Mexico’s state-owned Petroleos Mexicanos and the Secretaria de Energia (Sener) are preparing risk contracts that will be offered to oil companies—international and domestic—in order accelerate the search for oil and gas, according to local media.
US drilling activity increased for the fifth consecutive week, up by 12 rotary rigs to 1,113 working but still well below the 1,941 units drilling during the comparable week a year ago, Baker Hughes Inc. reported.
A third production well is under study for West Don field in the UK North Sea, 150 km northeast of the Shetland Islands.
El Paso Corp. let contract to MicroSeismic Inc. for a buried-array seismic monitoring program in its Haynesville shale development program south of Shreveport, La.
Brigham Exploration Co., Austin, and US Energy Corp., Riverton, Wyo., reported high initial production rates from their first three completions in a six-well program in the Williston basin’s Bakken shale oil play.
US drilling activity continued to increase for the fourth week, up by 23 rotary rigs to 1,101 working but still well below the 1,941 units drilling during the comparable week a year ago, Baker Hughes Inc. reported.
Suncor Energy Inc. will resume investment in the 50%-complete third stage of its Firebag in situ development in the oil sands of Alberta.
Authorities in India approved the development plan for Deen Dayal West gas-condensate field in the Krishna Godavari basin off eastern India.
Decreasing activity and project delays off the UK are raising concerns in the country’s subsea industry.
Although the oil sands industry will continue to develop in Alberta despite the jolt it received when oil prices plunged last year, total Canadian oil exports to the US face constraints, according to a study by the Center for Global Energy Studies, London, and Geopolitics Central, Calgary.
Chevron Corp. and partner China National Petroleum Corp. (CNPC) were given approval by the Chinese government to proceed with the development of the Chuandongbei (CDB) Natural Gas Project, which includes the Tieshanpo, Dukouhe, Qilibei, Gunziping and Luojiazhai gas fields.
Tenaska Energy Inc., Omaha, has let a contract to Siemens Energy for coal gasification technology at the planned Taylorville Energy Center (TEC), one of the first commercial-scale facilities of its kind in the US to use carbon capture and sequestration.
Eni SPA has started development of deepwater Appaloosa oil field in what it calls the Greater Longhorn area of the Gulf of Mexico.
The Australian government’s Commission of Inquiry will have the powers and authority of a Royal Commission in investigating into the Montara platform incident in the Timor Sea, according the Australian Resources and Energy Minister Martin Ferguson.
US drilling activity increased another 9 units this week with 1,078 rotary rigs working the week ended Nov. 6.
The Petroleum Services Association of Canada (PSAC) expects the oil and gas industry to drill 8,000 wells in Canada during 2010.
Rio Napo, a 70-30 joint venture of Ecuador's state oil company Petroecuador and Venezuela’s Petroleos de Venezuela SA (PDVSA), has begun operating Sacha oil field in Ecuador's Amazon.
The US Bureau of Land Management has begun collecting a $6,500 processing fee for each new oil and gas drilling permit application.
The realistic scenario in the latest Canadian Energy Research Institute outlook expects Alberta oil sands production to increase to 1.7 million b/d by 2015, 2.5 million b/d by 2020, 4.5 million b/d by 2030 before reaching a peak of 5.3 million b/d in 2041.
Thai company PTTEP Australasia has finally managed to plug the oil leak from a well drilled from its Montara oil and gas field platform in the Timor Sea and in the process snuff out a damaging fire that had broken out engulfing the platform and the West Atlas jack up drilling rig directly above it.
