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STAVANGER, Norway -- A fire reported on June 28 at Statoil’s onshore Eisenbarth well pad in Monroe County, Ohio has been extinguished but follow-up work is continuing. The fire involved equipment at the location. The fire was limited to surface equipment, and none of the wells have been on fire. A Statoil well inspection team on site reported yesterday, June 29, that all wells are secure and are shut-in.
NEW YORK (Bloomberg) -- Royal Dutch Shell Plc Chairman Jorma Ollila will join Perella Weinberg Partners, the New York-based boutique investment bank, as an advisory partner as his term at the oil company approaches an end.
IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. said thunderstorms caused a tank fire June 27 and an oil spill today, June 29, at the Mobil Producing Nigeria Qua Iboe Terminal it operates in Akwa Ibom state.
HOUSTON (Bloomberg) -- Rigs targeting oil and natural gas in the U.S. rose by 15 this week to 1,873, according to Baker Hughes Inc. Oil rigs rose by 13 to 1,558, data posted on the company’s website show. The gas count increased by 3 to 314, the Houston-based field services company said.
HOUSTON (Bloomberg) -- Rigs targeting oil and natural gas in the U.S. rose by 15 this week to 1,873, according to Baker Hughes Inc. Oil rigs rose by 13 to 1,558, data posted on the company’s website show. The gas count increased by 3 to 314, the Houston-based field services company said.
CALGARY, Alberta -- Encana has reached an agreement with Calgary, Alberta-based Jupiter Resources to sell its Bighorn assets for approximately $1.8 billion (C$2.0 billion). The sale includes approximately 360,000 net acres of land along with Encana' s working interests in all pipelines, facilities and service arrangements.
CALGARY, Alberta -- Encana has reached an agreement with Calgary, Alberta-based Jupiter Resources to sell its Bighorn assets for approximately $1.8 billion (C$2.0 billion). The sale includes approximately 360,000 net acres of land along with Encana' s working interests in all pipelines, facilities and service arrangements.
COLUMBUS, Indiana -- Cummins Inc. has announced that Steve Charlton, V.P. and CTO - Engine Business, plans to retire from Cummins effective July 1. The company also announced that Jennifer Rumsey has been named V.P., Engineering for the Engine Business, succeeding Charlton.
Encana sells Bighorn gas assets to Apollo as part of shift to oil production JIM POLSON CALGARY (Bloomberg) Encana, Canada’s largest natural gas producer, is selling its Bighorn assets in Alberta to Apollo Global Management for about $1.8 billion as
NEW YORK -- Elsevier has announced the launch of Geofacets Connector for Schlumberger Petrel and Studio. Geofacets Connector for Petrel and Studio integrates hundreds of thousands of maps and associated papers seamlessly with the Petrel platform’s analysis and workflow tools.
NEB approves 2D seismic survey in Baffin Bay and Davis Strait CALGARY, Alberta The National Energy Board (NEB) has approved a Geophysical Operations Authorization (GOA) application from TGS NOPEC Geophysical Company (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest (MKI)
Strata X Energy Rohweder well encounters Oil and Gas shows, Sleeping Giant Gas Project EDMONTON, Alberta The Directors and management of Strata X Energy said that the company has completed drilling operations on the Rohweder #1 11 well, the company’s
Comstock reports drilling results of Eagle Ford Shale well FRISCO, Texas Comstock Resources reported the results of its first well drilled in its East Texas extension of the Eagle Ford Shale in Burleson County, Texas. The Henry A #1H well
Weatherford inaugurates Katy, Texas rod pump facility PRAMOD KULKARNI, Editor KATY, Texas – In response to growing demand for artificial lift solutions in the North American shale plays, Weatherford has built a 354,000 sq ft manufacturing facility and world class
FORT MCMURRAY, Alberta (Bloomberg) -- Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry. Canada should establish a price for carbon emissions to show it’s addressing climate change and to give President Barack Obama political “cover” to approve TransCanada Corp.’s $5.4 billion project, Trudeau, leader of Canada’s Liberal Party said in an interview in Fort McMurray, Alberta.
NEW YORK (Bloomberg) -- Rising U.S. shale gas production is driving fear out of the futures market, says Goldman Sachs Group Inc., and will constrain prices for the next two decades. Gone will be the near tripling of costs to $15.78 as in 2005 as traders remain confident the fuel will be there when needed. Natural gas will trade “largely” at $4 to $5 per million British thermal units for the next 20 years, says Goldman Sachs.
Cooper Energy spuds Fishery 1 ADELAIDE, Australia Cooper Energy reported that Fishery 1, the second well of the current three well exploration campaign in PEL 92, spudded on 21 June, 2014. The well is at a depth of 696.5 m,
GE supplying PEMEX with Pressure Control Equipment for new oilfield wells in GoM MEXICO CITY, Mexico GE Oil & Gas reported that it will provide vital surface equipment to PEMEX for use at its offshore project in the Ayatsil heavy
U.S. oil export shift prompts second look at eligible shipments ZAIN SHAUK and DAN MURTAUGH HOUSTON, Texas (Bloomberg) The United States could allow about 750,000 bpd of light crude oil to be exported, based on a new government stance defining
Sales of U.S. oilfield gear to Russia said to face restrictions DAVID WETHE and KASIA KLIMASINSKA MOSCOW, Russia (Bloomberg) Sales of oilfield gear ranging from 60 foot tall drilling rigs to electric pumps could be covered by the next round
AUSTIN – The United States Coast Guard (USCG) has recognized Polar Tankers, Inc., a ConocoPhillips subsidiary, with the Rear Admiral William M. Benkert Osprey Award for Environmental Excellence.
NEW YORK (Bloomberg) -- West Texas Intermediate crude traded near $106 a barrel after a government report showed that U.S. stockpiles unexpectedly increased. Brent dropped as Iraq pledged to increase production and exports. Crude supplies rose 1.74 MMbbl to 388.1 million last week, the Energy Information Administration said.
CHEBOYGAN, Michigan (Bloomberg) -- Chesapeake Energy Corp., already facing antitrust claims in Michigan over bids on gas exploration rights, pleaded not guilty to charges that it lied to landowners about leases it took out on their property. Representatives of the Oklahoma City-based company entered the plea to racketeering and fraud charges today, June 25, in Michigan state court in Cheboygan.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Aubrey McClendon, the U.S. shale wildcatter who’s raised $10 billion in capital since getting fired from Chesapeake Energy Corp. last year, acquired a stake in an Oklahoma pipeline project. An affiliate of McClendon’s American Energy Partners LP contributed natural gas lines in exchange for a minority interest in Tall Oak Midstream LLC’s planned 250-mi pipeline and processing network, Oklahoma City-based Tall Oak said in a Business Wire statement.
HOUSTON -- While the U.S. upstream industry is busy with yet another year of heavy activity, particularly drilling related to shale oil development, another action is underway that is related to the supply and cost of pipe for these projects. Not receiving much publicity, but proceeding on its own timeline, is a trade case launched by a number of U.S. pipe manufacturers, alleging that South Korean firms are illegally dumping large amounts of oil country tubular goods (OCTGs) on the U.S. market at abnormally low prices.
WASHINGTON, D.C. (Bloomberg) -- The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned most overseas petroleum shipments for the past four decades. The department widened its definition of what’s traditionally been considered a refined product eligible for shipping to customers abroad. That means more of the oil being pumped from U.S. shale formations may be eligible for export after being run through small-scale processing units.
ASKER, Norway -- TGS will commence acquisition of a new multi-year, multi-client 2D program offshore northeast Greenland. The project will be fulfilled over a maximum of four seasons, bringing TGS' total multi-client database in northeast Greenland to more than 36,000 km. Data acquisition for the first season will commence in August 2014.
