Texas oil keeps setting records, but reality could be setting in – Dallas Business Journal (blog)


Dallas Business Journal (blog)
Texas oil keeps setting records, but reality could be setting in
Dallas Business Journal (blog)
Texas continues to drill at a record pace in 2014, producing 3.18 million barrels of crude oil per day in August, according to the most recent data from the Energy Information Administration. Compare that to a year ago when Texas produced 2.6 million
WTI oil futures add to losses after bearish supply reportNasdaq
Crude Production Stays Above 9 Million Barrels a DayBusinessweek
US oil production stops for no oneResource Investor
The Independent
all 35 news articles »

OPEC unlikely to stem decline in oil prices – The Seattle Times


RT
OPEC unlikely to stem decline in oil prices
The Seattle Times
OPEC is at a crossroads. The group, which produces 30 million barrels of oil per day, one-third of global liquid fuel demand, is facing the most pronounced decline in oil prices since the financial crisis hit in 2008. And the world now is drastically
Oil industry battle: ‘New fracking technologies VS traditional extraction methods’RT
Why Russia Said ‘No Deal’ to OPEC on Cutting Oil ProductionBusinessweek
OPEC Mixed on Oil Production Cuts as Shale Threat RisesMarketPulse (blog)
The Moscow Times –Deutsche Welle
all 2,426 news articles »

Technology key to success in advanced oil recovery: Shaikh Ahmed – Trade Arabia


Trade Arabia
Technology key to success in advanced oil recovery: Shaikh Ahmed
Trade Arabia
Technology is the key to success for exploiting unconventional hydrocarbon resources and enhancing recovery methods from mature wells, which requires the employment of advanced oil recovery technology, said Shaikh Ahmed Bin Mohammed Al Khalifa, …
Finance Minister opens 2nd Middle East Artificial Lift Conference, ExhibitionBahrain News Agency

all 4 news articles »

Offshore oil drilling inspires maritime conflicts across the globe – UPI.com


UPI.com
Offshore oil drilling inspires maritime conflicts across the globe
UPI.com
New research suggests that as offshore oil drilling technologies have expanded the area of ocean ripe for oil exploration, maritime conflicts have become more frequent. The study, carried out by researchers at the University of Louisiana at Lafayette
Study Links Offshore Oil to Increased ConflictThe Maritime Executive

all 4 news articles »

2 injured in New Mexico oilfield explosion – KRQE News 13


KRQE News 13
2 injured in New Mexico oilfield explosion
KRQE News 13
CARLSBAD, N.M. (AP) – An explosion at an oilfield tank battery in southeastern New Mexico has injured two workers. The Carlsbad Current Argus reports the two workers were transported to an area hospital. The extent of their injuries was not immediately …
2 injured after oil field explosion near CarlsbadAlbuquerque Journal
2 injuries reported in explosion at oil field outside CarlsbadKOB.com
Two reported injured in oilfield explosionCarlsbad Current-Argus
Daily Journal
all 11 news articles »

Oil price fall starts to weigh on banks – Financial Times


Reuters
Oil price fall starts to weigh on banks
Financial Times
Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, in a sign of how the dramatic slide in the price of oil is beginning to reverberate through the wider economy. Details of
OPEC heading for no output cut despite oil price plungeReuters
Oil price falls ahead of Opec meetingBBC News
World on brink of oil price war as Opec set to keep pumpingTelegraph.co.uk
CNNMoney
all 2,426 news articles »

Russia Expects Oil Price To Rise, But Not Enough To Balance Moscow's Budget – OilPrice.com


The Moscow Times
Russia Expects Oil Price To Rise, But Not Enough To Balance Moscow’s Budget
OilPrice.com
Two-thirds of Moscow’s annual budget comes from taxes on Russia’s oil and natural gas companies. The budget laid out for 2015 requires an oil price of $100 per barrel. Now Siluanov has come to agree with many energy analysts that that the price will …
Russia sees average oil price at $80-90 in medium, long-termReuters
$80-90 per barrel oil price could remain in mid- and long-term — Russian ITAR-TASS
Russia Expects Average Oil Price of $80 to $90 Per BarrelThe Moscow Times
Nasdaq
all 31 news articles »

