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Tag Archives: oil

Hurdles exist using CO2 to boost oil output in North Dakota

BISMARCK, N.D. (AP) — A Houston research firm says significant barriers exist in using carbon dioxide to enhance oil recovery in North Dakota. But HIS Inc. geologist Curtis Smith told the North Dakota Legislature’s interim Taxation Committee on Wednesday that the “long-term prize” for the state could be billions of extra barrels of oil. The interim legislative committee is considering ...

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US stocks fall in global slump as energy companies skid

US stocks fall in global slump as energy companies skid

NEW YORK (AP) — U.S. stocks are skidding Monday morning as global stocks also took losses. Energy companies are falling the farthest although the price of oil is little changed. Companies including Xerox and drugmaker Perrigo are down after reporting disappointing earnings. KEEPING SCORE: The Dow Jones industrial average fell 137 points, or 0.8 percent, to 17,866 as of 10:40 ...

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Some criminal charges dismissed in 2012 platform fire

Some criminal charges dismissed in 2012 platform fire

NEW ORLEANS (AP) — A federal judge has thrown out some criminal charges filed against companies and employees following a 2012 oil platform fire that killed three people off Louisiana’s coast. But serious charges remain for some in connection to the fire, which broke out on a platform owned by Black Elk Energy Offshore Operations LLC. Criminal charges involving safety ...

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US rig count drops to 443 this week, Texas loses 7

permian basin

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by seven this week to 443, another all-time low amid depressed energy industry prices. A year ago, 988 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 354 rigs sought oil and 89 explored for natural gas. Among major oil- ...

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US stocks jump following another surge in oil prices

US stocks jump following another surge in oil prices

NEW YORK (AP) — U.S. stocks are climbing Friday morning as the price of oil jumps for the second time in three days. Energy companies are getting a boost and mining and metals companies are also posting gains. Retailers are struggling after some weak sales reports. KEEPING SCORE: The Dow Jones industrial average rose 141 points, or 0.8 percent, to ...

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23.5M acres off Texas up for oil, gas leases in August

23.5M acres off Texas up for oil, gas leases in August

NEW ORLEANS (AP) — The federal government will offer 23.5 million acres off of Texas for oil and gas leases in August. The Bureau of Ocean Energy Management says that’s all the available waterbottom in the western Gulf of Mexico. Spokesman John Filostrat (FIL-oh-strat) says the agency has not chosen a date or location. Last August marked the smallest sale ...

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Stocks edge higher, led by media companies and retailers

Stocks edge higher, led by media companies and retailers

NEW YORK (AP) — Stocks closed mostly higher in quiet trading, led by gains in consumer companies. Media stocks rose Monday, as did hotel companies, but energy companies lost ground along with the price of oil. Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group made another effort to buy Starwood. Avon Products jumped 8 percent after reaching ...

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Groups want freeze on oil waste dumping into water reserves

SAN FRANCISCO (AP) — Environmental groups sought a freeze Wednesday on permits to dump oil field waste into the country’s underground water reserves, alleging that lax federal oversight was threatening potential drinking water supplies. Groups including the Natural Resources Defense Council and Clean Water Action formally petitioned the U.S. Environmental Protection Agency for the moratorium. The agency would review the ...

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