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Pipeline protests escalate, more arrests

pipeline protest, Dakota Access

Demonstrators fanned out across North America on Tuesday to demand the U.S. government halt or reroute the Dakota Access pipeline as the companies behind the controversial project asked a federal court for permission to complete it. In what organizers said were the largest demonstrations to date against the pipeline, thousands of people rallied outside Army Corps of Engineers offices, banks ...

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U.S. rig count declines by 1 to 568

oil rig, rig count, Baker Hughes

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Trump election shows promise for oil and gas industry

harold hamm endorses donald trump

The U.S. oil and gas industry shows tentative hope that a new Trump administration will “re-ignite growth in the sector,” according to a Forbes article Friday. Frank Murphy, managing director of RW Baird, said: The 45th president will likely remove regulatory impediments imposed by the Obama administration that have stymied oil and gas drilling and infrastructure buildout. Forbes reported Murphy ...

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Hamm joins Trump’s short list of cabinet prospects

trump, hamm, cabinet

As the dust settles from this year’s presidential election, conversation has already turned to Donald Trump’s proposed cabinet. Big names like Rudy Guiliani, former New York City Mayor, and other “like-minded CEOs,” top the list for positions in Trump’s cabinet. What does this mean for the oil and gas industry? One of the industry’s most prominent businessmen could hold a ...

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Will Hess add new Bakken rigs in 2017?

Bakken, Hess

More rigs for the Bakken are in the 2017 Hess plan, according to company president and CEO John Hess, who was speaking about the company’s game plan in their third-quarter earnings call. Hess reported a net loss of $339 million, or $1.12 per common share for the third quarter, which compares to a net loss of $279 million or 98 ...

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Iran makes $6 billion deal with Total, CNPC

total SA, Iran

According to the Wall Street Journal, Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to help develop an onshore gas field. The move by Total is the first return by a Western energy company since sanctions were lifted this year. Total was long one of the most active Western oil companies in Iran, and ...

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Continental Resources plans to complete 29 Bakken wells

energy, 2016, year in review

Continental Resources’ Bakken production averaged nearly 108,000 b/d of oil equivalent in the third quarter of 2016, down 14% or more than 17,000 boe/d from the previous quarter, but the Oklahoma City-based producer plans to boost production in its North Dakota and Montana plays before the end of the year. “We’ve begun harvesting our valuable Bakken inventories,” Harold Hamm, Continental’s ...

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What exactly is driving the Dakota Access protests?

Dakota Access Protest. Photo: Fibonacci Blue via Fickr.

Here in the Bakken, most people have at least some idea of what’s going on with the protests against the Dakota Access pipeline near the Standing Rock reservation, and most of those people have at least some opinion about whether or not the pipeline project should be finished. But the protests have now spread to news outlets across the nation, ...

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Companies announce $1bn climate fund

climate fund, climate change

The Paris climate change agreement was met with unhappy and even skeptical responses by many, who believe that the agreement was not achievable–especially in the oil and gas industry. In December of 2015. close to 200 countries from around the world made commitments to keeping global warming below 2 degrees Celsius by cutting carbon emissions. The long-term goal of the technically ...

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Will the Dakota Access pipeline be re-routed?

Dakota Access, pipeline protest, Minneapolis

Re-route the pipeline? A new solution for the dispute near Standing Rock is now on the table, says President Barack Obama. The Huffington Post reported today that Obama commented late Tuesday night on the dispute to the online news site Now This. “My view is that there is a way for us to accommodate sacred lands of Native Americans. And ...

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