The oilservice provider that keeps on giving. SunTrust Robinson Humphrey has initiated coverage on Core Laboratories (ticker: CLB), the company said in a research note on November 20, 2014. A total of 18 firms now cover the company, with four in Europe and 14 in the United States. Eleven of the companies recommend CLB as a “Buy” or are Market/Sector
Story by the Associated Press The new leader of North Dakota’s oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent. North Dakota’s booming oil production has led to an unmanageable increase in the state’s output of
West Texas Intermediate and Brent crude prices are both up today with strong U.S. economic data and hopes of OPEC production cuts possibly coming on Thanksgiving day, but experts are divided on whether prices will continue to climb. WTI traded at $76.63, a 1.03% gain, and Brent rose 1.49% to $81.51 on Friday. Factory activity in the U.S. mid-Atlantic region
New Tool is part of EIA’s “ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports” The Energy Information Administration has unveiled the unofficial version of its U.S. Crude Oil Import Tracking Tool, an interactive map detailing the numerous pieces of the United States crude import system. Numbers involved in the tool
The end of October marked a high point in tensions between Iraq and its oil producing Kurdish region in the north. Roughly two dozen oil tankers idly turned figure eights in the Mediterranean, filled with oil pumped from Kurdish Iraq that Iraq threatened to sue any country for purchasing, reported the New York Times. The Iraqi government claims to have exclusive
Reports this week indicated that Germany might be modifying its fracing laws to make it possible for companies to drill for shale gas. Many hoped that the German government might lift its ban on fracing at depths shallower than 3,000 meters (9,800ft). While the government has said that they plan to review the process closely, they will not ban the
Based on the Energy Information Agency’s database, imports of all grades of oil from Canada have climbed by 27% in the last five years. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be
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