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April 14, 2016

Alberta election results

Mullen Group CEO Blames Horizontal Multistage Frac Technology for Low Oil Prices, Layoffs

April 14, 2016

Trucking CEO Predicts an Alternative to the Combustion Engine is Coming in His Lifetime At Truck World 2016, Canada’s national truck show that opened in Toronto today, Canada’s Mullen Group (ticker: MTL; Mullen-Group.com) CEO Murray K. Mullen gave an interesting perspective during a breakfast talk. Due to the oil downturn, in Canada, “100,000 jobs, $60 billion in earnings, and $33 billion

Demand Cools: IEA Oil Market Report Has Demand Growth Slowing 0.6 MMBOPD

April 14, 2016

Production outside of OPEC has started to show more significant signs of rolling over recently, with U.S. production falling below 9.0 MMBOPD for the first time since 2014. Global oil supplies fell 0.3 MMBOPD in March to 96.1 MMBOPD, according to information from the IEA. Along with the fewer supplies is slowing demand growth as well, though, said the IEA.

GOM Drilling: Federal Government Proposes New Offshore Regulations

April 14, 2016

New offshore regulations targeted at preventing emergency situations like BP’s Macondo come with $31-billion price tag: API The Obama administration will issue new regulations for offshore oil and gas operators this Thursday. The regulations will require more preventative measures to be used in offshore oil wells in order to avoid blowouts like the one that took place at BP’s (ticker:

graphene - Oil & Gas 360

Will Graphene Change the Oil & Gas Industry?

April 14, 2016

Graphene: Is it the Material of the Century? Engineering.com called graphene “the wonder-material of the 21st century.” “Comprised of a single layer of carbon atoms, graphene is stronger than diamond, yet a million times thinner than a human hair. It is stretchable, transparent, super-conductive and can filter gases and liquids at the molecular level.” Graphene being described as ‘transparent carbon’ is reminiscent of a scene

Oil Glut Creates $7.5 Billion Traffic Jam at Sea

April 14, 2016

Around 200 million barrels of crude sits in tankers offshore waiting to be delivered “If you’ve bought 100,000 barrels of crude at $40 (per barrel) that’ll cost you $4 million,” said one oil trader. “And if you’ve calculated another 1.5 million bucks for a month’s worth of shipping, but you end up paying double that because your ship is stuck

Oil & Gas 360 Exploration & Production

U.S. Oil Production Dips Under 9 MMBOPD for the First Time Since 2014

April 14, 2016

U.S. crude inventory build was big, but oil prices remain above $40 per barrel Crude oil inventories grew by 6.6 million barrels, far surpassing economist estimates which averaged just 733 thousand barrels for the week ended April 8, 2016. The build brought total U.S. inventories to 536.5 MMBO after a surprise weather-related draw last week. Oil prices fell on the

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