Drilling

Oil

Apache looking to sell oil, gas assets in Alberta

Source: 
The Wall Street Journal

Apache – keeping to its strategy of selling off non-core assets – is hoping to get more than $450 million for oil and gas properties in the Provost area in east-central Alberta, a person familiar with the matter told The Wall Street Journal.

Landmark fracking study finds no water pollution

PITTSBURGH (AP) — The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.

The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies.

Scientists used tracer fluids, seismic monitoring, and other tests to look for problems, and created the most detailed public report to date about how fracking affects adjacent rock structures.

Oil

Layoffs follow BP sale to Hilcorp in Alaska

Source: 
The Associated Press

BP Alaska will lay off 275 staff and contractors next year in the wake of its move to sell interests in North Slope oil fields to Hilcorp, a spokeswoman told The Associated Press.

Oil

US rig count up 6 to 1,931

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by six this week to 1,931, according to oilfield services company Baker Hughes Inc.

The Houston firm said Friday in its weekly report that 1,592 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,768 active rigs.

Oil

German firm buys shares in North Sea oil, gas

BERLIN (AP) — Germany's Wintershall says it is buying shares in North Sea oil and gas fields from Norwegian company Statoil for $1.25 billion.

Wintershall, a subsidiary of BASF SE, said Friday that the transaction is expected to close by the end of the year. The deal includes shares in two production fields, a pipeline project and four exploration licenses.

Oil

CNOOC opens 2014 bidding on offshore leases in China

Source: 
Platts

China National Offshore Oil Corporation has opened bidding on 33 blocks of offshore leases totalling more than 48,000 square miles, stretching from Qingdao in the north to an area off Hainan Island in the South China Sea, Platts reports.

Oil

Statoil working to use oilfield gas instead of flaring it

Source: 
FuelFix

Norwegian company Statoil is expanding a pilot program in the Bakken Shale, where it captures natural gas that is a byproduct of oil drilling, and uses some of it to power oilfield equipment like drilling rigs instead of burning it off, FuelFix reports.

Oil

Oil sands producers to cut environmental impacts

Source: 
The Wall Street Journal

Members of Canada’s Oil Sands Innovation Alliance, which includes some of the world’s big oil companies, will take voluntary steps to reduce the environmental impact of their operations, Cosia’s chief said Tuesday, The Wall Street Journal reports.

Oil

US rig count up 11 to 1,925

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 1,925, oilfield services company Baker Hughes Inc. said Friday.

The Houston firm said in its weekly report that 1,584 rigs were exploring for oil and 340 for gas. One was listed as miscellaneous. A year ago there were 1,767 active rigs.

Oil

US rig count up 18 to 1,914

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 18 last week to 1,914, oilfield services company Baker Hughes Inc. said.

The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,776 active rigs.

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