E&P

ExxonMobil Corp. said Friday it has started up production at Point Thomson, the first company-operated project on Alaska’s North Slope, where initial output is expected to be 5,000 b/d of condensate and 100 MMcf/d of natural gas.

Pennsylvania’s Independent Regulatory Review Commission (IRRC) has approved the state Department of Environmental Protection’s (DEP) sweeping overhaul of environmental regulations for the oil and natural gas industry, bringing the rules one step closer to being finalized after more than four years and much controversy.

No. 1 oilfield services operator Schlumberger Ltd. laid off another 8,000 people in the first quarter, with more job cuts likely to happen before the end of June, CEO Paal Kibsgaard said Friday.

ExxonMobil Corp. said Friday it has started up production at Point Thomson, the first company-operated project on Alaska’s North Slope, where initial output is expected to be 5,000 b/d of condensate and 100 MMcf/d of natural gas.

During a week in which only eight land-based U.S. drilling rigs left play, Texas and the Permian Basin saw the majority of departures, losing seven and five rigs each, respectively.

No. 1 oilfield services operator Schlumberger Ltd. laid off another 8,000 people in the first quarter, with more job cuts likely to happen before the end of June, CEO Paal Kibsgaard said Friday.

During a week in which only eight land-based U.S. drilling rigs left play, Texas and the Permian Basin saw the majority of departures, losing seven and five rigs each, respectively.

During a week in which only eight land-based U.S. drilling rigs left play, Texas and the Permian Basin saw the majority of departures, losing seven and five rigs each, respectively.

Southwestern Energy Co., one of the nation’s largest natural gas producers, spent the first quarter living within its means as it focused sharply on positioning itself for a commodities rebound and delivering on a plan it highlighted earlier this year to reduce debt and maximize efficiency.