Crude futures retreated sharply from a 2½-year high as U.S. and other officials said current oil stockpiles were adequate to meet any supply disruptions. President Barack Obama and Treasury Secretary Timothy Geithner sought to quell fears on Thursday that unrest in Libya would put oil prices on a long term upward trajectory. “We actually think [...]
Archive for the ‘Power & Energy’ Category
Iraq’s Oil Production Highest Since ’03 Invasion BAGHDAD—Iraq’s oil exports climbed to their highest level in February since the 2003 U.S.-led invasion, boosted by a resumption in exports from the semiautonomous Kurdish region in the north, a senior oil official said Tuesday. The country, which overwhelmingly relies of oil revenues for its budget, also benefited [...]
Oil Prices Drop with Mideast Tension Oil prices pulled back as traders watched for new developments in the Middle East a day after reports that Iran is moving warships through the Suez Canal Safety of oil pipeline across Minnesota is questioned An underground pipeline that crosses northern Minnesota is vulnerable to leaks and hazardous ruptures [...]
Energy Updates
Posted: February 14, 2011 by nedlyons in Industry News and Commentary, Power & EnergyTags: Energy, Power
Mongolian officials are sitting down with bankers in the coming days to discuss the multibillion-dollar sale of shares in the world’s largest coking coal deposit, said people familiar with the matter. Mongolia plans to sell about half of state-owned holding company Erdenes-Tavan Tolgoi Co., which controls the massive deposit, located in the South Gobi desert [...]
As North America experiences a renaissance in oil drilling, exploration & production (E&P) spending is expected to rise in 2011. According to a recently released Barclays Capital research note a decline in dry gas drilling is predicted, offset by an increase in oil and liquids-rich activity. Hiring activity in the pipeline industry is on the [...]
Heavy Civil Update Early February 2011
Posted: February 14, 2011 by paulwallick in Power & EnergyTags: Energy, Heavy Civil, Power
Energy is busy in Western North Dakota with coal and oil. Wind turbines have slowed down because of ending government incentives. In housing we are trying to find predictability and consistency. A lot of housing and lot of inventory is being consumed so in some submarkets land development work is beginning – that is good [...]
Ned Lyons VP Double Eagle Group Power /Energy A pending merger between Duke Energy and Progress Energy would create the largest utility company in the U.S. The combined company will operate as Duke Energy, and will have 7 million customers. The Wall Street Journal reports oil markets are nervously keeping an eye on the unrest [...]
JOBS
Posted: March 8, 2011 by nedlyons in Current Employment Commentary, Power & EnergyTags: employment news, Energy, Power
U.S. employers added 192,000 jobs last month, the government reported Friday — the biggest monthly jump since May and the latest sign that the nation’s employment picture is set to brighten this year. Specifically I have seen shortages of experienced talent within the pipeline construction industry. Lots of RFP activity but experienced engineering resources are [...]