Archives for March 2017
The unmanned offshore production rig: A race to the bottom
The new frontier of offshore oil production is moving the above-water platform underwater. Two companies are in a race to engineer and produce the breakthrough. The German industrial technology company Siemens Corp. is building one...
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Market Currents: Low oil imports encourage inventory draw
Crude prices are rebounding today, bouncing off the trampoline of price support at $48 for WTI, $50 for Brent. A surprise draw to U.S. crude inventories (not to some) has been behind the rally (see...
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Hydro power facilities are oldest power plants in the U.S.
The oldest power generating facilities in the U.S. are hyrdoelectric plants, which are on average 64 years old. But some are even older–dating to before 1908, according to analysis by the U.S. Department of Energy....
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$40 oil? No problem as U.S. drillers snub OPEC with hedges
OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American oil explorers who survived the worst of the 2014-2016 market rout are shrugging off the 14 percent slide in prices this...
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Market Currents: OPEC and shale tag-team to slam crude
The double whammy of yesterday’s EIA drilling productivity report – showing rampantly rising shale production next month – combined with a bearish OPEC monthly oil market report, has sent oil prices scampering lower, testing key...
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