More Oil & Gas Drilling and Production News

Fatal Echo platform explosion occurred during maintenance work

Nov 24, 2014

Fieldwood Energy LLC, Houston, reported that the Nov. 20 explosion at its West Delta 105 “E” platform, known as Echo, occurred as employees of Fieldwood-contracted Turnkey Cleaning Services (TCS) were cleaning a heater-treater.

CNOOC starts oil production from Pearl River Mouth basin

Nov 24, 2014

CNOOC Ltd. has started production from the Huizhou 25-8 oil field-Xijiang 24-3 oil field Xijiang 24-1 district joint development project in the Pearl River Mouth basin of the South China Sea.

Keystone strategies

Nov 24, 2014

Politics provided an interesting sideshow to the unsuccessful, ironic, last-minute push in the 113th Congress for sanction of the Keystone XL pipeline. The oil and gas industry shouldn't let that passing amusement distract it from what truly was at stake.

Deloitte: More executives believe US can be self-sufficient in oil

Nov 24, 2014

More oil and gas executives are growing increasingly confident that the US will be self-sufficient in oil in 5-10 years, said a Deloitte survey titled, "2014 Oil & Gas Survey: The Next Chapter of the Energy Renaissance."

North Dakota lawmakers mull Bakken crude regulations

Nov 24, 2014

Oil producers in North Dakota's Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

Mexico moving quickly to implement energy reforms, officials report

Nov 24, 2014

Mexico is moving quickly to implement its aggressive energy reforms, two officials of its government told a conference at the Woodrow Wilson International Center for Scholars.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

Worker killed in platform explosion offshore Louisiana

Nov 21, 2014

An explosion that occurred on Nov. 20 at the Fieldwood Energy LLC-operated West Delta 105 E offshore platform, also known as Echo, in the Gulf of Mexico, 12 miles offshore New Orleans, killed one contracted employee and seriously injuring another, according to reports from the company and US Bureau of Safety and Environmental Enforcement (BSEE).

Petrobras starts production from another Santos basin FPSO

Nov 21, 2014

Petroleo Brasileiro SA (Petrobras) has launched production from the Cidade de Ilhabelha floating production, storage, and offloading vessel in Sapinhoa field of the Santos basin presalt.

Total joins global climate initiatives

Nov 20, 2014

Total SA, in what it describes as a consolidation of its efforts to address climate change, will support initiatives of the United Nations Global Compact, the World Bank, and the Climate and Clean Air Coalition (CCAC).

IHS: ‘Tight-oil test’ under way in US amid lower oil prices

Nov 20, 2014

The vast majority of potential US tight-oil production growth remains economical in the current crude oil price environment, according to a recent report by IHS. About 80% of potential gross US tight-oil capacity additions in 2015 would remain resilient at West Texas Intermediate prices dropped to $70/bbl, the report said.

Maersk Oil lets contract for Culzean field development

Nov 20, 2014

Maersk Oil North Sea UK Ltd. has let a multimillion-pound contract to DNV GL for the Culzean field development project in the UK North Sea.

Apache to sell Louisiana, Anadarko assets for $1.4 billion

Nov 20, 2014

Houston independent Apache Corp. has agreed to sell noncore southern Louisiana and certain Anadarko basin assets in two separate deals for a combined $1.4 billion. Both transactions, effective Oct. 1, are expected to close during the fourth quarter.

NOIA, API studies list benefits of more federal OCS leasing

Nov 19, 2014

Offshore oil and gas leasing in the eastern Gulf of Mexico and on the US Atlantic and Pacific coasts could create more than 838,000 American jobs and raise more than $200 billion in revenue for the government, according to recent studies released jointly by the National Ocean Industries Association and the American Petroleum Institute.

National Forest in Va., W.Va., leaves fracing to state governments

Nov 18, 2014

The George Washington National Forest in Virginia and West Virginia will allow some oil and gas activity using hydraulic fracturing and horizontal drilling under its new final forest plan, which was released in Roanoke, Va., on Nov. 18.

Market Connection

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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