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Regional News: United States

 
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Kemp: Why The Shale Revolution Is Not About To End
Friday, August 29, 2014 Doubts about the sustainability of the North American oil and gas boom center on rapidly declining output from many shale wells after they are initially drilled.

EIA: Tight Oil Stabilizes Brent Crude Prices
Friday, August 29, 2014 Production from US shale formations is making oil imports from OPEC countries less important.

PacWest: Considerable Growth Expected for US Shale Formations
Friday, August 29, 2014 Shale plays in the US are expected to show significant growth between 2014 and 2016, PacWest says.

FT: Shell Submits Revised Drill Plan for Arctic
Friday, August 29, 2014 Shell has sought permission from the U.S. government to drill in the Arctic Ocean and is keeping open the possibility that it could drill there next summer, the Financial Times reports.

Brent Falls, US Crude Rises As Global Demand Seen Weak
Thursday, August 28, 2014 Brent crude oil falls and US crude rises as ample global supply and lackluster demand pressure the global benchmark.

  



Kemp: Free Cash Flow Says Little About The Future Of Shale
Thursday, August 28, 2014 The independent companies at the forefront of the US shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.

Iraq To Appeal US Court Decision On Kurdish Oil
Thursday, August 28, 2014 The Iraqi oil ministry says it would challenge a US court decision that stopped US Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.

Feds To Resume Leasing For Fracking In California
Thursday, August 28, 2014 The US Bureau of Land Management will resume issuing oil and gas leases next year for federal lands in California after a new study.

Musings: Further Proof Of Industry Change Due To Era of Austerity
Wednesday, August 27, 2014 In an Era of Austerity, changes reflect management views of the challenges in dealing with the capital cost/commodity price/investor return trifecta, as they assess business opportunities.

Crude Oil Little-Changed After Oil Inventory Draw, Cushing Build
Wednesday, August 27, 2014 Crude oil futures settle flat after choppy trading, following a report that showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing storage hub.

Chestnut's Plummer: Texas Roads, Infrastructure Need Improving
Wednesday, August 27, 2014 Continued growth in Texas' energy industry requires an investment in the state's infrastructure.

US Energy Boom Better Than Sanctions Against Russia
Wednesday, August 27, 2014 Competition in the form of increased US energy exports is the last thing Russian President Vladimir Putin wants to see, so that's exactly what we should do.

Alaska Voters Reject Repeal Of 2013 Petroleum Tax
Wednesday, August 27, 2014 Alaska voters retain a new petroleum production tax system that offers hope of increased investment and jobs but draws criticism as a giveaway to already profitable oil companies.

Texas RRC: Proposals to Amend Fracking Regulations Underway
Wednesday, August 27, 2014 The Texas RRC says amendments to rules affecting fracking disposal wells are being considered.

Developer to Lease Ohio Site for Ethane Cracker
Tuesday, August 26, 2014 Slightly larger but still "less than world-scale," $1 billion integrated ethylene/polyethylene project advances.

US Crude Rises On Supportive Data, Brent Slips
Tuesday, August 26, 2014 US crude rises as supportive US economic data overshadowed concerns about slowed growth in other oil consuming economies and ample global oil supplies.

US Crude Edges Lower In Light Trading On Weak Economic Data
Monday, August 25, 2014 Brent crude oil edges higher while US crude falls in light trading.

AWI Offers Alternative to Conventional Well Intervention
Monday, August 25, 2014 Alternative Well Intervention officials say its technology addresses the safety issues surrounding conventional hydraulic work over and well intervention solutions.

Statoil To Hold Back US Shale Ramp Up
Monday, August 25, 2014 Statoil will only slightly raise its US shale oil and gas output in the near term due to spending curbs, the firm says.

Wood Mackenzie: Shale to Keep US Dominant Oil, Gas Player
Friday, August 22, 2014 Shale formations are expected to keep the US in a prominent position over the next decade, Wood Mackenzie says at NAPE.

US Steel Pipe Makers Win Key Anti-Dumping Case Against Cheap Imports
Friday, August 22, 2014 The US has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from the US shale boom.

US Crude Falls, Down For Fifth Week, On Ample Supply
Friday, August 22, 2014 US crude oil futures fall for a fifth straight week of declines while Brent remains under pressure from a stronger dollar and plentiful supplies.

Maersk to Lay Off Portion of Houston Workforce
Thursday, August 21, 2014 Maersk will lay off some employees in its Houston office, but says its Houston operations will still play a key role in its operations.

Orion: Finding Oil, Gas Talent from the Ranks of Military Veterans
Thursday, August 21, 2014 Orion is matching military veterans to career positions in the oil and gas industry.

Petroleum Engineers See Highest Increase in Median Average Salary
Thursday, August 21, 2014 Petroleum engineers see the highest increase in median annual salary since 2011, according to a recent report.

Crude Oil Recovers On US Economic Data After Early Slide
Thursday, August 21, 2014 US and Brent crude futures rise, lifted by supportive economic data from the US after a plentiful supply picture and Chinese economic data pressured prices earlier.

