More Oil & Gas Drilling and Production News

Cenovus trims budget, slows oil sands work

Dec 16, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to declining crude oil prices and will slow development of some of its thermal oil sands projects in Alberta.

Pengrowth starts commercial steam operations at Lindbergh thermal project

Dec 16, 2014

Pengrowth Energy Corp., Calgary, reported the startup of commercial steam operations at Phase 1 of its Lindbergh thermal project in the Cold Lake area of eastern Alberta.

Repsol to acquire Talisman in $13 billion deal

Dec 16, 2014

Spain’s Repsol SA has agreed to acquire all shares of Talisman Energy Inc. of Calgary for $8.3 billion along with assumed debt of $4.7 billion. The deal has been approved and recommended by Talisman’s board, and the companies hope to complete it by midyear 2015.

Senate passes Defense bill with BLM drilling permit program provision

Dec 15, 2014

The US Senate approved a Department of Defense appropriations bill on Dec. 13 containing a provision extending and making permanent a drilling permit processing pilot program the 2005 Energy Policy Act established in several Rocky Mountain US Bureau of Land Management field offices. The measure now heads to the White House, where it is expected to be signed.

Cook to head DONG Energy E&P group

Dec 15, 2014

David B. Cook has been named group executive vice-president and chief executive officer for exploration and production at DONG Energy, Fredericia, Denmark. He previously was executive officer and head of oil and gas at Abu Dhabi National Energy Co. (TAQA).

Husky, CNOOC start gas production at Liuhua 34-2 field

Dec 15, 2014

Husky Energy Inc. and China National Offshore Oil Corp. Ltd. reported the start of natural gas production at the Liuhua 34-2 gas field in the South China Sea.

Security takes center stage

Dec 15, 2014

Thwarting terrorists, repelling pirates, and routing organized crime: sounds like themes of familiar, big-budget Hollywood movies.

Study finds small subset of wells accounts for most methane emissions

Dec 15, 2014

A small subset of natural gas wells are responsible for most methane emissions from US natural gas production, said a study from the University of Texas at Austin.

US Forest Service takes no stance on fracturing in national forest

Dec 12, 2014

The US Forest Service has dropped a proposal that would have banned hydraulic fracturing in the George Washington National Forest.

Frac ban exemption made in Broomfield

Dec 12, 2014

A Colorado District Court judge has ruled that a hydraulic fracturing ban in Broomfield, Colo., does not apply to an operator that entered into an agreement with the city before the ban was passed.

OSHA seeks to limit silica exposure for oil workers, Proposed rules target frac sand mining, fracturing

Dec 12, 2014

The rapid growth in oil and gas production from shale and tight oil formations in the US is generating a boom in a related industry: frac sand. Sand is frequently used as a proppant in hydraulic fracturing.

Study links methane contamination in water wells to poor well construction-not fracing-in Marcellus

Dec 12, 2014

A new study found that fugitive gas contamination at eight clusters of water wells in the Marcellus and Barnett shale regions might be linked to well integrity issues but not hydraulic fracturing.

Weak crude prices could threaten Bakken production growth

Dec 12, 2014

Bakken shale production set another record in August, but weakening crude prices and flaring reduction efforts threatened to temper production growth.

BHI: US rig count forced down by large losses in Texas

Dec 12, 2014

Forced down by large losses in Texas and specifically the Permian basin, the US drilling rig count plummeted 27 units to settle at 1,893 rigs working during the week ended Dec. 12, Baker Hughes Inc. reported. This week’s report comes on the heels of sub-$60/bbl crude oil prices on NYMEX.

Husky reports start of steam operations at Sunrise oil sands project

Dec 12, 2014

Husky Energy, Calgary, reported the start of steam operations at the in situ Sunrise Oil Sands Project in northeastern Alberta.

Market Connection

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