EPA Warns Of Steeper US Fuel Economy Goals.?The auto industry will have to step up the creation of fuel-saving technology as the?nation accelerates carbon reductions beyond current regulations.?[Bloomberg]
Analysts Say New Bear Market Is ‘Short Lived.’?Oil analysts are saying the?worst of the oil rout is now over?and trader Andy Hall said he sees a “violent reversal” ahead for the market. [Bloomberg]
Newfield Unloads $390 Million In Assets.?Newfield Exploration Company has inked two separate purchase and sale agreements?that will substantially divest all of its Texas assets?for combined net after tax proceeds of nearly $390 million. [Oilpro]
Total Starts Production At Bolivian Gas Field.?Total has started up production in the Incahuasi gas and condensate field. It is the company’s?first operated development in Bolivia?and has a production capacity of 50,000 barrels of oil equivalent per day. [Oilpro]
Construction On Dalton Lateral Pipeline To Begin.?Work is expected to begin soon on a?Georgia-based natural gas pipeline, extending from the southern part of Atlanta to the northern reaches of Georgia. [Oilpro]
Greece Bulgaria Ink IGB Gas Pipeline.?Greece and Bulgaria agreed to terms for the construction of the?Interconnector Greece-Bulgaria gas pipeline?and the creation of a LNG terminal near the northern Greek citry of Alexandroupolis. [New Europe]
Growth In Azerbaijan Unrealistic With Low Oil Prices.?Azerbaijan needs oil prices to at least double to meet its?forecast of 1.8 percent growth this year, putting the government in a difficult situation. [Reuters]
Libya’s Oil Corporation Wary Of Broken Promises.?Libya’s National Oil Corporation (NOC) wants to more than?quadruple the country’s oil output?by the end of 2016. [Oilpro]
Stone Energy Reduces Capex Guidance After 2Q Results.?Stone Energy reported Tuesday that it had?wider losses in the second quarter 2016?with a net loss of $195.8 million on oil and gas revenue of $89 million. [The Advocate]
Last-minute Talks Fail To Avert 48-Hour North Sea Strike.?Nearly 400 workers on seven Shell oil and gas platforms in the North Sea put down their tools today as the?next phase of Unite and RMT union members’ strike continue’s. [STV]
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