Producers in Alberta's liquids-rich shale play at Duvernay are likely to invest some C$1 billion ($955 million) in drilling activities over the remaining six months of 2013, with that figure likely to rise further next year, oil and gas ...
Nearly a decade after re-entering the US Gulf of Mexico and five years into its shale play foray onshore, Statoil is now an operator in both arenas, a coup for the Norwegian company best known for harsh-environment marine operations. ...
Tags: Statoil, foray onshore
The growing adoption of the open cell business model in the LCD panel industry has generated different views on the future of the backlight unit (BLU) sector, said Wang Pen-Jan, chairman of Taiwan-based BLU maker Radiant Opto-Electronics. ...
Tags: Open Cell, Blu Makers
Total capital spending in 2012 for the top 100 US producers, including acquisitions, rose 18% year over year to the highest level on record at $316.6 billion, driven by development capital spending of a combined $208 billion, according to a ...
Faced with "risk-adverse" South Korean investors, Calgary-based mid-size producer Bellatrix Exploration abandoned a C$300 million (US$289 million) joint-venture but is confident it can have a new partnership in place within two months, ...
Tags: Canada, Bellatrix, Cardium Oil
On the heels of unveiling a new corporate identity and new CEO Karel Vercruyssen, along with the pending retirement of Ralph Boe, Beaulieu America announced another milestone: its 35th anniversary as a company. Beaulieu began as a small rug ...
Tags: Beaulieu America, Innovation
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 ...
Tags: Statoil, CFO Torgrim Reitan
LCD panel makers in Taiwan, Japan and Korea have been suffering. Despite the growing demand for LCDs the high number of panel makers and new competition from China has resulted in tough price competition for panel makers, to the point that ...
Tags: LED, LCD, Electrical, Electronics, LCD panel
The more established shutter glass 3D technology now faces competition from the film patterned retarder technology as the demand for 3D TV rises, notes NPD DisplaySearch. According to the NPD DisplaySearch Quarterly Display Optical Film ...
Tags: 3D TV, Shutter Glass Technology
Chevron is "in discussions" with Venezuela about adding opportunities to invest in that country following the recent death of its controversial populist President Hugo Chavez, Chevron CEO John Watson said Tuesday. But Watson told ...
Tags: Chevron, oil projects, oil field
Beijing plant will supply panel makers on the China mainland Corning Incorporated (NYSE:GLW) today hosted a grand opening ceremony for a new liquid crystal display (LCD) glass substrate manufacturing facility in the People's Republic of ...
Tags: LCD Glass
Germany's Wintershall expects to increase its oil and gas output in 2013 mainly as a result of higher volumes from its operations in Russia, Norway and Libya, the company's parent BASF said Tuesday. In its outlook for 2013, BASF said ...
China's oil and gas companies could lift their total overseas equity production to 3 million b/d by 2015, the executive director of the International Energy Agency said Tuesday. "Chinese national oil companies are present everywhere in ...
Tags: oil, gas, overseas equity
UK offshore oil and gas investment has risen to its highest level in 30 years, thanks to changes in the tax regime introduced over the past four years, industry association Oil & Gas UK said Monday. Investment soared to GBP11.4 billion ...
Tags: offshore oil, gas investment, oil
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's ...