More Oil & Gas Drilling and Production News

Competitive unconventional output gives US diplomatic muscle

Jun 8, 2015

Price declines for crude oil in the last 6 months and natural gas in the last 6 years have made US unconventional producers become more efficient to stay globally competitive that the US still has significant energy geopolitical opportunities, an IHS official told a US House Energy and Commerce subcommittee.

API: US petroleum demand slightly up in April

Jun 8, 2015

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of demand, gained 0.7% in April from the same period last year to average 18.9 million b/d. These were the highest April deliveries since 2010.

BHI: US rig count continues steady but shrinking decline

Jun 5, 2015

The US drilling rig count dropped 7 units during the week ended June 5 to settle at 868 rigs working, according to data from Baker Hughes Inc.

ANGA says industry using latest technology to protect water

Jun 4, 2015

Industry is committed to making continuous improvements and using the latest technology to recycle water and use nonpotable water, Marty Durbin, president and chief executive officer of America’s Natural Gas Alliance, said in response to a government agency’s draft about water and hydraulic fracturing.  

Gazprom Neft completes first winter sea shipments of oil from Yamal Peninsula

Jun 4, 2015

JSC Gazprom Neft reported completion of its first winter shipments of oil from Novoportovskoye field in Russia’s Yamal Peninsula.

EPA draft assessment finds no widespread harm to drinking water from fracturing

Jun 4, 2015

The US Environmental Protection Agency released a draft assessment June 4 of a study in which it concluded hydraulic fracturing activities have not led to widespread, systemic impacts on drinking water resources, although the agency said potential water vulnerabilities exist.

NGSA: Downward pressure expected on gas prices this summer

Jun 4, 2015

Despite expectations for record-setting summer demand, pressure on this summer’s natural gas prices is likely to be downward compared with summer 2014, the Natural Gas Supply Association said in its 15th annual Summer Outlook assessment of the natural gas market. NGSA said it expects production to set records and be more than enough to meet demand.

Senate panel divided on bills to modify EPA’s proposed ozone rules

Jun 3, 2015

US Senate Environment and Public Works Committee members divided along party lines over the US Environmental Protection Agency’s proposed National Ambient Air Quality Standards covering ground-level ozone, and a trio of Republican bills that would delay or modify their implementation.

E&Y: US firms’ capex, revenues, reserves up again in 2014, but cuts loom

Jun 3, 2015

US oil and gas companies reported increases across the board in capital expenditures, revenues, and reserves in 2014 as oil prices nearly halved during the second half, according to an annual oil and gas reserves study conducted by Ernst & Young unveiled in Houston on June 3.

Hibiscus terminates Kitan field deal

Jun 3, 2015

Malaysian company Hibiscus Petroleum Bhd. has terminated its $18-million purchase of Talisman Energy Inc.’s 25% interest in Kitan oil field in the Timor Sea.

Competitive unconventional production gives US diplomatic muscle

Jun 2, 2015

Price declines for crude oil in the last 6 months and natural gas in the last 6 years have made US unconventional producers become so much more efficient to stay globally competitive that the US still has significant energy geopolitical opportunities, an IHS official told a US House Energy and Commerce subcommittee.

Oklahoma governor signs legislation to prevent local fracturing bans

Jun 2, 2015

Oklahoma cities and counties would be unable to ban hydraulic fracturing or other oil and gas operations under Senate Bill 809 that Oklahoma Gov. Mary Fallin has signed into law.

Chevron moving Big Foot TLP off location

Jun 2, 2015

Chevron Corp. will delay the start of production at deepwater Big Foot oil field in the Walker Ridge area of the Gulf of Mexico because of damage to subsea installation tendons installed for connection to the field’s tension-leg platform.

ConocoPhillips reports first steam from Surmont 2 in Alberta

Jun 1, 2015

ConocoPhillips reported first steam on May 29 from Phase 2 of its Surmont oil sands project in the Athabasca region of northeastern Alberta.

Final EISs, management plans released for sage grouse in 10 states

Jun 1, 2015

The US Bureau of Land Management and US Forest Service jointly released 14 final environmental impact statements and proposed federal land management plans in 10 Western states to protect the greater sage grouse and its habitat. Oil and gas groups said the requirements contradict a strong cooperative effort by states, producers, ranchers, local communities, and other stakeholders to accomplish the same purpose.

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