Archives

Feb
9
2017

GOP senators introduce bills to curb federal regulation of fracing

Two US senators introduced separate bills aimed at restricting federal regulation of hydraulic fracturing in onshore oil and gas activities. Both measures were referred to the Energy and Natural Resources Committee, where they may be combined before being considered. …read more Source: Oil Gas Journal   

Feb
9
2017

Tengizchevoil lets contract for pump project in Kazakhstan

Tengizchevoil LLP (TCO) has selected Fluor Corp.’s joint venture team, KPJV, to execute the front-end engineering and design for TCO’s multiphase pump project in Kazakhstan. …read more Source: Oil Gas Journal   

Feb
9
2017

Parsley to spend $2.8 billion in latest Midland basin acreage haul

Parsley Energy Inc., Austin, has agreed to acquire undeveloped acreage and producing oil and gas properties in Permian’s Midland basin from recently formed Double Eagle Energy Permian LLC for $2.8 billion. …read more Source: Oil Gas Journal   

Feb
8
2017

EIA: Global oil market to rebalance during 2017-18

Beginning with the February Short-Term Energy Outlook, the US Energy Information Administration incorporated significant upward revisions to historical liquid fuel consumption from 2013-14, with the largest changes occurring in China and other nonmembers of the Organization for Economic Cooperation and Development. …read more Source: Oil Gas Journal   

Feb
8
2017

Wood urges UKCS industry collaboration

Ian Wood, who led development of a strategy to revive oil and gas work on the UK Continental Shelf, says the industry risks falling far short of realizing full North Sea potential. …read more Source: Oil Gas Journal   

Feb
8
2017

Deloitte: Oil, gas M&A activity in 2016 exceeded 2015 levels

Global oil and gas mergers and acquisitions activity rose in 2016 against weak commodities, with deal count and deal values higher than 2015 levels, according to a recent report from Deloitte. …read more Source: Oil Gas Journal   

Feb
8
2017

Shell to decommission part of Brent field in UK North Sea

Shell UK Ltd. announced an extended 60-day public consultation on recommendations to decommission certain platforms on Brent oil and gas field in the UK North Sea. Shell submitted a decommissioning program to the UK Department of Business, Energy, and Industrial Strategy (BEIS). …read more Source: Oil Gas Journal   

Feb
8
2017

Eni starts production from East Hub project offshore Angola

Eni SPA has started production from the East Hub development project on deepwater Block 15/06 offshore Angola. …read more Source: Oil Gas Journal   

Feb
7
2017

BHI: Global rig count in January recorded first year-over-year increase since 2014

The ongoing drilling rebound in North America has given the global rig count its first year-over-year increase since December 2014, a month that marked the beginning of a drilling dive that lasted to mid-2016. …read more Source: Oil Gas Journal   

Feb
7
2017

Pennsylvania DEP seeks comments on proposed methane emissions rules

Pennsylvania’s Department of Environmental Protection opened a 45-day public comment period on Feb. 4 on two general permits and revisions to an air quality permit exemption for reducing methane and other pollutants at well sites and compressor stations associated with natural gas drilling and transportation. Comments will be accepted until Mar. 21, it said. …read […]

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