Oil & Gas
Top stories summarized by our editors
4/20/2018

Kinder Morgan is holding preliminary discussions with shippers for a second natural gas pipeline in the Permian Basin, which, together with its Gulf Coast Express pipeline set to enter service in October 2019, should help relieve the region's gas transportation bottlenecks. Kinder Morgan is also considering expanding its existing infrastructure, such as the El Paso Natural Gas Pipeline.

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Argus Media
4/20/2018

Three liquefied natural gas tankers transited the expanded Panama Canal in a single day for the first time ever, a sign that LNG tanker traffic through the waterway is gradually increasing. A total of 134 vessels hauling LNG crossed the Panama Canal this fiscal year through March.

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Panama Canal
4/20/2018

Oil and natural gas companies, particularly operators and service firms, are showing an increased interest in applying artificial intelligence to their operations to help them become more efficient, says Philippe Herve, vice president of oil and gas solutions at SparkCognition. One key application of AI is its ability to use data from energy operations to usher in a new era of maintenance prognostics that allows firms to predict and prevent failures, Herve says.

4/20/2018

Houston-based Linn Energy unveiled plans to abandon its current name and split into two companies -- Riviera Resources and Roan Resources -- later this year, having previously spun off its Berry Petroleum subsidiary. Riviera will be led by David Rottino and hold Linn's oil and natural gas assets in East Texas, Louisiana, Midwest and Mid-continent, while Tony Maranto will serve as CEO of Roan, which will oversee Linn's primary assets in Oklahoma.

4/20/2018

Energean Oil & Gas plans to increase its oil output in Greece to 4,000 to 4,500 barrels per day this year and start producing natural gas from its Karish and Tanin fields off the coast of Israel in the first quarter of 2021. The UK-based company raised $460 million to develop the Israeli fields, which may contain up to 2.4 trillion cubic feet of gas.

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Reuters
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Energean Oil & Gas, Greece, Israel
4/20/2018

Tanzania Petroleum Development, Tanzania's national oil company, is seeking bids from contractors to collect 3D seismic data from deepwater in the Ruvuma Basin in southern Tanzania. Ion Geophysical acquired about 4,000 kilometers of 2D seismic data from the area in 2015.

4/20/2018

Bahrain will face high operating costs at its newly discovered offshore oil and natural gas field, giving the Persian Gulf nation little economic benefit, BMI Research analysts say. Technical difficulties at the field, which may contain at least 80 billion barrels of tight oil, likely will result in extraction costs of $75 to $80 per barrel, BMI says.

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Rigzone
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BMI Research, BMI
4/20/2018

The Norwegian Petroleum Directorate has approved Aker BP's plan to drill an exploration well at the Svanefjell prospect in the Barents Sea. The prospect off Norway's coast is in 345 meters of water and may contain between 17 million and 331 million barrels of oil equivalent.

4/20/2018

A magnitude 3.6 earthquake shook Detroit on Thursday night, although no damage was immediately reported. The US Geological Survey said the temblor was centered in Canada near Amherstburg, Ontario, which is about 32 kilometers from downtown Detroit.

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Detroit Free Press
4/20/2018

SDX Energy has discovered natural gas in an exploration well in Morocco's Gharb Basin. The discovery, which offers a type of hydrocarbon not yet found in other parts of the basin, may contain 10.2 billion cubic feet of recoverable gas and 55,000 barrels of condensate, the UK-based company says.

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SDX Energy