World

ExxonMobil Corp. has completed an expansion of what it says is the world’s largest carbon dioxide (CO2) capture plant. The plant near LaBarge, WY, now has capacity to capture 365 MMcf/d of CO2 from natural gas streams produced from fields in Wyoming.

With dry gas prices continuing to disappoint, the oil and liquids-rich Eagle Ford Shale in South Texas is continuing to draw numerous investors and billions of dollars from near and far, including most recently China’s CNOOC Ltd. (China National Offshore Oil Corp.) in a deal valued at more than $2 billion.

It’s a shale world and it’s only getting bigger, according to Ziff Energy Group’s natural gas consulting manager.

Pour more water on the flame lit by the shale gas explosion in the United States, analysts said last week. There’s just too much gas in the world markets to handle, two separate energy teams wrote.

It’s a shale world and it’s only getting bigger, according to Ziff Energy Group’s natural gas consulting manager.

U.S. natural gas drilling won’t collapse in a sub $4/Mcf world but it will decline through 2011, about the same time gas prices are predicted to gain strength, energy analysts said last week.

U.S. natural gas drilling won’t collapse even in a sub $4/Mcf world but it will decline through 2011 as more producers shift to oilier plays, Raymond James & Associates analysts said Monday.

ExxonMobil Corp. said it has completed the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig, increasing the company’s ability to produce domestic oil and gas from existing facilities at the Santa Ynez unit, offshore Southern California. The well, drilled from the Heritage platform using the producer’s Fast Drill technology, extends more than six miles horizontally and more than 7,000 feet below sea level. According to ExxonMobil, the well will be able to produce an additional 5.8 million boe, an amount equal to the annual energy consumption of more than 144,000 Californians.

ExxonMobil Corp. said it has completed the world’s longest extended-reach well drilled from an existing offshore fixed platform drilling rig, increasing the company’s ability to produce domestic oil and gas from existing facilities at the Santa Ynez unit, offshore Southern California. The well, drilled from the Heritage platform using the producer’s Fast Drill technology, extends more than six miles horizontally and more than 7,000 feet below sea level. According to ExxonMobil, the well will be able to produce an additional 5.8 million boe, an amount equal to the annual energy consumption of more than 144,000 Californians.