Halliburton Appoints Lance Loeffler As New CFO
12 November 2018, 9:41pm
Halliburton Co. (NYSE: HAL) has appointed Lance Loeffler, previously vice president of investor relations, as CFO on Nov. 12. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. Chris Weber is leaving the company to pursue other opportunities.
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Eni, Cadogan exiting Ukraine shale gas group
12 November 2018, 6:56pm
Eni SPA is withdrawing its controlling interest from a group that holds five shale gas licenses in Ukraine, reports partner Cadogan Petroleum. Cadogan said Eni will pay it $1.715 million for a commitment not to exercise preemptive rights to the Italian company’s transfer of a 50.01% of Westgasinvest to state-owned Nadra Ukrayny, holder of 34.99% of the consortium.
Read more... (source: www.ogj.com)


BLM to offer 2.85 million acres in NPR-A
12 November 2018, 6:45pm
The US Bureau of Land Management will offer tracts totaling some 2.85 million acres within the National Petroleum Reserve-Alaska at a Dec. 12 lease sale in Anchorage, the US Department of the Interior agency’s Alaska State Office announced.
Read more... (source: www.ogj.com)


Jambaran-Tiung Biru drilling due next year
12 November 2018, 6:14pm
Drilling will start in next year’s second half at the Jambaran-Tiung Biru natural gas project in Bojonegoro Regency, East Java, Indonesia. Jamsaton Nababan, president director of Pertamina EP Cepu, the operator, said at a press briefing that drilling of two of six planned wells will begin in July, according to the Jakarta Post.
Read more... (source: www.ogj.com)


BP, Hess complete Aspy exploration well drilling
12 November 2018, 6:08pm
The BP Canada-operated Aspy exploration well, drilled 330 km offshore Nova Scotia, did not encounter commercial quantities of hydrocarbons, partner Hess Corp. reported. The Aspy D-11 was spud in April and drilled to a total depth of 7,400 m.
Read more... (source: www.ogj.com)


Total, ADNOC to launch unconventional gas exploration in Abu Dhabi
12 November 2018, 5:30pm
Total SA and Abu Dhabi National Oil Co. (ADNOC) will launch an unconventional gas exploration program in the Diyab play that covers more than 6,000 sq km west of the ADNOC Onshore concession in Abu Dhabi.
Read more... (source: www.ogj.com)


ADIPEC 2018: Innovative Technologies For Industry’s Toughest Challenges
12 November 2018, 5:15pm
The Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) is being held Nov. 12-15 in Abu Dhabi. ADIPEC is “a world-class business forum where oil and gas professionals convene to engage in dialogue, create partnerships, do business, and identify solutions and strategies that will shape the industry for the years ahead,” according to the conference website. The event features about 2,200 exhibiting companies, 980 expert speakers, 161 conference sessions and more than 110,000 attendees. The following is a sampling of some of the latest technologies that will be showcased at ADIPEC 2018. Editor’s note: The copy herein is contributed from service companies and does not reflect the opinions of Hart Energy.
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Total outlines investment decisions offshore Angola
12 November 2018, 5:11pm
Total SA executives announced investment decisions to develop satellite fields on Block 17 offshore Angola. The satellite field investments were announced during an inauguration ceremony for the Block 32 Kaomba project, which came on stream in July.
Read more... (source: www.ogj.com)


