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Tag: oil price
How the plunging price of oil has set off a new global contest
2015-07-16 12:28:16| Electronics - Topix.net
He'd spent years touting his vision that America would one day dominate one of the world's most powerful markets. And when Harold Hamm, a pioneer in discovering vast reserves of shale oil under American soil, took the stage in front of several hundred oil luminaries, he never acknowledged that the narrative was in doubt.
Eagle Ford drilling activity shrinks as oil price drops to $52 a barrel
2015-07-13 03:14:57| Oil & Gas - Topix.net
New drilling activity took a slide in the Eagle Ford shale amid $52 per barrel oil prices, according to figures released on July 10. West Texas Intermediate crude oil prices had been trading around $60 per barrel in recent weeks, but it since sank to around $52 in recent days over uncertainty about Greece and Iran flooding the market with cheap oil. Figures from the Baker Hughes rig count released on July 10 showed that new drilling fell from 106 active rigs to 102 operating in the Eagle Ford shale region just south of San Antonio.
Oil price slight rise following strong European economic data
2015-06-23 01:00:00| Offshore Technology
Oil prices have experienced a slight rise due to strong European economic data easing oversupply concerns.
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Oil price causing re-think over North Sea projects
2015-06-21 12:09:18| Oil & Gas - Topix.net
Congratulations, you're now registered! Let us know what news and updates you want to hear about and we'll send them straight to your inbox. Two-thirds of North Sea oil and gas industry operators have been forced to cancel projects because of the recent fall in oil price.
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Sky's the limit: offshore workers lose home comforts as oil price pinches pockets
2015-06-10 01:00:00| Offshore Technology
North Sea operator Talisman Sinopec Energy has cancelled its Sky subscription and removed the service from its offshore operations in a move it says will save 600,000 a year. With a low oil price weighing heavy on companies' costs, Adam Leach looks
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