E&P
Norway Could Cut 22% of Oil and Gas Output if Workers Strike
Norwegian oil firms plan to close down 22% of the country's oil and gas output, or 900,000 barrels of oil equivalent per day, if workers go on strike next week, the Norwegian Oil and Gas Association said.
Trump Seeks out Loyal Donors in West Texas Oilpatch
President Donald Trump's visit to a U.S. fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut that is putting the squeeze on his loyal donors in the petroleum industry.
Record Debts Come Due for Canadian Energy Companies
The Canadian energy industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months. Maturing energy debts this year are more than 40% higher than 2019.
Texas Will Not Mandate Oil Production Cuts
Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether they would wade into global oil politics for the first time in 50 years as crude prices cratered.
Continental Resources Halts Bakken Shale Output, Seeks to Cancel Sales
The largest oil producer in North Dakota has halted most of its production and reportedly told some customers it will not supply crude after the latest price crash, but there are doubts whether force majeure applies.
Fracking Ban Debate Causes Tremors in Battleground Pennsylvania
The notion of banning fracking is dividing the Democrats running for president and increasingly dividing Democrats in the presidential battleground state of Pennsylvania, where fracking has vaulted it to the No. 2 natural gas producer behind Texas.
U.S. Shale Gas Investors Brace for Write-Downs Amid Price Plunge
U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings.
Israel Gets First Gas from Leviathan; Exports to Follow
Israel's $3.6 billion offshore Leviathan field started production on Tuesday, transporting gas via a subsea pipeline connected to Israel's transmission system and on to consumers throughout the country.
Israel Signs Egypt Gas Permit, Becomes Major Energy Exporter
Israel became a major energy exporter for the first time on Monday after signing a permit to export natural gas to Egypt. The announcement comes just days before a lucrative Israeli gas field in the Mediterranean Sea is expected to go online.
Associated Gas Contributes to Growth in U.S. Natural Gas Production
A growing share of U.S. natural gas production is associated-dissolved natural gas, produced from oil wells, which is the result of increased crude oil production from low permeability, tight rock formations – Permian, Bakken, Eagle Ford, Niobrara and Anadarko.
Alternative to Congested Pipelines at Risk as Canada Rail Strike Looms
Canada's Teamsters notified Canadian National Railway of plans to strike Tuesday after a stalemate in contract negotiations, threatening an important shipping alternative to congested pipelines for Alberta's oil producers.
Subsea 7 Awarded Shell Offshore Infrastructure Contract Near Aberdeen, UK
Subsea 7 has announced the award of a sizeable contract by Shell for the Pierce depressurization project, located approximately 160 miles offshore, east of Aberdeen.
Jobs Fall as Shale Boom Cools
U.S. oil and gas employment has started to fall as producers and service companies respond to the sharp decline in prices since the fourth quarter of 2018.
Russian LPG Firm Battles Middle East for Chinese Market
An independent Russian producer has made a foray into China's market for LPG, jostling with Middle Eastern countries for what could be a lucrative foothold, market data showed and traders said.
EIA: U.S. Gas, Shale Oil Output to Hit Record in September
U.S. oil output from seven major shale formations is expected to rise by 85,000 bpd in September, to a record 8.77 MMbpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday.
U.S. Shale Oil Output to Rise to Record 8.52 MMbpd in July EIA
U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.
Iraq Close to Signing $53B deal with Exxon, PetroChina
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.
Anadarko Backs Oxy's Revised Bid, Pressuring Chevron to Respond
Anadarko Petroleum Corp's board has backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.
Pakistan to Open Gas Fields, Pipelines to Attract Foreign Investment
Pakistan plans to offers dozens of gas field concessions in the coming year to fill in a fuel shortage, a senior official said, with Islamabad hoping a sharp drop in militant violence and changes to exploration policy will attract foreign investors. To encourage development, the government also plans to make its pipeline system more accessible and affordable.
Argentina Plans Vaca Muerta Production Boost, Pipeline Buildout
Argentina's energy secretary today reiterated his country's commitment to build infrastructure and boost output of natural gas, citing plans for a new 22 MMcm/d pipeline from the Vaca Muerta shale producing region to Buenos Aires.
ExxonMobil Ups Permian Output Target to 1 Million Barrels per Day by 2024
ExxonMobil said Tuesday it has revised its Permian Basin growth plans to produce more than 1 million BOE/d by as early as 2024 – an increase that is driving significant pipeline and infrastructure development.
Bakken Shale: North Dakota's Growth Engine
The Bakken Shale play has catapulted sparsely populated North Dakota to the No. 2 oil-producing state behind Texas, eclipsing historically oil-rich states such as Alaska and California.
Today’s Oil Patch Success: 'It’s Technology, Stupid!'
Upstream and midstream executives have been quick to tell investors how technology and innovation are adding efficiency and cost savings to their operations, even coming out of a three-year global price depression for oil.
2019 Global Pipeline Construction Outlook
The upstream sector started the new year on a cautious note following a sharp decline in oil and gas prices, but the midstream sector roared into 2019 on a wave of pipeline construction activity. The latest Pipeline & Gas Journal survey indicates 145,353 miles of pipelines were planned or under construction worldwide at the start of the year.
Trio of Regions Drive U.S. Natural Gas Production Growth
Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months it has been more than 10% higher, driven by production in the Appalachian Basin, Permian Basin and Haynesville Shale.
Mexico Likely To Keep Making the World’s Biggest Oil Hedge
First signals from President-elect Andres Manuel Lopez Obrador’s staff and advisors are that the new administration will not seek to backtrack on energy reforms that allow foreign firms to win E&P contracts in Mexico.
How the Historic Energy Reform Transformed Mexico’s Oil Fortunes
Five years ago, few would have predicted that Mexico would be capable of overhauling its oil and gas sector, much less through a downturn. Yet since the constitutional reform of 2013, Mexico has dramatically revivified its upstream sector.
2018 Midyear International Update: Pipeline Construction & Market Trends
Global energy trends and forecasts entering the second half of 2018 continue to support a generally bullish outlook for oil and gas production and infrastructure construction to meet growing demand and evolving patterns of interregional trade.
Premier Sanctions North Sea Gas Development, Export Pipeline
Premier Oil said it reached a final decision with its joint venture and infrastructure partners to invest in the development of the Tolmount gas field in Britain's North Sea, including construction of a minimal facilities platform exporting gas to shore via a new gas pipeline.
Innovation, Technology Reshape North Dakota’s Bakken Shale
The Bakken was strewn with casualties before the turnaround, but billionaire oil pioneer Harold Hamm and his teams at Continental Energy Resources Corp. saw opportunities to create better mousetraps in exploring and producing oil and natural gas.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
