More Oil & Gas Drilling and Production News

Statoil: More time needed for Johan Castberg project

Jun 30, 2014

Partners in the Johan Castberg license—Statoil ASA, Eni SPA, and Petoro—have decided to “spend more time on making the final concept selection” for the Johan Castberg project.

Linn to purchase acreage from Devon for $2.3 billion

Jun 30, 2014

Linn Energy LLC, Houston, has agreed to acquire assets in five US operating areas from Devon Energy Corp., Oklahoma City, for $2.3 billion, effective Apr. 1.

MOL to acquire licenses in UK North Sea

Jun 30, 2014

MOL Group has agreed to acquire interest in six licenses in the UK North Sea from Premier Oil UK Ltd. for $130 million.

Statoil reports fire at Ohio well pad now extinguished

Jun 30, 2014

A fire reported by Statoil ASA on June 28 at the company’s Eisenbarth well pad in Monroe County, Ohio, has been extinguished.

Crude prices could climb if Iraq instability persists, SAFE warns

Jun 30, 2014

Despite continuing US production increases, global crude oil prices could climb as much as $40/bbl if instability in Iraq persists, Securing America's Future Energy (SAFE) warned in a recent report.

Baker Hughes: US drilling rig count jumps to 1,873

Jun 27, 2014

The US drilling rig count jumped 15 units to 1,873 rigs working during the week ended June 27, Baker Hughes Inc. reported.

Starfish start-up could ease Trinidad and Tobago’s tight gas supplies

Jun 27, 2014

Trinidad and Tobago’s tight natural gas supply could be eased within the next 4 months with the startup of 300 MMscfd of gas from BG Group’s Starfish development. BG Group said the project, which involves the drilling of four subsea wells and a 10-km subsea tieback to the Dolphin A platform, is on schedule for this year’s fourth quarter.

Statoil lets jacket contract for Johan Sverdrup oil field

Jun 26, 2014

Statoil ASA has entered into a framework agreement with Kvaerner ASA for the delivery of jackets in the North Sea until 2020. The companies also will sign a letter of intent for the delivery of two jackets to Johan Sverdrup oil field, which lies in 110 m of water across production licenses 265, 501, and 502 in the Utsira High area in the Norwegian North Sea, 140 km west of Stavanger.

BNV-Norstra deal sets Montana gas drilling

Jun 25, 2014

Privately held BNV Energy LLC, Houston, has entered an agreement with Norstra Energy Inc., Spokane, to drill two natural gas wells and build a related gathering system to earn a 60% working interest in 5,382 acres in Northwest Montana.

Pemex lets contract in Ayatsil development

Jun 25, 2014

Pemex Exploration & Production has let a contract to GE Oil & Gas for the supply and installation of surface wellheads and trees at Ayatsil heavy oil field under development in the Campeche Sound offshore Mexico.

DNO suspends output from two Yemen blocks

Jun 24, 2014

DNO Yemen AS has suspended production totaling 3,400 b/d of oil gross from two blocks in Yemen after blockades by local groups restricted movement of equipment, supplies, and contractors.

Maersk advances work in Danish North Sea

Jun 24, 2014

Maersk Oil has let two contracts to Technip for work associated with gas lift in two small fields in the Danish North Sea connected to the Tyra oil and gas producing center, an area where it has a larger project under way.

Carrizo reports initial multiple-bench Niobrara downspacing results

Jun 23, 2014

Carrizo Oil & Gas Inc., Houston, recently started production from its first multiple-geological-bench downspacing pilot, consisting of 8 wells, in the company's Bringelson Ranch area in Weld County, Colo.

Oryx sells first offtakes from Demir Dagh in Iraq

Jun 23, 2014

Oryx Petroleum Corp. Ltd., Calgary, has sold its first offtakes of crude oil into the domestic market from the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq.

Petrobras' aggregate presalt production reaches 343 million boe

Jun 20, 2014

Petroleo Brasileiro SA (Petrobras) reported that it reached 343 million boe in accumulated production from Brazil’s offshore presalt layer between September 2008 and April 2014. This news comes a month after the company reported surpassing 470,000 b/d in production from the Santos and Campos basins.

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PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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