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Companies face the bill for shale rush borrowing

But investors, anxious over debt-laden balance sheets, have started to turn on the producers this year, at times balking at large compensation packages, throwing out managers and installing penny-pinching replacements.  More »

Baker Hughes’ Africa leader finds solutions in shared knowledge

As managing director in Central Africa for oil field services provider Baker Hughes, Indira Moudi is responsible for Congo, Gabon, Cameroon, and the Democratic Republic of Congo.  More »

Foreigners’ cash seen fueling higher Mexican oil production

Proximity alone has Texas’ energy industry leaders eying opportunities to invest in what remain largely untapped mineral resources.  More »

Rig snapshot: Permian Basin still trumps Eagle Ford

The Permian Basin in West Texas has 380 rigs, the Eagle Ford Shale in South Texas has 226 rigs, the Granite Wash in the Panhandle has 40 rigs, the Barnett Shale in North Texas has 34 rigs and the Haynesville Shale in East Texas has 23 rigs, according to Baker Hughes.  More »

Guest Commentary: New wells, old lease

Deep-formation drillers buying up rights in the Eagle Ford shale area, the Permian Basin and elsewhere need to legally protect themselves from contract-ending lease inactivity if they have to wait for the equipment and personnel to be gathered to do their work.  More »

U.S. oil and gas rigs rise to five-week high, Baker Hughes says

The U.S. total count has declined by nine this year even as production climbed as producers used new drilling technologies to shorten the time it takes to bore wells and boost productivity in shale formations.  More »

Baker Institute Turns 20 Amid Great Success: Saluting The Honorable James A. Baker, III

The Baker Institute is celebrating its 20th anniversary tonight and there is much to be proud of. The Baker Institute study “Re-engaging the Israelis and the Palestinians: Why An American Role in Initiating Israeli and Palestinian Negotiations is Necessary and How It Can Be Accomplished” has made a major contribution to the peace process, with […]  More »

Talisman sells assets to Petronas for $1.4 billion

Talisman Energy, the Canadian oil and natural gas producer being targeted by investor Carl Icahn, agreed to sell part of its Montney acreage to Malaysia’s Petroliam Nasional for C$1.5 billion ($1.4 billion).  More »

Repsol plans to invest $4 billion in Venezuela through 2022

Repsol SA, Spain’s largest oil producer, plans to invest $4 billion in Venezuela through 2022 on existing projects and discoveries to more than double oil output.  More »

Japan nuke-plant water tanks flawed, workers say

Officials and experts and two other workers interviewed by the AP say the quality of the tanks and their foundations suffered because of haste — haste that was unavoidable because there is so much contaminated water leaking from the wrecked reactors and mixed with ground water inflow.  More »

Crude traders sticking with Brent amid manipulation claims

Four energy traders claim in a lawsuit that some of the world’s biggest oil companies conspired with Morgan Stanley and energy traders such as Vitol Group to fix spot prices for Brent for more than a decade.  More »

Berber militia takes western Libya oil facility

The complex is a joint venture between Libya’s National Oil Corp. and Italian oil firm Eni SpA.  More »
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