More Oil & Gas Drilling and Production News

Ramnarine: Easing of tight gas supplies in Trinidad and Tobago might take years

May 15, 2014

Trinidad and Tobago’s Energy Minister Kevin Ramnarine is now saying that it could take as long as 2 years before there is any easing in the tight supply-demand relationship of natural gas in the Caribbean twin-island nation.

Mayer Brown: Brazil reexamines its presalt policies

May 15, 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.

Bul Hanine field off Qatar due redevelopment

May 14, 2014

Qatar Petroleum will drill 150 wells through 2028 in an $11-billion redevelopment of offshore Bul Hanine oil field.

Marathon lets contract for Alvheim field subsea extension

May 14, 2014

Marathon Oil Norge AS has let a contract to Technip SA for the extension of subsea infrastructure on Alvheim field on the Norwegian Continental Shelf.

LGO to log first Goudron redevelopment well

May 14, 2014

Leni Gas & Oil PLC (LGO), London, will run electric logs to total depth of 4,212 ft in its first well of a 30-well redevelopment program for Goudron oil field in Trinidad and Tobago.

GlobalData: Kenya’s first commercial oil find could generate $10 billion

May 14, 2014

Kenya’s first commercial oil discovery in South Lokichar basin’s Block 10BB/13T could generate $10 billion in revenue over a 30-year production period based on regional geological characteristics and well test results, according to an analyst with research and consulting firm GlobalData.

Encana improves Montney shale IP rates; may sell more gas assets

May 13, 2014

Encana Corp. has increased initial production rates by about 75% in its Montney shale drilling program.

Petrobras starts production from Platform P-62 in Roncador field

May 12, 2014

Brazil’s Petroleo Brasileiro SA (Petrobras) has started production from Platform P-62 in the Campos basin’s Roncador field.

Petrobras starts oil production from Lula field

May 12, 2014

Petroleo Brasileiro SA (Petrobras) has started oil production from well 7-LL-22D-RJS in the Santos basin’s presalt Lula field.

GAO report lists ways BLM could improve onshore resource oversight

May 12, 2014

Updated guidance, increased coordination, and comprehensive data could improve the US Bureau of Land Management’s oversight of federal onshore oil and gas resources, the Government Accountability Office said in a report it released on May 9.

OTC: Pemex preparing for cultural transition as Mexico reforms energy laws

May 12, 2014

Mexico's Petroleos Mexicanos (Pemex) is preparing for a major cultural transition while the country's government moves to implement energy reforms, ending a 75-year monopoly on discovering and developing oil and gas, a Pemex executive told the Offshore Technology Conference on May 6.

OTC: US should tread carefully with Russian sanctions, says DougWest

May 12, 2014

The US should tread carefully when it comes to oil-related sanctions against Russia given international tensions surrounding the Russia-Ukraine conflict, Douglas-Westwood said in an energy insight note released during the Offshore Technology Conference in Houston

Baker Hughes: US drilling rig count edges up to 1,855

May 9, 2014

The US drilling rig count edged up a unit to 1,855 rigs working during the week ended May 9, Baker Hughes Inc. reported.

EPA will seek comments on disclosing frac fluid ingredients

May 9, 2014

The US Environmental Protection Agency announced it will seek public comment on what information could be reported and disclosed for hydraulic fracturing chemicals and mixtures and the approaches for obtaining this information.

EIA estimates average Eagle Ford EUR at 168,000 bbl/well

May 9, 2014

The average estimated ultimate recovery (EUR) of wells drilled during 2008-13 in the Eagle Ford shale in South Texas was 168,000 bbl/well, according to the US Energy Information Administration.

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