Oil & Gas Industry News
EnerFaxGold.com provides up to date energy, oil & gas news from around the world. See below for the latest energy industry headlines.
Oil Higher On Ukraine Tensions, Data, But Posts Second Monthly Fall.
Crude oil prices post their second straight monthly loss, despite rising on worries that the intensifying Ukraine crisis may trigger more sanctions. Energy update.
EIA: Tight Oil Stabilizes Brent Crude Prices.
Production from US shale formations is making oil imports from OPEC countries less important. Energy update.
PacWest: Considerable Growth Expected for US Shale Formations.
Shale plays in the US are expected to show significant growth between 2014 and 2016, PacWest says. Energy update.
Kemp: Why The Shale Revolution Is Not About To End.
Doubts about the sustainability of the North American oil and gas boom center on rapidly declining output from many shale wells after they are initially drilled. Energy update.
Total launches phase 2 of offshore Ofon field.
Total launched the second phase of the Ofon field development in offshore Nigeria (Ofon Phase 2) has begun. Oil and gas updates.
Lundin spuds fourth appraisal well.
Lundin Petroleum commenced drilling of the appraisal well 16/2-11 on the Johan Sverdrup PL501 discovery located in the North Sea sector of the Norwegian Continental Shelf (NCS). Oil and gas updates.
Total launches Hild field development.
Total, operator of the Hild license, launched the development of the field located in the Norwegian North Sea. Oil and gas updates.
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