Baker Hughes (ticker: BHI), in its weekly release, says the number of rigs exploring for oil and natural gas in the U.S. declined to 988 this week. This marked the first time the weekly count was below 1,000 since September 2009. Baker Hughes’s count put 760 rigs seeking oil and 225 were drilling for natural gas. Three were listed as
“Energy prices touch everything we do.” Listen to the interview Wyoming is the most energy intensive state. It’s the largest U.S. coal producer, producing about 40% of total coal mined per year in the U.S. It’s the country’s eighth most productive oil state, and it’s sixth in natural gas production. This week Oil & Gas 360® had an opportunity to talk
In this final installment, former Shell Oil Company President John Hofmeister talks about the false notion of energy independence, the need for two-way oil and gas trading, the Jones Act, removing barriers to the movement of energy, and the Keystone XL pipeline View PDF of Slides – Download Video File John D. Hofmeister is a seasoned business leader with strong views about U.S.
Accelerates APA’s Transition to North America Apache Corporation (ticker: APA) has closed on the $2.8 billion sale of its stake in two separate LNG projects, the company announced on April 10, 2015. The projects include the Wheatstone LNG in Australia and the Kitimat LNG facility in British Columbia, with Woodside Petroleum assuming APA’s interest in both projects. The closing comes
Story by the Associated Press American Electric Power (NYSE:AEP) is preparing to close six coal-fired power plants in four states on May 31 to comply with stricter federal emissions standards. Columbus, Ohio-based AEP recently gave notices of the closures to the states and to workers at the Philip Sporn, Kammer and Kanawha Valley plants in West Virginia, the Muskingum River Plant
Story by The Denver Post The “Don’t Frack Denver” campaign by environmental and community activists on Wednesday delivered petitions to the Denver City Council and mayor’s offices to underline its push for city officials to take pre-emptive action on two fronts. Two months ago, the groups called for the council and Mayor Michael Hancock to pass a ban on new
North American Oil Federation Could De-Throne OPEC As World’s Price Manipulator
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