More Oil & Gas Drilling and Production News

Manora oil field offshore Thailand comes on stream

Nov 12, 2014

Tap Oil Ltd. reported that production has started from Manora oil field offshore Thailand. The field is operated by Mubadala Petroleum; Tap Oil acquired interest in the field in late 2010.

New API standards cover offshore drilling, production structures

Nov 11, 2014

The American Petroleum Institute published five new recommended practices (RPs) for the design, construction, and maintenance of structures used in offshore oil and gas drilling and production.

Imperial shuts down Kearl oil sands due to ‘vibration issue’

Nov 11, 2014

Imperial Oil Ltd., Calgary, reported a precautionary shutdown of its Kearl oil sands operations in Alberta due to a “vibration issue” with the plant’s ore-crusher unit.

Bakken, deepwater Gulf of Mexico to boost Hess’s production

Nov 11, 2014

Hess Corp. plans to increase its production growth rate forecast by 6-10%/year during 2013-18, assuming $90-100/bbl Brent, anchored by production in the Bakken shale and deepwater Gulf of Mexico, the company said Nov. 10 during an investor presentation in Houston.

Oil sands 2014-38 outlay to top $514 billion

Nov 10, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

TAEP: TPI continues record pace, but threatened by falling oil prices

Nov 10, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), continued on its record pace in September, reaching a score of 312.3, up 6% compared with September 2013.

Report for API quantifies new technologies' 2013 US economic benefits

Nov 10, 2014

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation's crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

Business mood dark as questions hover over UK offshore

Nov 10, 2014

Falling oil prices, rising costs, and looming political questions darken the business mood about the UK offshore.

Kurdistan oil exports ramping up, says ministry

Nov 7, 2014

The Kurdistan Regional Government (KRG) plans to increase oil exports through the Kurdistan crude oil pipeline to Turkey to 400,000 b/d by yearend and 500,000 b/d by the end of first-quarter 2015, reports the Iraqi region’s Ministry of Natural Resources (MNR).

BHI: US rig count down slightly during October, past week

Nov 7, 2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

EIA: Gas storage levels now within 7% of 5-year average

Nov 7, 2014

Working natural gas in storage ended October at 3,571 bcf, a record increase of 2,734 bcf during the Apr. 1-Oct. 31 injection season, and within 7% of the average of the last five end-of-season storage levels, according to data from the US Energy Information Administration.

ETP to build plants, expand gathering for Eagle Ford, Eaglebine production

Nov 6, 2014

Energy Transfer Partners LP (ETP), Dallas, has reached long-term gas gathering and processing agreements with producers in the Eagle Ford in South Texas and Eaglebine in southeast Texas.

Overcapacity causes Statoil to suspend two rigs

Nov 6, 2014

Statoil ASA will suspend the Transocean Spitsbergen and Songa Trym drilling rigs for the remainder of the year—and may choose to extend the suspension beyond that period—following completion of work in mid-November because of overcapacity in its rig portfolio.

Sembcorp Marine gets contract for new jack up

Nov 5, 2014

BOT Lease Co. Ltd (BOTL), a leasing company of The Bank of Tokyo-Mitsubishi UFJ, has let a $240-million contract to Sembcorp Marine subsidiary PPL Shipyard to build a jack up drilling rig. Japan Drilling Co. Ltd. (JDC) will serve as project coordinator.

AWE completes sale of BassGas assets

Nov 5, 2014

AWE has completed the sale of a portion of its interests in the offshore Tasmanian offshore Bass Basin gas-condensate permits T/L1 and T/18P that contain the Yolla and Trefoil fields.

Market Connection

PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AMERICA’S OLDEST & MOST RESPECTED OFFSHORE/ONSHORE HEAVY FABRICATION FACILITIES: OFFSHORE MARINE EQUIPMENT, TREMENDOUS OFFERING OF MOBILE EQUIPMENT, COMPLETE OFFSHORE PLATFORM & JACKET MANUFACTURING FACILITIES.

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

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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