News / International
Despite Huge Find, Decreasing Prices Means No Drilling in Canada
The news was bittersweet for Canada’s Northwest Territories. While the region found out last week that its Canol and Bluefish formations hold Canada’s largest shale oil reserves, the slump in prices means no one’s drilling there any more.
Shale Oil Producers to Ramp Up Drilling: Goldman Sachs
Shale oil producers, benefiting from lower costs, are expected to ramp up drilling activity if the price of U.S. oil stays near $60 a barrel, Goldman Sachs said.
Iran Leveling Impact of Gas Price Increase on Industry, Animal Husbandry
Iran is to increase price of natural gas supplied to households, businesses, and state-run building by 15% compared to last year, while leaving natural gas price for industries intact.
Statoil to Receive Underwater Hull Cleaning for Operations in Middle and Far East
GAC EnvironHull has signed a contract with the international energy company Statoil to provide underwater hull cleaning services for its vessels operating in Scandinavia, the Middle East and the Far East.
Solar Power Economics Reach Tipping Point in UAE
The drop in the cost of UAE’s solar powered energy sources has reached parity with cost of fossil fuels, making it economical and commercially viable, according to the ‘REmap 2030’ report.
US Natural Gas to Sustain Ammonia Project
Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, and Agrifos Partners, a project development company, have reached a preliminary agreement to jointly develop a world-scale ammonia project through Gulf Coast Ammonia.
Bahraini Drive Against Subsidies To Tackle Electricity Next
Electricity and water subsidies will be the next to be axed as part of the Bahrain government's cost-cutting measures, it has emerged.
Ahead of OPEC Meeting, Crude/Dollar Trade Returns to the Market
A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.
