More Oil & Gas Drilling and Production News

Gazprom Neft takes first batch of Iraqi crude

Apr 9, 2015

JSC Gazprom Neft has received the first delivery of Kirkuk-grade oil from Iraq as compensation for its investment in Badra field development in Wasit province.

Partners curtail drilling at Manora development off Thailand

Apr 9, 2015

Development drilling in Manora oil field offshore Thailand has been curtailed with operator Mubadala Petroleum and joint-venture partner Tap Oil Ltd. deciding to postpone indefinitely the drilling of two production wells and one injection well.

EIA: US held spot as world’s largest producer of petroleum, gas in 2014

Apr 8, 2015

US production volumes of petroleum and natural gas remained tops in the world in 2014, exceeding that of both Russia and Saudi Arabia, according to estimates from the US Energy Information Administration.

PGC report: US gas resource base reaches a record 2,515 tcf

Apr 8, 2015

Unconventional natural gas production is proving to be more durable than many people expected, officials said as the Potential Gas Committee released its 2014 yearend report indicating that the US has a record 2,515 tcf technically recoverable gas resource base.

COS report finds US offshore operations safer, can improve

Apr 8, 2015

The US offshore oil and gas industry is safer than ever, though there is still room to improve, according to the first annual performance report released Apr. 8 by the Center for Offshore Safety (COS).

Cedigaz: Russian gas market ‘facing numerous challenges’

Apr 8, 2015

The next decade will be critical for the Russian natural gas industry with the outcome largely depending on the nation’s pricing and institutional policies, according to a Cedigaz report, “Russian Gas Market: Entering New Era.”

Shell to acquire BG Group for $70 billion

Apr 8, 2015

Royal Dutch Shell PLC has agreed to acquire BG Group PLC in a $70.1-billion cash and shares deal intended to sharpen Shell’s focus on integrated gas projects and deep water.

EIA: Global oil inventories continue to build

Apr 7, 2015

Global oil production continues to exceed demand, resulting in inventory builds, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO).

AWE starts oil production from Pateke-4H in Tui area

Apr 7, 2015

AWE Ltd. has completed its subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system.

Cairn India seeks to triple gas production from RJ block

Apr 6, 2015

Cairn India Ltd. is seeking to triple natural gas production from the RJ block in Rajasthan by drilling a minimum of 42 wells in the next 3 years.

Texas pipelines to have $374-billion economic impact through 2024

Apr 6, 2015

Between the current year and 2024 the Texas pipeline industry will generate cumulative economic impacts (in today's dollars) of around $374 billion in economic output, $212 billion in additional gross state product, and contribute $19.5 billion to state and local government revenues.

Western governors group releases 2014 greater sage grouse inventory

Apr 6, 2015

Western US governors released their 2014 Sage Grouse Inventory, which highlights conservation efforts by public, private, and nongovernment organizations during the past year to protect the bird’s 11-state habitat. Several Rocky Mountain oil and gas producers are actively involved.

Hydrocyclone study enables GOSP debottlenecking

Apr 6, 2015

This article describes Saudi Aramco's efforts in confirming the adaptability of hydrocyclone technologies in debottlenecking a gas-oil separation plant (GOSP).

GOM Revenue Sharing-2: GOMESA Phase II revenues impacted by several factors

Apr 6, 2015

The first phase of the 2006 Gulf of Mexico Energy Security Act (GOMESA) regulated revenue sharing in the gulf's 181 Area and 181 South Area.

Novel completions increase horizontal well production

Apr 6, 2015

Two novel completion techniques that solve the problems of acid fracturing in complex carbonate horizontal wells have been successfully implemented in China. Using them has enhanced production in the Tarim, Sichuan, Bohai Gulf, and Ordos basins.

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