Category: Production

U.S. expands Russian sanctions

The U.S. expanded sanctions against Russia to include the country’s largest bank, OAO Sberbank, energy companies as well as five state-owned defense and technology companies.  More »

OPEC cuts demand outlook by most in three years on shale

The change implies that OPEC’s 12 members would need to cut output by about 1.1 million barrels a day from the 30.3 million they produced in August.  More »

NRG may expand carbon capture plans

NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Mexico’s Pemex says production to increase in 2015

Mexico’s state-owned oil company Petroleos Mexicanos estimates its crude production will increase to 2.4 million barrels per day in 2015, compared with the 2.35 million barrels per day it expects to produce this year, a company official said.  More »

Company helps smaller oil companies use bigger data

Austin-based Drillinginfo creates apps and databases to help smaller independent oil companies improve their exploration and production.  More »

Occidental breaks ground on Midland complex

MIDLAND — Occidental Petroleum officials and employees gathered earlier this week with local- and state-elected officials — including Gov. Rick Perry — to break ground for the company’s Midland office. Mayor Jerry Morales began the event, welcoming participants and citing not only Occidental’s job creation but its contributions to the community — from schools to […]  More »

Plenty of pluck left in the Marcellus, report says

The Marcellus region is now the biggest natural gas shale play in the world, and there’s still about $90 billion to be made by tapping the area’s reserves, according to a study by energy analyst group Wood Mackenzie.  More »

Guest commentary: Partnerships needed to tackle global energy challenges

The global energy industry must seek new avenues to meet growing demand.  More »

Drillers in Colorado especially mindful of the neighbors

Producers are finding ways to centralize oil field operations in a bid to boost efficiencies, cut costs and minimize disruptions for residents in the populous Colorado Front Range.  More »

Voters go with oil companies in fight over Alaska taxes

Alaskans narrowly defeated an effort to repeal an industry-friendly oil tax regime adopted last year.  More »
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