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Drilling Production 2008 P

  • 05/12/2008 -- Shell starts gas production from Shamrock in North Sea
    Shell UK Ltd. reported production start-up May 12 from Shamrock field in the North Sea, the third new Shell-operated North Sea field to begin production this year.
  • 05/12/2008 -- OTC: Deepwater systems offer new life in Gulf of Mexico
    The ultradeep waters of the Gulf of Mexico will be an area of significant oil production in the future, according to Steve Thurston, vice-president of Chevron North America E&P Co.
  • 05/12/2008 -- Eni delays Kashagan oil field production further
    Kazakhstan, learning of additional delays in the development of its Kashagan oil field, may impose new fines on the Eni SPA-led consortium in charge of the project.
  • 05/10/2008 -- KCA Deutag wins $100 million in drilling contracts
    European and Russian oil and gas operators have awarded drilling contractor KCA Deutag five contracts valued at a total of more than $100 million for land drilling and extensions of existing drilling contracts.
  • 05/10/2008 -- Venezuela invites Colombia to partner in Orinoco
    Venezuelan President Hugo Chavez, in an apparent attempt at extending an olive branch to Colombia, suggested that its state-owned Ecopetrol SA should become a partner in the Orinoco oil region.
  • 05/10/2008 -- Jacos to upgrade Alberta's Hangingstone oil sands
    Japan Canada Oil Sands Ltd. (Jacos) plans to increase production to 43,000 b/d from 8,000 b/d of bitumen at its Hangingstone oil sands project in northern Alberta.
  • 05/09/2008 -- US drilling activity at 22-year high
    US drilling increased by 7 rotary rigs to the highest level so far this year with 1,846 units working, up from 1,740 during the same period a year ago and the largest count since Jan. 10, 1986, said Baker Hughes.
  • 05/09/2008 -- Simulfrac success seen in Arkoma Woodford
    Continental Resources Inc., Enid, Okla., declared success at the first "simulfrac" stimulation performed in the Devonian Woodford shale in the Arkoma basin in eastern Oklahoma.
  • 05/09/2008 -- OTC: US must pay more to attract gas storage supplies
    US natural gas markets will have to compete in price in global gas markets if they expect to attract sufficient supplies into storage before the country's gas withdrawal season traditionally begins on Nov. 1.
  • 05/09/2008 -- The windfall profits tax has re-emerged
    How serious are the prospects for Congress reviving the windfall profits tax? Serious enough for Sen. Pete V. Domenici (R-N.M.) to ask the chief executives of the five largest US oil companies for detailed explanations of how they use their profits to re-invest in energy production.
  • 05/09/2008 -- API study sees significant upstream, refining impacts from Lieberman-Warner
    A climate change bill headed for the Senate floor in early June could significantly reduce domestic natural gas production and send refining production and jobs overseas, a new report commissioned by the American Petroleum Institute says.
  • 05/08/2008 -- API: US oil, gas drilling costs reach all-time high
    The cost of drilling and equipping oil and gas wells in the US reached an all-time high in 2006, the American Petroleum Institute reported.
  • 05/07/2008 -- EXCO presses Vernon gas field development
    Gas production from Vernon field in Jackson Parish, La., has stabilized at a net 130 MMcfd of gas equivalent for the past 8 months since EXCO Resources acquired the field from Anadarko Petroleum in March 2007 for $1.5 billion.
  • 05/07/2008 -- OTC: Deepwater, ultradeepwater gulf continues to thrive
    The Gulf of Mexico's deep water (up to 400 m of water) and ultradeep water (deeper than 1,600 m) continue to be a vital part of the gulf's total production, providing about 72% of the oil and 38% of the gas in the region.
  • 05/06/2008 -- Reliance contracts for new Transocean drillship
    Reliance Industries Ltd., India's largest private sector conglomerate, signed a 5-year drilling contract with Transocean Inc. for a newbuild enhanced Enterprise-class design drillship.
  • 05/06/2008 -- France E&P investment, up in 2007, to dip in 2008
    High oil prices in France last year continued to pull along both E&D investments, which jumped to €160.69 million from €87.81 million.
  • 05/05/2008 -- Power plant CO2 to boost China oil field output
    Japanese and Chinese public and private firms plan to simultaneously reduce emissions of harmful industrial gasses and increase crude oil production at an oil field in China by injecting carbon dioxide from a coal-fired power plant into the field.
  • 04/29/2008 -- MMS approves Cascade-Chinook FPSO development plans
    The US Minerals Management Service has approved development plans for the Cascade-Chinook oil and natural gas project in the Walker Ridge area of the Gulf of Mexico.
  • 04/29/2008 -- Indonesia expected to fall short of 2008 oil production target
    Indonesia is expected to miss this year's crude oil production target of 977,000 b/d, the Energy and Mineral Resources Ministry announced.
  • 04/28/2008 -- Total brings Moho-Bilondo field on stream
    Total E&P Congo has produced first oil from the deepwater offshore Moho-Bilondo field in Congo (Brazzaville) nearly a month ahead of schedule.