Archives for 2016
Market Currents: Focus shifts to Non-OPEC producers
As oil pauses for breath, so can we. After a hectic week, prices are ticking slightly higher into the weekend after a positive U.S. employment report. Although more shenanigans await next week, hark, here are...
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Egypt awards development blocks to Apex International Energy
Houston upstart oil and gas exploration company Apex International Energy has been awarded 1.7 million acres for development in Egypt. Egypt General Petroleum, which is run by the country’s Ministry of Petroleum, awarded the development areas in...
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Calpine closes $900 million Noble Americas acquisition
Calpine Corp. has completed its acquisition of commercial and industrial power supplier Noble Americas Energy Solutions, LLC. The companies first announced acquisition plans in October. Calpine expects a net cost of $900 million. The company...
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As Mexico welcomes oil giants, its colossus slowly erodes
In Mexico, the era of big oil is just getting started. But for the state oil dinosaur, its best days appear to be behind it. The reign of Petroleos Mexicanos, the government-owned oil producer known...
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Market Currents: More twists left in the OPEC tale…
An OPEC-inspired rally continues for a second day, as the prospect of a production cut means a likely swifter market rebalancing…if it were implemented. (And that is a big IF). Nonetheless, the positive development is...
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