| News for the oil and natural gas industry
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- Chevron acquires shares in Canadian LNG, pipeline projects
Chevron has struck a deal to purchase a 50% interest in the Kitimat liquefied natural gas facility and Pacific Trail Pipeline in Canada from Apache and EOG Resources for an undisclosed sum. The U.S. oil major will also purchase a 50% interest in about 644,000 acres in the Horn River and Liard basins. Houston Chronicle
(12/24)     
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- EV Energy says it's unlikely to finalize Utica Shale deals this year
EV Energy Partners says it doesn't expect to finalize any transactions related to its Utica Shale properties before year's end. EV has placed about 300,000 acres in the formation up for sale. "It's an exploratory shale position, and our focus is more on managing more mature producing oil and gas properties," spokesman Michael Mercer said. FuelFix.com
(12/24)
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- Reports quantify Marcellus Shale's productivity
The Marcellus Shale formation has become the most productive natural gas field in the U.S. despite a slowdown in drilling this year, multiple energy reports say. Marcellus wells in Pennsylvania and West Virginia had daily output of 7 billion cubic feet of gas this year, or about 25% of the country's shale gas production. The play could hold "almost half of the current proven natural gas reserves in the U.S.," a Standard & Poor's study says. SeattlePI.com/The Associated Press
(12/25)
| Policy Watch | | |
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- Don't expect a shale-gas boom in N.Y. next year, expert says
New York is unlikely to experience the type of shale-gas development seen in Pennsylvania even if Gov. Andrew Cuomo approves operations next year, observers say. "My sense of it is, there will be some activity, but I don't see it as being a big land grab," said Nancy Schmitt of Taum Sauk Capital Management. "I think it's a smaller resource [than Pennsylvania] and it's unproven and there's political risk. There's a lot of reason to believe they'll be more cautious moving into New York." Shale Reporter/The Associated Press
(12/24)
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API Inspection Summit, Jan. 7 to 10, Galveston, Texas
The American Petroleum Institute invites you to attend the API Inspection Summit & Expo in Galveston, Texas, at the Galveston Island Convention Center, Jan. 7 to 10. The summit will provide you an opportunity to hear about emerging trends from industry experts in topics such as inspection technologies/NDE/corrosion/engineering analysis/software. Eight panel discussions on timely industry issues are planned to enhance interaction with attendees. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 60 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual presentations, as well as a new feature for 2013 -- a one-day optional training component consisting of eight technical courses, providing in-depth education to attendees. View the draft program and register.
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