More Oil & Gas News

Heitkamp leads Senate Democrats' new push for Keystone XL approval

Ten other US Senate Democrats joined Heidi Heitkamp (ND) in urging US President Barack Obama to approve the proposed Keystone XL crude oil pipeline by May 31.

Compromise on climate

The third report of the Intergovernmental Panel on Climate Change Fifth Assessment performs a valuable service. It establishes boundaries for compromise and thereby appeals for reasonable discussion about an important issue.

Four years after Macondo, offshore Arctic beckons, speakers warn

Lessons learned from the Macondo deepwater well incident and crude oil spill are in danger of being minimized in a push to develop offshore Arctic oil and gas resources, speakers warned during two separate forums around the anniversary of the offshore well’s Apr. 20, 2010, blowout and explosion that took 11 lives and destroyed the Deepwater Horizon semisubmersible rig.

Alberta to spend $144 million on CCS in 2014

The government of Alberta has budgeted $144 million (Can.) this year for two projects it is supporting for carbon capture and sequestration (CCS) related to oil sands development.

Alaska passes bill to advance state’s LNG project

Alaska’s state legislature has passed Senate Bill 138, which would advance a large-diameter, 800-mile natural gas pipeline project to transport production from the Alaska North Slope (ANS) to a 15-18 million tonne/year LNG plant on the state’s south-central coast.

MARKET WATCH: Crude oil futures price ticks up before Easter holiday

The New York Mercantile Exchange May crude oil contract price increased 54¢ to close at $104.30/bbl on Apr. 17. Markets were closed Apr. 18 in observance of the Good Friday holiday. The June contract, meanwhile, gained 34¢ to $103.37/bbl.

DOS gives federal agencies more time for Keystone XL comments

Eight federal agencies preparing comments on the proposed Keystone XL crude oil pipeline project’s cross-border permit received additional time, the US Department of State announced. It did not set a new deadline, but emphasized that the agency consultation process will not start over.

EIA: Gulf Coast crude oil inventories reach record level

Crude oil inventories on the US Gulf Coast reached a record high of 207.2 million bbl on Apr. 11, as a result of the continuing strong crude oil production growth, the opening of TransCanada’s Marketlink Pipeline, and a drop in crude oil inputs at Gulf Coast refineries due to seasonal maintenance, according to the US Energy Information Administration.

MARKET WATCH: Crude oil prices mixed on likely Libyan exports, Ukraine talks

Brent crude oil prices climbed above $109/bbl on the London market Apr. 16 while crude oil prices gained only marginally on the New York market as world oil markets received mixed signals from international political news, analysts noted.

US gas reserve growth in 2013 was robust, AGA estimates

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

GAO report links changed US refining outlook to main causes

Higher North American crude oil production, shrinking product markets, and a pair of federal regulations have significantly affected the US refining outlook, the US Government Accountability Office said in an Apr. 14 report.

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OTHER REGIONAL Briefs

Range Resources boosts Marcellus shale production above 1 bcfd

Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.

EAGLE FORD Briefs

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STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
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Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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