General Electric (GE) and Norway’s Statoil have announced a strategic collaboration to advance more environmentally friendly and economically sustainable technologies for oil and gas production. GE and partially state-owned Statoil have a long history of working together and both share a commitment to improving their environmental footprints, which is a goal increasingly valued by investors… Keep reading →
Union Pacific Railroad just announced handsome Q3 profits driven in large part by the US energy boom. Although crude oil shipments were down from the corresponding period last year, shipments of sand for hydraulic fracturing operations have been strong. Less expensive diesel fuel also helped the rail company’s bottom line. “Today you’re seeing lots of… Keep reading →
Upstream oil and gas capital costs declined in the first nine months of this year, but this likely precedes another move upward, according to consultancy IHS. The cost of building upstream oil and gas facilities dipped slightly – by less than 1% – between the first and third quarters of 2013, representing the first decline… Keep reading →
