The end of the US oil boom, told through one Texas company's bust – Washington Post


NDTV
The end of the US oil boom, told through one Texas company’s bust
Washington Post
Swift Energy, a Houston-based oil and gas company, is one of many casualties of a rapidly shrinking U.S. oil Industry. Like many small and medium-size energy companies, Swift took out large loans to get into the fracking game but fell victim to falling
Oil Firms Borrowed Billions. Now They’re Getting Burned.NDTV

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Russia approves ONGC's Rs 8600-crore Vankor oilfield deal – Daily News & Analysis


Daily News & Analysis
Russia approves ONGC’s Rs 8600-crore Vankor oilfield deal
Daily News & Analysis
Russia has approved ONGC’s deal to pick up 15% stake in Russia’s second biggest oil field, Vankor from Rosneft, Interfax news agency has said. A deal that will cost $1.3 billion (nearly Rs 8,648.5 crore) will give India access to Russia’s oil supply
Russian nod to ONGC’s 15% stake in Vankor oilfieldThe Dollar Business
State-Run ONGC’s $1.3 Billion Bid For Oilfield Cleared By RussiaNDTV
Russia approves ONGC’s $1.3 bn deal for stake in second biggest oilfieldindiatvnews.com
News World India
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Oil company plans to drill 481 new wells at Price Canyon oil field – The San Luis Obispo Tribune


The San Luis Obispo Tribune
Oil company plans to drill 481 new wells at Price Canyon oil field
The San Luis Obispo Tribune
The oil field is a sprawling facility on 1,480 acres of rolling oak woodland, chaparral and sandstone outcroppings on both sides of Price Canyon Road at Ormonde Road, halfway between San Luis Obispo and Pismo Beach. The field is also called the Arroyo …

Texas oil and gas regulator dashes Army Corps' drilling rule – Washington Times


Fort Worth Star Telegram
Texas oil and gas regulator dashes Army Corps’ drilling rule
Washington Times
GRAND PRAIRIE, Texas (AP) – Texasoil and gas regulator has challenged the U.S. Army Corps of Engineers’ authority to ban hydraulic fracturing and limit injection wells near a North Texas dam. In a letter sent to the corps on Thursday, Texas Railroad …
Texas challenging federal drilling ban near Joe Pool Lake damFort Worth Star Telegram

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ONGC gets Russia's nod for Rs 8600 crore Vankor oilfield deal – Daily News & Analysis


Daily News & Analysis
ONGC gets Russia’s nod for Rs 8600 crore Vankor oilfield deal
Daily News & Analysis
Russian government has approved ONGC Videsh Ltd’s deal to buy 15% in the country’s second biggest oil field of Vankor from Rosneft for $1.268 billion (nearly Rs 8648.57 crore) . OVL, the overseas arm of the state explorer Oil and Natural Gas Corp (ONGC
State-Run ONGC’s $1.3 Billion Bid For Oilfield Cleared By RussiaNDTV
ONGC’s $1.3 billion Vankor stake purchase gets Russia nod: reportLivemint
Russia clears ONGC’s $1.3 bn Vankor stake deal: InterfaxMoneycontrol.com

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Oil Price May Have Bottomed Out But China's Flat Demand Spells Trouble – Forbes


Forbes
Oil Price May Have Bottomed Out But China’s Flat Demand Spells Trouble
Forbes
As the Brent front-month futures contract stabilizes either side of the $40 per barrel level, and WTI lurks within that range too, a comment by the International Energy Agency that the “oil price may have bottomed out” has triggered a lot of market
Oil Price Optimism May Be Short-LivedDailyFX
China And India Rewrite The Rules Of The Oil And Gas GameOilPrice.com
Oil Prices Extend LossesWall Street Journal (subscription)
International Business Times –GhanaWeb –In-Cyprus (press release) (subscription) (blog)
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Texas Is Still Booming, Despite the Oil Bust – Bloomberg


Bloomberg
Texas Is Still Booming, Despite the Oil Bust
Bloomberg
U.S. oil prices tumbled from more than $100 a barrel in the summer of 2014 to less than $50 a year later, but that didn’t stop workers from flocking to Texas, the nation’s biggest energy-producing state. Eight of the top 20 counties that gained the
Texans haven’t felt all the effects from the oil bust yet, economists warnDallas Morning News (blog)

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Large Oil Field Discovered in Western Kuwait – Sputnik International


Sputnik International
Large Oil Field Discovered in Western Kuwait
Sputnik International
A new large oil and gas field, which has the potential to replenish Kuwait’s strategic reserves of hydrocarbons, has been discovered in the western part of the country, Chief Executive Officer of Kuwait Oil Company Jamal Abdulaziz Jaafar said Thursday.
Kuwait says it has discovered new oil fieldArabianBusiness.com
Kuwait company says new oil field foundTheChronicleHerald.ca

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China And India Rewrite The Rules Of The Oil And Gas Game – OilPrice.com


