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updated Wed. March 29, 2017

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WILLISTON, N.D. - Oil patch cities in North Dakota are experiencing a declining population in contrast to rapid growth in the recent past.
Just a few years ago, the Bakken was the Wild West of oil, with boom towns, man camps and casinos fueled by speculative plays on soaring oil prices. Following the crash in prices, drillers of the remote northern plains hoped new transport options like ...
When OPEC points at U.S. oil producers, it always blames the shale drillers for oversupplying the world market. But while shale is in resurgence, the real source of recent growth has been the offshore drillers in the Gulf of Mexico.
Malawi, a small Southern Africa nation, remains one of the most impoverished countries in the world. Malawi has depended on agriculture for economic survival over the years.
That said, modern oil well fracking didn't start taking shape until the 1940s, and it wasn't until the 1990s when it was combined with horizontal drilling to unleash the shale gas boom. The industry eventually transferred those two techniques into ...
"FARGO crime RISES" bellowed the words at top of The Forum. Given the refugee Derangement Syndrome afflicting certain city and county commissioners and many talk-radio listeners, one would expect the story following the headline to read something ...
Responders typically use three cleanup methods in an oil spill: skimmers and oil booms to soak it up, dispersants to break it up, and fire to burn it up.
The pipeline would also further cement the bonds between the two key North American producers and increase the interdependence of the U.S.
Oil & Gas 360 contacted Xcel Energy and asked why wind over natural gas? The response was simply, ... Meanwhile, the steady decline in PPA prices is allowing utilities in new regions of the U.S.
The bill would require ships transferring oil to deploy floating containment rings, known as booms, and inform the United States Coast Guard before they begin pumping the heavy oil that fuels many large vessels. It is unlikely to become law as the ...
All of Weld County took a hit when oil prices collapsed in late 2014. But that didn't deter a net 7,300 people from moving there, which allowed the Greeley metro area to claim the nation's fourth fastest rate of population growth, according to new ...
"We've had oil booms and oil busts and other things like the tech recession and we come back to trend growth," said Pia Orrenius, a senior economist with the Federal Reserve bank of Dallas.
Tuesday evening the American petroleum Institute (API) reported that crude inventories rose by 4.5 million barrels in the week ending March 17.
The Organization of Petroleum Exporting Countries made a smart move to limit production, but the move has had some unforeseen effects, according to Goldman Sachs analysts.
Troubled North Sea oil explorer Enquest has drawn a line under a difficult two year downturn with better than expected profits for 2016 and a production boom expected in the year ahead. Last year the downturn-hit explorer weathered one of the North sea ...
Increased oil activity in Watonga has brought more people to Blaine County, and that's been good for recent sales tax numbers.
Crews Place Booms to Contain Oil Sheen on Columbia River. Crews have placed oil absorbent boom on the Columbia River near Wenatchee to contain an oil-like substance that has gotten into the river. | March 19, 2017, at 3:35 p.m.. MORE. LinkedIn ...
How the Guardian reported the grounding of the Torrey Canyon supertanker and what was then the world's worst oil spill.
On April 20, 2010, an explosion on the Deepwater Horizon caused the oil rig to sink down into the Gulf of Mexico, leaking more than 3 million barrels of crude oil over four months. The spill off the coast of Mississippi was the largest in United States ...
The oil industry's history is punctuated with boom-and-busts cycles that create and erase fortunes and drive economies.
Take a by-the-numbers look at how the oil crash has shaken the Texas economy. A drilling rig is seen near Kennedy, Texas, Wednesday, May 9, 2012.
A select group of Texas A&M University-Corpus Christi students spent spring break learning to protect area beaches instead of partying on them.
For years, we've heard numerous politicians declare that we need to reduce our dependence on foreign oil, particularly from the Middle East, and that we need to become energy independent.
Globe Energy Services operated this Chevrolet 2500 involved in a crash on March 13, 2017. (LIVE! Photo/Cameron Niblock). Globe Energy Services operated this Chevrolet 2500 involved in a crash on March 13, 2017.
