Drilling Production 2008 P

05/27/2008 -- China gas wells back on stream after earthquake
China Petroleum & Chemical Corp. (Sinopec) said 97% of its natural gas wells in Sichuan Province have resumed production after the earthquake 2 weeks ago.
05/23/2008 -- Mexico's oil output continues to recede
State-owned Petroleos Mexicanos said the country's production and exports of crude oil fell sharply in first-quarter 2008 as output continues to recede at Cantarell, the country's main oil field.
05/23/2008 -- US drilling exceeds 22 year high
US drilling activity broke a 22-year record the week ended May 23, with 1,889 rotary rigs working, the most since Jan. 3, 1986 when Baker Hughes Inc. reported 1,983 units active.
05/23/2008 -- AWE extends FPSO charter
Sydney-based Australian Worldwide Exploration Ltd. negotiated a 14.5-year extension on its charter for the FPSO Umuroa for its Tui oil field in the offshore Taranaki basin of New Zealand.
05/23/2008 -- Kempthorne says polar bear is threatened, but not endangered, species
The polar bear will be listed as a threatened species under the federal Endangered Species Act, US Interior Secretary Dirk A. Kempthorne announced.
05/22/2008 -- Gupco starts production from Egypt's Saqqara field
Gulf of Suez Petroleum Co. is delivering more than 30,000 b/d of oil from offshore Egyptian Saqqara field in the Gulf of Suez and will start gas production shortly.
05/22/2008 -- Bakken play gets Three Forks/Sanish producer
A well on the Williston basin Nesson anticline in Dunn County, ND, was completed flowing oil, gas, and water from the Devonian Three Forks/Sanish formation.
05/22/2008 -- Petroecuador cuts production target
State-owned Petroecuador plans to cut its 2008 production target to 172,000 b/d of crude oil, or some 4% less than the goal set at the first of the year.
05/21/2008 -- Transocean drills record extended reach well off Qatar
Transocean Inc. claimed its GSF Rig 127 jack up drilled a record length extended reach well off Qatar for Maersk Oil Qatar AS.
05/20/2008 -- Norway cuts 2008 oil production forecast
Norway has revised its oil production forecast for 2008 to 2.4 million b/d—down from the previous projection of 2.5 million b/d—in its revised budget for this year.
05/17/2008 -- Oilexco lets UK North Sea subsea work to Technip
Oilexco North Sea Ltd. has signed a framework agreement with Technip SA for engineering, project management, and construction services for subsea developments at its Shelley oil field and other fields in the UK North Sea.
05/16/2008 -- Gazprom winter gas production beats previous year's
OAO Gazprom increased its natural gas production in the first 4 months of 2008, the Russian company announced earlier this week.
05/16/2008 -- Wyoming Range bill is not just another federal land lockup
When the Senate Energy and Natural Resources Committee sent 45 public land, forest, park and water bills to the floor on May 7, the measures included a bill to close 1.2 million federal acres in Wyoming to future oil and gas leasing.
05/16/2008 -- Senate, House separately approve bills to suspend SPR oil purchases
The Senate overwhelmingly approved a bill to suspend crude oil purchases for the Strategic Petroleum Reserve unless prices fall below $75/bbl. The House passed its own bill a few hours later.
05/15/2008 -- Parker Drilling planning two newbuild arctic land rigs
A BP PLC subsidiary signed a letter of intent with a Parker Drilling Co. subsidiary for a drilling contract in Alaska requiring two newbuild land rigs.
05/15/2008 -- Shell, Repsol-YPF drop Iranian gas development plans
Royal Dutch Shell PLC and Repsol-YPF SA have suspended plans to develop Phase 13 of South Pars gas field in Iran as relations between the US and Iran deteriorate and development costs rise.
05/14/2008 -- Indonesia to reduce oil imports, raise production
Indonesia, facing widespread public protests over planned fuel price hikes, aims to lower its costs by reducing imported oil and increasing the country's production to 1.2-1.5 million b/d by 2010.
05/14/2008 -- BHP Billiton overseeing repairs to Neptune TLP hull
BHP Billiton is overseeing repairs to the Neptune TLP in the Gulf of Mexico to reinforce certain structural components in the hull's pontoons as required to meet the TLP's original design intent.
05/14/2008 -- Blake to buy Pride platform rigs for $66 million
Pride International Inc., Houston, signed a definitive agreement to sell its fleet of platform rigs and related equipment to Blake International LLC for $66 million.
05/14/2008 -- OTC: ABS adopts new FPSO structural requirements
ABS is adopting new structural requirements for FPSO units in a soon-to-be-released major revision and update of the society's Guide for Floating Production Installations.

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Drilling Production 2008 P