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Drilling Production 2008 P

  • Sat May 10 21:05:00 CDT 2008 -- KCA Deutag wins $100 million in drilling contracts
    European and Russian oil and gas operators have awarded drilling contractor KCA Deutag five contracts valued at a total of more than $100 million for land drilling and extensions of existing drilling contracts.
  • Mon May 12 16:05:00 CDT 2008 -- Shell starts gas production from Shamrock in North Sea
    Shell UK Ltd. reported production start-up May 12 from Shamrock field in the North Sea, the third new Shell-operated North Sea field to begin production this year.
  • Wed May 14 09:05:00 CDT 2008 -- OTC: ABS adopts new FPSO structural requirements
    ABS is adopting new structural requirements for FPSO units in a soon-to-be-released major revision and update of the society's Guide for Floating Production Installations.
  • Wed May 14 09:05:00 CDT 2008 -- Blake to buy Pride platform rigs for $66 million
    Pride International Inc., Houston, signed a definitive agreement to sell its fleet of platform rigs and related equipment to Blake International LLC for $66 million.
  • Wed May 14 15:05:00 CDT 2008 -- Indonesia to reduce oil imports, raise production
    Indonesia, facing widespread public protests over planned fuel price hikes, aims to lower its costs by reducing imported oil and increasing the country's production to 1.2-1.5 million b/d by 2010.
  • Thu May 15 10:05:00 CDT 2008 -- Shell, Repsol-YPF drop Iranian gas development plans
    Royal Dutch Shell PLC and Repsol-YPF SA have suspended plans to develop Phase 13 of South Pars gas field in Iran as relations between the US and Iran deteriorate and development costs rise.
  • Thu May 15 16:05:00 CDT 2008 -- Parker Drilling planning two newbuild arctic land rigs
    A BP PLC subsidiary signed a letter of intent with a Parker Drilling Co. subsidiary for a drilling contract in Alaska requiring two newbuild land rigs.
  • Fri May 16 00:05:00 CDT 2008 -- Senate, House separately approve bills to suspend SPR oil purchases
    The Senate overwhelmingly approved a bill to suspend crude oil purchases for the Strategic Petroleum Reserve unless prices fall below $75/bbl. The House passed its own bill a few hours later.
  • Fri May 16 00:05:00 CDT 2008 -- Wyoming Range bill is not just another federal land lockup
    When the Senate Energy and Natural Resources Committee sent 45 public land, forest, park and water bills to the floor on May 7, the measures included a bill to close 1.2 million federal acres in Wyoming to future oil and gas leasing.
  • Fri May 16 16:05:00 CDT 2008 -- Gazprom winter gas production beats previous year's
    OAO Gazprom increased its natural gas production in the first 4 months of 2008, the Russian company announced earlier this week.
  • Sat May 17 08:05:00 CDT 2008 -- Oilexco lets UK North Sea subsea work to Technip
    Oilexco North Sea Ltd. has signed a framework agreement with Technip SA for engineering, project management, and construction services for subsea developments at its Shelley oil field and other fields in the UK North Sea.
  • Tue May 20 16:05:00 CDT 2008 -- Norway cuts 2008 oil production forecast
    Norway has revised its oil production forecast for 2008 to 2.4 million b/d—down from the previous projection of 2.5 million b/d—in its revised budget for this year.
  • Thu May 22 16:05:00 CDT 2008 -- Gupco starts production from Egypt's Saqqara field
    Gulf of Suez Petroleum Co. is delivering more than 30,000 b/d of oil from offshore Egyptian Saqqara field in the Gulf of Suez and will start gas production shortly.
  • Fri May 23 00:05:00 CDT 2008 -- Kempthorne says polar bear is threatened, but not endangered, species
    The polar bear will be listed as a threatened species under the federal Endangered Species Act, US Interior Secretary Dirk A. Kempthorne announced.
  • Fri May 23 12:05:00 CDT 2008 -- AWE extends FPSO charter
    Sydney-based Australian Worldwide Exploration Ltd. negotiated a 14.5-year extension on its charter for the FPSO Umuroa for its Tui oil field in the offshore Taranaki basin of New Zealand.
  • Fri May 23 15:05:00 CDT 2008 -- US drilling exceeds 22 year high
    US drilling activity broke a 22-year record the week ended May 23, with 1,889 rotary rigs working, the most since Jan. 3, 1986 when Baker Hughes Inc. reported 1,983 units active.
  • Fri May 23 16:05:00 CDT 2008 -- Mexico's oil output continues to recede
    State-owned Petroleos Mexicanos said the country's production and exports of crude oil fell sharply in first-quarter 2008 as output continues to recede at Cantarell, the country's main oil field.
  • Tue May 27 16:05:00 CDT 2008 -- China gas wells back on stream after earthquake
    China Petroleum & Chemical Corp. (Sinopec) said 97% of its natural gas wells in Sichuan Province have resumed production after the earthquake 2 weeks ago.
  • Wed May 28 15:05:00 CDT 2008 -- Burullus lets Sequoia field development contract
    Burullus Gas Co. let a contract to Saipem SPA for subsea development of Sequoia field, which lies 130 km northeast of Alexandria, Egypt, in 70-570 m of water.
  • Wed May 28 15:05:00 CDT 2008 -- Total lets pipeline, platform contracts off Angola
    Total E&P Angola has contracted Saipem SPA to install a natural gas pipeline and injection platform off Angola.

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