** An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Monday after being hit by “an external source,” a shipping company said, suggesting another vessel has come under attack off the kingdom amid its yearslong war in Yemen reported the Associated Press. The Singapore-flagged BW Rhine saw all 22 sailors on …
December 14, 2020 archive
Another natural gas power plant to be closed
Luminant says it will shut down a natural gas-fired Trinidad Power Plant in the spring of the year, ending a 55 year history of producing electricity for the region southeast of Dallas, Texas. The Athens Review reported the company had informed the Electric Reliability Council of Texas of its plans for the shutdown. Click …
SandRidge makes $47 million sale of North Park Basin assets
Oklahoma City’s SandRidge Energy on Monday announced the $47 million sale of its North Park Basin Assets in Colorado to Gondola Resources, LLC, a Delaware limited liability company backed by Fulcrum Energy Capital Funds. It is the latest divestiture made by the Oklahoma energy company. Gondola is based in Frisco, Texas and formed in 2015 …
Tar sands oil liked by Wall Street investors
Canada’s oil sands are starting to become more and more favorable in the eyes of Wall Street analysts and investors. Bloomberg reports the Canadian oil sands companies are coming out of the downturn with a greater standing among those who look to making the best and strongest investments. The product has reportedly become even …
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