Three Native American tribes whose land hosts up to one third of North Dakota’s 1 million BOPD production have asked oil companies to pay royalties on the natural gas they are burning off, or flaring, from oil wells on Indian lands in Fort Berthold. The reservation’s one million acres are home to the Mandan, Hidatsa and Arikara tribes. “The Three
Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player in the Asian chemicals market. The 2,526-hectare site in Pengerang, Johor, is part of the Johor State’s Pengerang Integrated Petroleum
Denver International Airport is unique. From the architecture to the natural lighting, and from the head-scratching sculptures to the scores of strange murals, DIA is a Midwest hub home to thousands of travelers, massive infrastructure, and yes, even conspiracy theories. DIA is also the fifth-busiest airport in the United States and hosted roughly 52.5 million passengers in 2013 alone (approximately
According to the U.S. Bureau of Labor Statistics, the employment of petroleum engineers is expected to grow 26% by 2022 compared to 2012, much faster than the national average or of other engineering jobs. There is a huge shortage of people in the oil and gas industry in the U.S., but Malaysia’s nationalized company, Petronas, has been building its own
Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. The majority of operations are focused on the Cardium tight oil play in Alberta – an area that has boosted production rates tenfold since 2008. Horizontal drilling and hydraulic fracturing has revitalized the region and current estimates place recoverable reserves of the Cardium at
Reuters reported that both ExxonMobil Corporation (ticker: XOM) and Chevron Corporation (ticker: CVX) evacuated their staffs from Iraqi Kurdistan this morning. The employees of the oil giants join several thousand civilians attempting to escape violent Islamic State terrorists, also known as ISIS, who are now within a 30 minute drive of Abril, the Kurdish regional capitol. On June 13, Rupert
A number of oil train derailments and resulting fires over the past year in the U.S. and Canada spurred questions about the volatility risk of U.S. Bakken crude oil being shipped by rail from North Dakota to refineries throughout North America. The U.S. Department of Transportation has proposed new rules for tank car design and introduced revisions to train speed
Hein & Associates LLP, a leading accounting and advisory firm with $50.7 million net revenue, has been named to INSIDE Public Accounting’s (IPA) Top 100 List for 2014. “It is gratifying to again be listed in the IPA Top 100 for 2014,” said Brian Mandell-Rice, Managing Partner of Hein. “I attribute the success of our firm to the dedicated people who
Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day. The shale deposit that now accounts for almost 40% of U.S. shale gas production blew past that milestone and it has now achieved another milestone: natural gas production in the Marcellus region surpassed
Two initiatives targeting Colorado’s oil and gas industry are effectively dead as of yesterday, August 4, 2014. The announcement was a somewhat surprising end to a escalating issue spearheaded by two Democratic officials. Popular sentiment among local and national news outlets is the two sides reached a compromise to not only work through industry regulations in a diplomatic fashion, but
In part of its effort to “wage war on pollution,” as promised by Premier Li Kequiang, China’s shipyards will take upwards of $10 billion in orders for new LNG tankers this decade. Most of this demand is local, according to Choe Young-keun, an executive on the marketing planning team at South Korea’s Samsung Heavy, competitor in the drill ship, liquefied
Ethane, one of the natural gas liquids (NGLs), is a byproduct of natural gas production. Ethane is used as petrochemical feedstock and is key in making polyethylene—plastic. Ethane is also used in the production of products like antifreeze and detergents. Ethane prices in the U.S. have dropped with the abundance of gas coming out of the U.S. shale basins. The
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