The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the […]
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