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Norway’s Statoil plays down risks ahead of Arctic drilling

Business

Category: Energy

Norway’s Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located. Despite opposition from environmentalists, the company plans to drill five wells in the Norwegian sector of the […]

Source: Reuters

Published: April 26, 2017


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Norway’s Labor Seeks to Soothe Oil Industry Amid Lofoten Shift

Business

Category: Energy

Norway’s oil industry has nothing to fear from a return to power of the Labor Party in elections later this year, according to the deputy leader of the biggest opposition group. A new government led by Labor, which polls show is the likely outcome from September’s election, would continue to ensure stable and predictable terms […]

Source: Bloomberg

Published: April 26, 2017


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White House’s Cohn Wants to See ‘More and More’ LNG Terminals

Business

Category: Energy

If Gary Cohn gets his way, the U.S. could be the biggest exporter of liquefied natural gas in the world. The director of the White House’s National Economic Council — and former Goldman Sachs Group Inc. president — said the administration would step up approvals for LNG export terminals, starting with a project in the Northwest […]

Source: Bloomberg

Published: April 26, 2017


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May US shale oil output seen rising most in over two years

Business

Category: Energy

US shale production in May was set for its biggest monthly increase in more than two years, government data showed on Monday, as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel. May output is set to rise by 123,000 barrels per day to 5.19 million bpd, according to […]

Source: Reuters

Published: April 26, 2017


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Exxon, Shell Join Ivanka Trump to Defend Paris Climate Pact

Business

Category: Chemicals / Metals

As President Donald Trump contemplates whether to make good on his campaign promise to yank the United States out of the Paris climate accord, an unlikely lobbying force is hoping to talk him out of it: oil and coal producers.  A pro-Paris bloc within the administration has recruited energy companies to lend their support ahead of […]

Source: Blooomberg

Published: April 26, 2017


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