More Oil & Gas Drilling and Production News

Denton fracing ban heads for Nov. ballot

Oct 16, 2014

The city council of Denton, Tex., has rejected a petition for a hydraulic fracturing ban, sending the proposal to a public ballot in November.

Petrobras starts production from Iracema discovery

Oct 15, 2014

Petroleo Brasileiro SA (Petrobras) has started production from the Iracema area on Block BM-S-11 in the Santos basin offshore Brazil.

Pemex lets production systems contract for Lakach development

Oct 14, 2014

Petroleos Mexicanos (Pemex) has let a $290-million subsea production systems contract to OneSubsea, a joint venture of Cameron International Corp. and Schlumberger Ltd., for development of Lakach gas field in the deepwater Gulf of Mexico.

Contract let for early Snorre C TLP work

Oct 14, 2014

Statoil has let a contract to Wood Group Mustang for preliminary work on a tension-leg platform proposed for Snorre oil and gas field in the Tampen area of the Norwegian North Sea.

Daybreak advances Kentucky, California operations

Oct 13, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

Petronas purchases share in Shah Deniz for $2.2 billion

Oct 13, 2014

Malaysia’s Petronas has purchased a 15.5% share in the Shah Deniz production-sharing agreement in Azerbaijan from Statoil ASA.

Prices and potential

Oct 13, 2014

If prices of crude oil continue to slide, oil production in the US very likely will follow. Naysayers then will claim vindication for their gloom about supply from unconventional resources. For a while, they'll seem right.

CNOOC begins oil production at Enping 24-2 field

Oct 13, 2014

China National Offshore Oil Corp. Ltd. reported oil production from the Enping 24-2 field in the Pearl River Mouth basin of the South China Sea.

Happy coincidence underlies Obama's oil and gas boasts

Oct 13, 2014

American political custom allows presidents to take credit for whatever economic joy arises while they're in office.

Two energy progress stories

Oct 13, 2014

US President Barack Obama quickly cited the country's improved oil and gas outlook when he declared that his administration and congressional Democratic leaders have rebuilt the US economy on a new foundation for growth and prosperity.

BLM to offer 270 tracts in NPR-A lease sale

Oct 13, 2014

The US Bureau of Land Management will offer oil and gas leases within the National Petroleum Reserve-Alaska (NPR-A) at a sale on Nov. 19 in Anchorage, BLM's Alaska State Office said in an Oct. 3 Federal Register notice.

GWPC report examines changes in states' water protection rules

Oct 13, 2014

Regulatory agencies in 27 US states that produce 98% of the nation's oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

NGSA forecasts lower winter gas prices on a combined analysis

Oct 13, 2014

In its 14th annual Winter Outlook assessment of the natural gas market, the Natural Gas Supply Association (NGSA) expects downward price pressure on the natural gas market compared with last winter.

Petrobras signs LOI to charter FPSO for Libra field

Oct 10, 2014

A consortium led by Petroleo Brasileiro SA (Petrobras) has signed a letter of intent with Odebrecht Oil & Gas and Teekay to charter a floating production, storage, and offloading vessel for the extended well test campaign at the Libra area of the Santos basin presalt.

BHI: Permian drives gains in weekly, yearly US rig count

Oct 10, 2014

The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian basin, Baker Hughes Inc. reported.

Market Connection

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