Saturday, September 27, 2025
Oil & Gas 360

U.K. Approves Western Europe’s First Fracing Permit in Five Years

The North Yorkshire County Council approved a fracing permit for an existing well Privately held Third Energy received the first approval to use hydraulic fracturing in Western Europe since 2011 this week. The North Yorkshire County Council voted 7-4 allow the U.K.-based company to frac an existing natural gas well. “This approval is a huge responsibility. We will have to

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U.S. Remains World’s Top Hydrocarbon Producer in 2015

Total U.S. hydrocarbon production continued to grow even as prices remained low The United States remained the largest hydrocarbon producer in the world for the third consecutive year in 2015. Despite low crude oil prices, and a 60% drop in the number of operating oil and natural gas rigs, U.S. petroleum and natural gas hydrocarbon production increased roughly 2.0 MMBOEPD

Parsley Energy Announces Pricing of $200 Million Private Placement of Senior Unsecured Notes due 2024, and Common Stock Offering

AUSTIN, Texas, May 24, 2016 /PRNewswire/ — Parsley Energy, LLC (“Parsley”), a subsidiary of Parsley Energy, Inc. (NYSE: PE) (“Parsley Inc.”), and Parsley’s wholly owned subsidiary, Parsley Finance Corp., announced today the pricing of its previously announced private placement (the “Notes Offering”) of senior notes due 2024 (the “2024 Notes”). The 2024 Notes mature on June 1, 2024, will pay interest at the rate of

Low Oil Prices Exacerbate Iraq’s Political Crisis

From Newsweek Iraq is exporting around 3.3 million barrels of oil a day from Basrah in the south and around 500,000 barrels from the Kurdish region through Turkey. However, despite the record levels of export and production, the country’s finances are in a worse shape than a few years ago when production was around 30 percent less. Low oil prices are

Minister of the Environment and Climate Change: No Plans to Ban Natural Gas

From the Observer/Op-Ed by Glen Murray, Minister of the Environment and Climate Change There has been a slew of misinformation shared by Progress Conservative Party in recent days about the future of natural gas in Ontario as the province takes the next step in our fight against climate change. It’s time to set the record straight. To be very clear,

Suncor Energy Provides RMWB Operations Update

CALGARY, ALBERTA–(Marketwired – May 23, 2016) – Suncor today announced it has begun the remobilization process of its employees to support the staged restart of its operations in the Regional Municipality of Wood Buffalo (RMWB). The evacuation order was lifted by the Regional Emergency Operations Centre the evening of May 20, 2016. In addition, Suncor continues to assess the situation,