More Oil & Gas Drilling and Production News

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.

‘Hydrocarbon leak’ shuts production at Statoil’s Snorre B platform

May 19, 2014

Statoil ASA has shut down production from the Snorre B platform after it experienced a hydrocarbon leak into a recently identified crater measuring 100 cu m affiliated with a well at one of four seabed production frames, a company spokesman told OGJ on May 19. The crater was spotted May 17 after a routine inspection by a remotely operated underwater vehicle.

Eldfisk 2/7 S topside en route to southern North Sea

May 19, 2014

The Kvaerner ASA-constructed Eldfisk 2/7 S topside, completed in April, has departed the company’s yard in Stord and is en route to the Greater Ekofisk area of the southern North Sea.

Watching Government: More quakes in Oklahoma

May 19, 2014

The rate of earthquakes in Oklahoma has increased by about 50% since October 2013, significantly increasing the chance for a damaging quake in central Oklahoma, the US Geological Survey and Oklahoma Geological Survey jointly said on May 5.

OTC: Robust US energy policy will strengthen economy, lawmaker says

May 19, 2014

Anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and gas compared with today's production levels, panelists told the Offshore Technology Conference during a May 6 session entitled, "Global Energy Outlook: Shaping the Future."

Chesapeake to spinoff oil field services unit, divest $4 billion in assets

May 16, 2014

Chesapeake Energy Corp., Oklahoma City, has decided to proceed with spinning off its oil field services business, currently conducted through its wholly owned subsidiary Chesapeake Oilfield Operating LLC (COO), almost 3 months after reporting that a spinoff or outright sale of the business was under consideration (OGJ Online, Feb. 24, 2014). COO will also convert into a corporation and change its name to Seventy Seven Energy Inc.

Baker Hughes: US drilling rig count lifts to 1,861

May 16, 2014

The US drilling rig count gained 6 units to 1,861 rigs working during the week ended May 16, Baker Hughes Inc. reported.

EnQuest eyes second-half Alma-Galia start

May 16, 2014

EnQuest PLC, London, expects production to start in this year’s second half from its redevelopment of Alma and Galia oil fields in the UK North Sea.

Petrobras sets daily production record in Brazil’s offshore presalt

May 16, 2014

Petroleo Brasileiro SA (Petrobras) has surpassed 470,000 b/d in the presalt layer of the Santos and Campos basins offshore Brazil, a new daily production record according to the company.

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