Archives December 2015

Dec
16
2015

Local firms dominate Mexico’s onshore third-phase Round 1

Twenty-five entities comprising individual companies or consortia were awarded contracts on Dec. 15 for Mexico’s Round 1 Phase 3, marking the entrance of 22 firms into the country’s oil and gas sector, according to Mexico’s National Hydrocarbons Commission (CNH). …read more Source: Oil Gas Journal   

Dec
16
2015

Suncor advances Meadow Creek East SAGD work

Suncor Energy Inc. has taken a commercial step in the long-proposed Meadow Creek thermal oil sands project in Alberta as it awaits action on an amended development application. …read more Source: Oil Gas Journal   

Dec
16
2015

IHS examines oil sands costs, competitiveness

Canadian oil sands costs had moderated following years of cost escalations, but an IHS report said realities associated with the 2014-15 oil price collapse could see shift in oil sands’ relative competitiveness with other key sources of supply. …read more Source: Oil Gas Journal   

Dec
16
2015

NEB: Oil sands production to reach 3.3 million b/d by 2020

Canadian oil sands production is expected to reach 3.3 million b/d by 2020, up from 2.5 million in November, the National Energy Board said. …read more Source: Oil Gas Journal   

Dec
16
2015

DEA completes acquisition of E.On E&P Norge

DEA Deutsche Erdoel AG, Hamburg, reported completion of the acquisition of all the shares of E.On E&P Norge AS. …read more Source: Oil Gas Journal   

Dec
15
2015

Associations list concerns with BLM’s regulatory reform proposals

Three major trade associations representing US oil and gas producers urged the Bureau of Land Management to reconsider proposals aimed at revising and improving three of its Onshore Oil and Gas Orders, and work more closely with the industry to develop a more workable approach. …read more Source: Oil Gas Journal   

Dec
15
2015

Contract let for Odd Job field in deepwater gulf

Deep Gulf Energy II LLC (DGE) has let a lump-sum contract to Technip SA to develop its Odd Job field on Mississippi Canyon Blocks 214 and 215 in the Gulf of Mexico. The ultradeepwater development lies offshore New Orleans in 4,800 ft of water. …read more Source: Oil Gas Journal   

Dec
15
2015

Moody’s: Lower price assumptions hurt industry outlook

Near-term prospects for oil and gas producers are deteriorating along with expectations for prices of crude oil and natural gas. …read more Source: Oil Gas Journal   

Dec
14
2015

Encana reduces 2016 capital budget by 25%

Encana Corp. plans a 2016 capital budget of $1.5-1.7 billion, down $600 million compared with its 2015 budget. …read more Source: Oil Gas Journal   

Dec
14
2015

Senate panel sees need for tougher offshore well control rules

US Senate Energy and Natural Resources Committee members generally agreed that tougher federal offshore oil and gas well control regulations should be adopted soon, but disagreed over whether the Obama administration’s proposed regulations go too far or not far enough. …read more Source: Oil Gas Journal   

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