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Author Archives: Marissa Hall

Oil company manager kidnapped, perpetrators still unknown

A manager for Mellitah Oil and Gas in Libya was kidnapped Sunday while travelling between Tripoli and Sabratha, leaving many wondering who is responsible and rousing other Mellitah staff into a protest. Yusuf Al-Shamani, a manager for Mellitah, was taken by a gang of individuals en route between the two cities, according to the Libya Herald. Authorities have been unable ...

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Colombian rebels resume guerilla attacks on oil infrastructure

Colombia’s oil infrastructure is once again under attack by rebels as conflict resumed after a ceasefire established in December came to a screeching halt in May. Bloomberg reports that rebels targeted the Orito-San Miguel and Orito-Churuyaca pipelines, both in the Putumayo province on the southwest border of the country. Two wells—the Loro 8 and Yurilla 1—also fell victim to damage ...

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The U.S. oil fracker’s dilemma: crouch or pounce?

HOUSTON – U.S. shale oil producers, having weathered the worst price plunge in their industry’s brief history, now face a dilemma: whether to stay in a defensive crouch after slashing their rig fleets, or start drilling more wells to capture a partial recovery in prices. In a way, the conundrum is as old as the first oil well. If producers ...

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No 2 offshore oil driller Seadrill sees industry pain through 2016

OSLO – Seadrill, the world’s second biggest offshore oil driller, predicted years of pain for the global rig market on Thursday as energy companies continue to pare spending despite a recent lift in oil prices. The company, part of shipping tycoon John Fredriksen’s business empire, said charter rates are down, most contract talks are about renegotiating existing deals and the ...

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Here’s what the finalized Clean Water Rule says and why it’s causing controversy

The U.S. Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers announced Wednesday that they have finalized the Clean Water Rule, and it’s already causing an uproar in the industrial sector. In a press release, the EPA stresses that the new rule is specifically meant “to clearly protect from pollution and degradation the streams and wetlands that form ...

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Sour is the new sweet: OPEC’s view of oil quality dilemma

LONDON – The U.S. shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such as Nigeria and refiners ...

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Norway’s king opens Arctic drilling conference in Alaska

ANCHORAGE, Alaska — An Alaska conference on Arctic offshore drilling received royal treatment Wednesday. King Harald V of Norway gave opening remarks at conference in Anchorage hosted by INTSOK, a trade organization established in 1997 by the Norwegian government and its oil and gas companies. One of the group’s 2015 goals is to promote the Norwegian oil and gas industry ...

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