Archives for 2016
Key Energy joins ranks of oil-related companies filing bankruptcy
Oilfield service company Key Energy Services plans to file for chapter 11 bankruptcy by Nov. 8, the Houston-based company said in a regulatory filing. The restructuring plan, which must be approved by creditors, would give bondholders...
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Market Currents: Both Iran’s oil production and exports are stalling
With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the dollar softens and crude edges higher, hark – here are...
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Renewable energy producing more power than ever
Renewables, including hydroelectricity, are producing more power than ever, surpassing levels of previous years in every month of 2016, the Energy Department said Thursday. The increase is party due to the easing of a West...
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Iran minister to join OPEC production talks
Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of OPEC members next month in Algiers, a state news service reported. Producers from the Organization of Petroleum Exporting Countries will meet on...
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Oil companies joining open source world by sharing data
The oil and gas industry has long collected huge volumes of data, but it hasn’t always known quite what to do with it all. Often, the terabytes aren’t even stored on computer systems that readily...
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