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Investing in Oil

Saudis Aim To Reach Consensus On Output Deal Before Summit

Saudis Aim To Reach Consensus On Output Deal Before Summit

De facto OPEC leader Saudi Arabia plans to reach a consensus on the future of the bloc’s production limits prior to the deal’s one-year anniversary in November, according to comments by Saudi Foreign Minister Khalid al-Falih on Friday. “I am looking forward to reaching a consensus, working with you in…

Oil pipeline profits soar, natgas net softens

Oil pipeline profits soar, natgas net softens

Natural gas pipeline operators' net income reversed much of 2015's gains as revenues fell for the second straight year. Additions to gas pipeline operators' systems also softened, down more than 9% from 2015. This slowing came despite a $1.7-million/mile drop in pipeline construction costs. Source link

BP experiments with blockchain for oil and gas trading

BP experiments with blockchain for oil and gas trading

Oil major working with Eni and Wien Energie to run test trades alongside live systems Source link

Bitcoin Becomes Part Of North Korea’s Geopolitical Arsenal

Bitcoin Becomes Part Of North Korea’s Geopolitical Arsenal

Fresh off the news of North Korea claiming that the United States has declared war due to U.S. President Trump’s military positioning and contentious rhetoric, a September 11 report from FireEye has suggested that the DPRK may be mining something other than coal. With tensions at an all-time high, North Korea is…

Energy Department proposes change to electricity pricing that could boost coal, nuclear plan…

Energy Department proposes change to electricity pricing that could boost coal, nuclear plan…

Energy Secretary Rick Perry on Friday told regulators to consider a rule that would change the way electricity is priced. Source link

Australian gas producers agree domestic supply deal to avoid export curbs

Australian gas producers agree domestic supply deal to avoid export curbs

Australian gas producers were mixed in Wednesday afternoon trading after Prime Minister Malcolm Turnbull said three liquefied natural gas suppliers had agreed to a domestic supply deal, avoiding export curbs to prevent a shortfall.“They have given us a guarantee that they will offer to the domestic market the gas that…

Metgasco farms into Cooper basin well

Metgasco farms into Cooper basin well

Metgasco Ltd., Sydney, has made an agreement with Adelaide companies Senex Energy Ltd. and Cooper Energy Ltd. to farm in to area surrounding the current Frey-1 wildcat within PEL93 of the South Australian Cooper basin for a 20% working interest. The deal is dependent on the outcome of drilling and…

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