MARKET WATCH: NYMEX, Brent crude oil prices plummeting on stronger US dollar
Oil prices plummeted on the New York and London markets Dec. 5 and continued downward in early Dec. 8 trading. Analysts noted both US light, sweet crude oil prices and Brent crude oil prices appeared...
View ArticleCentrica makes gas discovery northeast of Aasta Hansteen field
The Norwegian Petroleum Directorate reported what it is calling a minor gas discovery made by Centrica Resources Norge AS.
View ArticleWhiting completes acquisition of Kodiak
Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. following the issuance of a final order by the Supreme Court of British Columbia approving the deal on Dec. 5.
View ArticleNexen starts bitumen production at Kinosis 1A in Alberta
China National Offshore Oil Corp. Ltd. reported the start of bitumen production at the Kinosis 1A (K1A) steam-assisted gravity drainage (SAGD) facility in Alberta.
View ArticleWest Hub production starts offshore Angola
Production has begun from the West Hub development project in deep water offshore Angola, reports Eni SPA, the operator.
View ArticleConocoPhillips slashes 2015 capital budget
ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this years budget. The news comes on the heels of crude oil prices hitting 5-year lows.
View ArticleMethane controls just part of complete climate strategy, speakers say
Reducing oil and gas operations methane emissions is an essential, but far from the only, part of a comprehensive climate strategy, speakers at a Center for Strategic and International Studies event...
View ArticleRail tank car rule could cost economy billions, report says
The US Pipeline and Hazardous Materials Safety Administration’s (PHMSA) proposed rail tank car rule could cost the US economy as much as $60 billion, a report commissioned by the Railway Supply...
View ArticleWatching Government: Did Maryland go too far?
Maryland finally proposed a strategy to regulate unconventional natural gas exploration and production on Nov. 25. The question quickly moved from what was taking so long to whether it went too far.
View ArticleCost-benefit believability
In anticipation of what might become the costliest federal regulation in US history, Congress should join the Supreme Court in reviewing the Environmental Protection Agency’s skewed approach to the...
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