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Drilling Production 2008 P

  • 04/08/2008 -- StatoilHydro awards 5-year drilling contract
    StatoilHydro awarded Aker Drilling ASA a 5 billion kroner contract for 5-year drilling operations in the Norwegian Sea.
  • 04/07/2008 -- Myanmar gas field to resume production this week
    Myanmar's Yetagun offshore gas field is expected to resume production by Apr. 11 following repair of two ruptures in a gas pipeline to western Thailand, Thai Energy Minister Poonpirom Liptapanlop told reporters.
  • 04/07/2008 -- Petrobras awards Aker Solutions equipment contract
    Brazil's Petrobras has awarded Norway's Aker Solutions a $223 million contract to provide offshore oil production equipment over the next 3 years.
  • 04/04/2008 -- US rig count hits 22-year high
    The US rig count jumped by 22 to 1,830 rotary rigs working—the largest number since the week ended Jan. 10, 1986, when 1,880 units were drilling, said Baker Hughes Inc.
  • 04/04/2008 -- Petrobras leases five deepwater rigs for $4 billion
    Petroleo Brasileiro SA (Petrobras) has signed a memorandum of understanding with Noble Corp. to lease five deepwater rigs over a period of 29 rig years at a potential cost of $4 billion.
  • 04/03/2008 -- Indonesia aims to boost oil, gas production in 2008
    Indonesia's state-owned PT Pertamina aims to increase production of crude oil and natural gas in 2008, despite falling short of planned output in both areas during 2007.
  • 04/01/2008 -- AP Moller-Maersk lets contract for Peregrino FPSO
    AP Moller-Maersk let an EPC contract to a unit of J. Ray McDermott for the 6,500-tonne topside modules for the Peregrino FPSO vessel.
  • 03/31/2008 -- NWS venture to develop North Rankin off W. Australia
    The Woodside Petroleum-led North West Shelf gas project joint venture has made its final investment decision to go ahead with the North Rankin B platform development off Western Australia.
  • 03/28/2008 -- Rig count rebounds to high for 2008
    US drilling rebounded by 24 rotary rigs to 1,808 working this week, up from 1,650 in the same period a year ago and the largest number of active units so far in 2008, said Baker Hughes.
  • 03/25/2008 -- Armed clashes halt operations at Pluspetrol Peruvian block
    Armed clashes between protestors and security forces at the facilities of Argentina's Pluspetrol Norte in Peru's northeastern Loreto region have resulted in the suspension of operations Mar. 20 at Block 1AB.
  • 03/21/2008 -- 'You talk about the price of oil – yeah, it's high'
    President George W. Bush, following his Mar. 14 address to the Economic Club of New York, as part of a response to a question about oil and other rising prices.
  • 03/19/2008 -- TPAO producing gas from Ayazli field
    Operator Turkish Petroleum has begun producing natural gas from Ayazli gas field in the Black Sea off Turkey, reported partner Stratic Energy.
  • 03/18/2008 -- IEA: Non-OPEC output decline rates lower than believed
    The combined production decline rate for countries outside OPEC is steadier and less steep than is generally believed, according to IEA.
  • 03/14/2008 -- US rig count slumps by 10 units
    US drilling dipped by 10 rotary rigs to 1,792 drilling this week, up from 1,740 during the same period a year ago.
  • 03/14/2008 -- UK Chancellor changes decommissioning tax rules
    North Sea operators are welcoming tax changes by the UK Chancellor that aim to extend the life of marginal oil fields.
  • 03/13/2008 -- StatoilHydro extends drilling contracts
    StatoilHydro signed separate drilling contract extensions with KCA Deutag Drilling Norge, Seawell Norge, and Odfjell Drilling.
  • 03/12/2008 -- Pakistan firm signs rig deal
    Petroleum Exploration (Pvt.) Ltd., operator, signed a long-term contract with Weatherford Drilling International for a new National Oilwell Varco 1,500-hp IDEAL drilling rig.
  • 03/10/2008 -- US rig count increases by 39 units
    US drilling climbed to an 11-week high with an increase of 39 rotary rigs to 1,802 working this week, up from 1,757 during the same period in 2007, Baker Hughes Inc. reported.
  • 03/06/2008 -- Indian firms in talks to secure Canadian oil sands stake
    In an attempt to secure oil supplies for its refineries and strengthen India's energy security, state-owned IOC said it is looking to acquire equity stakes in oil sands blocks in Canada.
  • 03/04/2008 -- Sakhalin-2 partners seeking swifter financing
    Sakhalin-2 gas and oil project parterns have reported they are no longer seeking loans from the US Ex-Im Bank or the UK's Export Credits Guarantee Department due to possible delays on loan decisions.

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