More Oil & Gas Drilling and Production News

Husky reports start of production from Sunrise oil sands project

Mar 11, 2015

Husky Energy Inc., Calgary, reported the start of production at the first of two 30,000-b/d plants at the in situ Sunrise Oil Sands Project in northeastern Alberta.

ADCO lets contract for UAE crude processing plant

Mar 11, 2015

Abu Dhabi Co. for Onshore Oil Operations (ADCO), through a subcontractor, has let a contract to Al Hassan Engineering Co. Abu Dhabi LLC to provide work related to increasing crude oil processing capabilities as part of ADCO’s Phase 3 development of onshore Rumaitha and Shanayel fields in United Arab Emirates’ Northeast Bab asset.

Premier starts gas production from Pelikan offshore Indonesia

Mar 11, 2015

Premier Oil PLC reported the start of natural gas production from Pelikan field on Natuna Sea Block A offshore Indonesia. This follows start of gas production in fourth-quarter 2014 from neighboring Naga field, also on the block.

Pennsylvania’s DEP releases proposed changes to well site regulations

Mar 10, 2015

Pennsylvania’s Department of Environmental Protection (DEP) proposed changes to its regulations governing oil and gas well sites. The proposals aim to improve water resource protection, add public resource considerations, protect public safety, address landowner concerns, and enhance transparency by improving data management, DEP said.

EIA: Eagle Ford, Bakken oil production to fall in April

Mar 10, 2015

US shale oil production is expected to increase by a mere 1,000 b/d from March to April, according to the Energy Information Administration’s Drilling Productivity Report (DPR), signifying a slowdown in growth caused by reduced company budgets and a shrinking rig count.

EIA: Monthly average Brent price up for first time in 8 months

Mar 10, 2015

North Sea Brent crude oil prices averaged $58/bbl in February—up $10/bbl from the January average—representing the first monthly average price increase since June 2014, according to the US Energy Information Administration’s latest Short-Term Energy Outlook (STEO).

Foxtrot finds oil, gas offshore Ivory Coast

Mar 9, 2015

The Marlin North-1 well drilled by Foxtrot International LDC, Abidjan, offshore Ivory Coast flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on Block CI-27.

CNOOC boosts oil production from Qinhuangdao field

Mar 9, 2015

China National Offshore Oil Corp. Ltd. reported startup of oil production from a comprehensive adjustment project in Qinhuangdao 32-6 field. The project, which included four platforms and 99 producing wells, is expected to result in output of 36,000 b/d later this year.

GOP senators ask Obama to stop attacks on OCS revenue sharing

Mar 9, 2015

Seven Republican US senators asked US President Barack Obama to reconsider his proposal to deprive Gulf Coast states of a fair share of revenue from energy produced off their shores in federally controlled waters as promised under the 2006 Gulf of Mexico Energy Security Act (GOMESA).

Speaker suggests how Russian regime change might occur

Mar 9, 2015

They follow a warning reported here 2 weeks ago from Alexander J. Motyl, professor of political science at Rutgers University-Newark, that military and domestic expenses, cheap oil, and sanctions threaten President Vladimir Putin's ability to buy political support.

UDW drilling in deep water?

Mar 9, 2015

A March report from the US Energy Information Administration forecasts increased production from the Gulf of Mexico over the next 2 years (OGJ Online, Mar. 3, 2015).

Low crude prices pressure Latin American producers, CSIS forum told

Mar 9, 2015

Depressed crude oil prices are putting new pressure on Latin American producing countries to improve terms if they expect to attract outside investment for developing resources, speakers said last month during a discussion at the Center for Strategic & International Studies.

Watching Government: Why call-ups are continuing

Mar 9, 2015

Western Energy Alliance members were fully aware that more significant federal onshore oil and gas policies are being developed in the nation's capital now than in the Rocky Mountains where the independent producers live and work.

Report notes strong Saudi fiscal 'buffers'

Mar 9, 2015

Saudi Arabia has fiscal buffers enabling it to cover projected deficits while oil prices are low for at least 4 years and perhaps more than 8 years, according to an analyst at Arab Petroleum Investments Corp., Dammam.

Encana trims additional $700 million from 2015 capital budget

Mar 6, 2015

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion "to maintain a solid balance sheet and help strengthen liquidity through a low price environment."

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