More Oil & Gas Drilling and Production News

Baker Hughes: US drilling rig count up to 1,858

Jun 20, 2014

The US drilling rig count gained 4 units to reach 1,858 rigs working during the week ended June 20, Baker Hughes Inc. reported.

Kazakhstan approves extension to Tethys’ Kyzyloi contract

Jun 19, 2014

Kazakhstan’s Ministry of Oil & Gas has approved a 15-year extension to the Kyzyloi gas production contract belonging to Tethys Petroleum Ltd.

API: US production outpaced petroleum demand in May

Jun 19, 2014

US crude oil production in May increased 14.7% from May 2013 to 8.3 million b/d—the highest level for the month since 1987—according to a report from the American Petroleum Institute.

BLM seeks comments on EA for Koch’s proposed gas wells in Utah

Jun 19, 2014

The US Bureau of Land Management’s Vernal, Utah, field office is seeking public comments on an environmental assessment it conducted of Koch Exploration Co. LLC’s proposal to drill up to 135 natural gas wells in eastern Utah.

Crude prices could climb if Iraq instability persists, SAFE warns

Jun 19, 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.

Nikaitchuq oil output reaches 25,000 b/d

Jun 19, 2014

Oil production has reached 25,000 b/d at Nikaitchuq field offshore Alaska’s North Slope, reports Eni SPA.

IEA: Global unconventional oil revolution to launch by decade’s end

Jun 17, 2014

By 2019, tight oil supply outside the US could reach 650,000 b/d, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, the International Energy Agency forecasts in its annual 5-year Oil Market Outlook released June 17.

BP: US tops China in oil consumption growth for first time since 1999

Jun 16, 2014

At 400,000 b/d, the US recorded the largest increment to global oil consumption in 2013, outpacing Chinese growth, 390,000 b/d, for the first time since 1999, according to BP’s 63rd annual Statistical Review of World Energy released June 16.

A new table: the DPR

Jun 16, 2014

Consider Oil & Gas Journal's statistics section to be a living, breathing animal. As such, on occasion, the section is required to adapt and change-sometimes shrink, sometimes expand-to better suit the needs of OGJ readers.

Eni Norge lets contract for Goliat inspection services

Jun 13, 2014

Eni Norge AS has entered into a framework agreement with DNV GL for inspection services for the Goliat platform in the Norwegian Barents Sea.

Baker Hughes: US drilling rig count declines to 1,854

Jun 13, 2014

The US drilling rig count dropped 6 units for the second consecutive week, settling at 1,854 rigs working during the week ended June 13, Baker Hughes Inc. reported.

WoodMac: NorAm oil output increases to outpace Middle East 4:1 by 2020

Jun 12, 2014

By 2020, increases in North American oil production will outpace that of the Middle East by 4:1 on a per barrel basis, and by 2030, North American output will increase by 390 million tonnes of oil equivalent (mtoe) from 650 mtoe in 2009, according to long-term analysis of global energy trends by Wood Mackenzie.

RPSEA aids seismic, well planning research

Jun 12, 2014

The Research Partnership to Secure Energy for America will provide $1.9 million to a wholly owned subsidiary of the Society of Exploration Geophysicists for joint-industry research into the use of seismic data in well planning.

CLOV development starts up offshore Angola

Jun 12, 2014

Total SA and partners have started up the four-field CLOV development in deep water offshore Angola with production capacity of 160,000 b/d of oil.

Catcher development approved offshore the UK

Jun 12, 2014

A group led by Premier Oil PLC has received government approval for development of three oil and gas fields in the Catcher area of the UK Central North Sea.

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