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Drilling Downturn Impacts North American Oilfield Sector

Schlumberger Ltd. and Baker Hughes Inc. said they plan to report lower-than-expected profits for the final quarter of 2012 because of a slowdown in North American drilling activity and overcapacity in pressure pumping services.

December 19, 2012

Natural Gas for Transport Gains Momentum, Says Wood Mackenzie

Wood Mackenzie energy and metals analysts collaborated to identify what they believe will be the major themes of 2013 that could materially impact the long-term landscape. Among other things, keep an eye on growth in the natural gas for transportation markets, said analysts.

December 17, 2012

Natural Gas for Transport Emerging in ‘Key Markets’

Wood Mackenzie energy and metals analysts collaborated to identify what they believe will be the major themes of 2013 that could materially impact the long-term landscape. Among other things, keep an eye on growth in the natural gas for transportation markets, said analysts.

December 17, 2012
Unconventional Gas to Dominate North American Supply by 2040, ExxonMobil Says

Unconventional Gas to Dominate North American Supply by 2040, ExxonMobil Says

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which wasreleased Tuesday.

December 12, 2012

Industry Brief

DCP Midstream LLC and DCP Midstream Partners LP said they are constructing the Goliad cryogenic gas processing plant to serve liquids-rich production from the Eagle Ford Shale in South Texas. The plant will have capacity of 200 MMcf/d and will become part of the DCP Eagle Ford system providing Eagle Ford producers one-stop service from the plant tailgate to Gulf Coast market centers, the partners said. The plant will be constructed and funded by the previously announced DCP Eagle Ford Joint Venture formed Nov. 1, which is owned two-thirds by DCP Midstream and one-third by DCP Midstream Partners. It is expected to be completed by the first quarter of 2014. The plant will be the seventh in South Texas owned by the DCP enterprise.

December 10, 2012

Gulfport, Seneca Announce Encouraging Utica Shale Results

In separate announcements, Gulfport Energy Corp. and Seneca Resources Corp. reported that they are achieving encouraging production results from some of the first horizontal wells drilled in the Utica Shale.

November 29, 2012

Explorers Target San Joaquin Basin

East West Petroleum Corp. and Lani LLC on Monday said they jointly plan to explore two prospective areas in California’s San Joaquin Basin, the Tejon Extension and Tejon Main.

November 20, 2012

WIC, Viking Pipelines Investigated for Over-Recovery of Rates

FERC Thursday opened Section 5 Natural Gas Act (NGA) investigations into the rates charged by pipelines Wyoming Interstate Co. (WIC) and Viking Gas Transmission to determine if they are over-recovering their costs, resulting in unjust and unreasonable rates for their shippers.

November 16, 2012

GE, Clean Energy to Build LNG Vehicle Fuel Plants

A unit of General Electric and natural gas vehicle (NGV) fuel supplier Clean Energy Fuels Corp. said Tuesday they will partner on the development of two liquefied natural gas (LNG) production/storage facilities to help fuel Clean Energy’s proposed national network for fueling long-haul trucking fleets with LNG.

November 14, 2012

EPA Readying Progress Report on Frack Study, Seeks Public Input

An official with the U.S. Environmental Protection Agency (EPA) said a progress report on its study of the potential impacts of hydraulic fracturing (fracking) on drinking water should be issued before the end of the year, and the final report published in 2014.

November 13, 2012
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