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Oil drops near $92, at lowest level since May

The Energy Department reported the nation’s supply of crude oil is “well above the upper limit of the average range for this time of year.”  More »

The EU’s Lost Decade

In the aftermath of the adoption of the Kyoto Protocol in 1997, the EU, led by Germany, remained in the forefront of climate policy by pledging to reduce CO2 emissions by 20% by 2020.  To achieve this objective and show the rest of the world how to be successful and green, EU nations adopted renewable […]  More »

House panel advances plan to pare border-crossing pipeline reviews

A House subcommittee on Wednesday advanced legislation that aims to speed up the government’s review of pipelines and power lines that cross U.S. borders into Mexico and Canada, over the objections of environmentalists and the Obama administration.  More »

Feds push back timeline for offshore drilling rules

A federal official conceded that new rules for Arctic drilling and offshore emergency equipment will not be ready until 2014 and blamed the 16-day government shutdown for some of the delay.  More »

I want to volunteer with the Society of Petroleum Engineers, but how?

Going above and beyond your usual duties to volunteer your time to the broader oil & gas industry is a sure way to be noticed professionally. What if doing so could actually be just as fun and personally rewarding as it is beneficial to your career? It certainly has been for me, so this week I offer my thoughts to a reader asking how to become more involved involved with the Society of Petroleum Engineers (SPE).  More »

API elects Occidental’s Chazen as chairman

Occidental Petroleum Corp. President and CEO Stephen Chazen has been elected chairman of the American Petroleum Institute’s board of directors as of January 1 for a one-year term.  More »

Luminant suspends nuclear plant expansion bid

The owner of a North Texas nuclear power plant has tabled its request for federal permission to expand.  More »

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 »
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