California eyes wind, wave potential
California becomes the 14th coastal state in the country to form a task force examining the potential of wind and wave energy, the federal government said. The Bureau of Ocean Continue Reading
U.S. Rig Count Rises To 8 Month High As Permian, Eagle Ford See Decline
Eagle Ford rig Houston oilfield services company Baker Hughes, Inc. showed a four-rig increase in the United States oil count, marking 16 straight weeks of no-decline in the active oil Continue Reading
U.S. Oil-Rig Count Climbs by Four
The number of rigs drilling for oil in the U.S. climbed four in the past week to 432, continuing a trend of increases, according to oil-field services company Baker Hughes Continue Reading
Canada energy companies, police scramble to protect pipelines
Canadian energy companies and officials share intelligence, scour social media and send up surveillance drones but even so they say preventing a disruption to the country’s vast pipeline network is Continue Reading
Newfield CEO Sees Cautious Approach on ‘Huge’ Oklahoma Oil Find
Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s chief Continue Reading
Gas industry challenges new drilling rules in Pennsylvania
The natural gas industry in Pennsylvania is challenging new state regulations that govern surface development of shale gas wells, saying they threaten jobs and investment by adding up to $2 Continue Reading
Industry Body Gives ‘Positive Spin’ To 120,000 Lost Jobs
Oil harbour Industry body Oil & Gas UK has tried to put a positive spin on its own estimate that the UK offshore oil and gas sector would lose 120,000 Continue Reading
International oil prices dip on production cut doubts
International oil prices dipped on Friday over doubts that a planned cut in crude production could be achieved on a scale sufficient to rebalance a market that has been oversupplied Continue Reading
No clear direction for oil prices after mixed EIA report
Crude oil prices searched for direction in early Thursday trading after the U.S. market turned back toward the supply side, though China showed higher demand. Crude oil prices moved lower Continue Reading
Huge Crude Inventory Build Sees Oil Fall Below $50
The Energy Information Administration tipped markets towards bear territory when it reported that U.S. crude oil inventories had jumped by 4.9 million barrels in the week to October 7. The Continue Reading