New executive leaders appointed for Borets HOUSTON, Texas Borets, has appointed several executive level professionals to lead Borets, United States. Keith Russell has been named President of Borets, United States and Jeremie Alley as Global Marketing Manager, in Houston and
BATS Wireless reports solution driven technology to enhance Broadband FPSO communications INDIANAPOLIS, United States BATS Wireless, reported development of enhanced technology that focuses on solving the connectivity problems that frequently plague the energy market utilizing deep and ultra deepwater FPSO,
Halliburton releases CYPHERSM 2.0 Seismic to Stimulation service HOUSTON, Texas Halliburton reports the release of the CYPHERSM 2.0 Seismic to Stimulation Service, a proprietary and collaborative workflow that links geoscience and reservoir, drilling, and completion engineering to allow operators to
COLUMBUS, Indiana -- Cummins Inc. has announced that Steve Charlton, V.P. and CTO - Engine Business, plans to retire from Cummins effective July 1. The company also announced that Jennifer Rumsey has been named V.P., Engineering for the Engine Business, succeeding Charlton.
Encana sells Bighorn gas assets to Apollo as part of shift to oil production JIM POLSON CALGARY (Bloomberg) Encana, Canada’s largest natural gas producer, is selling its Bighorn assets in Alberta to Apollo Global Management for about $1.8 billion as
NEW YORK -- Elsevier has announced the launch of Geofacets Connector for Schlumberger Petrel and Studio. Geofacets Connector for Petrel and Studio integrates hundreds of thousands of maps and associated papers seamlessly with the Petrel platform’s analysis and workflow tools.
NEB approves 2D seismic survey in Baffin Bay and Davis Strait CALGARY, Alberta The National Energy Board (NEB) has approved a Geophysical Operations Authorization (GOA) application from TGS NOPEC Geophysical Company (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest (MKI)
Strata X Energy Rohweder well encounters Oil and Gas shows, Sleeping Giant Gas Project EDMONTON, Alberta The Directors and management of Strata X Energy said that the company has completed drilling operations on the Rohweder #1 11 well, the company’s
Comstock reports drilling results of Eagle Ford Shale well FRISCO, Texas Comstock Resources reported the results of its first well drilled in its East Texas extension of the Eagle Ford Shale in Burleson County, Texas. The Henry A #1H well
Weatherford inaugurates Katy, Texas rod pump facility PRAMOD KULKARNI, Editor KATY, Texas – In response to growing demand for artificial lift solutions in the North American shale plays, Weatherford has built a 354,000 sq ft manufacturing facility and world class
FORT MCMURRAY, Alberta (Bloomberg) -- Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry. Canada should establish a price for carbon emissions to show it’s addressing climate change and to give President Barack Obama political “cover” to approve TransCanada Corp.’s $5.4 billion project, Trudeau, leader of Canada’s Liberal Party said in an interview in Fort McMurray, Alberta.
NEW YORK (Bloomberg) -- Rising U.S. shale gas production is driving fear out of the futures market, says Goldman Sachs Group Inc., and will constrain prices for the next two decades. Gone will be the near tripling of costs to $15.78 as in 2005 as traders remain confident the fuel will be there when needed. Natural gas will trade “largely” at $4 to $5 per million British thermal units for the next 20 years, says Goldman Sachs.
Cooper Energy spuds Fishery 1 ADELAIDE, Australia Cooper Energy reported that Fishery 1, the second well of the current three well exploration campaign in PEL 92, spudded on 21 June, 2014. The well is at a depth of 696.5 m,
GE supplying PEMEX with Pressure Control Equipment for new oilfield wells in GoM MEXICO CITY, Mexico GE Oil & Gas reported that it will provide vital surface equipment to PEMEX for use at its offshore project in the Ayatsil heavy
U.S. oil export shift prompts second look at eligible shipments ZAIN SHAUK and DAN MURTAUGH HOUSTON, Texas (Bloomberg) The United States could allow about 750,000 bpd of light crude oil to be exported, based on a new government stance defining
Sales of U.S. oilfield gear to Russia said to face restrictions DAVID WETHE and KASIA KLIMASINSKA MOSCOW, Russia (Bloomberg) Sales of oilfield gear ranging from 60 foot tall drilling rigs to electric pumps could be covered by the next round
AUSTIN – The United States Coast Guard (USCG) has recognized Polar Tankers, Inc., a ConocoPhillips subsidiary, with the Rear Admiral William M. Benkert Osprey Award for Environmental Excellence.
NEW YORK (Bloomberg) -- West Texas Intermediate crude traded near $106 a barrel after a government report showed that U.S. stockpiles unexpectedly increased. Brent dropped as Iraq pledged to increase production and exports. Crude supplies rose 1.74 MMbbl to 388.1 million last week, the Energy Information Administration said.
CHEBOYGAN, Michigan (Bloomberg) -- Chesapeake Energy Corp., already facing antitrust claims in Michigan over bids on gas exploration rights, pleaded not guilty to charges that it lied to landowners about leases it took out on their property. Representatives of the Oklahoma City-based company entered the plea to racketeering and fraud charges today, June 25, in Michigan state court in Cheboygan.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Aubrey McClendon, the U.S. shale wildcatter who’s raised $10 billion in capital since getting fired from Chesapeake Energy Corp. last year, acquired a stake in an Oklahoma pipeline project. An affiliate of McClendon’s American Energy Partners LP contributed natural gas lines in exchange for a minority interest in Tall Oak Midstream LLC’s planned 250-mi pipeline and processing network, Oklahoma City-based Tall Oak said in a Business Wire statement.
HOUSTON -- While the U.S. upstream industry is busy with yet another year of heavy activity, particularly drilling related to shale oil development, another action is underway that is related to the supply and cost of pipe for these projects. Not receiving much publicity, but proceeding on its own timeline, is a trade case launched by a number of U.S. pipe manufacturers, alleging that South Korean firms are illegally dumping large amounts of oil country tubular goods (OCTGs) on the U.S. market at abnormally low prices.
WASHINGTON, D.C. (Bloomberg) -- The U.S. Commerce Department opened the door to more U.S. oil exports as long as the crude is lightly processed, tempering the impact of a law that’s banned most overseas petroleum shipments for the past four decades. The department widened its definition of what’s traditionally been considered a refined product eligible for shipping to customers abroad. That means more of the oil being pumped from U.S. shale formations may be eligible for export after being run through small-scale processing units.
TGS to begin new multi year, multi client project Northeast Greenland ASKER, Norway TGS will commence acquisition of a new multi year, multi client 2D program offshore Northeast Greenland. The project will be fulfilled over a maximum of four seasons,
WTI Crude jumps after WSJ report on U.S. condensate oil exports BEN SHARPLES TEXAS (Bloomberg) West Texas Intermediate crude gained for the first time in three days after the Wall Street Journal said the Obama administration has cleared the way
New executive leaders appointed for Borets HOUSTON, Texas Borets, has appointed several executive level professionals to lead Borets, United States. Keith Russell has been named President of Borets, United States and Jeremie Alley as Global Marketing Manager, in Houston and
BATS Wireless reports solution driven technology to enhance Broadband FPSO communications INDIANAPOLIS, United States BATS Wireless, reported development of enhanced technology that focuses on solving the connectivity problems that frequently plague the energy market utilizing deep and ultra deepwater FPSO,
Halliburton releases CYPHERSM 2.0 Seismic to Stimulation service HOUSTON, Texas Halliburton reports the release of the CYPHERSM 2.0 Seismic to Stimulation Service, a proprietary and collaborative workflow that links geoscience and reservoir, drilling, and completion engineering to allow operators to
EY Reserves Report More reserves and rebounding profits for U.S. oil and gas HOUSTON — EY’s seventh annual US oil and gas reserves study reveals multiple indicators that the U.S. oil and gas industry is emerging from years of volatility
NEW YORK (Bloomberg) -- More oil and natural gas company executives believe the U.S. will be able to satisfy its energy needs without having to rely on other countries by 2030, a KPMG International survey shows. Seventy-three percent of energy executives surveyed by KPMG say the U.S. can become energy independent within the next 16 years or sooner. That’s up 10 percentage points from its 2013 survey, according to the audit, tax and advisory services firm.
