Oil and gas companies increasingly are using data to improve drilling practices. Rigs provide massive amounts of data to help engineers optimize well performance to reduce downtime and associated costs. Source: News
Natural gas, unconventional resources can assist India in meeting future energy demand
India’s domestic production of crude oil is small compared to its demand. Consumption has grown 8%/year on average through 2015. Imports increased 510,000 b/d from 2010 to 2013, and further increases are expected in the coming years. Source: News
Chevron begins gas production from Alder field in North Sea
Chevron North Sea Ltd. has started production from the Alder high-pressure, high-temperature (HPHT) natural gas-condensate field 160 km from the Scottish coastline in the central North Sea. Source: News
Yukon court overturns approval for ExxonMobil takeover of InterOil
The Court of Appeal of Yukon has overturned the Supreme Court of Yukon’s prior approval of ExxonMobil Corp.’s $2.5-billion takeover of InterOil Corp. following the challenge by dissident InterOil shareholder and former Chief Executive Officer Phil Mulacek. Source: News
MARKET WATCH: NYMEX, Brent crude oil ended week down on OPEC uncertainty
Crude oil prices fell on both the New York and London markets on Nov. 4, marking overall weekly declines of about $5/bbl each. Both benchmarks dropped on escalating doubts that members of the Organization of Petroleum Exporting Countries will be able to agree on how to cut crude oil production. Source: News
US shale gas-advantaged projects strain toward finish line
The shale gas revolution in the US-born nearly a decade ago of technological advancements such as horizontal drilling and hydraulic fracturing that have proven shale plays such as the Marcellus, Utica, and Haynesville prolific-has provided an abundant locally sourced feedstock to a variety of industries that fuel both the US and world economies. Source: […]
Agreement in Vienna?
The oil market cheers every hint that members of the Organization of Petroleum Exporting Countries will agree at a meeting Nov. 30 in Vienna to cut production. Source: News
Fracturing a popular scapegoat
Coffee at the neighborhood breakfast-hamburger joint can be problematic for this Oil & Gas Journal editor. Source: News
After the 2016 elections
The US oil and gas industry will face some serious challenges in the months and years ahead no matter who wins the 2016 presidential election on Nov. 8. Energy issues barely were mentioned in those campaigns. That doesn’t mean they have gone away. Source: News
COP-22 delegates must hide problems of Paris nontreaty
Self-congratulation will dominate COP-22 climate discussions in Marrakech Nov. 7-18 as global elites work to implement the agreement they produced in Paris a year ago. Source: News