ConocoPhillips approves $900 million Arctic reserve project

The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Rock Energy targeted for board shakeup by activist FrontFour

The changes are necessary “in order to effect immediate and significant changes to the board in order to preserve and enhance shareholder value,” FrontFour said in a statement Thursday.
US Secretary of State John Kerry leaves after a group picture of Iran nuclear talks at Austria International Centre in Vienna, Austria on July 14, 2015. Major powers clinched a historic deal aimed at ensuring Iran does not obtain the nuclear bomb, opening up Tehran's stricken economy and potentially ending decades of bad blood with the West.   AFP PHOTO / POOL / CARLOS BARRIACARLOS BARRIA/AFP/Getty Images

Iran sanctions might be lifted in January as atomic gear removed

Iran removed 4,530 centrifuges during the 28 days ending Nov. 15, a rate of 162 machines per day, according to an International Atomic Energy Agency report issued late Wednesday.
Categories: Crude oil
API President Jack Gerard  (Bloomberg)

Oil and natural gas boosters to merge into energy lobbying behemoth

The new group will speak for an industry that has been rocked by low commodity prices and faces escalating resistance fossil fuels because of their contribution to climate change.
Keira Phair, of Westchester, Ohio, holds a rainbow flag during the Cincinnati Pride parade, Saturday, June 27, 2015, in Cincinnati. On Friday, the U.S. Supreme Court ruled that same-sex couples have the right to marry nationwide. (AP Photo/John Minchillo)

Oil and gas companies score low on LGBT workplace equality

Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
Map of Shell prospects in the Gulf of Mexico. (Shell)

Shell finds 100 million oil barrels in deep-water Gulf discovery

Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Joining Piper Jaffray in $139 million sale will help Simmons & Co. tackle new oil work

Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a Minneapolis-based, publicly traded company.
The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

After leading oil industry on exploration, Eni seeks to cash in

In the last decade, the company has spent $41 billion drilling dozens of wells from Mozambique to Pakistan and Angola.

While US crude imports rise from Iraq, Saudi’s remain subdued

It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the […]
sage grouse fight

Judge: Battle to prove need to block U.S. rules on sage grouse

The groups are suing the Forest Service and Bureau of Land Management and asking for a temporary injunction to block the proposed rules before a trial.