STAVANGER, Norway -- The Norwegian Petroleum Directorate has granted Tullow Oil Norge AS a drilling permit for well 31/10-1. The well will be drilled from the Borgland Dolphin drilling facility after the wildcat well 6507/5-7 for E.ON E&P Norway AS in production license 558 has been concluded.
HOUSTON -- ZEiTECS has announced the world’s first rigless installation and retrieval of the NAUTILUS ESP, a cable-deployed electric submersible pump system (ESP), in a customer well in West Texas. The system was deployed on December 19, 2013, and ran for 139 days until planned shutdown on May 7; the system was retrieved successfully on May 9.
Greene' s Energy Group names Terry Hatcher Vice President of Human Resources HOUSTON, Texas Greene’s Energy Group, has named Terry Hatcher vice president of human resources. Based in Houston, Hatcher will be responsible for strategic human resource planning, employee relations, and
Grinchor hired to Circulation Solutions Sales team HOUSTON, Texas Circulation Solutions, has appointed Zachary Grichor to its corporate sales team in the drilling fluids division. Grichor will be responsible for corporate sales for the Houston and San Antonio regions. Utilizing
GREENWOOD VILLAGE, Colorado (Bloomberg) -- The U.S. government wants to sell a naval petroleum reserve field first set aside by presidential decree 99 years ago to ensure fuel supplies for American warships. The Energy Department is seeking bids for the Teapot Dome field north of Casper, Wyoming, by Sept. 30, according to an offering document published on the website of Meagher Energy Advisors Inc.
LINCOLN, Nebraska (Bloomberg) -- Nebraska landowners opposed to the proposed $5.4 billion Keystone XL pipeline urged the state’s highest court to uphold a judge’s ruling invalidating the route mapped by Governor Dave Heineman and TransCanada Corp. The property owners urged the state Supreme Court to uphold a February ruling effectively blocking the pipeline. Judge Stephanie Stacy in Lincoln declared TransCanada a common carrier like a railroad. As such, a 2012 law giving the governor control over the path violated a part of the state constitution vesting power in the Public Service Commission.
HOUSTON -- Parker Drilling Company has announced the resignation of Peter C. Wallace from the company' s board of directors.
HOUSTON -- NuPhysicia, Inc., a global telemedicine technology and care provider, announced that it will deploy telemedicine and electronic medical records (EMR) throughout Canadian locations with its latest partner, Atlantic Offshore Medical Services (AOMS).
MONTREAL, Quebec (Bloomberg) -- SNC-Lavalin Inc., Canada’s largest engineering company, agreed to buy Kentz Corp. for 1.16 billion pounds ($1.97 billion) to expand in the oil and gas industry.
Ecana completes $ 3.1 bn oil rich Eagle Ford acquisition CALGARY, ALBERTA Encana has completed the previously reported acquisition of approximately 45,500 net acres located in Karnes, Wilson and Atascosa counties of south Texas from Freeport McMoRan. Situated in the
CoreLogic reports the availability of new land records management solution IRVINE, California CoreLogic introduced a new land records management solution that is the first single source of location information and property characteristics data for the oil & gas, utilities and
Foster Marketing expands Houston team HOUSTON, Texas Foster Marketing, has named Kathleen Murrill as public relations account executive and Alex Mouton as digital associate, President Tiffany Harris said. Murrill will enhance Foster Marketing’s public relations abilities as a member of
Bordelon Marine celebrates 35 years of excellence in Marine Services LOCKPORT, United States Bordelon Marine celebrates its thirty fifth anniversary this year, and continues a tradition of excellence that has been the company’s hallmark from its inception in 1979. Throughout
Oil gains on escalating Iraq violence as U.S. warns of spillover BEN SHARPLES TEXAS (Bloomberg) West Texas Intermediate rose and Brent gained as insurgents fighting Iraqi forces seized more territory and President Barack Obama warned that advances by militants may
PARIS -- CGG has announced that, in addition to the first two 508XT systems being delivered to the industry this month, Sercel has also sold a system to PanAmerican Geophysical for delivery in July. The system' s X-Tech architecture allows it to combine the benefits of both cable and cable-free systems in a single platform.
CALGARY, Alberta --- Suncor Energy and five industry partners have announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor' s Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as significantly enhance existing technologies.
Eni grabs 25,000 bpd from oil field in arctic Alaskan waters Milan, Italy Eni has achieved the important production goal of 25,000 bpd at the Nikaitchuq field, in which the company is operator with a 100% interest. The field, located
Shale boom in U.S. curbs impact of Iraq unrest, Saleri says MARK SHENK Washington, United States (Bloomberg) The United States shale boom, which has sent the nation’s output to a 28 year high, is curbing the impact of the Iraq
BOEM confirms award of 21 offshore blocks in GoM to GulfSlope HOUSTON, Texas GulfSlope Energy reported that the company has received notice of award and has completed all requirements for 21 offshore lease blocks for which it was the high
PARIS -- CGG reported the release of the Fast Trax processed data from its Deux multi-client survey covering 357 blocks in the Gulf of Mexico. The seismic images have been delivered on schedule less than seven months after completion of the survey.
Brent oil climbs to nine month high on Iraq, but WTI drops due to oversupply MARK SHENK LONDON (Bloomberg) Brent oil rose to a nine month high as Iraqi forces battled extremists north of Baghdad. West Texas Intermediate fell, widening
World Bank to ask oil companies to stop flaring gas by 2030 EDUARD GISMATULLIN WASHINGTON D.C. (Bloomberg) The World Bank will urge producers of oil to stop flaring natural gas by 2030, saying the amount of fuel wasted in the
HOUSTON -- Bright Automation, a designer and manufacturer of monitoring and control products, has introduced a fully solar-powered wireless load cell designed for use on pumping units. The Bright Wireless Load Cell has a fully solar-powered battery, transmitting data via a 2.4-GHz wireless digital communication protocol.
Signet Maritime expands Tug Fleet HOUSTON, Texas Adding to its fleet of 37 conventional and ASD vessels, Signet Maritime took ownership of its ninth newly constructed tractor tug in six years. SIGNET ARCTURUS, a 105’ x 38’ Z Drive, designed
CALGARY, Alberta -- Suncor Energy has announced the appointment of Alister Cowan as Eexecutive V.P. and CFO. The appointment is effective from July 21. Cowan comes to Suncor from Husky Energy, where he had been CFO since 2008.
ION Geophysical acquires OceanGeo ocean bottom seismic HOUSTON ION Geophysical has entered into an agreement to increase to 100% its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased
LAFAYETTE, La. -- The Federal Aviation Administration’s recently released report on airport traffic ranks Acadiana Regional Airport as the second-busiest airport in Louisiana after New Orleans.
BP Statistical Review shows strength of global energy MOSCOW The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in
PLANO, Texas -- Denbury Resources Inc., an E&P focused on EOR utilizing CO2 in the Gulf Coast and Rocky Mountain regions, has announced the appointment of Brad Kerr as senior V.P. of planning, technology, CO2 supply and pipelines. In his role, Kerr will oversee Denbury' s long-range development plan, CO2 supply and pipeline operations.
