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December 31, 2012
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News for the oil and natural gas industry

  Top Story 
  • Safety remains an industry focus, incoming SPE president says
    Oil and natural gas drilling safety continues to be a priority of the Society of Petroleum Engineers and the energy industry, said Egbert Imomoh, incoming SPE president. "We want our members, and all workers in the industry, to go to work and come back in one piece. We organize and attend lots of conferences on this subject because it is the foundation of our industry," Imomoh said. FuelFix.com (12/28) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • BP is elusive about Macondo well's flow rates, Justice Dept. says
    The Department of Justice alleges that BP is failing to sufficiently supply data about oil that spilled from its Macondo well in the Gulf of Mexico in April 2010. The data is considered important for determining penalties against the company. The company's witnesses in an oil spill trial weren't prepared to answer key questions, said Sarah Himmelhoch, a Justice Department lawyer. FuelFix.com (12/28) LinkedInFacebookTwitterEmail this Story
  • Carrizo to get $184M from sale of U.K. assets to Iona Energy
    Carrizo Oil & Gas will get about $184 million from Iona Energy for its U.K. unit and shares in the Huntington field in the North Sea. The transaction is expected to be finalized before February. "Now that the project is close to first production and its value much more tangible, our reinvestment opportunities for the net proceeds from this sale are so compelling that we have made the decision to harvest our investment," said S.P. "Chip" Johnson IV, president and CEO of Carrizo. FuelFix.com (12/28) LinkedInFacebookTwitterEmail this Story
  • Other News
  Exploration & Production 
  • Drilling success causes Magnum Hunter to reconsider Texas asset sale
    Magnum Hunter Resources has obtained positive results from two Eagle Ford Shale wells. The wells in Lavaca County, Texas, "are by far our best producers since we initiated drilling operations in this play in 2010," said Gary Evans, the company's chairman and CEO. The development could mean the company won't sell its land assets in the play, Evans said. Bloomberg Businessweek (12/28) LinkedInFacebookTwitterEmail this Story
  • Israel celebrates launch of Tamar offshore platform
    Israel has opened the Tamar offshore-production platform. "Inauguration of the platform is an important step toward the flow of natural gas to Israel from the Tamar well, which cost the unprecedented amount in Israeli terms of more than $3 billion," according to a statement from Noble Energy and other partners in the project. Globes (Israel) (12/30) LinkedInFacebookTwitterEmail this Story
  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of New Year's Day, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
 
 
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