Archives September 2014

Sep
17
2014

Statoil to suspend second semi off Norway

Statoil ASA will lay up a second semisubmersible drilling rig that it says exceeds the needs of its current program offshore Norway. …read more Source: Oil Gas Journal   

Sep
16
2014

Study finds bad well construction, not fracing, fouled water wells

Fugitive methane found in water wells above the Marcellus and Barnett shales came from poor well construction, not hydraulic fracturing, a study the National Academy of Sciences released on Sept. 15 concluded. …read more Source: Oil Gas Journal   

Sep
16
2014

AER approves conversion to low-pressure steaming at CNRL’s Primrose East

Alberta Energy Regulator has approved an application by Canadian Natural Resources Ltd. to convert to low-pressure steamflooding at its Primrose East Area 1 bitumen project. …read more Source: Oil Gas Journal   

Sep
15
2014

Gazprom Neft produces millionth bbl from Prirazlomnoye field

JSC Gazprom Neft reports producing the millionth bbl of oil from the Prirazlomnoye field in the Pechora Sea. …read more Source: Oil Gas Journal   

Sep
15
2014

Federal judge finds BP E&P negligent in Macondo crude oil spill

A nearly 5 million bbl crude oil spill following the 2010 Macondo deepwater well blowout in the Gulf of Mexico was the result of operator BP Exploration & Production Inc.’s gross negligence and willful misconduct, a federal district court judge ruled in New Orleans. …read more Source: Oil Gas Journal   

Sep
15
2014

US firms' reported earnings dip in second quarter

Second-quarter profits for a group of 53 US-based producers and refiners totaled $25.45 billion, which was down 8.1% from the same period in 2013. …read more Source: Oil Gas Journal   

Sep
15
2014

The gas market's horizon

This year has been relatively bullish for the US natural gas market, largely because of an extremely cold winter season in much of the nation and the drawdown of storage inventories to record-low levels. …read more Source: Oil Gas Journal   

Sep
15
2014

Punitive regs would harm Pennsylvania, PIOGA president says

A severance tax and other election-year proposals potentially could dismantle Pennsylvania’s unprecedented natural gas production growth, the Pennsylvania Independent Oil & Gas Association’s president warned. …read more Source: Oil Gas Journal   

Sep
15
2014

Christie calls for North American energy system improvements

Mexico, Canada, and the US will need to significantly increase investments in energy systems if they expect to achieve the full benefits of a North American energy renaissance, New Jersey Gov. Chris Christie (R) said during a multiday visit to Mexico. …read more Source: Oil Gas Journal   

Sep
12
2014

Statoil expanding project that captures flare gas in North Dakota

Statoil ASA says a pilot project that captures flare gas in North Dakota is expanding to power six drilling rigs and a hydraulic fracturing fleet. …read more Source: Oil Gas Journal   

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