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Drilling Production 2008 P14

  • Thu Sep 18 11:09:00 CDT 2008 -- Venezuela says oil reserves now at 142.31 billion bbl
    Venezuela's ministry of energy and petroleum has added 7.43 billion bbl to the country's oil reserves, raising them to 142.31 billion bbl.
  • Fri Sep 19 00:09:00 CDT 2008 -- House passes bill aimed at increasing energy commodities regulation
    The US House of Representatives approved a bill designed to stop excessive oil commodities speculation by 273 to 124 votes. The measure, which now moves to the Senate, also could bring reforms to natural gas markets, two business groups said.
  • Fri Sep 19 16:09:00 CDT 2008 -- Drilling activity declines in US
    US drilling activity declined by 13 rotary rigs to 2,018 drilling this week, vs. 1,769 during the same period a year ago, said Baker Hughes Inc.
  • Tue Sep 23 10:09:00 CDT 2008 -- Venture Production starts Chestnut field oil flow
    Venture Production PLC has started production from Chestnut field in the UK North Sea after technical problems delayed it for a year.
  • Tue Sep 23 10:09:00 CDT 2008 -- Reliance Industries produces oil off India
    Reliance Industries Ltd. has started oil production from MA-D6 field in the Bay of Bengal off eastern India (See map, OGJ, July 18, 2005, p. 34).
  • Tue Sep 23 17:09:00 CDT 2008 -- Trio considers West African stranded gas projects
    Afren PLC, Gasol PLC, and Electricite de France (EDF) have signed a memorandum of understanding to investigate developing stranded natural gas projects in West Africa.
  • Wed Sep 24 16:09:00 CDT 2008 -- Militant group MEND to continue ceasefire in Nigeria
    Nigeria's main oil militant group has pledged to continue its unilateral ceasefire in the Niger Delta despite accusing the military of launching air attacks on its allies' camps.
  • Thu Sep 25 11:09:00 CDT 2008 -- Total producing K5a field gas off the Netherlands
    Using innovative subsea technology, Total E&P Nederland BV began natural gas production earlier this month from K5F field on the Dutch continental shelf.
  • Fri Sep 26 00:09:00 CDT 2008 -- Baucus sees quick passage of renewable energy tax credit extensions
    Legislation to extend renewable energy tax credits by imposing new taxes on the oil and gas industry should pass the US Senate and move quickly through the House, Senate Finance Committee Chairman Max Baucus (D-Mont.) predicted.
  • Fri Sep 26 00:09:00 CDT 2008 -- Democrats plan to put moratoriums in continuing resolution, House GOP says
    The US House's Democratic leadership has inserted offshore and oil shale leasing moratorium into its continuing resolution draft less than a week after the full House passed a bill which would lift them, House Republicans charged on Sept. 22.
  • Fri Sep 26 12:09:00 CDT 2008 -- Mexican production continues downward spiral
    Mexico's state-owned Petroleos Mexicanos said that during January-August 2008 its production of crude oil fell to 2.83 million b/d or 9.7% while exports dropped 16% compared with the same period in 2007.
  • Fri Sep 26 14:09:00 CDT 2008 -- ROV operators to earn $9 billion over next 5 years
    Oil and gas industry expenditure on work-class ROV operations is likely to total $1.6 billion in 2008, and the market is set to reach $2.4 billion by 2012, reports Douglas-Westwood in a new study.
  • Mon Sep 29 14:09:00 CDT 2008 -- Bualuang oil output begins in Gulf of Thailand
    Production from Thailand's newest oil field, Bualuang, operated by Salamander Energy, reached a plateau level of more than 17,000 b/d of oil after the five producing wells were brought on stream.
  • Fri Oct 03 00:10:00 CDT 2008 -- 'The Democrats' reversal on offshore drilling was an election year ploy'
    US Sen. James M. Inhofe (R-Okla.), the Environment and Public Works Committee's ranking minority member, in a Sept. 26 statement on a provision in the economic stimulus package before the Senate which would continue the moratorium on oil shale development.
  • Fri Oct 03 00:10:00 CDT 2008 -- SEC charges North Texas man and firm with violating securities laws
    The US Securities and Exchange Commission filed a civil action on Sept. 25 charging that a North Texas man and his company violated federal securities laws by offering and selling unregistered shares of an oil and gas drilling program.
  • Sat Oct 04 08:10:00 CDT 2008 -- US drilling continues to wind down
    US drilling activity continued to decline, down by 16 rotary rigs to 1,979 working this week, vs. 1,755 during the same period a year ago, said Baker Hughes Inc.
  • Mon Oct 06 15:10:00 CDT 2008 -- Dana, Crescent kick off Kurdish natural gas production
    Dana Gas and equal partner Crescent Petroleum have started natural gas production in Iraq's northern Kurdistan region after commissioning the first stage of a $650 million project.
  • Mon Oct 06 16:10:00 CDT 2008 -- Demand for drilling services in Indonesia on the rise
    Demand for drilling services in Indonesia is expected to jump by 20% in 2009 as domestic and IOCs, eyeing government incentives and rising prices for crude, seek to increase their production.
  • Wed Oct 08 11:10:00 CDT 2008 -- Snohvit shut down for 30-day equipment exchange
    StatoilHydro shut down production Oct. 4 from Snohvit field in the Barents Sea for 30 days to replace two heat exchangers at the Melkoya gas liquefaction plant-terminal near Hammerfest in northern Norway.
  • Wed Oct 08 12:10:00 CDT 2008 -- Brazil launches new platform, loading terminal
    Petrobras has inaugurated the P-51, the company's first-ever domestically built semisubmersible platform—a milestone event according to government and company officials.
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