According to data from Baker Hughes Inc., between the weeks ended Oct. 31, 2014, and Jan. 23, 2015, the number of active onshore drilling rigs in the Lower 48 dropped 16%, reflecting the sharp decline in oil prices over the last quarter of 2014.
production,” Walker said. “This action by the federal government is a major setback toward reaching that goal.” He said it ..... his liberal base.” He called DOI’s plan “federal government overreach at its finest” and said the new Congress would
OGJ Online, Aug. 13, 2010 ). The $1.82 billion expansion and upgrade project, which received federal and provincial government investment approvals in December 2014, will boost crude oil processing capacity at the refinery to 8.5 million tonnes
Oil prices rose for a while on the New York market Jan. 23 on news of the death of Saudi Arabia King Abdullah but dropped before the settlement, closing at the front-month’s lowest level since March 2009.
A fire has been extinguished from a producing, unmanned platform in the Gulf of Mexico following damage that was possibly caused by a vessel, the US Bureau of Safety and Environmental Enforcement (BSEE) reported on Jan. 23.
Total US petroleum deliveries, a measure of demand, increased 5.1% last month from December 2013 to average nearly 20 million b/d, according to the American Petroleum Institute’s monthly statistics for December 2014. For the fourth quarter, total US petroleum deliveries gained 2.9% compared with ...
Varo Energy BV , a midstream company owned by The Carlyle Group and Vitol Group ..... everyone, I believe we have the right people and assets to enable us to achieve our ..... OGJ Online, Dec. 19, 2013 ). The company also owns a 45% share in the 215
Most oil exporting countries will run fiscal deficits this year if the crude price averages $57/bbl as currently indicated by markets, according to the International Monetary Fund.
additional competitive advantages, enhance its presence in the dynamic LNG market, and open up new supply regions for the company ,” said Alexey Miller, chairman of Gazprom’s management committee. Lithuania, Latvia, and Estonia have recently
Madagascar Oil Ltd. has appointed Robert Estill as chief executive officer.