Archives for July 2016
Chesapeake, Tom Ward sued by shale owners for alleged bid rigging scheme
Chesapeake Energy Corp., the company Aubrey McClendon built into a natural-gas giant, was sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the...
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Market Currents: U.S. LPG exports hit by global oversupply
Crude is drifting lower, looking rather trepidative ahead of another weekly inventory report, while dollar strength is also helping to put the kibosh on a rally. Hark, here are five things to consider in crude...
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‘Brexit’ leads to oil-field shutdowns in North Sea
The pace of shutdowns in the North Sea oil-field is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit. Projected spending on decommissioning in the...
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India speeds work on oil reserves that could take in U.S. exports
India, increasingly reliant on oil imports, has finished the first unit of the country’s new strategic petroleum reserve, and is working on two more. The three facilities in southern India will hold a total of...
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Saudis expand tanker fleet to boost exports
A venture between Arab Petroleum Investment Corp., known as Apicorp, and National Shipping Co. of Saudi Arabia will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,...
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