Believe

The “brute force” drilling process that unlocked North America’s shale deposits won’t easily be transferred overseas, Schlumberger Ltd. COO Paal Kibsgaard said Wednesday.

Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.

Oil and natural gas producers and environmental groups routinely have been at odds with each other over the practice of hydraulic fracturing (fracking), but they are now working together to draft a framework for regulation.

U.S. senators representing California Tuesday said they believe the pipeline explosion in San Bruno, CA, earlier this month would have been far less of a disaster if the Pacific Gas and Electric (PG&E) line had automatic shutoff valves.

A high-ranking Halliburton executive Tuesday said he doesn’t believe drilling in the offshore — both in shallow water and deepwater — can remain at a standstill for long as a result of the Deepwater Horizon rig explosion and oil spill in the Gulf of Mexico (GOM).

Don’t believe the reports that more liquefied natural gas (LNG) shipments are headed to the United States this year, an executive with GDF-Suez Gas North America (GSGNA) said last week.

Don’t believe the reports that more liquefied natural gas (LNG) shipments are headed to the United States this year, said an executive with GDF-Suez Gas North America (GSGNA).

Nine centrist Democrats led by Sen. Arlen Specter of Pennsylvania Thursday sent a letter to President Obama spelling out the principles that they believe should be the core of any international climate policy negotiated in Copenhagen, Denmark.

More than three-quarters of the world’s oil and gas companies surveyed believe climate change could impact their business: increasing downtime, system failures and safety; but only 19% are taking action, according to an Acclimatise report sponsored by IBM.