Archives December 2015

Dec
14
2015

Watching Government: A deal to allow oil exports?

It was hardly surprising that US senators quietly started to discuss ending the 40-year-old ban on exporting domestically produced crude oil in exchange for extending renewable and alternative energy research tax credits. …read more Source: Oil Gas Journal   

Dec
14
2015

EPA cautioned by industry associations on possible methane emissions rules

The US Environmental Protection Agency should not move too quickly to impose additional methane emissions regulations on producers, several oil and gas associations said. …read more Source: Oil Gas Journal   

Dec
11
2015

Production begins from Moho Phase 1b offshore Congo (Brazzaville)

Total SA has started production from Moho Phase 1b, 75 km offshore Pointe-Noire, Congo (Brazzaville). The project, which lies in 750-1,200 m of water, is operated by Total and has a production capacity of 40,000 boe/d. …read more Source: Oil Gas Journal   

Dec
11
2015

BHI: Overall US rig count plunges 28 units

The overall US drilling rig count plunged 28 units to 709 during the week ended Dec. 11, representing its lowest level since Sept. 17, 1999, according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
11
2015

Woodside-led Greater Western Flank project gets green light

The Woodside Petroleum Ltd.-led Greater Western Flank project Phase 2 on the North West Shelf off Western Australia has been given the go ahead. …read more Source: Oil Gas Journal   

Dec
11
2015

Statoil, Repsol to exchange certain global stakes

Statoil ASA has agreed to several deals with Repsol SA that will affect both companies’ stakes in fields offshore UK and Norway, in the Campos basin offshore Brazil, and in the Eagle Ford shale of South Texas. Prices were not disclosed. …read more Source: Oil Gas Journal   

Dec
11
2015

Glen Lyon FPSO departs for West of Shetland

The Glen Lyon floating production, storage, and offloading vessel has started sea trials as it begins its journey toward West of Shetland, where it will serve as the hub for the 450 million-bbl Quad204 development in the North Sea. …read more Source: Oil Gas Journal   

Dec
10
2015

Cenovus Energy’s capital spending budget down 19% for 2016

Cenovus Energy Inc., Calgary, expects to invest $1.4-1.6 billion in 2016. While allowing for the planned completion of well-advanced oil sands growth projects next year, the planned budget represents a 19% decrease in capital spending compared with total forecast spending for 2015. …read more Source: Oil Gas Journal   

Dec
10
2015

Chevron cuts 2016 capital budget by 24% to $26.6 billion

Chevron Corp. plans a $26.6-billion capital and exploratory investment program for 2016, including $4.5 billion of planned expenditures by affiliates. The budget is 24% lower than total expected investments for 2015. …read more Source: Oil Gas Journal   

Dec
10
2015

Woodside-led Browse FLNG JV lets second FEED contract

The Woodside Petroleum Ltd.-led Browse floating LNG (FLNG) joint venture has let a second contract to Wood Group Kenny for front-end engineering and design for the FLNG project, 300 km offshore Kimberley, Western Australia. …read more Source: Oil Gas Journal   

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