More Oil & Gas Reserves News

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.

DOE to convert Northeast heating oil reserve to ULSD

Feb 1, 2011

New, more-stringent standards by some US Northeast states were behind the Feb. 1 announcement by the US Department of Energy that it will convert inventory in the Northeast Home Heating Oil Reserve to ultralow-sulfur distillate fuel oil.

Chesapeake, CNOOC eye Niobrara in Rockies

Jan 31, 2011

CNOOC Ltd.’s CNOOC International Ltd. will join Chesapeake Energy Corp. in a Niobrara-focused exploration and production program in the Denver-Julesburg and Powder River basins.

Watching The World: Saudi Arabia going nuclear

Jan 31, 2011 The international oil and gas industry experienced a correction of perception in Saudi Arabia last week when delegates at a conference heard that the kingdom is going nuclear.

Encana: 'We own the Piceance'

Jan 17, 2011 When listing the public companies that want to be associated with liquids resource plays as opposed to gas plays, don't include Encana Corp.

Texas leads North Dakota in 2009 oil reserves hike

Jan 3, 2011 Texas' Permian basin topped North Dakota's Bakken play as contributors to a 9% increase in US crude oil and condensate reserves in 2009 as shale plays drove gas reserves to the highest since 1971.

Total reserves, production climb on mixed results

Dec 6, 2010

With the inclusion of some large oil reserves in Africa and a boost in Venezuela, Oil and Gas Journal's annual look at reported worldwide reserves shows an increase to 1.47 trillion bbl from 1.35 trillion bbl in last year's survey.

Hobbs named president of geological institute

Dec 2, 2010

The American Geological Institute has named G. Warfield “Skip” Hobbs as president. He was inducted at the Geological Society of America annual meeting in Denver in November.

BLM releases EA for Magnum gas storage project

Nov 24, 2010

The US Bureau of Land Management, as a cooperating agency with the US Federal Energy Regulatory Commission, released the environmental assessment (EA) for the proposed Magnum gas storage project and proposed Pony Express resource management plan amendment on Nov. 23.

OPEC: Global oil demand rising, with marked upswing in Asia

Nov 22, 2010 The Organization of Petroleum Exporting Countries forecasts continued growth in global oil demand over the next 20 years, while acknowledging the potential impact of environmental policies on the energy market.

Clinton: US willing to help Papua New Guinea manage LNG revenues

Nov 8, 2010 US Sec. of State Hillary Clinton offered the nation's help to Papua New Guinea in creating a sovereign wealth fund to manage its coming resource revenues and avoid the so-called "resource curse."

Feds award $20 million in geothermal research grants

Nov 1, 2010 The US Energy Department has awarded $20 million in grants to research, develop, and demonstrate cutting-edge geothermal technologies.

IHS Herold: Oil, gas reserves rise in 2009

Oct 4, 2010

Worldwide oil and gas reserves climbed 3% in 2009 as capital spending declined, IHS Herold reported Oct. 4 in its 2010 Global Upstream Performance Review.

Reforms driving Nigeria's oil, gas output growth, minister says

Oct 4, 2010 Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria's Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.

Reforms driving Nigeria's oil, gas output growth, minister says

Sep 28, 2010

Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria’s Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.

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