More Oil & Gas Drilling and Production News

Four states sue federal government about fracturing regs

Jun 11, 2015

Wyoming filed a federal lawsuit questioning the US Bureau of Land Management's new rules for hydraulic fracturing for onshore drilling on tribal and federal public lands. The states of North Dakota, Colorado, and Utah also joined or planned to join that litigation.

Trade groups question DOI's final updated rule for hydraulic fracturing on public, tribal lands

Jun 11, 2015

Attorneys representing the Independent Petroleum Association of America and Western Energy Alliance (WEA) have filed a lawsuit in US District Court in Wyoming seeking to set aside new hydraulic fracturing regulations from the Department of the Interior.

Foster Creek resumes operations after CLAWR forest fire

Jun 11, 2015

Cenovus Energy Inc. reported on June 11 that it has resumed operations at its Foster Creek oil sands project in northern Alberta after a forest fire on the Cold Lake Air Weapons Range (CLAWR) led to a precautionary, 11-day shutdown of the operation on May 23.

CNOOC’s Dongfang 1-1 field starts first phase gas production

Jun 11, 2015

CNOOC Ltd. reported startup of natural gas production from its Phase 1 adjustment project at Dongfang 1-1 field in the South China Sea.

Hybrid generator cuts fuel use, power costs for Permian operators

Jun 11, 2015

Operators in the Permian basin and elsewhere increasingly are relying upon a hybrid generator that can eliminate the need for a third generator on land drilling rigs and can slash a company's cost for off-grid electric power, reportedly by more than half.

BP: US surpassing Saudis in oil output among world’s ‘tectonic’ energy shifts in 2014

Jun 10, 2015

An eventful 2014 in the world oil and gas markets was headlined by the US overtaking Saudi Arabia as the world’s biggest oil producer and surpassing Russia as the world’s largest producer of both oil and gas, BP PLC said in its 64th Statistical Review of World Energy released June 10.

NEB notes shift to gas-directed drilling in recent years

Jun 10, 2015

Canada’s National Energy Board says the percentage share of rigs in western Canada targeting natural gas has been on the rise since 2012. By late 2014, the majority of rigs were drilling for gas instead of oil, and in January and February of 2015, the share had increased to 62%.

Saskatchewan economic minister sees opportunities despite price environment

Jun 10, 2015

At an energy leaders breakfast during the Global Petroleum Show (GPS) in Calgary June 10, Bill Boyd, Minister of the Economy for Saskatchewan, Canada, spoke about the opportunities for the oil and gas industry in his province, even in the current price environment.

EIA: Continuing but lower global oil inventory builds expected in second half

Jun 9, 2015

Global petroleum liquids production continues to exceed consumption, resulting in inventory builds, the US Energy Information Administration said in its most recent Short-Term Energy Outlook, released this month.

Statoil begins installation work on Asgard subsea compression modules

Jun 9, 2015

Statoil ASA has started installation of the modules comprising the subsea gas compression plant for Asgard field in the Norwegian Sea. A total of 22 modules will be installed and connected, forming two 1,500-tonne compressor trains.

SPE Conference: Heavy oil development requires long-term view, incoming president says

Jun 9, 2015

Speaking to a half-empty auditorium that reflected the tough economic environment of the North American onshore market, Janeen Judah, the incoming president of the Society of Petroleum Engineers, addressed the problems facing heavy oil.

EIA: US shale oil output to decline 91,000 b/d in July

Jun 9, 2015

Crude oil production in July from seven major US shale plays is expected to drop 91,000 b/d to 5.49 million b/d compared with June, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The forecasted decline is up 5,000 b/d compared with June’s decline from May.

Statoil lets contract for Johan Sverdrup utility, living quarters platform

Jun 8, 2015

Statoil ASA has signed an $840-million contract with a joint venture of Kvaerner ASA and KBR Inc. for engineering, procurement, and construction of the topside for the Johan Sverdrup utility and living quarter (ULQ) platform.

UAE’s NDC signs contracts for 14 new rigs

Jun 8, 2015

National Drilling Co. of the United Arab Emirates signed contracts for 14 new rigs for $543 million, the Emirates news agency WAM reported.

Competitive unconventional output gives US diplomatic muscle

Jun 8, 2015

Price declines for crude oil in the last 6 months and natural gas in the last 6 years have made US unconventional producers become more efficient to stay globally competitive that the US still has significant energy geopolitical opportunities, an IHS official told a US House Energy and Commerce subcommittee.

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