Daily Archives: August 17, 2016

Alberta GHG cap seen costing $250 billion

Rate this article A proposed cap on emissions of greenhouse gases (GHGs) will limit production growth from Alberta’s oil sands and cost the provincial economy as much as $254.74 billion (Can.) during 2025-40, according to a study by the Fraser Institute. Read Full Article Here For more great articles: Oil & Gas Journal – General…

New Guinea Energy exits Papua New Guinea

Rate this article New Guinea Energy Ltd. (NGE), Melbourne, has decided to hand back its final two petroleum exploration permits in Papua New Guinea and complete its planned transition to a listed investment company. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

EIA reports 2.5 million-bbl decline in US crude stockpiles

Rate this article US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 2.5 million bbl during the week ended Aug. 12 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report. Read Full Article Here For more great articles: Oil & Gas Journal – General…

China’s CNPC hires Frigstad Shekou offshore drilling rig

Rate this article By Offshore Energy Today China’s oil giant CNPC has hired Frigstad Offshore’s semi-submersible drilling rig Frigstad Shekou. This is Frigstad’s first of two drilling rigs under construction at China’s Yantai CIMC Raffles yard. With the length of 117m, width of 92.7m and height of 118m, Frigstad Shekou is equipped with DP3 dynamic…