Continental Resources Inc., Oklahoma City, has reported a capital expenditures budget for 2016 of $920 million, a 66% reduction from the planned $2.7 billion for 2015. Source: News
TAEP: Chances of near-term industry recovery in Texas eroded by abundant crude supply
Crude oil production in Texas during 2015 totaled 1.27 billion bbl despite dramatic declines in of permitting, drilling, and completions, according to the Texas Petro Index (TPI) from the Texas Alliance of Energy Producers (TAEP). Source: News
Ahdi field gas plant starting in Pakistan
Pakistani government officials have inaugurated a third natural gas processing plant at Adhi oil and gas field operated by Pakistan Petroleum Ltd. about 70 km south of Islamabad. Source: News
26 Jan 2016 16:00:00 EST – The latest stock information is now available for your stocks
XOM Last 76.7 Change +2.72 % Change 3.68% Volume 18,173,746 As of: 26 Jan 2016 16:00:00 EST View: Stock Quote | News CVX Last 84.12 Change +3.23 […]
26 Jan 2016 15:01:46 EST – The latest stock information is now available for your stocks
XOM Last 75.9463 Change +1.9663 % Change 2.66% Volume 12,257,207 As of: 26 Jan 2016 15:01:46 EST View: Stock Quote | News CVX Last 83.41 Change +2.52 […]
CNPC-Chevron JV starts Luojiazhai gas flow
A joint venture of China Natural Petroleum Corp. and Chevron Corp. has started commercial production from Luojiazhai natural gas field, part of the Chuandongbei sour-gas project in the Sichuan basin of southwestern China (OGJ Online, Nov. 9, 2009). Source: News
Iran advances refinery, pipeline projects
Parsian Oil & Gas Development Co. (POGDC), Iran’s largest nongovernmental petrochemical holding, has entered an agreement with Italy’s Saipem SPA, Milan, to collaborate on future projects involving major overhauls designed to modernize two Iranian refineries under POGDC’s management. Source: News
26 Jan 2016 14:12:43 EST – The latest stock information is now available for your stocks
XOM Last 76.04 Change +2.06 % Change 2.78% Volume 10,864,274 As of: 26 Jan 2016 14:12:43 EST View: Stock Quote | News CVX Last 83.45 Change +2.56 […]
Highest bidder declared for Quicksilver assets
BlueStone Natural Resources II LLC, Tulsa, has won a Bankruptcy Court-approved auction for assets belonging to Quicksilver Resources Inc., Ft. Worth, and its US subsidiaries following a marketing process that began last September (OGJ Online, Sept. 18, 2015). Source: News
Hess reduces 2016 budget by 40% to 2.4 billion
Hess Corp. is planning a 2016 capital and exploratory budget of $2.4 billion, a 40% reduction from its 2015 actual spend of $4 billion and 20% below its preliminary 2016 guidance of $2.9-3.1 billion provided in October. Source: News