More Oil & Gas Drilling and Production News

Giant Perla field flows gas off Venezuela

Jul 6, 2015

A 50-50 joint venture of Eni SPA and Repsol SA has started production from giant Perla natural gas field in shallow water offshore Venezuela.

Judge's order delays BLM's implementation of fracing regs

Jul 6, 2015

A federal district judge in Wyoming temporarily delayed the US Bureau of Land Management's implementation of its recently issued hydraulic fracturing regulations.

Big data, more oil

Jul 6, 2015

Development of unconventional resources soon will enter a phase promising to lower the cost of producing oil from shale toward levels normally associated with Saudi Arabia.

Global oil glut continues despite increasing demand

Jul 6, 2015

A year since crude prices plunged, oversupply lingers, evident in a record-setting stock build, as production by members of the Organization of Petroleum Exporting Countries remains far above the group target, squeezing high-cost producers elsewhere.

BHI: US oil rig count rises for first time in 30 weeks

Jul 2, 2015

A sudden 12-unit jump in oil-directed rigs during the abbreviated week ended July 2 represented their first rise since Dec. 5, 2014, and helped lift the overall US drilling rig count for a second consecutive week, according to data from Baker Hughes Inc.

BP to settle federal, state Deepwater Horizon claims for $18.7 billion

Jul 2, 2015

BP Exploration & Production Inc. has agreed in principle to settle all federal and state claims arising from the 2010 Deepwater Horizon incident and subsequent oil spill with payments over 18 years totaling $18.7 billion.

Shell makes FID on Appomattox deepwater development in Gulf of Mexico

Jul 1, 2015

Royal Dutch Shell PLC has taken a final investment decision (FID) on the Appomattox deepwater development, authorizing construction and installation of the company’s eighth and largest floating platform in the Gulf of Mexico.

BHP, Woodside move to decommission Stybarrow field

Jul 1, 2015

BHP Billiton Ltd. and Woodside Petroleum Ltd. have started preparations for decommissioning of the Stybarrow group of oil fields in production licence WA-32-L offshore Western Australia towards yearend. The field has been producing for 8 years.

Tullow Oil provides production update on Jubilee, other fields

Jul 1, 2015

Tullow Oil PLC reported that gross production for the Jubilee field offshore Ghana averaged 105,000 b/d in this year’s first half, up from 102,000 b/d in 2014.

Statoil to suspend Scarabeo 5 drilling rig

Jul 1, 2015

Due to overcapacity in its rig portfolio, Statoil ASA said it has decided to suspend Saipem’s Scarabeo 5 dynamically position drilling rig after it completes a well in Kristin field in August. The suspension is scheduled until Mar. 1, 2016.

FWS issues Shell letter of authorization on Chukchi Sea lease

Jul 1, 2015

The US Fish & Wildlife Service issued Shell Gulf of Mexico Inc. a letter of authorization (LOA) related to the potential disturbance of polar bears and Pacific walrus resulting from the company’s proposal to operate two drilling rigs in the Chukchi Sea this summer.

USGS: Water usage for fracturing varies widely across shale plays

Jul 1, 2015

The volume of water required to hydraulically fracture wells varies widely across the country, according to the first national analysis and map of hydraulic fracturing water usage detailed in a recent US Geological Survey study.

Forum extends study of subsea integrity

Jun 30, 2015

Work by an industry forum called SURF IM Network, which studies oil and gas subsea integrity management, has been extended by 3 years.

Contract let for converting FPSO for use in Libra field

Jun 30, 2015

Jurong Shipyard Pte. Ltd. has let a topsides detailed engineering and procurement services contract to Technip SA as part of the conversion of a shuttle tanker into a floating production, storage, and offloading vessel, built at the Jurong Shipyard in Singapore.

Survey begins of collaboration on the UKCS

Jun 30, 2015

Deloitte has begun a survey about collaboration in the oil and gas producing industry of the UK Continental Shelf.

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