Cuadrilla wins approval to frac UK wells

Cuadrilla Resources Ltd., Preston, UK, has received approval of the UK secretary of state for communities and local government to hydraulically fracture as many as four wells at a Bowland basin shale prospect in Northwest England. Source: News


BOEM, Mexico’s ASEA sign Gulf of Mexico cooperation agreement

The US Bureau of Ocean Energy Management and Mexico’s Agency for Safety, Energy, and Environment (ASEA) signed a letter of intent to strengthen cooperation, coordination, and information sharing on environmental matters related to Gulf of Mexico offshore hydrocarbon activities. Source: News


OKEA to buy Wintershall’s stake in Yme license

OKEA AS, Trondheim, has signed an agreement to acquire the 10% stake in the Yme license owned by Wintershall Norge AS in the Norwegian North Sea. Financial terms weren’t disclosed. Source: News


US energy policy moves in ’70s weren’t complete mistakes, speakers say

US government responses to two major crude-oil supply interruptions in the 1970s may appear to generally have created more problems than they solved, speakers at a Resources for the Future (RFF) forum said. But several also laid the framework for potentially more rational responses in a public atmosphere that possibly could become better informed and […]


MARKET WATCH: Front-month NYMEX crude oil contract approaches $50/bbl

The light, sweet crude contract for November delivery climbed more than $1/bbl to approach $50/bbl by settlement Oct. 5 after the US Energy Information Administration reported the country’s oil inventories fell sharply to the lowest level since January. Oil prices continued to climb Oct. 6 in early trading. Source: News