More Oil & Gas Drilling and Production News

Statoil lets Johan Sverdrup drilling contract to Baker Hughes

Jul 7, 2015

Statoil ASA has let an integrating drilling contract valued at 1.5 billion kroner to Baker Hughes Norway for the Johan Sverdrup development.

AER shuts in 16 Murphy Oil sites in Peace River region for noncompliance

Jul 7, 2015

Alberta Energy Regulator said it has shut in or partially shut in 16 sites operated by Murphy Oil Co. Ltd. in the Peace River region. The sites were noncompliant with requirements “to capture and flare, incinerate, or conserve all casing gas and tank top gases” from heavy oil and bitumen operations based on a schedule submitted to and approved by AER.

WAFWA: Aerial survey finds lesser prairie chicken population grew

Jul 6, 2015

A recent range-wide aerial survey found the lesser prairie chicken population rose 25% from 2014 to 2015, the Western Association of Fish & Wildlife Agencies (WAFWA) reported. The bird’s habitat lies in five US Midcontinent states with oil and gas production.

Production ramps up from Sunrise oil sands project

Jul 6, 2015

Husky Energy Inc., Calgary, reported that 25 well pairs are now on production at its Sunrise oil sands project in northeastern Alberta. Steaming is under way on 43 of 55 well pairs.

CERI: Energy, operational efficiencies possible in Canadian oil, gas

Jul 6, 2015

Measures can be taken by operators in the expanding resource-intensive Canadian oil and gas sector to improve both energy efficiency and operational efficiencies, according to a report from the Canadian Energy Research Institute (CERI).

Statoil installs subsea wet gas compressor at Gullfaks

Jul 6, 2015

Statoil SA installed what it is calling the world’s first subsea wet gas compressor at its Gullfaks C platform offshore Norway. By compressing at the sea floor, the company expects to add 22 million boe and 2 years additional production at Gullfaks.

The price of oil and OPEC-history repeating?

Jul 6, 2015

The world oil market today is characterized by a standoff between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers amid excess supply.

Innovation addresses US environmental regulations; more needed

Jul 6, 2015

Technology spawned the recent boom in US oil and gas production which in turn led to new regulations that keep the environment and people safe.

Giant Perla field flows gas off Venezuela

Jul 6, 2015

A 50-50 joint venture of Eni SPA and Repsol SA has started production from giant Perla natural gas field in shallow water offshore Venezuela.

Judge's order delays BLM's implementation of fracing regs

Jul 6, 2015

A federal district judge in Wyoming temporarily delayed the US Bureau of Land Management's implementation of its recently issued hydraulic fracturing regulations.

Big data, more oil

Jul 6, 2015

Development of unconventional resources soon will enter a phase promising to lower the cost of producing oil from shale toward levels normally associated with Saudi Arabia.

Global oil glut continues despite increasing demand

Jul 6, 2015

A year since crude prices plunged, oversupply lingers, evident in a record-setting stock build, as production by members of the Organization of Petroleum Exporting Countries remains far above the group target, squeezing high-cost producers elsewhere.

BHI: US oil rig count rises for first time in 30 weeks

Jul 2, 2015

A sudden 12-unit jump in oil-directed rigs during the abbreviated week ended July 2 represented their first rise since Dec. 5, 2014, and helped lift the overall US drilling rig count for a second consecutive week, according to data from Baker Hughes Inc.

BP to settle federal, state Deepwater Horizon claims for $18.7 billion

Jul 2, 2015

BP Exploration & Production Inc. has agreed in principle to settle all federal and state claims arising from the 2010 Deepwater Horizon incident and subsequent oil spill with payments over 18 years totaling $18.7 billion.

Shell makes FID on Appomattox deepwater development in Gulf of Mexico

Jul 1, 2015

Royal Dutch Shell PLC has taken a final investment decision (FID) on the Appomattox deepwater development, authorizing construction and installation of the company’s eighth and largest floating platform in the Gulf of Mexico.

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