More Oil & Gas Drilling and Production News

Statoil, PTTEP complete Canadian oil sands agreement

May 29, 2014

Statoil AS and Thailand’s PTT Exploration & Production PCL (PTTEP) completed an agreement to divide their interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada, said Statoil.

Environmental activists arrested on Transocean Spitsbergen

May 29, 2014

Police have taken into custody environmental activists from Greenpeace who illegally boarded the Transocean Ltd.’s Spitsbergen drilling rig on May 27.

EIA: US’s crude imports from Mexico lowest since 1993

May 28, 2014

In 2013, Mexico was the third-largest source of crude oil imports to the US, averaging 850,000 b/d, behind Canada and Saudi Arabia, according to the US Energy Information Administration. However, the volumes were the lowest since 1993, reflecting declining production of crude oil in Mexico.

Gulf Coast Western bring onshore Louisiana well blowout under control

May 28, 2014

Gulf Coast Western (GCW) and its operating partner, Alpine Exploration Cos. Inc., both based in Dallas, confirmed that they have brought under control a well blowout in the Mallard Bay marshlands along the southern coast of Louisiana. The Mary O. Long No. 1 well, which was drilled in Cameron Parish, experienced a blowout on Mar. 3 during completion activities.

Royale contracts Kuukpik rig for North Slope drilling

May 28, 2014

Royale Energy Inc., San Diego, has let a contract to Kuukpik Drilling LLC, Anchorage, to provide a drilling rig for its Alaska North Slope shale oil play and 3D conventional target. Kuukpik will provide Rig No. 5 for the 2014-15 winter season to drill two test wells, said Royale.

Spitsbergen rig in Barents Sea boarded by environmentalists

May 27, 2014

The Transocean Ltd.’s ultradeepwater semisubmersible Spitsbergen drilling rig, which has been contracted by Statoil ASA for drilling in the Barents Sea, was boarded May 26 by members of the environmental activist group Greenpeace.

Australian offshore exploration drilling down, costs up

May 27, 2014

Australia is drilling two thirds fewer offshore exploration wells than in 2003, but the total costs of drilling those wells has increased fivefold.

BLM releases EA for Noble Energy’s eastern Nevada gas project

May 26, 2014

The US Bureau of Land Management released an environmental assessment for Noble Energy Inc.’s proposed Huntington Valley natural gas project 7 miles from Jiggs, Nev., an unincorporated community 30 miles south of Elko. Comments will be accepted on it through June 4, BLM said.

Water concerns could limit US oil, gas development, speakers say

May 26, 2014

The oil and gas industry needs to respond more effectively to public concerns about safe water supplies if it expects to realize US unconventional resources' full potential, speakers at Deloitte LLP's 2014 Washington Energy Conference warned.

Mayer Brown: Mexico enacting energy reform amid falling production

May 26, 2014

It easily could take longer than many might expect before state-run Petroleos Mexicanos (Pemex) and other companies are able to unlock Mexico's vast oil and gas resources, said Jordy Herrera, the nation's immediate past secretary of energy, told a Mayer Brown energy conference in Houston on May 15.

Mayer Brown: Brazil reexamines its presalt policies

May 26, 2014

Brazil's government is considering proposals to open operatorship of its presalt projects to companies other than state-run Petroleo Brasileiro SA (Petrobras), and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston on May 15.

Baker Hughes: US drilling rig count declines to 1,857

May 23, 2014

The US drilling rig count dropped 4 units to 1,857 rigs working during the week ended May 23, Baker Hughes Inc. reported.

API: US petroleum demand hits 4-year high in April

May 22, 2014

Total US petroleum deliveries, a measure of demand, increased 2.3% from April 2013 to average 19 million b/d this April, the highest April deliveries in 4 years, the American Petroleum Institute said in its monthly statistical report.

FWS, producers split on proposed changes in wildlife refuge rules

May 21, 2014

The US Fish and Wildlife Service (FWS) believes changes are necessary in regulations covering oil and gas activity within federal wildlife refuges, an FWS official told a US House Natural Resources Committee subcommittee. Three other witnesses representing producers with such operations strongly disagreed, while another from an environmental group called for stricter requirements.

Noble, Woodside terminate $2.5 billion MOU for Leviathan

May 21, 2014

The nonbinding memorandum of understanding (MOU) for the $2.5 billion sale of interest in the Leviathan licenses offshore Israel between Noble Energy Inc. and Woodside Petroleum, first reported in December 2012, has been terminated by the companies.

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