Oil Gas Prices

Crude exports, re-exports continue to rise, EIA reports

WASHINGTON, D.C. -- The U.S. exported 401,000 bopd in July, the highest level of exports in 57 years and the second highest monthly export volume since 1920, when EIA' s published data starts, according to the EIA’s Today in Energy report. Recent crude oil exports are also noteworthy for both their origins and destinations. As a result of existing U.S. crude oil export restrictions, most U.S. crude exports are sourced domestically and are sent only to Canada.


31 Oct 2014 | 10:35 am EDT

Frac water tank monitoring goes high tech

MIDLAND, Texas -- Precision Frac and Karmic Energy have announced a new digital frac water tank measurement and monitoring system. The new product, known as the Karmic Energy Automated Tank Measurement & Monitoring System, is a solar-powered, satellite-linked, wireless water tank monitoring system created specifically to increase fracing site productivity and provide accurate water tank level and temperature measurements at water storage and transfer sites. 


31 Oct 2014 | 7:42 am EDT

Baker Hughes releases seismic-while-drilling service

HOUSTON -- Baker Hughes has announced the commercial release of its SeismicTrak seismic-while-drilling service, which provides precise measurements for reducing formation uncertainty and enables operators to hit their reservoir targets with greater accuracy.


31 Oct 2014 | 7:30 am EDT

Oil rout seen diluting appeal of U.S. LNG exports to Asia

SINGAPORE (Bloomberg) -- Oil’s collapse is eroding the appeal of potential U.S. LNG exports to Asia as it cuts the cost of competing supplies linked to the price of crude. Brent’s 22% drop this year outpaced the 8.9% decline in natural gas at Henry Hub, the benchmark for U.S. LNG shipments that are scheduled to begin in 2015. When the cost of processing and shipping American supplies to Asia is taken into account, the price advantage over oil-linked cargoes from producers such as Qatar has more than halved, according to data compiled by Bloomberg.


31 Oct 2014 | 3:24 am EDT

Shell awards Fluor contract for heavy oil project

Shell awards fabrication, procurement contract to Fluor IRVING, Texas ICA Fluor, a JV of Fluor and Empresas, signed a contract with Shell Canada Energy, to supply modular fabrication and procurement services, for 13 well pads for heavy oil extraction at


31 Oct 2014 | 12:43 am EDT

Synergy purchases Wattenberg assets for $125 million

PLATTEVILLE, Colorado -- Synergy Resources has signed a purchase and sale agreement for producing wells and leaseholds in the Wattenberg field from a private party.


30 Oct 2014 | 11:16 pm EDT

Oryx confirms high productivity at Demir Dagh-7 & 8 appraisal well in Kurdistan

Oryx confirms high productivity at Demir Dagh 7 & 8 appraisal well in Kurdistan ALBERTA, Canada Oryx Petroleum has announced successful test completions for the Demir Dagh 7 (DD 7) and Demir Dagh 8 (DD 8) appraisal wells, at the


30 Oct 2014 | 9:23 pm EDT

Oryx confirms high productivity at Demir Dagh-7 & 8 appraisal well in Kurdistan

Oryx confirms high productivity at Demir Dagh 7 & 8 appraisal well in Kurdistan ALBERTA, Canada Oryx Petroleum has announced successful test completions for the Demir Dagh 7 (DD 7) and Demir Dagh 8 (DD 8) appraisal wells, at the


30 Oct 2014 | 9:23 pm EDT

Oil, shipping sectors react to challenges presented by Ebola outbreak

Platts editors discuss the impact on the oil and shipping markets of the recent Ebola outbreak in West Africa; and examine the steps taken by the shipping industry to continue loading operations in the region during this time.


30 Oct 2014 | 2:30 pm EDT

ConocoPhillips profit rises on asset sale and new output

ConocoPhillips reported rising profits in the face of falling oil prices as an asset sale in Nigeria and higher output in Texas and North Dakota boosted returns.


30 Oct 2014 | 6:58 am EDT

InterMoor completes Red Hawk spar decommissioning contract

HOUSTON -- InterMoor, an Acteon company, has successfully completed its contract supporting the decommissioning of Anadarko Petroleum Corporation’s Red Hawk spar in the Gulf of Mexico. The Red Hawk spar is the deepest floating production platform to date to be decommissioned in the Gulf of Mexico. It is also the first spar decommissioned in the “Rigs-to-Reefs” program, which required the spar to be laid down on its side on the seafloor.


30 Oct 2014 | 6:40 am EDT

Gasoline price study to fuel debate on U.S. oil exports

The push to end a four-decade limit on exporting U.S. oil may get a boost from a government study set for release that will explain the relationship between crude oil and domestic gasoline prices.


30 Oct 2014 | 6:23 am EDT

Baker Hughes releases AutoTrak eXact rotary steerable system

HOUSTON -- Baker Hughes has announced the commercial release of its AutoTrak eXact high-build rotary steerable system designed to help operators drill complex 3D wells with improved directional control and superior borehole quality.


