More Production Operations News

Low crude prices may thin, but not kill, US production, speakers say

May 12, 2015

Overseas competitors who were caught off-guard initially by rising US unconventional crude oil production have increased their own outputs now and can be expected to try and keep prices low to protect their global market shares, speakers at a May 12 Atlantic Council discussion said.

Ichthys starts mooring installation work

May 11, 2015

Mooring installation works have started at Ichthys field in the Browse basin with the first 49 foundation piles deployed and driven into the seabed in 250 m of water.

Cold Lake project expansion starts production

May 11, 2015

ExxonMobil Corp. has started bitumen production at the $2-billion Cold Lake Nabiye project expansion in northeastern Alberta.

Kizomba Satellites Phase 2 off Angola starts oil productionwise advantaged projects to the south.

May 11, 2015

Esso Exploration Angola (Block 15) Ltd., a subsidiary of ExxonMobil Corp., has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project, 150 km offshore Angola in 1,350 m of water.

OTC: Indonesia seeks paradigm shift in developing western deepwater assets

May 11, 2015

Indonesia is working to change the way it develops its oil and gas resources, according to Ir. I Gusti Nyoman Wiratmaja, Indonesia's acting director general of oil and gas.

OTC: BSEE director says industry on probation as far as public trust

May 11, 2015

Industry must cooperate and collaborate with a number of international stakeholders to achieve the highest safety standards offshore, Brian Salerno, director of the Bureau of Safety and Environmental Enforcement, told an Offshore Technology Conference breakfast May 6 in Houston.

Wintershall lets multiline Maria contract

May 8, 2015

Wintershall has let a $300-million contract to Subsea 7 for pipeline and subsea construction in its multihost development of Maria oil and gas field in the Norwegian Sea.

Contract let for field work onshore Brazil

May 8, 2015

Parnaiba Gas Natural (PGN) has let a contract to a consortium involving Fluor Corp. and Construcap CCPS Engenharia e Comercio related to development of Gaviao Branco natural gas field in Maranhao, Brazil.

Chesapeake reports 1Q net loss of $3.782 billion

May 7, 2015

Chesapeake Energy Corp., Oklahoma City, reported a first-quarter net loss of $3.782 billion, down from a net income of $374 million in first-quarter 2014.

Apache reports 1Q net loss of $4.7 billion

May 7, 2015

Apache Corp. reported a first-quarter net loss of $4.7 billion, including an aftertax ceiling-test write down of $4.7 billion due to “substantially lower commodity prices.”

OTC: Many variables dictate N. America’s emergence as a global energy force

May 6, 2015

North American businesses and governments must work together toward the collective goal of advancing the continent’s energy aspirations. That was the message delivered by producers and government officials during a May 5 panel discussion at the Offshore Technology Conference in Houston.

Crude export ban could endanger US oil renaissance, Encana CEO warns

May 6, 2015

The plunge in crude oil prices since last summer is creating adverse impacts sooner than expected, and could endanger the economic renaissance the US has undergone from its dramatically increased production if crude exports are not authorized soon, Encana Corp. Chief Executive Officer Douglas J. Suttles warned.

DNO doubles Tawke capacity, reports lower 1Q revenue

May 6, 2015

DNO ASA reported it has doubled to 200,000 bo/d the production capacity from Tawke field in the Kurdistan region of Iraq.

Husky Energy reports net earnings of $191 million (Can.)

May 6, 2015

Husky Energy Inc. reported first-quarter net earnings of $191 million (Can.) compared with a loss of $603 million in the previous quarter and year-ago earnings of $662 million.

OTC: New IADC well-control training program targets individual jobs

May 6, 2015

An industry-wide collaboration enabled the International Association of Drilling Contractors to develop a new well-control training and assessment program that is targeted toward an individual’s actual job, IADC executives told an Offshore Technology Conference news briefing May 6 in Houston.

Market Connection

mac-weld machinery

MAC-WELD Machining Ltd.

MAC-WELD Machining Ltd. Thermowells, Instrument Valves, Level Chambers, Orifice Plates, Bleed/Flush Rings. Over 35 years of instrumentation hardwa...
Proco

Proco Products: Your Expansion Joint Source for Mud Tanks, Frac Tanks, Shale Shakers

Proco Products, Inc. is a global leader in the design and supply of piping/ducting system expansion joints and rubber check valves. We offer the mo...
Enudro Pipeline Services, Inc.

Enudro Pipeline Services, Inc.

From Aspiration to Application. When Enduro aspired to develop our Multiple Technology tool, we took years of engineering skill and put it into the...
Lifting Gear Hire

Lifting Equipment Rental Specialists

Lifting Equipment Rental Specialists Our Warehouses are your inventory With 18 warehouses nationwide and #1 in lifting equipment rental service, LG...

Electric Steam Generators

 

Electric Steam Generators for Cleaning/Degrassing Operations Prior to "Hot Work"

Oil & Gas Conferences

There is no current content available.
Stay Connected