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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 28, 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 28, 2017


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Norsk Titanium Announces Major Contract With Boeing

Business

Category: Airline / Travel

Last July, officials in Plattsburgh announced that Norway-based Norsk Titanium would base its U.S. manufacturing plant in the northern New York city.  The company is the world’s only qualified manufacturer of structural titanium 3D aerospace parts.  This week, Norsk announced that it has secured its first major contract with Boeing. Norsk Titanium says it created […]

Source: Wamc

Published: April 28, 2017


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Biggest Sovereign Wealth Fund Proposes to Curb CEO Bonus Plans

Business

Category: Financial / Investment

Norway’s $915 billion wealth fund proposed reining in long-term incentive packages for chief executive officers, saying a “substantial proportion” of pay should be provided in shares that are locked in for as long as 10 years. Pay practices should also be simple and avoid putting undue strain on corporate governance and allotted shares shouldn’t have […]

Source: Bloomberg

Published: April 7, 2017


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North Sea Expected to See 30 Crude, Natural Gas Projects Start by 2020

Business

Category: Energy

Despite the low cycle that the market is facing, 30 crude and natural gas projects are expected to start operations in the North Sea by 2020. The UK will lead with a total of 19 projects, followed by Norway with 10 and Denmark with a single project, according to research and consulting firm GlobalData. The […]

Source: World Oil

Published: April 11, 2017


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