Russian oil and gas company Rosneft said Tuesday it will invest at least €600 ($526) million in the next five years in Germany, with a view to developing its business in the European country and consolidating its position as a “reliable partner.” “We are happy that Rosneft’s cooperation with European partners is not … Read more
Hilcorp is planning to spend roughly $285 million in Alaska during 2018, the oil and gas producer’s operations manager Chad Helgeson said earlier this month. This investment will be “holding pretty flat to where we were last year,” Helgeson said, the Peninsula Clarion newspaper reported. Of the $285 million, $83 million will … Read more
The number of magnitude 3 or greater earthquakes in Oklahoma has dropped significantly in 2017, according to state regulators. The Oklahoma Geological Survey reports the state has had 294 quakes that are a magnitude 3 or greater in 2017 through the second week in December, the Oklahoma City Oklahoman newspaper reported. That compares to 624 similarly-sized … Read more
The government of Scotland announced Tuesday it plans to ban new gasoline and diesel cars by 2032 – eight years earlier than proposals made by the UK’s Westminster government, Kallanish Energy reports. In July, UK Prime Minister Theresa May set out targets to phase out the sale of new fossil-fuels cars by 2040 to … Read more
icegram campaigns=”30234″]Shell said Wednesday it’s working towards safe resumption of operations at a crude oil facility in the Niger Delta, after hundreds of protesters last week invaded the flow station demanding jobs and infrastructure development. A spokesman for Shell Petroleum Development Company of Nigeria (SPDC) told Kallanish Energy a group of individuals … Read more
Total crude oil production from the Organization of Petroleum Exporting Countries increased 173,000 barrels per day (BPD) in July from June, to average 32.87 million barrels per day (MMBPD), according to secondary sources used in the cartel’s August Monthly Oil Market Report. Preliminary data indicate global oil supply increased 170,000 BPD in … Read more
Royal Dutch Shell said Wednesday it completed the $9.45 billion sale via three Canadian units and two deals of all its Canadian in-situ (in-ground) and undeveloped oil sands assets interests, and reducing its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Under the first agreement, Shell completed the … Read more
The Pennsylvania Department of Environmental Protection announced WPX Energy Appalachia has agreed to pay a $1.2 million fine for oil and gas violations that impacted groundwater and private water supplies in Westmoreland County, Kallanish Energy reports. “When leaks and other impacts do occur, the responsible party must remediate the damage and restore the resource,” said acting … Read more
Total OPEC crude oil production is expected to increase by 0.2 million barrels per day (MMBPD) in 2017, and by 0.5 MMBPD in 2018, the Energy Information Administration reports in its February Short-Term Energy Outlook (STEO). Crude oil production in the Lower 48 States is to average 6.88 MMBPD in 2017, and 7.29 MMBPD in … Read more
Thirty-nine months after it occurred, a 20,000-barrel (Bbl) oil spill in North Dakota still isn’t fully cleaned up – and the company responsible for the accident has yet to set a date for completion. Though crews have been working 24/7 to deal with the Tesoro pipeline break, which happened in in September 2013, less than … Read more
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