Archives March 2016

Mar
31
2016

API: Regulatory onslaught may keep producers out of methane program

An eruption of proposed US Environmental Protection Agency regulations in the last year could create such substantial compliance costs for oil and gas producers that many would not be able to participate in EPA’s voluntary Methane Challenge Program, two American Petroleum Institute officials warned. …read more Source: Oil Gas Journal   

Mar
31
2016

BP, CNPC ink Chinese shale gas PSC

BP PLC and China National Petroleum Corp. (CNPC) have signed a production-sharing contract for shale gas exploration, development, and production on Neijiang-Dazu block in China’s Sichuan basin. …read more Source: Oil Gas Journal   

Mar
31
2016

OGUK updates well integrity guidelines

Oil & Gas UK has published updated guidelines on well practices to improve safety and performance. …read more Source: Oil Gas Journal   

Mar
30
2016

Chevron terminates contract for Maersk Deliverer

Cabinda Gulf Oil Co. Ltd. (Cabgoc), Chevron Corp.’s affiliate in Angola, has elected to cancel its contract with Maersk Drilling for the dynamically positioned semisubmersible Maersk Deliverer ultradeepwater drilling rig. …read more Source: Oil Gas Journal   

Mar
30
2016

EIA: Costs of US oil, gas wells have declined since 2012

Average well drilling and completion costs in five key onshore areas in the US evaluated in 2015 were between 25% and 30% below their level in 2012, when costs per well were at their highest point over the past decade, according to the US Energy Information Agency’s recent study, Trends in US Oil & Natural […]

Mar
30
2016

Kuwait, Saudi Arabia agree to restart jointly held Khafji field

Kuwait and Saudi Arabia agreed to resume production at offshore Khafji oil field although no restart date was immediately available, Kuwait News Agency (Kuna) reported, saying Anas al-Saleh, Kuwait’s acting oil minister, told Kuwait’s Parliament that maintenance was planned first at the field. …read more Source: Oil Gas Journal   

Mar
29
2016

Cowen: Subsea tree awards to drop again

As offshore oil and gas development wanes, project awards for subsea trees plummet. …read more Source: Oil Gas Journal   

Mar
29
2016

DONG, Bayerngas cancel Hejre EPC contract

DONG Energy and Bayerngas Norge have cancelled the engineering, procurement, and construction contract for development of Hejre oil and gas field offshore Denmark. …read more Source: Oil Gas Journal   

Mar
29
2016

LWI vessel en route to Oyo field offshore Nigeria

The Island Constructor light well intervention (LWI) vessel is en route to Oyo field offshore Nigeria for service on the Oyo-8 well’s subsurface controlled subsurface safety valve (SCSSV), Erin Energy Corp. reported. …read more Source: Oil Gas Journal   

Mar
29
2016

Louisiana governor, House members protest BSEE well-control proposal

The US Bureau of Safety and Environmental Enforcement’s proposed offshore well-control rule would be too costly and could curtail oil and gas activity in the Gulf of Mexico, Louisiana Gov. John Bel Edwards (D) and members of the state’s US House delegation said in separate protests. …read more Source: Oil Gas Journal   

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