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California judge throws out climate change lawsuit | OutPut by Rig Lynx

June 26, 2018
| Archives

A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth’s changing environment. Noting that the world has also benefited significantly

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8.5 billion barrels of undiscovered oil still in the Eagle Ford | OutPut by Rig Lynx

June 26, 2018
| Archives

The Eagle Ford Group of Texas is estimated to contain means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas, and 1.9 billion barrels of natural gas liquids, according to the US Geological Survey’s (USGS) new assessment. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations. “Texas is so well-known for its history

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Engaged Tracking says “Tesla May Not Be Greener Than Gasoline Counterparts†| OutPut by Rig Lynx

June 26, 2018
| Archives

Teslas may not be any greener than their gasoline counterparts, research from UK-based climate data provider Engaged Tracking has suggested, based on data about the CO2 emissions linked to the production of a Tesla and also the emissions from fossil fuel-powered power plants that provide the electricity for charging the vehicles, The Times reports, citing the research company. While

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LNG import on the rise in China | OutPut by Rig Lynx

June 25, 2018
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China’s imports of liquefied natural gas (LNG) rose in May as the country continued its switch from coal and oil to natural gas in a push for cleaner air. China imported 4.15 million tonnes of LNG last month, up 42.8 percent year-on-year, according to the General Administration of Customs data. These imports rose 0.66 million tonnes when compared to the

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The unstoppable train that is called “Growth Demand†| OutPut by Rig Lynx

June 25, 2018
| Archives

A potent cocktail brewing? Global oil supply will break through the 100 million b/d mark for the first time later this year. Producers the world over, through innovation and risk-taking, have invariably contrived to meet the unstoppable train that is demand growth. The general upward progress, though, has been punctuated by wild fluctuations in the fortunes of some producing

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Ghana announce’s growth acceleration plan | OutPut by Rig Lynx

June 24, 2018
| Archives

The Ministry of Planning has hinted of Government’s plans to develop and implement a ten-year Power Sector Master Plan (PSMP) which would be reviewed to meet the medium-to-long term energy needs. The intervention will target reduction in generation, transmission and distribution losses to promote demand management while reducing the operational inefficiencies in energy supply and distribution. According to the

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A new observing country joining OPEC? | OutPut by Rig Lynx

June 24, 2018
| Archives

Russia is ready to consider the possibility of joining the Organization of the Petroleum Exporting Countries (OPEC) as an observer, Russian Energy Minister Alexander Novak told reporters. “This option really exists, it is under consideration. We are carefully studying this issue,†he said. Novak also confirmed the possibility of meeting with US Secretary of Energy Rick Perry in Washington

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Good look at the Gulf of Mexico | OutPut by Rig Lynx

June 24, 2018
| Archives

BOEM has March 2018 production at 1696 kbpd, which is down 1 percent month-on-month and 4 percent year-on-year (March 2017 was the peak production month for GoM so far). EIA numbers were very similar, although last month’s were higher and haven’t been revised yet – typically EIA numbers end up almost exactly corresponding to the BOEM reported

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