More Oil & Gas Drilling and Production News

PNR reports $3.3 billion capex plan for 2014

Feb 17, 2014

Pioneer Natural Resources Co. (PNR), Dallas, reported capital expenditure plans of $3.3 billion for 2014, $2.2 billion of which will be used to target the northern Spraberry-Wolfcamp area in the Midland basin of West Texas.

The orphan well burden

Feb 17, 2014

Amid the many issues that are debated, exaggerated, and understated relating to oil and gas drilling and production, the prevalence of unplugged and abandoned, or "orphaned" wells is one that until recently had been largely overlooked.

Douglas-Westwood: Industry to see increase in FPS deployment in 2014

Feb 17, 2014

Energy industry analyst Douglas-Westwood is forecasting that nearly $100 billion will be spent worldwide on floating production systems (FPS) between 2014-2018, according to a company market report. That would be an increase of 138% over the previous 5-year period.

Baker Hughes: US drilling rig count declines to 1,764

Feb 14, 2014

The US drilling rig count dropped 7 units to 1,764 rigs working during the week ended Feb. 14, Baker Hughes Inc. reported.

ExxonMobil starts production from Damar gas field offshore Malaysia

Feb 14, 2014

ExxonMobil Exploration & Production Malaysia Inc. reported the startup of natural gas production from Damar field, which lies in 55 m of water about 200 km offshore eastern peninsular Malaysia.

Statoil, partners select concept for Johan Sverdrup field

Feb 13, 2014

Statoil ASA and its partners have chosen a concept for the first development phase of Johan Sverdrup field on North Sea’s Norwegian shelf. It will be a field center consisting of four installations and power from shore, the company reported.

Statoil lets contract for Asgard subsea compression stations

Feb 11, 2014

Statoil ASA has let a contract to Technip for future intervention services on the Asgard subsea compression stations.

Apache fracs Wolfcamp wells without fresh water in dry Barnhart project area

Feb 11, 2014

At a site in drought-stricken West Texas, Apache Corp. has devised a system to hydraulically fracture wells in the prolific Wolfcamp shale without using fresh water.

Quick hike seen in Iranian oil output if sanctions lifted

Feb 10, 2014

Iran can push production of crude oil back to 3-3.5 million b/d "relatively quickly" in the absence of international sanctions, says a veteran observer of the Islamic Republic.

Statoil reports 2013 income of $25 billion, to reduce 2014-16 spending

Feb 10, 2014

Statoil ASA reported its 2013 net operating income was $25 billion along with plans to reduce capital expenditures by more than $5 billion from 2014-16.

Buru loads out first Ungani crude

Feb 10, 2014

Buru Energy Ltd., Perth, has completed its first load-out of Ungani field crude from the Port of Wyndham on Cambridge Gulf in the far north of Western Australia.

Baker Hughes: US drilling rig count dips to 1,771

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

Gazprom says gas production from Kirinskoye to start this year

Feb 6, 2014

OAO Gazprom says it will launch commercial gas production this year from the Kirinskoye natural gas-condensate field.

Eland starts oil production from Opuama field in Nigeria

Feb 5, 2014

Eland Oil & Gas PLC has started oil production from Opuama field on the OML 40 license onshore Nigeria.

Total sells block interest offshore Angola for $750 million

Feb 4, 2014

Total SA will sell 15% participating interest the offshore Angola Block 15/06 to Sonangol E&P for $750 million.

Market Connection

mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
Proco

Expansion Joints and Check Valves

Proco Products, Inc. is a global leader in the design and supply of piping/ducting system expansion joints and rubber check valves. We offer the mo...
Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Welded

Contact Us for YOUR Next Pipeline Construction Project

We are a mainline contractor capable of installing pipeline projects ranging up to 48” anywhere within the United States. We give our clients a bal...
Stay Connected