As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
The Baker Institute is celebrating its 20th anniversary tonight and there is much to be proud of. The Baker Institute study “Re-engaging the Israelis and the Palestinians: Why An American Role in Initiating Israeli and Palestinian Negotiations is Necessary and How It Can Be Accomplished”http://bakerinstitute.org/research/re-engaging-the-israelis-and-the-palestinians-why-an-american-role-in-initiating-israeli-palestinian/ has made a major contribution to the peace process, with […]
Talisman Energy, the Canadian oil and natural gas producer being targeted by investor Carl Icahn, agreed to sell part of its Montney acreage to Malaysia’s Petroliam Nasional for C$1.5 billion ($1.4 billion).
The country could hold as much as 42 trillion cubic feet (1.2 trillion cubic meters) of shale gas, the third largest reserve in Europe, according to the U.S. Energy Information Administration estimate from 2011
Officials and experts and two other workers interviewed by the AP say the quality of the tanks and their foundations suffered because of haste — haste that was unavoidable because there is so much contaminated water leaking from the wrecked reactors and mixed with ground water inflow.
A congressional proposal to give coastal states a greater share of government royalties tied to oil and gas drilling would increase the federal debt by more than $49 billion over the next three decades, according to new analysis set to be released Friday.
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