More Oil & Gas Drilling and Production News

Oklahoma reduces wastewater disposal well volumes in Oklahoma, Logan counties

Aug 5, 2015

The Oklahoma Corporation Commission’s Oil & Gas Conservation Division (OGCD) announced plans to reduce oil and gas wastewater disposal well volume in a proscribed area of northern Oklahoma County and southern Logan County to try and reduce earthquakes.

IFC signs financing agreement to assist Argentinian producer

Aug 4, 2015

The International Finance Corp. signed a $520-million financing agreement with Pan American Energy to help the Buenos Aries oil and gas producer develop its resources to help meet Argentina’s rising energy needs.

Mahawar named ONGC director, onshore

Aug 4, 2015

Ved Prakash Mahawar has been named director, onshore, of Oil & Natural Gas Corp. In his new role, Mahawar will oversee all onshore operations.

Woodside lets contract for Browse FLNG project

Aug 3, 2015

Woodside Petroleum Ltd. has let a 12-month, $6-million contract to Wood Group Kenny (WGK) to carry out a front-end engineering and design job for the Woodside-led joint venture’s proposed Browse floating LNG (FLNG) project.

OGUK cites possible production increase for 2015

Aug 3, 2015

Oil & Gas UK says production from the UK Continental Shelf could increase this year for the first time in 15 years.

Cidade de Itaguai FPSO starts production from Santos basin

Aug 3, 2015

The Cidade de Itaguai floating production, storage, and offloading vessel started production on July 31 from the Iracema North area of Lula field on the Petroleo Brasileiro SA-operated BM-S-11 block offshore Brazil.

Starting with what's possible

Aug 3, 2015

Before anyone snickers too loudly that the "comprehensive" energy bill the US Senate Energy and Natural Resources Committee planned to mark up on July 28 contained no significant oil and gas provisions, consider this long-held congressional truth: Start with what's possible before attempting the impossible.

Financial sanctions impact Russian oil, equipment export ban's effects limited

Aug 3, 2015

In reaction to Russia's involvement in the conflict in Ukraine, the European Union and the US have launched two-pronged sanctions against the Russian oil sector.

BHI: Overall US rig count drops slightly, but oil rigs continue rise

Jul 31, 2015

A week after jumping by its highest margin since April 2014, the overall US drilling rig count lost 2 units during the week ended July 31 to settle at 874, according to data from Baker Hughes Inc.

Athabasca’s Hangingstone SAGD project starts oil production

Jul 31, 2015

Athabasca Oil Corp. said the Hangingstone 1 steam-assisted gravity drainage (SAGD) oil sands project in Alberta started oil production in July with six well pairs converted to production.

Industry 2Q earnings, jobs dissolve amid continued oil-price slump

Jul 31, 2015

A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell PLC, conditions are resulting in job cuts.

BLM seeks comments on proposed Fidelity E&P Utah oil and gas project

Jul 30, 2015

The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles northwest of Moab, Utah.

Tawke oil flowing despite pipeline blast

Jul 30, 2015

DNO ASA, Oslo, said oil production from Tawke field in the Kurdistan region of Iraq continues despite shutdown of the pipeline that carries Iraqi crude from Kirkuk to Ceyhan, Turkey, on the Mediterranean.

Gulfport: Utica shale accounts for 97% of overall net 2Q production

Jul 30, 2015

Gulfport Energy Corp., Oklahoma City, reported its second-quarter Utica shale production in Ohio accounted for 97% of its overall net production compared with 79% a year earlier.

Latest Texas Petro Index shows ‘economic disconnect’

Jul 29, 2015

The Texas Petro Index (TPI) for June indicates that crude oil and natural gas production and jobs estimates in the Lone Star State increased from May despite the unfavorable economic climate.

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