Texas oil and natural gas company Anadarko said it expects to see an 11% gain in sales volumes for 2018 to 245 million to 255 million barrels of oil equivalent, an increase on its 2017 forecast of 224 million to 228 million barrels of oil equivalent. Anadarko expects to spend in the range of $4.2 billion to $4.6 billion in 2018, leading to a 14% increase in oil production growth from 2017.
TransCanada said a leak was discovered on its Keystone pipeline system in South Dakota, spilling 5,000 barrels of oil. The leak was found early Thursday morning, forcing the company to close the pipeline from Alberta to Oklahoma and to Illinois, while its Gulf Coast section remained in operation.
The Chemical Safety Board has decided to scrap its recommendations for worker participation and whistleblower protection on offshore oil rigs after the Bureau of Safety and Environmental Enforcement said it wouldn't enforce such regulations. The recommendations were put forward following the Deepwater Horizon explosion in 2010.
TechnipFMC offers an integrated engineering, procurement, construction and installation model as a cost-saving method for developing small, dormant oilfields near existing subsea structures. The iEPCI system includes a configurable subsea tree, an electro-hydraulic control system, an umbilical and flexible flowline, a schedule for decoupling the rig and vessel, and an integrated subsea production system and umbilical riser flowline.
Norwegian oil and natural gas company Statoil says it may drill 25 to 30 exploration wells in Norway next year, increasing exploration efforts for a second straight year. The company is on track to drill about 30 wells worldwide this year -- more than half of them in Norway.
Washington state geologists have created a map called "The Bare Earth," which shows the state's geologic features beneath the surface. Scientists, who say the effort may help them gain a better understanding of the state's landslides and other natural hazards, used laser mapping equipment, light detection and ranging, and satellite imagery to build the high-definition map.
Arkansas-based Murphy Oil, Japan-based Mitsui Oil Exploration and Malaysia's Petronas Carigali will search for oil off the coast of Sarawak in Malaysia, Mitsui announced. The three companies have signed a production-sharing agreement, which gives operator Murphy Oil a 59.5% stake, Mitsui a 25.5% stake and Petronas Carigali a 15% stake.
UAE-based Polarcus says it will conduct a 3D seismic survey in the Bonaparte Basin off the coast of Australia. The survey, which will begin by year's end and continue for six weeks, will include a block up for auction.
Austria-based oil and natural gas company OMV has received Norway's approval to drill a wildcat well targeting the Hades oil and Iris gas condensate prospects in the Norwegian Sea. The drilling, which will be done in 342 meters of water, is expected to take 90 to 142 days.
Hundreds of earthquakes in Entiat, Wash., over the past hundred years may be aftershocks from an 1872 quake, scientists say. Their findings show the adjustment of the region's crust and gradual release of fault stress have been occurring without interruption since the 1872 temblor, which had a magnitude of 6.5 to 7.
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