WorldOil Chevron, Linn ordered to shut California wells on water concerns California regulators ordered oil drillers including Chevron and Linn Energy to halt operations at 12 injection wells in the state because of concerns they may taint groundwater. Oil production in federal GoM expected to continue increasing: EIA Because of the long timelines associated with Gulf of Mexico (GoM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GoM crude oil production through 2016. Halliburton opens new Integrated Completions Center in Louisiana Halliburton officially opened its new Integrated Completions Center (ICC) in New Iberia on February 26, 2015. Halliburton introduces Quasar Pulse M/LWD service Sperry Drilling, a Halliburton business line, announced the release of Quasar Pulse Service, the only M/LWD service capable of operating in harsh environments up to 392°F and 25,000 psi. Magnetrol expands company sites on three continents Magnetrol International, Inc., has recently expanded and opened several key locations: Aurora, Ill., Zele, Belgium, and Dubai, UAE. Russia billionaire draws on Red Army service to predict $100 oil When Leonid Fedun first studied the oil market in 1978, he was a young officer in the Red Army asked to research the impact of prices on NATO forces. More than three decades later, the billionaire shareholder in Russia’s second-largest oil company is still at it. Oil exports could sustain benefits of U.S. energy renaissance, ConocoPhillips CEO says ConocoPhillips Chairman and CEO Ryan Lance delivered an energy policy speech at the U.S. Chamber of Commerce Tuesday that appealed to the congressional and executive branches of federal government to lift the outdated and economically constraining national ban on crude oil exports. Anadarko cuts 2015 budget by a third, reduces rigs THE WOODLANDS, Texas – Anadarko Petroleum Corp. has cut its planned capital expenditure for 2015 to $5.4 billion to $5.8 billion, about 33% less than last year, the company announced Tuesday. UK’s Forum Energy granted force majeure amid China, Philippines dispute Forum Energy confirmed Monday that the Philippine Department of Energy had granted a force majeure on Service Contact 72 because this contract area falls within the territorial disputed area of the West Philippine Sea, which is the subject of a UN arbitration process between the Philippines and China. Glencore sees ‘blowout’ year for oil traders as volatility surges Glencore Plc, the world’s biggest listed commodities trader, said 2015 could be a boom year for oil amid the biggest price swings in six years. PetroShare acquires acreage in Wattenberg field CENTENNIAL, Colorado -- PetroShare Corp. announced Monday that under its strategic land and leasing services agreement with Kingdom Resources, LLC, it has accepted an assignment of approximately 309 net acres covering all depths in parts of Township 1 South, Range 67 West, Adams County, Colorado.