More Oil & Gas Reserves News

BP, ConocoPhillips stop development of Denali ANS gas line

May 17, 2011

The Denali project, a joint venture of BP PLC and ConocoPhillips, is stopping efforts to develop a pipeline that would transport Alaska North Slope natural gas to the US Lower 48.

Budget politics to create gap in US reserves data

May 16, 2011 The decision to skip a year's worth of US reserves estimates recalls long-ago arguments about the superiority of government data over supposedly tainted numbers from the oil and gas industry.

Budget politics to create gap in US reserves data

May 6, 2011

The decision to skip a year’s worth of US reserves estimates recalls long-ago arguments about the superiority of government data over supposedly tainted numbers from the oil and gas industry.

US natural gas resource level repeats record

Apr 28, 2011

The US has an undiscovered natural gas resource potential of 1,898 tcf—the highest level in the 46-year history of the Potential Gas Committee, PGC said.

BP, NRDA trustees announce $1 billion early funding agreement

Apr 25, 2011

BP Exploration and Production Inc. agreed to provide $1 billion to fund early projects to restore Gulf of Mexico resources damaged by crude oil that leaked from the deepwater Macondo well, the spill’s Natural Resource Damage Assessment trustees announced.

Loss of 5,000 technical staff seen by 2014

Mar 29, 2011

The loss of 5,000 experienced petrotechnical professionals (PTPs) from the global upstream industry can be expected by 2014, a survey by Schlumberger Business Consulting, the management consultancy arm of Schlumberger, indicates.

Japan: First supplies of oil, gasoline reach Sendai port

Mar 22, 2011

ExxonMobil Corp.’s Shiogama Terminal in Sendai, which reopened on Mar. 20, has received its first tanker shipment of much-needed fuel, including 2 million l. of gasoline, light oil, and kerosine.

Yamal LNG lets contract for LNG project

Mar 21, 2011

Yamal LNG LLC has selected Chicago Bridge & Iron Co. NV, The Hague, to provide front-end engineering and design for its Yamal LNG’s project. Work is to be completed in first-quarter 2012.

Market said to be declaring death of 'Major Oil model'

Mar 21, 2011 Investors and large oil companies have steered onto paths so divergent that Deutsche Bank Securities Inc. says, "The market is declaring the Major Oil model dead."

Japan disaster may be 'death knell' for nuclear power

Mar 15, 2011

Dangerous radiation leaks from four stricken reactors after a tsunami hit Japan’s Fukushima Daiichi nuclear plant last week may be “the death knell” for a pending “nuclear renaissance,” increasing demand for natural gas, residual oil, and coal to fuel electric power generation, said several industry analysts.

Market said to be declaring death of 'Major Oil model'

Mar 11, 2011

Investors and large oil companies have steered onto paths so divergent that Deutsche Bank Securities Inc. says, “The market is declaring the Major Oil model dead.”

Shale plays show how resource work helps economies

Mar 7, 2011 The economic goodness of resource development is, or should be, axiomatic. With inputs of labor and capital, resources yield wealth, the generation of which creates jobs, incomes, and tax revenue for governments.

Wyoming: Portland utility to buy Jonah field gas

Feb 28, 2011

Northwest Natural Gas Co., Portland, Ore., will buy gas produced by Encana Oil & Gas (USA) Inc. in Jonah field in Wyoming’s Green River basin, subject to approval by the Public Utility Commission of Oregon.

Shale plays show how resource work helps economies

Feb 25, 2011

The economic goodness of resource development is, or should be, axiomatic.

PIOGA, API launch new Marcellus shale effort

Feb 7, 2011 The Pennsylvania Independent Oil & Gas Association (PIOGA) and the American Petroleum Institute have formed a Marcellus shale public education alliance to provide facts about the tight shale gas resource's energy and economic potential.

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