All Energy & Chemicals News
Top stories summarized by our editors
7/24/2017

The number of US oil rigs fell by one to 764 in the week ended Friday, marking only the second week of declines since January, according to Baker Hughes. The pace of rig additions has slowed considerably in recent months, but analysts expect drilling activity to continue to rise through at least 2019.

Full Story:
Reuters
More Summaries:
Baker Hughes, drilling activity
7/24/2017

Greg Peterson, IBM's manager of global energy and environment, said the company uses cognitive solutions and analytics to create smarter buildings that save money and energy. Self-adjusting building control systems will become more commonplace, he said.

Full Story:
Environmental Leader
More Summaries:
IBM, Greg Peterson
7/24/2017

The Amazon wind farm near Elizabeth City, N.C., has been a huge success and greatly contributed to Avangrid Renewables' 2017 earnings report, said Avangrid CEO Jim Torgerson. Gov. Roy Cooper is meeting with stakeholders and has yet to decide on an 18-month moratorium on new wind development proposed by the state legislature, said Samantha Cole, spokeswoman to the governor.

7/24/2017

The Atlantic Coast natural gas pipeline would have some adverse impacts on the environment, but most could be mitigated by taking certain measures, according to the Federal Energy Regulatory Commission's environmental impact statement. The project, developed by Dominion Energy, would stretch 600 miles and have a capacity of 1.5 billion cubic feet per day.

7/24/2017

US oil and natural gas companies and the US Chamber of Commerce have stepped up cautioning against President Donald Trump's plan to require new pipeline projects to use US-produced steel and components. The oil industry argues that the "Buy American" requirement would lead to construction delays, higher costs and fewer new projects, which would prevent the US from achieving energy dominance and significant economic and job growth.

Full Story:
Bloomberg
7/24/2017

Quanta Services, an infrastructure services provider for the oil and natural gas, electric power and telecom industries, has bought Stronghold, which provides downstream and midstream services. The deal, worth up to $550 million in cash and stock, will help Quanta expand its footprint in the energy industry.

7/24/2017

Schlumberger, the world's No. 1 oilfield services company, has seen its North American onshore revenue climb by 42% in the second quarter, fueled by a 68% increase in its US revenues from hydraulic fracturing. "While the activity outlook in North America for the second half of the year remains robust, we are now also seeing more positive signs in the international markets with increases in activity," Schlumberger Chairman and CEO Paal Kibsgaard said.

7/24/2017

Drilling in core locations rather than better completions designs accounted for almost half of all productivity gains in the Bakken Shale since 2014, according to a study by the Massachusetts Institute of Technology's Energy Initiative. The authors of the study say companies should include the effects of location in forecasting models to avoid spending too much on completions.

Full Story:
Oil & Gas 360
7/24/2017

The Interior Department has removed Colorado's Canyons of the Ancients archaeological site from a list of national monuments under review for potential elimination or modifications. The site is one of 27 national monuments President Donald Trump had ordered to be reviewed as he seeks to open more public land to oil and natural gas drilling and mining.

Full Story:
Reuters
7/24/2017

Building traits that are positive opposites to your strengths can help you become a well-rounded leader and avoid going to extremes, writes Tony Schwartz. For instance, a strength such as confidence can turn into arrogance if overused, whereas practicing humility can be an effective counterpart.

More Summaries:
Tony Schwartz