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General Interest 2010 P4

  • 12/17/2010 -- Offshore safety requires continuous, comprehensive efforts, CSB told
    While risk-based programs apparently are more effective than prescriptive approaches, they are not the ultimate regulatory solution for making offshore oil and gas operations safe, officials who have worked in three other countries told the US Chemical and Hazard Investigation Board (CSB).
  • 12/16/2010 -- Chevron to spend $4 billion on Big Foot field in gulf
    Chevron Corp. plans to spend $4 billion to develop Big Foot oil and gas field in the deepwater Gulf of Mexico.
  • 12/16/2010 -- MARKET WATCH: US retail gasoline prices poised for near-record levels
    Crude oil prices on the New York market experienced a moderate rise Dec. 15 while US retail gasoline prices appear poised to enter the holiday season at record or near-record levels for this time of year.
  • 12/16/2010 -- Government sues to recover costs from Macondo well accident, spill
    The US Department of Justice and Environmental Protection Agency jointly sued to recover damages from the Apr. 20 Macondo well accident, which claimed 11 lives, and subsequent crude oil spill into the Gulf of Mexico.
  • 12/16/2010 -- Mobile nitrogen rejection unit takes the field
    EQT Corp., Pittsburgh, has placed in service the world’s first mobile nitrogen rejection unit for nitrogen frac flowback at a Devonian Huron shale well in eastern Kentucky.
  • 12/15/2010 -- MARKET WATCH: Prices fall as Fed warns of slow recovery
    Energy prices continued to see-saw this week with crude futures down Dec. 14 in the New York market as the dollar strengthened and the Federal Open Market Committee, the policy-making arm of the Federal Reserve Bank, reported financial recovery is still too slow and reiterated its bond-buying plan to stimulate the economy.
  • 12/15/2010 -- Jubilee field off Ghana starts production
    Production from Jubilee oil and gas field off Ghana has started, and partners expect output to reach 55,000 b/d of oil by yearend and 120,000 b/d during the first half of 2011 when additional wells are completed, operator Tullow Oil PLC and partners said Dec. 15.
  • 12/15/2010 -- Pennsylvania: Range meets gas output target
    Range Resources Corp., Fort Worth, met its internal target of doubling net production from the Marcellus shale in 2010 and expects to double output again in 2011.
  • 12/14/2010 -- MARKET WATCH: Energy prices gain; Goldman Sachs expects $100/bbl crude
    Energy prices escalated Dec. 13 after oil ministers of the Organization of Petroleum Exporting Countries decided at their Dec. 11 meeting in Quito, Ecuador, to maintain official production quotas at a total 24.9 million b/d although members actually are producing closer to 29 million b/d.
  • 12/14/2010 -- Forest Oil plans Canadian subsidiary spinoff
    Forest Oil Corp. plans to sell 19.9% of its subsidiary, Lone Pine Resources Inc., in an initial public offering to be followed by a spinoff of Forest’s remaining shares in Lone Pine to Forest’s shareholders.
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OGJ Annual Forecast & Review Webcast 2011

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