Monday, January 20, 2025

U.S. Oil Rig Count Touches 400, Overall Count at 502

Total U.S. rig count slows decline; but Canada drops by 31 rigs The oil and gas rig count continued to fall this week, but at a slower pace than was seen throughout the rest of February. The U.S. rig count fell to 502 for the week ended February 26, 2016, according to the latest data from Baker Hughes (ticker: BHI,

Duke Energy to Break Ground on 1,640 MW Gas Plant Next Week

Combined Cycle Gas Plants Taking Over Coal Generation at a Fast Clip Duke Energy (ticker: DUK; Duke-Energy.com), one of the power generation giants, is wasting no time replacing coal plants with state of the art gas-fired plants–big ones. Duke will break ground for a new 1,640 megawatt combined-cycle natural gas plant in Citrus County, Florida, on March 2. The plant will provide electricity

Canadian Oil and Gas Industry Remains Resilient: Natural Resource Minister

Alberta in much better fiscal position than BC, Ontario or Quebec While the price of U.S. crude benchmark WTI hovers above $30 per barrel, the price of Canadian benchmark Western Canadian Select has been nearer the $20 mark in recent weeks. The low prices have hit Canada’s producers hard, but Canadian Minister of Natural Resources Jim Carr remains positive about