Hydraulic fracturing stymied in Canadian East

Hydraulic fracturing remains stymied in two of Canada’s Atlantic provinces. New Brunswick has extended indefinitely a moratorium on the completion technique imposed in 2014. And an independent panel appointed that year to assess hydraulic fracturing in Newfoundland and Labrador has refused to endorse the method.  Source: News

Carnarvon acquires Timor Sea permit

Carnarvon Petroleum Ltd., Perth, has acquired 100% of Timor Sea permit WA-523-P, which borders the western edge of the Joint Petroleum Development Area between Australia and Timor Leste and contains the small abandoned Buffalo oil field. Source: News

COGCC outlines impacts if voters approve proposed mandatory setback

Ninety percent of Colorado’s surface acreage would be off-limits to future oil and gas development or hydraulic fracturing under a November ballot initiative that would establish a minimum 2,500 ft mandatory setback from any “occupied structure” or “area of special concern,” the Colorado Oil & Gas Conservation said in a May 27 report. Source: […]

Cutt appointed Cobalt International CEO

Timothy J. Cutt has been named chief executive officer and Class 1 member of the board of directors of Cobalt International Energy Inc., Houston, effective July 2. Until last March, he was president, petroleum, of BHP Billiton. Source: News