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According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.
Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
Officials from several New Jersey shore towns joined with some members of the state’s congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean.
The Houston-based oil field services company launched an investigation of its chemicals and data analysis software after an Australian fund manager in November disputed the accuracy of Flotek’s self-reported results.
Houston oil producer Noble Energy slashed its quarterly dividend, becoming the latest energy company to pare back its regular cash payments to shareholders amid industry-wide cost-cutting.
The monthly numbers fell in line with the near-zero growth rate that economists had been predicting.
New rules proposed move Friday will seek to reduce waste and harmful methane emissions as President Barack Obama addresses climate change.
North Dakota Petroleum Council President Ron Ness said if sour crude prices were to hold at just a couple of dollars a barrel, the wells will likely be shut down until prices rebound.
U.S. oil producer Halcón Resources says it’s planning to cut its investment spending in half next year in a “tempered approach” amid low crude prices, driving its energy output down.
Despite pulling back from some of its oil fields, Noble Energy cranked up production in recent months, with plans to send more oil to market in the fourth quarter than it had originally projected.