Egdon Resources PLC, Odiham, UK, has plugged without testing the Laughton-1 exploratory well on Petroleum Exploration and Development License (PEDL) 209 in Lincolnshire, UK, and says it can proceed with a new phase of exploration that includes shale-gas potential. Source: News
Imperial Oil files applications for Cold Lake SAGD expansion
Imperial Oil Ltd., Calgary, has filed regulatory applications with Alberta Energy Regulator for a 50,000-b/d expansion of its steam-assisted gravity drainage (SAGD) oil sands operations at the Cold Lake lease area. Source: News
Watching Government: Canada's climate commitment
The joint communique issued by Canada’s First Ministers on Mar. 3 in Vancouver, BC, confirmed what officials from the country’s National Energy Board said a day earlier in Washington: Climate issues are being taken seriously now above the border. Source: News
Economist: Industry 'blood-letting' to continue in Texas
Dramatic decreases in Texas upstream oil and gas industry economic indicators-even crude oil production-suggest a continued “bloodletting” in 2016, an economist indicated. Source: News
Oil flows from Goliat platform in Norwegian Arctic
Eni SPA has started production from its Goliat platform in production license 229 in an ice-free area of the Barents Sea. The milestone follows numerous delays and cost overruns. Source: News
Canada's NEB announces changes as it issues Energy Future 2016 report
New forces ranging from persistently depressed crude-oil prices to growing government climate-change polices are making Canada’s National Energy Board alter its forecasting approach, officials said. Source: News
MARKET WATCH: New York, London oil prices gain after IEA report
Crude oil prices climbed 66¢ on the New York market to settle at $38.50/bbl on Mar. 11 after a few positive reports on the world oil supply possibly showing signs of lessening. Light, sweet crude prices ended the week up 7.2%, marking their fourth consecutive weekly gain. Source: News
Statisticians needed
A study compiled by the American Statistical Association (ASA) found that statistics is one of the fastest-growing degrees currently in the US. High demand for statisticians in the consumer products, healthcare, technology, government and manufacturing areas of the economy, however, might not be met despite the rise in statistics degrees. Source: News
Ecopetrol defers Barrancabermeja refinery revamp
State-owned Ecopetrol SA has postponed further activities related to a more than $3-billion project designed to modernize and increase crude processing capacity to 300,000 b/d at its 250,000-b/d Barrancabermeja refinery in Santander, Colombia. Source: News
US rig count hits all-time low in recorded data
The overall weekly US rig count is now at its lowest point in Baker Hughes Inc. data that begins in the 1940s, and perhaps since the infancy of US oil and gas industry in the mid-19th century. Source: News