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Interior
22
May

Interior Dept Postpones Decision On Oil Drilling In New Mexico

Interior Secretary David Bernhardt said the department will extend the public comments period for a controversial oil and gas drilling plan in a part of New Mexico that contains a national park and Native American lands. The Associated Press reports that the decision was motivated by the corona virus pandemic, which hit local tribes particularly hard by the disease, and that it followed a meeting between Bernhardt and local communities,…

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IEA
14
May

Oil climbs as IEA reports improving global market outlook

Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving. Futures in New York added as much as 4.4%. Saudi Aramco cut sales to the U.S. and Europe by about half and reduced supplies to at least 12 customers in Asia for June as OPEC and its allies curb daily output by almost 10 million barrels. The…

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OPEC’s Second Largest
06
May

OPEC’s Second Largest Oil Producer Isn’t Complying With Output Cuts

OPEC’s second-largest producer and the biggest cheater in previous production cut deals, faces problems in the new OPEC+ deal as well. Iraq's compliance with the deal is yet again in question, as negotiations with oil majors about which oilfields should cut production continue, even as the historic agreement entered into force nearly a week ago. Iraq hasn’t informed yet its key oil customers about how much the country’s crude exports…

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oil
28
Apr

Demand collapse puts 30,000 UK oil and gas jobs at risk

The UK’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling levels plunge by a third amid the corona virus-led drop-off in investment and slumping energy prices. “The outlook is bleak compared to the picture of steady growth seen only two months ago, before the grip of the pandemic became clear,” industry trade body Oil & Gas UK said in…

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energy
20
Apr

U.S. Energy Exports Top Imports For The First Time Since 1952

Thanks to lower net imports of crude oil and higher net exports of natural gas, the gross U.S. energy exports hit a record-high in 2019, exceeding gross energy imports for the first time since 1952, the Energy Information Administration (EIA) said on Monday. Total gross energy exports from the United States hit an all-time high of 23.6 quadrillion British thermal units (quads) in 2019—a common unit of heat in which the EIA…

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digital
12
Apr

Stress Engineering Services launches new digital flex joint angle monitoring system

Stress Engineering Services, Inc., a leader in consulting engineering services and solutions, has developed a digital flex joint angle measurement system for monitoring real-time drilling operations. The digital flex joint system uses the core technology of the award winning and patented real-time fatigue monitoring system (RFMS) and subsea vibration data logger (SVDL) system; the technology has been leveraged and improved to determine quasi-static and dynamic lower and upper flex joint…

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