OilPrice.com
China And India Rewrite The Rules Of The Oil And Gas Game
OilPrice.com
As the current oil price crisis leads to some game-changing upheavals in the global energy market, Asia’s two powerhouses, China and India, are taking advantage of the supply glut to rewrite the long-established rules of business. India and China have
Prisoner’s Dilemma – Why Oil Prices Will Rise To $60 And AboveSeeking Alpha
Kachikwu: We can stabilise oil price without IranTheCable
Rising number of US oil wells likely to cap oil price increaseEJ Insight

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Oil Prices Extend Losses – Wall Street Journal (subscription)


Wall Street Journal (subscription)
Oil Prices Extend Losses
Wall Street Journal (subscription)
Oil prices extended losses Thursday after U.S. supply data a day earlier showed swelling stockpiles and stubbornly high production, further retreating from the $40-a-barrel range and dashing the view of bullish investors banking on the start of a
Kemp: Oil Price War Threatens US Sense Of Energy SecurityRigzone
Oil Prices Fall Fast On Huge Inventory BuildOilPrice.com
Oil steadies as US rig count drop offsets stockpile worryReuters
Breitbart News –Irish Examiner
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GLOBAL MARKETS-Dollar strength hurts stocks, oil price – Reuters

GLOBAL MARKETS-Dollar strength hurts stocks, oil price
Reuters
(ADVISORY-There will be no Global Markets report from New York on Friday, March 25 due to the Good Friday holida)). * Another Fed official joins chorus on tightening risk. * Dollar heads for 5th day of gains, best run since April. * Drop in oil and
Dollar strength hurts stocks, oil priceDaily Mail
Sell Stocks Here: Brussels Triggers Europe Concern, Dollar Strength And Oil Price DeclineSeeking Alpha

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Gulf Coast Residents Crash Oil Lease Auction, Chanting 'Shut It Down' – ThinkProgress


ThinkProgress
Gulf Coast Residents Crash Oil Lease Auction, Chanting ‘Shut It Down’
ThinkProgress
Residents across the Atlantic coast got a win last week when the Obama administration chose not to include the Atlantic in its five-year plan for oil and gas development. But in the Gulf of Mexico, where oil companies have been drilling offshore for
Watch protestors crash the Gulf of Mexico oil lease saleNOLA.com
Anti-drilling protesters shout, disrupt oil, gas lease saleBakken.com
Demonstrators Drown Out Lease Auction at New Orleans SuperdomeCenter for Biological Diversity (press release)
VICE News –AlterNet
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Russia's only producing oil field on Arctic shelf produces 10-millionth barrel – WorldOil (subscription)

Russia’s only producing oil field on Arctic shelf produces 10-millionth barrel
WorldOil (subscription)
ST. PETERSBURG — March saw the 10-millionth barrel of oil produced at Prirazlomnoye oil field—located on the Russian Arctic Shelf in the Pechora Sea and currently under development by Gazpromneft Shelf. Shipment of this landmark barrel was …
10-millionth Barrel of Oil Produced at Prirazlomnoye FieldOil and Gas Industry Latest News

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Oil price stuck as IEA brands supply deal 'meaningless' – The Week UK


The Week UK
Oil price stuck as IEA brands supply deal ‘meaningless’
The Week UK
As much as $2.3trn (£1.6trn) has been wiped from the value of listed oil and gas companies due to the slump in the oil price, which has fallen around 65 per cent from its summer 2014 peak. The total stock losses have been calculated by the Financial
Crude Oil Price Slides Following Massive Storage Increase24/7 Wall St.
The Current Oil Price Rally Is Reaching Its LimitsSeeking Alpha
Oil ends below $40 with US crude supply up a 6th weekMarketWatch
Wall Street Journal (subscription)
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Amid the oil price crash, Rosneft is running to stand still – Financial Times


Financial Times
Amid the oil price crash, Rosneft is running to stand still
Financial Times
This counterintuitive move highlights a paradox driving the Russian oil industry — thanks to the weakness of the rouble and the nature of the country’s tax system, energy companies are coping with the collapse in crude prices better than their peers
Russian Gov’t Protected Public From Oil Price Fall by Devaluing RubleSputnik International

all 6 news articles »

Oil Prices Fall Fast On Huge Inventory Build – OilPrice.com


OilPrice.com
Oil Prices Fall Fast On Huge Inventory Build
OilPrice.com
Hence, as the price of key commodities for the South American country – such as soybeans, iron ore and crude – have headed south, so has its economy. As the chart below illustrates, the fate of the state-run oil company Petrobras tracks closely with
WTI Crude Oil Price Forecast: Could It Be That Easy?DailyFX
Prisoner’s Dilemma – Why Oil Prices Will Rise To $60 And AboveSeeking Alpha
Oil price declines as US crude stockpile gain adds to glutWorldOil (subscription)
EJ Insight –Investing News Network (press release) (registration) (blog)
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