US | Egypt Oil & Gas - Part 24
North Dakota Oil Production Increases to Record Levels Despite Rig Count Drop
The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday.
Texas Supreme Court Blocks BP’s $750 Million Insurance Claim
BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 mill ...
TransCanada Halts Efforts to Acquire Land for Keystone Pipeline
TransCanada Corp. will temporarily suspend efforts to seize Nebraska land for its much-delayed Keystone XL oil pipeline after landowners sued, in what is one obstacle the Canadian company still faces in the 1,179-mi ...
Halliburton to Cut 5,000 Jobs
Oil and gas drilling services company Halliburton says it will eliminate at least 5,000 jobs in response to falling oil prices.
US Oil Strike Spreads to BP Plant in Midwest
The first nationwide strike at U.S. oil refineries since 1980 is spreading to two BP plants in the Midwest. Natural Gas Waste Bill to be Introduced in North Dakota’s Senate
North Dakota's Senate is considering legislation that would drastically cut the time oil companies can burn off and waste natural gas from an oil well.
US to Offer Over 41 Million Exploration Acres in Gulf of Mexico
As part of the Obama Administration’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Manageme ...
BHP Billiton to Lower Shale Rigs in US by 40%
In response to lower oil prices, BHP Billiton will reduce its US shale drilling spending by reducing the number of rigs by 40%.
