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  • Chevron to launch asset sale to fund Anadarko deal

    Supermajor lines up disposal plan of between $15 billion and $20 billion

    Weekly  upstreamonline.com 18 Apr 11:00 GMT Eoin O'Cinneide

    Controversial new Colorado rules signed into law

    A controversial bill overhauling how oil and gas activity is regulated in the US state of Colorado was signed into law this week, writes Caroline Evans. Colorado Governor Jared Polis signed the bill, known as Senate Bill 181, as expected on Tuesday afternoon. The law gives cities the authority to regulate some oil and gas activities. In addition, the state regulatory body would see a change in

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    Merger to supercharge Permian shale efforts

    A key element of Chevron’s acquisition of Anadarko will be the impact it will have on the US supermajor’s already ambitious drilling and development programme in the Permian basin, writes Kathrine Schmidt. The company will look to bring its technological expertise to bear to improve recovery, lower costs and improve efficiencies on an even bigger scale at the prolific shale play. The deal is als

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    Mills steps in for Roan

    The chief executive at Samson Resources has stepped in to lead Anadarko basin-focused Roan Resources after the surprise resignation of Roan chief executive Tony Maranto last week for 'personal reasons'. Samson Resources chief executive Joseph Mills, who has served on the Roan board since November, was appointed to executive chairman on Monday. He will serve on an interim basis until a new chief

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    BP set to quit Chinese shale sector

    UK supermajor BP is the latest foreign explorer to exit China's shale gas operations, highlighting the difficulties overseas players have had in making profitable investments in the sector, writes Amanda Battersby. BP had signed production sharing contracts with China National Petroleum Corporation (CNPC) to jointly explore and exploit shale gas in Sichuan province's Neijiang-Dazu and Rongchangbe

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    Layne Water gets boost

    Permian water services provider Layne Water Midstream of the US has received a $200 million equity commitment led by private equity firms Post Oak Energy Capital and Genesis Park. Post Oak and Genesis Park acquired Layne from Granite Construction with a commitment to continue to fund the company’s growth. Layne Water management also invested alongside Post Oak and Genesis Park. Woodlands, Texas-

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    US shale output on course to break crude record

    US onshore shale output is forecast to break crude production records in May, according to the US Energy Information Administration. Total crude output from seven shale plays across the nation is expected to reach 8.46 million barrels per day, an increase of 80,000 bpd. The Permian basin of west Texas and south-east New Mexico will lead the way with production gains helping the region hit a new

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    Concho in connector team

    US Permian player Concho Resources has entered a joint venture to build a 100-mile (160-kilometre) crude gathering system, with initial flows anticipated later this year. Concho will team up with privately owned Frontier Midstream Solutions to develop the 150,000 barrels per day Beta Crude Connector in the northern Midland sub-basin of the Permian. Each company will hold a 50% equity interest,

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    Trio on menu for Neuquen

    The governor of Argentina’s Neuquen province at the heart of the Vaca Muerta shale has forecast that at least three major projects will enter the development phase in the basin this year, writes Kathrine Schmidt. The increase will bring the total number of such projects in the area to 10, with even more potential on the horizon. The projection from Neuquen Governor Omar Gutierrez echoes comments

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....

    North Dakota suffers production frostbite

    Severe cold weather in the US state of North Dakota led to significant drops in oil and gas output in February after the home of the Bakken shale formation hit record production highs in January, according to preliminary data from regulatory officials. The state saw a 5% drop in crude production, to 1.34 million barrels per day from more than 1.40 million bpd in January, according to a monthly re

    Weekly  upstreamonline.com 18 Apr 11:00 GMT ....