BP PLC is required to indemnify drilling contractor Transocean Ltd., the owner of the Deepwater Horizon semisubmersible drilling rig, against compensatory damages in the Gulf ...
The oil business abounds with "geological explorers." One might think that these geologists would be satisfied with simply finding the oil, then leaving it to reservoir and production...
In the opening paragraphs of the above article on dependencies between two reservoirs, the authors state that: "In particular, varying the allowed probability for the dependent...
The Eagle Ford shale play in South Texas has attracted more than 3,100 permitted locations since Petrohawk Energy Corp. revealed the first discovery in October 2008, the Texas...
The purpose of this third and final article is to characterize the operating envelope under which Haynesville shale wells are economic and describe the profit space through generalized...
Buru Energy Ltd., Perth, is gearing up to capitalize on what it describes as a significant series of exploration successes in the onshore Canning basin of northwest Western Australia...
Madagascar Oil Ltd., Houston, said it is encouraged by brightening prospects for the blocks that contain its Tsimiroro and Bemolanga giant heavy oil deposits in nonproducing Madagascar...
MarkWest Energy Partners LP, Denver, will add more than 600 MMcfd of processing capacity for the Marcellus and Utica shales, as well as 140,000 b/d of fractionation, the company...
The Canadian Association of Petroleum Producers on Jan. 30 announced a set of hydraulic fracturing operating practices that it has adopted to improve water management and fluids...
Chesapeake Energy Corp. announced plans to cut its operated dry gas drilling rig count to 24 rigs, a decline of 50 rigs from its 2011 average operated dry gas rig count, citing...
If there was ever doubt that congressional Republicans would accept US President Barack Obama's Jan. 18 ruling against the proposed Keystone XL crude oil pipeline, it disappeared...
Chinese, French, and Japanese companies were among recent investors making long-term financial commitments to US unconventional oil and gas plays in a trend that is expected to...
Oil diplomacy is making very little headway in resolving issues between Sudan and the recently independent South Sudan, with both sides gearing more toward another war than to...
Cabot Oil & Gas Corp. has offered to meet with US Environmental Protection Agency representatives to discuss the EPA's plans to test the water wells of some homes in Dimock, Pa...
Global oil price could rise by as much as 30% if Iran halts oil exports as a result of sanctions by the US and the European Union, according to a report by the International Monetary...
Higher crude oil prices, breakthroughs in technology, and more access to prospective acreage are creating a US oil production revival that is a major break from nearly 40 years...
The government of South Sudan, faced with alleged obstructions by Sudan, announced plans to build a refinery and pipeline aimed at transporting recently discovered crude oil to...
The US Bureau of Ocean Energy Management will hold a consolidated central Gulf of Mexico lease sale in New Orleans on June 20, the US Department of the Interior agency announced...
New mobile gantry craneA new series of double-beam mobile gantry cranes is available to the industry.The DB Model is designed for long-term, heavy-duty cycle work in a moderate...
US President Barack Obama signed the Pipeline Safety, Regulatory Certainty, and Job Creation Act of 2011 into law Jan. 3, reauthorizing the Department of Transportation's existing...
Planned pipeline construction to be completed in 2012 rose 6.7% from the previous year, with increases in planned crude and natural gas pipelines more than countering sharply ...
Schlumberger Ltd.,Paris, and Petrofac Ltd. in St Helier, Channel Islands, announced Petrofac's Integrated Energy Services (IES) and Schlumberger Production Management (SPM) division...
Industry analysts lately have been counting barrels—barrels of refining capacity lost as plants shut down on both sides of the Atlantic; barrels of crude flowing into the US Midwest...
The Obama administration's renewable energy stool, with its three legs of biofuels, solar, and wind, has now tipped over, as all three legs start to crumble.
