Energy Update
(Wed, 30 Mar 2016) The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells. Overall trends in well development costs are generally less transparent than price and productivity trends, which are readily observable in the markets or through analyses of well productivity trends such as EIA's monthly Drilling Productivity Report.
LAUNCESTON, Australia, March 30 (Reuters) - Janet Yellen has emerged as another problem for commodity producers, particularly those in Australia, as her caution over interest rates has effectively weakened the U.S. dollar.
LONDON, March 29 (Reuters) - Hedge funds and other money managers have amassed a near-record number of bullish bets on increasing oil prices, helping push the main international benchmark well above $40 per barrel.
SINGAPORE, March 30 (Reuters) - U.S.
Ingenu and Koncar INEM have delivered a robust Internet of Things (IoT) connectivity solution to provide digital oilfield capabilities to the Shell Nigeria pipeline facility, at a significant cost savings of over $1m in infrastructure investment.
The New Development Bank (NDB), which has an authorized capital of US$100 billion, could provide additional opportunities to fund development of new hydroelectric projects.
Vaisala, a global leader in environmental and industrial measurement, has signed a 3-year contract with leading independent power company, Pattern Energy Group Inc. (Pattern Energy), to supply access to historical and real-time lightning data for ten wind farms in North America. The data will be used by Pattern Energy to optimize blade inspection and repair programs and combat one of the most common causes of turbine downtime in the wind energy industry.
CALGARY, Alberta, March 29 (Reuters) - Alberta's left-leaning NDP government said on Tuesday the crude-producing Canadian province will not join a national securities regulator, sticking with the stance taken by the previous Conservative government.
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