More Oil & Gas Drilling and Production News

Apache plans further development for active Egyptian program

Jan 30, 2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Index reveals record year for Texas oil, gas production

Jan 30, 2014

The Texas Petro Index, a composite index based on a comprehensive group of upstream economic indicators, showed that crude oil production in the Lone Star State increased 21% in 2013 compared with 2012, reaching volumes not seen since 1985.

Shell cancels 2014 drilling off Alaska in court decision’s wake

Jan 30, 2014

Royal Dutch Shell PLC will not resume activity on federal leases it holds offshore Alaska in 2014 because a US appeals court’s Jan. 22 decision in a 2008 lawsuit against the US Department of the Interior has created significant uncertainties, company officials stated.

Quick hike seen in Iranian oil output if sanctions lifted

Jan 29, 2014

Iran can push production of crude oil back to 3-3.5 million b/d “relatively quickly” in the absence of international sanctions, says a veteran observer of the Islamic Republic.

Deloitte: North Sea production, licensing up in 2013

Jan 29, 2014

An increased focus on development activity by operators in the UK resulted in a 5-year high in the number of fields that started oil and gas production, according to a report on offshore activity released by Deloitte on Jan. 29.

Jalila field off Dubai due second platform

Jan 28, 2014

State-owned Dubai Petroleum Establishment has let a contract to Technip for a second platform in the development of Jalila oil field, a 2010 discovery made in the sidetrack of a reentered 1986 dry hole offshore Dubai.

Watching Government: An exchange of letters

Jan 27, 2014

On one hand, a Jan. 16-17 exchange of letters between leaders of 18 national environmental organizations and the Obama administration simply may have been political posturing before 2014's real work begins. On the other, it could be a timely reminder of where the White House stands on climate and energy.

IEA: Global demand for fourth quarter 2013 revised upward

Jan 27, 2014

Global oil consumption during fourth-quarter 2013 was adjusted to 92.1 million b/d, according to the International Energy Agency's most recent Oil Market Report.

Baker Hughes: US drilling rig count remains at 1,777

Jan 24, 2014

The US drilling rig count was unchanged from a week ago with 1,777 rigs working during the week ended Jan. 24, Baker Hughes Inc. reported.

Suncor reports oil sands employee fatality

Jan 23, 2014

Suncor Energy Inc. reported a fatality occurred Jan. 19 at its oil sands site after an employee was unable to be located earlier in the day.

Operators await details as Mexico implements energy reforms

Jan 22, 2014

International oil and gas companies keenly await more details as Mexico’s Congress drafts and debates secondary laws to implement its recently passed energy reforms. Opinions vary on whether Mexico can meet the deadlines it scheduled for secondary laws and the creation of various regulatory groups.

EIA: Gas production, consumption up in US, down in OECD Europe

Jan 20, 2014

During a decade before 2005, natural gas production remained relatively flat in both US and European member countries of the Organization for Economic Cooperation and Development.

Giant John Shaw drilling rig to receive upgrades

Jan 20, 2014

Semco Maritime reported it will undertake a 200 million kroner upgrade project for the 85 m-long, 64 m-wide, and 110 m-high John Shaw semisubmersible drilling rig. When complete, the rig will be handed off to operator Transocean Inc.

Apache: Severe weather, outages impacted fourth-quarter operations

Jan 17, 2014

Apache Corp. reported that severe winter storms and outages at third-party owned facilities adversely affected the company’s oil and gas production from its Permian basin and central region operations during fourth-quarter 2013.

Baker Hughes: US drilling rig count jumps to 1,777

Jan 17, 2014

Land rigs accounted entirely for the sharp 23-unit increase in the US drilling rig count during the week ended Jan. 17, Baker Hughes Inc. reported. The US now has 1,777 rigs working.

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