Oilfield Services

Petrobras Brings in North Jupiter Well, Achieves Production Records in July

Brazil Mourns Death of Presidential Candidate Eduardo Campos

Petrobras (ticker: PBR), the Brazilian integrated oil and gas company, announced today the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally …

August 13, 2014 - 6:11 pm Oil and Gas 360 Articles, Oilfield Services
Mexico Prepares for Hydrocarbon Bidding War; Supermajors Lie in Wait

Mexico Prepares for Hydrocarbon Bidding War; Supermajors Lie in Wait

For 76 years, Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, has been the government-enforced monopoly over all of the country’s oil and gas industry efforts. Roughly one-third of all of Mexico’s tax revenues is derived from Pemex, according to …

Utica Shale Graduates to EIA’s Drilling Productivity Report

Utica Shale Graduates to EIA’s Drilling Productivity Report

The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, …

August 12, 2014 - 5:41 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Russia’s Sanctions: Who will Blink First?

Russia’s Sanctions: Who will Blink First?

Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by …

MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January …

Will North Dakota Tribes Collect Royalty Payments for Flared Gas?

Will North Dakota Tribes Collect Royalty Payments for Flared Gas?

Three Native American tribes whose land hosts up to one third of North Dakota’s 1 million BOPD production have asked oil companies to pay royalties on the natural gas they are burning off, or flaring, from oil wells on Indian …

August 11, 2014 - 5:29 pm Finance, Midstream, Oil and Gas 360 Articles, Oilfield Services
Malaysia’s US$27 Billion RAPID Integrated Refinery/LNG/Petrochemical Complex Moves Forward

Malaysia’s US$27 Billion RAPID Integrated Refinery/LNG/Petrochemical Complex Moves Forward

Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player …

August 11, 2014 - 4:54 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

Denver International Airport’s Newest Rewards Program: Natural Gas

Denver International Airport is unique.

From the architecture to the natural lighting, and from the head-scratching sculptures to the scores of strange murals, DIA is a Midwest hub home to thousands of travelers, massive infrastructure, and yes, even conspiracy theories.…

August 8, 2014 - 5:42 pm Oil and Gas 360 Articles, Oilfield Services

Petronas Gets Jump Start on Future Employees Through Education Outreach

According to the U.S. Bureau of Labor Statistics, the employment of petroleum engineers is expected to grow 26% by 2022 compared to 2012, much faster than the national average or of other engineering jobs. There is a huge shortage

Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. The majority of operations are focused on the Cardium tight oil play in Alberta – an area that has boosted production rates tenfold since …

Oil Companies Evacuating Iraq; ISIS Selling Black Market Crude for $30/Barrel

Reuters reported that both ExxonMobil Corporation (ticker: XOM) and Chevron Corporation (ticker: CVX) evacuated their staffs from Iraqi Kurdistan this morning. The employees of the oil giants join several thousand civilians attempting to escape violent Islamic State terrorists, also known …

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

A number of oil train derailments and resulting fires over the past year in the U.S. and Canada spurred questions about the volatility risk of U.S. Bakken crude oil being shipped by rail from North Dakota to refineries throughout North …

Hein Named to Top 100 Public Accounting Firms for 2014

Hein & Associates LLP, a leading accounting and advisory firm with $50.7 million net revenue, has been named to INSIDE Public Accounting’s (IPA) Top 100 List for 2014.

“It is gratifying to again be listed in the IPA Top 100 …

August 5, 2014 - 6:40 pm Oil and Gas 360 Articles, Oilfield Services
Marcellus Gas Output Tops 15 Bcf/Day in July

Marcellus Gas Output Tops 15 Bcf/Day in July

Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day.

The shale deposit that now accounts for almost 40% of U.S. shale …

Representative: Colorado, U.S. Energy Independence are “Big Winners” in Initiative Compromise

Representative: Colorado, U.S. Energy Independence are “Big Winners” in Initiative Compromise

Two initiatives targeting Colorado’s oil and gas industry are effectively dead as of yesterday, August 4, 2014. The announcement was a somewhat surprising end to a escalating issue spearheaded by two Democratic officials. Popular sentiment among local and national …

China to Build $10 Billion in LNG Ships

In part of its effort to “wage war on pollution,” as promised by Premier Li Kequiang, China’s shipyards will take upwards of $10 billion in orders for new LNG tankers this decade.

