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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Articles from Improved
Sinopec Claims Half-Stake in Chesapeake’s Mississippian Lime
Chesapeake Energy Corp. has begun operating its 850,000 net acre leasehold in the Mississippian Lime jointly with China’s Sinopec International Petroleum Exploration Corp. after the duo completed a $1 billion-plus joint venture (JV) agreement.
July 2, 2013
IEA: Shales Driving U.S. to Production Growth World Leader
The International Energy Agency (IEA) said U.S. gas production could reach 797 billion cubic meters (bcm) (28.14 Tcf) by 2018, 17% higher than last year’s total of 681 bcm (24.05 Tcf), which was a 5% increase over 2011. That’s thanks to shale gas. Other countries have it, but they won’t be getting at it for some time, and that fact will keep the United States among the leading natural gas producers.
June 21, 2013
CFTC Readies ‘Bullet-Proof” Rule on Speculative Limits
The Commodity Futures Trading Commission (CFTC) is expected to release within a few weeks a new and improved rule aimed at restricting excessive speculation in the swaps market, said CFTC Commissioner Bart Chilton last Wednesday.
May 6, 2013
Bakken Well Spacing Key, Says MDU CEO
How to space wells in the Bakken Shale remains the “question of the day” for exploration production (E&P) operators working in the play, according to the CEO of Bismarck, ND-based MDU Resources Group Inc.
May 3, 2013
CFTC Soon to Issue ‘Bullet-Proof” Rule on Speculative Limits
The Commodity Futures Trading Commission (CFTC) is expected to release within a few weeks a new and improved rule to restrict excessive speculation in the swaps market, said CFTC Commissioner Bart Chilton Wednesday.
May 2, 2013
‘Energy Matters Profoundly’ to U.S. Security, Says Top Obama Aide
The reversal of fortune in U.S. natural gas and oil reserves has improved energy security and given the country more leverage around the world, President Obama’s National Security Advisor Tom Donilon said last week.
April 29, 2013
‘Energy Matters Profoundly’ to U.S. Security, Says Top Obama Aide
The reversal of fortune in U.S. natural gas and oil reserves has improved energy security and given the country more leverage around the world, President Obama’s National Security Advisor Tom Donilon said Wednesday.
April 25, 2013
BNSF Singing Freight Train ‘Blues’ in Natural Gas Test
Berkshire Hathaway Inc.’s locomotive unit, BNSF Railway Co., is launching a pilot project this year to test whether the blue flame of natural gas in liquid form might deliver a cleaner, more economic sound than diesel in its freight trains.
March 11, 2013
BNSF Sees More Crude Traffic, Readies Test of NatGas Locomotives
Crude oil shipments on all U.S. railroads could hit 700,000 b/d by the end of this year, up 40% from current levels, and top 1 million b/d in 18 months, said BNSF Railway Co. CEO Matthew Rose.
March 8, 2013
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