Archives March 2015

Mar
31
2015

Maersk starts production from Tyra Southeast-B in Danish North Sea

Maersk Oil has started oil and gas production from the Tyra Southeast-B unmanned platform, expected to add reserves of 50 million boe over the next 30 years. …read more Source: Oil Gas Journal   

Mar
31
2015

Apache produces 1 million bbl from wells in Egypt’s Western Desert

Five producing wells in Egypt’s Western Desert operated by Khalda Petroleum Co., a joint-venture between Apache Corp. and Egyptian General Petroleum Corp. (EGPC), have produced 1 million bbl of oil since November. …read more Source: Oil Gas Journal   

Mar
31
2015

Johnson to succeed Kirkland as Chevron executive VP, upstream

Chevron Corp. has appointed James W. Johnson to succeed George L. Kirkland as executive vice-president, upstream. Kirkland, who also serves as vice-chairman, will retire from the company effective June 15. …read more Source: Oil Gas Journal   

Mar
31
2015

DNO suspends oil production in Yemen

Security problems have forced DNO ASA, Oslo, to suspend production in Yemen. …read more Source: Oil Gas Journal   

Mar
31
2015

Rex Energy enters Moraine East drilling JV

Rex Energy Corp., State College, Pa., has entered a joint venture agreement with an affiliate of ArcLight Capital Partners LLC for the joint development of 32 wells in western Pennsylvania. …read more Source: Oil Gas Journal   

Mar
31
2015

Analyst: Cost key variable in crude-price scenarios

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers’ costs, says a veteran observer of oil markets and the Middle East. …read more Source: Oil Gas Journal   

Mar
31
2015

How Markets Influence Oil Prices

[…] …read more Source: OIl Price News   

Mar
31
2015

NEB sees growth in bitumen production through 2018

Despite budget cuts for oil sands projects, Canada’s National Energy Board reports the potential of an additional 1 million b/d through 2018. Current bitumen production is less than 2.5 million b/d. …read more Source: Oil Gas Journal   

Mar
30
2015

Chevron Canada applies with AER for 32 wells in Fox Creek area

Chevron Canada Resources has filed an application with Alberta Energy Regulator to drill 32 wells in the Duvernay formation in the Fox Creek area. …read more Source: Oil Gas Journal   

Mar
30
2015

EIA: US oil output growth in 2014 largest in more than 100 years

US crude oil production, including lease condensate, increased during 2014 by 1.2 million b/d to 8.7 million b/d, the largest rise in volume since recordkeeping began in 1900, according to data from the US Energy Information Administration. …read more Source: Oil Gas Journal   

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