More Oil & Gas Drilling and Production News

Baker Hughes: US drilling rig count declines to 1,854

Jun 13, 2014

The US drilling rig count dropped 6 units for the second consecutive week, settling at 1,854 rigs working during the week ended June 13, Baker Hughes Inc. reported.

WoodMac: NorAm oil output increases to outpace Middle East 4:1 by 2020

Jun 12, 2014

By 2020, increases in North American oil production will outpace that of the Middle East by 4:1 on a per barrel basis, and by 2030, North American output will increase by 390 million tonnes of oil equivalent (mtoe) from 650 mtoe in 2009, according to long-term analysis of global energy trends by Wood Mackenzie.

RPSEA aids seismic, well planning research

Jun 12, 2014

The Research Partnership to Secure Energy for America will provide $1.9 million to a wholly owned subsidiary of the Society of Exploration Geophysicists for joint-industry research into the use of seismic data in well planning.

CLOV development starts up offshore Angola

Jun 12, 2014

Total SA and partners have started up the four-field CLOV development in deep water offshore Angola with production capacity of 160,000 b/d of oil.

Catcher development approved offshore the UK

Jun 12, 2014

A group led by Premier Oil PLC has received government approval for development of three oil and gas fields in the Catcher area of the UK Central North Sea.

Osum to purchase Orion project from Shell for $325 million (Can.)

Jun 11, 2014

Osum Oil Sands Corp., Calgary, plans to purchase the Orion oil sands project in Alberta from Shell Canada for $325 million (Can.).

EIA: US oil production in 2015 expected to be highest since 1972

Jun 10, 2014

Total US crude oil production in 2015 will reach its highest level since 1972, the US Energy Information Administration forecasts in its Short-Term Energy Outlook (STEO) released June 10. Production, which averaged 7.4 million b/d in 2013, is expected to average 8.4 million b/d in 2014 and 9.3 million b/d in 2015.

CAPP eases outlook for Canadian oil output

Jun 10, 2014

Oil production in Canada will increase at an average rate of 175,000 b/d/year through 2030—but not to as high a level as was forecast a year ago, reports the Canadian Association of Petroleum Producers.

Halcon boosts Tuscaloosa Marine shale work

Jun 9, 2014

Halcon Resources Corp., Houston, plans this year to spud 10-12 operated wells in the Tuscaloosa Marine shale (TMS) and to participate in 15-20 other wells in the play. To support the work, it has signed a definitive agreement with affiliates of Apollo Global Management LLC (AGM), New York, for investment of as much as $400 million.

EIA: Light, sweet crude from tight formations source of US oil production increases

Jun 6, 2014

About 96% of the 1.8-million b/d growth in US production during 2011-13 consisted of light, sweet crude grades with API gravity of 40° or higher and sulfur content of 0.3% or less, the US Energy Information Administration reported on June 6.

Baker Hughes: US drilling rig count decreases to 1,860

Jun 6, 2014

The US drilling rig count dropped 6 units to 1,860 rigs working during the week ended June 6, Baker Hughes Inc. reported.

Summail gas field starts flow in Kurdistan

Jun 5, 2014

DNO International ASA, Oslo, has started production of natural gas from Summail field in Kurdistan, northern Iraq.

API: Industry made strides in offshore safety since Macondo

Jun 5, 2014

The American Petroleum Institute asked the US Chemical Safety Board to consider what API calls industry’s progress on offshore safety since the Apr. 20, 2010, deepwater Macondo well blowout and massive oil spill in the Gulf of Mexico.

Construction begins on Uintah basin crude upgrader

Jun 5, 2014

FUELogistics Inc. has started construction on an oil upgrader in Duchesne, Utah, specifically designed to process waxy crude sourced from the state’s Uintah basin.

CSB reports unrecognized pipe buckling contributed to Macondo oil spill

Jun 5, 2014

An incident similar to the 2010 deepwater Macondo well blowout and resulting oil spill still could occur, the US Chemical Safety Board reported June 5 in releasing its investigation findings into the 2010 incident.

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