More Oil & Gas Drilling and Production News

Statoil lets jacket contract for Johan Sverdrup oil field

Jun 26, 2014

Statoil ASA has entered into a framework agreement with Kvaerner ASA for the delivery of jackets in the North Sea until 2020. The companies also will sign a letter of intent for the delivery of two jackets to Johan Sverdrup oil field, which lies in 110 m of water across production licenses 265, 501, and 502 in the Utsira High area in the Norwegian North Sea, 140 km west of Stavanger.

BNV-Norstra deal sets Montana gas drilling

Jun 25, 2014

Privately held BNV Energy LLC, Houston, has entered an agreement with Norstra Energy Inc., Spokane, to drill two natural gas wells and build a related gathering system to earn a 60% working interest in 5,382 acres in Northwest Montana.

Pemex lets contract in Ayatsil development

Jun 25, 2014

Pemex Exploration & Production has let a contract to GE Oil & Gas for the supply and installation of surface wellheads and trees at Ayatsil heavy oil field under development in the Campeche Sound offshore Mexico.

DNO suspends output from two Yemen blocks

Jun 24, 2014

DNO Yemen AS has suspended production totaling 3,400 b/d of oil gross from two blocks in Yemen after blockades by local groups restricted movement of equipment, supplies, and contractors.

Maersk advances work in Danish North Sea

Jun 24, 2014

Maersk Oil has let two contracts to Technip for work associated with gas lift in two small fields in the Danish North Sea connected to the Tyra oil and gas producing center, an area where it has a larger project under way.

Carrizo reports initial multiple-bench Niobrara downspacing results

Jun 23, 2014

Carrizo Oil & Gas Inc., Houston, recently started production from its first multiple-geological-bench downspacing pilot, consisting of 8 wells, in the company's Bringelson Ranch area in Weld County, Colo.

Oryx sells first offtakes from Demir Dagh in Iraq

Jun 23, 2014

Oryx Petroleum Corp. Ltd., Calgary, has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq.

Petrobras' aggregate presalt production reaches 343 million boe

Jun 20, 2014

Petroleo Brasileiro SA (Petrobras) reported that it reached 343 million boe in accumulated production from Brazil’s offshore presalt layer between September 2008 and April 2014. This news comes a month after the company reported surpassing 470,000 b/d in production from the Santos and Campos basins.

Baker Hughes: US drilling rig count up to 1,858

Jun 20, 2014

The US drilling rig count gained 4 units to reach 1,858 rigs working during the week ended June 20, Baker Hughes Inc. reported.

Kazakhstan approves extension to Tethys’ Kyzyloi contract

Jun 19, 2014

Kazakhstan’s Ministry of Oil & Gas has approved a 15-year extension to the Kyzyloi gas production contract belonging to Tethys Petroleum Ltd.

API: US production outpaced petroleum demand in May

Jun 19, 2014

US crude oil production in May increased 14.7% from May 2013 to 8.3 million b/d—the highest level for the month since 1987—according to a report from the American Petroleum Institute.

BLM seeks comments on EA for Koch’s proposed gas wells in Utah

Jun 19, 2014

The US Bureau of Land Management’s Vernal, Utah, field office is seeking public comments on an environmental assessment it conducted of Koch Exploration Co. LLC’s proposal to drill up to 135 natural gas wells in eastern Utah.

Crude prices could climb if Iraq instability persists, SAFE warns

Jun 19, 2014

Despite continuing US production increases, global crude oil prices could climb as much as $40/bbl if instability in Iraq persists, Securing America’s Future Energy (SAFE) warned in a recent report.

Nikaitchuq oil output reaches 25,000 b/d

Jun 19, 2014

Oil production has reached 25,000 b/d at Nikaitchuq field offshore Alaska’s North Slope, reports Eni SPA.

IEA: Global unconventional oil revolution to launch by decade’s end

Jun 17, 2014

By 2019, tight oil supply outside the US could reach 650,000 b/d, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, the International Energy Agency forecasts in its annual 5-year Oil Market Outlook released June 17.

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