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Drilling Production 2008 P16

  • 11/07/2008 -- As BLM completes Utah resource plans, possible December lease sale draws fire
    New resource management plans for five of the US Bureau of Land Management's six Utah field offices received final approval on Oct. 31, while the sixth is being reviewed at the US Department of the Interior.
  • 11/07/2008 -- US rig count hits 6-week high
    US drilling activity climbed by 21 rotary rigs to 1,992 units drilling this week—the highest count in 6 weeks—vs. 1,801 working in the same period a year ago, said Baker Hughes Inc.
  • 11/10/2008 -- Italian Castello gas field development approved
    Italy has granted Sydney-headquartered producer Po Valley Energy Ltd. a 20-year production concession for Castello gas field near Milan.
  • 11/10/2008 -- Pakistan to privatize Qadirpur gas field
    Pakistan Prime Minister Yousuf Raza Gilani has approved a plan to privatize Qadirpur gas field.
  • 11/10/2008 -- Saudi output dominance to continue, analyst says
    Saudi Arabia will account for 20.93% of Middle Eastern regional oil demand by 2012 while providing a dominant 40.71% of supply, according to a recent analyst report.
  • 11/11/2008 -- Vaalco restarts production off Gabon
    Vaalco Energy has successfully upgraded its FPSO vessel off Gabon and restored production from its oil fields sooner than expected.
  • 11/12/2008 -- Mexico's oil production drops, but gas rises
    Mexico will account for 26.1% of Latin America's regional oil demand by 2012 while providing 28.34% of supply, according to a recent analyst report.
  • 11/13/2008 -- StatoilHydro assesses Statfjord oil spill impact
    StatoilHydro did not cause any obvious harm to the environment with the December 2007 oil spill from the Statfjord platform in the Norwegian North Sea, according to the environmental report on the spill.
  • 11/13/2008 -- Aussie bill sets up CO2 sequestration framework
    The petroleum industry has approved passage of Australia's Offshore Petroleum Amendment Bill, which establishes the world's first regulatory framework for carbon dioxide capture and storage (CCS).
  • 11/16/2008 -- US drilling activity falls
    US drilling activity fell by 51 rotary rigs to 1,941 working, up from 1,797 during the same period last year, said Baker Hughes Inc.
  • 11/18/2008 -- Fort Hills Energy defers oil sands project decision
    Officials of Fort Hills Energy said they will defer until 2009 a final investment decision on a bitumen upgrader at an integrated oil sands project near Fort McMurray, Alta.
  • 11/18/2008 -- BLM finalizes oil shale regulations
    The US Bureau of Land Management published final regulations on Nov. 17 to establish a commercial oil shale development program on public lands in Colorado, Utah, and Wyoming.
  • 11/19/2008 -- StatoilHydro lets Leismer oil sands contract
    StatoilHydro Canada Ltd. has let a $41 million construction contract to Flint Energy Services Ltd. to develop its Leismer Oilsands demonstration project, 160 km south of Fort McMurray, Alta.
  • 11/21/2008 -- US rig count remains unchanged
    US drilling activity was unchanged this week with 1,941 rotary rigs working, compared with 1,773 active rigs during the same period in 2007, said Baker Hughes Inc.
  • 11/21/2008 -- Saskatchewan THAI demonstration test slated
    Petrobank and True Energy Trust announced plans to demonstrate the effectiveness of toe-to-heel air injection to recover conventional heavy oil from a +10-m thick Mannville channel reservoir in Kerrobert field, Sask.
  • 11/24/2008 -- Arrow to develop CSM project in China
    Arrow Energy Ltd., Brisbane, has extended its operations in China by signing a heads of agreement with Bin Chang Mining Group to develop coal seam methane in Shaanxi Province.
  • 11/25/2008 -- Nexus cancels Crux FPSO order; seeks asset buyer
    Nexus Energy and its JV partner Osaka Gas of Japan have terminated an MOU with Vanguard Oil & Gas and Viking Shipping for the supply of an FPSO vessel for the Crux liquids project off Western Australia.
  • 11/26/2008 -- US drilling rig count drops 75 units
    The US rig count plunged this week, down 75 units to 1,866 rotary rigs still working, in the biggest 1-week drop in some years.
  • 11/28/2008 -- CSIS to host discussion of IEA's new World Energy Outlook
    Richard H. Jones, deputy executive director of the International Energy Agency, and Fatih Birol, IEA's chief economist, will discuss the organization's new World Energy Outlook at the Center for Strategic and International Studies at 1800 K Street NW at 10 a.m. on Nov. 24.
  • 11/28/2008 -- House Democrats won't try to restore OCS moratoriums, majority leader says
    US House Democratic leaders will not try to reimpose offshore oil and gas leasing moratoriums which expired at the end of September, Majority Leader Steny H. Hoyer (D-Md.) said on Nov. 18.
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