More Oil & Gas Drilling and Production News

Shell to acquire BG Group for $70 billion

Apr 8, 2015

Royal Dutch Shell PLC has agreed to acquire BG Group PLC in a $70.1-billion cash and shares deal intended to sharpen Shell’s focus on integrated gas projects and deep water.

EIA: Global oil inventories continue to build

Apr 7, 2015

Global oil production continues to exceed demand, resulting in inventory builds, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO).

AWE starts oil production from Pateke-4H in Tui area

Apr 7, 2015

AWE Ltd. has completed its subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system.

Cairn India seeks to triple gas production from RJ block

Apr 6, 2015

Cairn India Ltd. is seeking to triple natural gas production from the RJ block in Rajasthan by drilling a minimum of 42 wells in the next 3 years.

Texas pipelines to have $374-billion economic impact through 2024

Apr 6, 2015

Between the current year and 2024 the Texas pipeline industry will generate cumulative economic impacts (in today's dollars) of around $374 billion in economic output, $212 billion in additional gross state product, and contribute $19.5 billion to state and local government revenues.

Texas pipelines to have $374-billion economic impact through 2024

Apr 6, 2015

Between the current year and 2024 the Texas pipeline industry will generate cumulative economic impacts (in today's dollars) of around $374 billion in economic output, $212 billion in additional gross state product, and contribute $19.5 billion to state and local government revenues.

Western governors group releases 2014 greater sage grouse inventory

Apr 6, 2015

Western US governors released their 2014 Sage Grouse Inventory, which highlights conservation efforts by public, private, and nongovernment organizations during the past year to protect the bird’s 11-state habitat. Several Rocky Mountain oil and gas producers are actively involved.

Hydrocyclone study enables GOSP debottlenecking

Apr 6, 2015

This article describes Saudi Aramco's efforts in confirming the adaptability of hydrocyclone technologies in debottlenecking a gas-oil separation plant (GOSP).

GOM Revenue Sharing-2: GOMESA Phase II revenues impacted by several factors

Apr 6, 2015

The first phase of the 2006 Gulf of Mexico Energy Security Act (GOMESA) regulated revenue sharing in the gulf's 181 Area and 181 South Area.

Novel completions increase horizontal well production

Apr 6, 2015

Two novel completion techniques that solve the problems of acid fracturing in complex carbonate horizontal wells have been successfully implemented in China. Using them has enhanced production in the Tarim, Sichuan, Bohai Gulf, and Ordos basins.

One more outlook to the pile

Apr 6, 2015

Reporting news to the oil and gas industry about the oil and gas industry is a serious business. It has to be. Seriousness is a tone that readers of Oil & Gas Journal have come to expect.

Companies slash capital budgets as oil price drop cuts cash flows

Apr 6, 2015

Oil and gas companies, whose basic commodity has lost more than half its value in half a year, have slashed budgets in an effort to pull spending back within sharply diminished cash flow.

Analysts: Oil industry dealing with downturn better than years' past

Apr 6, 2015

Investment bankers and analysts entrenched in the oil and gas industry say companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

Analyst: Cost key variable in crude-price scenarios

Apr 5, 2015

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers' costs, says a veteran observer of oil markets and the Middle East.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

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