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Drilling Production 2008 P

  • 12/12/2008 -- US rotary rig count continues to fall
    US drilling activity continued to decline this week, down 62 to 1,790 rotary rigs still working, compared with 1,824 during the same period a year ago, according to the latest count by Baker Hughes.
  • 12/12/2008 -- Santos Brantas distances itself from Indonesian mudslide
    Santos Brantas has agreed to transfer its 18% minority interest in the Brantas PSC in Indonesia to Minarak Labuan.
  • 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.
  • 12/02/2008 -- 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.
  • 11/25/2008 -- 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.
  • 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.
  • 11/18/2008 -- 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.

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