Drilling

Oil

Flexibility needed for Arctic drilling, say Shell, ConocoPhillips

Source: 
FuelFix

In private meetings at the White House earlier in September, Shell and ConocoPhillips pleaded for flexibility in enforcing new rules proposed by the Interior Department to govern Arctic drilling, FuelFix reports.

pecha_1oil_well_072207_242-ed.jpg

WBM Management Inc.

Energy industry suppliers: Fracking equals jobs

Energy sector suppliers have a message for lawmakers: Stay out of the way of hydraulic fracturing, and we'll create hundreds of thousands of new jobs and generate billions of dollars in new tax revenues.

That was the bottom line of a new study by consulting firm IHS, commissioned by the Energy Equipment & Infrastructure Alliance, which estimates employment at companies that supply goods and services for the shale oil and gas boom could grow 45 percent to 757,000 jobs by 2025.

Oil

Mexican officials to travel to push oil bidding

Source: 
The Wall Street Journal

A meeting Thursday with interested Mexican companies will be followed by Energy Ministry officials' trips to Houston, New York and London to meet with investment bankers and senior executives, as Mexico takes pains to lay out details of the bidding round on the 169 blocks of reserves being made available, the deputy minister told The Wall Street Journal.

Oil

Halliburton CEO defends fracking, says global expansion "difficult"

Source: 
The Wall Street Journal

Fracking is safe, Halliburton CEO Dave Lesar told The Wall Street Journal in an interview, but added that expanding the practice into other countries will be “really difficult.”

Oil

UK oil focus returns to North Sea woes after Scottish ‘no’

Source: 
Platts

The Scottish “no” vote on independence – which was welcomed by Royal Dutch Shell's CEO – lifts the burden of uncertainty from oil companies, leaving them clear to focus on how to get more out of declining North Sea oilfields, Platts reports.

Oil

Exxon to wind down Russian drilling project

NEW YORK (AP) — Exxon Mobil said Friday that it will wind down a drilling project in Russia in compliance with U.S. sanctions, but said it received a license to keep working beyond the sanctions' deadline in order to complete the work.

U.S. sanctions against Russia over its involvement in the Ukraine require the removal of U.S. workers on projects in the Russian Arctic and other select locations by September 26. 

Oil

Exxon-Rosneft Arctic drilling likely to stop: Russian minister

Source: 
Reuters

Western sanctions over the Ukraine crisis will likely put the brakes on a joint drilling project between Exxon Mobile and Rosneft in the Kara Sea, Russia’s natural resources minister said Friday, Reuters reports.

Oil

Continental hits more oil in Oklahoma

Source: 
The Financial Times

Bakken Shale giant Continental – with Jack Stark newly promoted as president and COO -- told analysts Thursday that the South Central Oklahoma Oil Play, or SCOOP, could hold as much as 3.6 billion barrels of oil and gas equivalent, The Financial Times reports.

Oil

Shell to drill up to 6 wells on separate Chuckchi Sea blocks

Source: 
FuelFix

Shell envisions years worth of exploratory Arctic drilling, with up to six wells on separate blocks in the Chukchi Sea, according to the company’s blueprint released to the public by the Bureau of Ocean Energy Management, FuelFix reports.

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.

Pages

Subscribe to Drilling