Oil & Gas
Top stories summarized by our editors
3/24/2017

The State Department approved a construction permit for TransCanada's Keystone XL pipeline project on Friday after being first proposed in 2008. TransCanada still needs to secure approvals from states, where it might encounter legal hurdles.

3/24/2017

US shale producers are leaving thousands of wells unfinished in the Permian Basin, with the number of drilled but uncompleted wells hitting a record of 1,764 in February, government data show. This suggests that rig count data is not a reliable indicator of production as many companies drill wells just because they are forced to do so to retain their leases.

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Reuters
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Permian Basin
3/24/2017

Arctic oil exploration is unjustifiable and infeasible in the current price environment, especially in areas not easily accessible such as Alaska, said Goldman Sachs commodities analyst Michele Della Vigna. "Overall, the idea that we have to go into the Arctic to find new resources I think has been dispelled by the enormous cheap, easier to produce and quicker time-to-market resources in the Permian onshore US," he added.

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CNBC
3/24/2017

US oil and natural gas companies doubt that President Donald Trump's energy policy will lead to much positive or negative change within the industry, a Reuters analysis of Securities and Exchange Commission reports shows. According to the filings, 13 of the 15 biggest US oil and gas producers say that the current regulatory environment is not affecting their operations or finances.

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Reuters
3/24/2017

The 14-member California Air Resources Board on Thursday voted unanimously in favor of adopting new methane emissions rules that are considered the strictest in the US. The regulations establish new efficiency guidelines for natural gas transportation and production and oil-handling equipment, and also introduce tougher gas leak monitoring and reporting requirements.

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Reuters
3/24/2017

The government of Canada's Saskatchewan province plans to re-evaluate its regulations and engineering standards for pipelines around water sources in the wake of a July 2016 oil spill into the North Saskatchewan River. Saskatchewan also intends to hire more oil and natural gas industry inspectors as part of its 2017/2018 budget.

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Reuters
3/24/2017

Italy-based Eni says it found oil in the offshore Amoca-2 well in Mexico's Campeche Bay. The discovery is the company's first in Mexico and the first by a foreign company in that country in four years.

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Eni, Mexico, Campeche Bay
3/24/2017

NASA is working on the Pop-Up Flat Folding Explorer Robot, which is designed to make its way through tough terrain on Mars or other planets as it observes the environment and collects samples. The small robot -- which was tested in a desert and volcano and would accompany a larger rover -- can fold up and use its tailfin to get under or over obstacles.

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NASA
3/24/2017

China is the first country to collect artificial seismic stratigraphy more than 10 kilometers under the sea at the deepest section of the Mariana Trench in the western Pacific Ocean. Scientists used an autonomous underwater glider, which has a carbon fiber hull that withstands water pressure, and a scientific surveying ship.

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Mariana Trench, China, Pacific Ocean
3/24/2017

Canada-based MGX Minerals plans to acquire a 75% interest in oil and natural gas leases in Utah near the company's Lisbon Valley petrolithium project. The company plans to sample wells and collect seismic data.

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Proactive Investors
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MGX Minerals, MGX, Utah, natural gas