Archives January 2015

Jan
30
2015

BHI: Texas anchors 90-unit plunge in US rig count

The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported. …read more Source: Oil Gas Journal   

Jan
30
2015

Victoria extends drilling, fracing ban

The new Victorian Labor government of premier Daniel Andrews has extended the coal seam gas (CSG) exploration and hydraulic fracturing ban in the state and launched another parliamentary inquiry. …read more Source: Oil Gas Journal   

Jan
30
2015

Oxy cuts capital budget by a third

In the midst of falling oil prices, Occidental Petroleum Corp., Houston, expects to reduce its total capital spending for 2015 to $5.8 billion from $8.7 billion in 2014. …read more Source: Oil Gas Journal   

Jan
28
2015

Gas-turbine units in transit to Vostochno-Messoyakhskoye field

JSC Gazprom Neft reported that six gas-turbine power units are in transit to Vostochno-Messoyakhskoye field in the Yamalo-Nenetsk Autonomous Region. …read more Source: Oil Gas Journal   

Jan
28
2015

Eni lets $2.54-billion contract for Ghana FPSO

Eni SPA unit Eni Ghana Exploration & Production Ltd. has let a $2.54-billion contract to Malaysia’s Yinson Holdings Bhd. for the chartering, operation, and maintenance of a floating production, storage, and offloading vessel to process oil and gas from the Offshore Cape Three Points (OCTP) block in the Tano basin, 60 km offshore Ghana. …read […]

Jan
28
2015

Chevron, BP, ConocoPhillips join to explore, appraise Gulf of Mexico leases

Chevron Corp. subsidiary Chevron USA Inc., BP PLC unit BP Exploration & Production Inc., and ConocoPhillips Co. have pledged to work together to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will operate the project. …read more Source: Oil Gas Journal   

Jan
27
2015

Stone Energy lets pipe supply, installation contracts for Amethyst field

Stone Energy Corp., Lafayette, La., has let flexible pipe supply and installation contracts to Technip SA for Amethyst field on Mississippi Canyon Block 26 in the Gulf of Mexico. …read more Source: Oil Gas Journal   

Jan
27
2015

Carrizo cuts drilling, completion spending by 35%

Carrizo Oil & Gas Inc., Houston, is cutting its drilling and completion capital expenditure plan for the year by 35% to $450-470 million, but expects to keep oil production roughly flat with last year’s fourth quarter. …read more Source: Oil Gas Journal   

Jan
27
2015

Hess cuts capital budget by 16% to $4.7 billion

Hess Corp. has set a capital budget of $4.7 billion for 2015, down 16% from $5.6 billion spent last year. The company at the beginning of 2014 reported a $5.8 billion budget for the year. …read more Source: Oil Gas Journal   

Jan
26
2015

OGUK: Push to ban fracing in UK ‘ill-informed’

The House of Commons Environmental Audit Committee’s proposed amendment to the infrastructure bill that would introduce a moratorium on hydraulic fracturing in the UK is “ill-informed” and would derail industry and cross-party efforts to maximize economic recovery of oil and gas from the North Sea, Oil & Gas UK said on Jan. 26. …read more […]

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