At OPEC Meeting, Saudi Arabia Stares Down Texas and North Dakota – Businessweek


Businessweek
At OPEC Meeting, Saudi Arabia Stares Down Texas and North Dakota
Businessweek
Right now the Saudis are a lot less worried about the budget deficits of their fellow oil exporters as they are about what’s happening in North Dakota and Texas. The biggest threat to the power the Saudis have wielded as the de-facto head of OPEC for
Its Grip on Oil Weakening, OPEC Will Meet on PricesNew York Times
West TX Oil Drops to $74 Before OPEC MeetingMarketPulse (blog)
Ahead of OPEC meeting, crude oil sinks to another multi-year lowUSA TODAY
Bloomberg –Nasdaq –Houston Chronicle
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Investment in gas, oil technologies tops $7 billion, report says – Akron Beacon Journal (blog)

Investment in gas, oil technologies tops $7 billion, report says
Akron Beacon Journal (blog)
BOSTON, MA – November 25, 2014 – New technologies to enhance exploration and production of oil and gas have attracted $7 billion in funding since 2003, according to Lux Research, as waves of innovation have opened up new kinds of plays in shale gas …
North America’s E&P Tech Capturing Most Global InvestmentsNatural Gas Intelligence (subscription)

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CNOOC (CEO) Commences Production in Huizhou 25-8 Oilfield – Analyst Blog – Nasdaq

CNOOC (CEO) Commences Production in Huizhou 25-8 Oilfield – Analyst Blog
Nasdaq
also known as CNOOC, announced that the Huizhou 25-8 Oilfield has commenced production. Simultaneously, its adjustment project – Xijiang 24-3 Oilfield Xijiang 24-1 District Joint Development Project – has also started production. Huizhou 25-8 Oilfield
CNOOC commences production from Huizhou 25-8 oilfieldScandOil
CNOOC Flows First Oil from Xijiang 24-1 DJDP in Pearl River Mouth BasinRigzone (registration)
Production starts from Xijiang 24-1 district joint development project, ChinaOffshore Technology

all 7 news articles »

Venezuela Seeks Oil Price Up Back at $100 a Barrel – Wall Street Journal


Wall Street Journal
Venezuela Seeks Oil Price Up Back at $100 a Barrel
Wall Street Journal
VIENNA—Venezuela wants oil prices to return to $100 a barrel, the country’s foreign minister said on Tuesday, ahead of an OPEC meeting. Speaking to reporters, Rafael Ramirez, who will represent Venezuela at the Organization of the Petroleum Exporting …
Ahead of OPEC meeting, crude oil sinks to another multi-year lowUSA TODAY
Veteran Oil Minister Says OPEC Alone Can’t Set OilPrice LevelsOilPrice.com
Russia, Saudi Arabia, Mexico, Venezuela decide not to cut oil productionRT
ABC News –Washington Post (blog) –Telegraph.co.uk
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American Energy snaps up more West Texas oil land for $440M – FuelFix (blog)


FuelFix (blog)
American Energy snaps up more West Texas oil land for $440M
FuelFix (blog)
HOUSTON – Aubrey McClendon’s new oil company is spending $440 million to gain a bigger foothold in oil-rich West Texas land, the latest in several moves to jump into the Permian Basin. American Energy, led by the ex-CEO of Chesapeake Energy Corp., …
Oil companies’ new math makes them look bigger in TexasEagleFordTexas.com

all 2 news articles »

Cheap gas is starting to have an impact on the Texas oil boom – San Antonio Business Journal (blog)


San Antonio Business Journal (blog)
Cheap gas is starting to have an impact on the Texas oil boom
San Antonio Business Journal (blog)
Falling oil prices is forcing some drilling companies to cut back on exploration work in Texas. Baker Hughes Inc. recently reported shutting down four of its rigs targeting crude oil in the Permian Basin region of Texas and New Mexico. Oil rig counts
Texas oil boom starts taking hits from cheap gasEagleFordTexas.com
Speak Your Piece: ND’s Other Oil BoomDaily Yonder
Report Details North Dakota Oil Boom’s ‘Downside’Twin Cities Business Magazine
Financial Post
all 19 news articles »