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Removing US oil ban would create jobs beyond drilling

by charlie on March 26, 2015

This weekly news column is for the growing number of private investors wishing to keep their finger on the pulse of the ever changing energy business, and is provided as a free informational service.

Industry News

Removing US oil ban would create jobs beyond drilling
Potentially up to 850,000 US jobs could be created annually from 2016 to 2030 by lifting the current oil ban in place, according an IHS report: Unleashing the supply chain: Assessing the economic impact of a US crude oil free trade policy. Read more  

USW and Shell reach tentative deal to end strike at US refineries
Royal Dutch Shell and the United SteelWorkers union (USW) have reached a tentative bargaining agreement over pay, benefits, and health and safety standards for union workers that could settle a more than 6-week unfair labor practice (ULP) strike in effect at 15 US refineries and associated installations. Read Article

As US storage capacity is now becoming a key pricing factor, BHI reports rig counts down for 14 consecutive weeks.

The US drilling rig count plunged 67 units—64 on land and 56 targeting oil—to settle at 1,125 rigs working during the week ended Mar. 13, according to data from Baker Hughes Inc.That total is the lowest since Nov. 20, 2009, and 684 fewer units compared with this week a year ago. The count has now fallen in 14 consecutive weeks, losing 795 units during that time. Read here


E&P News

Hydraulic Fracturing rules make way for permits in North Carolina
Rules governing the hydraulic fracturing method for drilling natural gas are expected to take effect Tuesday, creating the potential for drilling to start later in the year.The set of 120 rules that govern issues including well construction, water testing and buffer zones was developed by the state Mining and Energy Commission over nearly two years and approved in December by a separate state panel. Read here

Noble set to declare Cyprus natural gas find viable
Noble Energy is expected to declare its Aphrodite natural gas reserve off Cyprus commercially viable within weeks, paving the way for exports. Full article


Technology News

Next generation electronic flow measurement communications: Increasing efficiency, accuracy and security in oil and gas
The Oil & Gas Industry has changed dramatically in recent years. Liquids are currently dominating the market, due to the increasing accessibility of oil and Natural Gas Liquids (NGLs) that are being produced by unconventional drilling methods like horizontal drilling and fracking. Exploration and production efforts are also becoming increasingly remote as more local reservoirs of “easy oil” are depleted. While these changes present many opportunities for growth, they also create new challenges that the Oil & Gas Industry must overcome to recognize its potential, such as transporting product from these remote wellsites. Although pipelines are one of the primary means of transporting oil and NGLs, accurately measuring liquid flow in a pipeline can be challenging. Read more


Disclaimer

All data and information provided on this site is for informational purposes only. USOilinvestment.com and its Newsletter makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.This is a personal publication; the opinions expressed here represent my own and not those of my employer.

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