WASHINGTON, D.C. -- The U.S. exported 268,000 bpd of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years, reported the U.S. Energy Information Administration. Exports have increased sharply since the start of 2013, and have exceeded 200,000 bpd in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production, which was 8.2 million bpd in March.
OTTAWA, Ontario (Bloomberg) -- Enbridge Inc. is poised to win government approval for its proposed Northern Gateway pipeline to the Pacific coast, a major step for the project that still faces opposition from aboriginal and environmental groups. Prime Minister Stephen Harper’s cabinet must decide by midnight tomorrow, June 17, whether to approve the C$6.5 billion ($6 billion) pipeline, which would carry diluted bitumen from Alberta’s oil sands across British Columbia. Canada’s petroleum industry is seeking measures to move landlocked crude to offshore markets with another proposed pipeline, TransCanada Corp’s, Keystone XL, in regulatory limbo in the U.S.
HOUSTON -- MicroSeismic has already exceeded its yearly goal for donations to hospitals in Houston, Denver and Calgary. The donations underwrite hearing aids for under-privileged children.
PARIS -- CGG has announced that, in addition to the first two 508XT systems being delivered to the industry this month, Sercel has also sold a system to PanAmerican Geophysical for delivery in July. The system' s X-Tech architecture allows it to combine the benefits of both cable and cable-free systems in a single platform.
CALGARY, Alberta --- Suncor Energy and five industry partners have announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor' s Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as significantly enhance existing technologies.
PARIS -- CGG has announced that, in addition to the first two 508XT systems being delivered to the industry this month, Sercel has also sold a system to PanAmerican Geophysical for delivery in July. The system' s X-Tech architecture allows it to combine the benefits of both cable and cable-free systems in a single platform.
CALGARY, Alberta --- Suncor Energy and five industry partners have announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor' s Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as significantly enhance existing technologies.
Eni grabs 25,000 bpd from oil field in arctic Alaskan waters Milan, Italy Eni has achieved the important production goal of 25,000 bpd at the Nikaitchuq field, in which the company is operator with a 100% interest. The field, located
Shale boom in U.S. curbs impact of Iraq unrest, Saleri says MARK SHENK Washington, United States (Bloomberg) The United States shale boom, which has sent the nation’s output to a 28 year high, is curbing the impact of the Iraq
BOEM confirms award of 21 offshore blocks in GoM to GulfSlope HOUSTON, Texas GulfSlope Energy reported that the company has received notice of award and has completed all requirements for 21 offshore lease blocks for which it was the high
PARIS -- CGG reported the release of the Fast Trax processed data from its Deux multi-client survey covering 357 blocks in the Gulf of Mexico. The seismic images have been delivered on schedule less than seven months after completion of the survey.
Brent oil climbs to nine month high on Iraq, but WTI drops due to oversupply MARK SHENK LONDON (Bloomberg) Brent oil rose to a nine month high as Iraqi forces battled extremists north of Baghdad. West Texas Intermediate fell, widening
World Bank to ask oil companies to stop flaring gas by 2030 EDUARD GISMATULLIN WASHINGTON D.C. (Bloomberg) The World Bank will urge producers of oil to stop flaring natural gas by 2030, saying the amount of fuel wasted in the
HOUSTON -- Bright Automation, a designer and manufacturer of monitoring and control products, has introduced a fully solar-powered wireless load cell designed for use on pumping units. The Bright Wireless Load Cell has a fully solar-powered battery, transmitting data via a 2.4-GHz wireless digital communication protocol.
Signet Maritime expands Tug Fleet HOUSTON, Texas Adding to its fleet of 37 conventional and ASD vessels, Signet Maritime took ownership of its ninth newly constructed tractor tug in six years. SIGNET ARCTURUS, a 105’ x 38’ Z Drive, designed
CALGARY, Alberta -- Suncor Energy has announced the appointment of Alister Cowan as Eexecutive V.P. and CFO. The appointment is effective from July 21. Cowan comes to Suncor from Husky Energy, where he had been CFO since 2008.
ION Geophysical acquires OceanGeo ocean bottom seismic HOUSTON ION Geophysical has entered into an agreement to increase to 100% its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased
LAFAYETTE, La. -- The Federal Aviation Administration’s recently released report on airport traffic ranks Acadiana Regional Airport as the second-busiest airport in Louisiana after New Orleans.
BP Statistical Review shows strength of global energy MOSCOW The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in
PLANO, Texas -- Denbury Resources Inc., an E&P focused on EOR utilizing CO2 in the Gulf Coast and Rocky Mountain regions, has announced the appointment of Brad Kerr as senior V.P. of planning, technology, CO2 supply and pipelines. In his role, Kerr will oversee Denbury' s long-range development plan, CO2 supply and pipeline operations.
WASHINGTON, D.C. -- The U.S. exported 268,000 bpd of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years, reported the U.S. Energy Information Administration. Exports have increased sharply since the start of 2013, and have exceeded 200,000 bpd in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production, which was 8.2 million bpd in March.
OTTAWA, Ontario (Bloomberg) -- Enbridge Inc. is poised to win government approval for its proposed Northern Gateway pipeline to the Pacific coast, a major step for the project that still faces opposition from aboriginal and environmental groups. Prime Minister Stephen Harper’s cabinet must decide by midnight tomorrow, June 17, whether to approve the C$6.5 billion ($6 billion) pipeline, which would carry diluted bitumen from Alberta’s oil sands across British Columbia. Canada’s petroleum industry is seeking measures to move landlocked crude to offshore markets with another proposed pipeline, TransCanada Corp’s, Keystone XL, in regulatory limbo in the U.S.
HOUSTON -- MicroSeismic has already exceeded its yearly goal for donations to hospitals in Houston, Denver and Calgary. The donations underwrite hearing aids for under-privileged children.
LONDON -- Aker Solutions has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. He will start on June 17.
WASHINGTON, D.C. – Secretary of the Interior Sally Jewell and Acting Director of the Bureau of Ocean Energy Management (BOEM) Walter Cruickshank have announced the first step in a public engagement process to develop the next schedule of potential offshore oil and gas lease sales. The publication in the Federal Register of a Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program (RFI) is the initial step in the multi-year planning process and does not identify any specific course of action.
Eni grabs 25,000 bpd from oil field in arctic Alaskan waters Milan, Italy Eni has achieved the important production goal of 25,000 bpd at the Nikaitchuq field, in which the company is operator with a 100% interest. The field, located
Shale boom in U.S. curbs impact of Iraq unrest, Saleri says MARK SHENK Washington, United States (Bloomberg) The United States shale boom, which has sent the nation’s output to a 28 year high, is curbing the impact of the Iraq
BOEM confirms award of 21 offshore blocks in GoM to GulfSlope HOUSTON, Texas GulfSlope Energy reported that the company has received notice of award and has completed all requirements for 21 offshore lease blocks for which it was the high
PARIS -- CGG reported the release of the Fast Trax processed data from its Deux multi-client survey covering 357 blocks in the Gulf of Mexico. The seismic images have been delivered on schedule less than seven months after completion of the survey.
Brent oil climbs to nine month high on Iraq, but WTI drops due to oversupply MARK SHENK LONDON (Bloomberg) Brent oil rose to a nine month high as Iraqi forces battled extremists north of Baghdad. West Texas Intermediate fell, widening
World Bank to ask oil companies to stop flaring gas by 2030 EDUARD GISMATULLIN WASHINGTON D.C. (Bloomberg) The World Bank will urge producers of oil to stop flaring natural gas by 2030, saying the amount of fuel wasted in the
HOUSTON -- Bright Automation, a designer and manufacturer of monitoring and control products, has introduced a fully solar-powered wireless load cell designed for use on pumping units. The Bright Wireless Load Cell has a fully solar-powered battery, transmitting data via a 2.4-GHz wireless digital communication protocol.
