Oil Gas Prices

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Conoco exports first crude shipment to South Korea in 8 years

HOUSTON (Bloomberg) -- ConocoPhillips is shipping a cargo of Alaska North Slope crude to Asia, making rare use of a Bill Clinton-era exemption to U.S. oil export restrictions. Conoco, Alaska’s largest oil producer, will deliver the cargo to Asia in the fourth quarter, Houston-based company spokesman Daren Beaudo said by email. The shipment was first reported by Louisville, Kentucky-based Genscape Inc., an energy intelligence firm.


29 Sep 2014 | 1:35 pm EDT

New Eagle Ford wells continue to show higher production, EIA says

WASHINGTON, D.C. -- Increased drilling and improved drilling efficiency have led to significant crude oil production increases in the Eagle Ford region in southern Texas, the U.S. Energy Information Administration’s Today in Energy reports.


29 Sep 2014 | 4:47 am EDT

TGS announces Gulf of Mexico ocean bottom projects

ASKER, Norway -- TGS has announced the first two ocean bottom projects in the shelf region of the U.S. Gulf of Mexico under its collaboration agreement with FairfieldNodal. The Calypso Full Azimuthal Nodal (FAN) survey is located in the Eugene Island protraction area and will cover 136 shelf blocks. The Nessie FAN survey represents 54 blocks of coverage in the South Timbalier protraction area and will cover a number of existing fields and exploratory acreage.


29 Sep 2014 | 4:26 am EDT

Encana eyes Permian oil with $7.1 billion Athlon Energy deal

CALGARY, Alberta -- Encana Corporation has agreed to buy Texas-based Athlon Energy for $7.1 billion as the Canadian company seeks to boost oil production. The acquisition will add Athlon' s land position of approximately 140,000 net acres focused solely in the heart of the oil-rich Midland basin to Encana' s portfolio.


29 Sep 2014 | 3:21 am EDT

Exxon, Rosneft hit oil with Arctic exploration well

MOSCOW (Bloomberg) -- Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company. Russia’s state-run OAO Rosneft said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.


29 Sep 2014 | 2:40 am EDT

Shale supply chain to generate widespread economic growth, study says

WASHINGTON, D.C. -- The U.S. energy renaissance is expected to generate vast growth in the supply chain of manufacturers, suppliers, and servicers that support America’s oil and natural gas sector, according to a new study by IHS Global. The study, commissioned by the Energy Equipment & Infrastructure Alliance (EEIA), calculates the expected growth in employment, GDP, government revenue, and wages in the supply chain that supports unconventional oil and natural gas development.


26 Sep 2014 | 9:06 am EDT

API publishes industry standard for shipments of crude by rail

WASHINGTON, D.C. -- The American Petroleum Institute (API) has published a new set of recommended practices for testing and classifying crude oil for rail shipment and loading it into rail tank cars.


26 Sep 2014 | 8:41 am EDT

BP, Nalco Champion start 10-year global framework agreement

HOUSTON -- Nalco Champion and BP representatives recently participated in a contract signing event to officially commemorate a new chemical managed services global framework agreement (GFA) between the two companies. The 10-year GFA was awarded to Nalco Champion the beginning of Q2 2014 and includes the delivery of upstream and downstream specialty chemicals and related services.


26 Sep 2014 | 5:55 am EDT

Cubility appoints regional manager North America

HOUSTON -- Cubility, a provider of solids control solutions, has appointed Jose Limia as the company’s regional manager for North America. Limia’s role will be to grow sales of the MudCube technology across the North American market, with specific emphasis on offshore drilling operations in the Gulf of Mexico.


26 Sep 2014 | 5:29 am EDT

Atlas Resource Partners enters Eagle Ford through acquisition of oil rich production

PITTSBURGH, Pennsylvania -- Atlas Resource Partners (ARP) is to acquire oil assets in the Eagle Ford shale in south Texas for $225 million. The assets consist of 22 producing wells and 19 undeveloped locations containing estimated net reserves of approximately 12 MMboe.


26 Sep 2014 | 3:26 am EDT

BHP Billiton, Pemex to exchange deepwater expertise

HOUSTON-- BHP Billiton and Pemex have signed a memorandum of understanding and cooperation (MOU) to exchange technical knowledge, information, experiences and practices in activities related to the oil and gas industry.


26 Sep 2014 | 3:07 am EDT

Statoil postpones Canadian oil sands project

STAVANGER, Norway -- Statoil has decided to postpone the previously planned Corner field development at the Kai Kos Dehseh oil sands project in Alberta, Canada.


25 Sep 2014 | 4:04 pm EDT

Mexico betting on private investment to counter oil decline

LONDON -- The results of Mexico’s upcoming bidding round for 109 exploration blocks and 60 producing fields could be crucial in determining the country’s future position as an oil and gas powerhouse, according to an analyst with research and consulting firm GlobalData. The offerings in Round 1 account for 3.78 Bboe of proved and probable reserves and 14.6 Bboe of prospective resources.