Most of this demand is local, …

U.S. Shale Spurs Ethane Infrastructure Growth in UK, USA

U.S. Shale Spurs Ethane Infrastructure Growth in UK, USA

Ethane, one of the natural gas liquids (NGLs), is a byproduct of natural gas production. Ethane is used as petrochemical feedstock and is key in making polyethylene—plastic. Ethane is also used in the production of products like antifreeze and detergents.…

Colorado Ballot Initiatives 88, 89 Pulled Today

Colorado Ballot Initiatives 88, 89 Pulled Today

Initiatives 88 and 89 have been officially withdrawn, Governor John Hickenlooper announced at the Colorado state capitol on August 4, 2014. Representative Jared Polis, the leader of the initiatives, reached a compromise with the governor earlier on the Aug. 4 …

PDC Energy Accelerates its Liquids-Focused Growth Strategy with Marcellus Divestiture

PDC Energy Accelerates its Liquids-Focused Growth Strategy with Marcellus Divestiture

This week PDC Energy (ticker: PDCE) announced the sale of its Marcellus shale assets for approximately $250 million to its Marcellus partner Mountaineer Keystone Energy, LLC.

With the divesture of its approximate 131,000 net Marcellus acres, PDC’s focus now moves …

August 1, 2014 - 6:24 pm Canada, Finance, Oil and Gas 360 Articles, Oilfield Services
Whiting Petroleum's Production is Growing, Even without Pending Assets from Kodiak Oil & Gas

Whiting Petroleum's Production is Growing, Even without Pending Assets from Kodiak Oil & Gas

Whiting Petroleum (ticker: WLL) is set to become the largest E&P in the Williston Formation once its $6 billion acquisition of Kodiak Oil & Gas (ticker: KOG) is finalized before the end of fiscal 2014. Management teams on both sides …

August 1, 2014 - 5:39 pm Finance, Oil and Gas 360 Articles, Oilfield Services
DOE Approves First West Coast LNG Terminal

DOE Approves First West Coast LNG Terminal

Yesterday, the Department of Energy (DOE) announced that it will allow LNG Development Co. (ticker: LLC) to export LNG from a terminal in Warrenton, Oregon, to countries without a Free Trade Agreement. The terminal is the first of its …

China Looks Away from Coal

China Looks Away from Coal

China is the world’s largest consumer of coal. According to the EIA, almost 70% of the energy China used in 2011 came from coal.


world coal usage

However, China announced last year that it plans to cut back on coal in favor …

Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

The Shale Revolution has transformed the Bakken Shale from an area with production below 200 MBOEPD to the nation’s third largest producing oil field. Its transformation has been a staple of growth in North Dakota – a state growing at

Reporting Live From the EPA Hearing on Proposed Carbon Dioxide Rules

It was a cold, rainy day in downtown Denver when an Oil & Gas 360® reporter was greeted in the bathroom at the EPA office building: “Lovely weather out there, huh? Even God’s saying there’s a carbon problem!”


The U.S. …

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Natural Gas Inventory to Recover with Cooler Summer: Weather Services International

Weather Services International (WSI), a division of Weather Central, expects natural gas inventory numbers to largely recover in the coming months due to below-average temperatures in the “northern and central Rockies eastward across the Great Lakes and Ohio Valley regions,” …

July 21, 2014 - 3:30 pm Midstream, Oil and Gas 360 Articles, Oilfield Services

Basic Energy Services: "New Way to Play the Oil & Gas Renaissance" – CNBC Interview

Basic Energy Services CEO Roe Patterson appeared on CNBC’s Mad Money with Jim Cramer to discuss the recent 71% appreciation in share price, as well as expected drivers of near-term growth.

Important disclosures: The information provided herein is believed to …

June 19, 2014 - 4:58 pm Oil and Gas 360 Articles, Oilfield Services
Chesapeake Energy Forecasts $4 billion in Divestments in 2014, Plans to Spin-off Oilfield Services Unit as Cost Control Remains in Focus

Chesapeake Energy Forecasts $4 billion in Divestments in 2014, Plans to Spin-off Oilfield Services Unit as Cost Control Remains in Focus

Chesapeake Energy Corporation (ticker: CHK) is the second-largest producer of natural gas and the 10th largest producer of oil and natural gas liquids in the U.S. The company is actively selling down sections of its business to centralize focus on …

June 2, 2014 - 10:09 am Finance, Oil and Gas 360 Articles, Oilfield Services

New Executive Interviews from EnerCom’s The Oil & Services Conference™12 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc.

The interview series conducted at EnerCom’s The Oil & …

Day Two – Breakout Notes from EnerCom’s The Oil & Services Conference™ 12

EnerCom’s The Oil & Services Conference™ 12 on February 18 -19, 2014, provided more than 350 investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2014 growth plans, and address …

February 20, 2014 - 3:45 pm Oil and Gas 360 Articles, Oilfield Services

Day One – Breakout Notes from EnerCom’s The Oil & Services Conference™ 12

EnerCom’s The Oil & Services Conference™ 12 on February 18 -19, 2014, provided more than 350 investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2014 growth plans, and address …

February 19, 2014 - 12:59 pm Oil and Gas 360 Articles, Oilfield Services