Archives September 2016

Sep
30
2016

BHI: US drilling rig count gains 11 units to 522

The US drilling rig count jumped 11 units to 522 rigs working during the week ended Sept. 30, according to data from Baker Hughes Inc. Seven oil-directed and 4 gas-directed units began operations. …read more Source: Oil Gas Journal   

Sep
29
2016

Maersk Oil begins drilling on Culzean project, launches organizational review

Maersk Oil, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, started drilling the first production well on Sept. 28 in the company-operated Culzean field in the UK North Sea. …read more Source: Oil Gas Journal   

Sep
29
2016

OPEC agrees to consider production cuts

Ministers of the Organization of Petroleum Exporting Countries have agreed to consider trimming aggregate member production by as much as 740,000 b/d in response to a halving over the past 2 years in the price of crude oil. …read more Source: Oil Gas Journal   

Sep
29
2016

OMV to drill 12 wells in Lower Austria in 2017

OMV AG, Vienna, plans to drill 12 wells in the Weinviertel area of Lower Austria in 2017. Lower Austria is in northeastern Austria. …read more Source: Oil Gas Journal   

Sep
28
2016

Jones Energy completes deal to enter STACK, SCOOP

Jones Energy Inc., Austin, has closed on its acquisition of 18,000 net acres in the Oklahoma STACK-SCOOP play from Scoop Energy Co. LLC, a platform company of American Energy Partners LP., for $136.5 million. …read more Source: Oil Gas Journal   

Sep
27
2016

BLM increases drilling permit processing fee by $110

The US Bureau of Land Management will increase the fee it charges to process oil and natural gas drilling permit applications on public and Indian lands it administers by $110 to $9,610 effective Oct. 1. …read more Source: Oil Gas Journal   

Sep
27
2016

Statoil cancels West Epsilon jack up contract

Statoil ASA has canceled the final phase of its contract with North Atlantic Drilling Ltd. for the West Epsilon jack up rig. …read more Source: Oil Gas Journal   

Sep
26
2016

Production license sought for Galt prospect on Gaspe Peninsula

Junex Inc. has applied with Quebec’s government for a 20-sq-km production lease on its Galt oil prospect in eastern Quebec. The company’s application focuses on the central portion of the Galt structure, which was mapped from data in the company’s 37-sq-km 3D survey conducted in 2015. …read more Source: Oil Gas Journal   

Sep
26
2016

DONG terminates contract for Maersk Resolve jack up

DONG Energy has terminated its contract with Maersk Drilling AS for the Maersk Resolve jack up rig after it concluded work at Hejre field in the Danish North Sea. …read more Source: Oil Gas Journal   

Sep
26
2016

Santos group to prolong production from Oyong, Wortel fields

The group led by Santos Ltd. of Adelaide has agreed to perform the work needed to extend by at least 2 years the production lives of Oyong and Wortel oil and natural gas fields in the Sampang production-sharing contract area offshore Indonesia. …read more Source: Oil Gas Journal   

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