More Oil & Gas Drilling and Production News

Baker Hughes: US drilling rig count up to 1,771

Feb 21, 2014

The US drilling rig count was up 7 units to 1,771 rigs working during the week ended Feb. 21, Baker Hughes Inc. reported.

ExxonMobil replaces 103% of 2013 production

Feb 21, 2014

ExxonMobil Corp. replaced 103% of its oil and natural gas production last year with additions to reserves, mostly of crude oil and other liquids.

CAMAC inks FPSO contract for operations offshore Nigeria

Feb 19, 2014

CAMAC Energy Inc., Houston, signed a contract for the floating, production, storage, and offloading vessel Armada Perdana to be used in the company’s operations offshore Nigeria.

EIA: Syria’s oil production unlikely to recover for months, maybe years

Feb 19, 2014

Syria’s oil and gas production is unlikely to recover in the near term because of ongoing hostilities between the Syrian government and opposition forces, the US Energy Information Administration said in an update to its country report on Syria.

Pemex signs contracts for Seadrill jack ups

Feb 18, 2014

Petroleos Mexicanos (Pemex) signed 6-year drilling contracts to use Seadrill Ltd.’s jack up rigs West Oberon, West Intrepid, West Defender, and West Courageous in the Gulf of Mexico. 

Industry urged to change hydraulic fracturing ‘conversation’

Feb 18, 2014

The oil and gas industry needs to change the conversation about hydraulic fracturing by engaging with the public to demystify the process and highlighting efforts to reduce the environmental footprints of drilling and completion.

PNR reports $3.3 billion capex plan for 2014

Feb 17, 2014

Pioneer Natural Resources Co. (PNR), Dallas, reported capital expenditure plans of $3.3 billion for 2014, $2.2 billion of which will be used to target the northern Spraberry-Wolfcamp area in the Midland basin of West Texas.

The orphan well burden

Feb 17, 2014

Amid the many issues that are debated, exaggerated, and understated relating to oil and gas drilling and production, the prevalence of unplugged and abandoned, or "orphaned" wells is one that until recently had been largely overlooked.

Douglas-Westwood: Industry to see increase in FPS deployment in 2014

Feb 17, 2014

Energy industry analyst Douglas-Westwood is forecasting that nearly $100 billion will be spent worldwide on floating production systems (FPS) between 2014-2018, according to a company market report. That would be an increase of 138% over the previous 5-year period.

Baker Hughes: US drilling rig count declines to 1,764

Feb 14, 2014

The US drilling rig count dropped 7 units to 1,764 rigs working during the week ended Feb. 14, Baker Hughes Inc. reported.

ExxonMobil starts production from Damar gas field offshore Malaysia

Feb 14, 2014

ExxonMobil Exploration & Production Malaysia Inc. reported the startup of natural gas production from Damar field, which lies in 55 m of water about 200 km offshore eastern peninsular Malaysia.

Statoil, partners select concept for Johan Sverdrup field

Feb 13, 2014

Statoil ASA and its partners have chosen a concept for the first development phase of Johan Sverdrup field on North Sea’s Norwegian shelf. It will be a field center consisting of four installations and power from shore, the company reported.

Statoil lets contract for Asgard subsea compression stations

Feb 11, 2014

Statoil ASA has let a contract to Technip for future intervention services on the Asgard subsea compression stations.

Apache fracs Wolfcamp wells without fresh water in dry Barnhart project area

Feb 11, 2014

At a site in drought-stricken West Texas, Apache Corp. has devised a system to hydraulically fracture wells in the prolific Wolfcamp shale without using fresh water.

Quick hike seen in Iranian oil output if sanctions lifted

Feb 10, 2014

Iran can push production of crude oil back to 3-3.5 million b/d "relatively quickly" in the absence of international sanctions, says a veteran observer of the Islamic Republic.

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