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News Briefs: Rig Count Rises for Fifth Straight Week
The number of rigs seeking oil and natural gas was up a fifth straight week by one rig to 463, according to oilfield services company Baker Hughes in data released on July 29.
The…
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News Briefs: Army Corps of Engineers Approve Pipeline
The Army Corps of Engineers has approved nearly all permits to build the Dakota Access Pipeline, the Associated Press reported on July 27. Construction has already begun in all four…
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News Briefs: Halliburton Reports $3 Billion in Losses in Second Quarter
Halliburton reported a $3.2 billion loss in the second quarter when it released its earnings report on July 20. The loss is largely because of a $3.5 billion breakup fee it paid rival…
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News Briefs: Rig Count Increase Gives Hope to Oil Industry
The Baker Hughes’ rig count for the week ending July 8 shows a total of 10 new oil rigs added, bringing the total count to 440, up from 430 a week ago.
Losses for the week came from…
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News Briefs: Regulator Predicting Larger Well Pads in Bakken
North Dakota’s top oil regulator says he expects to see mega-pads get even larger in the state as companies figure out how to get the most oil out of the Bakken.
Hess Corp. has the…
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News Briefs: US Energy Secretary Sees Oil Market Coming into Balance
Ernest Moniz, the U.S. energy secretary, says he sees the global oil market coming into balance over the next year as rising demand catches up with a 2-year-old supply glut that lowered…
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News Briefs: Projects Could Keep Oilsands Growing
A U.S. research organization says Canada’s oilsands companies will gradually switch from new projects to expansion of existing operations as production grows over the next nine years to…
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News Briefs: District Judge Stops Fracking Rule
A U.S. District Court judge in Wyoming ruled that the Department of the Interior and the Bureau of Land Management do not have authority to regulate fracking on federal and tribal…
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News Briefs: One Killed, Three Injured in Well Site Fire
One worker has died and three others were injured following a fire at an oil well site near Watford City, North Dakota, over the weekend, according to OSHA.
OSHA says crews were…
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News Briefs: Rig Count Continues to Rise
For the third straight week, the number of rigs seeking oil and natural gas increased, according to oilfield services company Baker Hughes in data released June 17.
The rig count…