Archives May 2016

May
13
2016

Ephindo takes on IGas interest in Sangatta West block

IGas Energy PLC has sold its 24% interest in Sangatta West CBM Inc. to partner Ephindo International CBM Holding Inc. under a share transfer agreement. IGas said the company’s disposal of its remaining Indonesian interests is effective May 13. …read more Source: Oil Gas Journal   

May
13
2016

BHI: Oil rigs push down overall US rig count by 9

The US drilling rig count fell 9 units to 406 rigs working during the week ended May 13, anchored by a double-digit loss in oil-directed rigs, according to data compiled by Baker Hughes Inc. …read more Source: Oil Gas Journal   

May
13
2016

Nigerian violence linked to amnesty cuts

A surge in violence aggravating an oil-production slump in Nigeria reflects the government’s pullback from an amnesty program for militants, says an analyst at Verisk Maplecroft, Bath, London. …read more Source: Oil Gas Journal   

May
13
2016

Eni increases gas, condensate production from Nooros field off Egypt

Eni SPA reported reaching production of 65,000 boe/d from Nooros field offshore northern Egypt. Plans are to increase production to 140,000 boe/d by yearend. …read more Source: Oil Gas Journal   

May
13
2016

WEA, ND council sue BLM, USFS over sage grouse land use plan changes

The Western Energy Alliance and North Dakota Petroleum Council jointly sued the US Bureau of Land Management and US Forest Service, charging that the agencies developed amended land use plans for the greater sage grouse that impose restrictions on new oil and gas leases and on development of existing leases. …read more Source: Oil Gas […]

May
13
2016

BSEE, Coast Guard investigate oil sheen in Gulf of Mexico

The US Bureau of Safety and Environmental Enforcement (BSEE) and US Coast Guard responded to reports from Shell Offshore Inc. of an oil sheen in the Gulf of Mexico about 100 miles south of Port Fourchon, La. …read more Source: Oil Gas Journal   

May
12
2016

IEA: Oil supply surplus to shrink in second half

In its May Oil Market Report, the International Energy Agency states that the global oil market is “staying on course” to be balanced. …read more Source: Oil Gas Journal   

May
12
2016

NOPSEMA rejects Wheatstone start-up plan

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has sent back Chevron Australia’s start-up and operations environment plan for the Wheatstone domestic gas-LNG project off Western Australia saying the plan is not sufficiently robust. …read more Source: Oil Gas Journal   

May
12
2016

Six reasons why oil prices reached new 2016 highs

Crude oil was at a 13-year record $25 low in mid-January 2016 and has soared more than 70 per cent since. The battle is on again. We are talking about the mighty forces whipping up the oil prices. How does the investor work out where the oil price will go? Ultimately, you have to make […]

May
11
2016

Operators report no major damage from Alberta fires to oil, gas facilities

Alberta’s wildfires have created havoc, but Alberta Energy Regulator said on May 10 it had no reports of damage to energy facilities. …read more Source: Oil Gas Journal   

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