More Oil & Gas Drilling and Production News

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.

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.

Yinka-led group takes FID on Aje oil field offshore Nigeria

Oct 10, 2014

A group led by Lagos-based independent Yinka Folawiyo Petroleum Co. Ltd. have taken a final investment decision on developing the $220-million first phase of the Aje shallow-water oil field offshore western Nigeria.

Gassco takes operatorship of Valemon gas pipeline

Oct 9, 2014

Norway’s Gassco AS has taken over operatorship of the 177-km, 22-in. Valemon rich gas pipeline following approval of a pressure test.

Windy Cove to invest $700 million in US carbon dioxide EOR projects

Oct 9, 2014

Blackstone Energy Partners and Blackstone Group affiliates have formed Windy Cove Energy LLC with a commitment to invest as much as $700 million of equity to acquire and develop carbon dioxide enhanced oil recovery assets in the US.

EIA: Crude oil prices held down by rising global supply, lower demand

Oct 8, 2014

With global demand forecasts being revised lower while supply continues to rise, North Sea Brent crude oil prices have fallen to about $91/bbl—the lowest level in more than 2 years and 21% lower than its 2014 daily peak of $115/bbl on June 19.

Lukoil commissions Imilorskoye field in West Siberia

Oct 8, 2014

OAO Lukoil reported commissioning of Imilorskoye field in western Siberia.

Shell starts oil production from Gumusut-Kakap off Malaysia

Oct 8, 2014

Royal Dutch Shell PLC has started oil production from the Gumusut-Kakap floating production platform offshore Malaysia. Gumusut-Kakap field lies in 1,200 m of water.

Stone to lease Ensco 8503 deepwater rig

Oct 7, 2014

Stone Energy Corp., Lafayette, La., has agreed to lease the Ensco 8503 dynamically positioned deepwater drilling rig for Stone’s multiyear deepwater drilling program in the Gulf of Mexico.

EIA continues to cut price forecasts for US crude oil, gasoline

Oct 7, 2014

Weakening global demand and higher Libyan oil exports have driven down North Sea Brent crude oil spot prices to an average of $97/bbl in September, a decrease of $5/bbl from August and the first month Brent crude oil prices have fallen below $100/bbl since June 2012.

Wintershall lets subsea contract to FMC for $280 million

Oct 7, 2014

Wintershall Holding GMBH has let a $280 million subsea contract to FMC Technologies for the Maria development in the Norwegian Sea.

Eni: World oil, gas reserves continue to rise

Oct 6, 2014

Italy’s Eni SPA has published its thirteenth edition of the World Oil & Gas Review, the annual statistics review of world oil and gas production, reserves, and consumption, with a particular focus on refining industry and crude quality.

Nelson-Farrar monthly cost indexes

Oct 6, 2014

Hydraulic fracturing battle has moved to several local ballot boxes

Oct 6, 2014

Opponents of hydraulic fracturing, horizontal drilling, and other unconventional oil and gas development technologies have changed their focus to local governments.

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

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mac-weld machinery

MAC-WELD Machining Ltd.

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Coker Unit For Sale

Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate...
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.

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