Drilling

Oil

Rig count drops again, oil rigs down for fourth week

Source: 
FuelFix

For the fourth week in a row, the number of rigs drilling for oil in the U.S. has declined, falling 4 to 640, while the total rig count dropped to 838, FuelFix reports.

Oil

Obama should wrap up Arctic drilling: Senate Democrats

Source: 
The Hill

A dozen Democratic senators have written to President Barack Obama, asking him to put a stop to Arctic drilling after Royal Dutch Shell finishes its exploratory drilling in the Chukchi Sea this season, The Hill reports.

Oil

Voluntary buyout offer made to hundreds at Kimray HQ in Oklahoma City

Source: 
The Oklahoman

Looking to shed jobs to cut costs, oil field equipment manufacturer Kimray has made a voluntary buyout offer to its 700 employees at company headquarters in Oklahoma City, The Oklahoman reports.

Oil

Arctic oil would replace exhausted shale deposits, Exxon consultant says

Source: 
FuelFix

A senior consultant for Exxon Mobil told a panel Thursday that moving now to access oil under the Arctic Ocean would guarantee the country’s energy supply when U.S. shale reserves are tapped out decades into the future, FuelFix reports.

Oil

North Dakota: Longer deadline but tougher flaring mandate

BISMARCK, N.D. (AP) — North Dakota regulators have given the oil industry an additional 10 months next year to cut down on the reduction of wasteful flaring of natural gas but also implemented a stiffer long-term benchmark.

The decision Thursday by the state Industrial Commission pleased neither the industry nor environmental groups, but regulators said it's a give-and-take aimed at putting more natural gas on the market to the benefit of both energy companies and consumers.

North Dakota regulators extend, toughen gas flaring mandate

BISMARCK, N.D. (AP) — Energy companies are getting more time to cut down on the wasteful flaring of natural gas in North Dakota's oil fields.

In return for extending by 10 months a Jan. 1 target, state regulators have implemented a stiffer long-term benchmark.

Oil

More asset sales coming from drillers in 2016: Analyst

Source: 
FuelFix

FuelFix reports that a new analysis projects that spending cuts by drillers trying to cope with continued low oil prices will fuel more asset sales next year.

Oil

Halliburton sheds more jobs in North Dakota

Source: 
Williston Herald

With drilling in the doldrums, Halliburton is confirming further layoffs from its office in Williston, North Dakota, although a spokeswoman wouldn't provide numbers to the Williston Herald.

Oil

Quake study getting up and running in Texas

Source: 
Rigzone

The multimillion dollar TexNet Seismic Monitoring Program, authorized and funded by Texas lawmakers to examine any links between earthquakes and disposal wells in the state, is gearing up its operations, Rigzone reports.

University of Texas photo

On eve of methane hearings, oil industry touts GHG investments

The oil industry is seeking to highlight its investments in greenhouse gas emissions reductions as the Environmental Protection Agency begins soliciting public input on regulations to cut methane emissions by as much as 45 percent over the next decade.

In a report released Tuesday, the American Petroleum Institute touted $90 billion in total industry GHG mitigation investment from 2000 to 2014. The investments included renewable energy technology, efficiency upgrades, methane and carbon capture efforts and increased use of cleaner-burning fuels.

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