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Drilling Production 2008 P

  • Thu Jan 17 10:01:00 CST 2008 -- CERA-IHS: Worldwide oil field decline rate at 4.5%/year
    The aggregate global decline rate for producing oil fields is 4.5%/year rather than the 8%/year sometimes cited in other studies, CERA and IHS Inc. reported.
  • Fri Jan 18 15:01:00 CST 2008 -- Rig count falls for 6th week
    US drilling activity continued falling for the sixth consecutive week, down 12 rotary rigs to 1,732, said Baker Hughes Inc.
  • Wed Jan 23 12:01:00 CST 2008 -- Petrobras lets ultradeepwater contracts for gulf fields
    Petrobras America has let two contacts worth a total $300 million to Technip for the development of the Cascade and Chinook gas fields in the Gulf of Mexico's Walker Ridge area.
  • Wed Jan 23 12:01:00 CST 2008 -- Pemex lets $683 million drilling contract to Halliburton
    Mexico's Petroleos Mexicanos has let a 3-year, $683 million contract to Halliburton Co. to manage the drilling and completion of 58 land wells in the southern region of Mexico.
  • Thu Jan 24 12:01:00 CST 2008 -- Aker Clean Carbon plans Karsto carbon capture unit
    Aker Clean Carbon and the Norwegian government will establish a 725 million kroner carbon dioxide capture and sequestration unit at Karsto on the west coast of Norway.
  • Thu Jan 24 13:01:00 CST 2008 -- Japex to boost Iwafune-oki oil, gas production
    Japex next month will begin operating a new production well at its Iwafune-oki oil and gas field off Niigata Prefecture.
  • Fri Jan 25 11:01:00 CST 2008 -- Kvitebjorn gas, condensate production resumed
    StatoilHydro has restarted gas and condensate production from Kvitebjorn field in the Norwegian North Sea after repairs were identified for the pipeline from the field to the Kollsnes processing plant.
  • Fri Jan 25 14:01:00 CST 2008 -- US rig count rises for first time in 7 weeks
    The US rotary rig count increased for the first time in 7 weeks, up 15 units from last week to 1,747 working this week, said Baker Hughes Inc.
  • Mon Jan 28 11:01:00 CST 2008 -- Eni to start Nikaitchuq oil production in 2009
    Eni SPA will spend $1.45 billion developing Nikaitchuq oil field off the North Slope of Alaska. Field production is scheduled to begin at yearend, 2009.
  • Mon Jan 28 11:01:00 CST 2008 -- Mexico's oil production down 5.3% in 2007
    Mexico's oil production fell by 174,000 b/d or 5.3% in 2007 to an average of 3.08 million b/d, according to state-owned Pemex.
  • Thu Jan 31 10:01:00 CST 2008 -- BPZ Energy-chartered tanker catches fire, sinks off Peru
    A Peruvian Navy tanker chartered by BPZ Energy Inc. of Houston caught fire and sank on Jan. 30.
  • Fri Feb 01 11:02:00 CST 2008 -- Suncor plans $20.6 billion oil sands expansion
    Suncor Energy is planning to invest $20.6 billion (Can.) to expand the oil production capacity at its oil sands operation north of Fort McMurray, Alta., by 200,000 b/d, to 550,000 b/d in 2012.
  • Fri Feb 01 14:02:00 CST 2008 -- Drilling activity in US, Canada continues to rise
    US rig activity continued to accelerate for the second straight week, with an additional 16 rotary rigs working the week ended Feb. 1, Baker Hughes reported.
  • Tue Feb 05 18:02:00 CST 2008 -- Total, PDVSA sign heavy oil agreements
    Total SA signed two joint study agreements with Petroleos de Venezuela SA (PDVSA) to appraise extraheavy oil reserves and assess a production project for Block Junin10 in Venezuela's Orinoco Belt.
  • Thu Feb 07 11:02:00 CST 2008 -- Mexico oil production decline to increase in 2010
    Mexico will face difficulties in producing crude oil over the coming 2 years, according to a media report, which claims that Cantarell and Ku-Maloob-Zaap (KMZ) fields will decline simultaneously in 2010.
  • Fri Feb 08 15:02:00 CST 2008 -- US rig count down by 8
    US drilling activity declined by 8 rotary rigs to 1,755 working this week, up from 1,731 in the same period a year ago, said Baker Hughes Inc.
  • Thu Feb 14 12:02:00 CST 2008 -- EnCana lets EPC contract for Deep Panuke field
    EnCana Corp. has let a $195 million engineering, procurement, construction, and installation contract to Acergy SA for offshore installation work on Canada's Deep Panuke field.
  • Fri Feb 15 12:02:00 CST 2008 -- UK subsea sector increases 30% in value
    The UK subsea oil and gas sector has grown by almost 30% in value to £4.3 billion in 2007, according to industry association Subsea UK.
  • Fri Feb 15 12:02:00 CST 2008 -- StatoilHydro leases deepwater drillship
    StatoilHydro AS will use the GSF Explorer ultradeepwater drillship to drill three exploration wells on Indonesia's Karama Block off West Sulawesi in late 2009.
  • Fri Feb 15 14:02:00 CST 2008 -- US rig count rebounds by 18
    US drilling activity rebounded, increasing 18 units with 1,773 rotary rigs working this week vs.1,746 during the same period in 2007, Baker Hughes Inc. reported.

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