Oil & Gas
Top stories summarized by our editors
8/21/2018

Russian companies should participate in Lebanon's oil and natural gas auction, says Lebanese Foreign Minister Gebran Bassil. A Russian company's involvement could support regional stability, Bassil notes.

Full Story:
Reuters
8/21/2018

Scientists have developed a statistical model that quickly shows the potential for a hazardous landslide after an earthquake. The model, developed by Indiana University and US Geological Survey researchers, examines ground-shaking data from seismic sensors and landslide factors such as slope, rock and soil types, elevation and precipitation.

8/21/2018

The Yellowstone supervolcano would probably provide decades of warning signs before a major eruption, scientists say. The underground volcano so far is showing none of those signs, which would include large earthquakes, gas emissions from the ground and significant ground movement for months or years.

Full Story:
USA Today
8/21/2018

Oil leases covering tens of thousands of hectares in the Permian Basin and North Texas will be up for bids through Sept. 19. A Texas agency that manages lands owned by state universities is auctioning mineral rights for 184 tracts involving nearly 31,565 hectares.

8/21/2018

The US reduced its carbon emissions more than any other major country in 2017, due to increased use of shale natural gas, according to the BP Statistical Review of World Energy. America's carbon emissions were down by 0.5%.

Full Story:
RealClearPolitics
8/21/2018

Whiting Petroleum has reduced costs by decreasing its use of proppant, bucking industry trends. "New diversion techniques are allowing us to complete better-performing wells while using about 30% less proppant, reducing capex by approximately $400,000 per well," says CEO Brad Holly.

Full Story:
S&P Global Platts
8/21/2018

Vanguard Natural Resources is continuing the process of becoming an exploration and production company and is divesting its unrelated assets, according to its second-quarter report. "We continue to make operational and organizational changes to align the company with this strategy and to set the company up for future success," said CEO Scott Sloan.

Full Story:
North American Shale
8/21/2018

Australian energy company Calima has garnered $18.1 million in investments that will pay for three wells in the Montney Shale in British Columbia. The company said it has uncovered over 500 potential drilling sites for a hydraulic fracturing campaign.

8/21/2018

The Wood Group reported that its US shale oil business is the only place where prices can increase. "In (2018) we don't expect that pricing uplift outside of US shale," said Chief Financial Officer David Kemp.

Full Story:
Reuters
8/20/2018

Seismic testing is first needed to see what energy resources can be explored off the coast of Florida, says David Mica, executive director of the Florida Petroleum Council. "We've got to look at this long-term, and exploring offshore is a part of that for the United States' energy and security interests," he says.