Archive for January, 2015

Less Drilling, More Dealing in Marcellus

For an oil and gas company belonging to a very narrow stripe of the industry that’s well capitalized, long-term oriented and opportunistic, this might be a good time to make a deal. Some industry experts predict 2015 may turn out to be a year of less drilling and more dealing, as low oil and natural […]

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The Northeast Braces for Major Winter Storm

New Yorkers hoping to fly somewhere dry have already missed the plane. More than 1,400 flights out of or into the region’s three major airports have already been canceled Monday morning, according to website FlightAware, in anticipation of a massive blizzard that could drop two to three feet of snow on the tri-state area up through […]

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(REUTERS) OPEC’s Badri Expects Some Oil Price Rebound Soon

(Reuters) – Oil prices at current levels may have reached a floor and could move higher very soon, OPEC Secretary-General Abdullah al-Badri said on Monday…

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Oil Crisis Poses Both Danger and Opportunity

The Chinese symbol for crisis is composed of two sino-characters that can represent “danger” and “opportunity.” So which applies to the present state of the oil business? The answer is both. The good thing about getting older is that…

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As Oil Prices Plunge, Concerns Rise in Texas

DALLAS | Just as quickly as it emerged, the oil boom is crashing. Drilling budgets across Texas and the world are…

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Oil Slides To Near 6-Year Low

Oil fell from the lowest closing price in almost six years amid signs that Saudi Arabia’s new king will maintain its production policy, bolstering speculation that a…

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(EIA) Lower 48 oil production outlook stable despite expected near-term reduction in rig count

The sharp decline in oil prices over the last quarter of 2014, which has continued in January, is already having a significant effect on drilling activity in the United States, as shown by the 16% decline in the number of active onshore drilling rigs in the Lower 48 states between the weeks ending on October […]

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​Saudi Arabia Expected to Keep Oil Policy Unchanged

The current rise in oil prices will be short-term as Saudi Arabia is unlikely to reconsider its oil policy after the death of King Abdullah, financial experts told RT. “The Saudi king has not been taking an active…

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For Saudis, Falling Demand for Oil Is the Biggest Concern

As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand. The world’s largest exporter has chosen not to cut

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American Energy Partners appoints new Chief Financial Officer of its affiliates

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