Snow depths on Alaska’s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 billion barrels of oil. — Read on www.bloomberg.com/news/articles/2019-09-07/alaska-snow-cover-thinning-may-pose-hurdle-for-refuge-drilling Advertisements
When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]Read more "Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com"
Stakes have been placed in the ground, pipe stacked in yards and construction is set to begin on the Permian Highway Pipeline. The $2 billion partnership between Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream subsidiary Altus Midstream Processing LP will be comprised of 430 miles of 42-inch pipeline carrying up to 2.1 billion cubic […]Read more "Construction about to begin on Permian Highway natural gas pipeline – San Antonio Express-News"
Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]Read more "Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram"
Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growthRead more "Moody’s: Outlook stable for global E&P growth | Oil & Gas Journal"
ANCHORAGE, Alaska (AP) — An Alaska community has criticized the process used to select the terminus of the proposed $43 billion Alaska LNG Project, a report said. An environmental review by… — Read on www.apnews.com/14f426b0305d442eb4e5bfce11f52557Read more "Alaska communities debate proposed location of LNG project"
U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. — Read on www.reuters.com/article/us-storm-gulfmexico/u-s-oil-companies-slash-gulf-of-mexico-production-as-storm-bears-down-idUSKCN1U51LJRead more "U.S. oil companies slash Gulf of Mexico production as storm bears down – Reuters"
President Trump touted his environmental successes in a speech from the White House on Monday that focused heavily on his steering of the economy and help for the nation’s energy sector, and that didn’t include the phrase “climate change” once. Flanked by Cabinet heads from the Department of Energy, Environmental Protection Agency (EPA) and Interior Department, […]Read more "Trump touts environmental policies, but says nothing of climate change | TheHill"
Encana Corp. says its wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., has signed a deal to sell its natural gas assets in Oklahoma’s Arkoma Basin for $165 million. — Read on www.cbc.ca/news/canada/calgary/encana-newfield-sells-oklahoma-arkoma-basin-assets-1.5203644Read more "Encana subsidiary selling assets in Oklahoma’s Arkoma Basin for $165M | CBC News"
U.S. crude oil production surpassed 12 million barrels per day in April – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.phpRead more "U.S. crude oil production surpassed 12 million barrels per day in April – Today in Energy – U.S. Energy Information Administration (EIA)"