Archives for November 2016
Houston-based Rowan teams with Saudi Aramco for new joint venture
The joint venture 50-50 joint venture between Rowan and the Saudi Arabian Oil Co., called Aramco, will build off of Rowan’s existing deepwater rig business in Saudi Arabia. The new company is planning to commence...
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Police, protesters clash at Dakota Access Pipeline
CANNON BALL, N.D. — Tension flared anew on the Dakota Access pipeline as protesters tried to push past a long-blocked bridge on a state highway, only to be turned back by a line of law...
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Analyst: Need for Dakota Access Pipeline declining
The need for the controversial and delayed Dakota Access Pipeline is falling along with the production of oil from the Bakken Shale in North Dakota and Montana, said Sandy Fielden, Morningstar’s director of oil and products...
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Rig count jumps by 20; largest increase in two years
The number of oil and gas rigs in U.S. fields boomed this week, rising by 20 — the largest jump since the peak of the shale oil boom two years ago. U.S. oil drillers collectively...
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Arctic dropped from U.S. offshore leasing program
WASHINGTON – The United States will not allow offshore oil and gas drilling in the U.S. Artic for the foreseeable future, U.S. Interior Secretary Sally Jewell announced Friday. The Obama administration had been considering allowing...
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