More Oil & Gas News

PERMIAN Briefs

QEP to run six rigs on new Permain acreage

QEP Energy Co. expects to add four rigs this year to two already drilling on Permian basin acreage it is acquiring from EnerVest Ltd. for $950 million.

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

MARKET WATCH: Crude oil futures price up, natural gas down

The New York Mercantile Exchange March crude contract jumped 87¢ on Jan. 30, closing at $98.23/bbl. The April contract climbed 78¢ to settle at $97.66/bbl.

CSB issues report on Washington refinery blast

The US Chemical Safety Board has determined the cause of an April 2010 explosion and fire at Tesoro’s 120,000-b/d Anacortes, Wash., refinery could have been prevented by the US independent refiner.

Senate panel hears arguments for, against US crude oil exports

Witnesses on both sides of the debate over whether to expand US crude oil exports used improved energy security and creation of more domestic jobs to support their viewpoints during a US Senate Energy and Natural Resources Committee hearing on the subject.

Index reveals record year for Texas oil, gas production

The Texas Petro Index, a composite index based on a comprehensive group of upstream economic indicators, showed that crude oil production in the Lone Star State increased 21% in 2013 compared with 2012, reaching volumes not seen since 1985.

Shell cancels 2014 drilling off Alaska in court decision’s wake

Royal Dutch Shell PLC will not resume activity on federal leases it holds offshore Alaska in 2014 because a US appeals court’s Jan. 22 decision in a 2008 lawsuit against the US Department of the Interior has created significant uncertainties, company officials stated.

MSRC, Alaska Maritime working together on nontank vessel regs

Marine Spill Response Corp. (MSRC) and Alaska Maritime Prevention & Response Network announced a strategic alliance to support industry’s efforts to meet federal regulations for nontank vessels and to enhance oil spill response efforts in western Alaska and Prince William Sound.

Statoil, PTTEP to divide oil sands stakes

Statoil AS and PTT Exploration & Production (PTTEP) of Thailand have agreed to divide their interests in the multiarea Kai Kos Dehseh (KKD) oil sands project about 120 km south of Fort McMurray, Alta.

MARKET WATCH: NYMEX crude oil prices fall on US oil supply build

Crude oil futures prices fell slightly on the New York during Jan. 29 trading after a government report showed the largest weekly crude oil supply gain in more than 3 months.

Countries moving geopolitically on Arctic energy, Wilson forum told

Countries already are making geopolitical moves to secure Arctic oil and gas resources despite actual development being decades away in most cases, experts agreed at a Woodrow Wilson International Center for Scholars forum.

E&Y: Unconventional resources largest source of US oil, gas growth in 2013

Unconventional resources in the US constituted the oil and gas industry’s largest source of growth in 2013—a trend that’s expected to continue into 2014, Ernst & Young indicated in its US quarterly outlook.

Hess to sell Utica acreage for $924 million

Hess Corp. has agreed to sell 74,000 acres of its dry gas acreage in the Utica shale to an undisclosed buyer for $924 million.

Quick hike seen in Iranian oil output if sanctions lifted

Iran can push production of crude oil back to 3-3.5 million b/d “relatively quickly” in the absence of international sanctions, says a veteran observer of the Islamic Republic.

Market Connections

IMC Global

Payment Clerk & Office Asst.

IMC is offering a position of Payment Clerk & Office Asst. Earn extra income, Flex. schedule + benefits that takes only little of your time. Re...
Montana Tech

Mechanical Engineering Asst/Assoc Professor

Mechanical Engineering Asst/Assoc Professor; The successful candidates will be responsible to teach undergraduate and graduate Mechanical Engineer...
Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization.

Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization

Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petrol...
idahodepartmentofland

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 ...
Increas YOUR Foundational Knowledge of Oil & Gas

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

Stay Connected