More Oil & Gas Drilling and Production News

PNR head urges DOC to issue condensate export permits to others

Oct 27, 2014

The head of an independent oil and gas company that in late June received one of the first two federal approvals to export condensate urged the US Department of Commerce to begin issuing similar permits to other applicants.

EIA continues to cut price forecasts for US crude oil, gasoline

Oct 27, 2014

Weakening global demand and higher Libyan oil exports have driven down North Sea Brent crude oil spot prices to an average of $97/bbl in September, a decrease of $5/bbl from August and the first month Brent crude oil prices have fallen below $100/bbl since June 2012.

API: US petroleum demand falls in September, third quarter

Oct 27, 2014

Total US petroleum deliveries, a measure of demand, averaged 18.6 million b/d last month, down 3.5% from September 2013, as stated in the latest monthly statistics from the American Petroleum Institute. For the third quarter, petroleum deliveries fell 0.9% from the same period last year.

BHI: Permian, Eagle Ford help boost US rig count 9 units to 1,927

Oct 24, 2014

The US drilling rig count gained 9 units to reach 1,927 rigs working during the week ended Oct. 24, boosted by gains in Texas, Baker Hughes Inc. reported.

Petrotrin restarts production from Southwest Soldado field

Oct 21, 2014

Trinidad and Tobago’s Petrotrin LLC has reported it will restart production from its Southwest Soldado field, adding 6,000 b/d of oil to its production.

Momentum shifts in favor of development in Colorado

Oct 21, 2014

-Momentum appears to be shifting in the oil and gas industry's favor in Colorado after Gov. John Hickenloooper brokered a compromise that keeps off the November ballot two initiatives that were poised to place greater restrictions on development, and legal and political setbacks befell separate local measures that sought to restrict or ban hydraulic fracturing.

Texas earthquakes prompt regulators to take action

Oct 21, 2014

A series of unusual earthquakes in North Texas is prompting state regulators to look closely at a potential link between seismic activity and wastewater injection wells.

Illinois shale exploration remains in limbo as regulators consider draft fracing rules

Oct 21, 2014

Illinois is making progress toward a regulatory framework for hydraulic fracturing after the Illinois Department of Natural Resources (IDNR) released a second set of draft rules for the well stimulation process in late August.

ADMA-OPCO, BP sign EOR agreement

Oct 20, 2014

Abu Dhabi Marine Operating Co. (ADMA-OPCO) and BP have signed an agreement on new technology for enhanced oil recovery (EOR) in carbonate reservoirs.

Oil production begins at Umm Lulu offshore Abu Dhabi

Oct 20, 2014

Inpex Corp. reported the start of oil production from Umm Lulu field offshore Abu Dhabi.

Greenland's premier outlines deliberate, resolute resources approach

Oct 20, 2014

Greenland is moving deliberately, but resolutely, in preparing to develop its oil and gas and other mineral resources, its premier said at the Brookings Institution.

Countries, oil and gas firms launch methane taskforce at UN meeting

Oct 20, 2014

Governments of major producing countries and six multinational oil and gas companies formed a methane emissions reduction taskforce during the United Nation's global climate change summit in New York.

Vaalco launches Etame Marin drilling campaign offshore Gabon

Oct 17, 2014

Vaalco Energy Inc., Houston, has spudded the first well of a six-well development drilling campaign on the Etame Marin block offshore Gabon. Production from this well, Etame 8-H, is expected in December.

API: US petroleum demand falls in September, third quarter

Oct 17, 2014

Total US petroleum deliveries, a measure of demand, averaged 18.6 million b/d last month, down 3.5% from September 2013, as stated in the latest monthly statistics from the American Petroleum Institute. For the third quarter, petroleum deliveries fell 0.9% from the same period last year.

BHI: US drilling rig count drops 12 units to 1,918

Oct 17, 2014

The US drilling rig count declined 12 units to settle at 1,918 rigs working during the week ended Oct. 17, Baker Hughes Inc. reported.

Market Connection

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