Rates for offshore rigs improved and the amount of downtime fell between April and June, helping to buoy offshore drilling contractor Noble Corp. to higher-than-expected profits.
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ExxonMobil Says Ukraine Could Produce 1.59 Tcf by 2020
ExxonMobil Corp. said it is interested in helping Ukraine develop its oil, gas, shale gas and coalbed methane (CBM) reserves, and estimates the country’s onshore and offshore gas resources could produce 45 billion cubic meters (bcm) (1.59 Tcf) by 2020.
Cabot Considering Sixth Marcellus Rig
A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.
Cabot Production Up, Considering Sixth Marcellus Rig in Fall
A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.
Low Gas Prices Driving Down Some Residential Rates
Lower natural gas prices are helping to trim winter bills for many customers across Ohio and Pennsylvania this year, although one company has said its customers will see a 5% increase.
Industry Stepping Up on Infrastructure, North Dakota Official Says
Industry investment in infrastructure and more emphasis on infill developmental wells are helping to contain North Dakota’s wellhead flaring of natural gas in the oil/liquids-rich Bakken Shale formation, a state official said.
U.S. Energy Companies Called ‘Investment Heroes’
Some of the top energy companies in the country are helping to move the U.S. economy, not through super-human feats but rather as investment heroes, using billions in business spending to create thousands of jobs, according to the Progressive Policy Institute (PPI).
IEA: Coal-to-Gas Switch Drops U.S. CO2 Emissions
Growing use of gas-fired power plants in the United States is helping, to a large extent, to drive down the country’s emissions of carbon dioxide (CO2), according to the International Energy Agency (IEA). Since 2006, the United States has led the world in cutting CO2 emissions, the agency said recently.
Many Sectors Blooming in Low Gas Price Environment
North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers, but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.
Many Sectors Blooming in Low Gas Price Environment
North America’s natural gas prices, now at their lowest level in 10 years, may not be helping explorers but positive impacts are being felt across a variety of industries inside and outside the energy sector, according to an analysis by Moody’s Investors Service.