Archives December 2015

Dec
7
2015

ExxonMobil publishes updated assay for Equatoguinean Zafiro Blend

ExxonMobil Corp. in October published an updated crude oil assay for Zafiro Blend, which is jointly produced by subsidiary Mobil Equatorial Guinea Inc. (71.25%), Guinea Ecuatorial de Petróleos (GE Petrol) (23.75), and the government of Equatorial Guinea (5%). …read more Source: Oil Gas Journal   

Dec
4
2015

API, NGSA separately caution EPA on possible methane emissions rules

The US Environmental Protection Agency should not move too quickly to impose addition methane emissions regulations on producers, two national oil and gas associations separately said on Dec. 3. …read more Source: Oil Gas Journal   

Dec
4
2015

TAEP: Texas oil, gas industry contraction is worst in decades

The Texas Petro Index (TPI) declined in October for the 11th straight month to 212.3, down 32.2% from October 2014 when the TPI reached a record 313.2. …read more Source: Oil Gas Journal   

Dec
4
2015

BHI: US rig count hits lowest level since 1999

The US drilling rig count dropped 7 units to 737 during the week ended Dec. 4, marking its lowest point since Oct. 15, 1999, according to Baker Hughes Inc. data. …read more Source: Oil Gas Journal   

Dec
4
2015

OPEC members accommodate current production levels

Members of the Organization of Petroleum Exporting Countries made no formal decision on changing the group’s production quota, but instead concluded the scheduled Dec. 4 meeting in Vienna by saying the group will accommodate the current production level, which is more than 1 million b/d over the 30 million-b/d quota set last year. …read more […]

Dec
3
2015

Husky, CNOOC sign PSC for Pearl River Mouth basin block

Husky Energy Inc. says an affiliate plans to drill two wells “in the 2017 timeframe” on Block 15/33 in the Pearl River Mouth basin in the South China Sea. …read more Source: Oil Gas Journal   

Dec
3
2015

Questions raised about new Iranian contract

Despite “a tangible sense of excitement” at a Tehran conference during which Iranian officials presented exploration and development projects that might become available for international investment, questions remain about new terms of participation, reports Niazi Kabalan of the London law firm Pinsent Masons. …read more Source: Oil Gas Journal   

Dec
2
2015

Eni signs Mexican PSC, plans four wells

Eni SPA will drill four delineation wells under a production-sharing contract it has signed with the National Hydrocarbons Commission for the block it won in the second tender of Round One licensing in Mexico. …read more Source: Oil Gas Journal   

Dec
2
2015

Platform installed at Coelacanth field in Gulf of Mexico

Walter Oil & Gas Corp., Houston, reported the successful installation of the recently completed Coelacanth field platform on Ewing Bank Block 834 (EW 834) in the Gulf of Mexico. …read more Source: Oil Gas Journal   

Dec
1
2015

Senate panel agrees on 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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