Officials from one of two Colorado cities to halt hydraulic fracturing (fracking) within its boundaries, Commerce City, heard from a panel of experts that a permanent ban against the oil/gas industry drilling technology is not possible, and besides, the state already closely regulates the practice.
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Shell’s Long-Delayed Beaufort Drilling Plan Moves Forward
Royal Dutch Shell plc on Thursday was awarded conditional approval by the Department of Interior to drill up to four exploratory wells over two years in northern Alaska’s Beaufort Sea, where it has invested more than $3.5 billion in leases and predevelopment.
Interior Backs Shell’s Long-Delayed Beaufort Sea Drilling Plan
Royal Dutch Shell plc on Thursday was awarded conditional approval by the Department of Interior to drill up to four exploratory wells over two years in northern Alaska’s Beaufort Sea, where it has invested more than $3.5 billion in leases and predevelopment.
Shell Resurrects Arctic Drilling Plan
A unit of Royal Dutch Shell plc last week submitted a plan of exploration (POE) that details a proposal to drill exploratory wells in Camden Bay, AK, in the Beaufort Sea beginning in 2012.
Shell Resurrects Arctic Drilling Plan
A unit of Royal Dutch Shell plc late Wednesday submitted a plan of exploration (POE) that details a proposal to drill exploratory wells in the Camden Bay, AK, area of the Beaufort Sea beginning in 2012.
Baker Hughes Raises Rig Count, Reports Strong Services Demand
The North American drilling services market is tight and getting tighter, squeezed by increased activity in liquids-heavy and emerging shale oil plays, Baker Hughes Inc. CEO Chad Deaton said Tuesday.
Chevron Hikes 2011 Capital Budget
Chevron Corp. has set a $26 billion capital and exploratory spending program for 2011, which is about $4 billion more than it budgeted for this year.
Chevron Hikes 2011 Capital Budget
Chevron Corp. said Thursday it has set a $26 billion capital and exploratory spending program for 2011, which is about $4 billion more than it budgeted for this year.
Industry Briefs
Chevron Corp. said it plans to spend $21.6 billion on its capital and exploratory program for 2010, including $4.1 billion in the United States. Spending overall is set to decline by 5% from projected 2009 spending. Earlier this month ConocoPhillips said it would reduce 2010 North American spending in 2010 by 10% from this year (see NGI, Dec. 7). Global upstream spending for 2010 totals $17.3 billion, Chevron said. Included in the plan is $1.6 billion of expenditures by affiliates, which do not require cash outlays by the producer’s consolidated companies. About 80% of the coming year’s spending will be directed at upstream natural gas and oil exploration and production (E&P) worldwide. Another 16% is going to downstream businesses. Major E&P projects in the United States are to include deepwater exploration and development projects in the Gulf of Mexico, which include Jack-St. Malo, Perdido, Tahiti, Tonga and Big Foot. In Canada the Athabasca oilsands are on the list for expansion.
Chevron Cuts 2010 Spending by 5%
Chevron Corp. said Thursday it will spend $21.6 billion on its capital and exploratory program for 2010, including $4.1 billion in the United States. Spending will be down 5% from projected 2009 spending.