More Oil & Gas Drilling and Production News

Hibiscus, 3D Oil close on sale of license offshore Victoria

Oct 30, 2014

3D Oil Ltd., Melbourne, has completed the sale of its interests in Victorian offshore production licence Vic/L31 to Malaysian’s Hibiscus Petroleum Bhd.

Empire Oil & Gas transits from explorer to producer

Oct 29, 2014

Empire Oil & Gas Ltd., Perth, has been granted production leases over two previously designated exploration areas incorporating the Red Gully and Gin Gin gas fields and the Red Gully gas processing facility in the North Perth basin onshore Western Australia.

MARKET WATCH: NYMEX oil prices gain modestly pending inventory report

Oct 29, 2014

Crude oil prices for December delivery rose modestly on the New York market Oct. 27 pending the weekly government petroleum inventory report, which showed another gain in US oil supplies, and industry spokesmen discussed how low oil prices might slow tight-oil production.

Hess to develop deepwater gulf oil field

Oct 29, 2014

Production is to begin in 2018 from deepwater Stampede oil field in the Gulf of Mexico under a development plan approved by operator Hess Corp. and partners.

Contract let for deepwater development offshore Nova Scotia

Oct 28, 2014

The government of Nova Scotia has let a contract to Petrofac for a development study on a prospective offshore oil reservoir lying 3,000 m beneath the seabed in 2,000 m of water. The project will be led by Petrofac’s subsea engineering business K W Subsea.

Tengizchevroil lets contract for Kazakh production facility expansion

Oct 28, 2014

Tengizchevroil (TCO), a joint venture of Chevron Corp., ExxonMobil Corp., KazMunayGas, and LukArco, has let an engineering, procurement, and construction contract to Bechtel to build four crude-oil storage tanks at the TengizChevroil oil production facility in Tengiz, Kazakhstan. Bechtel also will modernize the fire and gas detection systems across the entire crude tank farm.

Chevron begins gas production from Bibiyana in Bangladesh

Oct 28, 2014

The Bangladesh subsidiary of Chevron Corp. has started natural gas production from the Bibiyana expansion project in the northeastern part of the country.

ConocoPhillips plans ANS drill site in Kuparuk field

Oct 27, 2014

ConocoPhillips has disclosed plans for a drill site on Kuparuk oil field on Alaska’s North Slope, representing the first new drill site on that location in more than a decade. Peak production is expected to reach 8,000 b/d of oil.

ADMA-OPCO lets contract for offshore structural analysis services

Oct 27, 2014

Abu Dhabi Marine Operating Co. (ADMA-OPCO) has let a $3-million contract to Atkins for structural analysis services as part of ADMA-OPCO’s expansion program for its offshore production facilities.

Study: Global production outages may be strategic warnings

Oct 27, 2014

Overseas crude oil production and transportation interruptions could be strategic warnings that are too important to ignore, a US Senate Energy and Natural Resources Committee minority staff report suggested.

ATCE: Continued innovation needed to solve supply, demand conundrum

Oct 27, 2014

In a keynote speech at the Society of Petroleum Engineers (SPE) Annual Technology Conference & Exposition (ATCE), SPE General Chairperson Matthias Bichsel emphasized the role of innovation in moderating the price of energy.

Aramco lets contracts for production expansion

Oct 27, 2014

Saudi Aramco has let an engineering and construction contract in Saudi Arabia and drilling contracts in the Middle East and in Latin America to Italy’s Saipem SPA, a unit of Eni SPA.

The Big Crew change is here

Oct 27, 2014

A phenomenon known as the Big Crew Change is under way in the oil and gas industry as the baby boomer generation reaches retirement age, and the industry works to bring young people up-to-speed to fill the shoes left behind.

Green jobs fading

Oct 27, 2014

In US politics, green jobs seem to have met the fate of compromise and polite disagreement. Once hailed as an answer to recessionary unemployment, green jobs no longer receive much press. But the oil and gas industry shouldn't be fooled.

PNR head urges DOC to issue condensate export permits to others

Oct 27, 2014

The head of an independent oil and gas company that in late June received one of the first two federal approvals to export condensate urged the US Department of Commerce to begin issuing similar permits to other applicants.

Market Connection

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Coker Unit For Sale

Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate...
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