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Top 5 Bakken stories of the week – March 4 – 11

north dakota oil, bakken pumpjacks, oil production

As Spring creeps in from the south, the plains are humming to life again. Although activity in the Bakken pays no mind to old man winter, some weeks are more exciting than others. This week’s recap offers a healthy mix of maintenance, photojournalism and an embezzlement scandal, as well as a look back in history. Enjoy! 5. BNSF: $100M in maintenance work ...

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North Dakota oil production drops by 30.6K barrels daily in January

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

BISMARCK, N.D. (AP) — North Dakota’s Department of Mineral Resources says the state’s oil production decreased by about 30,600 barrels a day in January. The agency says the state produced an average of 1.12 million barrels of oil daily in January. The January production was about 105,380 barrels per day less than the record set in December 2014. North Dakota also produced ...

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Iowa regulators approve Bakken pipeline permit

Energy Transfer Partners' Dakota Access Bakken pipeline has been approved by Iowa. The state was the last of four states to approve the Bakken pipeline. (Image: D.Reichardt via Flickr)

DES MOINES, Iowa (AP) — The last state permit needed for a pipeline that will carry a half-million barrels of crude oil daily from North Dakota to Illinois was approved Thursday by Iowa utilities regulators, who also gave the Texas-based company authority to use eminent domain for land that property owners are unwilling to voluntarily provide. The Iowa Utilities Board ...

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Nigeria: 30 killed in pre-election violence in oil state

WARRI, Nigeria (AP) — Nigeria’s governing party says at least 30 of its members have died as oil-rich Rivers state prepares for a rerun of legislative elections previously annulled amid fraud and killings. Rivers state is a stronghold of the opposition Democrats who deny responsibility and, according to state government spokesman Austin Tam George, blame the spate of killings over ...

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ESAI: Libyan production will not recover

Libyan oil, desert

Intelligence Briefing Libya is the latest front in the West’s campaign against the self‐proclaimed Islamic State (also known as ISIS or ISIL). The recent U.S. air strikes, press reports of the French aircraft carrier moving to waters off of Libya, and the quickly rumored and just as quickly knocked‐down discussion of Italian troops going to Libya has only highlighted the ...

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BY THE NUMBERS: The Fukushima nuclear disaster, 5 years on

The Fukushima nuclear disaster, 5 years on

TOKYO (AP) — Five years after a powerful earthquake and tsunami sent the Fukushima Dai-ichi nuclear power plant in Japan into multiple meltdowns, cleaning up the mess both onsite and in surrounding towns remains a work in progress. Here’s a look, by the numbers, at the widespread effects of radiation from the March 11, 2011, disaster: ___ 164,865: Fukushima residents ...

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Brazil’s Marcelo Odebrecht sentenced to more than 19 years

Marcelo Odebrecht, CEO of Odebrecht. (Image: Worldsteel via Flickr)

SAO PAULO (AP) — A federal judge on Tuesday sentenced the former president of the country’s largest construction company to more than 19 years in prison for involvement in the massive corruption scheme at Brazil’s state-run oil company Petrobras. Judge Sergio Moro, who is heading the Petrobras investigation, sentenced Marcelo Odebrecht to 19 years and four months imprisonment on charges ...

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Norway’s oil fund posts lowest return in 4 years

Offloading outside of Ølensvåg in Norway. (Image: Maersk Drilling via Flickr)

STAVANGER, Norway (AP) — Norway’s massive sovereign wealth fund posted a 2.7 percent return on investments in 2015, the lowest return since 2011. The Norwegian central bank, which manages the fund, said Wednesday that last year “was a volatile year, with negative interest rates, currency turmoil, falling oil prices and weaker growth expectations for emerging markets.” The fund’s market value ...

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