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Encana books impairment charge, maintains 2015 budget

Jul 27, 2015

Encana Corp., Calgary, reported a $1.3 billion impairment charge for the second quarter, which executives said reflected a decline in oil and natural gas reserves values because of lower commodity prices. Overall Encana reported a second-quarter loss of $1.6 billion.

First bidding round showed Mexico reform challenges, House panel told

Jul 27, 2015

An apparently disappointing first round of bids for oil and gas exploration rights revealed problems that require attention if Mexico’s dramatic energy policy reforms are to succeed, witnesses told a US House Foreign Affairs Committee subcommittee (OGJ Online, July 16, 2015).

MARKET WATCH: Oil futures stay below $49/bbl after gain in US rig count

Jul 27, 2015

Light, sweet crude oil futures prices fell modestly July 24 to remain under $49/bbl on the New York market after Baker Hughes Inc. reported the US rig count jumped, and most of the gain came from onshore rigs.

EPA proposes voluntary methane reduction program for gas industry

Jul 24, 2015

The US Environmental Protection Agency proposed a voluntary methane reduction program for the natural gas industry that would allow companies to make commitments and track their progress. Comments on the proposed program, which would build on progress EPA has achieved in its Natural Gas STAR Program in the last 20 years, will be accepted through Sept. 1.

Petrobras workers stage 24-hr strike

Jul 24, 2015

Workers at beleaguered Petroleo Brasileiro SA (Petrobras) staged a 24-hr strike across Brazil to protest plans by the state-owned company to liquidate assets for debt service, according to news reports.

MARKET WATCH: Oil futures hover below $49/bbl

Jul 24, 2015

Light, sweet crude oil futures prices settled under $49/bbl July 23 on the New York market, which means US prices have slid more than 20% since their 2015 highs set in June.

EQT reports high IP from Utica dry gas well

Jul 24, 2015

EQT Corp., Pittsburgh, said a deep, dry gas Utica well averaged 72.9 MMcfd with an average flowing casing pressure of 8,641 psi during a 24-hr deliverability test. The well was completed using a 18-stage fracturing job and a 3,221-ft lateral.

Separate Murkowski bill addresses crude exports, OCS revenue sharing

Jul 24, 2015

US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) introduced legislation that would end the ban on US crude oil exports, and establish federal Outer Continental Shelf revenue sharing for southern Mid-Atlantic and additional Gulf Coast states as well as Alaska.


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OGJ's Midyear Forecast 2015

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WASHINGTON STATE UNIVERSITY

FACULTY POSITION

The Gene and Linda Voiland School of Chemical Engineering and Bioengineering at Washington State University invites applications for the B. Wise Di...
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Vantage Drilling

Currently Hiring Positions in the Gulf of Mexico

Vantage Drilling is an international offshore drilling contractor which operates and manages a fleet of modern, high specification drilling rigs on...
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Now Hiring: Offshore Utility Hands and Prep Cooks

We are seeking experienced applicants to fill openings we have in Offshore Catering for: Utility Hands and Prep Cooks Having a TWIC card is a requ...
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Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
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