The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. That broke the November record of 1.19 million barrels per day. More »
The United Steelworkers’ strike against what they call unsafe working conditions at refineries and chemical plants remained at an impasse Thursday. Union spokeswoman Lynne Hancock said negotiations would resume next week.
Sen. John Hoeven of North Dakota, the chief Republican sponsor, told reporters Thursday it would be better if Congress was in town when President Barack Obama vetoes the bill “so attention is brought to it.” More »
The move by the Interior Department’s Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the possibility that Shell Oil Co. will resume drilling in the Chukchi Sea this summer. More »
C&J Energy Services executives say the company’s deal to acquire Nabors Industries’ hydraulic fracturing fleets should help stem the losses from the industry downturn, but that it’s planning input and labor cost cuts to brace for a tough year More »
With rapid authorization, negotiation and signing of the lease — reminiscent of how decisions on the waterfront used to be greased — the port has secured a $13.17 million deal and forestalled efforts by the region’s environmental groups to stop it. More »
Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713 More »
Fifty of Precision’s 250 drilling machines, each with crews of 20 to 25 field hands, are no longer running after oil prices have been cut in half since last summer, the firm said in its fourth quarter earnings release Thursday. More »
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