Archives August 2015

Aug
26
2015

WoodMac: Eagle Ford production sees growth, despite slowdown

Eagle Ford wells brought online are expected to fall to around 2,700 from 4,000 in 2014, according to analyst group Wood Mackenzie Ltd. The company’s most recent analysis cites that production growth is slow in the near term, but the full effect of lower oil prices is moderated by improved recoveries in core areas. …read […]

Aug
25
2015

Maersk Oil lets contract for Culzean field work

Maersk Oil North Sea UK Ltd. has let a contract to Tenaris for work relating to the Culzean field development project in the UK North Sea. …read more Source: Oil Gas Journal   

Aug
24
2015

Low oil prices slam second-quarter earnings

The long decline in crude oil prices continued to slam North American oil companies’ second-quarter upstream earnings, which were partly offset by higher oil volumes and lower operating costs. …read more Source: Oil Gas Journal   

Aug
21
2015

BHI: US oil-directed rig count rises for fifth straight week

The overall US drilling rig count edged up 1 unit to 885 rigs working during the week ended Aug. 21, according to data from Baker Hughes Inc. The oil-directed count increased for the fifth straight week, rising 2 more units. …read more Source: Oil Gas Journal   

Aug
21
2015

Second production well online at Prirazlomnoye field in Pechora Sea

JSC Gazprom Neft said a second well has been brought on production in Prirazlomnoye field in the Pechora Sea. The well extends more than 4,500 m. …read more Source: Oil Gas Journal   

Aug
21
2015

API: US petroleum demand up in July

Total petroleum deliveries, a measure of demand, rose 2.2% from July 2014 to average nearly 19.6 million b/d last month, according to the American Petroleum Institute’s most recent Monthly Statistical Report. …read more Source: Oil Gas Journal   

Aug
21
2015

Statoil: Ministry approves PDO for first phase of Johan Sverdrup

Statoil ASA reported the plan for development and operation (PDO) for Johan Sverdrup field in the North Sea has been approved by Norway’s Ministry of Petroleum and Energy. …read more Source: Oil Gas Journal   

Aug
20
2015

Drilling under way on first NPR-A oil development

ConocoPhillips has started drilling on the first oil development in the National Petroleum Reserve-Alaska (NPR-A). …read more Source: Oil Gas Journal   

Aug
20
2015

DNO increases Tawke output, seeks steady payment from KRG

DNO ASA reported average second-quarter production of 153,346 bo/d from Tawke field in the Kurdistan region of Iraq after doubling the field’s capacity to 200,000 bo/d during the first half. …read more Source: Oil Gas Journal   

Aug
20
2015

Make Shell disclose offshore drilling risks, Senate members demand

Eleven US Senate Democrats and Independent Bernard Sanders (Vt.) asked the US Securities and Exchange Commission to make Royal Dutch Shell PLC disclose to the public and investors inherent risks offshore oil drilling poses if there is a spill or other environmental accident. …read more Source: Oil Gas Journal   

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