International news for oil and gas professionals
Press reportage of Poland's recent assessment of shale gas and shale oil resources set new highs in confusion and imprecision.
Logistical constraints threaten to aggravate new oil supply stress possible this summer in a part of the US not known for learned patience where fuel prices are concerned.
US tight oil producers already face challenges in economically getting their high-quality crude to refineries, and transportation logistics will need to be addressed more fully as production grows, experts at an Apr. 3 Washington conference agreed.
Marathon Petroleum Corp. reached what the US Department of Justice and Environmental Protection Agency jointly called an innovative agreement after developing and installing equipment to cap waste gases at its refinery flares.
It was not long after US Department of the Interior Sec. Ken Salazar announced plans on Apr. 3 to develop a federal onshore oil and gas drilling permit system—one that potentially could reduce the application review period to as few as 60 days—that an essential question emerged:
The US Bureau of Land Management has released the final environmental impact statement for the proposed Greater Natural Buttes natural gas project in eastern Utah. Comments will be accepted until May 7, BLM's Vernal field office said on Apr. 5.
Total SA representatives and Wild Well Control workers boarded the Elgin natural gas and condensate complex in the North Sea on Apr. 6 and confirmed that a planned kill operation to bring the leaking G4 well under control can continue as planned.
Chesapeake Energy Corp. announced three oil and gas asset transactions totaling $2.6 billion with the largest value deal involving $1.25 billion to a group of investors acquiring a stake in the Cleveland and Tonkawa unconventional liquids-rich tight sand plays in Oklahoma.
Rapid growth of US oil production is "remarkable" in the current political climate, says the immediate past chairman of the Independent Petroleum Association of America.
A unit of Canacol Energy Ltd., Calgary, and ExxonMobil Exploration Colombia Ltd. will pursue oil in conventional and unconventional targets in the Cretaceous La Luna and Rosablanca source rock formations in the Middle Magdalena basin of Colombia.
Penn Virginia Resource Partners LP has signed a definitive agreement to acquire Chief Gathering LLC for $1 billion.
A federal prosecutor in Brazil on Apr. 3 filed a second $10.9 billion civil lawsuit against Chevron Corp. and drilling contractor Transocean Ltd., prompting Chevron to issue a statement saying it has responded appropriately to seeps in Frade oil field off Brazil.
A comprehensive reappraisal of offshore oil and gas safety and environmental protection practices by the industry since the April 2010 Macondo deepwater well blowout and oil spill has laid the foundation for significant improvements, an American Petroleum Institute official said.
If they were not in an election year, lawmakers might be fixing America's fuel ethanol wreck instead of skewering consumers and hiding the damage.