Production

EIA Outlook: More Losses for Coal; Higher NatGas Prices

The U.S. Energy Information Administration (EIA) projects that an additional 60 gigawatts (GW) of coal-fired generating capacity will be retired by 2020. It also said natural gas prices will rise in the near term, in part due to increased demand by industrial customers and, eventually, demand for exports from liquefied natural gas (LNG) facilities. Read More

Study Finds Methane Emissions 50% Higher Than EPA Estimates

A review of 20 years of technical literature on natural gas emissions in the United States and Canada found that methane (CH4) emissions appear significantly larger than official estimates, but they are not enough to negate the benefits of switching from coal power generation to natural gas-fired power. Read More

Oxy to Spin Off California Business, Relocate to Houston

Storied Los Angeles-based Occidental Petroleum Corp. on Friday announced it would spin its California assets into an independent, separately traded company and relocate the global outfit to Houston. The news follows an announcement Thursday that it would sell its gassy Hugoton field leasehold for $1.4 billion. Read More

North American Gas/Oil Production Projected to Increase Through 2035

Production of North American natural gas, natural gas liquids (NGL), crude oil and condensate is expected to continue increasing through 2035, according to a report from ICF International. Read More

Freeze-Offs, Sales Ding Apache Profits, Output

Super independent Apache Corp.'s decision to cast off Gulf of Mexico (GOM) producing properties and multiple onshore and overseas assets, combined with freeze-offs in North America's onshore, led to missed profit expectations and lower production in the fourth quarter, the Houston-based producer said Thursday. Read More

Cause of Intense Natural Gas Well Fire in Pennsylvania Scrutinized

A fire that erupted Tuesday morning at a Chevron Appalachia LLC natural gas well site in Greene County, PA continued to burn Wednesday, and it may not be clear for some time what caused it, officials said. Read More

Canadian Oil & Gas Industry Says Federal Budget Measures Key to Growing Workforce

The Canadian Association of Petroleum Producers (CAPP) said Wednesday it supports federal budget measures announced Tuesday... Read More

Salazar: Fracking, Collaboration Are Way Forward on Energy

Hydraulic fracturing is safe; it's a key component of the country's quickening pace toward energy independence, and the industry and government need to do more to educate citizens about the practice to dispel their fears, former secretary of the U.S. Department of the Interior Ken Salazar told a Houston audience Wednesday. Read More

BP Targeting Jump in GOM Production by 50% Within Two Years

With a record 10 drilling rigs now working the deepwater Gulf of Mexico (GOM), BP plc is taking aim at increasing output by one-half over the next two years, to 300,000 boe/d from the current 200,000 boe/d, CEO Bob Dudley said Tuesday. Read More

Anadarko Records Big Loss, Sets Aside Funds for Tronox Litigation

Record natural gas and oil sales volumes failed to prevent Anadarko Petroleum Corp. from suffering a huge loss in the final quarter of 2013 as it set aside funds to pay for as much as $5.2 billion in litigation claims related to its acquisition of Kerr-McGee Corp. in 2006. Read More