OPEC Still Planning on Freeze Despite Increase in Production

October proved to be a record month for the Organization of the Petroleum Exporting Countries (OPEC) for oil production, with 33.54 million barrels per day (b/d) being pumped per day. S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, surveyed OPEC and oil industry officials and […]

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Rich Fitzgerald on Fracking

As the upcoming election approaches, an important topic, especially for Western Pennsylvania, has been fracking. On September 22, SHALE INSIGHT 2016 was held in Pittsburgh, and provided participants a front-row seat for the most important discussions on shale development, featuring some of the most prominent industry and government leaders. Attendees networked with the most influential […]

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Week in Review: April 4th

U.S. Judge Approves BP Settlement for 2010 Gulf of Mexico Oil Spill – CNBC By Reuters BP received final approval from a U.S. Judge to pay $18.7 billion in fines to the U.S. government and five states affected by the 2010 oil spill. The agreement requires BP to pay at least $12.8 billion to the […]

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U.S. Continues To Be Leading Importer of Oil

Congress voted to lift the 40-year ban on U.S. oil exports in December 2015, while attempting to propel America into a leading oil exporter. Yet, nearly four months later, oil imports reached a three year high according to Bloomberg Business Week. As of March 25, the U.S. imported 7.9 million barrels of oil a day. […]

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Utica Pipeline Could Send Ohio Gas To Gulf Coast

Nasdaq By Nick Cunningham A proposed pipeline in Ohio just received federal approval, which could connect shale gas from the Utica basin to the Gulf of Mexico. Eastern Ohio is home to the Utica shale, which is thought to hold around 38 trillion cubic feet of natural gas. Whereas the Marcellus shale has been the […]

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US Shale to OPEC: We Don’t Care!

Yahoo U.S. oil production could increase next year to levels not seen since the 1970s, despite OPEC’s efforts to muscle out American shale producers. While U.S. oil production is predicted to rise by another million barrels a day during 2015 from the current 9 million barrels a day, forecasts are coming down on expectations that […]

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Electrolysis Treats Fracking Produced Water

Drilling Slowdown on Sub-$80 Oil Creeps Into Biggest U.S. Fields

Business News Network The slowdown in the U.S. oil-drilling boom spread to two of the nation’s largest fields this week. The Permian Basin of Texas and New Mexico, the country’s biggest oil play, lost four rigs targeting crude, dropping to 558, Baker Hughes Inc. (BHI.N 2.2%) said on its website Friday. Those in North Dakota’s Williston […]

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Will Low Prices Lead to Consolidation in Shale Industry?

Allentown Morning Call By David Conti of the Pittsburgh Tribune Review The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say. “I do know a couple of companies that are interested in getting out of the basin,” […]

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