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Share prices have plunged for seemingly every major US shale producer, with Concho, Pioneer, and Continental among those receiving the worst of the market’s fury. Have investors completely lost faith in the industry? And are shale executives any more optimistic?
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The country’s largest producer of oil and gas is leading the charge to create a domestic shale boom.
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Steve Holditch, who served as SPE President in 2002 and was a fixture of the Texas A&M University Department of Petroleum Engineering, died 9 August. He was 72.
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The Health and Safety Executive, a UK safety authority, has served BP with an improvement notice regarding its training for lifeboat evacuation on the Glen Lyon floating production vessel, west of Shetland.
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It is “one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron said in a news release.
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Anchored by the Khaleesi-Mormont and Samurai fields, the King’s Quay FPS will receive and process up to 80,000 B/D of crude oil.
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The private investment firm said it will partner with Treeline Well Services, one of the largest private rig providers in Canada, to build its service fleet following acquisition of the company. Treeline’s core areas are in Alberta and British Columbia.
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The biggest merger in the oil and gas industry in 3 years has become official, making Oxy the largest holder of land in both the Permian Basin and DJ Basin.
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The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems.
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Juan V. Roger, SPE Distinguished Member and the first SPE South America and Caribbean Regional Director, died 5 August in Caracas, Venezuela. He was 88.