Archives January 2016

Jan
29
2016

EIA: US oil output in November edged down to 9.32 million b/d

US crude oil production during November totaled 9.32 million b/d, a decline of less than a percent from the October total but still up 1.3% compared with the November 2014 total, according to data from the US Energy Information Administration mostly based on data from its EIA-914 survey. …read more Source: Oil Gas Journal   

Jan
29
2016

BHI: US rig count drops 18 units; global count could fall 30% in 2016

With oil-directed rigs representing two thirds of the decline, the US drilling rig count fell 18 units to 619 during the week ended Jan. 29, the latest Baker Hughes Inc. data show. …read more Source: Oil Gas Journal   

Jan
29
2016

IHS: Hedging by North American producers down

North American exploration and production companies enter a year of commodity-price weakness with just 15% of their total production hedged, reports IHS Energy. …read more Source: Oil Gas Journal   

Jan
29
2016

Second contract let for hook-up services for Ichthys LNG project

Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) has let a contract to engineering firm Clough Ltd., Perth, for hook-up services on the Ichthys LNG project’s floating production, storage, and offloading facility. …read more Source: Oil Gas Journal   

Jan
28
2016

NEB: Oil sands output gains to continue

Production from the Canadian oil sands will increase through 2040 even if pipeline capacity remains constrained, says the National Energy Board of Canada. …read more Source: Oil Gas Journal   

Jan
28
2016

Athabasca Oil enters venture with Murphy Oil for development in Alberta

Athabasca Oil Corp. has agreed with the Canadian unit of Murphy Oil Corp. to jointly develop the Duvernay and Montney in the Kaybob area in west-central Alberta. The transaction is valued at $475 million (Can.) …read more Source: Oil Gas Journal   

Jan
28
2016

Clarksons: World mobile offshore drilling rig utilization drops to 73%

Worldwide mobile offshore drilling rig utilization dropped to 73% from 87% during last year, the lowest utilization level in 30 years, Clarksons Research Services Ltd. of London reported in its Offshore Drilling Rig Monthly. …read more Source: Oil Gas Journal   

Jan
28
2016

Woodside lets Greater Western Flank subsea contract

Woodside Petroleum Ltd. has let a $180-million contract to FMC Technologies for the design, manufacture, and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) project on the North West Shelf offshore Western Australia. …read more Source: Oil Gas Journal   

Jan
27
2016

Cox named head of E&P for Centrica

Chris Cox has been named head of exploration and production for Centrica PLC. Cox has worked for BG Group, Chevron Corp., and Amerada Hess in North Sea operating roles. …read more Source: Oil Gas Journal   

Jan
27
2016

Gas flow starts from Chuandongbei project in southwest China

Unocal East China Sea Ltd., a wholly owned subsidiary of Chevron Corp., has started natural gas production from the first stage of the Chuandongbei project in southwest China. …read more Source: Oil Gas Journal   

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