Signet Maritime expands Tug Fleet HOUSTON, Texas Adding to its fleet of 37 conventional and ASD vessels, Signet Maritime took ownership of its ninth newly constructed tractor tug in six years. SIGNET ARCTURUS, a 105’ x 38’ Z Drive, designed
CALGARY, Alberta -- Suncor Energy has announced the appointment of Alister Cowan as Eexecutive V.P. and CFO. The appointment is effective from July 21. Cowan comes to Suncor from Husky Energy, where he had been CFO since 2008.
ION Geophysical acquires OceanGeo ocean bottom seismic HOUSTON ION Geophysical has entered into an agreement to increase to 100% its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased
LAFAYETTE, La. -- The Federal Aviation Administration’s recently released report on airport traffic ranks Acadiana Regional Airport as the second-busiest airport in Louisiana after New Orleans.
BP Statistical Review shows strength of global energy MOSCOW The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in
PLANO, Texas -- Denbury Resources Inc., an E&P focused on EOR utilizing CO2 in the Gulf Coast and Rocky Mountain regions, has announced the appointment of Brad Kerr as senior V.P. of planning, technology, CO2 supply and pipelines. In his role, Kerr will oversee Denbury' s long-range development plan, CO2 supply and pipeline operations.
WASHINGTON, D.C. -- The U.S. exported 268,000 bpd of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years, reported the U.S. Energy Information Administration. Exports have increased sharply since the start of 2013, and have exceeded 200,000 bpd in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production, which was 8.2 million bpd in March.
OTTAWA, Ontario (Bloomberg) -- Enbridge Inc. is poised to win government approval for its proposed Northern Gateway pipeline to the Pacific coast, a major step for the project that still faces opposition from aboriginal and environmental groups. Prime Minister Stephen Harper’s cabinet must decide by midnight tomorrow, June 17, whether to approve the C$6.5 billion ($6 billion) pipeline, which would carry diluted bitumen from Alberta’s oil sands across British Columbia. Canada’s petroleum industry is seeking measures to move landlocked crude to offshore markets with another proposed pipeline, TransCanada Corp’s, Keystone XL, in regulatory limbo in the U.S.
HOUSTON -- MicroSeismic has already exceeded its yearly goal for donations to hospitals in Houston, Denver and Calgary. The donations underwrite hearing aids for under-privileged children.
LONDON -- Aker Solutions has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations. He will start on June 17.
WASHINGTON, D.C. – Secretary of the Interior Sally Jewell and Acting Director of the Bureau of Ocean Energy Management (BOEM) Walter Cruickshank have announced the first step in a public engagement process to develop the next schedule of potential offshore oil and gas lease sales. The publication in the Federal Register of a Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Outer Continental Shelf (OCS) Oil and Gas Leasing Program (RFI) is the initial step in the multi-year planning process and does not identify any specific course of action.
Osum Oil Sands acquires Orion Oil Sands project CALGARY, Alberta Osum Oil Sands Corp reported that it has entered into an agreement to purchase the Orion Oil Sands Project from Shell Canada for $299 million (subject to customary purchase price
Baupost buys stake in LNG developer looking at more projects JAMES PATON BOSTON, Massachusetts (Bloomberg) -- Baupost Group, bought a stake in Liquefied Natural Gas Ltd as the Australian company considers further projects to follow its proposed $3.5 billion United States venture. Baupost owns 25.9 million sha
Oil rallies as extremist advance in Iraq threatens Crude supply BEN SHARPLES TEXAS (Bloomberg) West Texas Intermediate crude headed for the biggest weekly advance since December and Brent gained as escalating violence in Iraq threatened supplies from OPEC’s second largest
MEXICO CITY (Bloomberg) -- Seven workers assembling an offshore oil rig were killed in a crane failure in Mexico, the deadliest accident ever for a JV between construction companies Empresas ICA SAB and Fluor Corp. The employees were in a personnel carrier that fell from a height of about 40 m (130 ft) while suspended from a crane, Mexico City-based ICA said today, June 12, in a statement. An eighth person was injured and is in serious condition, according to an emailed statement from Irving, Texas-based Fluor.
MEXICO CITY (Bloomberg) -- Oil shale drillers in Texas have had to contend with environmental opposition and soaring costs. A few miles south of the border in Mexico, Angel Torrez and co-workers duck gunfire sprayed from drug traffickers.
CALGARY, Alberta -- ConocoPhillips and Suncor Energy will join Shell as JV partners on its Deepwater Shelburne Basin Venture Exploration Program. The agreement reached between the three companies involves Shell farming down non-operated equity in its Shelburne Exploration Licenses, offshore Nova Scotia, Canada. Shell will maintain a 50% interest and remain operator. ConocoPhillips will acquire a 30% non-operating interest and Suncor will acquire a 20% non-operating interest.
MATHER, California (Bloomberg) -- California’s government agencies aren’t ready to handle the safety risks accompanying a boom in oil deliveries by train, the state said in a report.
NEW YORK (Bloomberg) -- Alberta Energy Minister Diana McQueen said she expects Canada’s government to approve the Northern Gateway pipeline, putting crude producers a step closer to easing bottlenecks that are suppressing prices.
MEXICO CITY (Bloomberg) -- Oil shale drillers in Texas have had to contend with environmental opposition and soaring costs. A few miles south of the border in Mexico, Angel Torrez and co-workers duck gunfire sprayed from drug traffickers.
California warns of oil by rail while keeping data under wraps LYNN DOAN (Bloomberg) California’s government agencies aren’t ready to handle the safety risks accompanying a boom in oil deliveries by train, the state said in a report. The most
Canada seen approving Gateway Pipe, Alberta’s McQueen says ANDREW MAYEDA ALBERTA, Canada (Bloomberg) Alberta Energy Minister Diana McQueen said she expects Canada’s government to approve the Northern Gateway pipeline, putting crude producers a step closer to easing bottlenecks that are
OKLAHOMA CITY, Oklahoma -- Chesapeake Energy Corporation’s board of directors has approved the spin-off of the company’s oilfield services business into a stand-alone, publicly-traded company.
THE WOODLANDS, Texas (Bloomberg) -- Anadarko Petroleum Corp., the Texas oil and natural producer that’s gained 36% this year, reached its highest intraday price amid speculation it may be the subject of a takeover. Anadarko climbed 3.4% to $107.49 at 11:40 a.m. in New York after Theflyonthewall.com reported “renewed takeover chatter” today, June 11, surrounding The Woodlands, Texas-based company.
CALGARY, Alberta -- A panel of industry leaders told a packed audience on opening day of the SPE Heavy Oil Conference, at the Global Petroleum Show in Calgary, that they see great promise for Canada’s heavy oil resources. However, they restrained their enthusiasm by also discussing a number of challenges that they see for such development.
NEW YORK (Bloomberg) -- A four-decade-old U.S. ban on crude exports should remain until a “saturation” point when domestic refining capacity becomes insufficient to absorb increased oil production, according to Goldman Sachs Group Inc. Maintaining the statutory curb on shipments overseas will deliver the “highest value” to the U.S. economy, the bank said in an emailed report.
HOUSTON -- Honeywell Process Solutions has been selected by Suncor Energy to provide automation systems for a new multi-billion dollar Fort Hills Oil Sands project in Alberta, Canada. Honeywell will supply technology to integrate the site’s control and safety systems, manage alarms, and provide advanced simulation software that enables critical operations planning and operator training.
Nine Energy Service, a new oilfield services company which offers completion solutions and wireline services, was formally announced June 10 as a merger of four best-of-breed oilfield services companies; Northern States Completions (NSC), Tripoint LLC, CDK Perforating (CDK) and Integrated Production Services Canada (IPS).
