New Texas oil regulator steps down from oil firm – FuelFix (blog)


FuelFix (blog)
New Texas oil regulator steps down from oil firm
FuelFix (blog)
An engineer by training at Texas A&M University, Sitton founded Pinnacle in Pearland in 2006. The company, which later moved to Pasadena, provides consulting services to oil producers and refineries, including advice on dealing with regulators and …
Sitton Leaving Consulting Firm to Avoid ConflictsTexas Tribune
New regulator says he’ll step down from his own oil companyHouston Chronicle
New oil industry regulator to resign from his companySan Antonio Express-News
Bakken.com
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Oilfield 'man camp' operator Civeo cuts jobs amid oil slump – Grand Forks Herald


FuelFix (blog)
Oilfield ‘man camp’ operator Civeo cuts jobs amid oil slump
Grand Forks Herald
Some oilfield workers also prefer to live in apartments, which many growing towns have urged developers to build. Williams County, North Dakota, has a moratorium on new temporary housing known as “man camps” which are made up of units that look like a …
Oilfield lodging company slashes jobs, curbs spendingFuelFix (blog)
Oil field lodging company pares jobsHouston Chronicle
Oilfield ‘man camp’ operator Civeo cuts Canadian, US jobs amid oil slumpThe Globe and Mail

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Exclusive: Oil price crash claims first US LNG project casualty – Reuters


THE BUSINESS TIMES
Exclusive: Oil price crash claims first US LNG project casualty
Reuters
A halving in the oil price since June has upended assumptions by developers that cheap U.S. LNG would muscle into high-value Asian energy markets, which relied on oil prices staying high to make the U.S. supply affordable. The floating 8 million tonne
Natural gas export plant falls victim to tumbling oil pricesThe Hill

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Texans Discover Oil Grows on Olive Trees as Crude Drops – Bloomberg


Bloomberg
Texans Discover Oil Grows on Olive Trees as Crude Drops
Bloomberg
“I love the trees, and I love watching them grow,” Steve Coffman Jr. said of his 40 acres (16 hectares) of budding olive trees, which he planted two years ago on his red dirt ranch just outside Cotulla, Texas, the epicenter of the state’s Eagle Ford
Falling Crude Oil Prices Inspire Texans to Diversify, Invest in Olive OilSputnik International

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Oil-field lodging company slashes jobs, curbs spending – FuelFix (blog)


FuelFix (blog)
Oilfield lodging company slashes jobs, curbs spending
FuelFix (blog)
HOUSTON – Oilfield lodgings company Civeo Corp. said it has slashed its workforce in the United States by 45 percent and in Canada by 30 percent as it prepares for weaker occupancy rates at its oilfield camps next year. The Houston-based company had …
UPDATE 1-Oilfield ‘man camp’ operator Civeo cuts jobs amid oil slumpReuters
Civeo revenue forecast lags estimate, shares slideReuters UK
Oilsands camp provider cuts third of staff in Canada, signalling slowdown in Financial Post

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China's largest inland oil field depleting – UPI.com


UPI.com
China’s largest inland oil field depleting
UPI.com
29 (UPI) — The decline in crude oil prices means output from China’s inland Daqing oil field will start to drop off beginning next year, an official at PetroChina said. Maturation of the Daqing field, the largest inland field of its kind in China, is
China to Ease Tax Pressure on Oil Producers After Prices PlummetBusinessweek
China to ease tax on oil producers after prices slumpTimes of Oman

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No injuries reported in fire that destroyed North Slope oil field camp – Alaska Dispatch


EagleFordTexas.com
No injuries reported in fire that destroyed North Slope oil field camp
Alaska Dispatch
No one was hurt in a Saturday night fire that destroyed a North Slope camp for oil field workers operated by Eni Petroleum, an Italian firm. The fire at the Nikaitchuq Operations Camp started around midnight Saturday, Eni Petroleum Safety and
No injuries reported in North Slope oil field camp fireKTVA CBS 11 News Alaska

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Oil prices fall more than $1, dropping to five-year lows – Reuters


Reuters
Oil prices fall more than $1, dropping to five-year lows
Reuters
News of further damage Libya’s oil infrastructure prompted the early rally that was quickly erased as pervasive fears of global oversupply trumped concerns about output curtailment from the OPEC producer. Phil Flynn of Price Futures Group said the
Could Libyan Militants Spark An Oil Price Rebound?OilPrice.com
Oil Falls to 5-Year Low as Supply Glut Seen LingeringBloomberg
Oil Prices Close at Five-Year Lows on Glut ExpectationsWall Street Journal
MarketWatch –Financial Times –Bidness ETC
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A kingdom fit for an oil price ordeal – Financial Times


Wall Street Journal (blog)
A kingdom fit for an oil price ordeal
Financial Times
In keeping with the more assertive attitude it has shown in the past year, it is taking a big risk on lower oil prices, in the hope of preserving its market share in a world of weakened oil demand and growing supply, particularly from the US shale boom.
Oil News: Plunging Oil Prices Blow $38.6 Billion Hole in Saudi Arabia’s BudgetMotley Fool
Did the US and the Saudis Conspire to Push Down Oil Prices?Center for Research on Globalization
Saudi Facing Largest Deficit In Its HistoryOilPrice.com
Wall Street Journal (blog) –Resource Investor –EagleFordTexas.com
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Russia's former OPEC mediator says country could help prop up oil price – Reuters


