More Drilling Operations News

OTC: New IADC well-control training program targets individual jobs

May 6, 2015

An industry-wide collaboration enabled the International Association of Drilling Contractors to develop a new well-control training and assessment program that is targeted toward an individual’s actual job, IADC executives told an Offshore Technology Conference news briefing May 6 in Houston.

OTC: BSEE director says industry on probation as far as public trust

May 6, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

OTC: Shell determined to proceed with drilling in US Arctic

May 6, 2015

Despite numerous regulatory hurdles and impassioned resistance from environmentalists, Royal Dutch Shell PLC maintains that it is on track to drill two wells in the Chukchi Sea during drilling season this summer.

EOG Resources posts $170-million 1Q net loss

May 4, 2015

EOG Resources Inc., Houston, reported a first-quarter net loss of $169.7 million, down from net income of $660.9 million during first-quarter 2014.

OTC: BP’s Dupree outlines new model for offshore technology development

May 4, 2015

Operators are changing their approach to offshore technology development because of its increasing scale and pace, said James Dupree, BP’s chief operating officer, reservoir development technology.

GOM REVENUE SHARING-3 Forecast sheds light on GOMESA Phase II expected revenues

May 4, 2015

The second phase of Gulf of Mexico Energy Security Act of 2006 (GOMESA) revenue sharing will begin in 2017 and specifies that 37.5% of qualified revenues from Outer Continental Shelf (OCS) leases issued after Dec. 20, 2006, will be shared with gulf producing states, subject to an annual cap of $375 million.

BHI: US rig count loses 27 units, down 1,015 units since Dec. 5

May 1, 2015

The US drilling rig count fell 27 units—all on land—to 905 rigs working during the week ended May 1, according to data from Baker Hughes Inc. The count has now plunged 1,015 units over 21 weeks since the week ended Dec. 5.

ExxonMobil 1Q earning down 46% year-over-year

Apr 30, 2015

ExxonMobil Corp. reported first-quarter earnings of $4.9 billion, down from $9.1 billion during first-quarter 2014 due in part by upstream losses in the US. The total, however, exceeded analyst expectations.

PDO signs $600 million contract for small fields in Oman

Apr 30, 2015

Petroleum Development Oman reported signing a $600 million contract to continue developing 18 small and marginal fields in southern Oman.

Hess reports 1Q net loss of $389 million, trims budget

Apr 29, 2015

Hess Corp. reported a net loss of $389 million during the first quarter compared with net income of $386 million in first-quarter 2014. An adjusted net loss of $279 million was down from an adjusted net income of $446 million in first-quarter 2014.

BP starts 7-year West of Shetland drilling program

Apr 29, 2015

BP PLC, on behalf of the Schiehallion co-venturers Royal Dutch Shell PLC and OMV AG, reported the start of drilling in Loyal field by Odfjell Drilling’s newbuild Deepsea Aberdeen semisubmersible rig, marking the start of a 7-year drilling campaign west of Shetland.

BLM seeks comments on QEP’s proposed gas, helium processing project

Apr 28, 2015

The US Bureau of Land Management is seeking public comments on QEP Resources Inc.’s plans to build a natural gas and helium processing plant in the Dry Piney Creek area 10 miles northwest of LaBarge, Wyo. Information received will be used to help prepare an environmental assessment of the proposed project, BLM’s Pinedale field office said in an Apr. 20 notice.

Colorado joins two other states in lawsuit against BLM’s fracturing regs

Apr 27, 2015

Colorado state officials joined the states of Wyoming and North Dakota in a lawsuit questioning the US Bureau of Land Management’s new rules for hydraulic fracturing for onshore drilling on tribal and federal public lands.

BHI: US rig count drops 22 units in 20th straight week of losses

Apr 24, 2015

The US drilling rig count fell 22 units to 932 rigs working during the week ended Apr. 24, marking the 20th consecutive week of declines, according to data from Baker Hughes Inc.

Diligence essential to avoid future offshore mistakes, panel told

Apr 23, 2015

The offshore oil and gas industry—as well as the federal agencies that regulate it—must remain diligent to avoid the mistakes that led up to the Macondo deepwater well blowout and crude oil spill 5 years ago, witnesses told the US House Natural Resources Committee.

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