31 Mar 2014 More

Energy Transfer Pipeline Approved from Texas to Mexico

posted by Unknown @ 09:16 0 Comments

Energy Transfer  Partners logo
Energy Transfer Partners Houston Pipe Line Co. can now start the construction of a 23 mile pipeline that will extend from Hidalgo County in Texas to the city of Reynosa in Tamalipas state in Mexico.

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30 Mar 2014 More

Halcón Resources to Further Tests in Eagle Ford

posted by Unknown @ 09:05 0 Comments

Halcon Resources logo
Halcón Resources already owns and operates three rigs in the Eagle Ford Shale play and is adding anywhere from three to five completions per month.  Drilling activity is currently concentrated in north Brazos and Robertson County.

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29 Mar 2014 More

Houston Ship Channel Shutdown Halts NGL Exports

posted by Unknown @ 12:52 0 Comments

Image of the Houston Ship Channel
Houston Ship Channel traffic is still at a standstill with more than 100 vessels waiting to either enter or leave the port.  The collision that released more than 100,000 gallons of crude oil is still threatening wildlife there and officials are unclear as to when the channel will be opened to traffic again.

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28 Mar 2014 More

Senator Advocates Crude Oil Exports as a Weapon for Good

posted by Unknown @ 09:25 0 Comments

Crude oil exports in tanker ship
According to Senator Lisa Murkowski of Alaska, not only would exporting crude oil make good economic sense for the United States, it could be a strategic weapon for the benefit of the world.  With the US as one of the world’s top US oil exporters, it could conceivably change the fabric of the world.

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27 Mar 2014 More

Noble Energy Sells Off Stake in Oil Field

posted by Unknown @ 12:49 0 Comments

Noble Energy sells stake
Noble Energy announces that it is bringing in Lazard Ltd. to help sell off its majority stake in the Sinopec oilfield in China, this according to the Wall Street Journal.  The sale could bring in anywhere from 200 to 300 million dollars US.

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25 Mar 2014 More

Natural Gas Prices Bust Through $6

posted by Unknown @ 12:46 1 Comments

Natural gas prices on the rise
Record low temperatures across the nation have led to plummeting supply and surging natural gas prices.  While the price per mcf did drop by 1.4 percent Thursday, still it closed above the $6 mark at $6.06.  Prices are now the highest they’ve been in more than 5 years.

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24 Mar 2014 More

Remembering the Exxon Valdez - 25 Years Later

posted by Unknown @ 10:32 1 Comments

Image of the Exxon Valdez
Today is the 25th anniversary of one of the worst maritime oil spill disasters of all time, the Exxon Valdez.  People everywhere, but especially Alaskans, are remembering the day that changed the lives for many in Prince William Sound forever.

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23 Mar 2014 More

New Enable Midstream CFO Named

posted by Unknown @ 12:39 0 Comments

Rodney J Sailor was named executive vice president and CFO, effective April1, to Oklahoma City-based Enable Midstream. Sailor is currently senior vice president and CFO of WPX Energy.

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22 Mar 2014 More

Lawsuit Filed Against EPL Oil and Gas over Sale

posted by Unknown @ 12:34 0 Comments

An investor of EPL Oil and Gas is suing to stop the sale of the company to Energy XXI, claiming the $1.5 billion sale is too low.

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21 Mar 2014 More

Occidental Petroleum Makes Houston New Headquarters

posted by Unknown @ 12:31 1 Comments

Occidental Petroleum will split operations
Occidental Petroleum announces it will split into two businesses, having its headquarters in Houston. The Houston Branch will focus on E&P operations in the Permian Basin and other parts of Texas, the Middle East region and Colombia. The second company will be based in California, focusing on the oil and gas basin in the state.

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20 Mar 2014 More

Nebraska Landowners Await Keystone Pipeline

posted by Unknown @ 10:22 1 Comments

Image of the Keystone Pipeline
Even as a district court judge’s ruling in Nebraska has put the Keystone Pipeline on hold temporarily, most Nebraska landowners know that it is inevitably coming their way.  Ronal Weber, 69 years old and retired, is one such landowner.

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19 Mar 2014 More

Cylinder Tank Shortage Threatens LNG Shutdown

posted by Unknown @ 09:15 0 Comments

LNG cylinder tanks
Even the simplest of things can gum up the works sometimes.  It’s no secret that here in the US there is an infrastructure shortage, but did you know that Nigeria has an infrastructure problem of its own?  It seems that a lack of gas cylinders may bring the LNG market to a standstill.

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18 Mar 2014 More

Natural Gas Prices in Europe Supported by Supply

posted by Unknown @ 08:46 0 Comments

Natural gas prices and storage tanks
Even as the conflict in the Ukraine accelerates, natural gas prices remain stable for ample supply.  Unusually high levels of gas supply in Europe means that even if there are disruptions in LNG output, it should not send gas prices through the roof.

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17 Mar 2014 More

Record Winter Drives Natural Gas Prices Up

posted by Unknown @ 08:12 0 Comments

Natural has prices affected by harsh winter
While record-low temps all across the US, especially the Northeast, drove up heating fuel prices this winter, natural gas prices may actually come in right around expectations.  Still, spending on heating fuels were up across the board, this in a new report from the Energy Information Administration.

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16 Mar 2014 More

Oil Tanker Bound for Libya Seized by Navy SEALs

posted by Unknown @ 09:43 1 Comments

Image of seized oil tanker
Attempts by Libyan rebels to sell oil on the open market was thwarted when US Navy SEALs boarded the oil tanker Morning Glory.  This was the first known attempt by rebels to sell oil on their own, bypassing the central government there.

