More Oil & Gas Drilling and Production News

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.

Statoil reports 2013 income of $25 billion, to reduce 2014-16 spending

Feb 10, 2014

Statoil ASA reported its 2013 net operating income was $25 billion along with plans to reduce capital expenditures by more than $5 billion from 2014-16.

Buru loads out first Ungani crude

Feb 10, 2014

Buru Energy Ltd., Perth, has completed its first load-out of Ungani field crude from the Port of Wyndham on Cambridge Gulf in the far north of Western Australia.

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

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

Gazprom says gas production from Kirinskoye to start this year

Feb 6, 2014

OAO Gazprom says it will launch commercial gas production this year from the Kirinskoye natural gas-condensate field.

Eland starts oil production from Opuama field in Nigeria

Feb 5, 2014

Eland Oil & Gas PLC has started oil production from Opuama field on the OML 40 license onshore Nigeria.

Total sells block interest offshore Angola for $750 million

Feb 4, 2014

Total SA will sell 15% participating interest the offshore Angola Block 15/06 to Sonangol E&P for $750 million.

Shell starts production from second Mars platform in gulf

Feb 4, 2014

Shell Oil Co. has started production from its Mars B development through Olympus, a tension-leg platform in 3,100 ft of water 130 miles south of New Orleans in the Gulf of Mexico. Shell expects the added production from Olympus to extend the life of the greater Mars basin to 2050 and deliver a resource base of an estimated 1 billion boe.

Anadarko reports fourth-quarter loss, record yearend sales volumes

Feb 4, 2014

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

Deloitte: Production, licensing climb in North Sea for 2013

Feb 3, 2014

An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29.

Saudi foreign relations

Feb 3, 2014

Among the oil market's many uncertainties, a variable receiving too little attention is the most important supplier.

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