Oil & Gas
Top stories summarized by our editors
10/20/2017

New-well productivity in North Dakota's Bakken Shale is expected to be the highest of all major US shale plays in November, helped by enhanced completion techniques and a focus on core acreage, according to the Energy Information Administration. Separately, the first shipment of Bakken oil to China is expected next month in a sale made by Continental Resources.

10/20/2017

Colonial Pipeline will increase capacity at two of its lines by 50,000 barrels per day by March 2019, the pipeline operator announced on Thursday. The expansions to one gasoline and diesel line each would be the first since 2013.

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Argus Media
10/20/2017

Canadian producer Cenovus Energy will sell oil-producing assets in Alberta's Palliser field to Schlumberger and Torxen Energy for $1.04 billion. The sale is part of Cenovus' plan to divest assets this year to repay debt from its acquisition of ConocoPhillips' Canadian operations.

10/20/2017

The City Council of Lafayette, Colo., on Tuesday voted in favor of a yearlong moratorium on new oil and natural gas drilling. The measure still needs a second vote before it can become official.

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natural gas
10/20/2017

Mexico, which already is planning a deepwater Gulf of Mexico oil-block auction in January and a shallow-water auction in March, likely will add a third auction next year. The terms of bidding for conventional onshore oil and natural gas blocks are expected to be announced later this year or early next year, and contracts may be awarded in the summer, Mexico's head of the National Hydrocarbons Commission said.

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Reuters
10/20/2017

Aker Solutions, an oilfield services company, says it will deliver a record-size steel-tube umbilical system to an unnamed customer for a subsea development. The Norwegian company has received a $201 million contract for the project, which will include 250 kilometers of umbilicals, said Aker CEO Luis Araujo.

10/20/2017

Energean Oil & Gas says an audit shows its two natural gas blocks off the coast of Montenegro in the eastern Adriatic Sea contain an estimated 1.8 trillion cubic feet of recoverable reserves. The Greek company has a 30-year license to explore the two blocks, which cover 338 square kilometers.

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Reuters
10/20/2017

Offshore drilling contractor Rowan and Saudi Arabia have started ARO Drilling, which will lead Saudi Arabia's shallow-water drilling projects. Texas-based Rowan and Saudi Arabia's Saudi Aramco are providing rigs to launch ARO, which plans to buy 20 new rigs through 2030.

10/20/2017

W&T Offshore is drilling an oil and natural gas exploration well off the coast of Louisiana in the Gulf of Mexico in about 52 meters of water. Drilling at the prospect, which is estimated to contain 3.2 million barrels of oil and 90 billion cubic feet of gas, will take about 55 days and reach a depth of 3,292 meters, says Otto Energy, a partner in the project.

10/20/2017

Chevron says it's temporarily suspending oil-drilling operations in Iraqi Kurdistan because of fighting in Kirkuk and a flight ban affecting the region. Chevron has been focusing on two oil blocks in Iraqi Kurdistan, but they have not yet provided enough oil for commercial production.

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Iraqi Kurdistan, Chevron, Kirkuk