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Tag Archives: oil and gas

Oil and gas industry going green? (VIDEO)

equitable origin

By Lydia Gilbertson | Google+ In a recent interview with the environmentalist blog Grist David Portiz describes his plan not to dismantle the oil and gas industry with renewables, but to improve its carbon footprint and social impact. David Portiz is the founder of Equitable Origin which is the first eco-label system for the oil and gas sector. His goal ...

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EIA releases Crude Oil Production Forecast Report

EIA

By Lydia Gilbertson | Google+ The Energy Information Administration (EIA) released a report on May 29, 2014 that presents an analysis of crude oil production focused around the types of crude oil produced, filtered by geographical area. Production growth during 2011-2013 has consisted of 96% sweet grade crude with an API gravity of 40 or above. The EIA forecasts that ...

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Roadwork season begins in western ND

construction

By Mike Hricik, The Dickinson Press mhricik@thedickinsonpress.com State officials say 2014 could be North Dakota’s biggest year for roadwork. This summer brings one of the state’s largest construction seasons in its history, spurred by a massive influx of oil and gas industrial traffic. Bypasses will be built to divert trucks around Oil Patch cities and existing roads will be changed ...

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Geologist: Oil and education linked: Tour gives higher ed a glimpse of careers

Geologists

By Amy Dalrymple, Forum News Service TIOGA — North Dakota’s higher education leaders got a peek into the oil and gas industry Wednesday to better understand how to prepare workers. Oilfield geologist Kathy Neset of Tioga, who also serves on the state Board of Higher Education, invited board members, university system staff and campus presidents to tour several oilfield locations. Hess ...

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A bright future for the Permian Basin

By: John Bestoloffe , Shale Plays Media The Permian Basin’s tight oil plays are expected to lead the US in production according to new data and estimates. According to new statistics from Rystad Energy, an independent oil and gas consulting service and business intelligence data firm, the Permian Basin’s “tight” play is expected to pull ahead of all other U.S. tight ...

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INSIGHT-Better late than never, Germany joins new scramble for Africa

By Stephen Brown * Germany slow to invest in region outside S.Africa, Nigeria, Algeria * Now scrambling to catch up with China, France and other rivals * World’s 2nd-biggest exporter eyes growing African consumer markets * Africa hopes arrival of Germans will help develop local industry BERLIN, May 28 (Reuters) – German industry’s representative in Angola, Ricardo Gerigk, has a tough ...

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Exxon CEO predicts alternative energy will grow but oil to remain top fuel through 2040

exxon mobil

DAVID KOENIG , Associated Press DALLAS — The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world’s leading source of energy for another quarter century. CEO Rex Tillerson says natural gas will surpass coal as the second most heavily used fuel. Tillerson made the comments Wednesday at the company’s annual shareholder meeting. About 15 ...

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Santa Cruz becomes first California county to ban fracking

By Rory Carroll (Reuters) – Santa Cruz on Tuesday became the first California county to ban fracking, the latest in a string of moves by local governments in the state to take a stand against the controversial oil and gas producing method. Fracking, or hydraulic fracturing, relies on injecting water, sand and some chemicals deep beneath the earth’s surface to ...

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New Bakken workers? Oil, gas industry shows interest in drones

drones

By Katherine Lymn , The Dickinson Press “Drone central.” “The Silicon Valley for unmanned aircraft.” North Dakota. With the oil and gas industry in the western side of the state always looking to be more efficient, and ongoing research at the University of North Dakota on the eastern edge, North Dakota could be the petri dish for future commercial applications of unmanned ...

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Memorial Production to buy oil assets in Wyoming for $935 mln

Memorial Production Partners LP

May 5 (Reuters) – Memorial Production Partners LP said it would buy oil producing properties in Wyoming for about $935 million. The properties, located in two fields in the Bairoil Complex in Sweetwater and Carbon Counties of Wyoming, have an estimated current net production of about 5,900 barrels per day, Memorial Production said on Monday. The deal covers about 6,800 ...

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