More Oil & Gas Drilling and Production News

BHI: US rig count continues upward trend, reaches 1,931 units

Sep 12, 2014

The US drilling rig count increased 6 units to reach 1,931 rigs working during the week ended Sept. 12, Baker Hughes Inc. reported.

Surmont files OSCA application with AER for Wildwood oil sands project

Sep 12, 2014

Surmont Energy Ltd., Calgary, has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Wildwood steam-assisted gravity drainage (SAGD) project.

Statoil starts production from two ‘fast-track’ fields

Sep 10, 2014

Statoil ASA reported production startups for two “fast-track” fields in the Norwegian North Sea.

Lukoil loading more shipments of West Qurna-2 oil

Sep 9, 2014

The Achilleas and Front Kathrine, each a 2-million bbl oil carrier charted by OAO Lukoil international marketing and trading unit Litasco, have begun loading in the southern Iraqi port of Basra to transport buyback oil as part of the West Qurna-2 project.

BPTT lets contract for Juniper project off Trinidad and Tobago

Sep 9, 2014

BP Trinidad & Tobago LLC (BPTT) has let an engineering, procurement, installation, and construction (EPIC) contract to Technip SA for development of the Juniper natural gas project off the southeast coast of Trinidad and Tobago. The contract total ranges €250-500 million.

WHL could take on stand-alone gas development in Otway basin

Sep 9, 2014

WHL Energy Ltd., Perth, has raised the possibility of a stand-alone gas development in its Otway basin acreage offshore Victoria.

Punitive regulations would harm Pennsylvania, PIOGA president says

Sep 8, 2014

A severance tax and other election-year proposals potentially could dismantle Pennsylvania’s unprecedented natural gas production growth, the Pennsylvania Independent Oil & Gas Association’s president warned.

Shell begins production from Cardamom in Gulf of Mexico

Sep 8, 2014

Royal Dutch Shell PLC has started production from its Cardamom development on Garden Banks Block 427, 225 miles southwest of New Orleans in the Gulf of Mexico.

BLM announces California oil, gas strategy as CCST issues report

Sep 8, 2014

The US Bureau of Land Management's California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

Shell submits revisions to its 2015 Chukchi Sea exploration plan

Sep 8, 2014

Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed.

Deals with CNPC seen good for Russian firms

Sep 8, 2014

Russia's recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody's Investors Service.

WRI: Shale oil, gas face tight competition for water

Sep 8, 2014

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report.

Fitch: Drilling downturn might prompt some consolidation

Sep 8, 2014

A cyclical downturn in offshore drilling might provide an opportunity for driller contractors having financial flexibility to buy their peers at favorable prices, Fitch Ratings of Chicago said in a recent research note, adding that master limited partnerships (MLPs) in particular can provide financial flexibility.

Drilling begins on Manora oil development offshore Thailand

Sep 5, 2014

A joint venture led by Mubadala Petroleum, Abu Dhabi, has spudded the first of 15 planned development wells in the Manora oil development in the northern Gulf of Thailand.

BHI: US rig count posts double-digit gain for second straight week

Sep 5, 2014

The US drilling rig count gained 11 units to reach 1,925 rigs working during the week ended Sept. 5, Baker Hughes Inc. reported.

Market Connection

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