Oil

Oil

Growing role for 3-D printing in oil and gas industry

Source: 
Houston Chronicle

The oil and gas industry is increasingly using 3-D printers to make small parts, a sign that the technology could play a significant role in the sector in the future, the Houston Chronicle reports.

Oil

Oil, gas industry layoffs a drag on national employment picture

Source: 
USA Today

The oil and gas industry, struggling with lower prices, accounted for much of the 61,000-plus in job cuts announced last month, but the Labor Department is still expected to announce Friday some gains in employment nationwide, USA Today reports.

Oil

Fall in OTC attendance linked to oil price plunge

Source: 
FuelFix

Lower oil prices and growing jobs cuts in the oil and gas industry created a smaller audience at this week's Offshore Technology Conference in Houston, which saw attendance down 12.5 percent from 2014 to 93,400, FuelFix reports.

Belize offshore oil plan sparks worries for reefs, fisheries

BELIZE CITY, Belize (AP) — Belize is considering new offshore drilling regulations that could open up nearly the entire coast to exploration and exploitation, environmental groups have warned, calling it a threat to vital reefs, fisheries and tourism concerns.

The proposal recently made public by the Ministry of Energy would even allow drilling in the vicinity of the Great Blue Hole, a world-famous diving destination that can be seen from space and looks just like what its name suggests, the U.S.-based activist group Oceana said.

EnergyGuardian Photo

Murkowski to move on crude exports, energy reform

The Republican chair of the Senate Energy and Natural Resources Committee is prepared to charge forward on a broad energy reform package, while separately launching an effort to end the 40-year-old ban on crude oil exports.

Speaking at a briefing with reporters Thursday, Sen. Lisa Murkowski, R-Alaska, said her bill to end the export ban, a policy she has decried as “domestic sanctions” on U.S. oil producers, would be introduced on Tuesday.

Oil

Oil slides on profit-taking and stronger dollar

Source: 
The Wall Street Journal

Oil fell more than 3 percent on Thursday as traders took profits and faced a stronger dollar, The Wall Street Journal reports. West Texas Intermediate fell $1.99 to $58.94 a barrel on the NYMEX, while in London, Brent crude lost $2.33, settling at $65.54 a barrel.

Oil

BSEE considering deeper dive into offshore drillers' qualifications

Source: 
FuelFix

The director of the Bureau of Safety and Environmental Enforcement says his staff is exploring the possibility of taking companies' performance history and overall experience into account when assessing their fitness to perform as offshore drillers, FuelFix reports.

Oil

Exxon Mobil: Oil prospecting off Guyana shows promise

GEORGETOWN, Guyana (AP) — The latest effort to find oil and natural gas in disputed waters off Guyana is showing promise, a representative of Exxon Mobil in the South American country said Thursday.

Exxon Mobile country manager Jeff Simons said a bore hole in the Atlantic Ocean in an area claimed by Venezuela has produced positive results though he declined to discuss specifics about what had been found.

Oil

Oil in North Dakota derailment was treated to cut volatility

BISMARCK, N.D. (AP) — A shipment of oil involved in an explosive train derailment in North Dakota had been treated to reduce its volatility, a company official said Thursday.

Hess Corporation spokesman John Roper said the company's oil complied with a state law that requires propane, butane and other volatile gases to be stripped out of crude before it can be transported. That conditioning process lowers the vapor pressure of the oil to reduce the chance of an ignition during a crash.

Oil

Greenpeace wants Shell's lawsuit over protest dismissed

ANCHORAGE, Alaska (AP) — Attorneys for Greenpeace Inc. say Royal Dutch Shell PLC has demonstrated no harm from environmental protesters who boarded a ship carrying a drill rig last month.

In a written motion, Greenpeace asked U.S. District Court Judge Sharon Gleason to reject Shell's request for court-ordered, expanded safety zones around its Arctic drill fleet.

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