Selection of the stimulation target in unconventional shale formations is an important factor that impacts well productivity. In thick unconventional formations, it is essential that operators quantify the production of each stage of hydraulic fracturing executed in the well, in order to establish t ...ANCAP and Geokinetics agree on a regional seismic program, onshore Uruguay
HOUSTON, TX (1 December, 2016) – The Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP) has authorized Geokinetics Inc. to acquire a 2,687 km regional Multi-Client 2D Survey in the Norte Basin, onshore Uruguay. The Norte Basin is the southern extension of the Paraná Basin of Braz ...Louise Kinnersley - GEOKINETICS INC.
GE Oil & Gas Makes $25 Million Investment in Tellurian Investments
Tellurian Investments Inc. announced today that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian which has an implied Tellurian Investment Inc. Common Stock value of $5.94 per share. Tellurian President and CEO Meg Gentle said, “This investment represents another step f ...
Press Release – November 30th 2016. Ikon Science announced today that its revolutionary RokDoc Ji-Fi software has achieved three prestigious awards within the past 3 months. Ikon's Research Director Michael Kemper received an award from the Society of Exploration Geophysicists (SEG) for his 2016 ...Julianne Sharples - Ikon Science
ANCAP and Geokinetics agree on a regional seismic program, onshore Uruguay
HOUSTON, TX (23 November, 2016) – The Administración Nacional de Combustibles, Alcoholes y Portland (ANCAP) has authorized Geokinetics Inc. to acquire a 2,687 km regional Multi-Client 2D Survey in the Norte Basin, onshore Uruguay. The Norte Basin is the southern extension of the Paraná Basin of Bra ...Louise Kinnersley - GEOKINETICS INC.
Technip and FMC Technologies Shareholders Approve Business Combination
HOUSTON & PARIS--(BUSINESS WIRE)--Regulatory News: FMC Technologies Inc. (NYSE: FTI) and Technip S.A. (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) (Euronext: TEC) announced that the companies' respective shareholders voted today to approve the proposed business combination of Technip and FMC Technol ...Shell calls for students to enter a global contest
Shell Ideas360 challenges students to create innovations that will tackle some of the planet's biggest challenges: global access to energy, food and water Entrants could win a National Geographic exploration adventure Studies show employers want to recruit graduates with experience in big think ...ExxonMobil’s Energy Outlook Projects Population, Economic Growth to Drive Energy Demand
Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil's 2017 Outlook for Energy: A View ...Total makes $207 million investment in Tellurian to develop integrated gas project
Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in the US to the delivery of LNG t ...Crude oil prices increased in 2016, still below 2015 averages
Source: U.S. Energy Information Administration, based on Thompson Reuters Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher th ...ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels
Companies' assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares Exxon Mobil Corporation (NYSE:XOM) said today it will more than ...Sky-Futures Training Academy USA Launches Part 107 Online Tutorial Course
Sky-Futures is rolling out an online tutorial course; the new course will enable persons and organizations in the US to pass the FAA's Part 107 exam. For the past two years, Sky-Futures has established a reputation for high quality training; Sky-Futures Training Academy (SFTA) alumni include Emer ...With low oil prices in 2016, federal revenues from energy on federal lands again declined
Source: U.S. Energy Information Administration, based on Office of Natural Resources Revenue In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American I ...Strategic Petroleum Reserve sales expected to start this month
Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold under the Bipartisan Budget Act of 2015 Section 404 are estimates based on an assumption of $50 per barrel. Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded c ...Major U.S. tight oil-producing states expected to drive production gains through 2018
Source: U.S. Energy Information Administration, Short-Term Energy Outlook , January 2017 In EIA's January Short-Term Energy Outlook , U.S. crude oil production is forecast to increase from an average of 8.9 million barrels per day (b/d) in 2016 to an average of 9.3 million b/d in 2018, p ...
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