Kyiv Post
Russia’s former OPEC mediator says country could help prop up oil price
Reuters
Oil companies may wish to divert oil for refining. * Yusufov’s company looking for European refinery purchase. By Katya Golubkova and Vladimir Soldatkin. MOSCOW, Dec 29 (Reuters) – Russia may help OPEC to prop up global oil prices by slightly cutting …
Russia’s former OPEC mediator Igor Yusufov says country could help prop up oil Economic Times
Reuters: Russia’s former OPEC mediator says country could help prop up oil priceKyiv Post

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British expat exodus feared to hit Dubai amid oil price rout – Telegraph.co.uk


Telegraph.co.uk
British expat exodus feared to hit Dubai amid oil price rout
Telegraph.co.uk
Enclaves such as Dubai, which has built its economy on servicing the flood of expatriates working in the region has started to feel the impact of Saudi Arabia’s decision to provoke an oil price war. The Dubai Financial Market – seen as a barometer for
The short-term oil price play of Saudi ArabiaFinancial Times
Saudi 2015 budget based on oil price around $60The Star Online
Saudi Arabia Projects Its Biggest Deficit Ever After Oil Cra…Business Insider
International Business Times
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Oil price war with Latin America threatens Canada's oil patch – Financial Post


Financial Post
Oil price war with Latin America threatens Canada’s oil patch
Financial Post
New pipelines and rail terminals enabled more Canadian oil to head south to higher-value markets, partially offsetting a 48 per cent collapse in global prices since June as the Organization of Petroleum Exporting Countries refused to cut production to
Price war brews between Canada, Latin America over oil for US GulfThe Globe and Mail

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Collapse in oil price would have left independent Scotland £15.5bn short, Lib … – Daily Mail


Daily Mail
Collapse in oil price would have left independent Scotland £15.5bn short, Lib
Daily Mail
Dramatic falls in the global oil price in recent weeks would have created a £15.5billion financial blackhole for an independent Scotland, it was claimed today. Scottish Secretary Alistair Carmichael said the Scottish Government’s oil revenue forecast
SNP’s independence oil forecasts ‘wrong by £155 million a day’Telegraph.co.uk
Scottish government’s oil revenue forecast ‘out by £15.5bn’The Guardian
Independent Scotland would have faced the bruntgulfnews.com
Shetland Times Online
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Global Stocks Up as Oil Price Rebounds – U.S. News & World Report


U.S. News & World Report
Global Stocks Up as Oil Price Rebounds
U.S. News & World Report
BEIJING (AP) — Global stocks were mostly higher Monday after a report that China will change banking rules in an apparent effort to boost lending and economic growth, while oil prices rebounded. KEEPING SCORE: France’s CAC-40 gained 0.2 percent to …
Asian stocks up as oil price reboundsYahoo News

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China's largest oilfield to reduce output – Xinhua


Global Times
China’s largest oilfield to reduce output
Xinhua
HARBIN, Dec. 28 (Xinhua) — Daqing Oilfield, the largest oilfield explored by China’s major oil and gas producer PetroChina, is expected to reduce its production starting in 2015. According to the economic working conference of northeast China’s
China’s Largest Oilfield to Cut Output Next YearCRIENGLISH.com
Daqing Oilfield to cut production in 2015Global Times
China’s Largest Inland Oilfield to Decrease ProductionSputnik International

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Breaking News: Indonesia halts search for missing AirAsia plane for the night … – Reuters


Reuters
Breaking News: Indonesia halts search for missing AirAsia plane for the night
Reuters
A subsidiary of China National Petroleum Corporation (CNPC), PetroChina Daqing Oilfield, paid $85 million to pump from three blocks in the ageing Limau field under a 2013 contract with Indonesia’s state-owned oil company, Pertamina, according to senior …

and more »

Saudi 2015 budget based on oil price around $60 – analysts – Reuters


Telegraph.co.uk
Saudi 2015 budget based on oil price around $60 – analysts
Reuters
Government doesn’t publish oil price assumption in budget. * But finance minister indicates it’s close to current levels. * Budget cuts oil price assumption for first time since 2009. * Disagreement over when oil will rebound – minister. By Andrew
British expat exodus feared to hit Dubai amid oil price routTelegraph.co.uk
Oil price collapse. The big story of 2014, so where to from here?BizNews

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If Prices Keep Falling, OPEC Must Act To Restore 'Fair' Rate Of $70-$80 – OilPrice.com


Business Green
If Prices Keep Falling, OPEC Must Act To Restore ‘Fair’ Rate Of $70-$80
OilPrice.com
The consensus among many Arab OPEC producers is that, one way or another, the worldwide price of oil will stabilize then rise again during 2015, settling between $70 and $80 per barrel by the end of the year, probably without intervention from the
How downturn in oil price could benefit Scotland’s offshore sectorHerald Scotland
2014, the year… the oil price plummetedBusiness Green
Plunging oil prices has winners and some losersThe Columbian
AsiaOne –Seeking Alpha –gulfnews.com
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