More Oil & Gas Drilling and Production News

Noble, Nepco sign gas supply deal for Leviathan production

Sep 4, 2014

Noble Energy Inc., Houston, reported signing a nonbinding letter of intent (LOI) to supply natural gas from Leviathan field offshore Israel to Jordan’s National Electric Power Co. Ltd. (Nepco).

Nova Scotia prohibits hydraulic fracturing

Sep 4, 2014

The government of Nova Scotia has imposed an indefinite ban on hydraulic fracturing onshore.

Statoil shuts down production from Huldra platform

Sep 3, 2014

Statoil ASA has permanently shut down production from its Huldra field platform on PL051/052 in the North Sea. The platform’s production lifespan outlasted its original plan by 6 years.

Consortium starts drilling UK Horse Hill oil well

Sep 3, 2014

Horse Hill Developments Ltd., a London joint venture, spudded the Horse Hill-1 oil well after a series of weather delays for Surrey field, which is part of petroleum exploration and development license 137. Several consortium partners confirmed drilling has started.

Gas production set to resume at In Amenas gas facilities

Sep 2, 2014

Statoil ASA and partners BP PLC and Algerian state-owned Sonatrach are set to resume “ordinary operations” at the In Amenas gas production facility of eastern Algeria near the Libyan border 19 months after it was seized by Islamic militants.

Gazprom Neft starts deliveries of Badra field production to main pipeline

Sep 2, 2014

JSC Gazprom Neft has reported that oil production from Badra field in Iraq is being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra.

Nelson-Farrar monthly cost indexes

Sep 1, 2014

OGJ100 group posts lower 2013 earnings

Sep 1, 2014

Oil & Gas Journal's survey of the 100 leading oil and gas producing firms based outside the US reveals that 2013 net income and revenues fell modestly from 2012 results in most regions except Canada.

WoodMac: Norway's 10 billion bbl of undeveloped resources could net $106 billion

Sep 1, 2014

Norway holds 10 billion boe of discovered but undeveloped natural resources, of which 60% could be commercialized and potentially add $106 billion to the country's revenues, Wood Mackenzie reported in its latest upstream estimates released Aug. 26 at the Offshore Northern Seas conference in Stavanger.

EIA: Brent crude oil price stability continues

Sep 1, 2014

Spot prices of Brent crude oil averaged $107/bbl in July, marking the 13th consecutive month in which the average price has ranged $107-112/bbl.

Gazprom Neft starts exploratory drilling in Iraq's Kurdistan region

Sep 1, 2014

JSC Gazprom Neft has commenced with exploratory drilling on the Shakal block in the southwest part of Iraq's Kurdistan region.

BLM announces California oil, gas strategy as CCST issues report

Aug 29, 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.

BHI: US rig count recoups last week’s losses, jumps to 1,914

Aug 29, 2014

The US drilling rig count jumped 18 units to reach 1,914 rigs working, gaining back the 17 units it lost last week plus one, during the week ended Aug. 29, Baker Hughes Inc. reported.

VAALCO updates operations offshore Gabon

Aug 29, 2014

VAALCO Energy Inc. provided an update on its operations offshore Gabon.

India’s ONGC to invest in Daman development in Arabian Sea

Aug 29, 2014

India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the Arabian Sea.

Market Connection

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