More Unconventional News

Det Norske to buy Marathon Oil’s Norway business for $2.7 billion

Jun 2, 2014

Det Norske Oljeselskap ASA has entered into a definitive agreement to acquire Marathon Oil Norge AS, a wholly owned subsidiary of Marathon Oil, for $2.7 billion, effective Jan. 1, 2014.

More Pennsylvania Marcellus processing starts up

Jun 2, 2014

MarkWest Energy Partners LP, Denver, has begun operations at its 120-MMcfd Bluestone II cryogenic gas processing plant, its 20,000-b/d C2+ fractionator, and its 32-mile C2 pipeline connecting to Mariner West.

Baker Hughes: US drilling rig count rises to 1,866

May 30, 2014

The US drilling rig count gained 9 units to reach 1,866 rigs working during the week ended May 30, Baker Hughes Inc. reported.

Total suspends work on Joslyn SAGD oil sands project

May 30, 2014

Total SA has reported it will suspend engineering and design work on the $11 billion (Can.) Joslyn Creek steam-assisted gravity drainage (SAGD) oil sands project, 60 km north of Fort McMurray in Alberta. The company said it will lay off 150 of the project’s staff.

AER: Bitumen, crude oil production up in 2013

May 30, 2014

Alberta’s bitumen production increased 8% in 2013 while crude oil production increased 5%, according to an annual report from Alberta Energy Regulator.

Statoil, PTTEP complete Canadian oil sands agreement

May 29, 2014

Statoil AS and Thailand’s PTT Exploration & Production PCL (PTTEP) completed an agreement to divide their interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada, said Statoil.

Environmental review issued for California refinery revamp

May 27, 2014

California’s Kern County Planning & Community Development Department (KCPCDD) has issued a draft environmental impact report (EIR) for Alon USA Energy Inc.’s request to increase the flexibility of its existing 70,000-b/d Bakersfield, Calif., refinery to process cost-advantaged light crude oils sourced from North American shale regions.

Bakken similar to other light crudes, study for NDPC finds

May 26, 2014

Bakken crude oil is similar to other North American light, sweet grades and does not pose a greater rail transportation risk than other transportation fuels, a study commissioned by the North Dakota Petroleum Council (NDPC) concluded.

Bakken crude within rail car safety design standards, AFPM study says

May 26, 2014

Bakken crude oil is well within the safety standards for current rail car designs, an American Fuel & Petrochemical Manufacturers report concluded.

Baker Hughes: US drilling rig count declines to 1,857

May 23, 2014

The US drilling rig count dropped 4 units to 1,857 rigs working during the week ended May 23, Baker Hughes Inc. reported.

Lukoil, Total form JV for tight-oil pilot in Western Siberia

May 23, 2014

Russia’s OAO Lukoil and France’s Total SA have formed a joint venture for a pilot project for exploration and development of tight-oil reserves in the Bazhenov play in Western Siberia.

XTO, Linn swap Hugoton, Wolfcamp acreage

May 21, 2014

XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to acquire 26,000 acres, mostly in the Midland basin, from Linn Energy LLC in exchange for a portion of XTO’s interest in the Hugoton gas field in Kansas and Oklahoma, effective June 1. The transaction is expected to close in the third quarter.

Sanchez to buy Eagle Ford acreage from Shell for $639 million

May 21, 2014

Sanchez Energy Corp., Houston, has agreed to acquire 100% working interest in 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Tex., from Royal Dutch Shell PLC for $639 million, effective Jan. 1. The agreement is expected to close at the end of the second quarter.

Hess completes expansion of Tioga gas plant in North Dakota

May 21, 2014

Hess Corp. has completed the expansion of its Tioga gas plant in northwestern North Dakota.

Bakken similar to other light crudes, study for NDPC finds

May 20, 2014

Bakken crude oil is similar to other North American light, sweet grades and does not pose a greater rail transportation risk than other transportation fuels, a study commissioned by the North Dakota Petroleum Council (NDPC) concluded.

Koch to expand Eagle Ford crude line

May 20, 2014

Koch Pipeline Co. LP, an indirect, wholly owned subsidiary of Koch Industries Inc., plans to install a 24-mile, 200,000-b/d pipeline in San Patricio County, Tex., effectively expanding the company’s South Texas crude oil pipeline system.

Keyera takes stake in Enbridge Athabasca diluent line

May 20, 2014

Keyera Corp. has agreed with Enbridge Pipelines (Athabasca) Inc. to participate in the Norlite Pipeline as a 30% nonoperating owner. The Norlite Pipeline will move diluent for producers from the Edmonton-Fort Saskatchewan area into the Athabasca oil sands region.

NTSB begins investigation of Virginia crude train derailment

May 19, 2014

The National Transportation Safety Board took charge of the investigation into the Apr. 30 derailment of a train carrying crude oil in Lynchburg, Va., but it will be months before conclusions are reached and recommendations are issued, the investigator-in-charge said.

Baker Hughes: US drilling rig count lifts to 1,861

May 16, 2014

The US drilling rig count gained 6 units to 1,861 rigs working during the week ended May 16, Baker Hughes Inc. reported.

Mayer Brown: Brazil reexamines its presalt policies

May 15, 2014

Brazil’s government is considering proposals to open operatorship of its presalt projects to companies other than state-run Petroleo Brasileiro SA (Petrobras), and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law’s firm’s annual energy conference in Houston on May 15.

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