More Oil & Gas Drilling and Production News

Mubadala developing oil field offshore Thailand

Jan 15, 2014

Mubadala Petroleum expects to produce 10,000 b/d of oil from the first phase of development of Nong Yao field in the southern Gulf of Thailand.

Camac secures rig for Oyo drilling

Jan 15, 2014

Camac Energy Inc. has signed a long-term drilling contract with Northern Offshore Ltd. for the Energy Searcher drillship, covering an initial period of a year, with an option to extend the contract for an additional year.

CNOOC starts gas production at Liuhua 19-5 field

Jan 14, 2014

China National Offshore Oil Corp. Ltd. said production has begun at its Liuhua 19-5 natural gas field in the Pearl River Mouth basin of the South China Sea.

Watching Government: Horvath reflects on changes

Jan 13, 2014

Skip Horvath will wrap up 25 years as a major official in Washington's oil and gas associations when he retires as president of the Natural Gas Supply Association later this year.

Watch Saudi Arabia

Jan 13, 2014

Anyone whose business needs the price of crude oil to exceed $70-75/bbl in order to be profitable should watch Saudi Arabia, about which a few observations follow

Chevron gets approval for Alder field in UK, reaches FID

Jan 13, 2014

Chevron Corp. UK subsidiary Chevron North Sea Ltd. has reached a final investment decision (FID) and received approval from the UK government to proceed with the development of the Alder field in the central North Sea. The project has a planned design capacity of 110 MMcfd of natural gas and 14,000 b/d of condensate. Production is slated to start in 2016.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 13, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration's Short-Term Energy Outlook (STEO), released this month.

API: US energy policy choices may be crucial this year

Jan 13, 2014

Policy choices during 2014 could determine whether the US realizes its full oil and gas production potential and becomes a world energy superpower, or simply continues to play a supporting role in global markets, American Petroleum Institute Pres. Jack N. Gerard said.

Baker Hughes: US drilling rig count rises to 1,754

Jan 10, 2014

The US drilling rig count added 3 units to reach 1,754 rigs working during the week ended Jan. 10, Baker Hughes Inc. reported.

Camac secures long-term FPSO contract

Jan 10, 2014

Camac Energy Inc. said it has signed a letter of intent regarding terms and conditions of a long-term agreement for the Armada Perdana floating production, storage, and offloading vessel.

Statoil group cancels gas spur offshore Norway

Jan 9, 2014

Statoil ASA and partners have ended the Kristin gas export project, a pipeline that was to have connected Kristin gas and condensate field with the Polarled pipeline under development in the Norwegian Sea (OGJ Online, Jan. 8, 2013).

BPZ starts well offshore Peru at 2,100 b/d

Jan 8, 2014

BPZ Energy, Houston, has started production from a development well on Albacora oil field offshore Peru at an early rate of 2,100 b/d of oil gross and spudded another well nearby.

Maybe this year?

Jan 6, 2014

Turning over a new year seems naturally to prompt thoughts of immediate and distant futures.

Petrobras lets two contracts for ultradeepwater fields

Jan 6, 2014

Petroleo Brasileiro SA has let two ultradeepwater contracts to Technip for the supply of flexible pipes for the Sapinhoa Norte field and I5 at Lula field (formerly Tupi) in the Santos basin presalt area offshore Brazil. The fields lie in as much as 2,500 m of water. The value of either contract was not disclosed.

Nexen lets EPC contract for North Sea offshore assets

Jan 6, 2014

Nexen Petroleum UK Ltd., a wholly owned subsidiary of CNOOC Ltd., has let an engineering, procurement, and construction contract to AMEC PLC for Nexen’s North Sea offshore assets.

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