News
Crude stocks seesaw, surprise analysts, and rise this week
U.S. oil producers added 2.3 million barrels of crude to commercial inventories during the past week, according to new Energy Department data, a surprise for analysts and departure from recent weeks, during which stocks had...
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Energy secretray says Trump request on climate change names ” not appropriate”
WASHINGTON – U.S. Energy Secretary Ernest Moniz criticized a request by President-elect Donald Trump’s transition team to hand over the names of federal employees who worked on climate change issues as “not appropriate.” “I know...
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Worst over for oil, says Norway’s next energy minister
The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the history of Norway’s offshore industry appears to have bottomed out as OPEC’s historic deal continues to reverberate across...
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Feds putting $2 billion behind Louisiana methanol plant with carbon capture
WASHINGTON – A wave of federally-funded carbon dioxide is headed to Texas oil fields. The Obama administration is the principal investor in a $3.8 billion methanol plant in Lake Charles, La. that will separate carbon...
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KLR to buy Tema Oil and Gas, take company public
West Texas’ popular Delaware Basin is about to get busier. The investment bank KLR Group is buying the Houston-based Tema Oil and Gas Company, taking the company public and changing its name, KLR and Tema...
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