Archives July 2015

Jul
31
2015

BHI: Overall US rig count drops slightly, but oil rigs continue rise

A week after jumping by its highest margin since April 2014, the overall US drilling rig count lost 2 units during the week ended July 31 to settle at 874, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

Jul
31
2015

Athabasca’s Hangingstone SAGD project starts oil production

Athabasca Oil Corp. said the Hangingstone 1 steam-assisted gravity drainage (SAGD) oil sands project in Alberta started oil production in July with six well pairs converted to production. …read more Source: Oil Gas Journal   

Jul
31
2015

Industry 2Q earnings, jobs dissolve amid continued oil-price slump

A difficult year thus far for the integrated, multinational oil and gas firms caused by low oil prices has been somewhat eased by improved production and better refining margins. However, overall earnings and spending are down, and in the case of Royal Dutch Shell PLC, conditions are resulting in job cuts. …read more Source: Oil […]

Jul
30
2015

BLM seeks comments on proposed Fidelity E&P Utah oil and gas project

The US Bureau of Land Management is seeking public comments on Fidelity Exploration & Production Co.’s proposed oil and gas project 17 miles northwest of Moab, Utah. …read more Source: Oil Gas Journal   

Jul
30
2015

Tawke oil flowing despite pipeline blast

DNO ASA, Oslo, said oil production from Tawke field in the Kurdistan region of Iraq continues despite shutdown of the pipeline that carries Iraqi crude from Kirkuk to Ceyhan, Turkey, on the Mediterranean. …read more Source: Oil Gas Journal   

Jul
30
2015

Gulfport: Utica shale accounts for 97% of overall net 2Q production

Gulfport Energy Corp., Oklahoma City, reported its second-quarter Utica shale production in Ohio accounted for 97% of its overall net production compared with 79% a year earlier. …read more Source: Oil Gas Journal   

Jul
29
2015

SSE E&P UK buys interest in West of Shetland fields for $876 million

SSE E&P UK Ltd. has agreed to acquire 20% interest in Laggan, Tormore, Edradour, and Glenlivet fields in the West of Shetland area from Total SA for $876 million. …read more Source: Oil Gas Journal   

Jul
29
2015

Petronas lets contract for Kanowit field FLNG work

Malaysian state-owned Petronas has let a contract to France’s Technip for the engineering, procurement, construction, installation, commissioning, and tie-in of the PFLNG1 (Satu) floating LNG (FLNG) facility to the KAKG-A platform in Kanowit field. Kanowit lies in 80 m of water 200 km offshore eastern Malaysia. …read more Source: Oil Gas Journal   

Jul
29
2015

Latest Texas Petro Index shows ‘economic disconnect’

The Texas Petro Index (TPI) for June indicates that crude oil and natural gas production and jobs estimates in the Lone Star State increased from May despite the unfavorable economic climate. …read more Source: Oil Gas Journal   

Jul
28
2015

Senate Banking Committee’s crude export debate breaks along party lines

Congressional committee debate over the 40-year ban on exporting US-produced crude oil continued to break largely along party lines as the US Senate Banking, Housing, and Urban Affairs held its first hearing in years on the subject. Republicans on the committee called for the ban’s removal. Democrats generally opposed that idea, their positions ranging from […]

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