Marcellus & Utica Shale Story Links: Wed, Sep 20, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Dump WV personal property tax on businesses to lure more gas power plants; PA Senate Repubs don’t like House budget, want a severance tax; OH first responders say o&g companies do good job with information; Haynesville Shale […]

Source: Marcellus Drilling News

Enable Grows With $300 Million Acquisition Of Align

Enable Midstream Partners LP (NYSE: ENBL) is expanding its footprint in the Cotton Valley and Haynesville shale plays with the $300 million acquisition of Dallas-based Align Midstream LLC, the company said Sept. 12. Enable, based in Oklahoma City, said it entered an agreement to acquire Align, which owns natural gas gathering and processing assets in the Cotton Valley and Haynesville ...

Source: Oilandgasinvestor.com Feeds

Is Artificial Intelligence The Next Step In Total’s Tech Push?

France’s top oil player Total has once again demonstrated that it is wasting no time to prepare for the future realities of an increasingly green, increasingly digital world. The company is in talks with Google and Microsoft regarding the development of custom-made artificial intelligence for the oil industry. The Telegraph quoted Total’s Chief Information Officer Frederic Gimenez as saying engineers from the ...

Source: Oilprice.com

EIA Report Kills Bullish Sentiment

Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the week to September 15. These, according to the authority, stood at 472.8 million barrels as of last Friday, up by 4.6 million barrels from the previous week, which saw ...

Source: Oilprice.com

OCTG Weathers Texas Storms

ExxonMobil Photo Courtesy Shuli Hallak Photography www.shulihallak.com

ExxonMobil Photo Courtesy Shuli Hallak Photography www.shulihallak.com

Susan Murphy | Publisher + Editor in Chief | The OCTG Situation Report

Susan Murphy/Publisher

Weather news has taken the US by storm for the past couple weeks starting with Hurricane Harvey that hit home for so many in the oil patch. While the plight of the people in its path was the first concern, many in the OFS supply chain wondered how the ...

Taiwan Cuts Off Fossil Fuels To North Korea

Taiwan will no longer offer its fossil fuels to North Korea, the island announced on Tuesday in a bid to emerge as a responsible member of the international community. Taiwan also said it would immediately halt any remaining clothing and textile imports from North Korea, in line with recent economic sanctions against Pyongyang for its missile tests over Japan. Preexisting ...

Source: Oilprice.com

Has The EIA Been Overestimating Oil Production?

The Energy Information Administration is overestimating U.S. crude oil production, Continental Resource’s chief executive Harold Hamm said today in an interview with Fox Business. Hamm was notably the only shale oil major executive who warned against the too-quick boosting of shale oil production after the OPEC-non-OPEC output cut deal from the end of last year. “EIA over-forecast what U....

Source: Oilprice.com

Clash In Oil-Rich South Sudan Region Kills At Least 25

South Sudanese authorities reported the deaths of at least 25 people on Tuesday following a clash between government forces and rebel groups in the oil-producing regions in the north of the world’s youngest country. The rebels pledge their loyalty to Former Deputy President Riek Machar, who has been exiled by the central government. On Monday, a village called Nhialdiu became ...

Source: Oilprice.com

Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction

The Lebanese Parliament voted into law on Tuesday legislation that regulates the tax regime from oil and gas operations in the country, in a milestone law for bidders in Lebanon’s first tender for offshore exploration oil blocks. The draft law planned for a 20-percent income tax, and a stamp-duty fee fixed at the equivalent of US$3,316 (5 million Lebanese pounds), ...

Source: Oilprice.com

Iraq Sees No Need For Further OPEC Oil Output Cuts

Iraq doesn’t see a need for more collaborative oil production cuts currently, but it would support consensus within OPEC if such need arises, Iraqi Oil Minister Jabbar al-Luiebi said on Tuesday, adding that it was still too early to decide on actions to take beyond March next year. OPEC and the non-OPEC producers that are part of the deal are ...

Source: Oilprice.com

Manitok Energy Inc. Acquires Corinthian Oil Corp.

CALGARY, Sept. 20, 2017 /CNW/ – Manitok Energy Inc. (“Manitok“) (TSX-V: MEI) is pleased to announce that it has completed its previously announced three-cornered amalgamation pursuant to an amalgamation agreement (the “Amalgamation Agreement“) dated effective September 12, 2017 among the Corporation, Corinthian Oil Corp. (“Corinthian“) and 2065718 Alberta Inc. (“Acquireco“), a wholly owned subsidiary of [Read More…]

Source: BOE Report

Halcón Resources Announces the Sale of its Non-Operated Williston Basin Assets for ~$110 Million

HOUSTON, Sept. 20, 2017 (GLOBE NEWSWIRE) — Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced it has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments.  The effective date of the [Read More…]

Source: BOE Report

Canada – St. Johns: Coop Human Resources/Business  Student (9502), People and Leadership

Statoil Canada’s Offshore Newfoundland operation is seeking a Business Co-op Student to strengthen our high caliber team, located in St. John’s, Newfoundland.

We are looking for a person who has the courage to set ambitious targets, embrace innovation and deliver on promises to extend our reach.

We offer an exciting environment where you can develop as an individual, are constantly ...

Source: Statoil - Vacant positions