Alaska Oil Tax Supporters Fending Off Repeal Efforts
Wednesday, August 20, 2014 Alaska voters look on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP and ExxonMobil.

BP Names New CEO of US Shale Unit
Wednesday, August 20, 2014 BP announces it has named David Lawler chief executive officer of its US Lower 48 Onshore business.

Lower Tertiary Trend Remains Focus of Western Gulf Bidding
Wednesday, August 20, 2014 Operators focus bidding on Lower Tertiary and US-Mexico transboundary tracts in BOEM's Western Gulf of Mexico Lease Sale 238.

US Shale Presence Helps John Wood Group's Core Profit
Tuesday, August 19, 2014 John Wood Group is banking on its presence in the US shale industry to drive growth.

US Crude Sinks For Second Day Ahead Of Contract Expiry
Tuesday, August 19, 2014 US crude oil falls for a second straight day as a rush of selling ahead of the session close brings the contract to its lowest price since January.

Brent Crude Hits New 14-Month Low As Supply Risks Ease
Monday, August 18, 2014 Brent crude oil sheds nearly $2 a barrel to reach its lowest price in over a year as investor concerns over conflict in Ukraine and Iraq ease.

$150 Million Convention Center Eyed For North Dakota Oil Patch
Monday, August 18, 2014 A subsidiary of The Prime Group says it plans to build a $150 million convention center in Williston, North Dakota.

Sources: Linn Energy Taps Banks For $2B Oil Asset Sale
Friday, August 15, 2014 Linn Energy hires banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to people familiar with the matter.

Oil Jumps Up After Ukraine Says Hit Russian Armored Force
Friday, August 15, 2014 Brent and US crude futures jump more than $1 a barrel on news that Ukraine forces had engaged a Russian armored column on Ukrainian soil.

New Model Needed for Oil, Gas Data Communications
Friday, August 15, 2014 The increasing remoteness of global O&G exploration and production and number of devices and applications collecting data has created the need for a new distributed architecture for remote technologies.

Colorado Fracking Task Force Faces Big Task, Mixed Reception
Thursday, August 14, 2014 Colorado Gov. Hickenlooper's task force seeks to allay energy industry concerns while protecting the environment.

ConocoPhillips Reaches Out To Put Veterans to Work
Thursday, August 14, 2014 ConocoPhillips works with recruiters for military veterans to find workers wanting a career in the oil and gas sector.

Brent, US Crude Shed $2; Oil ETF Shares Slide
Thursday, August 14, 2014 Crude oil prices fall more than $2 a barrel on both sides of the Atlantic.

Shell Sells More US Gas Assets Amid Cost Cutting Drive
Thursday, August 14, 2014 Shell announces the sale of onshore US shale gas assets as the energy company restructures its North America production and reins in costs.

US Energy Dept Finalizes Overhaul Of Natural Gas Export Reviews
Thursday, August 14, 2014 The US Energy Department finalizes a plan to revamp its process for approving LNG exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.

Brent Rises On Supply Risks, US Crude Down As Stockpiles Build
Wednesday, August 13, 2014 Brent crude oil rises by nearly $1 per barrel in choppy trading, recovering from a 13-month low as turmoil in Iraq and Libya keep concerns about potential supply disruptions in focus.

BSEE: Better Standards Needed to Address Bolt, Connector Performance
Tuesday, August 12, 2014 Existing industry standards to not adequately address bolting/connector performance in subsea marine applications, according to the findings of a recent BSEE report.

Texas Energy Company Says Worker Slaying Isolated
Tuesday, August 12, 2014 Apache says it believes the killing of one of its supervisors in the western Egyptian desert in a carjacking was an isolated incident.

Alaska's New Oil Tax Faces Repeal Vote During State Primary
Tuesday, August 12, 2014 Alaskans will vote on Aug. 19 to repeal or uphold a new law that cut taxes on oil production.

Brent Falls To 13-Month Low On Demand Concerns, Ample Supply
Tuesday, August 12, 2014 Brent crude oil falls to a 13-month low as increased OPEC production helps dampen concerns over potential supply disruptions in Iraq and Libya.

Oil Production In Permian Causes Pipeline Bottleneck In Texas
Tuesday, August 12, 2014 Oil production from the burgeoning Permian Basin of West Texas is outpacing pipelines' ability to transport oil to the Gulf Coast, causing coastal refiners to pay an additional premium to acquire oil.

Musings: Era of Austerity - The EIA Recognizes Importance of Profits
Tuesday, August 12, 2014 The EIA has recognized that the shale revolution has led to a deterioration in the balance sheets of oil and gas companies. What further industry changes will be driven by the Era of Austerity?

EIA Sees US 2014 Natgas Output Up 5.3% From 2013's Record
Tuesday, August 12, 2014 The EIA raises its estimate for US natural gas production in 2014 to 5.3% over 2013's record high levels.

Oil Billionaire Hamm Sold Superior Energy Stake Citing Weak Returns
Monday, August 11, 2014 Harold Hamm recently sold his remaining stake in Superior Energy Services saying the stock wasn't providing the financial returns he'd hoped for, he told a court during his divorce trial.

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