Congressman Gonzalez Starts Oil & Gas Caucus in House of Representatives

Congressman Vicente Gonzalez (TX-15) announced the formation of a Congressional Oil and Gas Caucus. This organization, composed of congressional members, will be created to educate members of congress about the oil and gas industry. From upstream: extraction and production; midstream: transport, and downstream: refining, value-added petroleum products. Additionally, it will cover all other related hydrocarbon...

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Source: Oilman Magazine – The Magazine for Leaders in American Energy

UK Stocks-Factors to watch on June 27

Britain's FTSE 100 futures were down 0.09 percent ahead of the cash market open. * PETROFAC: British oilfield services company Petrofac Ltd on Tuesday said it expected an underlying net profit of $135-$145 million for the first-half of 2017 as higher bidding activity in its core markets led to a strong order book. * DEBENHAMS: [Read More…]

Source: BOE Report

Tombstone Trickery: The Fractivist Descent Into Darkness

Fractivist opponents of the Atlantic Sunrise have descended deep into darkness with an episode of vile tombstone trickery disrespectful of living and dead.

How much more vile can the fractivist cause get? First, there were the outrageous exaggerations and lies. Then, came the foul-mouthed bleating of fractivist heroes accorded celebrity status by an empathetic and biased press, not to mention ...


Source: Oilpro - New Posts

Falling costs support Egyptian renewables funding

Further evidence that the tide is moving quickly in favor of renewables in the Middle East and North Africa is being provided by the rejuvenation of the sector in Egypt.

According to REN21, the global renewable energy umbrella group, recent tenders outside the country have shown that renewables should be as cheap an option, or even cheaper, than thermal power ...


Source: Platts - The Barrel Blog News Feed

TransCanada Establishes At-The-Market Equity Program

CALGARY, ALBERTA–(Marketwired – June 26, 2017) – News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that it has established an at-the-market equity program (ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion or its U.S. [Read More…]

Source: Headlines – BOE Report

Cheaper Gasoline Should Give Limited Boost to U.S. Fuel Consumption (Monday, 26 June 2017)

Cheaper gasoline prices should spur an increase in driving in the United States and provide a limited boost for gasoline consumption over the summer, after a slow start to the year.

Gasoline consumption depends on the volume of traffic (vehicle-miles traveled) and the average fuel-economy of the cars on the road.

Traffic volume in turn depends on demographic and economic ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com