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15 Mar 2014 More

Senator Pushes for Keystone Pipeline Approval

posted by Unknown @ 10:04 0 Comments

Image of senator on Keystone Pipeline
US Senator Mary Landrieu of Louisiana is urging Secretary of State John Kerry to push through the approval of the Keystone Pipeline during the upcoming Senate Appropriations Subcommittee hearing on the Department of State, Foreign Operations and Related Programs (SFOPS).

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14 Mar 2014 More

Petrobas Announces New Round of Fleet Renewals

posted by Unknown @ 10:07 0 Comments

Petrobas plant in Brazil
Brazilian Petrobas, the world’s 7th largest energy company, announces the beginning of the 7th round of its Fleet Renewal Plan for Offshore Support Vessels.  The announcements was made by Petrobras President Maria das Graças Silva Foster and the Director of Exploration and Production, José Formigli.  The two highlighted the importance for the company to increase oil production all the way to 2018.

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13 Mar 2014 More

Dangerous Railway Tanker Fleet to be Phased Out

posted by Unknown @ 10:13 0 Comments

Some railways tankers are dangerous
Canada is looking to speed up the phase-out of its older railcar tankers.  These are railcars that are flawed and scheduled for retirement from the fleet.  Transport Minister Lisa Raitt is looking to retire the cars ahead of proposed US timetables.

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12 Mar 2014 More

Horizontal Drilling Scores Big on All Fronts

posted by Unknown @ 11:42 0 Comments

A horizontal drilling vehicle
It’s hard to believe that one of the main components in the recent shale boom, horizontal drilling (HDD), has only been around for a few short decades.  HDD has many advantages, both economical and environmental too.  Through HDD technologies, officials can avoid costly and time-consuming shutdowns of both public and private properties as well.

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11 Mar 2014 More

Lawsuits Filed Against Oil Companies in Bakken for Gas Flares

posted by Unknown @ 11:57 0 Comments

Bakken gas flares in action
North Dakota is booming with wells in the Bakken, but the increase in gas flaring is bringing discussions of stricter regulations. The debate has been so severe in fact that 10 class action lawsuits have been filed against oil companies for lost royalties.

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10 Mar 2014 More

Oil Drilling in the US Just Getting Warmed Up

posted by Unknown @ 14:01 0 Comments

Oil drilling in action
Everyone in the business knows that the US oil boom is in full swing.  But full swing or not, still most experts agree that oil drilling in America is still just getting started.  The total number of drilling rigs in the US skyrocketed last week to 1443.  That’s the highest it’s been since 1987.  1987 is the first year that separate rigs started being counted.

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9 Mar 2014 More

ExxonMobil Sees Rise in Liquid Hydrocarbon Reserves

posted by Unknown @ 12:25 0 Comments

ExxonMobil headquarters
ExxonMobil is reporting proportional gains in its reserves of liquid hydrocarbon to their best levels in more than a decade.  Global reserves have climbed from 51 percent in 2012 to 53 percent in 2013.

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8 Mar 2014 More

Teekay Offshore to Acquire ALP Maritime Services

posted by Unknown @ 12:20 0 Comments

Teekay Offshore announces that it has made an agreement to purchase ALP Maritime Services.  The sale is expected to close in the first quarter of 2014 and has been approved already by the board of directors of both companies.

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7 Mar 2014 More

Woodside Petroleum Presses Royal Dutch Shell

posted by Unknown @ 12:12 0 Comments

Woodside Petroleum headquarters

Saying that its investors are looking for some kind of certainty, Woodside Petroleum officials are now pressing the energy giant Royal Dutch Shell to take action on its $6.6 billion stake in the company.

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6 Mar 2014 More

ExxonMobil Slated for Record-setting Year

posted by Unknown @ 10:09 0 Comments

ExxonMobil headquarters
ExxonMobil says it will begin production on ten new major projects in 2014.  The company believes this will add as much as 300 mbopd, this according to Chairm and CEO Rex Tillerson.

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5 Mar 2014 More

Court Rules Against BP in Settlement Terms

posted by Unknown @ 09:40 0 Comments

The BP logo still carries some weight
BP (British Petroleum), has been notified by a federal appeals court that it must stick to the settlement amount of $9.2 billion for damages caused in the Gulf of Mexico oil spill back in 2010. The company had appealed on grounds that a claims administrator had read the deal wrong.  The judge has ruled that the settlement amount will stand.

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4 Mar 2014 More

Natural Gas Prices Cool Down

posted by Unknown @ 08:00 0 Comments

Natural gas prices on the move
Natural gas prices declined last week as the Henry Hub price moved down to $4.61.  That’s a decrease of 25 percent.  The price for US Natural Gas was also down.  Gas extraction moved down below the 5-year average.

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3 Mar 2014 More

Sanchez Energy Releases Well Result from Eagle Ford Shale Play

posted by Unknown @ 12:05 0 Comments

Sanchez Energy in the Eagle Ford
The Texas Railroad Commission has revealed a new public filing by Sanchez Energy for its exploratory well in the Eagle Ford Shale play.  The Sante North Unit #1H well was tested on January 26, 2014.

The results show that the well tested at 150 barrels of 44°API gravity oil.  The depth of the well, at 11,583 feet, is very similar to the prost area.

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2 Mar 2014 More

STW Energy Expands Operations in the Eagle Ford Shale Play

posted by Unknown @ 12:09 0 Comments

Eagle Ford shale and STW Energy

STW Energy announces that it has expanded its operations in the Eagle Ford Shale play.  The company has added additional crews and equipment in its Permian Basin field of operations. 

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1 Mar 2014 More

US Crude Oil Exports Would Reduce Gas Prices

posted by Unknown @ 11:48 0 Comments

Crude oil exports en route

According to a new brief from the Resources for the Future, an increase in exports of US crude oil would lead to lower gas prices by more efficiently utilizing the nation’s refineries.

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