Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…
Topic / Other Plays
SubscribeOther Plays
Articles from Other Plays
CPV Proposes 1,800 MW Plant for Natural Gas-Rich West Virginia Using CCS
Competitive Power Venture Inc. (CPV) has proposed a 1,800 MW combined-cycle natural gas power plant in West Virginia that could allow the Appalachian Basin production leader to create and distribute more low-carbon power. CPV announced the potential $3 billion investment in Charleston, WV, earlier this month alongside Sen. Joe Manchin (D-WV). Maryland-based CPV also disclosed…
Natural Gas Pipeline Defect, Inadequate CP Contributed to Fatal 2019 Tetco Blast, Says NTSB
A manufacturing defect, a degraded coating and an ineffective corrosion prevention system contributed to a fatal explosion and fire on Enbridge Inc.’s Texas Eastern Transmission (Tetco) natural gas pipeline near Danville, KY, the National Transportation Safety Board (NTSB) said last week. The August 2019 Tetco Line 15 rupture and subsequent fire caused one death and…
Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago
August natural gas and oil permitting across the Lower 48 reversed course from July, particularly in the Permian Basin, but activity still was higher than a year ago, according to data compiled by Evercore ISI. New well permitting declined in August by 3,106 month/month (m/m). Still, the tally last month was 27% higher than in…
Haynesville Continuing to Lead Natural Gas Production Growth in Latest EIA Projections
Spearheaded by the Haynesville Shale, natural gas production from seven key U.S. onshore regions will approach 95 Bcf/d in October, according to the latest modeling from the Energy Information Administration (EIA). Combined output from the Haynesville — along with the Anadarko, Appalachian and Permian basins, as well as the Bakken, Eagle Ford and Niobrara formations…
Alberta Plans for Major Oil and Natural Gas Windfall, with Stipulations
Canadian energy powerhouse Alberta plans to pay down government debt and cut income tax rates if a predicted windfall in oil and natural gas royalty revenue pans out, provincial officials said last week. Assuming oil and gas prices remain at current levels through the province’s fiscal year, which ends March 31, 2023, a new government…
American Noble Begins Sales from Hugoton Natural Gas Field in Kansas
American Noble Gas Inc. is ready to sell output from an exploratory well near Garden City at the Hugoton natural gas field in Haskell and Finney Counties, KS. The initial well was connected to the gathering system on August 11, which marked the beginning of the flow of natural gas and helium for commercial sales,…
Argentina’s YPF Upping Capital Budget to $4B, Driven by Vaca Muerta Shale
Argentine national oil company YPF SA has raised its capital expenditure (capex) forecast for full-year 2022, with a focus on developing the Vaca Muerta Shale formation. New CEO Pablo Iuliano and CFO Alejandro Lew hosted a conference call to discuss the 51% state-owned company’s second-quarter results. “Better-than-expected economic performance so far in 2022 enhanced our…
Northern Oil Pushed Permian Position to Record Production Despite Williston Hiccups
Northern Oil and Gas Inc. posted record production and earnings during the second quarter, led by Permian Basin activities, as it pursues acquisitions in the Williston Basin and elsewhere. CEO Nicholas O’Grady told investors during a second quarter conference call the firm saw an across-the-board production increase during the quarter, attributed to mostly organic growth,…
Pembina Eyes Canada LNG, Montney for Future Growth
Pembina Pipeline Corp. management predicted “meaningful” growth after robust second quarter activity and advancement of some key infrastructure projects. CEO Scott Burrows said the second quarter was an indicator of the upward trajectory for the company, supported by growth in natural gas liquid volumes “across many of Pembina’s systems.” Support for Canadian LNG projects also…