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Eni Discovers Supergiant Gas Field Offshore Egypt

Zohr 1X NFW was drilled to a total depth of about 4,131 m (13,553 ft)) and hit 630 m (2,067 ft) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (more than 400 m of net pay), Eni said in a news release.
Keystone XL permit

Keystone XL Permit On Verge Of Rejection?

President expected to announce denial of TransCanada project before Labor Day holiday, sources say.
EnCap, acquisitions, talent, EnerCom, fund, oil, gas, drilling

EnCap Remains Patient In Soft A&D Market, Captures Talent Instead

The private equity firm says the industry may experience a shift amid the downturn, with acquisition and exploitation models getting dollars while the supply of natural gas divestitures increases as operators hold on to oil assets in hopes of a recovery.

Prolonged Low Oil Prices Could Halt Ethane Investments: Report

Oil-price volatility is creating a nightmare for petrochemical companies planning investments, according to Don Bari, vice president of technology and analytics for IHS Chemical and author of the report.
US, shale, gas, production, decline, fall, September, EIA, Marcellus, Utica, rigs, legacy, wells

US Shale Gas Production Expected To Fall In September

Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.
Schlumberger, Cameron International, 15 billion, merger, oilfield services, subsea

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years.
Cobalt, offshore, Angola, Sonangol, GoM, Brackett

Cobalt Leaves Angola Coast For Gulf Of Mexico In $2 Billion Deal

Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.

Partnership Pursues Innovation In Quest To Lower Methane Emissions

The Climate & Clean Air Coalition Oil & Gas Methane Partnership said it has identified several low-cost, quick-payback projects that lower methane emissions.
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