Tag: oil drilling

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 »

Anadarko plans to sell all Brazil oil blocks, ANP says

Anadarko Petroleum Corp., the largest U.S. independent oil and natural-gas company by market value, plans to sell all its blocks in Brazil, a director at the nation’s crude regulator said.  More »

Shell hopes to break the ice on Arctic drilling

A ship taking shape along the balmy Gulf Coast will have to sail a long way to do what it does best.  More »

Exxon confident it can book Russian Arctic oil reserves

Exxon Mobil Corp. says it will be able to book oil and gas reserves it finds in an Arctic and Black Sea venture with OAO Rosneft even though its Russian state-run partner owns the licenses.  More »

Inquiry into oil well deaths to center on clothing

Officials say an investigation into an oil well explosion in North Dakota that killed two workers will center on whether the men should have been wearing fire-resistant clothing under a federal safety policy that has drawn criticism from some drilling companies.  More »

Noble Energy begins drilling in Cyprus

A U.S. energy firm has begun exploratory drilling for oil and gas off the coast of Cyprus, the divided island’s energy chief confirmed Monday, despite strong warnings from Turkey not to do so.  More »
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