Archives December 2015

Dec
31
2015

BHI: US rig count declines 2 units to 698

The overall US drilling rig count fell 2 units to 698 during the shortened holiday week ended Dec. 31. The total is down 1,113 rigs from the same week a year ago, according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
31
2015

‘Wave surge’ kills one, injures two on drilling rig in North Sea

Statoil ASA reported one fatality and two injuries from a “breaking wave” on the COSL Innovator semisubmersible drilling rig in Troll field west of Bergen in the North Sea on Dec. 30. …read more Source: Oil Gas Journal   

Dec
30
2015

Gas production starts from Corrib field offshore Ireland

Royal Dutch Shell PLC reported that natural gas production has started from Corrib field in 350 m of water 83 km offshore northwestern Ireland. At peak production, Corrib is expected to reach 260 MMscfd of gas, or 45,000 boe/d. …read more Source: Oil Gas Journal   

Dec
30
2015

BPTT gas production falls 20% to 1.76 bcfd during 2015

BP Trinidad & Tobago’s (BPTT) natural gas production in Trinidad and Tobago has fallen by almost 20% during 2015, leading to significant gas curtailments in the Caribbean twin-island nation while impacting LNG, methanol, and ammonia production. …read more Source: Oil Gas Journal   

Dec
30
2015

Canadian Oil Sands urges shareholders to ignore Suncor offer

Canadian Oil Sands Ltd. is again urging shareholders to ignore the “undervalued and opportunistic” offer from Suncor Energy Inc. Both companies are based in Calgary. …read more Source: Oil Gas Journal   

Dec
28
2015

Cidade de Marica FPSO arrives to Lula field

The Cidade de Marica floating production, storage, and offloading vessel reached on Dec. 25 the Lula Alto area of Lula field in the Santos basin presalt. The vessel departed on Dec. 19 the Brasa shipyard in Niteroi in the Brazilian state of Rio de Janeiro. …read more Source: Oil Gas Journal   

Dec
28
2015

Shell terminates contract for second Arctic drilling unit

Royal Dutch Shell PLC has elected to cancel its contract with Transocean Ltd. for the harsh environment semisubmersible Polar Pioneer before its July 2017 expiration date. …read more Source: Oil Gas Journal   

Dec
28
2015

OPEC world oil outlook sees $95/bbl oil in 2040

The Organization of Petroleum Exporting Countries said the group was unlikely to reduce its production levels next year, but it does expect to cut production in future years. Regarding non-OPEC supply, the group expects US and Canadian liquids production to reach 19.8 million b/d in 2020. …read more Source: Oil Gas Journal   

Dec
23
2015

BHI: Overall US rig count falls to 700 in shortened holiday week

The overall US drilling rig count fell 9 units to an even 700 during the week ended Dec. 23­—shortened by the Christmas holiday—according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
22
2015

Cidade de Saquarema FPSO arrives in Brazil

The Cidade de Saquarema floating production, storage, and offloading vessel docked on Dec. 20 at the Brasa shipyard in Niteroi of Rio de Janeiro state, where lifting operations and integration of processing plant modules will be completed. …read more Source: Oil Gas Journal   

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