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Recon Announces New Contracts for Oil and Gas Internet of Things Production Projects for PetroChina Changqing Oilfield Company

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Sep 25, 2017, 8:00am EDT BEIJING, Sept. 25, 2017 /PRNewswire/ — Recon Technology, Ltd. (NASDAQ: RCON), (“Recon” or the “Company”), a leading independent solutions integrator in oilfield service, electric power and and coal chemical industries operating in China, today announced the Company has won several contracts totaling approximately RMB 6.1 million, or approximately USD 0.9 million, to develop four Internet of Things … Read more

Mexican fuels market in the spotlight during Gov. Abbott’s binational energy meeting

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Sep 20, 2017, 2:39pm CDT Mexico’s growing fuels market took the spotlight during a binational meeting hosted by Texas Gov. Greg Abbott to discuss new business opportunities in the energy sector. Abbott hosted Mexican Ambassador to the U.S. Geronimo Gutierrez-Fernandez and Petroleos Mexicanos CEO Jose Antonio Gonzalez-Anaya at a Monday evening dinner with executives from Texas-based energy companies at … Read more

Florida / Irma / Gas

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Gas shortage: Florida races to refill gas stations after Hurricane Irma by Matt Egan   @mattmegan5September 11, 2017: 4:27 PM ET Florida is racing to refill its drained gas stations to allow millions of residents to return to their homes following mass evacuations caused by Hurricane Irma. Historic demand for gasoline sparked major gas shortages in the days before Hurricane … Read more

Texas oil refineries still badly hurting from Harvey by Matt Egan @mattmegan5 September 11, 2017: 4:14 PM ET

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Hurricane Harvey packed such a powerful punch that more than a dozen Gulf Coast oil refineries are still hurting two weeks after the storm struck Texas. Five oil refineries remain shuttered as of Monday, according to S&P Global Platts, an energy research firm. Ten more are partially shut down as they attempt to recover from … Read more

Oil Booms and Busts

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http://pmd.cdn.turner.com/money/big/investing/2016/02/19/oil-history-timeline.cnnmoney_1024x576.mp4   Video courtesy of http://money.cnn.com/2017/03/20/

Hurricane Harvey and Texas Strong

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Hurricane to Cost Tens of Billions, but a Quick Recovery Is Expected (courtesy of http://www.nytimes.com) https://nyti.ms/2waUd25 The brutal storm pummeling the Houston area is likely to rank as one of the nation’s costliest natural disasters, with tens of billions in lost economic activity and property damage across a region crucial to the energy, chemical and shipping industries. … Read more

What are Blowout Preventers’ (BOP’s)

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BOP stands for Blow-Out Preventer, and these are placed at the top of the well. It is a valve that can be turned off remotely in most cases, so that the drilling crew may regain control. Then measures can be taken to restore the correct density and stabilize the pressure of the reservoir. Blow-Out Preventers … Read more

Trump, reversing Obama, will push to expand drilling in the Arctic and Atlantic

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https://www.washingtonpost.com/politics/trump-reversing-obama-will-push-to-expand-drilling-in-the-arctic-and-atlantic/2017/04/27/757fa06c-2aae-11e7-b605-33413c691853_story.html?utm_term=.c59a8b746edf By Juliet Eilperin and Brady Dennis April 27, 2017 President Trump will take a major step Friday to expand oil and gas drilling off U.S. shores, directing the Interior Department to lift restrictions that President Barack Obama imposed in the Arctic and Atlantic oceans. But local political considerations and the global energy market are likely to influence … Read more

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