Shale and tight oil plays are key components of the North American portfolio of Norway’s Statoil ASA, executives told investors in New York City Wednesday. The company also has announced a farm-in agreement that gives it early entry into an Australian shale play.
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Complex Rig Technology in High Demand, Says National Oilwell
National Oilwell Varco Inc. (NOV), which supplies rig technology components and supply chain systems, reported Wednesday that quarterly profits surged from a year ago as operators continued to boost their spending for drilling know-how to compete in more difficult-to-extract basins.
Complex Drilling Technology Revs Profits for National Oilwell Varco
National Oilwell Varco Inc. (NOV), which supplies rig technology components and supply chain systems, reported Wednesday that quarterly profits surged from a year ago as producers boosted their budgets for technology to compete in more difficult-to-extract basins.
Turnabout is Fair Play: Activists Sued Over Fracking Charges
The war of words over hydraulic fracturing (fracking) took an unusual turn recently when Brecksville, OH-based Duck Creek Energy Inc. filed a lawsuit against two anti-fracking activists, claiming that they have “spread false and defamatory information” about the company and one of its products.
Crosstex Expands NGL Pipeline Extension
The Crosstex Energy companies have upsized their Cajun-Sibon natural gas liquids (NGL) Louisiana-Texas pipeline extension project and plan to have it in service during the first half of 2013, Crosstex Energy LP and Crosstex Energy Inc. said Wednesday.
Tetco Expansion Signs Two Anchor Shippers
Two anchor shippers have signed binding agreements for capacity on Texas Eastern Transmission LP’s (Tetco) TEAM 2014 expansion project to carry gas from Appalachia’s shale plays to the Northeast, Midwest and southern United States, the Spectra Energy Corp. pipeline said.
LNG-Powered Fleet to Serve Haynesville Producers
A California-based company, which now provides produced water services to several shale producers, on Tuesday said an Encana Corp. subsidiary would be the sole fuel supplier for its new fleet of liquefied natural gas (LNG) trucks, which initially would service Haynesville Shale producers.
LNG Capacity Grows Upstream and Down
Two more components of the global liquefied natural gas (LNG) supply infrastructure recently came online, adding liquefaction and regasification capacity.
Transportation Notes
CIG declared a force majeure event after an unexpected outage at Kim Compressor Station, located on the Campo Lateral (CS1) constraint point. Engine components must be sent to an external repair facility, CIG said, and it estimated the station’s return to service at approximately one week. Capacity at CS1 was reduced from 414 MMcf/d to 355 MMcf/d Thursday.
Sempra Utilities Get OK for Gas Restructuring Changes
California regulators Thursday approved two more components of the Southern California natural transmission/storage system restructuring that has been unfolding for several years. Sempra Energy’s two utilities got what they asked for from the California Public Utilities Commission (CPUC).