More Oil & Gas News

MARKET WATCH: US crude oil prices rebound modestly awaiting inventory report

Crude oil prices rose modestly on the New York market Dec. 9 while analysts awaited the US government weekly inventory report on crude oil and product supplies, which showed an increase despite some expectations that the crude oil level would decline.

ExxonMobil forecasts 35% higher world energy demand by 2040

A significantly bigger global middle class, expanded emerging economies, and 2 billion more people will contribute to 35% higher world energy demand by 2040, ExxonMobil Corp. forecasts in its 2015 energy outlook.

Total reorganizes E&P management

The E&P branch of Total SA will be restructured into five geographical divisions, an exploration division, and five functional divisions. All moves are effective Jan. 1, 2015 unless specified otherwise.

Chevron, ONGC among companies awarded 15 exploration permits by New Zealand

New Zealand’s government has awarded six onshore permits across the Taranaki, West Coast, and East Coast basins, and nine offshore permits across the Taranaki, East Coast, Reinga-Northland, and Pegasus basins, all part of the country’s Block Offer 2014.

EOG Resources sells bulk of Canadian assets

EOG Resources Inc., Houston, has divested all its Manitoba assets along with certain assets in Alberta in two separate deals that closed on Nov. 28 and Dec. 1., totaling $410 million.

 

Small subset of wells accounts for most methane emissions, researchers say

A small subset of natural gas wells are responsible for most methane emissions from US natural gas production, said a study from the University of Texas at Austin. Researchers cited the two major sources of methane emissions from wells as liquid unloadings and pneumatic controller equipment.

MARKET WATCH: Crude oil prices briefly dip to 5-year lows

Oil prices on the New York and London markets remained volatile, briefly trading around lows not seen since 2009 although prices were attempting to rebound in early Dec. 9 trading.

Methane controls just part of complete climate strategy, speakers say

Reducing oil and gas operations’ methane emissions is an essential, but far from the only, part of a comprehensive climate strategy, speakers at a Center for Strategic and International Studies event agreed. Efforts should be combined with an aggressive program to curb excessive carbon dioxide releases, they said.

ConocoPhillips slashes 2015 capital budget

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

Whiting completes acquisition of Kodiak

Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. following the issuance of a final order by the Supreme Court of British Columbia approving the deal on Dec. 5.

MARKET WATCH: NYMEX, Brent crude oil prices plummeting on stronger US dollar

Oil prices plummeted on the New York and London markets Dec. 5 and continued downward in early Dec. 8 trading. Analysts noted both US light, sweet crude oil prices and Brent crude oil prices appeared headed toward 5-year lows as the US dollar strengthened.

EPA poses tighter ground-level ozone pollution controls

The US Environmental Protection Agency proposed reducing ground-level emissions limits to 65-70 ppb from its current level of 75 ppb. It also will take comments on possibly cutting limits to 60 ppb.

EPA air proposals should recognize progress, API official says

The US Environmental Protection Agency should recognize progress that is continuing before it considers imposing costly new air quality requirements, an American Petroleum Institute official suggested.

Rail tank car rule could cost economy billions, report says

The US Pipeline and Hazardous Materials Safety Administration's (PHMSA) proposed rail tank car rule could cost the US economy as much as $60 billion, a report commissioned by the Railway Supply Institute (RSI) found.

Cost-benefit believability

In anticipation of what might become the costliest federal regulation in US history, Congress should join the Supreme Court in reviewing the Environmental Protection Agency's skewed approach to the economic consequences of its actions.

Market Connections

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the duties of Director of Technical Services.  GPA is based in Tulsa, Oklahoma and has been the primary advocate for the midstream energy industry since 1921.  The position requires leadership of the technical and research activities of GPA and the midstream energy industry.  Knowledge of gas treating and processing together with good communication, writing and interpersonal skills is essential.  In addition, candidates must have analytical and technical aptitude for chemistry, math and physics.  A Bachelor of Science in chemical or mechanical engineering is preferred.

NOW HIRING: Director of Technical Services

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the du...
EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR  engineers w/ 10+ yrs field exp. to design  & lead CO2 EOR projects in China.  Immediate hire.  Contact Evelyn Ray: erayking888@gmail.com or 917-864-2649

EOR ENGINEERS

EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR engineers w/ 10+ yrs field exp. to design & lead CO2 EOR projects in China. Immediate hire. Co...
Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
Pipeline Leak Detection Dogs for Sale Dogs that detect leaks in buried Natural Gas and Oil Pipelines. Fast, Accurate & Dependable. Great asset for Integrity Testing Companies, Major Oil & Gas Corp. & Individuals. For more info visit www.k9pta.com or call 352 552-4855.

Pipeline Leak Detection Dogs for Sale

Pipeline Leak Detection Dogs for Sale Dogs that detect leaks in buried Natural Gas and Oil Pipelines. Fast, Accurate & Dependable. Great asset ...
Stay Connected