Johnson

Citing impacts from low oil prices in late 2018, National Oilwell Varco Inc. (NOV), one of the largest oilfield services operators in the U.S. onshore, said it expects 1Q2019 revenues to come in lower than expected.

The prolonged decline in the nation’s oil and natural gas rig count, falling production and a dwindling inventory of drilled but uncompleted (DUC) wells, paired with the long-awaited increase in gas demand from nearly every corner of the market, could signal a recovery in commodity prices sooner rather than later.

Arizona regulators recently agreed to amend the state's pipeline safety rules to align them with the latest federal standards.

Arizona regulators recently agreed to amend the state’s pipeline safety rules to align them with the latest federal standards.

Executives with the worldwide offshore driller Noble Corp. plc said they began to see warning signs for the industry in the fourth quarter and believe the environment for drilling contracts will remain tough for the foreseeable future — at least until oil prices stabilize.

The Wyoming Oil and Gas Conservation Commission (OGCC) has assessed $1,000 fines against two producers, units of Anadarko Petroleum Corp. and Samson Resources Co., for flaring prohibited amounts of associated natural gas at the wellhead beyond an agreed-to deadline.

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

In the article “Bison Pipeline is Back and Eyeing Growth” (see NGI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.

In the article “Bison Pipeline is Back and Eyeing Growth” (see Daily GPI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.