Archives August 2016

Aug
31
2016

Petrobras, Statoil sign upstream MOU for work offshore Brazil

Statoil ASA and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding to serves as a framework for the evaluation of joint participation in future tenders for exploration areas and the increase of upstream collaboration in producing fields in the Santos and Campos basins offshore Brazil. …read more Source: Oil Gas Journal   

Aug
31
2016

Storm preparations cut Gulf of Mexico production

Gulf of Mexico production was down by 312,280 b/d of oil and 360 MMcfd of natural gas at midday Aug. 31 as operators prepared for Tropical Depression No. 9, according to the US Bureau of Safety and Environmental Enforcement. …read more Source: Oil Gas Journal   

Aug
31
2016

Rystad: Permian to help restore US onshore oil output growth

Rystad Energy believes the Permian basin will singlehandedly restore US onshore oil production growth by November. …read more Source: Oil Gas Journal   

Aug
31
2016

Funding lapses blamed for Libyan output woes

Libya’s reconstituted government is receiving blame for failure of oil production to recover from a slump caused by civil war and for the related loss of income. …read more Source: Oil Gas Journal   

Aug
31
2016

Vaalco resumes Avouma 2-H production offshore Gabon

Vaalco Energy Inc. has resumed production from its Avouma 2-H well on the Avouma platform offshore Gabon, and the Houston independent continues to monitor its electric submersible pumps (ESP). …read more Source: Oil Gas Journal   

Aug
31
2016

Origin’s offshore Otway basin fields brought on stream

Sydney-based Origin Energy Ltd.’s wholly owned Halladale and Speculant natural gas fields in the offshore Otway basin of Victoria have been brought on stream. …read more Source: Oil Gas Journal   

Aug
30
2016

Slave Point producer starts strategic review

Virginia Hills Oil Corp., Calgary, has begun a strategic review to accommodate development of its Devonian Slave Point light-oil play in the Red Earth area of North-Central Alberta. …read more Source: Oil Gas Journal   

Aug
30
2016

Renaissance gets fourth block in Mexico

Renaissance Oil Corp., Vancouver, BC, has signed a license contract for the formerly productive Ponton Block in Veracruz, Mexico, and is preparing development plans to restart output. …read more Source: Oil Gas Journal   

Aug
30
2016

Victoria government to place permanent ban on fracing

Victorian Labor Premier Daniel Andrews has announced that his government will introduce a permanent ban on hydraulic fracturing and all exploration and development of unconventional gas throughout the state. …read more Source: Oil Gas Journal   

Aug
30
2016

Shell tests Ormen Lange subsea gas compression, power pilot

Norske Shell successfully finished a multiyear test of a subsea natural gas compression system with a full subsea power supply, transmission, and distribution system supplied by GE Oil & Gas for a pilot on Ormen Lange field offshore Norway. …read more Source: Oil Gas Journal   

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