A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut.
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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