Drilling

Oil

Oil and gas software donation from Schlumberger to school

Source: 
The Times-Picayune

Schlumberger has given the University of New Orleans a three-year license for oil and gas exploration software, the global oilfield services company saying it wants to give UNO's earth sciences students some help, The Times-Picayune reports.

Oil

Ukraine problems unsettling Exxon plans for Black Sea drilling

Source: 
Bloomberg

Exxon Mobil Corp.'s $735 million plans to drill two wells in the Black Sea have been thrown into confusion by the upheaval around Ukraine and Crimea, Bloomberg reports.

Oil

Permian drilling boosting rig count this week

Source: 
Bloomberg

Companies learning how best to drill horizontally in the Permian Basin boosted the U.S. oil rig count this week, according to an Arkansas-based analyst, Bloomberg reports.

Oil

US rig count up 23 to 1,792

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by 23 this week to 1,792.

The Houston firm said in its weekly report Friday that 1,443 rigs were exploring for oil and 345 for gas. Four were listed as miscellaneous. A year ago there were 1,752 active rigs.

Of the major oil- and gas-producing states, Texas gained 20 rigs, California was up by five, North Dakota two, and Kansas, Louisiana, Ohio, Oklahoma, Pennsylvania and Utah each gained one.

Oil

Kazakhstan sues majors after gas leaks delay Kashagan project

Source: 
Reuters

Kazakhstan is suing a consortium of major oil companies including Exxon and Royal Dutch Shell, for delays and pollution from gas leaks at the country's massive Kashagan oilfield, Reuters reports.

Oil

Worry over soaring costs pervades CERAWeek

Source: 
The Wall Street Journal

The major concern for the world's top oil company executives, gathered in Houston for the CERAWeek conference this week, appeared to be the soaring costs of exploration and production, The Wall Street Journal reports.

Oil

Panel finds flaws in FracFocus registry

Source: 
FuelFix

Oil companies aren't publishing all of the information they should in the FracFocus registry, according to a draft report by an Energy Department advisory panel, which also found errors in some of the data, FuelFix reports.

Oil

Miss. leaders promote using carbon dioxide in oil output

JACKSON, Miss. (AP) — Gov, Phil Bryant and others are extolling Mississippi as a national leader in using carbon dioxide to extract more oil from old oil fields.

Officials from elsewhere gathered Thursday in Jackson to discuss expanding what's called enhanced oil recovery. Proponents say it could be a way to increase oil production while at the same time storing carbon dioxide underground, mitigating global warming.

A majority Mississippi oil production today comes from using carbon dioxide in older fields, driven by an underground carbon dioxide source called the Jackson Dome, which is piped to fields.

Oil

Michigan charges energy companies with bid-rigging

CHEBOYGAN, Mich. (AP) — Michigan Attorney General Bill Schuette said Wednesday that he has filed criminal charges against Chesapeake Energy Corp. and Encana Corp., accusing them of colluding to avoid bidding against each other for Michigan oil and gas leases.

Schuette said the antitrust violations happened in 2010, when Oklahoma City-based Chesapeake and Calgary, Alberta-based Encana bought natural gas leases in Michigan.

"I will aggressively prosecute any company who conspires to break the law," he said.

Oil

Exxon to cut spending but sees production rising

NEW YORK (AP) — Exxon Mobil Corp. says it will cut capital spending by 6 percent this year and overall production will be flat. The shares fell nearly 3 percent.

The nation's biggest oil company said Wednesday that it will spend $39.8 billion on energy projects and other costs this year, down from $42.5 billion last year.

Exxon said that barring acquisitions, annual spending will average less than $37 billion from 2015 to 2017.

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