Oil & Gas Journal Archive
- Baker Hughes: US rig count down 10 units to 1,012
- Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
- MARKET WATCH: Crude benchmarks drop despite lower US crude supplies
- CAPP 'encouraged' by Alberta premier-elect
- FERC staff issues final EIS for Gulf Liquefaction LNG project
- IOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
- Majors scoop up acreage in offshore Argentina bid round
- Dixit appointed CEO of Cairn Oil & Gas
- DOE announces up to $39 million in oil, gas R&D project grants
- EIA: US shale production to reach 8.46 million b/d in May
- Colorado’s governor signs Senate Bill 181 into law
- EIA: US crude inventories down 1.4 million bbl
- MARKET WATCH: Brent crude prices approaching $72/bbl
- Jones Energy files voluntary bankruptcy
- Concho, Frontier create Midland basin midstream joint venture
The National Petroleum Council has agreed to use the new approach in the US Department of Energy's 2016 Clear Path IV emergency preparedness exercise to independently track progress in implementing recommendations in its 2014 Enhancing Emergency Preparedness for Natural Disasters report and identify opportunities for continued improvement.
The American Fuel & Petrochemical Manufacturers questioned whether it would be appropriate for the US Securities and Exchange Commission to mandate disclosure requirements for environmental, social, and governance matters, particularly related to climate change, for publicly traded companies.
Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies (CCS) basis, excluding identified items, of $1.05 billion, down from $3.76 billion in second-quarter 2015. First-half earnings on a CCS basis, also excluding identified items, totaled $2.6 billion, down from $7.5 billion in the same period last year.
Houston independent ConocoPhillips Co. reported a second-quarter net loss of $1.1 billion, down from a second-quarter 2015 net loss of $179 million. Excluding special items, second-quarter adjusted earnings were a net loss of $985 million, down from second-quarter 2015 adjusted earnings of $81 million.
Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with resulting incremental production seen in early 2017.