More Drilling Operations News

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.

Upper East Coast US Senate, House members oppose Atlantic leasing

Apr 23, 2015

Observing both Earth Day and the fifth anniversary of the Macondo deepwater well accident and crude oil spill, US Senate and House members—largely Democrats from Northeastern and Mid-Atlantic states—introduced bills to stop federal offshore oil and gas leasing off the Atlantic coast.

CERAWeek: Company, industry have transformed since Macondo, BP CEO says

Apr 22, 2015

This week marked the 5-year anniversary of the Deepwater Horizon explosion in the deepwater Gulf of Mexico that took 11 lives and resulted in the costliest oil spill in US history, a somber occasion of which Bob Dudley, BP PLC chief executive officer since the aftermath of the incident, took a moment to remember during an Apr. 21 IHS CERAweek luncheon.

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

Apr 22, 2015

Leaders of prominent US shale producers came together on Apr. 21 to drive home a point that’s emerged as a primary theme during this year’s IHS CERAWeek in Houston: The urgent need to lift the export ban on US crude oil.

CSIS forum: More cooperation needed to address Arctic challenges

Apr 17, 2015

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

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