International news for oil and gas professionals
Among the top tenets of social ecology—up there with “mankind is the cause of global warming” and “expensive oil can be easily replaced by ‘free’ solar power”—is the frequent claim mass transit is more “environment friendly” than the hustle and bustle of urban automobile traffic.
The aim of legislation is not bipartisan compromise but effective law. While bipartisan compromise can be a virtuous route to effective law, it also can create distraction leading to wreckage.
Representatives of the oil and gas industry described federal leasing delays, which they consider unnecessary, on onshore public lands during an Aug. 2 US House Energy and Commerce subcommittee hearing.
US transportation is undergoing changes that could evolve and accelerate depending on how soon fuel and vehicle technologies advance and whether they are economically viable, the National Petroleum Council said in a recent study.
At first glance, the National Petroleum Council’s future transportation fuels report may have looked like a cop-out when it was issued on Aug. 1.
Horizontal drilling and hydraulic fracturing in tight shale plays helped US oil and gas reserves grow at a record pace during 2010, the US Energy Information Administration said Aug. 1.
Chesapeake Energy Corp. expects $7 billion in asset sales during the third quarter, which would bring the company’s 2012 asset sales to about $11.7 billion, executives said during an Aug. 7 earnings conference call.
Global merger and acquisition activity in the oil and gas services industry slowed during the first half of 2012 following a brisk yearend 2011 market, Deloitte Center for Energy Solutions said in its midyear M&A report, which analyzes announced transactions having values greater than $10 million.
Kohlberg Kravis Roberts & Co LP will participate with Comstock Resources Inc., Frisco, Tex., in future Eagle Ford shale development in South Texas.
The Gapowo B-1 well on the Bytow concession in Poland encountered overpressured shales in Lower Silurian and Ordovician and greatly elevated gas readings over those in wells on the Saponis concessions.
Noble Energy Inc. will take a farmout from Falkland Oil & Gas Ltd. and will invest $180-230 million in the next 3 years in the South and East Falkland basins in the South Atlantic.
Ophir Energy PLC and BG PLC said the Papa-1 deepwater wildcat on Block 3 offshore Tanzania has made the first Cretaceous gas discovery outboard of the Rufiji Delta.
Oneok Partners LP, Tulsa, will spend between $980 million to $1.1 billion through 2014 on several projects in southeastern Texas and North Dakota.
The US can learn much about growth and employment from the friendly neighbor it is mistreating over the proposed Keystone XL pipeline.