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Crescent Point Energy cuts capital budget in response to lower prices

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Crescent Point Energy operates in North Dakota, US Midwest and Canada CALGARY _ Crescent Point Energy Corp. (TSX:CPG) is planning on spending significantly less on capital projects than last year, with a 2016 budget of between $950 million and $1.3 billion. In a press release, Scott Saxberg, president and CEO of Crescent Point said “We are reducing our capital […]

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South Dakota regulators again approve portion of Keystone XL pipeline

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Keystone XL pipeline authorized in South Dakota in 2010 PIERRE, S.D. _ Regulators in South Dakota have again approved the portion of the embattled Keystone XL oil pipeline that would go through the state. The Public Utilities Commission’s decision Tuesday still requires TransCanada Corp. to get a presidential permit for the project. President Barack Obama

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New draft of Paris climate accord is shorter, but doesn’t solve major disputes

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Money, goals still unclear in Paris climate accord LE BOURGET, France _ Negotiators released a new, shorter draft of an international accord to fight global warming Wednesday, and it leaves key issues unresolved just two days before high-stakes talks in Paris are scheduled to end. U.S. Secretary of State John Kerry challenged diplomats to reach agreement

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Islamic State monthly revenue totals $80 million – IHS

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43% of Islamic State revenue from oil, but Turkish anti-smuggling efforts cutting into illegal sales LONDON, UK – Most of the Islamic State’s funding comes from taxation on economic activity and basic services in areas under its control, according to new analysis released by IHS Inc. Analysis of open source intelligence, including social media, conducted

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Proposed EPA “source rule” lacks understanding of oil/gas sector – think tank

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“Proximity is the most relevant and beneficial factor in determining adjacency in regards to upstream and midstream oil and gas facilities and equipment and EPA should withdraw the Source Rule altogether.” AUSTIN, TX – The Texas Public Policy Foundation says a new EPA regulation has a minor flaw with major implications for oil and gas producers,

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