More Oil & Gas Drilling and Production News

Shell starts oil production from Bonga North West off Nigeria

Aug 6, 2014

Royal Dutch Shell PLC reported the start of oil production from the first well at its Bonga North West deepwater development, drilled in 1,000 m of water offshore Nigeria. Operated by Shell subsidiary Shell Nigeria Exploration & Production Co. Ltd.

UK regulators approve drilling in Horse Hill oil field

Aug 6, 2014

The UK Environment Agency approved drilling an initial well in Horse Hill oil field in Surrey, UK, announced Horse Hill Developments Ltd., a London joint venture and field operator. The field is part of Petroleum Exploration and Development License 137.

EIA: Marcellus accounts for 40% of US shale gas production

Aug 5, 2014

Natural gas production from the Marcellus shale has surpassed 15 bcfd through July and now represents 40% of US shale gas production, making it the largest producing shale gas basin in the country, according to the US Energy Information Administration’s Drilling Productivity Report.

Center for LNG urges DOE to scrap proposed export review changes

Aug 4, 2014

The US Department of Energy's proposal to only issue national interest determinations to LNG export projects that have completed a National Environmental Policy Act review should be withdrawn, the Center for Liquefied Natural Gas said.

IPAA survey: Regulation becoming more burdensome for oil, gas independents

Aug 4, 2014

Regulations over the past 5 years have made operations more complex for independent oil and gas producers, according to a recent survey, Profile of Independent Producers 2012-13, released by the Independent Petroleum Association of America.

Texas Petro Index sets record for 7th straight month

Aug 4, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), continued to produce record highs last month amid an "economic tsunami."

GUIDE TO WORLD CRUDES: BP updates assay for Angolan Saturno crude

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

Nelson-Farrar monthly cost indexes

Aug 4, 2014

Based on a sample taken Feb. 4, 2014, BP PLC has published an updated assay of its Saturno Blend crude oil, which is the marketing name for production from Plutão, Saturno, Venus, and Marte (PSVM) fields in the ultradeepwater area of Block 31 off Angola (OGJ Online, Jan. 31, 2013; Feb. 4, 2009; Nov. 24, 2003; Mar. 17, 2003).

New development expected to arrest European offshore decline

Aug 4, 2014

After playing a pivotal role in the European economy for decades, offshore hydrocarbon production has declined steeply in recent years and is struggling to arrest the dive.

States with fracing are economically stronger, House panel told

Aug 4, 2014

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

API survey finds gap between voters, federal officials on development

Aug 4, 2014

A substantial gap exists between registered voters' support for more US oil and gas development on federal lands, and what they think federal officials actually are doing about it, according to a recent survey commissioned by the American Petroleum Institute.

Baker Hughes: US drilling rig count up to 1,889

Aug 1, 2014

The US drilling rig count gained 6 units to 1,889 rigs working during the week ended Aug. 1, Baker Hughes Inc. reported.

BLM drilling permit bill attracts broad support at Senate hearing

Aug 1, 2014

Witnesses and committee members argued over the extent of oil and gas drilling permit delays at US Bureau of Land Management field offices. But they strongly supported a bill that would make permanent a pilot program enacted in 2005 to begin relieving the problem at a July 29 US Senate Energy and Natural Resources Committee hearing.

Osum completes purchase of Orion project from Shell

Aug 1, 2014

Osum Production Corp., a wholly owned subsidiary of Osum Oil Sands Corp., Calgary, has completed its purchase of the Orion oil sands project in the Cold Lake region of Alberta from Shell Canada for $325 million (Can.).

Drilling commences in Sidi Moussa block offshore Morocco

Jul 31, 2014

Drilling has begun on the Sidi Moussa block offshore Morocco, said joint-venture partner Serica Energy PLC. The Noble Paul Romano semisubmersible spudded the SM-1 well on July 30 about 60 km offshore in 990 m of water. Operations are expected to be completed in 60-90 days.

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