Petrobras Starts Oil Production From P-75 FPSO
12 November 2018, 3:51pm
Brazil’s Petrobras has begun oil production at its P-75 platform in the presalt area of the Santos Basin, the state-run oil company said Nov. 12. The FPSO, located in the Buzios 2 oil field, will be able to produce up to 150,000 barrels per day of oil and six million cubic meters of natural gas, the company’s statement said.
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VIDEO: Can decommissioning ever be agile?
12 November 2018, 3:25pm
On the North Sea alone hundreds of platforms and thousands of subsea wells need to be decommissioned. Not surprisingly operators and service providers preparing for this wave in decommissioning,... ...
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Oil Gains After Saudi Paves Way For Output Cut
12 November 2018, 2:37pm
Oil rose by more than 1% on Nov. 12, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day (MMbbl/d). Saudi Arabia, the world’s largest oil exporter, said on Nov. 11 it would cut its shipments by 500,000 bbl/d in December due to seasonal lower demand. Brent crude futures LCOc1 rose 80 cents on the day to $70.98/bbl by 1205 GMT, while U.S. crude futures rose 36 cents to $60.69/bbl.
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Spirit Energy granted drilling permit for Cassidy well
12 November 2018, 2:25pm
The NPD has granted Spirit Energy Norge a drilling permit for a well in the North Sea offshore Norway. ...
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Solstad Offshore wins new contract and extensions in Brazil
12 November 2018, 2:23pm
Norway’s Solstad Offshore has entered into a contract with QGEP for one of its construction support vessels. ...
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Woodmac: Digitalization Can Save Oil Upstream Business $73 Billion A Year
12 November 2018, 2:23pm
Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said on Nov. 12. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and to monitor and maintain offshore platforms and other complex assets, often in high-risk environments.
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Total, ADNOC To Launch Unconventional Gas Exploration In Abu Dhabi
12 November 2018, 2:06pm
Total (NYSE: TOT) and Abu Dhabi National Oil Co. (ADNOC) have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play, Total said on Nov. 12.
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TGS, AGS Collaborate On Ocean-bottom Node Projects In North Sea
12 November 2018, 1:56pm
TGS revealed a strategic collaboration with Axxis Geo Solutions (AGS) for multiclient ocean-bottom node projects in the North Sea, the company said on Nov. 12.
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OPEC: Oil supply and demand gap could widen in 2019
12 November 2018, 11:28am
The OPEC-Non-OPEC JMMC concluded during its eleventh meeting that the oil supply could rise higher than global requirements in 2019. ...
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KrisEnergy kicks off Thai drilling program with Montha well
12 November 2018, 10:48am
KrisEnergy has informed that the Mist jack-up rig has started drilling the Montha-1 exploration well in the G10/48 contract area in the Gulf of Thailand. ...
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Mubadala buys into another license off Egypt through Eni deal
12 November 2018, 10:35am
Italian oil company Eni has sold to UAE-based Mubadala Petroleum a 20% stake in the Nour North Sinai offshore concession in Egypt.  ...
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Cooper: Sole pipeline anomaly not expected to impact first gas date
12 November 2018, 8:44am
Cooper Energy has experienced issues with the newly-installed Sole pipeline off Australia, but does not expect this to affect the date of first gas production from the project.  ...
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BP’s well off Nova Scotia disappoints
12 November 2018, 8:24am
Canadian entity of the British oil major BP has not found commercial quantities of hydrocarbons in the Aspy well offshore Nova Scotia. ...
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GC Rieber Shipping makes three appointments to management team
12 November 2018, 8:15am
Norwegian shipping company GC Rieber Shipping has made three appointments to its management team, including the CEO, CFO, and CCO.  ...
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Angola: Total’s Kaombo offshore project officially inaugurated
12 November 2018, 8:12am
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total , Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos... ...
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OMV seals the deal to buy half of Sapura Upstream
12 November 2018, 7:56am
Malaysia's Sapura Energy and Austria's OMV have signed a share subscription agreement and a shareholders’ agreement to form a strategic partnership.  ...
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AKOFS to partner with IKM Subsea for Equinor contract
12 November 2018, 7:45am
AKOFS Offshore has selected IKM Subsea to be its ROV partner for a contract with Equinor.  ...
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Aker BP gets safety nod to drill North Sea well with Saipem rig
12 November 2018, 7:35am
Norway's Petroleum Safety Authority has given Aker BP consent to drill an exploration well offshore Norway using the Saipem-owned Scarabeo 8 drilling rig.  ...
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History of surprise tax hikes haunts UK offshore industry
12 November 2018, 7:34am
History crackles in oil and gas industry praise for a UK budget that does well by doing little. In a press statement, Oil & Gas UK Chief Executive Deirdre Michie welcomed Chancellor Phillip Hammond’s “commitment to fiscal stability.”
Read more... (source: www.ogj.com)


