Archives August 2015

Aug
31
2015

Alaska should move faster to export LNG, study concludes

Declining crude oil production and growing economic challenges make it urgent for Alaska’s business and government leaders to move ahead more quickly on getting a major LNG export project up and running in the state, an American Council for Capital Formation report concluded. …read more Source: Oil Gas Journal   

Aug
31
2015

US LNG export prospects are uncertain, Brookings analyst says

US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said. …read more Source: Oil Gas Journal   

Aug
31
2015

Wells boost flow from licenses in Thailand

Three wells recently completed on the SW1, L44/43, and L33/43 licenses in north-central Thailand had combined initial production exceeding 4,000 b/d and pushed total output to 9,466 b/d of light oil in July, reports Loyz Energy Ltd., Singapore. …read more Source: Oil Gas Journal   

Aug
31
2015

Call for more risk disclosure a shot in offshore barrage

Senate liberals made motivations clear when they demanded that the US Securities and Exchange Commission enhance requirements for the disclosure of risks associated with oil and gas drilling. …read more Source: Oil Gas Journal   

Aug
31
2015

UK approves $4.5-billion Culzean development in North Sea

The UK Oil & Gas Authority has greenlighted development of high-pressure, high-temperature (HPHT) Culzean field in the central North Sea. …read more Source: Oil Gas Journal   

Aug
28
2015

Tap Oil signs PSC for block offshore Myanmar

Tap Oil Ltd. reported its entry into Myanmar following the signing of the production-sharing contract for shallow-water Block M-7 in the Moattama basin offshore Myanmar. Tap holds 95% participating interest in the block and has assumed operatorship. …read more Source: Oil Gas Journal   

Aug
28
2015

US rig count down 8 units, ‘ugly’ next 12 months expected

After several weeks in which the overall US drilling rig count steadily climbed, the week ended Aug. 28 marked its largest loss since early June, dropping 8 units to 877 rigs working, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

Aug
28
2015

EIA: US oil, gas supply less vulnerable to hurricanes in 2015

A relatively light hurricane season anticipated for 2015 and an overall decline in the Gulf of Mexico’s share of US crude oil and natural gas production both serve to minimize the risk of supply disruptions, the US Energy Information Administration noted in its Aug. 28 energy update. …read more Source: Oil Gas Journal   

Aug
27
2015

PetroChina reports first half results

PetroChina Co. Ltd. reported first-half increases in output of crude, natural gas, and refined products compared with a year earlier. …read more Source: Oil Gas Journal   

Aug
27
2015

CNOOC net production up in first half

CNOOC Ltd. said first-half net production of oil and gas rose 13.5% to 240.1 million boe, primarily due to contributions from new projects in Bohai and the eastern South China Sea. …read more Source: Oil Gas Journal   

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