Energy Update
Over breakfast this morning, Eeyore said he thinks the LNG market might be heading for a fall - citing four reasons.
(Thu, 02 Jul 2015) While the overall energy history of the United States is one of significant change, three fossil fuel sources?petroleum, natural gas, and coal?have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas have prompted shifts between the uses of fossil fuels, but the predominance of these three energy sources is likely to continue.
(Thu, 02 Jul 2015) Updated oil and gas information for the Gulf of Mexico, including reserves, production, refining and processing, have been released.
LOS ANGELES, July 2 (Reuters) - Fifteen years ago, California led the way to cleaner transit buses with strict tailpipe emissions standards that effectively ushered out diesel as the primary fuel for buses in the state and replaced it with natural gas.
SAO PAULO, July 2 (Reuters) - A group of five Brazilian banks will refinance about 11.5 billion reais ($3.6 billion) in loans for ailing Sete Brasil Participações SA for a further 45 days, in a bid to keep the oil rig maker afloat, two sources with direct knowledge of the matter said on Thursday.
BRASILIA, July 1 (Reuters) - Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsalt oil areas.
SINGAPORE, July 2 (Reuters) - Oil prices were broadly unchanged from their previous close in early trading on Thursday after tumbling 4 percent a day earlier as U.S.
HOUSTON, July 1 (Reuters) - Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns.
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