Marathon Oil ramping up Oklahoma, Bakken activity Feb 15 (Reuters) – Marathon Oil Corp, a U.S. shale exploration company, on Wednesday doubled its projected capital spending for the full year, as crude prices stabilize following a two-year rout. The company, which reported a smaller-than-expected wider fourth-quarter loss on Wednesday, expects to spend more as it […]
Marathon Oil beats estimates, doubles 2017 capital budget Read More »
Enbridge, Spectra merger valued at $28 billion WASHINGTON, Feb 16 (Reuters) – Canada’s Enbridge Inc and Spectra Energy Corp have won U.S. antitrust approval for a $28 billion merger that will create the largest North American energy infrastructure company. The Federal Trade Commission said on Thursday that it would approve the deal. The merger was
FTC approves Enbridge deal to buy Spectra with conditions Read More »
Dakota Access protesters ordered to leave by Feb. 22 Feb 15 (Reuters) – The governor of North Dakota ordered protesters on Wednesday to evacuate a demonstration camp near the site of the Dakota Access Pipeline in the latest move to clear the area that has served as a base for opposition to the multi-billion dollar project.
Governor orders evacuation of Dakota Access Pipeline protest camp Read More »
Scott Pruitt nominated to run EPA By Timothy Gardner WASHINGTON, Feb 16 (Reuters) – Nearly 800 former Environmental Protection Agency officials urged the U.S. Senate to reject President Donald Trump’s nominee to run the agency as the chamber moved closer on Thursday to approving his pick, Scott Pruitt, the attorney general of oil-producing Oklahoma. The 773
Nearly 800 former EPA officials oppose Trump pick for agency Read More »
Federal Reserve appears poised to embark on first tightening of monetary policy since 2004-2006 By John Kemp LONDON (Reuters) – Freight movements across the United States are showing signs of sustained growth, which should help push domestic diesel consumption higher this year. Freight was hit hard in 2015/16 by the switch from coal to gas-fired
US diesel demand poised for boost from freight recovery: Kemp Read More »
Russian oil output down by 100,000 b/d in January MOSCOW, Feb 16 (Reuters) – Russia’s daily oil output averaged 1.516 million tonnes between Feb. 1 and Feb. 15, two sources familiar with the data told Reuters on Thursday. According to Reuters calculations, that amounts to 11.1 million barrels per day. Russian oil production contracted by 100,000
Russian oil output at 11.1 million b/d between Feb 1-15 Read More »
Permian and Eagle Ford rank first and third respectively as most productive US shale plays for crude oil By Matt Mandel, EnergyInDepth The latest US Energy Information Administration (EIA) drilling productivity report projects US shale oil production will increase by roughly 80,000 barrels per day (bpd) in March, with 70,000 bpd produced in Texas’ Permian
Permian Basin to drive up shale oil production by 80,000 b/d in March Read More »
“Fact that 70% of oil and gas companies were hacked in past year must serve as a call to action.” A survey of US oil and gas cybersecurity risk managers indicates that the deployment of cybersecurity measures in the industry isn’t keeping pace with the growth of digitalization in oil and gas operations. In a
Study reveals cybersecurity gaps in America’s oil and gas industry Read More »
Encana to spend between $1.6 billion to $1.8 billion Feb 16 (Reuters) – Canadian oil and natural gas producer Encana Corp reported a quarterly operating profit that topped analysts’ estimates and boosted its 2017 capital expenditure target by 50 per cent from a year earlier. Crude prices are recovering from a two-year slump, prompting oil
Encana boosts capital spending by 50 per cent amid oil recovery Read More »
Trump revived Keystone XL pipeline Feb 16 (Reuters) – TransCanada Corp, Canada’s No. 2 pipeline operator, filed an application with Nebraska authorities to route its Keystone XL pipeline through the state, after U.S. President Donald Trump cleared the way for the project last month. In November 2015, the pipeline company withdrew the route application it had
TransCanada files Keystone XL route application in Nebraska Read More »
