Tight natural gas and shale gas boosted British Columbia’s (BC) reserves numbers to record levels from 2009 to 2010, and more gains are expected as development continues, according to the province’s energy regulator.
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Uptick in Deepwater Permit Numbers Said Misleading
An apparent uptick in approved permits in the deepwater Gulf of Mexico (GOM) has boosted investor enthusiasm about the near-term prospects for offshore activity but the backlog of permits issued but not yet drilled paints a different picture, according to an analysis by FBR Capital Markets.
Louisiana NGL Cracker Poised for Expansion
Boosted by the “shale gas revolution,” Williams on Tuesday said it will spend up to $400 million to expand its Geismar olefins production facility near Baton Rouge, LA.
Devon to Accelerate North American Drilling
Devon Energy Corp. has boosted its 2011 capital spending plan by $1 billion to accelerate operations in Canada and the Permian Basin, increase development in the Barnett and Cana-Woodford shales and add acreage in prospective onshore plays, executives said Tuesday.
BP: U.S. Shale Reshaping Global Gas Market
The United States in 2010 led the world in natural gas production for the second year in a row, boosted by massive shale deposits, according to the latest statistical review by BP plc.
U.S. Shale Reshaping Global Gas Market, Says BP
The United States in 2010 continued to lead the world in natural gas production, boosted by massive shale deposits, according to the latest statistical review by BP plc.
Baker Hughes CEO: North America Pressure Pumping ‘Sold Out’
Baker Hughes Inc. on Wednesday reported a surge in profits for the first quarter, boosted by a huge demand for oilfield services across U.S. and Canadian unconventional natural gas and oil plays.
Chevron’s Upstream Unit Projecting Profit Gains
Boosted by higher crude oil prices, Chevron Corp.’s upstream unit is expected to deliver higher earnings sequentially for the first quarter from the final period of 2010, the producer said late Monday in an interim earnings report.
‘Blistering Hot’ Pressure Pumping Market, Says National Oilwell Exec
Drilling equipment demand in the global offshore, combined with unstoppable pressure pumping activity across North America, boosted the year/year performance for Houston’s National Oilwell Varco (NOV).
‘Blistering Hot’ Pressure Pumping Market, Says National Oilwell Exec
Drilling equipment demand in the global offshore, combined with unstoppable pressure pumping activity across North America, boosted the year/year performance for Houston’s National Oilwell Varco (NOV).