Tag: oil drilling

Statoil, West Virginia agree on deal for drilling under Ohio River

The Intelligencer and Wheeling News-Register reports that Norway-based Statoil plans to drill on about 474 acres of state-owned land under the river in Marshall and Wetzel counties.  More »

U.S. drillers scrambling to thwart OPEC threat

Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep U.S. oil competitive with much lower-cost oil flowing out of the Middle East, Russia and elsewhere.  More »

BLM clears way for petroleum reserve development

The decision is a shift from the alternative that BLM had earlier selected as its preferred option. But it aligns with the alternative chosen by the U.S. Army Corps of Engineers.  More »

Antero Resources to lay off more than 250 contract brokers

An Antero representative says prices for natural gas liquids have been affected by a drop in crude oil prices.  More »

Utah gears up for lands fight as deadline passes

A Utah state report found that oil and gas leases would allow Utah to afford the $280 million annual cost of managing the land, but only if those prices remained high.  More »

U.S. drillers shift oil rigs to tap most reliable fields

The oil-rig count has fallen from a peak of 1,609 on Oct. 10 as companies slow drilling in response to a 26 percent slide in crude prices over the past four months.  More »

Russia dropping criminal charges against 30 Greenpeace protesters

Russia’s Investigative Committee is dropping criminal charges against all 30 Greenpeace activists arrested in September for a protest against Arctic oil drilling by state-run OAO Gazprom, the group said.  More »

Shell to boost deep-water offshore Brazil production

Royal Dutch Shell is eyeing an oil production boost from two new projects in the deep waters off Brazil.  More »

Carrizo hikes oil production plan as Eagle Ford booms

CEO Chip Johnson said the company is aggressively pursuing more opportunities to expand its acreage in south Texas and it is planning to start drilling its first well in the Utica shale in Ohio next month.  More »

The Oil & Gas Industry Does Its Job Too Well

Actually, it turns out that everything involved in getting oil & gas out of the ground is an example of pushing the limits of our knowledge of science and its applications: finding potential reserves requires super computers programmed using incredibly complex mathematical models, drilling for oil & gas requires precision-engineered rigs that must operate safely while withstanding constant physical wear under extreme conditions, and transporting oil & gas is impossible without thousands of miles of highly complex pipelines  More »

Icahn’s Transocean board nominee faces pending criminal case in Spain

One of Carl Icahn’s three nominees to serve on Transocean’s board has been dogged for nearly a decade by a criminal complaint in Spain that accuses him of taking part in a multi-million dollar fraud against employees of a company where he used to be an executive.  More »

Eagle Ford windfall carries pluses and minuses

When Ray Kroll took the economic development job in Karnes County a few years ago, the property value of the entire county was around $500 million. Now, thanks to the Eagle Ford shale play, the property tax rolls have jumped to $1.3 billion.  More »

Oil boom raises rents in ND, pushes seniors out

After living all of her 82 years in the same community, Lois Sinness left her hometown this month, crying and towing a U-Haul packed with her every possession.  More »

India’s Reliance not planning to acquire Valero

Reliance Industries Ltd. of India isn’t considering making a bid to acquire San Antonio-based refiner Valero Energy Corp., Reuters reported today.  More »

Steffy: Oil patch history’s seedy side lingers in Karnes Co.

By now, Frank Moravits had hoped oil would be flowing from beneath his land in Karnes County, southeast of San Antonio.  More »
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