Industry Insights

The US drilling rig count began February with its largest decline in nearly 11 months, plunging 48 units to 571 during the week ended Feb. 5, according to data from Baker Hughes Inc. Source: News

Mark A. Plake has been named president of Holly Logistic Services LLC, the ultimate general partner of Holly Energy Partners, Dallas. Source: News

Far less oil production has been shut in worldwide than generates negative cash flow because of the slump in crude oil prices, reports Wood Mackenzie. Source: News

Nagarjuna Oil Refinery Ltd. (NORL) has ended discussions with Netoil (Singapore) (Pte.) Ltd. for the sale of its interest in subsidiary Nagarjuna Oil Corp. Ltd. (NOCL) in a deal that would have advanced the long-stalled construction of NOCL’s planned 6 million-tonne/year refinery at Cuddalore, Tamil Nadu, about 180 km south of Chennai, India, on the […]

The Pennsylvania Environmental Quality Board (EQB), an independent entity responsible for adopting environmental regulations, approved revisions to the commonwealth’s oil and gas drilling regulations by a 15-4 vote, the Department of Environmental Protection announced in Harrisburg. The Feb. 3 action drew immediate fire from the Pennsylvania Independent Oil & Gas Association (PIOGA). Source: News

For the oil and gas industry, whatever room for compromise might once have existed in the politics of climate change has vanished. President Barack Obama demolished it. Source: News

A unit of China National Petroleum Corp. has delivered the first of more than 20 engineering packages for the Yamal LNG project in northern Russia. Source: News

Linn Energy LLC, Houston, said on Feb. 4 that it’s exploring “strategic and financial alternatives” to improve the firm’s capital structure and long-term outlook in the midst of the prolonged crude oil price slump. Source: News