Blackhawk acquires Trinity Tool Rentals HOUSTON Blackhawk Specialty Tools, has completed the acquisition of Trinity Tool Rentals, including its wholly owned subsidiary Blake Manufacturing. The terms of the transaction were not disclosed. Blackhawk Specialty Tools, was founded in 2008, is
FOOTHILL RANCH, California -- Bal Seal Engineering, Inc. has named James P. Harty to the position of global market manager for its energy management market, including oil and gas, power transmission and distribution and alternative energy.
WASHINGTON, D.C. (Bloomberg) -- The first legally approved commercial drone flight over land occurred June 8 to survey an oil field in northern Alaska, U.S. aviation regulators said today, June 10, in a statement.
REDMOND, Wash. -- Univar Inc., a global distributor of industrial and specialty chemicals and related services, broke ground on a new 52,000 -sq-ft facility on 12 acres of land in Elmendorf, Texas, on May 20. The facility, in the Alamo Junction Rail Park south of San Antonio, is under construction, and is expected to be fully operational by the end of the year.
HOUSTON -- Superior Energy Services has named Paul Remson as V.P. of risk management, announced Danny Young, Superior’s E.V.P. of corporate services. Based in Houston, Remson' s responsibilities include the placement, analysis and management of the company’s comprehensive property, casualty, marine and specialty insurance programs.
Halcon provides TMS operational update and announces development partnership HOUSTON,Texas Halcon Resources provided an operational update related to its 314,000 net acre position in the Tuscaloosa Marine Shale ("TMS"). The Horseshoe Hill 11 22H 1 (92% WI) well in Wilkinson
VANCOUVER, British Columbia (Bloomberg) -- Canada must win support from its provinces and aboriginal groups if it hopes to construct the pipelines needed to unlock its oil reserves, Natural Resources Minister Greg Rickford said.
CALGARY, Alberta -- Canadian oil production is projected to grow steadily by an annual average of 4% -- or 175,000 bpd -- over the period to 2030 as companies continue to develop the oil sands in response to strong demand indications from North American and global energy markets.
HOUSTON -- Rowan Companies plc has announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan' s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC (FM O&G), a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico.
WASHINGTON, D.C. (Bloomberg) -- BP Plc must pay potentially hundreds of millions of dollars in claims after the U.S. Supreme Court refused to halt disputed payments stemming from the 2010 Gulf of Mexico oil spill.
HOUSTON (Bloomberg) -- Cheniere Energy Inc. CEO Charif Souki, the highest paid executive in the U.S., stands to lose 89% of his 2013 compensation if a shareholder lawsuit against his company succeeds. The natural gas export company, which has never generated an annual profit, granted Souki 6.3 million stock units valued at $133 million in 2013. An investor alleged in a lawsuit filed May 29 in Delaware that a February 2013 vote allocating 25 million shares into a bonus pool, including 6 million awarded to Souki last year, was miscounted. The claim led the company to postpone its annual meeting by three months, according to a June 2 filing.
OKLAHOMA CITY, Oklahoma -- Chesapeake Energy Corporation’s board of directors has approved the spin-off of the company’s oilfield services business into a stand-alone, publicly-traded company.
THE WOODLANDS, Texas (Bloomberg) -- Anadarko Petroleum Corp., the Texas oil and natural producer that’s gained 36% this year, reached its highest intraday price amid speculation it may be the subject of a takeover. Anadarko climbed 3.4% to $107.49 at 11:40 a.m. in New York after Theflyonthewall.com reported “renewed takeover chatter” today, June 11, surrounding The Woodlands, Texas-based company.
NEW YORK (Bloomberg) -- A four-decade-old U.S. ban on crude exports should remain until a “saturation” point when domestic refining capacity becomes insufficient to absorb increased oil production, according to Goldman Sachs Group Inc. Maintaining the statutory curb on shipments overseas will deliver the “highest value” to the U.S. economy, the bank said in an emailed report.
HOUSTON -- Honeywell Process Solutions has been selected by Suncor Energy to provide automation systems for a new multi-billion dollar Fort Hills Oil Sands project in Alberta, Canada. Honeywell will supply technology to integrate the site’s control and safety systems, manage alarms, and provide advanced simulation software that enables critical operations planning and operator training.
Nine Energy Service, a new oilfield services company which offers completion solutions and wireline services, was formally announced June 10 as a merger of four best-of-breed oilfield services companies; Northern States Completions (NSC), Tripoint LLC, CDK Perforating (CDK) and Integrated Production Services Canada (IPS).
Blackhawk acquires Trinity Tool Rentals HOUSTON Blackhawk Specialty Tools, has completed the acquisition of Trinity Tool Rentals, including its wholly owned subsidiary Blake Manufacturing. The terms of the transaction were not disclosed. Blackhawk Specialty Tools, was founded in 2008, is
FOOTHILL RANCH, California -- Bal Seal Engineering, Inc. has named James P. Harty to the position of global market manager for its energy management market, including oil and gas, power transmission and distribution and alternative energy.
FOOTHILL RANCH, California -- Bal Seal Engineering, Inc. has named James P. Harty to the position of global market manager for its energy management market, including oil and gas, power transmission and distribution and alternative energy.
REDMOND, Wash. -- Univar Inc., a global distributor of industrial and specialty chemicals and related services, broke ground on a new 52,000 -sq-ft facility on 12 acres of land in Elmendorf, Texas, on May 20. The facility, in the Alamo Junction Rail Park south of San Antonio, is under construction, and is expected to be fully operational by the end of the year.
HOUSTON -- Superior Energy Services has named Paul Remson as V.P. of risk management, announced Danny Young, Superior’s E.V.P. of corporate services. Based in Houston, Remson' s responsibilities include the placement, analysis and management of the company’s comprehensive property, casualty, marine and specialty insurance programs.
Halcon provides TMS operational update and announces development partnership HOUSTON,Texas Halcon Resources provided an operational update related to its 314,000 net acre position in the Tuscaloosa Marine Shale ("TMS"). The Horseshoe Hill 11 22H 1 (92% WI) well in Wilkinson
Rickford says pipelines need support from provinces, Aboriginals CHRISTOPHER DONVILLE and ANDREW MAYEDA (Bloomberg) Canada must win support from its provinces and aboriginal groups if it hopes to construct the pipelines needed to unlock its oil reserves, Natural Resources Minister
CALGARY, Alberta -- Canadian oil production is projected to grow steadily by an annual average of 4% -- or 175,000 bpd -- over the period to 2030 as companies continue to develop the oil sands in response to strong demand indications from North American and global energy markets.
WESTPORT, Washington -- Representatives of Westport Shipyard, Inc. (Westport, WA) have announced that the company’s assets have been acquired by Westport, LLC, an ownership group that includes members of the Louisiana-based Chouest family.
HOUSTON -- Rowan Companies plc has announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan' s current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC (FM O&G), a subsidiary of Freeport-McMoRan Copper & Gold Inc., for operations in the U.S. Gulf of Mexico.
WASHINGTON, D.C. (Bloomberg) -- BP Plc must pay potentially hundreds of millions of dollars in claims after the U.S. Supreme Court refused to halt disputed payments stemming from the 2010 Gulf of Mexico oil spill.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- American Energy Partners LP, the company formed by former Chesapeake Energy Corp. CEO Aubrey McClendon, agreed to buy shale acreage in the Marcellus, Utica and Permian basin in three transactions for a total of $4.25 billion.
Mexico oil draft seeks 35% domestic content excluding deep water BRENDAN CASE and NACHA CATTAN (Bloomberg) Mexican legislators want to force entrants to the country’s oil and natural gas industry to use a higher proportion of local services and supplies
OKLAHOMA CITY, Oklahoma (Bloomberg) -- American Energy Partners LP, the company formed by former Chesapeake Energy Corp. CEO Aubrey McClendon, agreed to buy shale acreage in the Marcellus, Utica and Permian basin in three transactions for a total of $4.25 billion.
