Business advisory firm Deloitte said the amount of drilling, as well as the number of oil and gas field deals on the UK Continental Shelf, levelled out in the first quarter of this year.
Total could also take the mantle, but while ExxonMobile has a history of timely efficiency in its projects, the Kazhak government probably fears a loss of bargaining power by letting the biggest oil and gas company in the world take control of its gas field.
This part of Texas is in the core of the Eagle Ford s hale, currently the most profitable oil and gas field in the U.S. The people around here understand that the fracking of this shale, the injection of billions of gallons of sand-and-chemical-laden water, takes place 2 miles beneath the ground.
New finds in the Wattenberg Field north of Denver alone could contain more than a billion barrels of recoverable oil and natural gas, essentially matching the huge Eagle Ford or the Bakken Field in western North Dakota.
FORBES: The Real Winners Of The Global Economy: The Material Boys
"The 16 January kidnapping and murder of foreign oil workers at the In Amenas gas field has cast a dark cloud over the outlook for the country's energy sector, " it said.
This has driven down demand and pricing for pressure pumping services like fracking that are used to extract gas from shale rock formations, severely impacting margins of most large oil field firms including Baker Hughes.
The unit is an ideal, lightweight solution for virtually any outdoor environment such as transportation, field services, utilities, oil, gas and other types of mobile applications.
ENGADGET: GammaTech rugged T7Q launches at $2k and up, promptly steals your iPad's lunch money
The In Amenas gas field and its facilities are operated by a joint venture of the Algerian national oil company Sonatrach, BP and Statoil.
Shares in Faroe Petroleum fell sharply on news that the oil and gas firm is to relinquish its licence for a field to the west of Shetland.
The Jubilee field there has an estimated 1.5 billion barrels of oil and natural gas equivalents (boe), with nearby Twenboa another 300 million boe or more.
According to IBM a typical oil or gas field generates so much data that engineers spend one-third to 60 percent of their time on data-mining.
FORBES: Romney Chooses A Tech-Centric Energy Plan To Jumpstart Jobs And Economic Growth
Due for completion in 2013, it will take gas from Myanmar's offshore Shwe field and will have the capacity to satisfy 10% of China's oil-import needs.
Of late, the U.S. oil field services sector has been impacted by weak natural gas pricing, which has taken its toll on companies that offer pressure pumping services.
FORBES: Halliburton Earnings Preview: Offshore Growth In Focus
应用推荐