Archives July 2016

Jul
27
2016

Anadarko to keep six rigs in Delaware basin of West Texas

Anadarko Petroleum Corp. plans to keep six rigs working in the Delaware basin, citing improved efficiencies and lower drilling costs. Previously, Anadarko executives had said they likely would cut the Delaware rig number from six to four this year. …read more Source: Oil Gas Journal   

Jul
26
2016

BSEE, NOAA begin joint study of multiple remote spill-sensing systems

The US Bureau of Safety and Environmental Enforcement and National Oceanic and Atmospheric Administration jointly began a study of multiple remote spill sensing systems at BSEE’s Ohmsett facility in Leonardo, NJ, south of New York City on July 22. …read more Source: Oil Gas Journal   

Jul
26
2016

BLM to analyze proposal for a second production well in NPR-A

The US Bureau of Land Management said it intends to conduct an environmental review for what would be the second oil and gas production well within the National Petroleum Reserve-Alaska. …read more Source: Oil Gas Journal   

Jul
26
2016

Saskatchewan oil spill overshadows Husky’s production advances

About 1,570 bbl of heavy oil and diluent leaked from Husky Energy Inc.’s Saskatchewan gathering system pipeline into the North Saskatchewan River on July 21, southeast of Lloydminster. …read more Source: Oil Gas Journal   

Jul
25
2016

TAEP: Tough times ‘not over’ for Texas oil, gas industry

Crude oil prices in Texas averaged $45.19/bbl in June, marking the fourth straight monthly increase since the average monthly price fell to a low of $27.08/bbl in February. …read more Source: Oil Gas Journal   

Jul
25
2016

Badra field oil production reaches 67,000 b/d

PJSC Gazprom Neft says oil production has reached 67,000 b/d from Badra field in eastern Iraq. …read more Source: Oil Gas Journal   

Jul
25
2016

The energy platforms-1: Major-party contrasts

Party platforms assembled before this year’s general election in the US cover the full ideological spectrum on energy. Some advocate reliance on markets, while others would put the government at the center of decision-making. Distinctions are sharp. …read more Source: Oil Gas Journal   

Jul
25
2016

Evaluating a measured recovery

Low oil prices have challenged the economic viability of many deepwater projects, resulting in project delays and cancellations. Some companies such as ConocoPhillips and Marathon Oil Corp. have made significant strategic shifts away from deepwater in favor of shorter-cycle US unconventional plays. …read more Source: Oil Gas Journal   

Jul
22
2016

BHI: Behind big gains in Texas, US rig count jumps 15 units

The US drilling rig count gained 15 units to 462 during the week ended July 22, representing its biggest increase since this week a year ago, according to Baker Hughes Inc. data. Fourteen of the units to come online are oil-directed. …read more Source: Oil Gas Journal   

Jul
21
2016

WoodMac: US Lower 48 producers record $150 billion in capex cuts during 2016-17

The US Lower 48 has accounted for $150 billion of the $370 billion in global capital expenditure reductions by upstream firms during 2016-17, according to analysis from WoodMackenzie. …read more Source: Oil Gas Journal   

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