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Drilling Production 2010 P2

  • 12/16/2010 -- Saudi Aramco to boost Shaybah production
    Saudi Aramco let contracts worth nearly $500 million to GE Energy for equipment to expand Shaybah field’s oil production and natural gas-processing capacities.
  • 12/16/2010 -- Statoil shuts down Kristin platform in Norwegian Sea
    Statoil shut down Kristin platform in the Norwegian Sea because workers detected higher-than-acceptable temperature outside an exhaust duct on a gas turbine.
  • 12/15/2010 -- API endorses GWPC-IOGCC frac fluid disclosure proposal
    The American Petroleum Institute announced that it supports the state-based voluntary chemical registry that is being jointly developed by the Ground Water Protection Council and the Interstate Oil & Gas Compact Commission.
  • 12/14/2010 -- Pride International to build ultradeepwater drillship
    Pride International Inc. plans to build another ultradeepwater drillship, which is the fifth that the drilling contractor has ordered since 2007.
  • 12/10/2010 -- US drilling activity continues to rise
    US drilling activity continued climbing this week from a 2-year high, up by another 10 rotary rigs to 1,723 working, compared with 1,161 active units in the same period a year ago, Baker Hughes Inc. reported.
  • 12/10/2010 -- Four-pile jacket ordered for Gulf of Mexico Riker prospect
    Arena Offshore LP let a contract to a subsidiary of McDermott International Inc. for the construction and installation of a four-pile, bottom-founded jacket for the Riker prospect in 275 ft of water on Eugene Island Block 338 in the Gulf of Mexico.
  • 12/09/2010 -- BHP Billiton lets contract for Macedon development
    BHP Billiton has awarded to Oceaneering International the contract for umbilicals and distribution equipment for the $1.5 billion Macedon natural gas field development in retention lease WA-12-R off Western Australia.
  • 12/09/2010 -- Colombia lets contract for unconventional resources development
    Colombia’s National Planning Department let a contract to Petroleum Development Consultants (PDC), London, to develop the model contract and technical regulations for the development of the country’s unconventional resources.
  • 12/08/2010 -- Gulf of Suez well tests 1,700 b/d of light oil
    National Petroleum Co., Cairo, said a new well in Shukheir Bay field in the Gulf of Suez about 125 km north of Hurghada, Egypt, has flowed 1,700 b/d of 41° gravity oil during tests.
  • 12/07/2010 -- Ithaca Energy advances Athena field development
    Ithaca Energy (UK) Ltd. let contracts for installation of subsea equipment and a floating production, storage, and offloading mooring system for Athena field development in the UK North Sea.
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Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

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Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

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