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http://www.bloomberg.com/news/articles/2015-01-29/university-of-texas-endowment-tops-25-billion-surpassing-yale?hootPostID=eda6a49bb4450142bf6b26470b5b13ee "The value of the Texas System’s fund grew 24 percent to $25.4 billion in the year ended June 30, the biggest after Harvard University’s $35.9 billion. Yale’s endowment, which had ranked second since at least 2002, increased 15 percent to $23.9 billion..." Why the massive increases? "Royalty revenue from oil and natural gas reserves on land owned by the University of Texas helped drive the gains..."University of Texas
"The vote presents a huge problem for Democrats hell-bent on regulating fracking and pushing climate policies in that a sizable group of lawmakers are pro-oil and gas development."STUNNING REVOLT: Senate Dems Block Fracking Regulationsdailycaller.comDemocrats turned on one another Wednesday night and voted against an amendment that would have given the federal government the power to regulate hydraulic fracturing, or fracking, occurring on state
What happens when rig count drops? Oil made an 8% rebound today and settled around $53/bbl. The end-of-the-day surge came after Baker Hughes' data reflected a fall of 7% in the number of U.S. rigs drilling for oil. The news of Islamic State militants striking southwest of oil-rich Kirkuk also contributed to today's increase. According to Phil Flynn, analyst at Price Futures Group in Chicago, the rig count drop was far greater than expected, hence the market's response in an upward direction. Baker Hughes' report of the decline in oil drilling rigs is the largest drop s
Pipelines key to growth in shale industry http://ow.ly/I5McrPipelines key to growth in shale industrytriblive.comNatural gas producers struggling with prices that recently hit two-year lows are increasingly looking to pipeline builders for relief. They hope...
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Since October, when the active U.S. land rig count had reached its peak, some 400 rigs have been cut loose by the oil producers struggling to make money in the once-lucrative U.S. shale plays.

U.S. commercial crude oil stocks last week hit their highest level since 1931 - when the opening of giant oil fields in the United States coincided with the Great Depression to create an enormous glut and sent prices tumbling to just 13 cents per barrel.Commercial crude stocks at refineries and tank farms across the country rose to almost 407 million barrels on Jan 23, up from 398 million the week before, according to the U.S. Energy Information Administration (EIA) (link.reuters.com/jax83w).Commercial stocks were the highest since the agency started collecting weekly data in 1982.The paralle
Most ND operators are showing the same game plan during the oil price slump - Cut spending, keep drilling Bakken wells.UPDATE 1-Hess cuts budget by 16 percent, keeps most spending in Bakken | Energy & Oil | Reutersaf.reuters.com(Adds details of budget, stock) By Ernest Scheyder Jan 26 (Reuters) - Oil and natural gas producer Hess Corp cut its capital budget by 16 percent on Monday, saying it has balanced concerns about slipping crude prices with growth projects in places like North Dakota crucial to the company's future.
http://www.breitbart.com/london/2015/01/28/claim-russia-funding-anti-fracking-groups/Claim: Russia Funding Anti-Fracking Groups - Breitbartwww.breitbart.comA report by the US Environmental Policy Alliance has uncovered evidence that tens of millions of dollars are being channelled to environmental groups opposing the fracking industry which is decimating the Russian economy. The funds appear to be part of a
"Instead of working to improve the situation, the federal government is actually standing in the way of new energy infrastructure. Our antiquated permitting process is contributing to delays and bottlenecks."Releasing the Promise of American Natural Gaswww.rollcall.comAmerican natural gas represents one of the greatest and most unexpected success stories of the past century. Only a decade ago, experts feared America was running out of this critical energy resource, and...
The Federal Reserve’s announcement that it will be “patient” in increasing interest rates from record lows contributed to today’s decline in crude prices. The Fed reiterated that no rate increase is impending. Inflation remains significantly below its target rate because of the collapse of energy prices and the strengthening dollar. U.S. crude settled at $44.45 today, its lowest since March, 2009. According to the Energy Information Administration (EIA), U.S. crude stocks rose by 8.9 million barrels last week to approximately 407 million barrels, the highest since recording began in ’82. An
Oil price Are we about to capitulate one might ask Although the market has stayed remarkably stable for all of two weeks the signs are not that good elBadri continues to say that the pain has to beOil price, Shell, Caza, SOCO, Sundry-BP-IGas-Petroceltic- And finally...www.oilvoice.com
What is the Basic qualifications & minimum experience for a off-shore installation manager , how will get OIM- license ??, kindly tell me . my friends-- Any approved training centers near Kuwait ? cost of training & how many days
pl... any one have experience with ONGC-- pl...tellme-what is the future of ONGC& what is status of thier Mumbai high oil&gas field
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In this week’s Oilgram News column, Petrodollars, Song Yen Ling examines the effects of low oil prices on various markets in Asia, ranging from the massive consumption center of China to the rapidly increasing appetite of Indonesia. Oil demand in the Asia-Pacific region is expected to rise by 1.1% this year, edging up marginally from 0.9% growth in 2014, according to Credit Suisse. Asia is benefiting from current low oil prices, as cheaper crude imports for many net oil importing nations will ease fiscal conditions this year.The International Energy Agency is slightly more bullish,
25% of the US land drilling workforce could be cut during 2015 - That's around 25,000 jobs. Now more than ever, O&G companies need to create strategies around better asset utilization.Leading Shale Driller Starts Mass Lay-offs Eliminating Thousands Of US Jobsoilpro.comWednesday afternoon, Upstreamonline reported that Helmerich & Payne has started a round of steep lay-offs that will impact thousands of land drilling crewmen....
We got more PJ Cowboy shirts in! How about a free beer koozie with all orders thru this weekend!! www.oilfieldhats.com
Via Collin Eaton, FuelFix: HOUSTON – The CEO of Helmerich & Payne said the Oklahoma drilling contractor may have to cut 2,000 jobs as hundreds of U.S. land rigs have been taken off the market amid falling oil prices. “Our field employee count is directly proportional to our rig count,” Helmerich & Payne CEO John […]

Spokesman Alan Jeffers said Friday that the Irving, Texas-based oil giant added these protections to comply with federal law.

