Archives March 2014

Mar
31
2014

Husky, CNOOC start production from Liwan 3-1

By OGJ editors Husky Energy Inc., Calgary, and CNOOC Ltd. reported the start of production from Liwan 3-1 field in the South China Sea. …read more Source: Oil Gas Journal   

Mar
31
2014

Lukoil starts production at West Qurna-2 field

By OGJ editors Lukoil Mid-East Ltd. has started production at Iraq’s West Quarna-2 oil field after reaching its target of 120,000 b/d on Mar. 28. The company says it must maintain that level of production for the next 90 days to begin receiving a return on investment, based on a 2010 agreement with the Iraqi […]

Mar
31
2014

EIA: Tight-oil production pushes up US supply

US tight-oil production averaged 3.22 million b/d in fourth-quarter 2013, pushing overall US crude production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration. …read more Source: Oil Gas Journal   

Mar
29
2014

White House eyes steps to curb oil, gas methane emissions

By Nick Snow The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included regulations to be proposed later this year by the US Bureau of Land Management to curb natural gas flaring on public lands. …read more Source: Oil Gas Journal   

Mar
28
2014

Baker Hughes: US drilling rig count rebounds to 1,809

By OGJ editors The US drilling rig count gained back the 6 units it lost last week to reach 1,809 rigs working during the week ended Mar. 28, Baker Hughes Inc. reported. …read more Source: Oil Gas Journal   

Mar
25
2014

Sinopec reveals Fuling field production capacity goals

By OGJ editors Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company said. …read more Source: Oil Gas Journal   

Mar
24
2014

Santos brings Peluang gas development on stream

By Rick Wilkinson Santos Ltd., Adelaide, has started natural gas production from its Peluang development offshore the Indonesian island of Java. …read more Source: Oil Gas Journal   

Mar
24
2014

IEA: Global oil demand revised upward on stronger data

Global oil demand in 2013 rose by 1.3 million b/d year-over-year to 91.3 million b/d, according to the latest, near-complete set of demand data for the year, the International Energy Agency said in its most recent monthly Oil Market Report. …read more Source: Oil Gas Journal   

Mar
21
2014

Baker Hughes: US drilling rig count drops to 1,803

By OGJ editors After consecutive weeks of significant gains, the US drilling rig count lost 6 units to 1,803 rigs working during the week ended Mar. 21, Baker Hughes Inc. reported. …read more Source: Oil Gas Journal   

Mar
21
2014

Cenovus gets AER approval for Grand Rapids oil sands project

By OGJ editors Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sands project 300 km north of Edmonton in the company’s Greater Pelican Region in northern Alberta. …read more Source: Oil Gas Journal   

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