Platts Norway's Statoil Thursday reported first-quarter output of 1.998 million b/d of oil equivalent, down 9% year-on-year, which, coupled with lower prices, cut net profit by more than half. However, CEO Helge Lund said in the results statement that longer ... and more »
Aviation Week GE is building a 90% scale GE9X high-pressure compressor development rig which will run at the company's Oil and Gas test facility in Massa, Italy in July. The first run of the new core is expected in 2014 and the design will be frozen in 2015. The ... and more »
DailyFinance Swift Energy produced 2.82 million barrels of oil equivalent ("MMBoe") during the first quarter of 2013, a 1% increase over first quarter 2012 production of 2.80 MMBoe, and down 9% compared to fourth quarter 2012 production of 3.11 MMBoe. ... These ... and more »
Environmental Defense Fund (blog) Moreover, regulators in Colorado have identified the oil and gas industry as the biggest source of VOC emissions in the state and compressor engines and drill rigs used at oil and gas facilities as the biggest source of oxides of nitrogen in the Front ... and more »
Bloomberg An injection compressor system at the gas facility shut down April 22 for about 48 hours, Dawn Patience, a BP spokeswoman in Anchorage, Alaska, said in a telephone interview today. The gas is used to enhance oil recovery at Prudhoe Bay, Patience said. and more »
