Gulfport Energy Corp. officials have reaffirmed the company’s commitment to the Utica Shale, unveiling details of an accelerated, but cheaper, drilling plan coordinated with the construction of much-needed infrastructure in the play.
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Gulfport Committed to Utica Drilling
Gulfport Energy Corp. officials have reaffirmed the company’s commitment to the Utica Shale, unveiling details of an accelerated, but cheaper, drilling plan coordinated with the construction of much-needed infrastructure in the play.
Nexen Inks Another JV Deal, This Time in GOM
One day after unveiling a lucrative exploration joint venture (JV) in British Columbia, Nexen Inc. on Wednesday announced that it has inked another partnership agreement for Gulf of Mexico (GOM) leases.
Central Maine Power Launches Bulk Power Transmission System Study
Unveiling “a major initiative” to ensure the continued reliability of its bulk power transmission system, Energy East Corp. subsidiary Central Maine Power Co. (CMP) said last week that it has launched its Maine Power Reliability Program (MPRP). The transmission system includes 475 miles of 345-kV lines plus substations and control facilities that link New Brunswick, Canada to New Hampshire and southern New England.
EnCana Breathes Life into Deep Panuke Project
EnCana Corp. on Friday revived the hopes for Nova Scotia’s offshore energy industry, unveiling an Offshore Strategic Energy Agreement (OSEA) with the province that establishes the framework for a do over of its $1 billion offshore Deep Panuke natural gas field.
North American Producers’ 2Q Results Mixed; E&P Budgets on Increase
U.S. and Canadian-based producers began unveiling their second quarter results last week, and while some were able to take advantage of higher commodity prices, the results so far are mixed. However, some the larger U.S.-focused independents with extra cash said they will use some of their extra cash to not only pay down debt, but to increase exploration and production (E&P) efforts in the last six months of the year.
Reaction to Energy Plan (Predictably) Mixed
The reaction was loud, long and predictable — and in fact most was probably written well in advance of yesterday’s unveiling. While the energy industry — from natural gas interests, to coal to nuclear power — hailed the Bush energy plan for its long-overdue focus on developing the nation’s energy resources and infrastructure, environmentalists bashed it as a bunch of dirty words aimed at derailing the movement to reduce pollution and preserve the environment.
Reaction to Energy Plan (Predictably) Mixed
The reaction was loud, long and predictable — and in fact most was probably written well in advance of yesterday’s unveiling. While the energy industry — from natural gas interests, to coal to nuclear power — hailed the Bush energy plan for its long-overdue focus on developing the nation’s energy resources and infrastructure, environmentalists bashed it as a bunch of dirty words aimed at derailing the movement to reduce pollution and preserve the environment.
BP, Chevron, Burlington To Pursue Canadian Gas
Just two weeks after unveiling plans to build a pipeline to transport Alaskan North Slope gas to the Lower 48, BP has teamed up with Chevron Corp. and Burlington Resources Inc. to produce gas in the Canadian Arctic. Although no timetable was released, the companies said last week they will spend “considerable resources” to build a production base in the Mackenzie Delta.
BP, Chevron, Burlington to Pursue Canadian Gas
Just two weeks after unveiling plans to build a pipeline totransport Alaskan North Slope gas to the Lower 48, BP has teamed upwith Chevron Corp. and Burlington Resources Inc. to produce gas inthe Canadian Arctic. Although no timetable was released, thecompanies said this week they will spend “considerable resources”to build a production base in the Mackenzie Delta.