Archives June 2013

Jun
14
2013

GDF Suez platform incident in North Sea kills two workers

By OGJ editors Two workers were killed and another injured on the Danish North Sea L5A gas platform operated by GDF Suez SA, the company comfirmed. …read more Source: Oil Gas Journal  

Jun
14
2013

Shale gas exploration deal with Chevron pending, Ukraine official says

By OGJ editors A tentative agreement has been reached between Ukraine officials and Chevron Corp. regarding exploration for shale natural gas in Oleska field in western Ukraine, Energy Minister Eduard Stavytsky told reporters in Kiev on June 13. …read more Source: Oil Gas Journal  

Jun
13
2013

Ensco hires Samsung to build deepwater drillship

By OGJ editors Ensco PLC announced plans to add another newbuild drillship to its fleet to help fulfill customer demand for deepwater vessels in the Gulf of Mexico, West Africa, and elsewhere. …read more Source: Oil Gas Journal  

Jun
13
2013

Statoil to ship first Asgard subsea compression component to site

By Christopher E. Smith Statoil ASA will have the first piece of subsea compression equipment to be used in developing the Asgard natural gas basin off Norway leave port for the site on June 17, with the manifold module following shortly thereafter. …read more Source: Oil Gas Journal  

Jun
13
2013

Centrica to buy stake in shale gas area from Cuadrilla

By OGJ editors Centrica PLC bought a 25% interest in a license for the Bowland basin shale project in Lancashire, UK, from Cuadrilla Resources Ltd. and AJ Lucas for $62.6 million. Centrica owns British Gas. …read more Source: Oil Gas Journal  

Jun
12
2013

Statoil to operate Georgina basin shale program

By OGJ editors A unit of Statoil ASA and PetroFrontier Corp., Calgary, agreed to amend a mid-2012 farmout under which Statoil Australia Oil & Gas AS will become operator of an exploratory joint venture aimed at shale formations on 14 million acres in the southern Georgina basin in Australia’s Northern Territory. …read more Source: Oil […]

Jun
11
2013

Chevron, PDVSA sign Petroboscan finance deal

By OGJ editors Chevron International and Petroleos de Venezuela SA have signed a $2 billion long-term credit line for their Petroboscan joint venture that PDVSA says aims at raising production at Boscan heavy oil field by 20,000 b/d. …read more Source: Oil Gas Journal  

Jun
11
2013

Kosmos Energy signs contract for new drillship

By OGJ editors Kosmos Energy Ltd. signed a long-term rig agreement with a subsidiary of Atwood Oceanics Inc. for the newbuild drillship Atwood Achiever, scheduled for completion in June 2014 and expected to commence drilling operations in the second half of 2014. …read more Source: Oil Gas Journal  

Jun
11
2013

UK launches review of offshore oil and gas

By OGJ editors The UK government has launched an independent review of nontax influences on offshore oil and gas activity, acknowledging the need for careful management of a mature but still-promising industry. …read more Source: Oil Gas Journal  

Jun
11
2013

What is the lower bound of oil prices?

We have written extensively about the drivers of oil prices to the upside: higher production costs, the lack of transcontinental pipeline in North America, skyrocketing oil demand in China, and going by recent findings, price-fixing by oil majors, traders, speculators and market manipulation. But what about the downside? It seems oil prices […] …read more […]

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