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Talking about Crude

by charlie on March 20, 2015

This weekly news column is for the growing number of private investors wishing to keep their finger on the pulse of the ever changing energy business, and is provided as a free informational service.

Industry News

Texas’s Permian crude transport backlog should subside
West Texas’ economy has been based on oil and gas for nearly a century. Because the Permian Basin is invested so heavily in the oil and gas industry, the region’s businesses are used to its ups and downs. Read Full Article

Kuwait expects OPEC to continue policy beyond JuneOPEC is likely to maintain its production policy at a meeting in June, Kuwait’s OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global oil prices in the second half of the year. See more

Company News

Largest Bakken producer reportedly seeking investment

The largest oil producer in the Bakken shale region, Whiting Petroleum, is reportedly hiring financial advisers to seek potential investments due to increasing financial pressure from the drop in crude oil prices. Read here

Environmental News

BNSF oil train derails inĀ  rural IIlinois
A BNSF Railway train loaded with crude oil derailed and caught fire on the afternoon of March 5 in a rural area south of Galena, Ill., according to local officials and the company. The incident marks the latest in a series of derailments in North America and the third in three weeks involving trains hauling crude oil, which has put a heightened focus on rail safety.Read here

Group calls for ban of oil trains following derailments
Following two separate derailments of oil trains in North America, the Center for Biological Diversity is calling for a moratorium on oil bearing trains on safety and environmental grounds. Read Article

Technology News

Progress, challenges seen in implementing digital oilfield technology

The oil and gas industrys progress in implementing oilfield digital technology can be summed up in a quote by science fiction writer William Gibson- ” The future is already here, it’s just not evenly distributed.” Full Article


All data and information provided on this site is for informational purposes only. and its Newsletter makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.This is a personal publication; the opinions expressed here represent my own and not those of my employer.

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