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Drilling Production 2008 P5

  • 02/18/2008 -- Petrobras lets contract for P-57 FPSO unit
    Petrobras reported signing a $1.195 billion turnkey contract for the construction of the P-57 FPSO unit with Single Buoy Moorings.
  • 02/19/2008 -- BPZ Energy working to restart oil production off Peru
    BPZ Energy expects to restart production of its 21XD and 14D wells in Corvina field off Peru within 3 weeks. The wells were shut in following an accident involving a BPZ-chartered tanker.
  • 02/25/2008 -- US drilling dips; Canada increases
    US drilling activity dipped lower during the week ending Feb. 22 with 1,771 rotary rigs working, said Baker Hughes Inc.
  • 02/26/2008 -- Neptune Marine to buy, reactivate semi
    Neptune Marine Oil & Gas Ltd., Nicosia, has agreed to buy the Atlantic Venture semisubmersible drilling rig, former Sedco 708, and plans to reactivate it.
  • 02/27/2008 -- Aramco lets contract for Tarzan-class rig
    Saudi Aramco has let a 3-year drilling contract to Rowan Cos. Inc. for offshore work starting in the second quarter.
  • 02/28/2008 -- Total subsidiary orders superlarge FPSO
    Elf Petroleum Nigeria has awarded Hyundai Heavy Industries a turnkey project to build a superlarge FPSO vessel valued at $1.6 billion.
  • 02/29/2008 -- US drilling slips 8 units
    US drilling activity slipped to 1,763 rotary rigs the week ended Feb. 29, 8 less than the previous week but up from 1,752 during the same period last year, said Baker Hughes.
  • 03/03/2008 -- Transneft to start ESPO export terminal this month
    Russia's state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company officials.
  • 03/03/2008 -- Yemen to raise oil production by 2010
    Yemen plans to increase its oil production to 500,000 b/d by 2010 from the current 317,000 b/d, according to the country's oil minister, Khaled Bahah.
  • 03/04/2008 -- Pemex to boost output in declining Cantarell field
    Average output at Mexico's Cantarell oil field will decline by as much as 20% this year as the field matures, a Petroleos Mexicanos executive reported.
  • 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.
  • 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.
  • 03/10/2008 -- 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.
  • 03/12/2008 -- 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.
  • 03/13/2008 -- StatoilHydro extends drilling contracts
    StatoilHydro signed separate drilling contract extensions with KCA Deutag Drilling Norge, Seawell Norge, and Odfjell Drilling.
  • 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.
  • 03/14/2008 -- 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.
  • 03/18/2008 -- 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.
  • 03/19/2008 -- 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.
  • 03/21/2008 -- '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.

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Originally recorded live from SPE/IADC in Amsterdam, this webcast and press event is now available for on demand viewing. 

Halliburton announces the results of a twelve-month, multi-pilot project to document and begin the global roll-out of this integrated workflow approach. Case studies are presented to show how the workflow was applied to integrate traditionally-siloed people, processes and technology to drive improved performance for multiple operators. Following the opening presentation will be executive presentations and discussion on what operators and service companies must do to drive this change, and how technology innovation is pushing continued improvements in performance.

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Thu, Feb 24, 2011

Oil & Gas Journal Editor Bob Tippee discusses key influences in the global and US oil markets based on data published in the annual Forecast and Review special report.

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