Tag Archives: gas

New Mexico Moves Up in Oil & Gas Rankings

        ALBUQUERQUE — Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by the U.S. Energy Information Agency, saying investment by energy companies in the state worth […]

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Oil Prices Post Strongest January Opening Since 2014

Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures traded flat at around $60.40 by 6 a.m. CST (12 GMT) after hitting […]

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US Shale Oil Drillers Set to Kick Off the New Year with Big Production Gains

Crude oil production from seven major shale regions is set to grow by 94,000 barrels a day in January, the Energy Information Administration forecast. Total output from those regions is seen topping 6.4 million barrels a day next month. RBC’s Helima Croft: US shale production is going to come back in 2018 America’s shale drillers […]

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Thanksgiving Travelers Smash Records

  As we all know from the personal experience of enduring long lines at the airport and inching along frosty highways in bumper-to-bumper holiday traffic, Thanksgiving week is unquestionably one of the busiest long-distance travel periods of the year. Long-distance trips increase by 54 percent around Thanksgiving, a huge number, especially when considering that the […]

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Texas Oil and Gas Jobs on the Upswing

  Oil companies across Texas increased payrolls by nearly 12,000 jobs in the six months through April. Experts attribute the increase to the industry’s steady recovery along with the shale boom in the Permian basin of West Texas. The latest gain over the last six months pushed the total number of oil and gas jobs […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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Statoil Prepares for Complete Shutdown of Norwegian Shelf

Norway’s Statoil is preparing to shut down production on the Norwegian Continental Shelf (NCS) following a notice of lockout from the Norwegian Oil Industry Association (OLF), the company said Thursday in a statement. A lockout means a complete shutdown of Norwegian oil and gas production, highly possible government intervention and an end to the strike, […]

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Sightseeing – Stavanger’s Top 5

With Offshore Northern Seas 2012 just a few months away and many Oil and Gas Industry Professionals from around the globe planning to attend, we thought you may be interested in the Top 5 sights to see during your stay in Stavanger.   Stavanger`s destination company, Region Stavanger, gives you their top 5 list. Preikestolen […]

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