Drilling

ARTICLES

$150B-Plus of Upstream Projects Face Wipeout on Low Oil Prices, Says Analyst

Final investment decisions for $150 billion worth of projects, including in Canada, Alaska and the Gulf of Mexico... Read More

Buckyballs Throwing New Curve Into Capturing CO2 From NatGas Wells

Rice University scientists are on to an environmentally friendly carbon-capture method that may be equally adept at drawing carbon dioxide (CO2) emissions from natural gas wells and industrial flue gases. Read More

Chevron’s Jack/St. Malo Project Underway in Lower Tertiary

Natural gas and oil production has started up from the Jack/St. Malo fields from one of the largest production facilities ever designed for the deepwater Gulf of Mexico (GOM), with total production by 2020 forecast to reach 21 MMcf/d of natural gas and 94,000 b/d of crude oil. Read More

Florida Utility Has No Business in Shale Gas Patch, Consumers Say

The shale gas patch is too risky a place for an electric utility to be dabbling with ratepayer money, public interest lawyers and industrial power consumers told Florida regulators considering Florida Power & Light Co.'s (FPL) proposal to take a stake in Oklahoma's Woodford Shale. Read More

Spending by Independents Drops in 2013 on Depressed NatGas Prices

Exploration and development (E&D) spending by independents worldwide dropped by 14% in 2013 from 2012 as depressed natural gas prices in North America took a toll on cash flows and spending ability, an annual survey by EY found. Read More

Oxy Completes Spin-Off of California Operations

Occidental Petroleum Corp.'s (Oxy) spin-off of its California operations, California Resources Corp. (CRC), was completed Monday as the new company began trading on the New York Stock Exchange. Read More

North America’s E&P Tech Capturing Most Global Investments

Exploration and production (E&P) technologies have attracted $7 billion in funding since 2003, with North American ventures accounting for the most investments... Read More

Canada's Drillers Predict 10% Drop in Activity Next Year

Soft prices and slow progress on export projects will undermine Canadian drilling next year, according to oil and natural gas field service providers. Read More

U.S. Drilling Its Way to Greater Energy Security, Chamber Says

With U.S. oil and gas producers continuing to do their thing, America's energy security continues to grow, according to the latest U.S. Chamber of Commerce assessment. Read More

Bidding Robust in Latest Alaska Lease Sales

The total of high bids in the latest northern Alaska oil and gas lease sales -- $59.7 million -- is the third-highest amount received in state history, according to officials. Competition for tracts was high, they said following the sales on Wednesday. Read More