More Oil & Gas Drilling and Production News

US firms' reported earnings dip in second quarter

Sep 15, 2014

Second-quarter profits for a group of 53 US-based producers and refiners totaled $25.45 billion, which was down 8.1% from the same period in 2013.

Christie calls for North American energy system improvements

Sep 15, 2014

Mexico, Canada, and the US will need to significantly increase investments in energy systems if they expect to achieve the full benefits of a North American energy renaissance, New Jersey Gov. Chris Christie (R) said during a multiday visit to Mexico.

Punitive regs would harm Pennsylvania, PIOGA president says

Sep 15, 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.

Federal judge finds BP E&P negligent in Macondo crude oil spill

Sep 12, 2014

A nearly 5 million bbl crude oil spill following the 2010 Macondo deepwater well blowout in the Gulf of Mexico was the result of operator BP Exploration & Production Inc.'s gross negligence and willful misconduct, a federal district court judge ruled in New Orleans.

Statoil expanding project that captures flare gas in North Dakota

Sep 12, 2014

Statoil ASA says a pilot project that captures flare gas in North Dakota is expanding to power six drilling rigs and a hydraulic fracturing fleet.

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.

Market Connection

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

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Refinery Units and Equipment for Sale (PA)

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