Archives February 2015

Feb
5
2015

North Reggane gas project development drilling starts in Algeria

The North Reggane consortium has started development drilling at its gas project in the Algerian Sahara. …read more Source: Oil Gas Journal   

Feb
5
2015

Oil-price collapse may aggravate producing nations’ other problems

The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during a Feb. 4 discussion at the Woodrow Wilson International Center for Scholars. …read more Source: Oil Gas Journal   

Feb
5
2015

Woodside lets FEED contract for Greater Western Flank project

Woodside Petroleum Ltd. has let a contract to Wood Group Kenny for the front-end engineering and design for the flowline system and associated procurement support for its Greater Western Flank Phase 2 (GWF2) development on the North West Shelf. …read more Source: Oil Gas Journal   

Feb
5
2015

Oil production begins at Nasr Phase-1 offshore Abu Dhabi

The first phase of Nasr oil field offshore Abu Dhabi will be producing 22,000 b/d by yearend, according to United Arab Emirates news agency WAM. …read more Source: Oil Gas Journal   

Feb
4
2015

Deloitte studies oil supply growth for 2015-16

A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year of which 635,000 b/d would be from members of the Organization of Petroleum Exporting Countries and the rest from non-OPEC productions. …read more Source: Oil Gas Journal   

Feb
4
2015

Inpex starts development drilling at Ichthys field

Inpex Corp. has started development drilling in Ichthys gas-condensate field in the Browse basin, about 200 km offshore Western Australia. …read more Source: Oil Gas Journal   

Feb
3
2015

BP trims capital budget by $4-6 billion

BP PLC plans an organic capital expenditure of $20 billion in 2015, down from the previous guidance $24-26 billion. Total organic capital expenditure in 2014 was $22.9 billion, lower than its initial guidance of $24-25 billion. …read more Source: Oil Gas Journal   

Feb
3
2015

BG’s 2015 budget ‘significantly lower than 2014’

BG Group plans capital expenditures on a cash basis of $6-7 billion in 2015, a range it says is “significantly lower than 2014” due to “a lower oil price environment.” …read more Source: Oil Gas Journal   

Feb
3
2015

IHS sees second-half end of US output surge

Expectations are moderating about growth of oil production in the US this year. …read more Source: Oil Gas Journal   

Feb
3
2015

Gazprom Neft starts shale oil production in western Siberian field

JSC Gazprom Neft reported start of shale oil production from the Bazhenov formation during tests of two wells in southern Priobskoye field in central western Siberia. Tests are planned for two other wells. …read more Source: Oil Gas Journal   

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