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Apache plans further development for active Egyptian program

January 30th, 2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Index reveals record year for Texas oil, gas production

January 30th, 2014

The Texas Petro Index, a composite index based on a comprehensive group of upstream economic indicators, showed that crude oil production in the Lone Star State increased 21% in 2013 compared with 2012, reaching volumes not seen since 1985.

Shell cancels 2014 drilling off Alaska in court decision’s wake

January 30th, 2014

Royal Dutch Shell PLC will not resume activity on federal leases it holds offshore Alaska in 2014 because a US appeals court’s Jan. 22 decision in a 2008 lawsuit against the US Department of the Interior has created significant uncertainties, company officials stated.

MSRC, Alaska Maritime working together on nontank vessel regs

January 30th, 2014

Marine Spill Response Corp. (MSRC) and Alaska Maritime Prevention & Response Network announced a strategic alliance to support industry’s efforts to meet federal regulations for nontank vessels and to enhance oil spill response efforts in western Alaska and Prince William Sound.

Statoil, PTTEP to divide oil sands stakes

January 30th, 2014

Statoil AS and PTT Exploration & Production (PTTEP) of Thailand have agreed to divide their interests in the multiarea Kai Kos Dehseh (KKD) oil sands project about 120 km south of Fort McMurray, Alta.

MARKET WATCH: NYMEX crude oil prices fall on US oil supply build

January 30th, 2014

Crude oil futures prices fell slightly on the New York during Jan. 29 trading after a government report showed the largest weekly crude oil supply gain in more than 3 months.

Pipe supply contracts signed for South Stream offshore section

January 30th, 2014

OAO Gazprom said contracts have been signed to supply 75,000 12-m pipes for the first gas pipeline of South Stream Transport’s offshore section.

Southcross starts construction on new Eagle Ford pipeline

January 30th, 2014

Southcross Energy Partners LP has begun construction on the $125 million, 300-MMcfd Webb pipeline in the rich gas area of the Eagle Ford shale in South Texas.

Countries moving geopolitically on Arctic energy, Wilson forum told

January 30th, 2014

Countries already are making geopolitical moves to secure Arctic oil and gas resources despite actual development being decades away in most cases, experts agreed at a Woodrow Wilson International Center for Scholars forum.

Angola LNG sells first LPG cargo

January 30th, 2014

Angola LNG has shipped its first LPG cargo from its plant in Soyo, Angola.

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