Saturday, December 28, 2024
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Germany Wobbles on Russian Gas Pipeline as Trump Pressure Starts to Bite

From Bloomberg Support in German Chancellor Angela Merkel’s coalition for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Donald Trump starts to bite. Nord Stream 2, an $11 billion project that will double the natural gas supply under the Baltic Sea to Germany, faces growing skepticism among German

The World’s Oil Producers Prepare for a New Round of Low Prices

From Stratfor Heading into 2019, oil producers are getting the feeling that they’ve seen this market before. That suspicion was reinforced last month when the price of global benchmark Brent crude briefly fell below $50 for the first time since June 2017. In addition, for the second time in five years, declining oil prices have forced global oil producers to

Houston area frac sand company buys ceramics plant in Georgia

From Houston Chronicle Houston-area frac sand company U.S. Silica has closed on a $23 million deal to buy a Georgia plant that was used to make ceramics proppants for the hydraulic fracturing process. U.S. Silica Holdings Inc. announced on Monday morning that it closed the deal to buy the Carbo Ceramics plant in Millen, Ga. Headquartered in Katy, U.S. Silica

Oil Growth to Stall in the Other Texas Shale Patch in 2019

From Bloomberg Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS. Production has already started slowing, with supplies this month expected to average less than 1.3 million barrels a day for the first time since May. If West