Energy Update
FLORENCE, Italy Jan 31 (Reuters) - Activity in offshore oil
and gas fields is expected to pick up in 2018 and 2019 as
companies revive investments after several years of low energy
prices, Lorenzo Simonelli, chief executive of GE Oil and Gas
told Reuters on Tuesday.
BRUSSELS, Jan 31 (Reuters) - The European Union is on track
to meet its goal for renewables to supply up 20 percent of its
energy by 2020, the EU executive said in a report seen by
Reuters, although Britain, Ireland and Luxembourg are lagging
behind.
(Tue, 31 Jan 2017) In EIAâs January <em>Short-Term Energy Outlook</em>, U.S. crude oil production is forecast to increase from an average of 8.9 million barrels per day (b/d) in 2016 to an average of 9.3 million b/d in 2018, primarily as a result of gains in the major U.S. tight oil-producing states: Texas, North Dakota, Oklahoma, and New Mexico.
CANNON BALL, N.D., Jan 30 (Reuters) - Dump trucks and heavy
machinery rolled into the protest camp near the site of the
Dakota Access Pipeline on Monday, and crews began filling large
dumpsters with garbage that has accumulated, much of it now
buried under snow.
SINGAPORE, Jan 31 (Reuters) - Brent crude oil prices fell
around 5 percent from their early January peak as rising U.S.
drilling activity offset efforts by OPEC and other producers to
cut output in an effort to prop up the market.
Jan 30 (Reuters) - A jury was selected in Washington state
on Monday in the first trial over a coordinated protest that
disrupted the flow of millions of barrels of crude oil into the
United States, a proceeding activists hope will serve as a
referendum on climate change.
WASHINGTON, Jan 30 (Reuters) - Two senior U.S. lawmakers
unveiled legislative plans on Monday to scrap a rule devised
under the 2010 Dodd-Frank financial reform law requiring
publicly-traded mining, oil and gas companies to disclose
payments they make to foreign governments.
WASHINGTON, Jan 30 (Reuters) - Two senior U.S. lawmakers
unveiled legislative plans on Monday to scrap a rule devised
under the 2010 Dodd-Frank financial reform law requiring
publicly-traded mining, oil and gas companies to disclose
payments they make to foreign governments.
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