New Orleans judge gives final approval to BP Macondo settlement
Dec 26, 2012
US District Judge Carl Barbier in New Orleans gave final approval to BP PLC’s settlement in a class action lawsuit with a number of businesses and individuals regarding the April 2010 oil spill in the Gulf of Mexico from the deepwater Macondo well off Louisiana. |
The Harper Doctrine
Dec 24, 2012
The day before state-owned CNOOC Ltd. received measured approval from the Canadian government to take over Nexen Inc., an official of the US Department of State was in Nanjing telling China why it should expect resistance while asset-shopping abroad. |
OGJ Newsletter
Dec 24, 2012
International news for oil and gas professionals |
ERCB: Alberta frac job leak caused by insufficient spacing
Dec 24, 2012
Insufficient distance between wellbores caused a vertical oil well to leak fluids after hydraulic fracturing of a nearby horizontal well last January in Red Deer County, Alta., an investigation by the Alberta Energy Resources Conservation Board has determined. |
Companies cite natural gas prices in mixed third-quarter earnings
Dec 24, 2012
Companies included in an OGJ sample of US-based producers and refiners reported mixed third-quarter earnings, and the biggest company, ExxonMobil Corp., said declining production along with low US natural gas prices hindered upstream financial performance compared with last year. |
EPA issues update on 18 fracing study research projects
Dec 21, 2012
The US Environmental Protection Agency released an update on 18 research projects connected to its study of hydraulic fracturing’s possible impacts on drinking water supplies. |
US drilling rig count down 25 units to 1,774
Dec 21, 2012
The US drilling rig count edged dipped by 25 units during the week ended Dec. 21, with the total number of rotary rigs reaching 1,774, Baker Hughes Inc. reported. This compares with 2,008 rigs working in the comparable week last year. |
Statoil to invest in Mariner heavy oil field in UK North Sea
Dec 21, 2012
Statoil said it plans to invest more than $7 billion in developing the Mariner heavy oil field in the UK North Sea, and Mariner production is expected to come on stream in 2017 pending final government approval of field development plans. |
IHS study measures economic benefits of unconventional oil and gas production
Dec 20, 2012
A new state-by-state study estimates total unconventional oil and gas production in the Lower 48 will contribute $63 billion in federal, state, and local tax revenues in 2012, with contributions rising to nearly $113 by 2020, said IHS. |
Dominion, Caiman Energy II forming midstream joint venture in Utica
Dec 20, 2012
Dominion and Caiman Energy II LLC are forming a $1.5 billion joint venture to provide midstream services to natural gas producers operating in the Utica shale in Ohio and portions of Pennsylvania. The companies expect to close on the joint venture by Dec. 31. |
Wood Mackenzie warns commercial viability of UK shale gas yet to be proved
Dec 20, 2012
Recent announcements by the UK government encouraging development of shale gas are not enough to ensure its commercial viability, and the key determinant will be the quality of the subsurface and well performance, Wood Mackenzie Ltd. said. |
Shareholders okay Petrobank, PetroBakken split
Dec 19, 2012
Shareholders of Petrobank Energy & Resources Ltd. and its 56%-owned subsidiary PetroBakken Energy Ltd., both of Calgary, have approved a reorganization in which the companies will emerge as separate entities (OGJ Online, Oct. 30, 2012).
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Statoil acquires central Marcellus acreage for $590 million
Dec 19, 2012
Statoil ASA has acquired 70,000 operated net acres in the central Marcellus shale in Ohio and West Virginia for $590 million from three US private companies: Grenadier Energy Partners LLC, PetroEdge Energy LLC, and Protege Energy LLC. The transaction closed Dec. 18, with Sept. 1 being the effective date. |
ROVs find no leaking oil from Macondo
Dec 19, 2012
Remotely operated vehicles (ROV) investigating a recurring sheen near the deepwater Macondo wellhead and Deepwater Horizon semisubmersible wreckage identified no sources of leaking oil, officials said. |
Jacos okays Hangingstone SAGD project
Dec 17, 2012
Japan Petroleum Exploration Co. Ltd. (Japex) has approved commercial in situ development of its Hangingstone oil sands project south of Fort McMurray, Alta., by its consolidated subsidiary Japan Canada Oil Sands Ltd. (Jacos). |
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