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Second-quarter financial results show a modest improvement for the industry’s three largest oilfield services companies.

Petronas cancels plans for the development of the Pacific Northwest LNG project in British Columbia intended to take away natural gas from the Montney formation for shipping to Asian countries. Low LNG prices strike a blow to the feasibility of the project.

Peter Hays, a partner in mergers and acquisitions (M&A) at law firm King & Spalding, says that stabilization in the oil market has helped the industry M&A business to recover.

Ben Van Beurden, CEO of Royal Dutch Shell, said in his 2Q presentation that the Prelude FLNG is one of three projects under construction that, along with nine others recently brought on line, will deliver USD 10 billion in cash flow by 2018.

Top US seismic experts say they are keeping a watchful eye on ground shaking in the state as new concerns are raised in neighboring Texas.

Two researchers at the MIT Energy Initiative have found that current modeling overestimates the impact of new technology on unconventional well productivity and underestimates that of increasingly targeting reservoir “sweet spots.”

The effectiveness of delivering information about a new energy project to community stakeholders varies based on the method used; how a message is framed can affect individual opinions.

As well-developed shale plays and tight formations mature and decline in production, nontraditional strategies for maximizing production and discovering new resources must be considered.

The newly formed independent producer will operate assets in UK, the Netherlands, Norway, and Denmark.

In a plenary session at the Unconventional Resources Technology Conference, executives in charge of unconventional operations for international oil companies talked about how they have slashed their cost per barrel.