The announcement follows successful deepwater exploration for what is described as one of the richest South American oil and natural gas discoveries in decades.
Iran's attempt to reboot its economy comes at the same time the Middle East at-large is working to figure out a strategy for dealing with uncertainty in the oil markets, forcing heavy borrowing from governments in order to maintain their domestic ...
"I've lived in Odessa all my life, and it's such a unique experience to live in a boom town and see it go through booms and busts," she explained. "Seeing us go through this last boom and seeing the price of oil rise and fall has made us all more aware ...
"Andrew Wilson has admitted that even the SNP knew its claims about an oil 'boom' were rubbish. Nicola Sturgeon and John Swinney should now come clean.
Around 48 percent of global contracts with petroleum-producing countries are in the form of PSCs and approximately 7 percent are SAs.
Automation is just the latest threat to labor in an industry where hiring has long been subject to the boom and bust cycle of commodity prices.
Despite the decrease in retail sales, and the subsequent drops in sales tax revenue for the city, numbers are still be higher than pre-oil boom levels. Furthermore, this fiscal year is actually projected to be the fifth highest for sales tax ...
"India is the third-largest oil consumer in the world, which is a clear indication of the importance of petroleum products in our daily lives," Pradhan said. "Also, according to the International Energy Agency, we are likely to contribute the most to ...
The export boom, together with surging domestic shale oil output, has redrawn the global energy map. The U.S. a decade ago reported annual net imports of crude and refined products of 12.4 million barrels a day.
"India is the third-largest oil consumer in the world, which is a clear indication of the importance of petroleum products in our daily lives," Pradhan said. "Also, according to the International Energy Agency, we are likely to contribute the most to ...
Retail sales in Enid were down in February, and in all but six months over the past two calendar years. Despite the decrease in retail sales, and the subsequent drops in sales tax revenue for the city, numbers are still be higher than pre-oil boom levels.
Before the oil boom, as recently as 2004, oil and gas production accounted for just 2 percent of the state's economy.
This impacts us," said Ball, who clearly has shown no relish for the more brutal parts of dealing with an oil-dependent economy during a collapse in petroleum prices. Then he added, "I wish we had had better information going into the election campaign ...
Related: Gasoline Glut Remains The Biggest Red Flag For Oil markets. Nationally there's no shortage of money coming in either.
See, oil reserves are a declining resource. They are steadily disappearing from the earth the way polar bears are (which is equally tragic to me) - all while demand continues.
State lawmakers are preparing to make severe cuts despite the fact that the Texas economy is growing. Past decisions, including a tax cut and a transportation ...
The Coast Guard is considering a plan to anchor up to 16 oil barges in the Hudson River off the Palisades Interstate Park. Scott Fallon/NorthJersey.
Taking a closer look at the report, MasTec got the bulk of its additional revenue and profit from recovery in the oil and gas segment.
Uganda's insurance industry, with a combined premium collection of Shs611 billion today, may have a little more preparation to do ahead of the anticipated oil ...
Two years ago, oil prices crashed. That plunge, from $100 per barrel down to less than $30, rattled the global economy especially oil producing and oil dependent countries like Nigeria. As the oil prices plummeted, the Organization of petroleum ...
US Defense Secretary General James Mattis arrives in Baghdad to talk about ISIS, immigration, and oil. President Donald Trump said he wants the US to have the oil, but General Mattis says the administration is not in Iraq to seize the precious resource.
One the one hand was the oil industry, which has been trying to find a safer, more efficient way to transport its product to refineries.
Over the past thirty years demand and production of oils crops like oil palm and soybeans has boomed across the tropics thanks to rising incomes, macroeconomic changes and government policies, and substitution effects.
One of the biggest success stories of the oil boom in the 20th century is Midland, the modest town that turned into a veritable oasis of wealth in the middle of West Texas.


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