October 2015

Open season begins for 164-mile Delta pipeline, terminal near Orla, Texas

News

Delta pipeline will provide shippers access to markets including El Paso, Midland, Cushing, Houston, Corpus Christi. Houston-based Crestwood Equity Partners LP has announced a non-binding open season to seek shipper support for the Delta pipeline, a 164-mile crude oil and condensate pipeline header system originating at a new terminal to be built near Orla, TX (located in Reeves County). The Delta […]

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Canadian oil and gas sector: Cuts continue as companies struggle to reduce costs

Energy Financial

Job, cost cuts in Canadian oil and gas sector starting to show results CALGARY – Companies in the Canadian oil and gas sector continue to move aggressively to cut costs and they say the efforts are starting to show results. Cenovus Energy said Thursday that it had increased to 700 the number of people laid off in the second

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Suncor says it can improve Syncrude performance with Canadian Oil Sands takeover

Energy Financial

Suncor oilsands cash operating costs down to $27/barrel CALGARY – Suncor Energy Inc. (TSX:SU) says if it’s able to increase its stake in the Syncrude oilsands mine, operations at the sprawling development north of Fort McMurray, Canada, will run more smoothly. “We believe that we can drive real improvements in Syncrude’s performance with a larger ownership interest,”

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Chevron announces significant find in deepwater Gulf of Mexico

News

Chevron says discovery is “potentially hub class scale” SAN RAMON, Calif. – Chevron Corporation today announced the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend. “The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale,” said Jay Johnson, executive vice president upstream, Chevron

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North Dakota gas capture efforts impress Iraqi officials

Innovation

Industry has invested over $11B in gas capture infrastructure BISMARCK, N.D. – The Iraqi government has turned to North Dakota for help in finding solutions to the wasteful burning of natural gas that’s a byproduct of oil production. Iraq, OPEC’s second-biggest oil producer behind Saudi Arabia, is having much the same problem dealing with excess natural gas that North

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Suncor CEO says Canadian Oil Sands takeover deal is sweet enough

Energy Financial

Suncor says it wants to help streamline operations at Syncrude CALGARY – The CEO of Suncor Energy is throwing cold water on speculation that its hostile takeover offer for Canadian Oil Sands will be sweetened. Steve Williams said Thursday the $4.3-billion bid should be good enough for shareholders given the gloomy outlook for oil prices, operational woes

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Shell reports $7.4B Q3 loss, continues to re-organize, cancel projects

Energy Financial

Shell announced cancellation of Alaskan offshore, Canadian oilsands project LONDON – Royal Dutch Shell reported a third quarter loss of $7.4 billion Thursday as it re-organized and cancelled projects, including drilling in Alaska, to cope with the plunge in oil prices. The net loss compares with a profit of $4.5 billion in the same period last year.

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Bad news for Canadian oilsands? US pipeline fighters celebrate downward turn

News

US pipeline fighters take credit for Canadian oilsands’ doldrums WASHINGTON – Opponents of Canada’s oil industry are celebrating this week over news they see as vindication of a pipeline-fighting strategy that began in the United States with Keystone XL. Their burst of enthusiasm was prompted by news that Shell was shuttering an 80,000-barrel-a-day project, and specifically citing

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