Exxon Mobil gathers tax incentives in Texas’ battle with La. for plant site

Exxon Mobil gathers tax incentives in Texas’ battle with La. for plant site

The school board in a south Texas community competing with two Louisiana sites has approved an estimated $1.2 billion in tax breaks to entice Exxon Mobil Corp. and its Saudi partner to build a $9.3 billion petrochemical plant within its district along the Texas Gulf Coast. Earlier this year, Exxon Mobil officials said Ascension and […]

It’s Time to Flip the Conversation

It’s Time to Flip the Conversation

With all the talk about optimism in the American oil and gas industry, it is puzzling to some to read a headline stating that a community heavy in oil and gas is experiencing job loss. However, that is exactly what the article titled “Area loses another 1,800 jobs in January” said, appearing in this paper […]

Gulf oil lease sales reflect better market

Gulf oil lease sales reflect better market

Wednesday’s oil and gas lease sale in the Gulf of Mexico showed a substantial increase in activity over last year, the U.S. Department of Interior reported. Gifford Briggs, vice president of Louisiana Oil & Gas Association, said optimism has “come into play” in the Gulf, both for the Trump administration and promises to roll back […]

It’s Time to Flip the Conversation

It’s Time to Flip the Conversation

With all the talk about optimism in the American oil and gas industry, it is puzzling to some to read a headline stating that a community heavy in oil and gas is experiencing job loss. Unfortunately, this is becoming an all to common trend in Louisiana. While United States is experiencing a significant increase in […]

One Step Forward

One Step Forward

A billowing sigh of relief was heard from oil and gas companies all across Louisiana, and with that sigh came a little boost of confidence. On March 3, the United States 5th District Court of Appeals affirmed a lower court’s dismissal of the Southeast Louisiana Flood Protection Authority’s East lawsuit against nearly 100 oil and […]

Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →

Norway’s Statoil top bidder for U.S. offshore licenses

As one of the companies with the largest take in a U.S. offshore auction, Norway’s Statoil said it reset its Gulf of Mexico position as the market improves. Statoil was the high bidder on 13 of the tracts up for sale in the latest auction for the rights to drill in the U.S. waters of […]

Libya Seeks To Raise Oil Output To Over 1 Million Bpd By August

Libya’s head of national oil corporation Mustafa Sanalla has said he expects the daily production of oil to rise to more than one million barrels per day (bpd) by August, China’s Xinhua news agency. “Today, we are producing 700,000 barrels per day and we are working very hard to raise the daily production to 800,000 […]

This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month

The Organization of the Petroleum Exporting Countries, or OPEC, controls a significant portion of the world’s oil reserves. These 12 countries have historically used this position as the global energy gorilla to affect oil prices and to move markets. And while the emergence of shale oil production, driven by technological advances including horizontal drilling and […]

Dalmac Energy Reports Q3’17 Financial Results

This post was originally published on this siteEDMONTON, Alberta, March 24, 2017 (GLOBE NEWSWIRE) — John Babic, President and CEO of Dalmac Energy Inc. (“Dalmac”) (TSX-V:DAL) is pleased to announce the unaudited three and nine month results for the reporting period ended January 31, 2017.  FINANCIAL HIGHLIGHTS     Change     Change  (000’s Cdn […]

By March 24, 2017 Read More →

Western Refining Stockholders Approve Tesoro Acquisition

This post was originally published on this siteEL PASO, Texas, March 24, 2017 (GLOBE NEWSWIRE) — Western Refining, Inc. (NYSE:WNR) today announced that WNR stockholders have approved the proposed acquisition of Western Refining by Tesoro Corporation (NYSE:TSO).  At a special stockholders meeting, WNR stockholders approved the adoption of the previously disclosed agreement and plan of […]

By March 24, 2017 Read More →

Advanced Emissions Solutions Announces the Lease of an Additional Refined Coal Facility

This post was originally published on this siteHIGHLANDS RANCH, Colo., March 23, 2017 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the “Company” or “ADES”) today announced that Tinuum Group, LLC (“Tinuum Group”), a joint venture among the Company’s subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs […]

By March 23, 2017 Read More →

Other Recent Articles

Oil price, Rockhopper, Sound Energy, And finally…

A mixed day yesterday, it might have been worse as the EIA inventory stats were worse than forecast at a build of 4.95m barrels against expectations of +1.77m. Crude did stage a late comeback which saved the day to a certain extent. More on the OGA licences later when I have looked at them all. Rockhopper […]

Oil edges up as Saudis cut supplies to U.S., but global glut remains

Oil edged higher on Friday, boosted by hopes that an OPEC output cut was beginning to balance a long-oversupplied market, but benchmark prices were on track for weekly losses as concerns persisted over an excess of crude. Benchmark Brent crude futures LCOc1 were at $50.86 per barrel at 1040 GMT (6:40 a.m. ET), up 30 […]

Russian private oil companies swing behind output cuts

Russia’s private oil producers are ditching their scepticism and lining up behind an extension of a global deal to cut output after previous oil price increases compensated for lost income. Oil prices have risen since November when the Organization of the Petroleum Exporting Countries (OPEC) reached its first deal to lower output since 2008, with […]