More Oil & Gas Drilling and Production News

OTC: BSEE director says industry on probation as far as public trust

May 11, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

BHI: US rig count posts smallest decline in 22 weeks

May 8, 2015

During a week in which much of the oil and gas industry was either preoccupied with the Offshore Technology Conference in Houston or company earnings reports, the US drilling rig count snuck down just 11 more units to settle at 894 rigs working, according to data from Baker Hughes Inc.

Retirement total for floating rigs now 36

May 8, 2015

Plans announced May 4 by Diamond Offshore Drilling Inc. to decommission three semisubmersible drilling rigs brings to 36 the number of floating rigs steered toward retirement since crude oil prices collapsed in the second half of 2014, according to Cowen & Co. analysts.

Wintershall lets multiline Maria contract

May 8, 2015

Wintershall has let a $300-million contract to Subsea 7 for pipeline and subsea construction in its multihost development of Maria oil and gas field in the Norwegian Sea.

Contract let for field work onshore Brazil

May 8, 2015

Parnaiba Gas Natural (PGN) has let a contract to a consortium involving Fluor Corp. and Construcap CCPS Engenharia e Comercio related to development of Gaviao Branco natural gas field in Maranhao, Brazil.

Study shows proposed Pennsylvania gas severance tax would be costly

May 7, 2015

A proposed natural gas severance tax in Pennsylvania would have negative economic consecutives for the state, according to a Natural Resource Economics Inc. study released May 7 by the Associated Petroleum Industries of Pennsylvania (API-PA).

Chesapeake reports 1Q net loss of $3.782 billion

May 7, 2015

Chesapeake Energy Corp., Oklahoma City, reported a first-quarter net loss of $3.782 billion, down from a net income of $374 million in first-quarter 2014.

Apache reports 1Q net loss of $4.7 billion

May 7, 2015

Apache Corp. reported a first-quarter net loss of $4.7 billion, including an aftertax ceiling-test write down of $4.7 billion due to “substantially lower commodity prices.”

OTC: BSEE reports 100% SEMS compliance after first cycle

May 7, 2015

Representatives from the US Bureau of Safety and Environmental Enforcement (BSEE) assessed the progress of the agency’s Safety and Environmental Management System (SEMS) initiative at an Offshore Technology Conference breakfast in Houston on May 7.

OTC: Many variables dictate N. America’s emergence as a global energy force

May 6, 2015

North American businesses and governments must work together toward the collective goal of advancing the continent’s energy aspirations. That was the message delivered by producers and government officials during a May 5 panel discussion at the Offshore Technology Conference in Houston.

Crude export ban could endanger US oil renaissance, Encana CEO warns

May 6, 2015

The plunge in crude oil prices since last summer is creating adverse impacts sooner than expected, and could endanger the economic renaissance the US has undergone from its dramatically increased production if crude exports are not authorized soon, Encana Corp. Chief Executive Officer Douglas J. Suttles warned.

DNO doubles Tawke capacity, reports lower 1Q revenue

May 6, 2015

DNO ASA reported it has doubled to 200,000 bo/d the production capacity from Tawke field in the Kurdistan region of Iraq.

Husky Energy reports net earnings of $191 million (Can.)

May 6, 2015

Husky Energy Inc. reported first-quarter net earnings of $191 million (Can.) compared with a loss of $603 million in the previous quarter and year-ago earnings of $662 million.

OTC: New IADC well-control training program targets individual jobs

May 6, 2015

An industry-wide collaboration enabled the International Association of Drilling Contractors to develop a new well-control training and assessment program that is targeted toward an individual’s actual job, IADC executives told an Offshore Technology Conference news briefing May 6 in Houston.

OTC: BSEE director says industry on probation as far as public trust

May 6, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

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