The events over the weekend in Saudi Arabia are causing concerns throughout the nation. The oil installations attacked resulted in the removal of six percent of daily world consumption, which will have an impact on motorists and consumers in the United States as early as today. The attack on Saudi Aramco’s Abqaiq plant in Buqyaq […]
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Drone delivery could be part of regular freight transportation by 2020. Vision Profile Extrusions LTD, a manufacturing company in Vaughan, Ontario, recently teamed with Drone Delivery Canada Corp or DDC. DDC is a drone technology company focused on “the design, development and implementation of its proprietary logistics software platform using drones”. According to ttnews.com, Drone […]
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After more than one hundred years of production experience in Norway, Exxon Mobil has agreed to sell its assets for an estimated $4 billion. Exxon’s Norwegian portfolio consisted of more than twenty oil fields operated by producers Equinor and Royal Dutch Shell. In 2017, the average net production of these fields was about 170,000 barrels […]
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U.S. farmers patience continues to grow thin as President Trump’s policies focus more on his trade wars with China and biofuel waivers for oil refineries.
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The oil patch is trading higher today after Saudi Arabia’s new energy minister confirmed that his country would stay the course on its oil policy, presumably to keep oil prices ticking higher as Saudi Aramco nears its long awaited IPO.
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Despite Hurricane Dorian’s effects on the Atlantic coast, both locally and across the nation gas prices are expected to continue to fall as we switch to cheaper winter gasoline.
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Royal Dutch Shell has pushed the U.S. Lake Charles LNG Export Project in Louisiana back five years to 2025. According to Reuters, “the project, a 50-50 venture with U.S. midstream company Energy Transfer, envisaged converting an existing import and regasification facility in Lake Charles into a multi-train, 16.45 million tonnes per year facility. The delay […]
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British Petroleum (BP) announced this week that they are selling their Alaska operations to Hilcorp Energy Co. for $5.6 billion dollars, ending their six-decade existence in “The Land of the Midnight Sun.” The sale to Hilcorp Energy Co includes BP’s stake in the Prudhoe Bay oil field, the Point Thomson gas field and the Trans-Alaska […]
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The increase in truck driver shortages could be a serious problem for the U.S. economy in the future. Driver shortages were up 20% in 2018 and this trend is continuing in 2019. Within the next decade, United States industries could see the highest driver shortage in U.S. history.
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Since 2012, solar panels installed by SolarCity, have caused seven fires on the roof tops of Walmart stores. In 2016, Tesla purchased SolarCity to expand its renewable energy business. The purchase of SolarCity has been controversial since the beginning as it was founded by cousins of Elon Musk, and Musk himself served as chairman of […]
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