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News Briefs: US Energy Secretary Sees Oil Market Coming into Balance
Ernest Moniz, the U.S. energy secretary, says he sees the global oil market coming into balance over the next year as rising demand catches up with a 2-year-old supply glut that lowered…
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News Briefs: District Judge Stops Fracking Rule
A U.S. District Court judge in Wyoming ruled that the Department of the Interior and the Bureau of Land Management do not have authority to regulate fracking on federal and tribal…
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News Briefs: Rig Count Continues to Rise
For the third straight week, the number of rigs seeking oil and natural gas increased, according to oilfield services company Baker Hughes in data released June 17.
The rig count…
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News Briefs: Rig Count Rises Second Straight Week
The number of rigs seeking oil and natural gas rose by six to 414 last week, according to oilfield services company Baker Hughes on June 10. It’s the second straight week the rig count…
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News Briefs: Rig Count Stays Even
The number of rigs seeking oil and natural gas in the U.S. last week stayed even at 404, according to data released by oilfield services company Baker Hughes on May 27.
The number…
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News Briefs: Wildfires Put a Stop to Oil Output in Canada
The wildfire that raged near Fort McMurray in Alberta knocked out as much as one-third of Canada’s daily crude capacity and closed some pipelines, according to Reuters news service.
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News Briefs: Halliburton, Baker Hughes Scrap Proposed Merger Deal
Oilfield service companies Halliburton and Baker Hughes announced the termination of their $28 billion merger deal after facing growing opposition from antitrust regulators. The…
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News Briefs: Man Injured in Dickinson Shooting Incident
A 59-year-old man was injured in his home on April 30 when a stray bullet from a nearby shooting passed through the wall of his trailer home in Dickinson, North Dakota.
Multiple…
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News Briefs: Halliburton, Schlumberger Cut Jobs in First Quarter
Halliburton cut more than 6,000 jobs during the first quarter of 2016, according to its first quarter operations update the company released on April 22.
Since late 2014, the…
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News Briefs: OPEC Ends Meeting Without Agreement
Some of the world’s largest oil producing countries ended talks late April 17 without an agreement on whether to cap production, amid tensions between Iran and Saudi Arabia.
Members…