Archives May 2015

May
29
2015

BHI: US rig count declines 10 units, falls below nadir of 2008-09 downturn

The US drilling rig count dropped 10 units during the week ended May 29 to settle at 875 rigs working, falling below the nadir of the 2008-09 downturn by a single unit, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

May
29
2015

Associations urge flexibility in proposed Alaska offshore rules

The American Petroleum Institute, National Ocean Industries Association, and US Chamber of Commerce’s Institute for 21st Century Energy jointly called for more flexibility in two US Department of Interior agencies’ proposed Alaska offshore oil and gas regulations. …read more Source: Oil Gas Journal   

May
29
2015

W&T Offshore makes deepwater gulf discovery, starts Medusa production

W&T Offshore Inc., Houston, reported a discovery at Ewing Banks Block 910 and the start of production from the SS No. 6 well in Mississippi Canyon Block 538 field, both in the deepwater Gulf of Mexico. …read more Source: Oil Gas Journal   

May
28
2015

Woodside decides to exit Tanzania PSA with Beach

Woodside Petroleum Ltd. has decided not to take up its option to proceed to Phase 2 of the Lake Tanganyika South production-sharing agreement (PSA) in Tanzania with Beach Petroleum Ltd. …read more Source: Oil Gas Journal   

May
27
2015

La Jolla Conference: Mexican energy reform a ‘telenovela,’ panelist says

Energy reform in Mexico is a telenovela wherein stories of intrigue and suspense will arise, but in the end, everything will turn out okay, opined Duncan Wood, director of the Mexico Institute at the Woodrow Wilson International Center for Scholars, during a May 21 panel discussion at the XXIV La Jolla Energy Conference in La […]

May
27
2015

Total reports 2 billion bbl output from Block 17 offshore Angola

Total SA has reached cumulative production of 2 billion bbl from its deepwater Block 17, 150 km offshore Angola. …read more Source: Oil Gas Journal   

May
26
2015

API-Ohio runs radio ads against proposed state severance tax

The American Petroleum Institute launched a series of radio ads in Ohio urging people to call their state senators in opposition of any additional taxes on the oil and gas industry, said Chris Zeigler, API-Ohio executive director. …read more Source: Oil Gas Journal   

May
26
2015

Petronas starts production from Bukit Tua field off East Java

Petronas reported startup of production from Bukit Tua field, and expects peak production to reach 20,000 b/d and 50 MMscfd. …read more Source: Oil Gas Journal   

May
26
2015

Forest fire causes Cenovus to shutter Foster Creek facilities

Cenovus Energy Inc. halted production on May 23 from its Foster Creek oil sands and Athabasca natural gas operations as a precaution due to a forest fire about 25 km south on the Cold Lake Air Weapons Range (CLAWR) in northeastern Alberta. …read more Source: Oil Gas Journal   

May
26
2015

La Jolla Conference: Regulations still constraining unconventional energy development

While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administration hasn’t made things easier on companies forced to cope with new market realities, panelists said on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif. …read more Source: Oil […]

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