Category: Crude oil

Oil boom raises rents in ND, pushes seniors out

After living all of her 82 years in the same community, Lois Sinness left her hometown this month, crying and towing a U-Haul packed with her every possession.  More »

Canada steps up US pipeline lobbying efforts

Canada has stepped up its lobbying after the Obama administration delayed a decision on an oil pipeline critical to the country’s economic future.  More »

Boom fuels oil field talent search

While the job picture remains stagnant nationwide, the boom in domestic shale drilling has pushed hiring to a feverish pace in North American oil fields.  More »

Many Eagle Ford shale jobs, but few qualified workers

There are jobs in abundance in the Eagle Ford shale area, but a group of employers said Monday that it isn’t easy to find qualified workers.  More »

Offshore industry hopes for grace period on new rules

After a year of preparation, oil companies and offshore contractors starting Tuesday must comply with a government mandate requiring broad safety management systems designed to reduce human errors and shrink operational risks.  More »

U.S. oil and gas yield will beat peak by 2020, research projects

Shale drilling will push domestic oil and natural gas production to its highest level since the 1970s, beating Saudi Arabia, according to an analysis by consulting firm PFC Energy.  More »

Senate panel approves Scarnati gas drilling bill

A broad-ranging bill to regulate natural gas drilling in the state and impose a fee on drillers won a key state Senate committee’s support Monday but not the bipartisan backing the high-ranking Republican sponsor had hoped for.  More »

TransCanada says it will reroute planned pipeline

The officials said TransCanada would agree to the new route, a move the company previously said wasn’t possible, as part of an effort to push through the proposed $7 billion project.  More »

Oil speculation spreading to Rocky Mountain Front

Speculation that the oil-rich Bakken shale formation may extend as far west as the Rocky Mountain Front is sparking increased leasing of land along the eastern side of the Rocky Mountains and in north-central Montana.  More »

Libya to issue crude tenders for 2012

Libya is preparing tenders for the sale of crude oil next year for the first time since the country’s transitional government took over from forces loyal to Muammar Qaddafi.  More »

BHP expects U.S. shale gas production to quadruple by 2020

BHP Billiton Ltd. (BHP), Australia’s biggest oil and gas producer, expects output from its U.S. shale assets to quadruple by 2020, driven by the $12.1 billion purchase of Petrohawk Energy Corp.  More »

Algeria says $100-$110 oil is fair as economy slumps

Algeria, Africa’s third-largest oil producer, said crude prices of $100 to $110 a barrel are fair for exporters and users, the country’s oil minister said a day after Iran and Nigeria said the market is balanced.  More »