More Oil & Gas Drilling and Production News

Scott links South Atlantic OCS bill, jobs growth plan

Apr 14, 2014

US Sen. Tim Scott (R-SC) introduced legislation that would reverse US President Barack Obama's administration's exclusion of four South Atlantic coastal states from active offshore oil and gas resource development planning.

Baker Hughes: US drilling rig count jumps to 1,831

Apr 11, 2014

The US drilling rig count jumped 13 units to reach 1,831 rigs working during the week ended Apr. 11, Baker Hughes Inc. reported.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Chevron, YPF to continue Vaca Muerta development

Apr 10, 2014

Chevron Corp. and YPF SA, Buenos Aires, will continue development of Argentina’s Vaca Muerta shale formation. Chevron says it will build off the progress of its 2013 drilling program with YPF, investing in large-scale drilling and production in the 96,000-acre Loma Campana concession.

MARKET WATCH: NYMEX oil price jumps on EIA’s reduced oil production forecast

Apr 9, 2014

The benchmark US crude oil futures price jumped more than $2/bbl on Apr. 8 after the US Energy Information Administration released a report saying government analysts reduced their earlier oil production forecast for this year and next.

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.

Market Connection

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...
mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
Proco

Proco Products: Your Expansion Joint Source for Mud Tanks, Frac Tanks, Shale Shakers

Proco Products, Inc. is a global leader in the design and supply of piping/ducting system expansion joints and rubber check valves. We offer the mo...
Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Welded

Contact Us for YOUR Next Pipeline Construction Project

We are a mainline contractor capable of installing pipeline projects ranging up to 48” anywhere within the United States. We give our clients a bal...
Stay Connected