The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB
Oil & Gas Journal Archive
- Senators want US to use all options to oppose Nord Stream 2 pipeline
- API: US petroleum demand in February hit 20.3 million b/d
- IEA raises global oil demand estimate for 2018
- Porges named interim EQT president, CEO
- MARKET WATCH: NYMEX holds under $61/bbl on forecasts of higher shale production
- Pioneer to restart Texas field shut by fire
- Court rejects NYSDEC’s appeal of FERC’s Valley Lateral ruling
- Pruitt issues guidance clarifying NSR evaluations
- US sanctions on Venezuela could backfire, speakers warn at forum
- OPEC forecasts rising non-OPEC oil supply, especially US oil production
- EIA: US crude oil inventories up 5 million bbl
- MARKET WATCH: NYMEX crude oil settles under $61/bbl on US Cabinet shifts
- Trump fires Tillerson as secretary of State, names Pompeo as successor
- Woodside enters into deal to operate Scarborough gas field
- Eni strikes deals for concessions off Abu Dhabi
With a $31.1 million cash offer, W&T Offshore Inc. was the successful bidder on an interest in three blocks in Heidelberg field in the Gulf of Mexico offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt International Energy Inc. and its subsidiaries.
A ductile tensile overload fracture of a subsea jumper’s load limiting joint led to an estimated 1,926 bbl of crude oil leaking from a Shell Offshore Inc. offshore platform in the Gulf of Mexico on May 11, 2016, a US Bureau of Safety and Environmental Enforcement panel’s investigation concluded.
Oil prices fell on markets in New York and London Mar. 12, and the US benchmark continued falling in early trading Mar. 13 after the US Energy Information Administration’s latest drilling report forecast tight oil production will rise by 131,000 b/d in April to 6.95 million b/d.
Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Co., has agreed to acquire 10% participating interest in the Shourouk concession and its supergiant Zohr gas field offshore Egypt from Eni SPA for $934 million.
A debate about the proposed Nord Stream 2 natural gas pipeline at the Atlantic Council on Mar. 12 quickly became heated as some participants argued that it would serve a broader Russian political purpose while others said it simply would increase available supplies for European customers. Speakers generally seemed to agree that the US should encourage an effective solution but keep its distance otherwise.