Equinor in another delay of Verbier appraisal well
12 November 2018, 7:28am
Equinor has once again pushed back the date for Verbier well drilling in the UK North Sea, changing it to the first quarter of 2019.  ...
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TGS, Axxis Geo Solutions in North Sea OBN seismic pact
12 November 2018, 7:23am
TGS announces a strategic collaboration with Axxis Geo Solutions (AGS) for multi-client ocean bottom node projects in the North Sea. ...
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Encana enters STACK-SCOOP with $7.7-billion Newfield deal
12 November 2018, 7:23am
Encana Corp., Calgary, has agreed to an all-stock transaction valued at $7.7 billion—including the assumption of $2.2 billion net debt—to combine with Newfield Exploration Co., The Woodlands, Tex., entering the oil-rich STACK-SCOOP in the Anadarko basin.
Read more... (source: www.ogj.com)


Chevron hits record quarterly production in third quarter
12 November 2018, 7:11am
Chevron Corp. reported third-quarter earnings of $4 billion compared with $2 billion earned in third-quarter 2017. Included in the current quarter were a write-off, an asset impairment, and a nonrecurring contractual settlement totaling $930 million in the upstream business, and a gain of $350 million on the sale of southern Africa refining, marketing, and lubricant assets.
Read more... (source: www.ogj.com)


ExxonMobil reports third-quarter earnings of $6.2 billion
12 November 2018, 7:09am
ExxonMobil Corp. reported estimated third-quarter earnings of $6.2 billion compared with $4 billion in the same quarter in 2017. Cash flow from operating activities of $11.1 billion was the highest since third-quarter 2014. Capital and exploration expenditures were $6.6 billion—$18.1 billion year-to-date—and up 10% from the prior year.
Read more... (source: www.ogj.com)


ROVOP grows with new Middle East base
12 November 2018, 7:05am
ROVOP, a provider of underwater remotely operated vehicles, has expanded in the Middle East with a new base in the region. ...
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Equinor hires Havila’s platform supplier
12 November 2018, 6:52am
Norwegian vessel owner Havila Shipping has entered into a charter contract with Equinor UK for one of its PSVs. ...
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UniSea to digitalize Tidewater operations
12 November 2018, 6:13am
UniSea has been selected by Tidewater as a partner in digitalizing and standardizing HSEQ and operations. ...
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Hart Energy Unconventional Activity Tracker
12 November 2018, 6:00am
Hart Energy's exclusive rig counts measure drilling intensity. Our counts exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. The result is our most accurate assessment of rigs on location working on oil or gas programs as of the sample date. While our process results in a rig tally that is lower than the published numbers from the non-proprietary rig-tracking agencies, Hart Energy believes our product presents the most accurate picture of what is actually occurring in the field.
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BizMDOSW: Offshore wind market ripe for U.S. tech surge (Interview)
12 November 2018, 5:12am
The United States has a lot to offer on the digitization of offshore wind, especially regarding artificial intelligence which can make the supply chain more efficient and potentially speed up the... ...
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ADNOC and Aramco Sign Gas Pact
12 November 2018, 12:00am
ADNOC signs a framework agreement with Saudi Aramco to explore potential opportunities for collaboration in the natural gas and LNG sectors.
Read more... (source: www.rigzone.com)


Less Appetite for Exploration Drilling
12 November 2018, 12:00am
There's less appetite for exploration drilling, according to Rystad Energy.
Read more... (source: www.rigzone.com)


Analysts Not Surprised by Move into Bear Territory
12 November 2018, 12:00am
Analysts at Cantor Fitzgerald Europe are not surprised by the move into bear territory.
Read more... (source: www.rigzone.com)


Saudis See Need for Producers to Cut 1MM Barrels
12 November 2018, 12:00am
Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.
Read more... (source: www.rigzone.com)


Oil Climbs After Record Run of Losses
12 November 2018, 12:00am
Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.
Read more... (source: www.rigzone.com)


EOG Join Oil's $1 Billion-a-Quarter Club
12 November 2018, 12:00am
The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.
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Digitalization Can Save Upstream Sector $75B Each Year
12 November 2018, 12:00am
A new study by Wood Mackenzie shows how the US Lower 48 has led the way in utilizing technology to transform their business.
Read more... (source: www.rigzone.com)


Maersk Drilling to Sell Jackup
12 November 2018, 12:00am
The company has entered into an agreement to sell the Maersk Giant to an Australian-based company.
Read more... (source: www.rigzone.com)


