Oil & Gas
Top editor picks, summarized for you
8/28/2015

President Barack Obama will likely reject a permit for constructing the Keystone XL pipeline before the Labor Day weekend, according to a source. However, White House press secretary Josh Earnest on Thursday said the federal review of the project is still in progress. "I'm not aware of any decisions the State Department has forwarded onto the White House," Earnest said.

8/28/2015

President Barack Obama will likely reject a permit for constructing the Keystone XL pipeline before the Labor Day weekend, according to a source. However, White House press secretary Josh Earnest on Thursday said the federal review of the project is still in progress. "I'm not aware of any decisions the State Department has forwarded onto the White House," Earnest said.

8/28/2015

Congress can help the US rectify President Barack Obama's disregard of "the once-in-a-generation opportunities" for energy independence by updating the nation's major policies in line with job creation and energy security, writes Jack Gerard, president and CEO of the American Petroleum Institute. Several studies and reviews, including those by federal officials, have already affirmed the benefits of pro-energy policies and decisions, including the approval of crude exports and the Keystone XL pipeline, Gerard notes.

8/28/2015

Small oil producers around the world are pulling back from new exploration activities through renegotiation of drilling terms, sale of interests in licenses and abandonment of project plans, as they seek to cut costs in the face of falling prices. Such a move could prompt a decline in future discoveries and eventually, limit supply in the long term, industry executives say. Mangesh Hirve, managing director at Derrick Petroleum Services, said the global industry this year will see the number of exploration wells drop 26% to the lowest count in five years at 1,004.

8/28/2015

Various technology providers are increasingly offering oil producers a wide range of innovative solutions, such as Internet-connected sensors and thermal video surveillance system, to support cost-reduction efforts in oilfields amid a slump in prices. For instance, a drilling fluid additive from University of Calgary spinoff nFluids allows companies to cut costs and boost safety by reducing drilling fluid loss by 30% using nanoparticles. Intelliview Technologies also has thermal cameras that can spot temperature changes, possibly in pump stations and pipelines.

8/28/2015

A federal deal authorizing US crude oil swaps with Mexico is reasonable for North American refiners, according to the Energy Information Administration. Gulf Coast refineries are suited to process heavy crude types, like those from Mexico, and Mexican refineries can process light crude from US shale plays, the agency said.

8/28/2015

Oil production in Ohio's Utica Shale reached 5.5 million barrels in the second quarter, up 20%, the state Department of Natural Resources said Thursday. Natural gas output rose almost 21% to 221 billion cubic feet during the same period, according to the department.

8/28/2015

Encana has reached a five-year agreement with the Erie, Colo., Board of Trustees to comply with some standards for its oil and natural gas operations in five drilling sites in the town and in three other areas nearby. The agreement calls for adherence to rules that are stricter than those of the state, covering 19 components that include setbacks, noise levels and air quality inspections. The company is committed to "operating responsibly and we see this as a win-win, it provides us timeliness and certainty in terms of our operations," company spokesman Doug Hock said.

More Summaries:
Doug Hock, Encana, natural gas
8/28/2015

Chief Judge Ralph Erickson of the U.S. District Court in North Dakota on Thursday issued a temporary injunction against the Environmental Protection Agency over its rule under the Clean Water Act. The rule, which would have allowed federal jurisdiction of waterways, still needs additional reviews, including "jurisdictional studies" of North Dakota-based natural gas, oil and water pipeline projects, Erickson said. The ruling was in favor of the 13 states, led by North Dakota, that filed a lawsuit challenging the rule.

8/27/2015

Shale natural gas production next month is expected to drop from a record-high 45.6 billion cubic feet per day in May to 44.9 billion cubic feet per day, according to the Energy Information Administration. Of the seven major domestic shale plays, only the Utica play will see an output increase, the agency said. It added that "productivity increases are less able to completely offset lower rig counts and legacy-well declines."