Investors have a message for suffering U.S. oil drillers: We feel your pain.They’ve pumped more than $1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than $91 a barrel. The cash infusion helped push U.S. crude production to the highest in more than 30 years, according to data compiled by Bloomberg.Now that oil prices have fallen below $45, any euphoria over cheaper energy will be tempered by losses that are starting to show up in investment funds, retirement accounts and bank balance sheets. The bear market has wiped out a total of $393 billion since
Current Price Environment Not Conducive For New Major ProjectsIn the Q&A exchange during Chevron's 4Q14 conference call, CEO John Watson emphasized that the current price environment is not supportive of oil developments of the future which, due to their complexity compared to fields of the past, will require a higher price paradigm. "At the cost levels we see today, I see very few major oil projects going forward...Now costs can adjust, fiscal terms can adjust, and so it's hard to speak definitively about a very long period of time, but it's very clear that the incremental barrels are co
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At 12:01 a.m. Sunday, contracts covering 30,000 workers at refineries, pipelines, oil terminals and petrochemical plants nationwide —including about 5,000 in Houston — are set to expire.

Total has signed a new 40year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi United Arab Emirates and the Abu Dhabi National Oil Company ADNOC granti
The International Monetary Fund said earlier this week that losses from lower exports are likely to drain $300 billion from economies in the Middle East and Asia this year, as nations in the regions suffer the impact of lower oil prices. Nearly every exporting country in the two regions will run a fiscal deficit in 2015, the agency said. Credit: IMFCountries that are especially dependent on oil exports, including Iraq, Libya, Qatar and Saudi Arabia, will be affected most by the fall in prices, the IMF said. And the falling prices will not immediately translate into gains for oil importers in
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Gail India has announced that its LPG recovery plant at Lakwa, Assam would be converted to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata near Dibrugarh
A prominent oil economist says Texas could lose 50,000 upstream jobs as a result of low oil prices.

Japan’s Inpex has said today it will transfer a 10% share in the Deepwater Block R, offshore Malaysia, to Australia’s Santos.Santos also separately agreed to acquire a 10% participating interest in the block from JX Nippon Oil & Gas Exploration bringing its total participating interest in the Block to 20%.Inpex owns a 37.5% participating interest, including the part to be transferred to Santos in the block, where it conducts exploration activities alongside operator JX and Petronas.The block located in offshore Sarawak, Malaysia, covers an area of 672km2 with a water depth ranging from 10
Exterran Holdings Inc. NYSEEXH today announced that it has signed two agreements related to projects in Bolivia and Brazil. The first signed on Oct. 31 2014 is a sixyear compression services c
Where can I purchase a map of the Gulf of Mexico that has all the current lease blocks?
With all the bad news lately, I thought it would be a good idea to take a breather and enjoy some "oil adventures." Here are three videos of "oil rig diving" off Louisiana, Texas and California coasts. Go undersea and see the majesty of these offshore wonders: Here's what it's like "Blue Water Diving" on the oil rigs off the Louisiana coast's Grand Isle. Here's a quick look at what it's like to dive off the oil rigs in Southern California:And here's a GoPro video of friends scuba diving an oil rig off the Texas coast. The forecast was for still seas...But that was, well, inaccurate.
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UOP LLC, a Honeywell company, has announced that China has commissioned the first of 14 planned propylene production units using technology from Honeywell’s UOP to help close the global supply and demand gap for the key plastic building block
U.S. oil surged $3.18 to $47.71 a barrel.
Oil prices will have to fall to near $30/barrel before production in North Dakota ceases, according to new analysis by the North Dakota Department of Minerals House Appropriations Committee.
Rice University analysts weigh-in on the reasons for the drop in crude oil prices, where prices could to end up, and how the US became a swing supplier of crude oil.

Atlantic Petroleum NASDAQ OMX Copenhagen ATLA DKK Oslo Stok Exchange ATLA NOK today announces that the Company will relocate its finance function to Bergen and close down the Torshavn office. I
During this industry downturn you may have worried, prayed, or lost sleep wondering when and where your next paycheck will come from, but I bet what you haven't done yet is smiled, laughed, and sang about it. Until now...So crank up your volume and listen to this old oilfield cowboy call it like he sees it.We think the above video "Boom or Bust" by Wes St. Jon, "The Oilfield Cowboy" is more relatable now than ever. In a succinct 3 minutes and 45 seconds, Wes sums up perfectly what so many are going through in the oilfield right now. Wes sings about how quickly a booming oil patch (filled with
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BASF is further strengthening its production footprint in Asia Pacific with the start-up of its first production plant for polymer dispersions in Pasir Gudang, Malaysia




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