Archives November 2015

Nov
12
2015

APICORP: Iranian output targets achievable but uncertain

Achievement of ambitious production targets set by the Iranian government is possible but far from certain, according to Arab Petroleum Investments Corp. (APICORP), Dammam. …read more Source: Oil Gas Journal   

Nov
11
2015

Woodside JV given environmental nod for Browse FLNG project

The Australian government has given environmental approval for the Woodside Petroleum Ltd.-led joint venture’s proposed development of its Browse basin gas-condensate fields using floating LNG (FLNG) technology. …read more Source: Oil Gas Journal   

Nov
11
2015

NEB: Majors continue to dominate crude production in western Canada

Major producers’ share of operated crude production in western Canada increased to 69% in 2014 from 61% in 2008, according to the National Energy Board. During the same period, shares held by all other producer categories shrank, including intermediates, juniors, emerging juniors, and marginal producers, NEB said. …read more Source: Oil Gas Journal   

Nov
10
2015

STEO: Annual non-OPEC oil production to decline in 2016

Oil supplies from countries outside the Organization of Petroleum Exporting Countries is forecast to decline by 300,000 b/d in 2016, after an increase of 1.1 million b/d in 2015, according to the most recent Short-Term Energy Outlook from the US Energy Information Administration. This would be the first annual decline in non-OPEC production since 2008, […]

Nov
10
2015

IEA: World oil supply, demand to rebalance by 2020

The global oil market is expected to rebalance at $80/bbl by 2020, with further increases in price thereafter, as excess oil supplies are shed and demand picks up, according to the central scenario of the International Energy Agency’s 2015 World Energy Outlook, released Nov. 10. …read more Source: Oil Gas Journal   

Nov
9
2015

EIA: US shale oil output to plunge 118,000 b/d in December

Crude oil production in December from seven major US shale plays is expected to drop 118,000 b/d to 4.95 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The agency projected a 93,000-b/d decline for November. …read more Source: Oil Gas Journal   

Nov
9
2015

Jacket, wellhead platform installed in Madura BD field

Husky Energy Inc. reported installation of the jacket and wellhead platform for Madura BD gas-condensate field offshore Indonesia. …read more Source: Oil Gas Journal   

Nov
9
2015

Mitsui to buy stake in Kipper field from Santos

Mitsui & Co. Ltd. has agreed to purchase 35% stake in Australia’s Kipper gas-condensate field from Santos Ltd. for $520 million (Aus.). …read more Source: Oil Gas Journal   

Nov
9
2015

Marathon Oil to divest Gulf of Mexico assets

Marathon Oil Corp. has agreed to sell its operated producing properties in the greater Ewing Bank area and nonoperated producing interests in Petronius and Neptune fields in the Gulf of Mexico for $205 million. …read more Source: Oil Gas Journal   

Nov
9
2015

Voluntary efforts provide good basis for methane rules, McCarthy says

Rules to limit methane emissions from oil and gas operations that the US Environmental Protection Agency expects to issue before yearend will reflect voluntary programs the agency already has worked on with the industry and states for several years, EPA Administrator Gina McCarthy said. …read more Source: Oil Gas Journal   

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