25 Sep 2014 | 6:26 am EDT

Ample supply shields oil as U.S. jets hit militants in Syria

BAGHDAD (Bloomberg) -- Plentiful oil supplies are pinning oil prices near a two-year low as the U.S. extends its campaign against Islamic State militants into Syria. Brent crude, which has traded below $100/bbl for more than two weeks, touched $95.60/bbl Sept. 24, the lowest since July 2012, after the broadest Arab-U.S. military coalition since the 1991 Gulf War struck Islamic State targets in Syria. U.S. aircraft began bombing the group six weeks earlier in Iraq, OPEC’s second-largest producer and holder of the world’s fifth-biggest reserves.


25 Sep 2014 | 3:49 am EDT

Skandi Constructor set for work in Gulf of Mexico in Q1, 2015

Skandi Constructor set for work in Gulf of Mexico in Q1, 2015 HOUSTON Well Ops, a subsidiary of Helix Energy Solutions, reported that its well intervention vessel, Skandi Constructor, will be available for operation in the Gulf of Mexico for


25 Sep 2014 | 3:02 am EDT

One billion websites

Ahoy there, #GenXYZ! (There seems to be some residual Talk Like a Pirate Day left in us.)

2014 continues to be a landmark year for the internet, with yet another HUGE milestone that we are proud to say we are part of.

Earlier this week, the internet hit the one billion website mark. One BILLION.

What was .xyz’s role in this, you ask? We first heard about this breaking news through a major outlet, which also gave .xyz an awesome shoutout. And a spot on The Washington Post! What did it say about us, #GenXYZ? The internet now has a billion websites, and “of those, domains ending in .xyz saw the greatest growth.

So, it’s WashPost official: .xyz is seeing the greatest growth in the expansive internet universe. If you’re like us, it’s difficult to wrap your head around that big one billion number. Think about it this way. One second is easy to image – now how about one billion seconds? One billion seconds ago, it was 1983 – and that takes us aaall the way back to a time where there was no such thing as the internet.

As the number of websites keeps rising (you can check-out the live ticker at InternetLiveStats.com), so does the number of innovative new .xyz websites. Speaking of innovative new websites, we can’t forget about #WebsiteWednesday!

This week, we are very excited to introduce:

www.reall.xyz
by Reall

Screen Shot 2014-09-24 at 5.09.32 PM

Originally Homeless-International.org, Reall is a UK-based organization that’s taking a truly unique approach to improve the housing conditions in slums across the world. By being the extra supportive backbone behind groups in these communities, Reall helps them out with everything from starting-up, technical support, all the way to achieving financial stability to keep them going on their own.

As an organization that takes such an innovative approach to helping these communities in Asia and Africa, they looked no further than choosing a .xyz domain to catapult their fresh rebrand. They wanted a new brand – and a matching domain name – to reflect their unique brand and stand out from the crowd. And that they did.

Screen Shot 2014-09-24 at 6.52.25 PM

Reall’s vision is a world where everyone has access to basic services and housing. That’s definitely a world we’d like to see as well. Show your support by learning more at Reall.xyz and see how you can play a part in this amazing organization.

The fall has certainly kicked-off with a bang, and we have so many more exciting news to share with you, #GenXYZ! Don’t forget to follow us @xyz on Twitter, Instagram, and Facebook for all the nitty-gritty (and more) on us.


24 Sep 2014 | 10:24 pm EDT

BP can’t claw back Macondo damage overpayments, judge says

NEW ORLEANS (Bloomberg) -- BP Plc can’t recover hundreds of millions of dollars it claims to have overpaid some victims for economic losses from the 2010 Gulf of Mexico oil spill, a U.S. judge said.


24 Sep 2014 | 4:50 pm EDT

Macondo victims to ask judge for immediate medical payments

NEW ORLEANS (Bloomberg) -- All oil-spill cleanup workers injured during BP Plc’s 2010 Gulf of Mexico disaster should get paid medical compensation now instead of being forced to sue for help, victims’ lawyers will tell a U.S. judge at a hearing that began Sept. 24 in New Orleans.


24 Sep 2014 | 6:34 am EDT

Polarcus Adira mobilizes to U.S. Gulf of Mexico

DUBAI -- Polarcus Adira is in transit from Las Palmas to the U.S. Gulf of Mexico to commence a six-month charter for TGS. The purpose-built 3D seismic vessel is equipped with specialized, advanced maritime technology to minimize the environmental footprint of the operation and the vessel continues to set new standards for the industry, having been awarded the highest achievable Triple-E environmental and energy efficiency rating by DNV-GL.


24 Sep 2014 | 5:13 am EDT

HPHT 2014: Industry could be jeopardizing its own work

HOUSTON – The oil industry risks hamstringing its own research in its headlong rush to develop new technologies for the push into ever harsher subsurface conditions, World Oil’s ninth annual HPHT Drilling and Completions conference heard.


24 Sep 2014 | 3:58 am EDT

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