Unconventional Wells Getting Early Win from Predictive Analytics
12 November 2018, 12:00am
More than one-half of the world's top 100 largest oil and gas companies are now using digital tools to predict the future.
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Popular news, November 5 – 11, 2018
11 November 2018, 3:11pm
Offshore Energy Today's most popular news of the past week. ...
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U.S. offshore rig count climbs to 21
11 November 2018, 2:41pm
The number of offshore rigs in the U.S. climbed to 21 last week, according to a Friday report by Baker Hughes, a GE company. ...
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Hess Completes Drilling On Aspy Well Offshore Nova Scotia
9 November 2018, 8:11pm
Hess Corp. (NYSE: HES) said Nov. 9 that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 m (24,278 ft).
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Raymond Plank, Founder Of Apache Corp., Passes Away
9 November 2018, 7:32pm
Raymond Plank, the founder and former chairman of Apache Corp., passed away on Nov. 9 while at his beloved ranch, Ucross, outside Sheridan, Wyo. He was 96. An avid reader to the end, growth and learning were two words that cropped up again and again when we last talked with Plank in 2012, upon publication of his memoir, “A Small Difference.” He had a remarkable career that spanned more than 50 years.
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OGA: UKCS reserves could last another 20 years
9 November 2018, 7:12pm
The Oil & Gas Authority estimates the UK Continental Shelf’s proved and probable reserves as of Dec. 31, 2017, were 5.4 billion boe, which could sustain production for at least another 20 years or more based on current production rates. The report said 400 million boe were added to the categories of proved and probable reserves during 2017. About 600 million boe was produced, which equates to a reserve replacement ratio of 69%.
Read more... (source: www.ogj.com)


FAR’s Samo-1 well off Gambia comes up dry
9 November 2018, 7:05pm
Perth-based FAR Ltd.’s much-anticipated Samo-1 wildcat well drilled offshore Gambia has been plugged as a dry hole. FAR said the well had reached a total depth of 3,240 m, but interpretation of wireline logs suggested the main target horizons were water-bearing.
Read more... (source: www.ogj.com)


OMV Assesses Ice Risk For Arctic’s Wisting Development
9 November 2018, 6:53pm
HOUSTON—Austria-based OMV has already discovered more than an estimated 1 billion barrels of oil in place with up to about 500 million barrels of recoverable reserves at the Wisting Field, which lies far north in the Arctic’s Barents Sea. The operator, working with Schlumberger, has also proven that it can drill a shallow horizontal offshore well from a floating drilling facility, having landed out horizontally about 250 m beneath the seabed and extended about 1,400 m. But the biggest challenge for the development may still lie ahead for OMV and its partners: planning for and coping with sea ice and the unknown obstacles it could pose.
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Baker Hughes: US rig count jumps 14 units to 1,081
9 November 2018, 6:35pm
The US drilling rig count is up 14 units to 1,081 rigs working for the week ended Nov. 9, according to Baker Hughes data. The count is up 174 units from the 907 rigs working this time a year ago. At 1,057 rigs working, 11 more units were drilling on land week-over-week. Offshore units were up 3 to 21 rigs working, while those drilling in inland waters remained unchanged at 3 rigs working for the week.
Read more... (source: www.ogj.com)


