Archive | January, 2016

Obama Issues New Methane Rules, Adds To O&G Headwinds

Jeff Reed posted 1-22-2016 On Friday, the Obama administration proposed a new rule aimed at reducing emissions of methane from O&G drilling on federal land. The measure would mandate that O&G companies use equipment to capture leaked gas and would increase the costs they pay for extracting hydrocarbons on public property. “The proposed rule on […]

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Tenacious Grandmother Joins “Boys Only” Offshore Club & Stays For 30 Years

Elizabeth Vinson posted 1-14-16 When she was just 16 years old, a scooter accident left Patricia (Pat) Thomson unconscious for 3 days. As a result, Pat has no memory of her childhood in Scotland though she thinks she must have been a bit of an adventurous tomboy. Pat’s proud of the fact that the motorbike […]

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Canada’s Largest Pressure Pumper Throws In The Towel On US Shale

Joseph Triepke posted 1-13-16 On Tuesday, Trican Well Services announced that it has entered negotiations to sell its US pressure pumping business. Trican is the largest Canadian frac company and has 16 frac spreads (645,000 horsepower) in the US. Only 6 of Trican’s 16 US spreads are currently active – the rest have been parked […]

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Conoco Phillips ships first LNG from Australian mega project

HOUSTON January 11, 2016 — The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG facility in Queensland,  ConocoPhillips and its partners in the project announced early Monday. The shipment, carried on the 935-foot meter tanker Methane Spirit and bound for customer in Asia, is among the first in a wave of […]

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Why Reality Dictates A Price War

William Edwards posted 1-4-16 I would like to welcome you to the real world of the commercial oil business. Be careful, though, before you accept my invitation as it might result in a change in your thinking. First, let us recognize that there are two oil worlds: the political one and the physical one. Both […]

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