More Oil & Gas Drilling and Production News

DOI proposes new offshore BOP, well-control regulations

Apr 14, 2015

The US Department of the Interior proposed offshore oil and gas well-control regulations with more stringent design requirements and operational procedures for blowout preventers (BOPs) and blowout prevention technologies.

IHS: Eagle Ford completions pending

Apr 13, 2015

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators.

The price signal

Apr 13, 2015

Price, as everyone knows, represents a signal to buyers and sellers about conditions in the oil market. It's information that guides behavior.

EIA: Global oil inventories continue to build

Apr 13, 2015

Global oil production continues to exceed demand, resulting in inventory builds, according to the US Energy Information Administration's most recent Short-Term Energy Outlook (STEO).

Watching Government: Fighting for offshore access

Apr 13, 2015

Amid loud celebrations of US onshore oil and gas potential from tight shale formations, National Ocean Industries Association Pres. Randall B. Luthi works hard to remind policymakers that what's waiting to be discovered and produced offshore still matters.

RFF speakers relay challenges faced by Alaskan offshore oil developers

Apr 13, 2015

Significant problems ranging from the lack of deepwater ports and spill-response systems to potential impacts on wildlife and indigenous populations need to be solved before US Arctic offshore oil exploration and production moves ahead, speakers agreed at a Resources for the Future (RFF) event.

A memo to Canada

Apr 12, 2015

TO: Canada
FROM: The United States
SUBJECT: Resource development

BHI: US rig count falls under 1,000 for first time since 2009

Apr 10, 2015

After noticeably slowed declines over the previous 2 weeks, the US drilling rig count fell 40 units to 988 rigs working during the week ended Apr. 10, settling under 1,000 for the first time since Sept. 11, 2009, according to data from Baker Hughes Inc.

MARKET WATCH: Crude oil prices rebound on volatile New York, London markets

Apr 10, 2015

US light, sweet crude oil prices and Brent crude oil prices regained some strength Apr. 9 after both plunged by more than $3.50/bbl the previous day on a volatile market for the week while many traders anticipate a recovery for crude oil although the timing of the recovery is uncertain.

Gazprom Neft takes first batch of Iraqi crude

Apr 9, 2015

JSC Gazprom Neft has received the first delivery of Kirkuk-grade oil from Iraq as compensation for its investment in Badra field development in Wasit province.

Partners curtail drilling at Manora development off Thailand

Apr 9, 2015

Development drilling in Manora oil field offshore Thailand has been curtailed with operator Mubadala Petroleum and joint-venture partner Tap Oil Ltd. deciding to postpone indefinitely the drilling of two production wells and one injection well.

EIA: US held spot as world’s largest producer of petroleum, gas in 2014

Apr 8, 2015

US production volumes of petroleum and natural gas remained tops in the world in 2014, exceeding that of both Russia and Saudi Arabia, according to estimates from the US Energy Information Administration.

PGC report: US gas resource base reaches a record 2,515 tcf

Apr 8, 2015

Unconventional natural gas production is proving to be more durable than many people expected, officials said as the Potential Gas Committee released its 2014 yearend report indicating that the US has a record 2,515 tcf technically recoverable gas resource base.

COS report finds US offshore operations safer, can improve

Apr 8, 2015

The US offshore oil and gas industry is safer than ever, though there is still room to improve, according to the first annual performance report released Apr. 8 by the Center for Offshore Safety (COS).

Cedigaz: Russian gas market ‘facing numerous challenges’

Apr 8, 2015

The next decade will be critical for the Russian natural gas industry with the outcome largely depending on the nation’s pricing and institutional policies, according to a Cedigaz report, “Russian Gas Market: Entering New Era.”

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