Archives May 2016

May
19
2016

Technip, FMC Technologies to merge, form $13-billion enterprise

Technip SA and FMC Technologies Inc. have agreed to merge in an all-stock deal, creating a $13-billion combined company to be named TechnipFMC. The deal is expected to close early in 2017. …read more Source: Oil Gas Journal   

May
19
2016

Rystad estimates 3,900 drilled but uncompleted US horizontal oil wells

US shale operators have accumulated an estimated 3,900 drilled but uncompleted (DUC) horizontal oil wells with more than 90% in major liquids plays, said Rystad Energy’s latest analysis. …read more Source: Oil Gas Journal   

May
17
2016

CERI: Pipelines key to Canadian heavy-oil exports to US

Heavy crude oil from western Canada available for export to the US in 2035 could be as high as 3.9 million b/d or as low as 2.5 million b/d, depending on pipeline developments, says the Canadian Energy Research Institute. …read more Source: Oil Gas Journal   

May
17
2016

Shell resumes some production at Brutus in Gulf of Mexico

Shell Exploration & Production Co. and the US Coast Guard agreed to conclude skimming operations in their joint response to an estimated oil discharge of 2,100 bbl from a subsea flow line at Glider field in the Gulf of Mexico off Louisiana, Shell E&P said May 16. …read more Source: Oil Gas Journal   

May
17
2016

EnerVest acquires Eagle Ford shale assets

EnerVest Ltd. said it and its institutional partners have closed or entered agreements to acquire Eagle Ford shale assets totaling $1.3 billion in three deals since last September. …read more Source: Oil Gas Journal   

May
16
2016

BP doubles interest in North Sea’s Culzean development

BP PLC has acquired another 16% interest in the Culzean development of the UK central North Sea from JX Nippon Oil & Energy Co., bringing the British multinational firm’s total stake in the project to 32%. …read more Source: Oil Gas Journal   

May
16
2016

EIA: Permian oil-output drop forecast to increase in June

Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). …read more Source: Oil Gas Journal   

May
16
2016

Inpex-led Ichthys LNG project marks another milestone

The Inpex Corp.-operated Ichthys LNG project has reached another milestone with completion of the prelaying of the 77-km chain and mooring system near Ichthys gas-condensate field in the Browse basin offshore Western Australia. …read more Source: Oil Gas Journal   

May
16
2016

Preparing recovery staffing

The International Association of Drilling Contractors (IADC) Gateway program has accredited Lone Star College’s Oil & Gas Drilling Floorhand-Roustabout Certification. Lone Star is the first community college in the US to earn this accreditation. …read more Source: Oil Gas Journal   

May
13
2016

EPA final methane emissions rule broadens limits to low-producing wells

The US Environmental Protection Agency issued a final rule designed to limit methane emissions from new US oil and gas wells and storage tanks on May 12 that also expands restrictions to wells producing fewer than 15 b/d. …read more Source: Oil Gas Journal   

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