More Oil & Gas Drilling and Production News

Shell seeks 5-year extension on leases in Beaufort, Chukchi seas

Nov 3, 2014

Shell Offshore Co. has requested a 5-year extension of its federal offshore leases in the Beaufort and Chukchi seas offshore Alaska.

Survey explains industry trends

Nov 3, 2014

Energy executives believe that the rate of innovation in the industry is increasing and the innovations that use a variety of new or existing technologies will bring the most dramatic change, according to the 2014 Oil & Gas Technology Radar survey conducted by Lloyd's Register Energy.

EIA: US crude oil exports, re-exports climb

Nov 3, 2014

According to the latest data from the US Census Bureau, US exports of crude oil reached 401,000 b/d in July-the highest level in 57 years and the second-highest monthly export volume for the US Energy Information Administration's records dating back to 1920.

Interpretation-ready datasets unlock exploration, development potential

Nov 3, 2014

Correctness, accuracy, and precision of raw data are critical for accurate petrophysical analysis; otherwise the interpretation of the rocks and fluids that comprise layers in the subsurface could lead to unprofitable development decisions.

Permian basin production proves ROZ viability

Nov 3, 2014

Permian basin operators are re-evaluating residual oil zones (ROZs) as viable targets for tertiary oil recovery, generally through CO2 injection. Several pilots and full-field applications are under way to evaluate these long-overlooked resources.

Nelson-Farrar monthly cost indexes

Nov 3, 2014

BHI: US rig count makes gains in Kansas, modest rise overall

Oct 31, 2014

The US drilling rig count edged up 2 units to reach 1,929 rigs working during the week ended Oct. 31, Baker Hughes Inc. reported.

AEP unit to acquire Wolfcamp acreage for $726 million

Oct 30, 2014

American Energy–Permian Basin LLC (AEPB), an affiliate of Oklahoma City-based American Energy Partners LP (AEP), has completed or entered into definitive agreements with multiple parties to acquire acreage in the Wolfcamp shale of the central Midland basin, primarily in Reagan County, Tex., for $726 million.

Report for API quantifies new technologies’ 2013 US economic benefits

Oct 30, 2014

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

Induced seismicity research effort identifies information gaps

Oct 30, 2014

A federally coordinated effort to determine whether oil and gas activities are related to growing reports of induced seismic activity has identified several information gaps that need to be closed, speakers said during an Oct. 30 briefing at the US Energy Association.

Hibiscus, 3D Oil close on sale of license offshore Victoria

Oct 30, 2014

3D Oil Ltd., Melbourne, has completed the sale of its interests in Victorian offshore production licence Vic/L31 to Malaysian’s Hibiscus Petroleum Bhd.

Empire Oil & Gas transits from explorer to producer

Oct 29, 2014

Empire Oil & Gas Ltd., Perth, has been granted production leases over two previously designated exploration areas incorporating the Red Gully and Gin Gin gas fields and the Red Gully gas processing facility in the North Perth basin onshore Western Australia.

MARKET WATCH: NYMEX oil prices gain modestly pending inventory report

Oct 29, 2014

Crude oil prices for December delivery rose modestly on the New York market Oct. 27 pending the weekly government petroleum inventory report, which showed another gain in US oil supplies, and industry spokesmen discussed how low oil prices might slow tight-oil production.

Hess to develop deepwater gulf oil field

Oct 29, 2014

Production is to begin in 2018 from deepwater Stampede oil field in the Gulf of Mexico under a development plan approved by operator Hess Corp. and partners.

Contract let for deepwater development offshore Nova Scotia

Oct 28, 2014

The government of Nova Scotia has let a contract to Petrofac for a development study on a prospective offshore oil reservoir lying 3,000 m beneath the seabed in 2,000 m of water. The project will be led by Petrofac’s subsea engineering business K W Subsea.

Market Connection

PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate 45,000 BPD, Production: 2,500 short tons per day. Two drums 29’diameter each, chrome steel, stainless lined. Fractionator is 16’ dia x 110’ partially stainless lined. Additional Oil Refinery Process Units Available: Crude Units, Hydrotreaters, Sulfur Recovery Units, Visbreaker Hydrogen plants and twonew  coke drums, unused, stored west coast. Contact: carlvalentino21@gmail.com , 832.723.7545

Coker Unit For Sale

Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate...
process units at aruba

FOR SALE:Process Units at Aruba

Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate...
sulphur recovery unit

FOR SALE: Sulphur Recovery Unit

For Sale: Sulphur Recovery Unit F/E 3,074 sf ea. 2,130 psi shell, 347ss 1,955 psi tubes, 321 ss, UNUSED $300,000 each, SRU 48TPD w/Tail Gas Treater...
Stay Connected