More Oil & Gas Drilling and Production News

Contract let for field work onshore Brazil

May 8, 2015

Parnaiba Gas Natural (PGN) has let a contract to a consortium involving Fluor Corp. and Construcap CCPS Engenharia e Comercio related to development of Gaviao Branco natural gas field in Maranhao, Brazil.

Study shows proposed Pennsylvania gas severance tax would be costly

May 7, 2015

A proposed natural gas severance tax in Pennsylvania would have negative economic consecutives for the state, according to a Natural Resource Economics Inc. study released May 7 by the Associated Petroleum Industries of Pennsylvania (API-PA).

Chesapeake reports 1Q net loss of $3.782 billion

May 7, 2015

Chesapeake Energy Corp., Oklahoma City, reported a first-quarter net loss of $3.782 billion, down from a net income of $374 million in first-quarter 2014.

Apache reports 1Q net loss of $4.7 billion

May 7, 2015

Apache Corp. reported a first-quarter net loss of $4.7 billion, including an aftertax ceiling-test write down of $4.7 billion due to “substantially lower commodity prices.”

OTC: BSEE reports 100% SEMS compliance after first cycle

May 7, 2015

Representatives from the US Bureau of Safety and Environmental Enforcement (BSEE) assessed the progress of the agency’s Safety and Environmental Management System (SEMS) initiative at an Offshore Technology Conference breakfast in Houston on May 7.

OTC: Many variables dictate N. America’s emergence as a global energy force

May 6, 2015

North American businesses and governments must work together toward the collective goal of advancing the continent’s energy aspirations. That was the message delivered by producers and government officials during a May 5 panel discussion at the Offshore Technology Conference in Houston.

Crude export ban could endanger US oil renaissance, Encana CEO warns

May 6, 2015

The plunge in crude oil prices since last summer is creating adverse impacts sooner than expected, and could endanger the economic renaissance the US has undergone from its dramatically increased production if crude exports are not authorized soon, Encana Corp. Chief Executive Officer Douglas J. Suttles warned.

DNO doubles Tawke capacity, reports lower 1Q revenue

May 6, 2015

DNO ASA reported it has doubled to 200,000 bo/d the production capacity from Tawke field in the Kurdistan region of Iraq.

Husky Energy reports net earnings of $191 million (Can.)

May 6, 2015

Husky Energy Inc. reported first-quarter net earnings of $191 million (Can.) compared with a loss of $603 million in the previous quarter and year-ago earnings of $662 million.

OTC: New IADC well-control training program targets individual jobs

May 6, 2015

An industry-wide collaboration enabled the International Association of Drilling Contractors to develop a new well-control training and assessment program that is targeted toward an individual’s actual job, IADC executives told an Offshore Technology Conference news briefing May 6 in Houston.

OTC: BSEE director says industry on probation as far as public trust

May 6, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

OTC: Shell determined to proceed with drilling in US Arctic

May 6, 2015

Despite numerous regulatory hurdles and impassioned resistance from environmentalists, Royal Dutch Shell PLC maintains that it is on track to drill two wells in the Chukchi Sea during drilling season this summer.

OTC: IHS’s Fryklund: Deepwater will be vital to maintaining global supply

May 5, 2015

A major challenge ahead for the offshore oil and gas industry will be figuring out how to fill the 50 million-b/d gap in liquids production that will be needed to match rising demand by 2040, IHS Energy Chief Upstream Strategist Bob Fryklund told attendees May 4 at the Offshore Technology Conference in Houston.

Wintershall submits development plan for Maria field offshore Norway

May 5, 2015

Wintershall Holding GMBH submitted a plan for development and operation (PDO) for Maria field in the Norwegian Sea to the Norwegian Ministry of Petroleum and Energy.

OTC: Brazil’s 13th bid round will be concession model, energy minister says

May 5, 2015

Brazil will use a concession model rather than a production-sharing model in the country’s 13th bid round later this year. The 269 blocks to be auctioned in the fourth quarter are outside of the presalt area and can be explored by any operator without a Brazilian partner, said Eduardo Braga, Brazil’s minister of mining and energy.

Market Connection

process units at aruba

FOR SALE:Process Units at Aruba

Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate...
Coker Unit For Sale: Unused equipment from cancelled Coker Project for Sale, stored US Gulf Coast. Accessible to water transport. Rating: Feed rate 45,000 BPD, Production: 2,500 short tons per day. Two drums 29’diameter each, chrome steel, stainless lined. Fractionator is 16’ dia x 110’ partially stainless lined. Additional Oil Refinery Process Units Available: Crude Units, Hydrotreaters, Sulfur Recovery Units, Visbreaker Hydrogen plants and twonew  coke drums, unused, stored west coast. Contact: carlvalentino21@gmail.com , 832.723.7545

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...
sulphur recovery unit

FOR SALE: Sulphur Recovery Unit

For Sale: Sulphur Recovery Unit F/E 3,074 sf ea. 2,130 psi shell, 347ss 1,955 psi tubes, 321 ss, UNUSED $300,000 each, SRU 48TPD w/Tail Gas Treater...
mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
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...
Stay Connected