Production ///

House votes to lift U.S. oil export restrictions

The House of Representatives has voted in favor of lifting 40-year-old restrictions on exporting U.S crude oil.

ShaleTech: Niobrara-Codell shale

Jim Redden, Contributing Editor

Attractive sweet-spot margins help ease pain of low prices

Near-term financial risks for U.S. Independents exaggerated: Wood Mac

The high-growth business models of the U.S. Independents are being tested by low oil prices and tougher access to capital.

What's new in production

Don Francis, Contributing Editor

Waiting in the wings

Goldman Sachs: This oil rally is not going to last

Oil has been surging this week but Goldman Sachs is calling for gains to be short-lived.

Cairn India said to target 18% Rajasthan oil output boost

Cairn India Ltd., the nation’s biggest onshore oil driller, is targeting an 18% increase in output from its wells in the northern state of Rajasthan in January as it revives older fields in its largest producing block, according to company and government officials.

85 gas projects dying on the vine as LNG’s promise falls short

Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe.

Lundin sells Indonesian business for $22 million

Lundin Petroleum is to sell its oil and gas assets in Indonesia to PT Medco Energi Internasional TBK.

WTI surges above $50/bbl for first time since July

Oil surged above $50/bbl in New York for the first time since July on speculation that demand is picking up.

White House criticized over oil export veto threat

IPAA President Barry Russell called on President Barack Obama to reconsider his position, as outlined by a White House policy announcement, and direct the U.S. Department of Commerce to lift the trade restrictions on American crude oil exports.

Encana to sell DJ basin assets for $900 million

Encana’s wholly owned subsidiary, Encana Oil & Gas (USA), has reached an agreement to sell its Denver Julesburg (DJ) basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group.

Statoil reports oil spill at Statfjord field

Statoil has reported an oil leak at Statfjord field, one of the oldest producing fields on the Norwegian Continental Shelf.

Nigeria Oil contracts review adds to industry uncertainty

Plans by Nigeria, Africa’s biggest oil producer, to review offshore production contracts signed with international oil companies two decades ago, have added to uncertainty in an industry already lacking regulatory clarity, said analysts including Philippe de Pontet of Eurasia Group.

Oil holds near $48 as OPEC demand outlook counters supply gain

Oil traded near $48/bbl as investors weighed OPEC’s forecast for increased global demand against rising U.S. crude stockpiles and production.

Statoil awards Johan Sverdrup jacket contracts to Kvaerner, Dragados

Statoil, on behalf of the Johan Sverdrup license partners, has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore S.A.

LAGCOE '15: Asahi/America Series 92 electric actuators for corrosive environments

Asahi/America, Inc. will be showcasing their Series 92 electric actuators at this year’s Louisiana Gulf Coast Oil Exposition.

LAGCOE '15: Microturbine powered ESPs lift profits

Highly reliable and rugged Capstone microturbines can operate on pipeline or unprocessed wellhead gas. Because they require little maintenance and can withstand harsh environments, they are ideal for unmanned or manned wellhead sites, offshore platforms and compressor stations.

Re-injection well brought into operation at Prirazlomnoye field

A re-injection well has been brought into operation on the Prirazlomnaya ice-resistant offshore platform, following drilling operations by Russia’s Gazprom Burenie, Gazprom Neft announced Tuesday.

Pemex evacuates 85 offshore workers after gas leak

Pemex has evacuated 85 workers from a platform in the Bay of Campeche, offshore Mexico, following a gas leak.

U.S. emerging as most attractive LNG supplier to Asian markets

Recent reports by the International Energy Agency note that Canada will fail to have any LNG export projects up and running before 2020, paving the way for U.S. suppliers to dominate.