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Pennsylvania Benefits from Oil, Gas Extraction in the State
Friday, November 21, 2014 Oil and gas drilling in Pennsylvania is creating thousands of new jobs and providing funds to the state for infrastructure improvements.
Statoil Takes $350M Hit on Angola Exploration Halt
Friday, November 21, 2014 Norway's Statoil is halting exploration in Angola after poor drilling results, retreating from an offshore area it had high hopes for and capping a poor year for exploration.
BSEE, Fieldwood Investigating Explosion from Maintenance on Echo Platform
Friday, November 21, 2014 An investigation is underway into a maintenance incident that killed one worker and injured three on a Gulf of Mexico platform.
One Dead in Explosion at Fieldwood Platform in Gulf of Mexico
Friday, November 21, 2014 An explosion at oil and gas operator Fieldwood Energy's Echo Platform in the Gulf of Mexico killed one person and injured at least one, but no pollution was reported, a U.S. safety agency and the company say.
OPEC Panel Reviews Oil Outlook in a Start to Talks on Oversupply
Friday, November 21, 2014 A panel of national representatives review OPEC's oil market outlook for 2015, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude.
Report: Bird Needs 3-Mile Buffer From Drilling
Friday, November 21, 2014 A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.
Oil Up First Time in 8 Weeks on China Rate Cut, OPEC Expectations
Friday, November 21, 2014 Oil prices rise for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut.
Brazil's Rousseff Struggling to Limit Petrobras Scandal's Damage
Friday, November 21, 2014 President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling.
Energy Minister: Russia Mulls Oil Output Cut, No Decision Yet
Friday, November 21, 2014 Russia may cut oil production to shore up flagging prices, but its ability to change output is limited and no decision has been made yet, its energy minister said, underlining Moscow's desire for a higher oil price.
Russia's Lukoil to Invest in Nigerian Project with Chevron
Friday, November 21, 2014 Russia's second-largest oil company, privately controlled Lukoil, plans to invest in Nigeria with U.S. oil major Chevron Corp., part of its push to seek opportunities away from Russia's state-dominated oil sector.
Apache to Sell $1.4B in Non-Core US Assets
Thursday, November 20, 2014 Apache will sell non-core assets in southern Louisiana and the Anadarko Basin for $1.4 billion as part of its strategic focus on its growing liquids production.
China's Oilfield Services Companies Face Mixed Industry Fortunes
Thursday, November 20, 2014 Independent oilfield services firms operating in China face challenging times, while providers owned by Chinese national petroleum firms are shielded from such pressures.
Oil Up After 3-Day Loss On Strong US Data, OPEC Cut Speculation
Thursday, November 20, 2014 Oil closes higher, snapping a three-day loss, as strong US economic data bolsters crude markets.
Draft Law: Germany to Leave Door Ajar for Fracking
Thursday, November 20, 2014 The German government plans to stop short of an outright ban on fracking for shale gas.
BBVA Compass: The Texas Economy Can Handle $70-80/bbl Crude Oil Prices
Thursday, November 20, 2014 The Texas economy is likely to remain strong as long as crude oil prices remain at, or above, the $70-80/bbl range, according to a recent report.
Minister: Venezuela Willing To Cut Oil Output Along With OPEC
Thursday, November 20, 2014 Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez says.
NPD: Norway Hopes to Launch New Oil, Gas Licensing Round before Christmas
Wednesday, November 19, 2014 Norway hopes to launch its 23rd oil and gas licensing round before Christmas, according to the head of the Norwegian Petroleum Directorate.
Indonesia President Names Ex Corruption Watchdog Deputy to Head SKKMigas
Wednesday, November 19, 2014 Indonesia's president appoints a former senior official at the corruption watchdog to head energy regulator SKKMigas, as part of efforts to restore investor confidence in the country's graft-ridden energy sector.
Chestnut CEO: Better Communication Might Have Prevented Denton Ban
Wednesday, November 19, 2014 An energy CEO discusses how the Denton voter referendum could have been prevented, and the likely outcome of the vote.
Directorate: Oil Firms Demand Excessive Returns Offshore Norway
Wednesday, November 19, 2014 Oil companies in Norway are frequently demanding excessive returns on their investments, raising the risk that some oil will never be produced, NPD Director Bente Nyland says.
Oil Down On Fed Uncertainty Over US Economy; OPEC In Focus
Wednesday, November 19, 2014 Oil prices fall for a third straight day, as early gains on talk of a possible OPEC output cut vanish after the Federal Reserve releases minutes.
Oman to Maintain Capex for Oil, Gas Industry in 2015
Wednesday, November 19, 2014 Oman maintains capital expenditure for the country's oil and gas expenditure in 2015 despite falling crude oil prices, local media quoted an oil and gas ministry official as saying.
Studies Highlight Job, Economic Potential of Expanding US Offshore Leasing
Wednesday, November 19, 2014 Opening additional areas of the US Outer Continental Shelf could create over 800,000 jobs and generate significant government revenues, according to studies by API and NOIA.
Source: Petrobras Probe Finds Corruption, One Executive Fired
Wednesday, November 19, 2014 Petrobras fires one executive for corruption and identifies about 15 other employees involved in irregular contracts with suppliers, a source familiar with the situation says.
Kemp: Keystone Is Dragging Down The Democrats
Wednesday, November 19, 2014 The Keystone pipeline has assumed a symbolic importance in the struggle between fossil fuels and renewables out of all proportion to its practical significance for either side.
Turkmenistan: Pipe Dreams Turning Real
Tuesday, November 18, 2014 Being a landlocked country, Turkmenistan has focused on exporting gas to willing customers through ambitious pipeline networks – with many more in the offing.
