Archives for March 2017
Market Currents: Iraqi oil exports to the U.S. rise
Two-hundred and twenty years to the day after the washing machine was patented, oil prices are continuing to spin around support at the $48 level. As buying interest returns today, ahead of the weekly inventory...
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In new tax scheme, Saudi Aramco could be worth $1.4 trillion
Saudi Arabia’s move to reduce its state-run oil company’s tax rates could lift the value of Saudi Aramco by $1 trillion in its upcoming initial offering, Rystad Energy said Tuesday. The Kingdom said earlier this...
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Energy-related earthquakes to be subject of geologists webinar
Another indicator the industry is getting serious about oil-and-gas earthquakes: The American Geosciences Institute has scheduled a free online seminar on the topic for geologists next month. “The surge in recent years of earthquakes associated...
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Trump signs order to roll back Obama climate change rules
WASHINGTON – President Donald Trump signed his much anticipated executive order Tuesday rolling back Obama-era regulations on climate change, promising a new era for the U.S. energy industry. “We will unlock job producing natural gas, oil...
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Hess Corp. taking Houston spinoff public
New York’s Hess Corp. said Monday it’s taking its Houston pipeline spinoff public through an initial public offering. Hess hopes to raise $250 million in the IPO for Houston-based Hess Midstream Partners through the sale...
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