Antero Resources Corp., Denver, has agreed to acquire certain nonoperated interests in the Marcellus shale in West Virginia from Statoil ASA for $96 million in cash. The deal is expected to close by the end of the third quarter. Source: News
1 Aug 2016 11:27:49 EDT – The latest stock information is now available for your stocks
XOM Last 86.595 Change –2.355 % Change 2.65% Volume 7,352,969 As of: 1 Aug 2016 11:27:49 EDT View: Stock Quote | News CVX Last 100.21 Change –2.27 % Change 2.22% Volume 3,205,291 As of: 1 Aug 2016 11:27:49 EDT View: Stock Quote | News COP Last 39.94 Change –0.88 % […]
MARKET WATCH: NYMEX crude ends volatile week with a slight gain
The light, sweet crude oil price for September rallied somewhat on the New York market July 29 to end a very volatile week at $41.60/bbl compared with early June when the front-month contract traded around $50/bbl. Source: News
1 Aug 2016 10:18:48 EDT – The latest stock information is now available for your stocks
XOM Last 87.15 Change –1.80 % Change 2.02% Volume 3,022,770 As of: 1 Aug 2016 10:18:48 EDT View: Stock Quote | News CVX Last 101.15 Change –1.33 % Change 1.3% Volume 1,397,778 As of: 1 Aug 2016 10:18:48 EDT View: Stock Quote | News COP Last 40.04 Change –0.78 % […]
Can Iraq tackle its problems?
Iraqis generally recognize that their country sits on some of the world’s largest oil and gas supplies that could provide substantial benefits. But depressed commodity prices aggravated mismanagement imposed by outsiders as well as internally in a nation that’s in the middle of one of the world’s most politically unstable neighborhoods, an expert observed. Source: […]
3-D pipeline spatial data advances design, operation
Testing of data provided by the Second Pipeline Construction Co. of China National Petroleum Corp. (PetroChina Pipeline) shows that using a 3D pipeline spatial-data model (PSDM) not only can further pipeline information management but also aid design and operation. The Pipeline Open Data Standard (PODS) provided the data-testing framework. Source: News
Early detection of custody-transfer gauge issues keys successful use
Proper calibration can yield savings of 0.4% over the typical 25-year life of a large natural gas transfer metering system, equaling $120-330 million of extra revenue for the system examined, depending on commodity pricing. Determining early that meters are properly calibrated is key to realizing these savings. Source: News
Examples illustrate sour-gas processing megaproject metrics
Increased recovery of hydrocarbon resources containing high amounts of H2S has spurred ongoing development of projects to gather and process large volumes of extremely sour gas. Source: News
Refiners tackle Tier 3 compliance at annual conference
During the 2015 American Fuel and Petrochemical Manufacturers Q&A and Technology Forum (Oct. 4-7, New Orleans), US domestic and international refiners dedicated time to discussing trends in hydroprocessing operations, with an extended focus on issues of safety, phosphorous poisoning, and meeting the US Environmental Protection Agency’s (EPA) more stringent Tier 3 gasoline standards that take […]
Cost-cutting not enough to hit IOC growth target
International oil companies (IOCs) responded to low oil prices by cutting spending and costs while seeking to deliver more production. Corporate filings show costs will have to fall below 2010 levels for companies to reach production targets. Source: News