The number of earthquakes east of the U.S. Rocky Mountains has increased dramatically since 2009, coinciding with the increase in oil and natural gas production from shale formations, according to the U.S. Geological Society.
Noble Midstream Partners said it’s entered into a deal to acquire additional interests in Colorado River DevCo and Blanco River DevCo in a dropdown transaction valued at $270 million, from sponsor Noble Energy.
Rosneft CEO Igor Sechin told shareholders in its annual meeting on Thursday that the $13 billion take-over of Essar Oil is now considered closed, after final clearance given by the Indian company’s lenders.
Nigeria could put further downward pressure on crude oil prices, if its resurgent production is sustained and the country resumes exports at full capacity, with a 17-month record high exports expected in August.
INEOS’s $1.3 billion acquisition of all DONG Energy’s assets in the North Sea has been cleared by the European competition watchdog in less than a month since the transaction was announced, Kallanish Energy reports.
Norwegian oil major Statoil said this week it has received the green light from local authorities to develop and operate the Njord and Bauge oil fields in the Norwegian Sea, in projects estimated to cost $2.34 billion.
Not only must the oil and gas industry educate the general public on the science behind hydraulic fracturing, horizontal drilling, etc., just as important is teaching current/potential employees on what the industry offers.
Oil supermajors ExxonMobil, BP and Shell on Tuesday backed for the first time a price on carbon, supporting the Climate Leadership Council’s proposal of a $40 fee on each ton of carbon dioxide emissions, Kallanish Energy learns.