Mexico oil draft seeks 35% domestic content excluding deep water BRENDAN CASE and NACHA CATTAN (Bloomberg) Mexican legislators want to force entrants to the country’s oil and natural gas industry to use a higher proportion of local services and supplies
WASHINGTON, D.C. -- A new study shows that America’s shale energy revolution is saving billions for local schools districts, as well as state and local taxpayers, said API V.P. for Regulatory and Economic Policy Kyle Isakower.
A synopsis of the top news from the past week -- The U.S. has awarded the first three oil and gas leases in the Gulf of Mexico boundary area subject to the U.S. Mexico Transboundary Hydrocarbons Agreement to Exxon.
Gail’s U.S. linked LNG breaking from traditional ties to crude DEBJIT CHAKRABORTY and RAKTEEM KATAKEY NEW DELHI (Bloomberg) Gail India, the nation’s largest natural gas distributor, is offering supplies from the U.S. at prices tied to the American benchmark as
A synopsis of the top news from the past week -- The U.S. has awarded the first three oil and gas leases in the Gulf of Mexico boundary area subject to the U.S. Mexico Transboundary Hydrocarbons Agreement to Exxon.
WASHINGTON, D.C. -- A new study shows that America’s shale energy revolution is saving billions for local schools districts, as well as state and local taxpayers, said API V.P. for Regulatory and Economic Policy Kyle Isakower.
Gail’s U.S. linked LNG breaking from traditional ties to crude DEBJIT CHAKRABORTY and RAKTEEM KATAKEY NEW DELHI (Bloomberg) Gail India, the nation’s largest natural gas distributor, is offering supplies from the U.S. at prices tied to the American benchmark as
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., already facing antitrust claims in Michigan over bids on gas exploration rights, was charged with racketeering and fraud for allegedly lying to landowners about leases it took out on their property.
WASHINGTON, D.C. (Bloomberg) -- Flaws in safety equipment and procedures used on Gulf of Mexico rigs persist four years after 11 workers died in an explosion aboard the Deepwater Horizon that led to the largest offshore oil spill in U.S. history.
LAFAYETTE, Louisiana -- Superior Performance Inc. (SPI) has appointed Mitch Thibodeaux as president. Headquartered in Lafayette, La., Thibodeaux will oversee the company’s field service operations, rental tool equipment line and new product development. With offices in Louisiana, Texas and Ohio, Thibodeaux looks to further expand SPI’s geographical presence.
Statoil drilling Martin prospect in deepwater Gulf of Mexico PRAMOD KULKARNI, Editor MAERSK DEVELOPER, Gulf of Mexico – As part of an ambitious effort to expand its E&P portfolio in North America, Statoil is midway through drilling its first wildcat
BP, Anadarko may face billions in fines after spill ruling MARGARET CRONIN FISK THE WOODLANDS, Texas (Bloomberg) BP and Anadarko Petroleum could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution law
READING, United Kingdom -- Expro has deployed its new design ExACT (Expro Annulus-Operated Circulating and Test Tool) in its first live offshore well. The successful operation, a tubing conveyed perforating ‘shoot and pull’, took place on the Vermillion field offshore in the Gulf of Mexico following trial work onshore in Brazil last year.
WASHINGTON, D.C. (Bloomberg) -- President Barack Obama’s plan to fight global warming underestimates pollution from natural gas, according to scientists studying how leaks affect the climate. The U.S. Environmental Protection Agency this week proposed requiring power plants to cut greenhouse-gas emissions 30% from their 2005 levels by 2030, largely by burning natural gas instead of coal.
Magellan Petroleum plans for two UK wells in 2014 DENVER Magellan Petroleum on June 3 reported plans for two exploration wells to be drilled during 2014 within the Company' s license areas in the UK. The Company' s partner Angus Energy reported
MADRID, Spain (Bloomberg) -- Petroleos Mexicanos is selling a 7.9% stake in Madrid-based Repsol SA, according to a Citigroup Inc. regulatory filing to the Spanish stock exchange.
VANCOUVER, British Columbia (Bloomberg) -- A majority of British Columbians want Prime Minister Stephen Harper to reject or delay Enbridge Inc.’s Northern Gateway pipeline amid concern the project could lead to oil spills, a Bloomberg-Nanos poll shows.
FORT MCMURRAY, Alberta -- A contractor has been killed at Suncor Energy Inc.’s oil sands site in northern Alberta while performing maintenance on a piece of heavy equipment.
N.Y.’s cuomo ponders drilling as fracking bans reach top court CHRIS DOLMETSCH and FREEMAN KLOPOTT NEW YORK (Bloomberg) New York’s cities and towns may soon learn whether they can prohibit fracking for natural gas as the Court of Appeals in
CGX Energy reports drilling rig LOI with INPEX and Japan Drilling TORONTO CGX Energy reported that it has entered into a binding letter of intent with Teikoku Oil and Japan Drilling for use of the jack up drilling rig known
Borusan sues the U.S. Department of Commerce over refusal to verify accuracy of subsidy claim WASHINGTON On May 30, Borusan filed a lawsuit against the U.S. Department of Commerce in Federal Court. The lawsuit claims that the Commerce Department is
NELIGH, Nebraska -- On Saturday, May 31, and Sunday, June 1, members of the Cowboy and Indian Alliance and allies came together at the farm of Art Tanderup near Neligh, Nebraska, to hand plant sacred Ponka red corn seeds. The Tanderup farm is crossed both by the historic Ponca Trail of Tears and the proposed route of the Keystone XL Pipeline.
BISMARCK, N.D. (AP) — A cow is suspected of causing a spill of natural gas liquids near a tributary of the Little Missouri River, prompting North Dakota regulators to warn energy companies to ensure their facilities are bovine-proof.
WASHINGTON, D.C. -- API Director of Upstream and Industry Operations Erik Milito urged faster action after the Department of Energy announced new procedures to process over 20 applications to export LNG.
WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell and BOEM Acting Director Walter Cruickshank have announced the award of the first three oil and gas leases in the Gulf of Mexico boundary area subject to the U.S.-Mexico Transboundary Hydrocarbons Agreement.
OSLO, Norway (Bloomberg) -- Det Norske Oljeselskap ASA, controlled by billionaire Kjell Inge Roekke, will buy Marathon Oil Corp.’s Norwegian business for $2.7 billion in a transformational deal that will boost output 14-fold and settle questions on funding. Det Norske, 50% owned by Roekke’s Aker ASA, would add production of about 60,000 boed in 2014, more than 13 times last year’s output, CEO Karl Johnny Hersvik said today, June 2, in a presentation. It will pay $2.1 billion in cash excluding debt and other items.
Sterling Resources provides Romanian offshore well results CALGARY Sterling Resources reported that the first exploration well to be drilled by the Muridava Concession owners on 10th round licensing Block 27 in Romania' s Black Sea has completed drilling operations and has
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., already facing antitrust claims in Michigan over bids on gas exploration rights, was charged with racketeering and fraud for allegedly lying to landowners about leases it took out on their property.
WASHINGTON, D.C. (Bloomberg) -- Flaws in safety equipment and procedures used on Gulf of Mexico rigs persist four years after 11 workers died in an explosion aboard the Deepwater Horizon that led to the largest offshore oil spill in U.S. history.
LAFAYETTE, Louisiana -- Superior Performance Inc. (SPI) has appointed Mitch Thibodeaux as president. Headquartered in Lafayette, La., Thibodeaux will oversee the company’s field service operations, rental tool equipment line and new product development. With offices in Louisiana, Texas and Ohio, Thibodeaux looks to further expand SPI’s geographical presence.
