Private Malaysian oil and gas company Tamarind Management Sdn. Bhd. has completed its buyout of interest holders in Tui oil fields offshore New Zealand’s north island. Tamarind now has 100% ownership of the field. …read more Source: Oil Gas Journal
Colorado Atty. Gen. Cynthia H. Coffman (R) sued Boulder County over an oil and gas moratorium it has kept in place despite the state Supreme Court’s May 2016 ruling that such local bans are preempted if they conflict with the Colorado Oil & Gas Conservation Act. …read more Source: Oil Gas Journal
Oklahoma City independent Chesapeake Energy Corp. reported a budget with plans for total capital expenditures to range $1.9-2.5 billion, including capitalized interest, for 2017. This compares with $1.65-1.75 billion budgeted for 2016. …read more Source: Oil Gas Journal
Noble Energy Inc., Houston, has set its organic capital expenditures for 2017 at $2.3-2.6 billion, compared with $1.3 billion in 2016. …read more Source: Oil Gas Journal
The US Energy Information Administration projects crude oil production from seven major US onshore producing regions to climb 80,000 b/d month-over-month in March to 4.873 million b/d. …read more Source: Oil Gas Journal
ExxonMobil Corp.’s giant Liza discovery offshore Guyana will have an average production of 100,000 b/d of oil when it begins flowing in 2020 according to the company’s Country Manager Jeff Simons. It also expects to produce 165 MMscfd of natural gas that will be mainly used for reinjection into the wells. …read more Source: Oil […]
US rig deployment continued to pick up during the week ended Feb. 10 as Baker Hughes Inc.’s tally of active units recorded its fourth consecutive weekly double-digit increase. …read more Source: Oil Gas Journal
Norwegian oil and gas operator DNO ASA has accelerated drilling in the Kurdistan region of Iraq and Oman, citing 2016 operating profits and improved payments for exports from Tawke field in Kurdistan as the reason for stepping up investments. …read more Source: Oil Gas Journal
BHP Billiton Ltd. reported that its board has approved expenditure of $2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. …read more Source: Oil Gas Journal
EQT Production Co., a subsidiary of Pittsburgh-based EQT Corp., has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica, from Stone Energy Corp., Lafayette, La., for $527 million. …read more Source: Oil Gas Journal