US Senate Heads For Vote On Keystone XL Pipeline
Tuesday, November 18, 2014 Backers of the Keystone XL oil pipeline hope a vote in the US Senate late on Tuesday will send a bill clearing the way for the controversial project to President Obama.
Oil Steadies above $79 as OPEC Output Cut Talk Heats Up
Tuesday, November 18, 2014 Brent crude oil steadies above $79 per barrel after hitting a four-year low last week, as speculation grows that OPEC could cut output at its November 27 meeting in Vienna.
EarthStream Assesses Impact of Lower Oil Prices on Oil, Gas Job Market
Tuesday, November 18, 2014 Energy recruitment firm EarthStream assesses the impact of the recent decline in oil prices on the oil and gas job market.
Keystone XL Pipeline Bill Dies in Senate
Tuesday, November 18, 2014 A bill to force approval of the Keystone XL pipeline fails in the U.S. Senate, sparing President Barack Obama from having to veto legislation that several fellow Democrats supported.
Former PEMEX CEO: Ball Rolling on Mexican Energy Reform
Tuesday, November 18, 2014 Former PEMEX CEO Jesus Reyes-Heroles outlines the opportunities and challenges of Mexico energy reform at a recent energy industry conference.
Oil Extends Slide As Traders Seek Fresh Leads On OPEC
Tuesday, November 18, 2014 Oil falls for a second straight day as traders look beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads.
Saudi Aramco's Oil Resources To Grow To 900 Billion Barrels By 2025
Tuesday, November 18, 2014 Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive says.
Baker Hughes CEO Due Millions if Halliburton Deal Closes
Monday, November 17, 2014 Martin Craighead, chairman and chief executive officer of Baker Hughes, stands to collect millions if Halliburton Co succeeds in its $35 billion takeover and he loses his job, according to regulatory filings.
Keystone U.S. Senate Vote Hangs in Balance after Obama Remarks
Monday, November 17, 2014 Keystone XL pipeline in the U.S. Senate scramble to gather votes to pass a bill that authorizes the project to help send Canadian oil to the U.S. Gulf, a task made harder after President Obama made his toughest com
Minister: Norway Oil Investments to Fall More Than Expected in 2015
Monday, November 17, 2014 Norwegian energy minister expects his country's oil industry to cut investments more sharply than previously anticipated.
Halliburton Faces Tough Sell in Taking Baker Hughes Deal to Regulators
Monday, November 17, 2014 Halliburton will have a tough time convincing U.S. regulators to approve its $35 billion deal to buy smaller rival Baker Hughes but could prevail with the right divestitures, antitrust experts say.
Halliburton to Buy Baker Hughes for About $35B
Monday, November 17, 2014 Halliburton will buy Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as customers begin to cut spending due to falling oil prices.
Germany Government Reiterates its Ban on Fracking
Monday, November 17, 2014 Germany says it has no plans to lift a ban on fracking, following a report in news magazine Der Spiegel that it was considering lowering the hurdles for shale gas extraction to allow test drilling.
Finland and Estonia Agree LNG Terminal Plan
Monday, November 17, 2014 Finland and Estonia reach an agreement to build two liquefied natural gas (LNG) terminals, connected by a pipeline across the Gulf of Finland by 2019.
Fall in Oil Revenue Will Hit Colombia Hardest in 2016 -Official
Monday, November 17, 2014 Colombia will feel the most impact from the global decline in crude prices in 2016, the finance ministry's head of public credit said as the government braces for a drop in oil revenues.
Brazil's Petrobras Vows to Investigate Graft Allegations
Monday, November 17, 2014 Brazil's state-run oil company Petroleo Brasileiro vows to fully investigate a money-laundering scandal that has rattled the company's shares, and caused the biggest crisis to date for President Dilma Rousseff's government.
Kemp: OPEC's Options (None of Them Good)
Monday, November 17, 2014 As ministers from the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to fly to Vienna for their 166th meeting, the quiet consultations and soundings have already begun.
Oil Down after One-Day Rise, as Japan Enters Recession
Monday, November 17, 2014 Oil prices fall after a one-day rally as fourth-largest crude importer Japan fell into recession and an OPEC meeting neared without an agreement to cut production.
In Keystone XL Debate, Obama's Warning on Oil Exports Rings Only Half True
Monday, November 17, 2014 President Barack Obama's sharpest criticism yet of Keystone XL this weekend included a controversial contention that the huge pipeline would be used to pump Canadian oil sands crude to global markets, not to U.S. refiners.
Cyber-Sputnik Needed to Spur Cyber Skills Development
Monday, November 17, 2014 The United States’ dependence on its digital infrastructure makes preparation against cyberattacks more critical than ever, a cyber-intelligence expert tells Rigzone.
Putin's Oil Tsar Heading to Vienna as OPEC Meets
Monday, November 17, 2014 Top Russian oil producer Rosneft's Chief Executive Igor Sechin will fly to Vienna on Nov. 25, just two days before the Organization of the Petroleum Exporting Countries meets in the city to debate the plunge in oil prices.
Statoil in Test Case for Industry as Canada Extends Seabed Territories
Sunday, November 16, 2014 Statoil is risking millions of dollars in extra costs in Canada, where the country is using United Nations laws to define new limits to its seabed territory.
Halliburton Worker Killed in Colorado Fracking Accident
Friday, November 14, 2014 An accident at a fracking site in Colorado killed a Halliburton worker and seriously injured two as they tried to thaw a high-pressure water line that had frozen in record-breaking cold conditions.
Oil Surges a Day after Brent Crash; Supply Fears Linger
Friday, November 14, 2014 Brent crude jump almost $2 a barrel for its biggest gain in three weeks amid support a day after crashing to four-year lows, but analysts doubt the rebound will continue.
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