International news for oil and gas professionals
Amid the many issues that are debated, exaggerated, and understated relating to oil and gas drilling and production, the prevalence of unplugged and abandoned, or "orphaned" wells is one that until recently had been largely overlooked.
When governments make fuel choices otherwise rendered by markets, they base decisions on assumptions that cannot be right.
Policies adopted during the Obama administration have created unnecessary and unproductive obstacles to oil and gas activity on onshore federal lands, witnesses told a US House Natural Resources Committee subcommittee.
The US should encourage oil and gas exports as part of a broader strategy that also includes accepting the reality of energy interdependence, taking steps to reduce domestic consumption and diversify supplies, and integrating energy security into strategic policy and military planning, a recent report recommended.
US Sen. Tom Udall (D-NM) and Rep. Rob Bishop (R-Utah) sought US Interior Sec. Sally Jewell's help in getting continued funding for a successful US Bureau of Land Management pilot program before its authorization expires in 2015.
Oil sands production is responsible for significantly boosting Canada's jobs, economic growth, and government revenue, according to IHS CERA Oil Sands Dialogue study, "Oil Sands Economic Benefits: Today and in the Future."
Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.
Pioneer Natural Resources Co. (PNR), Dallas, reported capital expenditure plans of $3.3 billion for 2014, $2.2 billion of which will be used to target the northern Spraberry-Wolfcamp area in the Midland basin of West Texas.
Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.
Federal oil and gas pipeline permitting processes need to be accelerated and improved if they are to keep pace with rapidly expanding production, a new white paper produced for United Transportation Advisors LLC argued.
Now that the US State Department has determined completion of the Keystone XL pipeline wouldn't aggravate climate change, the president logically and at last will approve the border crossing—won't he?