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Energy Bills Still in Play in North Dakota

North Dakota lawmakers continue holding hearings and debating the merits of energy bills to create incentives for less associated gas flaring at the wellhead and to provide tax relief for oil and gas producers, a spokesperson for the state Department of Mineral Resources (DMR) told NGI Monday.

March 26, 2013

North American Drilling Outlook ‘Unclear’

North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.

March 25, 2013
Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.

March 25, 2013

Internal Report Finds Fault in EPA Emissions Studies

The U.S. Environmental Protection Agency (EPA) needs to improve air emissions data for the oil and natural gas production sector, according to a report issued by the agency’s Inspector General.

February 25, 2013

Gulfport Acquires More Acreage, Working Interest in Utica

For the third time in less than three months, Gulfport Energy Corp. and Windsor Ohio LLC, an affiliate of Wexford Capital LP, have agreed to make a transaction in the Utica Shale, this time for net acreage and a higher working interest (WI).

February 12, 2013

CERI: Competition for Asian LNG Markets Tightening

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

February 11, 2013

CERI: Competition for Asian LNG Markets Tightening

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

February 7, 2013

Oxy Focus: Cost-Cutting, Margin Growth, Oil in 2013

With U.S. natural gas prices still the “great uncertainty,” Los Angeles-based Occidental Petroleum Corp. (Oxy) is undertaking a cost-cutting program designed to increase margin while it continues to emphasize oil production growth over gas in its domestic U.S. plays, CEO Steve Chazen said Thursday.

February 4, 2013

Canadian Drillers Take Another Look at Remote Canol Shale

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

February 1, 2013

New York Lawmakers Want Halt to Frack Comment Period

Just days before a 30-day public comment period in New York on proposed rules governing high-volume hydraulic fracturing (HVHF) expires, three influential state lawmakers are calling for the comment period to be suspended, citing a lost state report on the practice that surfaced earlier this month.

January 10, 2013