Oilfield

DOE, Ormat Use Producing Well’s Hot Water to Generate Power

The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said last week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.

October 27, 2008

DOE, Ormat Use Producing Well’s Hot Water to Generate Power

The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said this week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.

October 23, 2008

DOJ Clears Way for Development of Nanosenors to Find Oil, Gas

The Department of Justice (DOJ) Friday said it will not oppose on antitrust grounds a proposal by a group of oil and natural gas producers, oilfield service companies and the University of Texas to engage in joint research and development involving the application of nanotechnology to the exploration and production of oil and gas.

August 27, 2007

Weather, MLPs, M&A Could Disrupt ‘Benign’ E&P Sector

Strong commodity prices overall have continued to temper the negative impact of higher oilfield costs, but several factors could disrupt the relatively “benign” environment in the exploration and production (E&P) sector through the rest of the year, according to Standard & Poor’s (S&P) credit analysts.

August 6, 2007

Weather, MLPs, M&A Could Disrupt ‘Benign’ E&P Sector

Strong commodity prices overall have continued to temper the negative impact of higher oilfield costs, but several factors could disrupt the relatively “benign” environment in the exploration and production (E&P) sector through the rest of the year, according to Standard & Poor’s (S&P) credit analysts.

August 1, 2007

Canada’s Precision Says Customer Demand for Services Still Declining

Precision Drilling Trust, Canada’s largest oilfield services provider, cut its distribution to investors Friday by 31.5% after it said customer demand for its services was continuing to decline.

May 21, 2007

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased drilling may not be enough to compensate for the slowdown that began last year, energy executives said last week.

April 30, 2007

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased gas drilling may not be enough to compensate for the slowdown that began last year, energy executives said Wednesday.

April 26, 2007

Slowdown in U.S. Land Drilling Expected to Impact Entire Sector

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

April 2, 2007

Slowdown in U.S. Land Drilling Expected to Impact Entire Sector

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

April 2, 2007