A unit of midstreamer/wholesale energy services provider Twin Eagle Resource Management said Thursday it’s entering the Appalachian Basin with the purchase of a frac sand terminal near Bridgeport, W.V.
The U.S. Energy Information Administration is overestimating U.S. crude oil production by 100%, Continental Resource’s founder and CEO Harold Hamm said Wednesday in a Fox Business interview, Oilprice.com reported.
The Kurdish independence referendum scheduled to take place on Monday Sept. 25 won’t impact Iraq’s oil production, the Iraqi oil minister Jabar al-Luaibi said this week, saying the issue would be “political.”
The UK oil and gas industry, both offshore and onshore, have reacted to a study by University of Edinburgh scientists suggesting the UK hydrocarbons reserves may only last another decade, Kallanish Energy reports.
Crude oil prices slipped on Thursday moving away from gains of as much $1.15 on Brent prices a day before, as markets wait to see what comes out of the joint OPEC and non-OPEC meeting in Vienna today.
Indian conglomerate Larsen & Toubro (L&T) won a major pipeline contract valued close to 1.7 billion Indian rupees ($261.54 million) with Kuwait Oil Company (KOC), following a “stiff international competitive bidding,” Kallanish Energy reports.