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  • Ineos Appoints New Shale Boss to Build a UK Natural Gas Boom

    Ineos Appoints New Shale Boss to Build a UK Natural Gas Boom

    (Bloomberg) -- Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.The company promoted Ron Coyle to chief executive officer of its shale division. He has been with Ineos for almost 20 years, most recently as commercial director for its phenol division. He will oversee a subsidiary that includes three of the engineers that helped start the U.S. hydra.....More>>

    [10-17]
  • UK North Sea Oil Faces Quickening Decline If No Brexit Deal

    UK North Sea Oil Faces Quickening Decline If No Brexit Deal

    A “no deal” Brexit, which has become a stronger possibility after talks ended in a deadlock this week, could restrict investments in the North Sea, hastening the existing decline of the aging basin, said Michael Bradshaw, professor of global energy at Warwick Business School. Oil & Gas U.K., the lobby group, has warned that the industry’s cost of trade could almost double if the country reverts to World Trade Organization .....More>>

    [10-17]
  • AMERICAN MADE ENERGY IS GROWING, ESTIMATED COMPLETED WELLS UP 63 PERCENT THIS YEAR

    AMERICAN MADE ENERGY IS GROWING, ESTIMATED COMPLETED WELLS UP 63 PERCENT THIS YEAR

    Washington, October 9, 2017 – API today announced that estimated wells completed in the third quarter of 2017 increased 63 percent compared to the third quarter of 2016. This includes a dramatic 84 percent increase for all oil wells completed from year-ago levels. “Today’s report shows evidence that domestic oil and natural gas development remains strong,” said Hazem Arafa, director of API’s statistics department. “Our na.....More>>

    [10-17]
  • INDIA REFINERS OUTSHINE ASIA PEERS WITH NEW OUTPUT

    INDIA REFINERS OUTSHINE ASIA PEERS WITH NEW OUTPUT

     Indian refiners are outperforming their competitors in South Korea and Thailand as they have ramped up output from new fuel and chemical capacities to meet rising domestic demand that could further lift their earnings over the next two years.Asia is adding net refining capacity of 360,000 barrels per day (bpd) this year, according to Wood Mackenzie, with units coming online in China and Vietnam that could keep most of As.....More>>

    [10-17]
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