Drilling

Oil

Russian sanctions could impact 3Q profits: Schlumberger

Source: 
FuelFix

Stricter sanctions against Russia are restricting some of its equipment and personnel in the country, Schlumberger said Tuesday, warning that the situation could affect its profits in the third quarter, FuelFix reports.

Oil

Texas energy company says worker slaying isolated

HOUSTON (AP) — Texas-based energy company Apache Corp. said it believes the killing of one of its supervisors in the western Egyptian desert in a carjacking was an isolated incident.

Spokesman Bill Mintz wouldn't elaborate Tuesday on how the Houston company made this assessment. He said the slaying was a police matter and that the company was cooperating with investigators.

Security officials in Egypt said the Apache worker's body was found Friday in a car on a road outside Cairo. The man had been shot to death as he was driving last Wednesday in the desert between Qarun and Karama, southwest of Cairo.

Oil

API teleconference on Interior 2017-2022 offshore lease plan

Washington, August 13, 2014, 10:30 am

American Petroleum Institute holds media teleconference on its comments on the Interior Department 2017-2022 offshore oil and gas leasing plan.

Oil

Better quality control needed on subcontractors, says probe of subsea bolt problem

Source: 
FuelFix

A report by the Interior Department’s Bureau of Safety and Environmental Enforcement into a problem with a Chevron well in the Gulf of Mexico in December, 2012 found that connector bolts used had become brittle because they were not treated properly after being electroplated, and the problem wasn’t caught because quality management systems didn’t monitor the work of subcontractors, FuelFix reports.

Oil

Worker death in Egypt adds pressure on Apache

Source: 
FuelFix

The shooting death of a long-time Apache Corp employee in Egypt last week highlights the dangers of operating in the country and adds pressure on the company to accelerate its pullout from risky international operations to refocus on North American production, FuelFix reports.

Mexico opens gas, oil to foreign, private firms

MEXICO CITY (AP) — President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting in place regulatory and oversight agencies to implement the new rules by the end of August.

Oil

Alaska losing out in U.S. energy boom

Source: 
The Wall Street Journal

Oil production continues to fall in Alaska's North Slope, and the industry there also is being hurt by prices driven down by the shale boom in places like North Dakota, The Wall Street Journal reports.

Oil

Firm hasn't paid ND fine for wastewater violation

BISMARCK, N.D. (AP) — It's been two years since state regulators touted a record $1.5 million fine against a company for illegally dumping 20,000 barrels of toxic liquid and threatening drinking water supplies near a large western North Dakota city, and little has changed. The now-dissolved company is under federal investigation, the penalty is unpaid and the affected site is still contaminated.

Environmental groups are calling for more federal oversight of North Dakota's exploding energy development, saying that the state has done practically nothing to penalize the company and that the illegal dumping near Dickinson wouldn't have happened if state regulators were required to do due dillgence. A simple Internet search would have revealed that the company's owner had a criminal past long before wells were drilled in North Dakota, they say.

Oil

Russia starts drilling its northernmost oil well

MOSCOW (AP) — Russia has begun drilling on its northernmost oil well, in the Kara Sea off the northern coast of Siberia.

The well is part of a joint project between the Russian state-owned oil company Rosneft and ExxonMobil to develop the region's oil reserves, which are estimated at up to 100 billion barrels.

Oil

Texas energy company worker killed in Egypt

HOUSTON (AP) — An American employee of Texas-based energy company Apache Corp was killed last week in an apparent carjacking in the western Egyptian desert, officials said Sunday.

"The victim was a long-time employee who works with production operations and we are deeply saddened by his death," Apache spokesman Bill Mintz said. "Apache is working with authorities and a full investigation is underway."

He said the attack occurred Wednesday as the employee was driving in the desert between Qarun and Karama, southwest of Cairo.

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