Home / News (page 663)

News

Across The Pond: Country makes strides to increase local use of natural gas

Norway

By Nerijus Adomaitis OSLO | Tue Oct 8, 2013 8:10am EDT OSLO Oct 8 (Reuters) – Norway’s incoming right-wing government has pledged to end a state monopoly on building power export cables and to increase local use of Norway’s natural gas. The Conservatives, led by prime minister-designate Erna Solberg, and their smaller ally, the populist Progress party, clinched a coalition deal on Monday and are ...

Read More »

Bakken pure play operations take forefront

Bakken

For investors looking for a pure play Bakken bet, either Emerald Oil Inc. or Oasis Petroleum Inc., exploration and production firms, may be the answer. Both recently made significant but vastly different moves to enhance their respective company’s status as pure play operations focused solely on the Bakken and Three Forks formations in the Williston Basin. Oasis Petroleum acquired 161,000 ...

Read More »

Monetizing the Bakken

oil money

Cheap land and large production growth, that’s Whiting Petroleum’s (NYSE: WLL  )  model. So far Whiting has built up a 714,541 net acreage position in the Bakken for $643 million, which is slightly less than $900 an acre, or in other words a steal. Using a strengths, weaknesses, opportunities and threats analysis investors can see if the company is worth an investment.Strengths Whiting Petroleum has a large acreage ...

Read More »

20% of Bakken oil goes to…..

Pennsylvania

By Sabina Zawadzki PHILADELPHIA, Oct 2 (Reuters) – Philadelphia Energy Solutions’ 350,000 barrel-per-day Pennsylvania refinery is now processing a fifth of all oil produced in North Dakota’s prolific Bakken shale oil formation and the plant could take more from there or other sources. Just a year after the company bought the plant, rescuing it from the threat of a shutdown due to the high cost ...

Read More »

Aspen Air expands in ND

gas

Two rival companies providing industrial gases to the Bakken oil-and-natural-gas boom built facilities in North Dakota. But Aspen Air U.S. Corp. chose to double its production of industrial gases in Lockwood and to serve the energy play from Billings. “We decided to build here. We feel it is so stable,” chief executive Onkar Dhaliwal said. “The living conditions are just better ...

Read More »

ND government officials break ground on U.S. 85 Watford City bypass

watford city

North Dakota Gov. Jack Dalrymple, North Dakota Department of Transportation director Grant Levi, Watford City Mayor Brent Sanford, and other state and local officials broke ground recently on the U.S. 85 Watford City bypass, which will re-route Highway 85 traffic onto a new roadway southwest of Watford City., N.D. The bypass will enhance safety and traffic movement throughout the area, ...

Read More »

Oil-by-rail proposed from ND to the Port of Vancouver

train terminal

VANCOUVER, Wash. — About 100 people attended a presentation Monday night in Vancouver on plans to build an oil-by-rail terminal at the Port of Vancouver. The Tesoro Corp. and Savage Companies want to build a $110 million terminal that would handle as much as 380,000 barrels of crude oil a day. The oil would arrive by train from North Dakota ...

Read More »

Former NFL coach to speak at Watford City oil company grand opening tomorrow

Ditka

WATFORD CITY, N.D. – Former NFL coach Mike Ditka will be a featured guest Thursday at an oil company’s grand opening event here. Ditka will speak during an event sponsored by Canary, previously Frontier Energy Group, which is celebrating the completion of a new 45,000-square-foot facility in Watford City.The event is from 10:30 a.m. to 2 p.m. Thursday at 2438 U.S. ...

Read More »

Addition to Minot airport coming soon

MOT

MINOT, N.D. — Ground could be broken later this month for a new airport terminal in Minot. Airport Director Andrew Solsvig says the project received a $6.6 million federal grant at the end of August. That enabled the City Council on Tuesday to accept the $40.7 million bid of Graham Construction Services of Eagan, Minn. The city is allowing the ...

Read More »