Drilling

Oil

Midwest economies getting boost from energy boom

Source: 
McClatchy

The shale drilling phenomenon is driving economic gains in Midwestern states, North Dakota in particular, McClatchy reports.

Oil

States confront worries about fracking, quakes

AZLE, Texas (AP) — Earthquakes used to be almost unheard of on the vast stretches of prairie that unfold across Texas, Kansas and Oklahoma.

But in recent years, temblors have become commonplace. Oklahoma recorded nearly 150 of them between January and the start of May. Most were too weak to cause serious damage or endanger lives. Yet they've rattled nerves and raised suspicions that the shaking might be connected to the oil and gas drilling method known as hydraulic fracturing, especially the wells in which the industry disposes of its wastewater.

Now after years of being harangued by anxious residents, governments in all three states are finally confronting the issue, reviewing scientific data, holding public discussions and considering new regulations.

Oil

Colorado quakes: State orders halt to well wastewater disposal

Source: 
Platts

High Sierra Water Services has to stop putting oil and gas wastewater into one of its injection wells near the site of tremors including a 3.4 magnitude earthquake, according to an order from the Colorado Oil and Gas Conservation Commission, Platts reports.

Oil

Rising US oil, gas reserves down to independents: EY analysis

Source: 
FuelFix

The 9 percent increase in U.S. oil and gas reserves in 2013 was down to independents like Anadarko Petroleum active in the country’s shale plays, not the major oil companies, according to an analysis by EY, FuelFix reports.

Oil

China, Vietnam in fresh disagreement over vessel ramming

Source: 
The Wall Street Journal

Vietnam and China have traded accusations about who is responsible for a vessel-ramming incident that took place in the South China Sea Monday, as the fight over a Chinese oil rig drilling in disputed waters continues, The Wall Street Journal reports.

Oil

Maersk Drilling orders GE blowout preventers

Source: 
FuelFix

General Electric will build blowout preventers made to withstand the highest pressure ever, under an order placed by Maersk Drilling, the Danish contractor, for delivery in 2018, FuelFix reports.

Oil

Transocean hopes to raise $350M in partnership IPO

Source: 
FuelFix

Transocean Partners, a Scotland-based master limited partnership spinoff from Transocean Ltd. that already has a share in two deepwater drillships operating under contract with Chevron, hopes to raise $350 million in an initial public offering, FuelFix reports.

Oil

House Rules meets on oil exploration and leasing bill

Washington, June 24, 2014, 3:00 pm

House Rules Committee business meeting on H.R. 4899, the Lowering Gasoline Prices to Fuel an America That Works Act of 2014.

Oil

Okla. drilling boom: More than 2,600 oil, gas wells completed in 2013

Source: 
The Oklahoman

Reports filed with Oklahoma regulators say more than 2,600 oil and gas wells were completed in the state last year, when companies also applied for more than 4,000 permits for the second year in a row, The Oklahoman reports.

Oil

Spain's Repsol makes Russian hydrocarbon discovery

MADRID (AP) — Spanish energy company Repsol has announced what it says is a significant hydrocarbon discovery in a relatively unexplored part of West Siberia.

Repsol S.A. said Monday its joint venture in the region, with Russia's Alliance Oil Co Ltd, is one of its key strategic projects and an important potential area of growth.

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