Thursday, October 19, 2017

LOOK FOR SHARES OF SCHLUMBERGER TO POTENTIALLY PULLBACK AFTER YESTERDAY’S 0.15% RISE (SLB)

December 7, 2010 by  
Filed under WORD OIL

Schlumberger (NYSE:SLB) traded in a range yesterday that spanned from a low of $81.30 to a high of $83.21. Yesterday, the shares gained 0.15%, which took the trading range above the 3-day high of $83.00 on volume of 6.9 million shares. Often times after large one-day gains, short term traders will seek to take profits […]

U.S. govt, Halliburton reach deal on fracking info

December 7, 2010 by  
Filed under WORD OIL

WASHINGTON, Dec 7 (Reuters) – Halliburton (HAL.N) has reached an agreement with the U.S. government to comply with an order to turn over details about the chemicals the company uses in a controversial technique to drill for natural gas. The Environmental Protection Agency subpoenaed Halliburton last month, saying the company had not fully complied with […]

Chevron Atlas Energy

November 12, 2010 by  
Filed under Featured, WORD OIL

Chevron sees Atlas output surge Oil and Gas Magazines – Chevron expects Atlas Energy, which it has agreed to buy for $3.2 billion, to ramp up output to 100,000 barrels of oil equivalent per day, or more than seven times current production. Company boss John Watson, who did not give a timeline for the increased […]

Exxon Mobil Jumps

November 12, 2010 by  
Filed under WORD OIL

Exxon Mobil 3Q income jumps 55 percent Oil and gas Magazines – Exxon Mobil Corp.’s third-quarter income jumped 55 percent thanks to higher oil prices and increased production. The world’s largest publicly tMobilraded oil company on Thursday reported earnings of $7.35 billion, or $1.44 per share. That compares with $4.73 billion, or 98 cents per […]

Shell U.K. Limited

November 12, 2010 by  
Filed under WORD OIL

Shell awards offshore integrated services contract Oil and gas Magazines – Shell U.K. Limited has awarded an integrated services contract to Aberdeen-based Production Services Network (U.K.) Limited (PSN). The contract award covers the provision of engineering and maintenance services on assets operated by Shell in the central North Sea and the Brent field. The contract […]

Schlumberger introduces OpenFRAC fluid additive systems

July 31, 2010 by  
Filed under WORD OIL

Schlumberger today announced the release of its new OpenFRAC* family of hydraulic fracturing fluid additive systems. The additive systems can be used for fracturing-stimulation treatments, including applications in challenging, low-permeability formations such as shale and tight gas sands. The OpenFRAC family is fully functional and disclosable, providing comparable technical performance to conventional additive systems. Three […]

New GOM oil spill containment system planned by major oil companies

July 24, 2010 by  
Filed under WORD OIL

a plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell. The new system will be flexible, adaptable and able to begin […]

Texas-Gulf Coast Drilling

July 23, 2010 by  
Filed under WORD OIL

HOUSTON, July 22 — New Gulf Energy LLC, Tulsa, through its Petro Texas LLC subsidiary, and Petromax Operating Inc. are completing Well No. 11 in a horizontal Woodbine oil project northeast of College Station in Madison, Brazos, and Grimes counties, Tex. The companies are drilling laterals as long as 8,000 ft with as many as […]

Tanzania refinery project receives funding

June 19, 2010 by  
Filed under WORD OIL

US-BASED NOOR Oil & Industrial Technology Inc. is planning to construct a 200,000 bpd-refinery and an oil pipeline in Tanzania to supply refined fuel products to the domestic and regional markets. The company has already got funding for the US$3.5bn project which includes plans to run a pipeline from the coastal port of Dar Es […]

BP Oil is capturing more than 25,000 bpd

June 19, 2010 by  
Filed under WORD OIL

BP is capturing more than 25,000 barrels per day now that oil and gas is flowing through a second containment system, according to the latest figures from the UK supermajorThe new system is connected directly to the blowout preventer (BOP) and carries oil and gas through a manifold and hoses to the Q4000 vessel on […]

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