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Oil and natural gas developer Linn Energy suspends distribution

Linn Energy LLC said that its board approved a proposal to suspend Linn’s distribution and dividend at its affiliate LinnCo as of September 30th. The company said in a statement that “Linn’s board of directors will evaluate the company’s ability ...

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Prioritising Arctic oil and natural gas

The American Petroleum Institute (API) has encouraged Congress and regulators to prioritise Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy. Arctic oil and natural gas “Arctic oil and ...

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Presalt oil and natural gas provide increasing share of Brazil’s production

According to the US Energy Information Administration (EIA), in 2013 Brazil produced 2.0 million bpd of crude oil and nearly one trillion ft3 of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers ...

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US Steel to lay off 636 workers in Ohio

United States Steel will lay off 636 workers as part of a temporary idling of its Lorain Tubular Operations. Low gas prices and a decrease in global oil exploration have led to declining demand for the plant, which makes oil ...

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Presalt oil and natural gas provide increasing share of Brazil’s production

According to the US Energy Information Administration (EIA), in 2013 Brazil produced 2.0 million bpd of crude oil and nearly one trillion ft3 of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers ...

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Russia oil and natural gas sales

According to the US Energy Information Administration (EIA), sales of crude oil, petroleum products and natural gas accounted for 68% of Russia’s total export revenues in 2013, based on data from Russia’s Federal Customs Service. Russia received almost four times ...

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