Drilling

Oil

North Dakota oil rig count drops below 100

BISMARCK, N.D. (AP) — The number of drill rigs in western North Dakota's oil patch has slipped below 100 for the first time in five years due to the sagging price of crude.

There were 98 rigs drilling in North Dakota on Wednesday. That's 100 fewer than on the same day one year ago. It's the lowest since March 2010.

Oil

Jobs could go in New Mexico as rigs idled

Source: 
The Associated Press

New Mexico Energy Secretary David Martin was speaking about “lost revenue and jobs” as a result of the slump in the energy industry in the face of lower prices, The Associated Press reports.

Oil

Chevron unit agrees deal for Myanmar oil exploration

Source: 
FuelFix

Unocal Myanmar Offshore Co. Ltd., a Chevron subsidiary, has signed an agreement with the state oil company in Myanmar to explore for offshore oil and gas in the Rakhine Basin, FuelFix reports.

Oil

Shell rigs start moving toward Arctic

Source: 
FuelFix

Shell Oil Co. has started moving rigs toward the Arctic in anticipation of being allowed to drill in the Chukchi Sea this summer, FuelFix reports.

Oil

NOAA research flights to examine methane emissions from fracking

Source: 
Daily Camera

Scientists from the University of Colorado and the National Oceanic and Atmospheric Administration will take 15 flights to examine emissions from fracking sites over the Bakken Shale, the Niobrara Shale and the Four Corners region, paying particular attention to methane, the Daily Camera reports.

Oil

US drillers scrambling to thwart OPEC threat

NEW YORK (AP) — OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry.

Now they are fighting back.

Oil

Layoffs at Arkansas oilfield services company

Source: 
Democrat Gazette

The loss of shale driller Southwestern Energy Co. as a client has forced the layoff of most of the 250-strong workforce at M&M Environmental Group, the Democrat Gazette reports.

Oil

New company will aim at cheaper undersea drilling

Source: 
FuelFix

Oilfield services company Forsys Subsea, created by FMC Technologies and Technip, will seek to make it more efficient and affordable for drillers to find and extract undersea crude, FuelFix reports.

Oil

South Sudan economy on edge amid war, low oil production

JUBA, South Sudan (AP) — Hit by falling oil revenues, South Sudan's economy is also troubled by a violent conflict that looks set to continue.

It could get worse in this young country, with the U.N. warning that South Sudan's economy is now threatened by rampant inflation as the central bank is allegedly printing money to meet a budget shortfall.

Oil

You can go home: Returnees to ND oil boom town here to stay

WATFORD CITY, N.D. (AP) — Before oil tanker trucks rumbled down the roads at all hours, this town was so quiet that Erin White rode her horse to a deserted Main Street one night. Back then, this was a dusty hamlet with few prospects for a future.

Like many teens, White didn't expect to be back after college. She and her husband, Lange, settled in eastern Colorado. But when his temporary stint as an airplane mechanic ended, he needed work. White's parents weighed in: There were lots of oil jobs back home.

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