More Production Operations News

North Dakota producers face new vapor pressure standards

Dec 10, 2014

North Dakota has approved new rail transportation safety standards for crude oil that stipulate operating standards for oil-conditioning equipment at the well to separate production fluids into gas and liquid.

Goodrich considers selling Eagle Ford assets

Dec 10, 2014

Goodrich Petroleum Corp., Houston, is considering the sale of at least some of its shale assets in the South Texas Eagle Ford, the company said, adding that it plans to concentrate next year on the Tuscaloosa marine shale.

Kearl resumes oil sands production, Imperial reports

Dec 9, 2014

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

Small subset of wells accounts for most methane emissions, researchers say

Dec 9, 2014

A small subset of natural gas wells are responsible for most methane emissions from US natural gas production, said a study from the University of Texas at Austin. Researchers cited the two major sources of methane emissions from wells as liquid unloadings and pneumatic controller equipment.

Methane controls just part of complete climate strategy, speakers say

Dec 8, 2014

Reducing oil and gas operations’ methane emissions is an essential, but far from the only, part of a comprehensive climate strategy, speakers at a Center for Strategic and International Studies event agreed. Efforts should be combined with an aggressive program to curb excessive carbon dioxide releases, they said.

ConocoPhillips slashes 2015 capital budget

Dec 8, 2014

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

West Hub production starts offshore Angola

Dec 8, 2014

Production has begun from the West Hub development project in deep water offshore Angola, reports Eni SPA, the operator.

Nexen starts bitumen production at Kinosis 1A in Alberta

Dec 8, 2014

China National Offshore Oil Corp. Ltd. reported the start of bitumen production at the Kinosis 1A (K1A) steam-assisted gravity drainage (SAGD) facility in Alberta.

Insight on earnings

Dec 8, 2014

The oil and gas industry is one of the most capital-intensive businesses in the world. Oil and gas companies' high earnings are necessary to enable the massive investments needed to strengthen America's rising oil and gas production.

WoodMac: OPEC's decision undermines potential for near-term price recovery

Dec 8, 2014

The decision by the Organization of Petroleum Exporting Countries to maintain its members' production quota at 30 million b/d directs the focus of crude oil pricing on oil-demand growth expectations and tight-oil breakeven economics, said Wood MacKenzie Ltd.

Firms' third-quarter earnings climbed amid lower crude oil prices

Dec 8, 2014

A sample of 58 oil and gas producers and refiners based in the US recorded a combined 38% jump in profits for this year's third quarter compared with year-earlier results.

Gas production from Starfish to begin offshore Trinidad and Tobago

Dec 5, 2014

Partners in the Starfish natural gas project offshore Trinidad and Tobago say production from the development will begin Dec. 6.

API: Producers reducing methane emissions already

Dec 5, 2014

US oil and gas producers are reducing wellhead methane emissions already and don’t need ill-conceived, overly prescriptive federal regulations, American Petroleum Institute officials said.

WoodMac estimates Eagle Ford shale production tops 1 billion bbl

Dec 5, 2014

The Eagle Ford shale in South Texas has produced more than 1 billion bbl of crude oil and condensate, energy consultant Wood Mackenzie Ltd. estimated, adding that the Eagle Ford has produced more than 70% of that total during the last 2 years.

UK outlines more oil and gas incentives

Dec 4, 2014

The UK government will enact incentives for oil and gas development beyond what Chancellor George Osborne announced in a fiscal speech to Parliament on Dec. 3.

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