More Oil & Gas Drilling and Production News

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.

Shell starts production from second Mars platform in gulf

Feb 4, 2014

Shell Oil Co. has started production from its Mars B development through Olympus, a tension-leg platform in 3,100 ft of water 130 miles south of New Orleans in the Gulf of Mexico. Shell expects the added production from Olympus to extend the life of the greater Mars basin to 2050 and deliver a resource base of an estimated 1 billion boe.

Anadarko reports fourth-quarter loss, record yearend sales volumes

Feb 4, 2014

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

Deloitte: Production, licensing climb in North Sea for 2013

Feb 3, 2014

An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29.

Saudi foreign relations

Feb 3, 2014

Among the oil market's many uncertainties, a variable receiving too little attention is the most important supplier.

BP lets contract for Oman land rigs

Feb 3, 2014

BP PLC has let a 5-year contract to KCA Deutag for the construction and operation of three newbuild, fast-moving land rigs in Oman’s Khazzan development for $340 million including options.

Hydraulic fracturing stuck in New York policy vacuum

Feb 1, 2014

Persistent institutional indecisiveness by elected officials in New York State has placed the state in the position of not having a statewide policy addressing the issue of energy development as it relates to hydraulic fracturing in the oil and gas industry.

Barclays: North America E&P spending expected to rise 7% in 2014, led by US

Feb 1, 2014

Following 2 years of tepid growth, North America is poised to see an acceleration of exploration and production spending in 2014 as US operators move into full scale development of unconventional resource plays.

Fracing faces legal and regulatory challenges in 2014

Feb 1, 2014

Last year was an eventful one for hydraulic fracturing. Use of the completion technology helped to dramatically boost US oil and gas production—tight oil production from the Bakken and Eagle Ford formations alone increased by 700,000 b/d during the year, and gas production from the Marcellus shale jumped to 13.5 bcfd.

Fate of hydraulic fracturing uncertain in Nova Scotia

Feb 1, 2014

The government of Nova Scotia, Canada, was preparing in December to consider legislation that would ban the importation of hydraulic fracturing wastewater into the province.

California enacts interim emergency rules for well stimulation treatments

Feb 1, 2014

Since 2010, more than 20 states have adopted new laws or regulations specific to hydraulic fracturing, a technology that, along with horizontal drilling, has given exploration and production companies the ability to more economically tap into the US's vast unconventional hydrocarbon formations.

Ohio regulators begin collecting production data on quarterly basis

Feb 1, 2014

Operators in Ohio must submit production data for horizontal wells to the Ohio Department of Natural Resources more frequently in 2014, thanks to a measure contained in the state's biennial budget bill signed into law by Gov. John Kasich (R) last summer.

PERMIAN Briefs

Feb 1, 2014

QEP to run six rigs on new Permain acreage

Feb 1, 2014

QEP Energy Co. expects to add four rigs this year to two already drilling on Permian basin acreage it is acquiring from EnerVest Ltd. for $950 million.

EAGLE FORD Briefs

Feb 1, 2014

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