Shale ///

Sen. Murkowski leads U.S. Senate approval of Keystone XL pipeline

Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, today voted to approve legislation authorizing the cross-border permit for constriction of the Keystone XL pipeline.

API establishes office in Colorado

WASHINGTON -- The American Petroleum Institute has announced the establishment of a Colorado Petroleum Council that will focus on energy priorities in the state, including hydraulic fracturing and energy infrastructure, as the state seeks to create jobs, generate more revenue to the government, and produce more domestic energy.

Inaugural ShaleTech Canada offers unique forum for networking, technology sharing

ShaleTech Canada 2015 is the premier event for professionals working in the shale oil and gas industry in Canada, which is the world's fifth-largest oil producer.

ConocoPhillips reports loss as oil crash crimps shale gains

ConocoPhillips, the third-largest U.S. energy producer, reported a fourth-quarter loss as new output failed to make up for the worst oil-price crash since 2009.

GE, Statoil launch new collaboration for sustainable energy

GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions.

Scotland issues fracing moratorium pending consultation

Scotland will impose a moratorium on unconventional oil and gas drilling pending the results of a public consultation, in the latest blow for fracing in the UK.

Successful toe sleeve deployment enhances production in Anadarko basin

PetroQuip Energy Services has successfully run its Big Foot toe sleeve in a recent horizontal completion for an independent operator in the Anadarko basin.

Exciting year ahead for Europe's upstream sector, Wood Mackenzie says

Wood Mackenzie's European upstream research team have assessed the most significant events of 2014 impacting Continental and Mediterranean Europe’s—all of Europe excluding UK and Norway—oil and gas sector, including the Ukraine Crisis and the collapse of global oil prices, identifying the key areas to watch this year.

Baker Hughes: Rigs seeking U.S. oil fall to two-year low

U.S. drillers idled rigs seeking oil for a seventh week as production hovers near a three-decade high, contributing to a global glut that’s kept oil prices below $50/bbl for more than two weeks.

U.S. oil exporter scouting for buyers signals challenge for OPEC

Enterprise Product Partners LP is looking to sell a year’s supply of U.S. ultra-light oil to the global market, signaling another challenge for OPEC as it contends with the U.S. shale boom.

Mexico’s bidding round will remain competitive, GlobalData says

With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData.

BHP cuts U.S. shale spending as oil to iron ore prices slide

BHP Billiton, the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.

Shale oil growth in U.S. hurts Canadians as well as OPEC

OPEC isn’t the only victim of the growth in U.S. shale oil.

Jereh completes China’s first shale gas liquefaction plant

YANTAI, China -- Jereh has successfully completed the construction of China’s first shale gas liquefaction plant in Sichuan, China, with a capacity of 2.47 MMcfd of LNG, the company has announced.

National College for Onshore Oil and Gas appoints Colette Cohen as first Chair

BLACKPOOL, United Kingdom -- Colette Cohen, Head of Centrica’s UK oil and gas production business, has been appointed as the Chair of the National College for Onshore Oil and Gas, headquartered in Blackpool, as it enters its critical development stage.

Operators could see up to 40% in cost reductions, Wood Mackenzie says

EDINBURGH, United Kingdom -- The drop in oil prices has led to an unprecedented level of uncertainty going into 2015, especially for the prospects of the North American upstream oil and gas sector. While there is a lack of consensus about when oil prices will stabilize and at what level, Wood Mackenzie expects service cost relief, asset high-grading, and efficiency improvements in operations.

Shale firm Cuadrilla awarded UK exploration permits

LONDON -- The UK's Environment Agency has granted Cuadrilla, an independent seeking to exploit unconventional resources in the UK, the environmental permits for its proposed shale gas exploration site at Preston New Road, Lancashire.

RWE Dea shuts down rig on declining prices, high costs

HAMBURG, Germany -- RWE Dea will not spud the next field development well -- Völkersen Nord Z7 -- at Germany’s Völkersen gas field, the company said.

CGG’s multi-physics business line is up and running

PARIS -- CGG has confirmed that its new multi-physics business line is now up and running within its acquisition division.

Oil production in U.S. keeps climbing even as prices drop

NEW YORK (Bloomberg) -- U.S. production of crude oil rose to a record even as prices slumped to the lowest in more than five years and the number of rigs targeting oil decreased.