Norwegian gas processing plant due capacity revamp

Gassco AS, operator for Gassled-a joint venture of oil and gas companies on the Norwegian continental shelf and the owner of Norwegian gas transportation systems-is planning to boost capacity for handling rich gas by yearend at its 90 million-cu m/day Karsto gas processing plant near Haugesund on Norway’s west coast. Source: News

EIA: Costs of US oil, gas wells declined since 2012

Average well drilling and completion costs in five key onshore areas in the US evaluated in 2015 were between 25% and 30% below the 2012 level, when costs per well were at their highest point over the past decade, according to the US Energy Information Agency’s recent study, Trends in US Oil & Natural Gas […]

Keep lease sale in OCS plan, Mid-Atlantic House members urge Jewell

Three US House Republicans from Mid-Atlantic coastal states asked US Interior Sec. Sally Jewell to keep all of the proposed area for an oil and gas lease sale off their states in the next 5-year US Outer Continental Shelf management program. Source: News

Big losses reported in 4Q 2015 on writedowns, low oil prices

Weighed by lower commodity prices and asset impairments, a sample of 59 US-based oil and gas producers and refiners posted combined net losses of $39.98 billion in fourth-quarter 2015 compared with earnings of $9.56 billion in the same quarter a year earlier. Source: News

Heat and health

When federal agencies warn about “premature death,” Americans should hide their rainy-day funds. Gloomy officials never leave other people’s money alone. Source: News

Spring, color, wisdom

Spring has officially sprung in Houston, and as happens every year for many of us, the signs of her arrival stir a strange sense of feeling torn between hopeful assurance about the sweetness of the days ahead but utter misery over the price our allergies will pay before those days are here. Source: News