Statoil drilling Martin prospect in deepwater Gulf of Mexico PRAMOD KULKARNI, Editor MAERSK DEVELOPER, Gulf of Mexico – As part of an ambitious effort to expand its E&P portfolio in North America, Statoil is midway through drilling its first wildcat
BP, Anadarko may face billions in fines after spill ruling MARGARET CRONIN FISK THE WOODLANDS, Texas (Bloomberg) BP and Anadarko Petroleum could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution law
Baker Hughes stated the acquisition of Perfomix, a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performance. Perfomix will operate as a wholly-owned subsidiary of Baker Hughes and will be integrated into the company' s remote operations services organization.
Perfomix offers a data and advisory services delivery platform to support drilling, pressure pumping, completions and production operations, and regulatory reporting requirements. The addition of Perfomix will expand the Baker Hughes portfolio of field devices integration, real-time data management, visualization, and analytics software, thus complementing existing capabilities with a modern, elastically scalable and standards-based technology platform.
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Tolfem Investments Limited, online.
READING, United Kingdom -- Expro has deployed its new design ExACT (Expro Annulus-Operated Circulating and Test Tool) in its first live offshore well. The successful operation, a tubing conveyed perforating ‘shoot and pull’, took place on the Vermillion field offshore in the Gulf of Mexico following trial work onshore in Brazil last year.
WASHINGTON, D.C. (Bloomberg) -- President Barack Obama’s plan to fight global warming underestimates pollution from natural gas, according to scientists studying how leaks affect the climate. The U.S. Environmental Protection Agency this week proposed requiring power plants to cut greenhouse-gas emissions 30% from their 2005 levels by 2030, largely by burning natural gas instead of coal.
Magellan Petroleum plans for two UK wells in 2014 DENVER Magellan Petroleum on June 3 reported plans for two exploration wells to be drilled during 2014 within the Company' s license areas in the UK. The Company' s partner Angus Energy reported
The worsening political and military situation in Ukraine is having far-reaching effects. As Ukrainian and pro-Russian protestors clashed over the weekend in eastern Ukraine, Norway felt compelled to bring home Foreign Minister BØrge Brende for consultations with other Western European countries about potential natural gas supply ramifications. Brende’s abrupt return to Europe also forced postponement of a long-awaited appearance Monday at Rice University’s Baker Institute, where he had been scheduled to discuss global energy challenges and opportunities, particularly for oil and natural gas, from Norway’s perspective.
Norway’s ambassador to the U.S., Kåre R. Aas, confirmed to a media briefing at the Baker Institute Monday morning that the situation in Ukraine had forced Brende to forgo his Houston visit, to return to Europe. Ambassador Aas and other Norwegian officials emphasized that while the path that the Ukrainian crisis will take over the next week is very difficult to predict, they believe that the situation ultimately requires a political solution. They pointed to Sunday’s emergency meeting of the U.N. Security Council as an important starting point in resolving the conflict. In the meantime, Norway is meeting with its NATO allies to consider what further measures, if any, should be taken to force the Russians to back down from their meddling in eastern Ukraine.
There is great concern about the short- and medium-term stability of natural gas imports coming into Western Europe from Russia, said the Norwegian officials. About one-third of European gas imports come from Norway, while roughly another third is sourced from Russia. What concerns the European countries is that half of that Russian gas has to transit pipelines that run through Ukraine. This means that 15% of Europe’s overall gas supply is directly threatened by the instability in Ukraine, which is an improvement over what could have been the proportion a few years ago. New Gazprom pipelines built via Belarus and the Baltic Sea to Germany have cut the volume of European gas imports transiting Ukraine from about 30% to 15%. Nevertheless, any significant disruption in gas supplies could threaten the fragile Western European economy.
For its part, Norway is producing 1.7 million bpd of liquids and 105 Bcm/year of natural gas. While officials confirmed that up to 70% of discovered and projected natural gas reserves in Norway have yet to be developed and put into production, adding significant capacity to the country’s gas output and exports is not a short-term proposition. Therefore, the ability to offset any Russian gas export shortfall in the short term is very small.
Ambassador Aas confirmed that Foreign Minister Brende remains committed to maintaining the special relationship between Norway and Houston, and that he will reschedule an appearance at the Baker Institute later this year.
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Tolfem Investments Limited, online.
VANCOUVER, British Columbia (Bloomberg) -- A majority of British Columbians want Prime Minister Stephen Harper to reject or delay Enbridge Inc.’s Northern Gateway pipeline amid concern the project could lead to oil spills, a Bloomberg-Nanos poll shows.
FORT MCMURRAY, Alberta -- A contractor has been killed at Suncor Energy Inc.’s oil sands site in northern Alberta while performing maintenance on a piece of heavy equipment.
N.Y.’s cuomo ponders drilling as fracking bans reach top court CHRIS DOLMETSCH and FREEMAN KLOPOTT NEW YORK (Bloomberg) New York’s cities and towns may soon learn whether they can prohibit fracking for natural gas as the Court of Appeals in
CGX Energy reports drilling rig LOI with INPEX and Japan Drilling TORONTO CGX Energy reported that it has entered into a binding letter of intent with Teikoku Oil and Japan Drilling for use of the jack up drilling rig known
Borusan sues the U.S. Department of Commerce over refusal to verify accuracy of subsidy claim WASHINGTON On May 30, Borusan filed a lawsuit against the U.S. Department of Commerce in Federal Court. The lawsuit claims that the Commerce Department is
Stabilis Energy has signed a definitive agreement to purchase substantially all of the U.S. based assets of Encana Natural Gas Inc. (ENGI).
Denver-based ENGI is a leading distributor of LNG fuel to domestic high horsepower engine operators in the oilfield, mining, rail, marine, over the road transportation, and industrial sectors. ENGI is a subsidiary of Encana Corporation. The transaction is scheduled to close on April 30, 2014.
"We are proud to announce the addition of Encana Natural Gas Inc.' s people, assets, and customer relationships to Stabilis Energy," said Casey Crenshaw, President and CEO of Stabilis Energy.
In addition to adding ENGI' s staff, Stabilis has agreed to purchase its fleet of cryogenic rolling stock assets including storage and regasification trailers, mobile fueling units, and other related equipment. Stabilis will fulfill all of ENGI' s existing customer obligations including its existing contracts, subject to customer consent.
Stabilis plans to open its first LNG production facility in George West, Texas, in January 2015 to service oilfield customers in the Eagle Ford shale. The facility is being built as part of a previously announced venture with Flint Hills Resources LLC to build up to five LNG production facilities that target oilfield customers.
The George West facility is under construction now and will be able to produce approximately 100,000 LNG gallons per day when complete. Other targeted LNG liquefaction plant locations include West Texas, North Dakota, and other major oilfield regions. Stabilis also will continue to source fuel from ENGI' s large existing third-party supply network.
"Encana is pleased that Stabilis Energy will carry on the outstanding LNG business that our Natural Gas team has worked hard to build over the past several years," said David Hill, executive V.P. of Encana Corporation. "Encana believes that natural gas has a bright future as a domestic fuel source for high horsepower engines and that LNG will be an important part of this value chain." Encana will remain a customer of Stabilis Energy for LNG.
Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By Tolfem Investments Limited, online.
NELIGH, Nebraska -- On Saturday, May 31, and Sunday, June 1, members of the Cowboy and Indian Alliance and allies came together at the farm of Art Tanderup near Neligh, Nebraska, to hand plant sacred Ponka red corn seeds. The Tanderup farm is crossed both by the historic Ponca Trail of Tears and the proposed route of the Keystone XL Pipeline.
