Claimed

U.S. Records Fastest-Ever Oil Growth, Says BP

The United States claimed the title in 2012 for the leading production growth for not only natural gas but also oil, boosted by its considerable unconventional stores, according to BP plc’s annual benchmark of global energy resources.

June 13, 2013

Industry Brief

Just one month after Russia’s state-owned OAO Rosneft claimed a stake in 20 deepwater Gulf of Mexico (GOM) exploration blocks held by ExxonMobil Corp., the partners said they plan to spend as much as $15 billion to build a liquefied natural gas (LNG) export facility on Russia’s Pacific Coast that would ship fuel to Asia-Pacific markets. A final investment decision is set for June, and if it’s approved, the plant could begin exporting LNG by 2018, according to Rosneft, which is the world’s largest listed oil producer (see Daily GPI, March 22). Rosneft and ExxonMobil in 2011 struck a cooperation agreement to swap access in Russia’s Arctic offshore and other areas; Rosneft gained access to U.S. and Canadian plays in the onshore and GOM (see Daily GPI, Aug. 31, 2011). Rosneft acquired a 30% interest in the 20 deepwater GOM blocks last month (see Daily GPI, March 13). The partners expanded the strategic agreement in February, which gave Rosneft the option to take a stake in the Point Thomson, AK, gas project (see Daily GPI, Feb. 14). At that time, they signed a memorandum of understanding to study the economic viability of a LNG development in the Russian Far East.

April 12, 2013

Group Aims to ‘Steer’ Eagle Ford Development Right

The South Texas Energy and Economic Roundtable (Steer), which is claimed to be “the most comprehensive Eagle Ford Shale resource in the region,” has opened its offices in San Antonio, TX.

March 12, 2013

Obama Seen Playing ‘Fast and Loose’ On Federal Lands Permitting Promise

President Obama was playing “fast and loose” when he claimed in his State of the Union (SOTU) address that his administration has been working to speed applications for permits to drill (APD) for energy production on federal lands, said Rep. Doc Hastings (R-WA), the chairman of the House Natural Resources Committee.

February 15, 2013

Chesapeake, Partners Join Utica Midstream Buildout

Chesapeake Energy Corp., through affiliates of Chesapeake Midstream Development LP (CMD), is partnering with M3 Midstream LLC (Momentum) and EV Energy Partners LP to develop what it claimed will be the largest integrated midstream service complex in eastern Ohio to serve Utica Shale production.

March 16, 2012

Wyoming an Energy Leader, Says Governor

Wyoming Gov. Matt Mead claimed on Monday that Wyoming has found ways to solve its energy issues without federal intervention. In his state of the state address, the governor said Wyoming is exporting more Btus than any other state; minerals, including oil and gas, make up 80% of the state’s revenues.

February 14, 2012

Houston Area Getting New Drilling Simulator

What is claimed to be North America’s most advanced drilling simulator is expected to begin operations early next year near Houston with the goal of making offshore operations safer and less costly.

December 29, 2011

Encana: EPA’s Wyoming Draft Report Only Serves ‘To Trigger Undue Alarm’

After weathering the U.S. Environmental Protection Agency’s draft report late last week, which claimed that the groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp., went on offense Monday, noting that many of the EPA’s findings from its recent deep monitoring wells, including those related to any potential connection between fracking and Pavillion groundwater quality, “are conjecture, not factual, and only serve to trigger undue alarm.”

December 13, 2011

Encana Slams EPA Over ‘Not Factual’ Pavillion, WY, Water Draft Report

After weathering the U.S. Environmental Protection Agency’s draft report late last week, which claimed that the groundwater in Pavillion, WY, contains chemicals that are normally used in natural gas production practices, such as hydraulic fracturing (fracking), Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corp., went on offense Monday, noting that many of the EPA’s findings from its recent deep monitoring wells, including those related to any potential connection between fracking and Pavillion groundwater quality, “are conjecture, not factual, and only serve to trigger undue alarm.”

December 13, 2011

BP: Halliburton ‘Intentionally’ Destroyed Macondo Evidence

BP plc claimed in court papers on Monday that Halliburton Co. “intentionally destroyed evidence” in the weeks after the Macondo well blowout in the deepwater Gulf of Mexico (GOM).

December 7, 2011
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