More Oil & Gas Drilling and Production News

Oil and gas symbols

Apr 21, 2014

Believed to be about 40,000 years old, the "Lion Man" from the Swabian Alps in Germany is widely accepted as the world's oldest known statue.

Petrobras hits production record in Santos, Campos basins

Apr 21, 2014

Petroleo Brasileiro SA (Petrobras) recently reached an oil production record of 428,000 b/d in company-operated fields in the Santos and Campos basins.

Suncor reports oil sands employee fatality

Apr 21, 2014

Suncor Energy Inc. reported that an employee fatality occurred at its oil sands site on Apr. 20.

Baker Hughes: US drilling rig count holds steady at 1,831

Apr 17, 2014

The US drilling rig count was unchanged from a week ago at 1,831 rigs working during the shortened holiday week that ended Apr. 17, Baker Hughes Inc. reported.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

Proposal would create patchwork of regulations in Colorado

Apr 16, 2014

Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas development.

OTHER REGIONAL Briefs

Apr 16, 2014

Baseline water testing rule to remove ambiguity in Wyoming

Apr 16, 2014

Wyoming has adopted a rule that calls for operators to perform baseline testing of area groundwater before and after drilling.

BHP plans to double Eagle Ford output by 2016

Apr 16, 2014

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

Total lets $3.5 billion subsea contract for Kaombo off Angola

Apr 16, 2014

Total E&P Angola has let a contract to a consortium comprised of Technip SA and Heerema Marine Contractors for the engineering, procurement, construction, installation, and pre-commissioning of subsea umbilicals, risers, and flowlines for the Kaombo project on Block 32 offshore Angola. The deal is worth $3.5 billion, distributed 55% to Technip and 45% to Heerema.

Texas Petro Index reaches record-high for February

Apr 15, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers.

Stanley gas-condensate field development approved

Apr 14, 2014

The Papua New Guinea government has approved Horizon Oil Ltd.’s proposed $300 million development of the Stanley gas-condensate field in the country’s western province.

Scott links South Atlantic OCS bill, jobs growth plan

Apr 14, 2014

US Sen. Tim Scott (R-SC) introduced legislation that would reverse US President Barack Obama's administration's exclusion of four South Atlantic coastal states from active offshore oil and gas resource development planning.

Baker Hughes: US drilling rig count jumps to 1,831

Apr 11, 2014

The US drilling rig count jumped 13 units to reach 1,831 rigs working during the week ended Apr. 11, Baker Hughes Inc. reported.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

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