Archives February 2015

Feb
27
2015

BHI: US rig count continues to tumble, falls 43 units to 1,267

The US drilling rig count declined 43 units—down from losses of 48 last week and 98 the previous week—to settle at 1,267 rigs working during the week ended Feb. 27, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

Feb
27
2015

Statoil, Sinochem submit POD for Peregrino Phase II off Brazil

Statoil ASA and partner Sinochem have submitted a plan of development (POD) for the $3.5-billion Peregrino Phase 2 project to Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP). …read more Source: Oil Gas Journal   

Feb
26
2015

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. …read more Source: Oil Gas Journal   

Feb
26
2015

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. …read more Source: Oil Gas Journal   

Feb
25
2015

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. …read more Source: Oil Gas Journal   

Feb
25
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. …read more Source: Oil Gas Journal   

Feb
25
2015

Grizzly files OSCA application with AER for Thickwood

Grizzly Oil Sands ULC, Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Thickwood project. …read more Source: Oil Gas Journal   

Feb
25
2015

BLM moving toward strategy for Greater Sage Grouse, Jewell says

Calling it a remarkable example of federal, state, and local cooperation, US Sec. of the Interior Sally Jewell said the US Bureau of Land Management is finishing up plans to protect the Greater Sage Grouse and make it unnecessary for the US Fish and Wildlife Service to list it as an endangered or threatened species. […]

Feb
25
2015

Waterflooding boosts oil production at Nimr-C in Oman

Waterflooding has increased oil production from Nimr-C field in southern Oman sixfold in 4 years, Petroleum Development Oman (PDO) reported. …read more Source: Oil Gas Journal   

Feb
25
2015

Hickenlooper’s siting task force calls for more local consultation

Colorado Gov. John W. Hickenlooper’s (D) oil and gas siting taskforce called for more consultation and greater involvement with local communities on Feb. 24, but stopped short of giving them more power as it forwarded 9 of 36 proposals to him, The Denver Post reported. …read more Source: Oil Gas Journal   

Page 1 of 9
© Gates Oil & Gas, LTD 2013