More Oil & Gas Drilling and Production News

Statoil cancels contract for COSL Pioneer drilling rig

Jun 24, 2015

Statoil ASA has canceled its contract for the COSL Pioneer drilling rig. The expiry date was August 2016.

Subsea structures en route to Erha North Phase 2 offshore Nigeria

Jun 23, 2015

Aveon Offshore Ltd. has completed fabrication, testing, load-out, and sail-away of five suction piles, production and water-injection manifolds, and a riser-base lift module with a choke-loop bridge for the Erha North Phase 2 project offshore Nigeria.

Newly formed Quadrant Energy to decommission East Spar buoy

Jun 23, 2015

One of the first intentions of newly formed Quadrant Energy Pty. Ltd., Perth, is to remove the East Spar field navigation, communication, and control buoy, thus ending an era in remote offshore site operations.

Salerno considers same-season relief wells basic Arctic offshore tool

Jun 22, 2015

US Bureau of Safety and Environmental Enforcement Director Brian Salerno disagreed with oil and gas industry comments that a requirement in proposed regulations for oil and gas operators working offshore Alaska’s north coast would be capable of deploying a same-season relief well to control a blowout as unreasonable and impractical.

OGJ Newsletter

Jun 22, 2015

US crude export debate increasingly geopolitical, EIA conference told

Jun 22, 2015

The ongoing debate over whether more US crude oil exports should be authorized has more in common with conditions in the 1980s when supplies were ample and prices were low than the 1970s when supplies were tight and prices were high, a leading market observer said.

Watching Government: Considering energy R&D

Jun 22, 2015

Moving from research to development (R&D) became a recurring question as the US Senate Energy and Natural Resources Committee considered 43 separate bills on June 9.

Study outlines policy strategy for unconventional development

Jun 22, 2015

Unconventional oil and gas presents perhaps the single largest opportunity to improve the trajectory of the US economy, according to a report released by Harvard University Business School (HBS) and Boston Consulting Group Inc. (BCG).

CAPP: Canadian production to reach 5.3 million b/d by 2030

Jun 22, 2015

The Canadian Association of Petroleum Producers (CAPP) estimates production of Canadian oil will increase 43% over 16 years to 5.3 million b/d by 2030 compared with 3.7 million b/d in 2014.

BHI: Down just 2, US rig count posts smallest decline of 28-week slide

Jun 19, 2015

Posting its smallest decline of the now 28 consecutive weeks of losses, the US drilling rig count dropped just 2 units during the week ended June 19 to settle at 857 rigs working, according to data from Baker Hughes Inc.

Gassco to operate Johan Sverdrup gas line in North Sea

Jun 19, 2015

Norwegian state-owned Gassco reported it will take over operatorship of the 156-km natural gas transportation system from Johan Sverdrup field in the North Sea when it becomes operational.

WoodMac: Western Canadian liquids production on upward trajectory starting in 2016

Jun 19, 2015

Wood Mackenzie Ltd. believes the economics of core areas within shale plays in western Canada will yield comparable returns to key producing plays in the US Lower 48.

Erin Energy starts production from Oyo-7 offshore Nigeria

Jun 18, 2015

Erin Energy Corp., the Houston-based firm formerly known as Camac Energy Inc., has started production from the Oyo-7 well in OML 120 offshore Nigeria. Erin Energy operates Oyo field with 100% interest.

Gazprom, KMG extend Karachaganak supply contract to 2038

Jun 18, 2015

OAO Gazprom and JSC KazMunayGas (KMG) reported a contract extension to 2038 for supply from Karachaganak gas-condensate field in Kazakhstan.

Mubadala starts production at Nong Yao in Gulf of Thailand

Jun 18, 2015

Mubadala Petroleum, Abu Dhabi, started production on June 17 from its Nong Yao oil field in the G11/48 concession of the southern Gulf of Thailand. G11/48 covers 3,374 sq km over the southern margin of the Pattani basin and the northwest margin of the Malay basin in 75 m of water.

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