More Oil & Gas Drilling and Production News

CNOOC net production up in first half

Aug 27, 2015

CNOOC Ltd. said first-half net production of oil and gas rose 13.5% to 240.1 million boe, primarily due to contributions from new projects in Bohai and the eastern South China Sea.

WoodMac: Eagle Ford production sees growth, despite slowdown

Aug 26, 2015

Eagle Ford wells brought online are expected to fall to around 2,700 from 4,000 in 2014, according to analyst group Wood Mackenzie Ltd. The company’s most recent analysis cites that production growth is slow in the near term, but the full effect of lower oil prices is moderated by improved recoveries in core areas.

Maersk Oil lets contract for Culzean field work

Aug 25, 2015

Maersk Oil North Sea UK Ltd. has let a contract to Tenaris for work relating to the Culzean field development project in the UK North Sea.

Low oil prices slam second-quarter earnings

Aug 24, 2015

The long decline in crude oil prices continued to slam North American oil companies' second-quarter upstream earnings, which were partly offset by higher oil volumes and lower operating costs.

BHI: US oil-directed rig count rises for fifth straight week

Aug 21, 2015

The overall US drilling rig count edged up 1 unit to 885 rigs working during the week ended Aug. 21, according to data from Baker Hughes Inc. The oil-directed count increased for the fifth straight week, rising 2 more units.

API: US petroleum demand up in July

Aug 21, 2015

Total petroleum deliveries, a measure of demand, rose 2.2% from July 2014 to average nearly 19.6 million b/d last month, according to the American Petroleum Institute’s most recent Monthly Statistical Report.

Second production well online at Prirazlomnoye field in Pechora Sea

Aug 21, 2015

JSC Gazprom Neft said a second well has been brought on production in Prirazlomnoye field in the Pechora Sea. The well extends more than 4,500 m.

Statoil: Ministry approves PDO for first phase of Johan Sverdrup

Aug 21, 2015

Statoil ASA reported the plan for development and operation (PDO) for Johan Sverdrup field in the North Sea has been approved by Norway’s Ministry of Petroleum and Energy.

Drilling under way on first NPR-A oil development

Aug 20, 2015

ConocoPhillips has started drilling on the first oil development in the National Petroleum Reserve-Alaska (NPR-A).

Make Shell disclose offshore drilling risks, Senate members demand

Aug 20, 2015

Eleven US Senate Democrats and Independent Bernard Sanders (Vt.) asked the US Securities and Exchange Commission to make Royal Dutch Shell PLC disclose to the public and investors inherent risks offshore oil drilling poses if there is a spill or other environmental accident.

DNO increases Tawke output, seeks steady payment from KRG

Aug 20, 2015

DNO ASA reported average second-quarter production of 153,346 bo/d from Tawke field in the Kurdistan region of Iraq after doubling the field’s capacity to 200,000 bo/d during the first half.

West Qurna-2 oil field production reaches 450,000 b/d

Aug 20, 2015

PJSC Lukoil said Iraq’s prime minister had visited West Qurna-2 oil field, which is now producing 450,000 b/d.

CNOOC signs PSCs with Roc Oil for two blocks in South China Sea

Aug 19, 2015

China National Offshore Oil Corp. Ltd. has signed production sharing contracts with Roc Oil (China) Co. for two blocks in the Pearl River Mouth basin in the South China Sea.

Bounty moving towards production in Tanzania

Aug 19, 2015

Bounty Oil & Gas NL, Sydney, is finally moving towards production in its Kiliwani North gas discovery in Tanzania.

EPA proposes methane emissions requirements for oil, gas industry

Aug 18, 2015

The US Environmental Protection Agency has proposed requirements aimed at reducing emissions of methane and volatile organic compounds (VOC) from all US oil and gas industry segments. Officials from several oil and gas associations immediately criticized the Aug. 18 action. Environmental organizations welcomed it.

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