Oil & Gas
Top stories summarized by our editors
10/18/2017

US shale producers are showing a willingness to abandon growth ambitions in favor of improving cash flow and returns on capital, but this shift is not guaranteed, writes Liam Denning. The increasing backlog of drilled-but-uncompleted shale wells could provide investors with a signal as to growth in oil production and what oil prices will look like next year, he writes.

10/18/2017

The emergence of the US as an exporter of liquefied natural gas could affect energy markets the world over, as the number of countries importing LNG has more than tripled since 2005. "In the near term, gas will replace coal, in the medium term it will partner with renewables, and in the long term it will take care of those parts of energy demand that cannot be electrified," said Maarten Wetselaar of Royal Dutch Shell.

10/18/2017

Elevated construction costs and difficulty in securing long-term supply contracts could hurt the availability of credit for developers of US liquefied natural gas export terminals, according to S&P Global Ratings.

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S&P Global Platts
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liquefied natural gas
10/18/2017

As the PennEast Pipeline awaits federal approval, project manager Tony Cox says the pipeline could help Pennsylvania and New Jersey consumers save hundreds of millions of dollars on electricity and natural gas.

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Tony Cox, natural gas
10/18/2017

US crude stockpiles fell by 7.1 million barrels last week, according to the American Petroleum Institute. Meanwhile, gasoline and distillate supplies gained 1.9 million and 1.6 million barrels, respectively.

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MarketWatch
10/18/2017

Canadian oil sands operators are abandoning expansion plans and shifting to smaller projects because of high costs associated with new thermal projects, which have a break-even point of about $60 per barrel.

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Reuters
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oil sands, break-even point
10/18/2017

Kuwait Oil is using a downhole flow measurement tool on coiled tubing to flush oil out of reservoirs during the water-injection process in less time and at a lower cost. The tool identifies tight zones and monitors and controls the placement of fluid.

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World Oil
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Kuwait Oil Co.
10/18/2017

Natural gas drillers are refocusing their efforts on the Haynesville Shale field in northwest Louisiana and eastern Texas as companies learn to extract more gas from wells at lower cost by using technology such as long lateral wells. The number of rigs has more than tripled in the field in the past year, and gas production has increased by over 20%.

10/18/2017

Reliance Industries and BP plan to drill five or six natural gas wells in India's Krishna Godavari Basin. The $1.5 billion investment aims to bring six satellite gas discoveries into operation by 2022, potentially producing 10 million to 12 million standard cubic meters of gas daily.

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The Hindu (India)
10/18/2017

Italy has awarded the 19.5-square-kilometer Sant' Alberto natural gas production concession near Bologna to Australia-based Po Valley Energy. The company plans to install a modular gas-processing facility at the concession, which may hold 59.5 million cubic meters of gas.