30 Oct 2014 | 5:51 am EDT

TransCanada seeks to build North America’s biggest oil pipe

CALGARY, Alberta (Bloomberg) -- TransCanada Corp., the Calgary-based company that has been trying to build the Keystone XL pipeline since 2008, applied for a C$12 billion ($10.7 billion) link between Alberta’s oil sands and Canada’s Atlantic Coast. The 4,600-km (2,859-mile) Energy East line, the largest proposed oil conduit in North America, would stay within Canada, carrying as much as 1.1 MMbpd to eastern refineries and marine terminals in Quebec and New Brunswick, according to a statement Oct. 30. Canada’s National Energy Board has 15 months to review the project and make a recommendation to the cabinet of Prime Minister Stephen Harper.


30 Oct 2014 | 5:34 am EDT

Argentine lawmakers approve hydrocarbons law to boost investment

BUENOS AIRES (Bloomberg) -- Argentine lawmakers approved a revision of the oil law to include regulations for shale and offshore oil and gas exploration as the nation seeks to boost investment in its Vaca Muerta formation. The bill was approved by 130 votes for and 116 against with 1 abstention. The bill must now be signed by President Cristina Fernandez de Kirchner and published in the Official Gazette.


30 Oct 2014 | 5:12 am EDT

SEG ’14: Explorers looking to the cloud for big data solutions

DENVER, Colorado – The hectic pace of the international exploration industry and the rise of computer intensive big data is leading companies to take a closer look at cloud computing. Leo Reiter of Nimbix, a provider of cloud-based high-performance computing infrastructure and applications, delivered a presentation on cloud computing to industry representatives on the opening day of the SEG’s annual conference in Denver.


30 Oct 2014 | 4:13 am EDT

SEG ’14: Shale revolution transformed U.S. resources, economy

DENVER, Colorado -- The technological innovations behind the shale revolution transformed North America’s resource potential and the U.S. economy in the aftermath of the worst financial crisis since the Great Depression, SEG 2014 heard. The breakthroughs behind the U.S. shale boom were among a number of disruptive technologies identified by the McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company.


29 Oct 2014 | 12:25 pm EDT

Big in Japan

Which one of the XYZ videos was your favorite, #GenXYZ?

As the domain extension for every website, everywhere, .xyz is the most popular new ending for domains all over the world. Have you heard? One of the largest .xyz markets is all the way across the Pacific Ocean from here in the US, in the island country of Japan.

Japan is, of course, famous for being a world leader in tech and electronics. Did you know? There are over 110 million internet users in Japan. And this is all from a country that can physically fit entirely within the state of California!

So what kind of .xyz websites are they building in Japan? We featured a couple way back when (here and here), but check out these freshly picked gems for this week’s #WebsiteWednesday!

jagzzi.xyz

jagzzi

jagzzi is an online fashion and trend magazine run by a group of likeminded Japanese college students in the heart of Tokyo. They ditched their .com (test it out: jagzzi.com will redirect you to their .xyz domain) and publish an eyecatching, sometimes-disruptive, online magazine that they plan, research, edit, and put into production all on their own.

As college students, they wanted a space where they can express themselves before “now” turns into something of the past. Even if you don’t speak Japanese, definitely flip through jagzzi.xyz to check out fashionable snaps from the streets of Harajuku.

ampersand.xyz

ampersand

Ampersand is the name of this freelance web developer’s hybrid personal and business website. Right off the bat, it’s obvious how creative and innovative she is! From the colorful floating figures in the background, to even the little details in her “about” page. “Ampersand” (for those who might not know, is the word for the symbol “&”) was chosen as the site name because her last name is “Ando”: the Japanese pronunciation for the word “and”. Clever, don’t you think?

She even created this fun little page for anyone who wants to feast their eyes on a few soothing aquarium scenes during their work day. She personally recorded aquarium footage from Tokyo for your enjoyment at ampersand.xyz/aquarium.

aquarium

What do you think of these awesome .xyz sites from Japan, #GenXYZ? As always, let us know what YOUR favorite .xyz sites are by dropping us a line on Facebook, Twitter, or Instagram.

With Halloween right around the corner, Team XYZ has a lantern full of fun things coming your way. Be sure to keep an eye out!


29 Oct 2014 | 11:47 am EDT

Logan International forms rental division

Logan International Inc. has consolidated its tool rental operations, which were previously conducted in several of its operating units, into a single business: Logan Rentals.


29 Oct 2014 | 10:19 am EDT

WTI gains as supply grows less than expected; Brent rises

West Texas Intermediate gained for a second day after an Energy Information Administration report showed growth in U.S. inventories slowed. Brent climbed.


29 Oct 2014 | 7:44 am EDT

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