Tag / Oil



Overall North Dakota Oilfield Activity Levels Off

Overall North Dakota Oilfield Activity Levels Off

Despite record daily production levels, overall oil and natural gas production in North Dakota leveled off in June compared with May, the state Department of Mineral Resources said Thursday.

August 16, 2013

Gazprom Evaluating Shale Oil in Western Siberia

Gazprom Neft has approved the continued study of shale oil reserves at the Bazheno-Abalaksky complex of the Palyanovskaya zone at the Krasnoleninskoye field in western Siberia, which is being developed by Gazpromneft-Khantos.

August 13, 2013

NatGas Growth by Petchems, Transport Pressuring U.S. Oil Demand

U.S. growth in natural gas for transportation and the switch to natural gas from oil-based fuels by petrochemical companies are two big reasons that domestic oil demand isn’t growing, according to an analyst with Raymond James & Associates Inc.

August 13, 2013

EIA Says China Becoming World’s Largest Net Oil Importer

The U.S. Energy Information Administration (EIA) said China is projected to pass the United States and become the world’s largest net importer of oil — on a monthly basis by October, and on an annual basis by 2014.

August 12, 2013
Oil and Gas Industry Employment Grew 40% Over Six Years

Oil and Gas Industry Employment Grew 40% Over Six Years

In the six years spanning 2007 through 2012, total U.S. private sector employment increased by more than one million jobs, or about 1%. However, over the same period, the oil and gas industry — segmented into drilling, extraction and support segments — increased by more than 162,000 jobs, which equates to a 40% increase,” according to a new study from the U.S. Labor Department’s Bureau of Labor Statistics (BLS).

August 12, 2013

Foreign Interest in U.S. Oil, NatGas Assets Vanished in 2Q

U.S. oil and natural gas mergers and acquisition activity (M&A) plunged in the second quarter from the first three months of 2012, with divestitures driving activity, according to PwC US.

August 7, 2013

TransCanada Tries to Calm Fears Over Mainline Oil Conversion

TransCanada Corp. moved Thursday to calm a hornets’ nest of protest among its natural gas customers in Ontario, Quebec and the northeastern United States by making a formal promise to maintain service continuity.

August 5, 2013
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