More Oil & Gas Drilling and Production News

EPA won't finalize RFS's 2014 biofuel quotas before yearend

Dec 1, 2014

The US Environmental Protection Agency announced it will not finalize 2014 biofuel quotas under the federal Renewable Fuel Standard (RFS) before yearend.

NOIA, API studies list benefits of more federal OCS leasing

Nov 30, 2014

Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for the government, according to recent studies released jointly by the National Ocean Industries Association and the American Petroleum Institute.

Boehner urged to bring BLM drilling permit processing bill to floor

Nov 26, 2014

Six oil and gas association presidents and officials from two major national business groups urged US House Speaker John A. Boehner to consider a Senate-approved measure extending a drilling permit processing pilot program in several US Bureau of Land Management field offices before Congress’s lame-duck session concludes.

BHI: Shortened week sees 12-unit loss in US rig count

Nov 26, 2014

The US drilling rig count fell 12 units to 1,917 rigs working as the country headed into the Thanksgiving holiday during the abbreviated week ended Nov. 26, Baker Hughes Inc. reported.

BSEE extends platform aviation safety proposal comment period

Nov 26, 2014

The US Bureau of Safety and Environmental Enforcement extended the public comment period on its proposed regulations to improve the safety of helideck and aviation fuel operations on fixed offshore facilities until Dec. 24.

TransAtlantic completes Dadas interval in southeast Turkey

Nov 25, 2014

TransAtlantic Petroleum Ltd., Dallas, says it successfully completed the Dadas interval at a vertical depth of 9,650 ft in the Molla area of southeast Turkey.

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

MARKET WATCH: NYMEX oil prices hovering around $76/bbl

Nov 25, 2014

Crude oil futures prices moved narrowly in Nov. 24 trading on both New York and London markets ahead of a Nov. 27 Organization of Petroleum Exporting Countries meeting in Vienna.

Fatal Echo platform explosion occurred during maintenance work

Nov 24, 2014

Fieldwood Energy LLC, Houston, reported that the Nov. 20 explosion at its West Delta 105 “E” platform, known as Echo, occurred as employees of Fieldwood-contracted Turnkey Cleaning Services (TCS) were cleaning a heater-treater.

CNOOC starts oil production from Pearl River Mouth basin

Nov 24, 2014

CNOOC Ltd. has started production from the Huizhou 25-8 oil field-Xijiang 24-3 oil field Xijiang 24-1 district joint development project in the Pearl River Mouth basin of the South China Sea.

Keystone strategies

Nov 24, 2014

Politics provided an interesting sideshow to the unsuccessful, ironic, last-minute push in the 113th Congress for sanction of the Keystone XL pipeline. The oil and gas industry shouldn't let that passing amusement distract it from what truly was at stake.

Deloitte: More executives believe US can be self-sufficient in oil

Nov 24, 2014

More oil and gas executives are growing increasingly confident that the US will be self-sufficient in oil in 5-10 years, said a Deloitte survey titled, "2014 Oil & Gas Survey: The Next Chapter of the Energy Renaissance."

North Dakota lawmakers mull Bakken crude regulations

Nov 24, 2014

Oil producers in North Dakota's Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

Mexico moving quickly to implement energy reforms, officials report

Nov 24, 2014

Mexico is moving quickly to implement its aggressive energy reforms, two officials of its government told a conference at the Woodrow Wilson International Center for Scholars.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

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...
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