RPSEA News

Search by:
241 News Found

Texas Energy Developments

"Oil prices are still struggling, and workforce strikes have expanded at many refineries. But not all the news is glum."  The downturn in Texas shale rig counts and increased pessimism from offshore drillers is being countered by companies are taking ...

Iraq may Default on Contracts

Iraq's Oil Minister Adel Abdel Mehdi said, "Iraq is negotiating to restore its state share in oil production contracts with international companies to 20-25 percent, after it was reduced in recent amendments to around 5 percent."  The falling crude prices ...

Turn Wastewater into Beer

The Goundwater Protection Council, Feb 26 Communique reports this gem of an idea for treatment of contaminated groundwater. A company in Portland, Oregon wants to wants to show off its "high-purity" water treatment system by turning recycled wastewater into beer.

Obama Vetoes Keystone Pipeline

As expected last week, President vetoed the Keystone Pipeline saying, "Through this bill, the United States Congress attempts to circumvent longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest." U.S. ...

Refinery Strike Affects One-Fifth of U.S. Capacity

Strikes now in their fourth week impact 12 U.S. refineries and have closed in on-fifth of the production.  6,550 members of the United Steelworkers union are on strike. No date for starting negotiations has been announced. The strike began on ...

Oil Price Continues to Fall

The price of oil fell by 2 % on Monday as investors continued to worry about the oversupply. However, due to the refinery strike, and cold weather on the East Coat the heating oil stock is becoming tight and the ...

Oil slides to $49.45 Per Barrel

West Texas benchmark oil price lost in the opening hours on Monday to $49.45 on the New York Mercantile Exchange.  Commerzbank noted on Friday that the oil rig count last week was the smallest in seven weeks. "Evidently, the strong ...

Gasoline Prices Rise with Refinery Strike

The average price of gasoline has risen by 13 cents due to the strikes at U. S. Refineries.  The most recent strike at the Exxon Mobil plant in Torrance, CA pushed the price higher, even though there is no shortage ...

Oil Up, Oil Down

On the London market Monday oil reached $61 per barrel, but Tuesday the gain lost and the price slipped below $61. Commodity markets are weak and the lower prices have prompted a slowdown in U.S. oil output.  Violence in the ...

Rig Count down, Oil Price up - Shale Stabilizing

Baker Hughes reported the rig count fell by 84 last week and is down 34% since early October.  U.S. shale producers responded quickly to lower oil prices. With the recent gain in oil prices shale production is expected to stabilize ...