Archives February 2016

The Indian government is considering incentives for development of high-cost natural gas resources. …read more Source: Oil Gas Journal   

Four emerging technologies were recently recognized as possible fledgling solutions to reducing water usage in onshore oil and natural gas operations. …read more Source: Oil Gas Journal   

Rapidly shrinking numbers of people performing rapidly diminishing amounts of work should generate fewer total accidents. That’s a rare advantage of a devastating market collapse. …read more Source: Oil Gas Journal   

Overseas investment decisions could have a bigger impact on global petroleum markets in 2016 than exporting countries’ volume reductions or geopolitics amid continuing depressed crude oil prices, US Energy Information Administration Deputy Administrator Howard Gruenspecht suggested to a Washington audience. …read more Source: Oil Gas Journal   

The US rig count dropped 12 units to 502 during the week ended Feb. 26, according to Baker Hughes Inc. data. While the decline is the smallest thus far this year, it represents the eighth straight weekly double-digit drop to begin 2016. …read more Source: Oil Gas Journal   

EOG Resources Inc., Houston, reported planned capital expenditures for 2016 of $2.4-2.6 billion, a 45-50% year-over-year reduction. …read more Source: Oil Gas Journal   

Production has started from Vega Pleyade natural gas and condensate field offshore Tierra del Fuego, Argentina, reports operator Total SA. …read more Source: Oil Gas Journal   

Domination by state-owned Petroleo Brasileiro SA (Petrobras) of presalt licenses offshore Brazil would cease under legislation approved Feb. 24 by the Brazilian Senate. …read more Source: Oil Gas Journal   

Partners in deepwater Leviathan natural gas field offshore Israel have filed a revised development plan that increases production capacity to 21 billion cu m (bcm)/year from 16 bcm/year in the original plan. Development would be based on subsea completions linked by pipeline to a fixed platform. …read more Source: Oil Gas Journal   

Chesapeake Energy Corp., Oklahoma City, reported planned total capital expenditures for 2016 of $1.3-1.8 billion, 57% lower than the 2015 level. …read more Source: Oil Gas Journal