More Oil & Gas Drilling and Production News

Statoil’s oil sands production saw slight decline in 2013

Apr 8, 2014

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company’s 2013 Oil Sands Report.

2014 worldwide EOR survey

Apr 7, 2014

Oil-price patterns—1: Oil prices reflect uneven growth rates of global demand and supply

Apr 7, 2014

The price of oil rose from below $30/bbl to more than $145/bbl (all in money of the day) between 2004 and 2008. This was unprecedented.

The dark side of the boom

Apr 7, 2014

Much has been made in the general media about how unconventional oil and gas development has damaged or threatens to damage flora, fauna, and air in areas of the US where drilling and production have surged.

Shell starts crude oil exports from Iraq’s Majnoon field

Apr 7, 2014

Royal Dutch Shell PLC has exported its first shipment of crude from Iraq’s Majnoon field after surpassing its initial commercial production target. The field, operated in conjunction with South Oil Co., Malaysia’s Petronas, and Missan Oil Co., is producing 210,000 b/d, said Shell.

Talisman aims to divest Timor Sea assets

Apr 7, 2014

Talisman Energy Inc., Calgary, has placed its Timor Sea production interests up for sale in a move to exit the Kitan and Laminaria-Corallina oil fields as soon as a buyer is found.

Statoil starts production from Gudrun field in Norwegian North Sea

Apr 7, 2014

Statoil ASA and partners have started oil and natural gas production from Gudrun field in the Norwegian North Sea.

CO2-EOR set for growth as new CO2 supplies emerge

Apr 7, 2014

Survey: Miscible CO2 continues to eclipse steam in US EOR production

Apr 7, 2014

Miscible CO2 continues to eclipse steam injection in Oil & Gas Journal's 2014 EOR/Heavy Oil Survey.

DEEPWATER GULF DECOMMISSIONING–3: Lease, revenue status determine short-term decommissioning activity

Apr 7, 2014

Opportunities abound in the prolific deepwater Gulf of Mexico (GOM), but several production structures have reached a stage in their lifecycles at which decommissioning is the next plan of action.

USCG: ‘Chain of errors’ led to Shell drilling unit running aground

Apr 4, 2014

A US Coast Guard (USCG) investigation has found that a “chain of errors” led to the Royal Dutch Shell PLC conical drilling unit, the Kulluk, running aground on Sitkalidak Island, Alas., in December 2012.

Statoil farms out 15% interest in block offshore Angola

Apr 3, 2014

Statoil ASA has agreed to farm out a 15% interest in Block 39 of the Kwanza presalt basin offshore Angola to WRG Angola Block 39 Ltd. (WRG). The deal is subject to approval by Sonangol EP, the Angolan minister of petroleum, and the license partners, according to the company.

WoodMac: Bakken drilling, completion capex to top $15 billion in 2014

Apr 2, 2014

Oil and gas industry analyst Wood Mackenzie Ltd. forecasts that operators in the Bakken shale will invest more than $15 billion on drilling and completions in 2014, second only to the Eagle Ford in the US Lower 48 states.

Contract let for Yolla gas field rig

Apr 1, 2014

Origin Energy Ltd., Sydney, and partners in the BassGas joint venture have let a contract to Seadrill Australia Pte. Ltd. to provide the West Telesto drilling rig for the project’s upcoming work program in Yolla gas field in the Bass Strait.

Moody’s: Marcellus shale gas producers to benefit most in US

Apr 1, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody’s said in a recent report.

Market Connection

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

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