Tag Archives: oil production

API Issues Three New Integrity Management Standards for Offshore Natural Gas and Oil Production

Today, API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG).  “We continuously publish and revise standards to make offshore natural gas and oil…

Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow

Hess Corporation (NYSE:HES) announced in early December 2018 a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent…

Oil & natural gas stimulate North Dakota economic and job growth

Oil and natural gas are driving the U.S. economy through a major energy boom and that boom is rippling through the economy of North Dakota, supporting business activity across the state. This finding grows out of a new American Petroleum Institute survey of domestic oil and natural gas vendors, which…