. Today, the typical developer’s business model is based on capturing the yield arbitrage between early stage projects and operating assets (or a middle point in the development process) due to different risk profiles. But the collapse of SunEdison seems like the nail in the coffin for this business model.
In most states, a city wanting to change its energy future has two options: beg its utility or form its own. But one state-level policy opens a third way for cities to have more choice over their energy options: community choice aggregation (CCA).
SINGAPORE, July 28 (Reuters) - Singapore oil field services
firm Swiber Holdings Ltd filed an application to wind
up the company and said a Singapore court had appointed
provisional liquidators, making it the biggest local name to
fall victim to the slump in oil prices.
SINGAPORE, July 28 (Reuters) - Singapore oil field services
firm Swiber Holdings Ltd said it had filed an
application to wind up the company and a Singapore court had
appointed provisional liquidators, the latest local casualty of
the slump in oil prices.
NEW YORK, July 27 (Reuters) - Investors reeling from several
quarters of declines from U.S. energy companies are optimistic
that a recent oil rebound may help boost results of exploration
and production companies reporting in the coming days.
MELBOURNE, July 28 (Reuters) - BHP Billiton
will book a charge of up to $1.3 billion to cover the costs of a
dam disaster last November at the Samarco iron ore mine in
Brazil, putting it on course to report its worst ever annual
loss.
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