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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...

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Centrica 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.

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Whiting 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.

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Nexen 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.

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West Hub production starts offshore Angola

Production has begun from the West Hub development project in deep water offshore Angola, reports Eni SPA, the operator.

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ConocoPhillips 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.

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Methane 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...

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Rail 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...

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Watching 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.

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Cost-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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