New US Fracking Regulations Face Opposition

New US Fracking Regulations Face Opposition

The new fracking rules unveiled by the US federal government last week have already caused quite a stir. Two industry groups reportedly filed a lawsuit within minutes of the announcement.

Keith Schaefer: It’s Not All Bad for Oil

At PDAC Schaefer laid out the positives and negatives surrounding the oil space, noting that in some senses things aren't as bad as they may seem.

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Company News

UGL Wins Santos GLNG Services Contract

UGL announced that it has won a $120 million contract to provide services at Santos' Curtis Island LNG facility.

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Market News

Oil and Gas Industry May Cancel US$1 Trillion of Planned Projects

Financial Post reported that the fall in oil and gas prices worldwide may lead the industry to cancel about US$1 trillion of planned projects globally over the next couple years, according to Amin Nasser, a senior executive at Saudi Aramco.

Netherlands Lower Gas Production Cap for 2015

Economy Watch reported that gas prices will continue to increase in Europe after the Netherlands announced its decision to reduce its production cap for the first half of the year.

US Supply Falls Lower Than Expected, Price Drops

The US Energy Information Administration reported that the country's natural gas supply for the week ending February 20 has declined by 219 billion cubic feet from the previous week.

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