More Oil & Gas Drilling and Production News

Watching Government: Considering energy R&D

Jun 22, 2015

Moving from research to development (R&D) became a recurring question as the US Senate Energy and Natural Resources Committee considered 43 separate bills on June 9.

Study outlines policy strategy for unconventional development

Jun 22, 2015

Unconventional oil and gas presents perhaps the single largest opportunity to improve the trajectory of the US economy, according to a report released by Harvard University Business School (HBS) and Boston Consulting Group Inc. (BCG).

CAPP: Canadian production to reach 5.3 million b/d by 2030

Jun 22, 2015

The Canadian Association of Petroleum Producers (CAPP) estimates production of Canadian oil will increase 43% over 16 years to 5.3 million b/d by 2030 compared with 3.7 million b/d in 2014.

BHI: Down just 2, US rig count posts smallest decline of 28-week slide

Jun 19, 2015

Posting its smallest decline of the now 28 consecutive weeks of losses, the US drilling rig count dropped just 2 units during the week ended June 19 to settle at 857 rigs working, according to data from Baker Hughes Inc.

Gassco to operate Johan Sverdrup gas line in North Sea

Jun 19, 2015

Norwegian state-owned Gassco reported it will take over operatorship of the 156-km natural gas transportation system from Johan Sverdrup field in the North Sea when it becomes operational.

WoodMac: Western Canadian liquids production on upward trajectory starting in 2016

Jun 19, 2015

Wood Mackenzie Ltd. believes the economics of core areas within shale plays in western Canada will yield comparable returns to key producing plays in the US Lower 48.

Erin Energy starts production from Oyo-7 offshore Nigeria

Jun 18, 2015

Erin Energy Corp., the Houston-based firm formerly known as Camac Energy Inc., has started production from the Oyo-7 well in OML 120 offshore Nigeria. Erin Energy operates Oyo field with 100% interest.

Gazprom, KMG extend Karachaganak supply contract to 2038

Jun 18, 2015

OAO Gazprom and JSC KazMunayGas (KMG) reported a contract extension to 2038 for supply from Karachaganak gas-condensate field in Kazakhstan.

Mubadala starts production at Nong Yao in Gulf of Thailand

Jun 18, 2015

Mubadala Petroleum, Abu Dhabi, started production on June 17 from its Nong Yao oil field in the G11/48 concession of the southern Gulf of Thailand. G11/48 covers 3,374 sq km over the southern margin of the Pattani basin and the northwest margin of the Malay basin in 75 m of water.

Petrovietnam acquires Chevron assets in Vietnam

Jun 17, 2015

Petrovietnam has acquired Chevron Corp. assets in Vietnam for an undisclosed price. The deal includes a 42.38% operating interest in a production-sharing contract for Blocks B and 48/95, and a 43.4% operating interest in a PSC for Block 52/97, all offshore southwestern Vietnam.

Salerno considers same-season relief wells basic Arctic offshore tool

Jun 16, 2015

US Bureau of Safety and Environmental Enforcement Director Brian Salerno disagreed with oil and gas industry comments that a requirement in proposed regulations for oil and gas operators working offshore Alaska’s north coast be capable of deploying a same-season relief well to control a blowout as unreasonable and impractical.

ExxonMobil begins Kearl oil sands production

Jun 16, 2015

ExxonMobil Corp. has begun bitumen production at its Kearl oil sands expansion project in Alberta. The company expects output to reach 110,000 b/d, doubling previous Kearl production.

Poor BIA management has hindered tribal energy development, GAO says

Jun 16, 2015

The US Bureau of Indian Affairs does not have data it needs to verify ownership of some Indian oil and gas resources, easily identify resources available for lease, or identify where leases are in effect, the Government Accountability Office said.

Recognize industry know-how in US Arctic policies, API officials urge

Jun 15, 2015

US Arctic oil and gas policies should recognize the industry’s extensive global Far North experience and technology, American Petroleum Institute officials said. “If we don’t use this knowledge, other Arctic nations will move to the forefront of energy development there,” API Upstream Operations Director Erik Milito told reporters at a June 12 briefing.

Statoil lets contracts for Johan Sverdrup drilling

Jun 15, 2015

Statoil ASA has let two contracts to Odfjell Drilling for work in Johan Sverdrup field offshore Norway. The contracts are for the Deepsea Atlantic semisubmersible rig and a fixed-drilling unit yet to be installed. Statoil says the total value of the contracts is 4.3 billion kroner.

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