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US Drillers Add Oil Rigs For Fifth Straight Month

U.S. energy firms this week added oil rigs for a third week in four and increased the rig count for the fifth month in a row, even though oil prices this week fell to their lowest since October 2017. Drillers added two oil rigs in the week to Nov. 30, bringing the total count to 887, Baker Hughes, a GE company (NYSE: BHGE) said in its weekly report. For the month, the rig count was up 12 in November, matching October and its fifth monthly increase in a row.
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Equities Fund Brenham Capital To Shut As Energy Stocks Plunge

Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors Nov. 30. The Dallas-based fund will be liquidated and investor capital will be returned at the end of the year, according to the letter which was reviewed by Reuters. While oil prices rallied to near four-year highs in October, those gains have not extended to energy equities, hurting firms such as Brenham. The Russell 2000 Energy index is down more than 20% this year after falling 17% in 2017.
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Germany Plans To Increase Wind, Solar Power Production

Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next three years as the government tries to compensate for its decision to abandon strict emissions targets. Chancellor Angela Merkel’s conservatives and their Social Democrat (SPD) junior coalition partners this year dropped plans to lower CO2 emissions by 40% from 1990 levels by 2020. The decision was based on expectations that Germany would miss its national emissions target for 2020 without any additional measures because of strong economic growth and higher than expected immigration.
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Mariner East Opponents Continue to Fight Finished Pipeline!

Kurt Knaus Spokesman Pennsylvania Energy Infrastructure Alliance … … Mariner East opponents are fighting an already finished pipeline. One can only conclude they’re doing so to raise money for themselves and future endeavors. Opponents of the Mariner East projects once … Continue reading

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Recent Reports Are Clear: U.S. Air Quality is Improving

Air quality in the United States is improving at the same time U.S. oil and natural gas production has skyrocketed, according to two reports issued this month. As one of the reports from the Texas Public Policy Foundation (TPPF) summed it up:

“Over the past 50 years, the U.S. has achieved robust economic growth while dramatically reducing emissions of harmful air pollutants.”

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Marcellus Shale Gas Is the Leverage Needed to Curb Russian Aggression

Daniel B. Markind, Esq. Flaster Greenberg PC   Our Marcellus Shale gas from Pennsylvania and West Virginia provides the LNG leverage needed by Europeans to curb Russian aggression against Ukraine.  The simmering dispute over waterway rights between Ukraine and Russia broke … Continue reading

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The Crocodile Turns: Rockefeller 350 Gang Goes Full Extremist on Cuomo

Tom Shepstone Shepstone Management Company, Inc. … … Bill McKibben’s 350 gang has been a Rockefeller deal from the start. Andy Cuomo fed the crocodile but his usefulness is over and it has turned on him. Bill McKibben is always identified … Continue reading

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Ensign Energy Tender Gets Over 50% Of Trinidad Shares, Precision Ends Bid

Canada’s oilfield services provider Ensign Energy Services Inc. said on Nov. 27 about 56% of Trinidad Drilling Ltd.’s shares have been tendered in its hostile offer, with rival bidder Precision Drilling Corp. walking away. Precision and Trinidad’s shares both closed up more than 2.5%, while Ensign ended down 8.8%. Ensign said the tendered shares helped meet the statutory minimum condition for its C$947-million hostile offer. The company now owns 66.18% of Trinidad shares, including stock in the company it previously owned.
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