Oilfield Safety

State Senate Proposes Impact Fee on Gas Drilling

richard — Fri, 29 Apr 2011 19:16:24 +0000

The ranking Republican in the state Senate has proposed an impact fee on Marcellus shale gas drilling.

Shale Boom, Gas Demand to Make North America LNG Exports Reality

richard — Fri, 29 Apr 2011 19:16:24 +0000

The increase in N. American natural gas due to the shale gas boom and a projected increase in global gas demand mean that N. America will become a LNG exporter within the next few years.

Triple Play: Hamm Hits Home Run with Bakken

richard — Fri, 29 Apr 2011 19:16:24 +0000

Forbes magazine’s 33rd richest person in America, Harold Hamm has come a long way over the past 64 years.

Chevron Reports $6.2B in 1Q11 Earnings

richard — Fri, 29 Apr 2011 19:16:24 +0000

Chevron reported earnings of $6.2B for the first quarter 2011, compared with $4.6 billion in the 2010 first quarter.

IHS: Niobrara Resource Potential Not Yet Proven

richard — Fri, 29 Apr 2011 19:16:24 +0000

Despite enthusiasm by E&P cos and investors, successful development efforts to unlock the Niobrara horizontal oil play’s resource potential has been limited, and more time is needed to further delineate its true potential as a resource play.

Commodity Corner: Oil Edges on Economic Worry

richard — Fri, 29 Apr 2011 19:16:24 +0000

Front-month crude settled nearly flat on Thursday as concerns of grew of slowing U.S. economic growth.

Eni, Sonatrach Team Up in Algeria Shale JV

richard — Fri, 29 Apr 2011 19:16:24 +0000

Eni and Sonatrach signed a cooperation agreement for the development of unconventional oil, with particular focus on shale gas.

Change in Oil Funding Priorities Concerns Western Legislators

richard — Fri, 29 Apr 2011 19:16:24 +0000

Lawmakers have passed a bill that changes the way oil money will be allocated amid cries from some western legislators that it will short the oil producing counties.

Mideast Oil Recovery Enters A New Phase

richard — Fri, 29 Apr 2011 19:16:24 +0000

It has always been an axiom of world energy markets that Persian Gulf oil is both easy and cheap to produce.

Shell Reports $6.9B in 1Q11

richard — Fri, 29 Apr 2011 19:16:24 +0000

“Our first quarter 2011 earnings have risen from year-ago levels, driven by higher industry margins and our own operating performance,” said Peter Voser.