More Drilling Operations News

BHI: US oil-directed rig count rises for fifth straight week

Aug 21, 2015

The overall US drilling rig count edged up 1 unit to 885 rigs working during the week ended Aug. 21, according to data from Baker Hughes Inc. The oil-directed count increased for the fifth straight week, rising 2 more units.

API: US petroleum demand up in July

Aug 21, 2015

Total petroleum deliveries, a measure of demand, rose 2.2% from July 2014 to average nearly 19.6 million b/d last month, according to the American Petroleum Institute’s most recent Monthly Statistical Report.

Statoil: Ministry approves PDO for first phase of Johan Sverdrup

Aug 21, 2015

Statoil ASA reported the plan for development and operation (PDO) for Johan Sverdrup field in the North Sea has been approved by Norway’s Ministry of Petroleum and Energy.

Drilling under way on first NPR-A oil development

Aug 20, 2015

ConocoPhillips has started drilling on the first oil development in the National Petroleum Reserve-Alaska (NPR-A).

Make Shell disclose offshore drilling risks, Senate members demand

Aug 20, 2015

Eleven US Senate Democrats and Independent Bernard Sanders (Vt.) asked the US Securities and Exchange Commission to make Royal Dutch Shell PLC disclose to the public and investors inherent risks offshore oil drilling poses if there is a spill or other environmental accident.

Oil production from Wassana to reach 10,000 b/d by yearend

Aug 17, 2015

Oil production has started from Wassana field in the G10/48 concession in the Gulf of Thailand, and operator KrisEnergy Ltd. expects peak production to reached 10,000 b/d by yearend as additional development wells are drilled and completed by the Key Gibraltar jack up rig. KrisEnergy became the operator of the G10/48 block in May 2014.

BHI: US oil rig count continues rise, but overall count unchanged

Aug 14, 2015

The overall US drilling rig count sat unchanged during the week ended Aug. 14, remaining at 884 rigs working, according to data from Baker Hughes Inc. Oil-directed rigs, however, continued their warm streak—albeit modestly—with a 2-unit gain.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 12, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

BHI: Boosted by another gain in oil rigs, total US rig count rises 10 units

Aug 7, 2015

The overall US drilling rig count gained 10 units during the week ended Aug. 7 to reach a total of 884 rigs working, according to data from Baker Hughes Inc. A total of 27 units has now gradually come online since the week ended June 19.

ExxonMobil continues Midland basin leasehold expansion

Aug 6, 2015

ExxonMobil Corp. has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland basin. Neither the seller nor the purchase price was disclosed.

BHI: Overall US rig count drops slightly, but oil rigs continue rise

Jul 31, 2015

A week after jumping by its highest margin since April 2014, the overall US drilling rig count lost 2 units during the week ended July 31 to settle at 874, according to data from Baker Hughes Inc.

BLM seeks comments on proposed Fidelity E&P Utah oil and gas project

Jul 30, 2015

The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles northwest of Moab, Utah.

Latest Texas Petro Index shows ‘economic disconnect’

Jul 29, 2015

The Texas Petro Index (TPI) for June indicates that crude oil and natural gas production and jobs estimates in the Lone Star State increased from May despite the unfavorable economic climate.

SSE E&P UK buys interest in West of Shetland fields for $876 million

Jul 29, 2015

SSE E&P UK Ltd. has agreed to acquire 20% interest in Laggan, Tormore, Edradour, and Glenlivet fields in the West of Shetland area from Total SA for $876 million.

BHI: US rig count jumps 19 units to 876

Jul 24, 2015

The US drilling rig count jumped 19 units to reach 876 during the week ended July 24, according to data from Baker Hughes Inc.

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