A magnitude 6.3 earthquake struck the Tibetan Plateau in Tibet's remote region of Nyingchi on Saturday, the US Geological Survey reported. The quake occurred at a depth of 10 kilometers and caused power outages and damage in nearby villages.
The number of natural gas rigs jumped by eight to 177 last week while the US oil rig count was unchanged at 738, according to Baker Hughes. Texas and Louisiana led the gains, while Colorado, New Mexico, Alaska, Oklahoma, North Dakota and Wyoming all posted losses.
Mubadala Petroleum has plugged and abandoned its Ladawan-1 well in the Gulf of Thailand after finding no commercially viable oil in it. The company's partner, Tap Oil, said the well was drilled about 2,175 meters deep and hit about 3.3 meters of oil column.
Tectonic activity and changing sea levels may have influenced the route of the Colorado River between 4.8 million and 6.3 million years ago, ultimately resulting in the river making its way to the Gulf of California, scientists say. The river arrived in the gulf about 5.4 million years ago, but earthquake activity may have trapped sediment upstream, causing the delta to retreat until the river started depositing sediment again, researchers say.
Texas oil and natural gas company Anadarko said it expects to see an 11% gain in sales volumes for 2018 to 245 million to 255 million barrels of oil equivalent, an increase on its 2017 forecast of 224 million to 228 million barrels of oil equivalent. Anadarko expects to spend in the range of $4.2 billion to $4.6 billion in 2018, leading to a 14% increase in oil production growth from 2017.
TransCanada said a leak was discovered on its Keystone pipeline system in South Dakota, spilling 5,000 barrels of oil. The leak was found early Thursday morning, forcing the company to close the pipeline from Alberta to Oklahoma and to Illinois, while its Gulf Coast section remained in operation.
The Chemical Safety Board has decided to scrap its recommendations for worker participation and whistleblower protection on offshore oil rigs after the Bureau of Safety and Environmental Enforcement said it wouldn't enforce such regulations. The recommendations were put forward following the Deepwater Horizon explosion in 2010.
TechnipFMC offers an integrated engineering, procurement, construction and installation model as a cost-saving method for developing small, dormant oilfields near existing subsea structures. The iEPCI system includes a configurable subsea tree, an electro-hydraulic control system, an umbilical and flexible flowline, a schedule for decoupling the rig and vessel, and an integrated subsea production system and umbilical riser flowline.
Norwegian oil and natural gas company Statoil says it may drill 25 to 30 exploration wells in Norway next year, increasing exploration efforts for a second straight year. The company is on track to drill about 30 wells worldwide this year -- more than half of them in Norway.
Washington state geologists have created a map called "The Bare Earth," which shows the state's geologic features beneath the surface. Scientists, who say the effort may help them gain a better understanding of the state's landslides and other natural hazards, used laser mapping equipment, light detection and ranging, and satellite imagery to build the high-definition map.