Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.
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Posted on October 31, 2014 at 2:39 pm by Jennifer A. Dlouhy in
Arctic,
Politics/Policy |
The Obama administration is quadrupling its estimate of how much crude could be harvested from Arctic drilling leases it sold oil companies six years ago. Regulators also think there is a 75 percent chance of at least one large spill occurring in the area.
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Posted on October 30, 2014 at 7:20 am by Ryan Holeywell in
Europe,
Finance/Earnings |
European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices.
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Posted on October 28, 2014 at 5:37 pm by Jennifer A. Dlouhy in
Arctic,
Politics/Policy |
Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical.
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Posted on October 27, 2014 at 6:26 pm by Robert Grattan in
Deals,
Markets,
Pipelines |
Antero Resources Corp. launched its master limited partnership with a Monday initial public offering, as the company looks to become the latest producer to show its midstream assets to investors
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Posted on October 27, 2014 at 4:46 pm by Jennifer A. Dlouhy in
Arctic,
Exploration,
Politics/Policy |
Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.”
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Royal Dutch Shell’s midstream partnership launched its initial public offering in New York Monday, the company announced Monday.
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Posted on October 16, 2014 at 7:16 am by Bloomberg in
Crude oil,
featured,
Finance/Earnings
With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.
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Posted on October 14, 2014 at 12:10 pm by Robert Grattan in
Pipelines
The line will accommodate an anticipated increase in U.S. Gulf of Mexico crude oil coming into Louisiana.
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Posted on October 10, 2014 at 7:17 am by Bloomberg in
Biofuels,
Europe
The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.
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Posted on October 9, 2014 at 7:38 am by Associated Press in
Europe,
Offshore
Environmental activists Greenpeace launched in July a video showing an Arctic landscape with a Shell drilling platform made of Lego bricks covered in oil.
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Posted on October 8, 2014 at 1:15 pm by Collin Eaton in
Crude oil,
Deals,
featured
The months-old company wants to pump money into the Permian Basin’s aging wells that could prosper again with carbon dioxide injections.
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