Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
Commercial analysts at Wood Mackenzie warned Wednesday that lengthy delays to the widening of the Panama Canal could impact profitability for some U.S. liquified natural gas producers, but the firm doesn’t expect disputes that have interrupted construction to cause lengthy disruptions.
I shouldn’t have been surprised then that, despite the highly positive response I received towards my efforts, there were some skeptical comments, most revolving around the possibility of even taking Glass out into the field. Today still, cell phones for instance aren’t allowed in certain field areas: there would be catastrophic HSE consequences if a signal accidentally triggered a piece of equipment like a wireline gun.
As early as next year, cargoes of liquefied natural gas shipped from Gulf Coast terminals to fast-growing Asian countries will propel the region into the ranks of global gas exporters such as Qatar and Australia for the first time.
There are threats to the U.S. electricity grid which can be prevented, threats that can be mitigated, and there are threats that can be avoided altogether. Let’s walk through each scenario. We know how important it is to aggressively address vulnerabilities. The August 2003 blackout was the worst in recent U.S. history leaving an estimated […]
The stock of Houston-based Sanchez Energy Corp. declined the most in three months after reporting an Eagle Ford Shale well made more water than oil, Bloomberg is reporting. Sanchez fell 7 percent to $29.74, the biggest drop since Nov. 7. Bloomberg says: The Sante North 1H well produced 766 barrels of water, 150 barrels of […]
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