More Oil & Gas Drilling and Production News

PERMIAN Briefs

Feb 1, 2014

QEP to run six rigs on new Permain acreage

Feb 1, 2014

QEP Energy Co. expects to add four rigs this year to two already drilling on Permian basin acreage it is acquiring from EnerVest Ltd. for $950 million.

EAGLE FORD Briefs

Feb 1, 2014

Cabot fuels Marcellus operations with gas

Feb 1, 2014

Cabot Oil & Gas Corp. is reducing costs and lowering emissions at its Marcellus shale operations by using natural gas as fuel for its equipment.

Total starts production at Itau Phase 2

Jan 31, 2014

Total SA has started production from Phase 2 of the Itau natural gas-condensate field on Block XX (Tarija Oeste) in the Andean Cordillera foothills of Bolivia.

Baker Hughes: US drilling rig count climbs to 1,785

Jan 31, 2014

The US drilling rig count gained 8 units to reach 1,785 rigs working during the week ended Jan. 31, Baker Hughes Inc. reported.

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

Jan 31, 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

West Chirag platform starts production off Azerbaijan

Jan 30, 2014

Azerbaijan International Operating Co. (AIOC) has started oil production from the West Chirag platform in the Azeri-Chirag-Gunashli (ACG) complex of fields offshore Azerbaijan in the Caspian Sea.

Apache plans further development for active Egyptian program

Jan 30, 2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Index reveals record year for Texas oil, gas production

Jan 30, 2014

The Texas Petro Index, a composite index based on a comprehensive group of upstream economic indicators, showed that crude oil production in the Lone Star State increased 21% in 2013 compared with 2012, reaching volumes not seen since 1985.

Shell cancels 2014 drilling off Alaska in court decision’s wake

Jan 30, 2014

Royal Dutch Shell PLC will not resume activity on federal leases it holds offshore Alaska in 2014 because a US appeals court’s Jan. 22 decision in a 2008 lawsuit against the US Department of the Interior has created significant uncertainties, company officials stated.

Quick hike seen in Iranian oil output if sanctions lifted

Jan 29, 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.

Deloitte: North Sea production, licensing up in 2013

Jan 29, 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.

Jalila field off Dubai due second platform

Jan 28, 2014

State-owned Dubai Petroleum Establishment has let a contract to Technip for a second platform in the development of Jalila oil field, a 2010 discovery made in the sidetrack of a reentered 1986 dry hole offshore Dubai.

Watching Government: An exchange of letters

Jan 27, 2014

On one hand, a Jan. 16-17 exchange of letters between leaders of 18 national environmental organizations and the Obama administration simply may have been political posturing before 2014's real work begins. On the other, it could be a timely reminder of where the White House stands on climate and energy.

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