Drilling Production 2008 P

12/05/2008 -- US drilling activity continues to fall
US drilling activity continued to decline with more producers laying down rigs in an uncertain economy, according to the latest count by Baker Hughes Inc.
12/05/2008 -- StatoilHydro withdraws plans for Canadian bitumen upgrader
StatoilHydro has dropped plans to develop a $16 billion (Can.) bitumen upgrader in Alberta because of soaring costs, poor global economic conditions, and a lack of legislative clarity.
12/05/2008 -- MMS announces actions against royalty-in-kind employees named in probe
US Minerals Management Service Director Randall B. Luthi announced actions on Nov. 21 against employees included in the recent royalty-in-kind program investigation by the US Department of the Interior's inspector general.
12/04/2008 -- Cepu oil production startup still on track
ExxonMobil's Indonesian subsidiary PT Mobil Cepu Ltd., which operates the Cepu block, said the failure to acquire land from local residents will not prevent the initiation of oil production on Dec. 10.
12/03/2008 -- North West Shelf JV approves oil redevelopment
The Woodside-led North West Shelf JV has approved a $1.8 billion (Aus.) redevelopment of Cossack, Wanaea, Lambert, and Hermes oil fields to support production beyond 2020.
12/03/2008 -- Shell sets record with Perdido offshore well completion
Shell Oil has has set a world water depth record in drilling and completing a subsea well 9,356 ft below the water's surface.
12/02/2008 -- Masdar lets contract for Abu Dhabi CCS
Masdar, an Abu Dhabi government initiative, let a front-end engineering and design contract to Mustang Engineering for Masdar's UAE carbon capture and storage (CCS) project.
12/01/2008 -- Saudi Aramco delays fourth development project
Saudi Aramco, continuing to review and delay development projects in the light of the global financial crisis, has cancelled plans for a $1.2 billion project to restart production from its historic Dammam oil field.
12/01/2008 -- Analyst sees Libya's oil, gas production rising
Libya will supply 17.37% of Africa's regional oil supply by 2012, while accounting for about 7.45% of African oil demand, according to a recent BMI analyst report.
12/01/2008 -- Horizon confirms Maari development budget increase
Horizon Oil, a minority interest holder in the Maari oil field development off New Zealand's Taranaki basin, has confirmed another 18% capex increase for the project, which now stands at $600 million.
12/01/2008 -- Po Valley wins Sillaro field production license
Po Valley Energy Ltd., Sydney, has been granted a second production license for gas development and production in Italy.
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.
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.
11/26/2008 -- 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.
11/26/2008 -- Oil flow starts from Indonesia's North Duri Area 12 field
PT Chevron Pacific Indonesia reported start of oil production Nov. 14 from Area 12 of Indonesia's North Duri field, where Chevron produces nearly half the nation's oil.
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.
11/24/2008 -- 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.
11/21/2008 -- 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.
11/21/2008 -- 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.
11/19/2008 -- 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.

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Drilling Production 2008 P