Enbridge Bakken Pipeline Co. Inc. has completed and placed in service its 77-mile Bakken Pipeline Project Canada, which connects to the Enbridge Pipelines Inc. (EPI) Mainline and carries crude oil from the Bakken Shale to North American refinery markets, Enbridge Energy Partners LP (EEP) and Enbridge Income Fund said Monday.
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Newfield Needs to Show Growth, Says Analyst
Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.
Plan In Hand, Newfield Needs to Execute, Analyst Says
Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.
Ohio Governor Proposes Two-Tier Severance Tax Structure
Ohio Gov. John Kasich unveiled his proposed biennial executive budget on Monday, which includes a two-tier severance tax structure that would, for the first time, differentiate between horizontal and vertical wells drilled into the emerging Utica Shale.
Shell, Qatar Petroleum Let Fly Gas-Based Aviation Fuel
Royal Dutch Shell plc and Qatar Petroleum provided a natural gas-based jet fuel to Qatar Airways earlier this month for the first commercial flight from Qatar’s Doha International to London Heathrow.
Canada’s BNK Encouraged by Test Results in Woodford Shale
Canada’s BNK Petroleum Inc. announced Sunday that its subsidiary in the United States has so far seen “very encouraging results” from a test well in southern Oklahoma’s Tishomingo field, in the Ardmore Basin of the Woodford Shale.
Merger OK Would Grow LNG Export Project, Petronas, Progress Say
Petronas Carigali Canada Ltd. and Progress Energy Resources Corp. provided more details on their proposed Western Canada liquefied natural gas (LNG) export facility, including its name, and said the project’s throughput could increase by 60% if regulators approve the companies’ proposed merger.
Baker Hughes Hit by Slumping Natural Gas Market
The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.
Baker Hughes Hit by Slumping Natural Gas Market
The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.
Oil-Gas Lines Blurred As Unconventional Rig Count Declines
Unconventional oil and gas drilling within the 13 plays tracked by NGI’s Shale Daily Unconventional Rig Count dropped by a combined 13 rigs, or 1%, from the previous week to 869 rigs for the week ending Sept. 28. While some of the plays reporting increases or declines in activity were to be expected, others came as a bit of a surprise.