Oil & Gas
Top stories summarized by our editors
7/20/2018

A study of sulfate samples from a 1.4 billion-year-old sedimentary rock formation in Ontario shows the air contained low oxygen levels, scientists say. The study helps researchers understand the Earth's atmosphere and biosphere during the period before animal life began.

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ScienceDaily
7/19/2018

Legislation introduced Wednesday in the Senate aims to accelerate approval of liquefied natural gas exports to Europe. The bill would also authorize sanctions on the Nord Stream 2 pipeline and other Russian energy projects.

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Senate
7/19/2018

Medallion Midstream says it will expand its West Texas crude oil pipeline system. The company will add a 16-inch pipe along the existing line, but more details were not announced.

7/19/2018

Kinder Morgan said the initial service date for its Elba Island liquefied natural gas export facility in Georgia has been postponed to the final quarter of 2018. The change is a result of delays in assembling modular liquefaction units.

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Kinder Morgan
7/19/2018

Northern Oil and Gas, a US independent company, has acquired producing wells in North Dakota from Pivotal Petroleum Partners. The wells produce over 4,100 barrels of oil equivalent a day, and the transaction cost $68.4 million in cash and 25.75 million shares of Northern Oil stock.

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Northern Oil
7/19/2018

Plains All American's request for an exemption from the steel tariff for imported pipe for its Cactus II pipeline has been denied. The planned $1.1 billion pipeline can carry 585,000 barrels per day.

7/19/2018

Mexico will delay oil auctions previously scheduled for this year until Feb. 14, giving President-elect Andres Manuel Lopez Obrador time to review existing oil and natural gas contracts. An auction originally planned for Sept. 27 would have involved 45 onshore conventional and shale blocks, and tenders for partners with Pemex in seven other areas would have been awarded Oct. 31.

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Reuters
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Pemex
7/19/2018

Equinor is focusing on digital technology in its efforts to find and develop oil and natural gas, using automated drilling techniques, data analysis, remotely operated platforms and integrated operations centers, technology experts for the Norwegian energy company say. Equinor, which also has entered into a partnership with Microsoft, is looking at ways to use machine learning for oil and natural gas exploration.

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Equinor, Microsoft
7/19/2018

Colombia's state-run oil company Ecopetrol is investing $3.5 billion to $4 billion this year to look for more oil reserves and increase production. The company, which increased its investment by over $1 billion from last year, plans to drill 620 wells, double the number of rigs and produce 725,000 barrels of oil and natural gas equivalent per day this year.

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Reuters
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Ecopetrol
7/19/2018

BHP Billiton says it has received bids for its US shale assets and expects to complete at least one transaction by the end of the year.

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BHP Billiton