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UKCS report cites need for deep cost cuts

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK's Activity Survey 2015.

PetroChina mulling sale of its stake in Arrow CSG

PetroChina is reportedly considering selling its half of Arrow Energy’s Queensland coal seam gas (CSG) resources.

Low crude prices pressure Latin American producers, CSIS forum told

Depressed crude oil prices are putting new pressure on Latin American producing countries to improve terms if they expect to attract outside investment for developing resources, speakers said during a Feb. 25 discussion at the Center for Strategic & International Studies.

Antero Resources cuts 2015 Marcellus spending vs. 2014

Antero Resources Corp., Denver, said it plans to spend $1.6 billion during 2015 for drilling and completion activities in the Marcellus and Utica shale plays, marking a 36% reduction as compared with 2014 drilling and completion expenditures.

Chesapeake’s $4-4.5 billion capex down 37% vs. last year

Chesapeake Energy Corp., Oklahoma City, is budgeting total capital expenditures, including capitalized interest, of $4-4.5 billion for 2015.

New regulator lists UKCS ‘priority actions’

The UK’s Oil and Gas Authority, responding to calls from industry and the government for prompt support of UK Continental Shelf (UKCS) exploration and production, has described “eight highest priority actions” for its first year of operation.

Encana trims additional $700 million from 2015 capital budget

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion “to maintain a solid balance sheet and help strengthen liquidity through a low price environment.”

Santos-Inpex JV gains permits in Browse basin

A joint venture of Santos Ltd. and Inpex Corp. has been awarded two exploration permits in the Browse basin offshore Western Australia, about 500 km from Broome.

UKCS report cites need for deep cost cuts

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK’s Activity Survey 2015.

EPP, Anadarko, others form NGL pipeline joint venture

Enterprise Products Partners LP, Anadarko Petroleum Corp., DCP Midstream Partners LP, and MarkWest Energy Partners LP have formed a joint venture assigning 45% ownership interest in EPP’s wholly owned Panola Pipeline Co. LLC in equal 15% shares to Anadarko’s affiliate, WGR Asset Holding Co. LLC (WGR), DCP Midstream Partners, and MarkWest.

Lime Petroleum farms into Gemini prospect offshore Norway

Lime Petroleum Norway AS, a wholly owned subsidiary of Lime Petroleum PLC, has agreed to take 30% interest in PL338C in the North Sea from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB.

Work stoppages commence at largest US refinery, three other facilities

The United Steelworkers union (USW) has launched additional work stoppages at the largest refinery in the US and three other facilities as part of USW’s unfair labor practice (ULP) strike.

We draw our own lines here

One of the most rewarding events in the career of an OGJ editor can be the experience of opening his or her e-mail to find among the typical daily dross a line or two from our readers.

EOG Resources’ budget down 40% to $4.9-5.1 billion

EOG Resources Inc., Houston, plans a capital budget of $4.9-5.1 billion in 2015 including production facilities and midstream expenditures, representing a 40% reduction compared with last year’s budget.

Noble Energy’s budget down 40% in 2015

Noble Energy Inc., Houston, plans to spend $2.9 billion in 2015, representing a 40% reduction from 2014. The company also reported full-year 2014 net income of $1.21 billion and adjusted income of $881 million.

Market Connections

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Sodexo is Hiring Cooks, Bakers, Housekeeping & Janitorial Workers

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PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA. 14 ON 7 OFF. SEND RESUME TO BEATHJIM@YAHOO.COM
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...

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