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Monday, September 28, 2015

Petroleum News Bakken Suspended For The Time-Being? -- September 28, 2015

It looks like the suspension occurred in July, 2015. Petroleum News is based out of Alaska, I believe.



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More Story Lines From Shell Calling It Quits In The Arctic

Oil & Gas Journal is reporting:
... the move “reinforces the idea that conventional drilling is fading fast and nonconventional is not going to fall by the wayside.” 
Investment in conventional drilling is waning in not only the US but around the world, ... Shell’s projects “in other areas of the world may also be dragging down their capital. 
“In areas such as the North Sea and Nigeria, we have production that remains viable, but at a loss to find consumers.”
“America was once the largest consumer of said areas, but has since dropped Nigerian crude imports to about 50,000 b/d this year,” he said. “That alone is a significant decline from 2012 when Nigeria was supplying the US with over 1 million b/d.”
Another shift in the import-export picture comes by way of US refinery utilization and production, which have hit record levels this year.
America once was a major gasoline importer, mainly from Europe, and now has cut that number in half from peaks seen prior to 2011."
“The business about production in Alaska and the Arctic has always been a political hotbed,” he added. “As we head into the 2016 presidential elections, Keystone may not be the only oil-related argument on the table.”
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Meanwhile In Afghanistan

Being reported now:
The AP and New York Times, in reports on the fall of Kunduz, Afghanistan, describes it as a significant win for the Taliban. It marks the first time the Taliban has captured a major Afghan city since 2001.
Meanwhile, the President continues to talk about global warming with the Chinese.

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