More Oil & Gas News

BP gets key approval for $12-billion Tangguh LNG expansion

Indonesia’s Ministry of Environment has approved the environmental and social impact assessment, known as AMDAL, for the BP PLC-led Tangguh LNG expansion project in Teluk Bintuni, Papua Barat province, and an environmental permit has been issued.

Europe's renewable future

With European offshore hydrocarbon production on the decline, a host of developments promise to breathe new life into several regions.

MARKET WATCH: Crude oil, gas futures start August lower

The New York Mercantile Exchange September crude oil contract declined 29¢ on Aug. 1, closing at $97.88/bbl. The October contract decreased 38¢ to $96.94/bbl.

Vanguard to acquire Cotton Valley, East Haynesville acreage

Vanguard Natural Resources LLC, Houston, has entered into a definitive agreement to acquire natural gas, natural gas liquids, and oil assets in North Louisiana and East Texas from Dallas-based Hunt Oil Co. for $278 million, effective June 1.

Contests of fairness

While sidling toward a sensible-sounding appeal for tax reform recently, President Barack Obama couldn't resist a swerve into populism. "You don't get to pick which rules you play by or which tax rate you pay," Obama said in his weekly address on July 26. "And neither should these companies."

Study examines return-investment balance

Europe and Africa are the regions under greatest scrutiny by major oil and gas companies trying to tighten capital discipline in response to pressure to improve shareholder returns, concludes a new report by Wood Mackenzie.

API survey finds gap between voters, federal officials on development

A substantial gap exists between registered voters' support for more US oil and gas development on federal lands, and what they think federal officials actually are doing about it, according to a recent survey commissioned by the American Petroleum Institute.

States with fracing are economically stronger, House panel told

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

Relative velocity factor advances internal tee erosion prediction

Development of a relative velocity factor comparing inlet flow rates of gas pipeline tees can predict the maximum erosion position inside the tee.

Simplified LWD method improves geosteering, well placement

With the recent advancements in directional drilling and the use of rotary-steerable systems, more deviated and horizontal wells are being drilled and evaluated around the world, especially in Saudi Arabia. In these complex reservoirs, logging while drilling (LWD) wave-propagation allows accurate geosteering and well placement.

Abandoned gulf reservoirs provide low cost, low risk prospects

Production growth of onshore unconventional oil and gas and of deepwater oil has headlined a fundamental change in US hydrocarbon supply in the last 6 years.

New development expected to arrest European offshore decline

After playing a pivotal role in the European economy for decades, offshore hydrocarbon production has declined steeply in recent years and is struggling to arrest the dive.

IG's office recommends EPA begin regulating LDC methane emissions

The US Environmental Protection Agency, which does not regulate methane emissions from natural gas local distribution companies (LDC), should start working with the US Pipeline & Hazardous Materials Safety Administration to address the problem, EPA's inspector general's office said in a July 25 report.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

Climate testimony by EPA chief light on facts, balance

A government official proposing to overhaul energy use should ground arguments in facts and present them with balance.

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