Archives March 2013

Mar
19
2013

Sanchez Energy to buy Hess Corp. Eagle Ford shale assets

Sanchez Energy Corp., Houston, will buy South Texas Eagle Ford shale properties and acreage from Hess Corp. for $265 million cash. Source: Oil Gas Journal  

Mar
18
2013

DOI: Shell must meet more standards before Arctic drilling resumes

Shell Offshore Co. will have to develop a comprehensive operations management program—including closer oversight of its contractors—before it can resume Alaskan Arctic offshore exploration activities, US Sec. of the Interior Ken Salazar said. Source: Oil Gas Journal  

Mar
18
2013

US drilling rig count jumps 24 units to 1,776

The US drilling rig count jumped by 24 units during the week ended Mar. 15 reaching a total 1,776 rotary rigs working, Baker Hughes Inc. reported. That compares with 1,984 rigs working in the comparable week last year. Source: Oil Gas Journal  

Mar
18
2013

CRS finds US production grew outside federally controlled areas

While US oil and gas production has climbed to its highest level in 2 decades, all of the growth since 2007 has occurred outside federally controlled areas where production actually declined, a recent report from the nonpartisan Congressional Research Service found. Source: Oil Gas Journal  

Mar
18
2013

Badly damaged PDVSA should be replaced, founding board member says

Venezuela’s national oil company was so badly damaged during Hugo Chavez’s regime that it will need to be replaced, a founding board member of Petroleos de Venezuela SA (PDVSA) declared. Source: Oil Gas Journal  

Mar
18
2013

Mitsui to buy quarter stake in Italy's Tempa Rossa field

Mitsui & Co. Ltd., Tokyo, will acquire Total SA’s Italian subsidiary that holds a 25% participating interest in supergiant Tempa Rossa oil field in southern Italy, the largest proved undeveloped onshore oil field in Western Europe, from which production is projected to start in 2016. Source: Oil Gas Journal  

Mar
18
2013

Statoil starts Skuld field offshore Norway

Production has begun at an undisclosed rate from subsea Skuld oil field operated by Statoil on the Halten Bank of the Norwegian Sea (OGJ Online, Jan. 20, 2012). Source: Oil Gas Journal  

Mar
18
2013

BG starts Everest East expansion output

BG Group has started production from its Everest East expansion project in the UK North Sea, expecting output to peak at more than 10,000 boe/d. Source: Oil Gas Journal  

Mar
18
2013

IHS: Marcellus shale producing more than 7 bcfd

Recent pipeline expansions have helped the Marcellus shale play reach a production rate of more than 7 bcfd to become the largest US gas-producing play, according to a new IHS Herold Marcellus Shale Company Play Analysis. Source: Oil Gas Journal  

Mar
18
2013

Takeover of Oil by Militias

Iraq wars 1 and 2 were fought as much on the ground as in the media. Embedded journalism, the war on terrorism, toppling an evil dictator and spreading freedom were all images used to instill on the public, justification for the invasion of Iraq. These wars were a paid spokesperson’s dream come true: immense budgets […]

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