Philly Shipyard Signs Letter of Intent with a Leading Jones Act Operator to Build Up to Four New Containerships for the Hawaii Trade

Highlights Philly Shipyard and a leading Jones Act operator have executed a Letter of Intent and begun exclusive negotiations of definitive agreements The Letter of Intent contemplates the construction and sale of two firm plus two option (2+2) state-of-the-art, cost-effective and environment-friendly vessels for the Hawaii containership trade Philly Shipyard has already initiated construction of [Read More…]

Source: BOE Report

Liberal Watchdog Group Claims Trump’s EPA Illegally Lobbied Against Paris Climate Deal

A Democratic watchdog group claimed Thursday that EPA administrator Scott Pruitt illegally lobbied against the Paris climate accord before President Donald Trump eventually backed out of the non-binding agreement. The American Democracy Legal (ADL) Fund sent a letter to the U.S. Government Accountability Office (GAO) complaining Pruitt violated an obscure lobbying law prohibiting federal agencies from spending [Read More…]

Source: BOE Report

Canada Weekly Rig Count Up 15 to 206

Western Canada’s fleet of drilling rigs increased this week to 206 actively drilling rigs according to data collected by Baker Hughes for the week of July 21. From one week ago, Alberta rig counts increased to 132 rigs from 121, the Saskatchewan rig count went down – current count at 42 from 39. Oil drilling [Read More…]

Source: BOE Report

CORRECTION – Husky Energy Reports Second Quarter 2017 Results

CALGARY, Alberta, July 21, 2017 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Husky (TSX:HSE), please note that in the seventh paragraph under the “Operational Highlights” bullet points, second sentence, the “pre-tax FIFO loss” should be “$39 million,” not “$25 million” as previously stated. Investor and Media Inquiries:   Rob Knowles, Manager, Investor Relations 587-747-2116Mel Duvall, Manager, Media & Issues403-513-7602  

Source: BOE Report

Trump pushing to sell off part of Strategic Petroleum Reserve

The United States crude stockpile reserve started small. In the wake of the 1973 Arab oil embargo, which sent prices through the roof and forced Americans to ration gasoline, the US government decided to protect against global supply shocks by creating a national crude stockpile consisting of just 412,000 barrels of Saudi Arabian light crude in a Southeastern Texas salt ...


Source: Oilpro - New Posts

West Texas Rant

West Texas Rant Good Friday Morning, This is the West Texas Rant. This rant brought to you by Big Bills Water Hualers At Big Bills not only does our 10 pound only weight up at 9.6, but most of it was pulled from a tank battery 3 days ago and stored in leaky tanks for your convenience

It's Friday OilPro folks. Don't ...


Source: Oilpro - New Posts