As US unconventional operators come under increasing economic pressure given dropping oil prices, executives told a recent DNV GL survey that lessons learned from past downturns need to be remembered during the current rash of budget cuts and other cost-discipline measures.

The precipitous drop in crude oil prices since June 2014 has left many growth-stage upstream oil and gas companies requiring new equity investment in order to fund exploration of shale play prospects and existing drilling programs.

Maersk Oil has started oil and gas production from the Tyra Southeast-B unmanned platform, expected to add reserves of 50 million boe over the next 30 years.

Drilling cuts across US shale plays could contribute to the nation’s oil production falling this year despite some forecasts to the contrary, EOG Resources Inc. executives said, adding they also believe crude oil futures prices could rebound quickly.

The US portion of the Williston basin produced fewer earthquakes caused by wastewater injection than basins in Texas, University of Texas at Austin researchers found.

Kinder Morgan Inc. acquired Hiland Partners, a small pipeline operator, in a deal that gave KMI what Moody's described as KMI's "initial footprint in the Bakken" and helped diversify the largest US midstream company's crude oil transportation business.

Eni SPA has signed production-sharing contracts for Blocks MD2 and MD4 offshore Myanmar following participation in the country’s International Bid Round launched in 2013.

It's limited to the first 75,000 bbl of oil produced from a new well or the first $4.5 million of gross value oil produced from that well.

A Skagit County hearing examiner in Mount Vernon, Wa., halted Royal Dutch Shell's plans to move Bakken crude oil by rail to Shell's Anacortes refinery in northwest Washington state pending environmental and public health risk reviews, which could take at least 1 year.