Archives for 2017
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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Sunnova partners with bank to fund $200 million worth of residential solar projects
Sunnova, the Houston-based solar power company, has received $80 million in tax equity funding from a subsidiary of U.S. Bank, the U.S. Bancorp Community Development Corporation. The money will be used to fund more than...
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Oil falls as Saudis ease production cuts
Oil reversed earlier gains after Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. Futures fell...
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Proposed Trump tax cut could save drillers $10 billion
The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the...
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Baker Hughes introduces ‘smart’ drill bit
Howard Hughes Sr. revolutionized the drill bit to more than 100 years ago to accelerate the oil boom that made Houston and Texas the nation’s energy capital. Today, his legacy company is aiming to make...
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