Archives June 2016

Jun
22
2016

Federal district judge in Wyoming sets aside BLM’s final fracing rule

A federal district court judge in Wyoming set aside the US Bureau of Land Management’s final hydraulic fracturing rule after finding the agency did not have the necessary congressional authority to impose it. …read more Source: Oil Gas Journal   

Jun
21
2016

Lundin to take role of TAG Oil chief operating officer

Henrik Lundin has been named chief operating officer of TAG Oil Ltd., where he’ll work from the company’s operations office in New Plymouth, New Zealand. The move is effective June 27. …read more Source: Oil Gas Journal   

Jun
21
2016

Shell keen on its shale potential worldwide

Royal Dutch Shell PLC considers its shale holdings a growth priority for 2020 and beyond now that the major divested roughly half its US and Canada unconventional properties in recent years, executives told reporters during a June 20 media event at its West Houston offices. …read more Source: Oil Gas Journal   

Jun
21
2016

API, IPAA outline concerns with BLM’s proposed planning rule reforms

The US Bureau of Land Management’s proposal to establish more public involvement opportunities in its resource management planning process could increase uncertainty instead, the American Petroleum Institute and Independent Petroleum Association of America jointly warned. They called on BLM to withdraw the proposed reforms. …read more Source: Oil Gas Journal   

Jun
20
2016

Contract let for Zohr field subsea systems

Belayim Petroleum Co. (Petrobel) has let a contract worth more than $170 million to OneSubsea covering subsea production systems for the first phase of development of deepwater Zohr natural gas field off Egypt. …read more Source: Oil Gas Journal   

Jun
20
2016

Triangle Energy to buy Cliff Head interest from AWE

Triangle Energy (Global) Ltd., Perth, has emerged as the buyer of AWE Ltd.’d 57.5% working interest in the producing Cliff Head oil field in the offshore North Perth basin of Western Australia. …read more Source: Oil Gas Journal   

Jun
20
2016

Cidade de Caraguatatuba FPSO arrives in Lapa field offshore Brazil

The Cidade de Caraguatatuba floating production, storage, and offloading vessel has arrived in Petroleo Brasilierio SA-operated Lapa field in the Santos basin presalt, where the unit’s production system is slated to start up in August. …read more Source: Oil Gas Journal   

Jun
20
2016

BP sanctions fast-track development of Egypt’s Atoll Phase 1

BP PLC and Egyptian Natural Gas Holding Co. (Egas) have sanctioned development of the Atoll Phase 1 project in the North Damietta offshore concession in the East Nile Delta. …read more Source: Oil Gas Journal   

Jun
20
2016

Marathon Oil to buy STACK-focused firm for $888 million

Marathon Oil Corp., Houston, has agreed to acquire PayRock Energy Holdings LLC, an Oklahoma City-based portfolio company of EnCap Investments LP, for $888 million. The deal, to be funded with cash-on-hand, is expected to close in the third quarter. …read more Source: Oil Gas Journal   

Jun
20
2016

The drill must tell

Modern exploration goes far to improve drilling success in frontier plays. Recent rounds in the Barents Sea have opened new acreage that will likely be productive within the next decade. …read more Source: Oil Gas Journal   

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