Industry Insights

Partners in the deepwater KG-D6 block off the southeast coast of India say the Indian government is seeking about $1.55 billion for natural gas said to have migrated from neighboring blocks. Source: News

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

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 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

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

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

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: […]