Thursday, May 12, 2011

BG’s Q1 2011 E&P Production hit by civil unrest in North Africa, flooding in Australia, and shutdowns in the North Sea; Will BG ramp up to achieve the Group’s long-term rate of 6-8% to 2020?

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Natural Gas giant, BG has challenging first quarter for O&G operations. The group’s production for the period was down 5% from 61.3 mmb...

BP looks for acquisition opportunities in Brazil and Russia.. Plans to spend $20 billion in 2011.

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“ BP is looking to acquire stakes in Brazilian oil fields to increase the production in South America”, said Guillermo Quintero, president ...
Wednesday, May 11, 2011

Exploration in the Cook Inlet: A shot in the dark?

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INTRODUCTION AND HISTORY Cook Inlet, the channel that runs from the Anchorage area south to the Gulf of Alaska, is home to Alaska's ol...

Suncor Energy posts 6.5% Increase in Production for Q1 2011; Capital Spending was primarily on Expansion of In Situ Oil Sands Operations; Production In Line with company’s target of one million boepd by 2020

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Suncor Energy’ s upstream production in first quarter 2011 was 601,300 boepd, up 6.5% over same period last year. Suncor’s Q1 2011 producti...

Quicksilver Resources to sell HRB acreage for $150 million. Another $1.5 billion package in HRB is on the table.

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“ Quicksilver Resources is considering seeking a partner for its Horn River Basin (HRB) acreage in northeastern British Columbia”, said Gle...
Tuesday, May 10, 2011

Range Resources Q1 output up on Marcellus Shale drilling; Targeting Marcellus to be self-funding 2013 and capture full resource potential

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Natural gas company, Range Resources Corp reports increase in its Q1 2011 production as the company focused on drilling the liquids-rich po...

EOG Resources sells $647 million worth assets in US. Another $400 million worth assets up for sale. Where could it sell?

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EOG Chief Executive Officer Mark Papa disclosed that EOG had sold $647 million worth assets in its goal of divesting $1 billion worth of ...