US Oil Rig Count Grows By 12
9 November 2018, 6:32pm
U.S. energy firms added oil rigs for a fourth time in the last five, keeping the rig count at its highest in over three years even though crude futures were on track to fall for a fifth week in a row to their lowest level since February. Drillers added 12 oil rigs in the week to Nov. 9, bringing the total count to 886, the highest level since March 2015, General Electric Co.’s Baker Hughes (NYSE: BHGE) energy services firm said in its closely followed report on Nov. 9.
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Accelerating Hydrocarbon Discovery In New Zealand’s Offshore Frontier
9 November 2018, 3:00pm
The commitment to use advanced technology, seismic data and geophysical expertise was the backbone of a recent acquisition, processing and interpretation of a large multiclient program in the underexplored Pegasus Basin offshore New Zealand. Between 2014 and 2016 WesternGeco conducted 2-D and 3-D seismic programs across the East Coast of the North Island and into the basin, adding to one of the largest in the industry’s multiclient libraries.
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Maersk Drilling sells Maersk Giant jack-up rig to Australasian company
9 November 2018, 2:36pm
Danish offshore driller Maersk Drilling has said it has entered into an agreement to sell the jack-up rig Mærsk Giant to an Australasian-based independent O&G operator.  ...
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Topaz Signs Long-Term Agreement With Reach Subsea
9 November 2018, 2:32pm
Topaz Energy and Marine has signed a long-term agreement with Reach Subsea on Nov. 8 under which Reach will charter the newbuild subsea vessel, Topaz Tiamat. Topaz ordered this vessel in 2015 as part of an ongoing fleet renewal and reinvestment strategy.
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OMV Forms Joint Venture With Sapura Energy
9 November 2018, 2:32pm
Austria’s OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd, paying $540 million for a 50% stake in its exploration assets in line with its strategy to expand in Southeast Asia. Sapura Energy will transfer $350 million of its debt into the new firm, called SEB Upstream Sdn Bhd (SUP), of which OMV has agreed to refinance half, an OMV spokesman said. OMV also agreed to pay up to an extra $85 million, dependent on whether exploration in Mexico is successful and on oil prices, the OMV spokesman said, adding that there was no time frame for the payment.
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Prosafe bids farewell to Safe Astoria accommodation rig
9 November 2018, 1:37pm
World's largest offshore accommodation company Prosafe has bid a farewell to one of its older flotels - the Safe Astoria. ...
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Maersk rig riddled with non-conformities after long lay-up period
9 November 2018, 10:26am
Norway's Petroleum Safety Authority has conducted an audit of the Maersk Drilling-owned Maersk Reacher jack-up rig and found a number of non-conformities and improvement points.  ...
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Keppel to upgrade production barge for KrisEnergy’s Cambodia oil project
9 November 2018, 9:55am
Singapore's Keppel has clinched a contract for the modification and upgrading of a production barge for SJ Production Barge Ltd, a wholly-owned subsidiary of oil and gas company, KrisEnergy. ...
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Frigstad Offshore in jack-up rig deal with Japan’s BOTL
9 November 2018, 9:01am
Frigstad Offshore has been hired by Japan’s BOTL as owner’s representative for a newbuild jack-up. ...
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Tailwind closes North Sea deal with EOG
9 November 2018, 8:35am
UK oil and gas company Tailwind Energy has completed the acquisition of EOG’s UK business.  ...
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WorleyParsons confirms Edvard Grieg modification project win
9 November 2018, 7:59am
Rosenberg WorleyParsons has confirmed the award of an engineering, procurement, construction and installation contract by Lundin in Norway. ...
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Near fatal near-miss incident at Exxon-run rig off Nova Scotia
9 November 2018, 7:29am
The incident happened aboard the Noble Regina Allen rig which Exxon has been using for P&A work. ...
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Gambia’s first offshore well in 40 years turns out to be duster
9 November 2018, 7:27am
FAR Limited has failed to reach main targets at the first well to be drilled offshore The Gambia in 40 years, deeming the well unsuccessful.  ...
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Welcome to a Renter's World
9 November 2018, 12:00am
One trend that emerged from the latest downturn this looks set to last: the traditional customer's conversion to a leasing model.
Read more... (source: www.rigzone.com)


Keystone XL Pipeline Project Blocked
9 November 2018, 12:00am
TransCanada Corp.'s long-delayed Keystone XL pipeline project was blocked by a Montana federal judge pending further environmental review.
Read more... (source: www.rigzone.com)


Sub-Saharan Africa Capex Could Hit $24B in 2019
9 November 2018, 12:00am
CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.
Read more... (source: www.rigzone.com)


Trump Admin-approved Iran Oil Buyers Line Up
9 November 2018, 12:00am
Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic's top customers are preparing to buy.
Read more... (source: www.rigzone.com)


Oasis Petroleum Sells Assets to Oasis Midstream
9 November 2018, 12:00am
Oasis Midstream Partners LP is buying assets from Oasis Petroleum Inc. for $250 million.
Read more... (source: www.rigzone.com)


WTI Drops Below $60
9 November 2018, 12:00am
Crude oil futures declined again Friday, but the key natural gas benchmark got a late-week boost from a Canadian cold blast.
Read more... (source: www.rigzone.com)


US Adds 12 Oil Rigs This Week
9 November 2018, 12:00am
The United States has added rigs four out of the last five weeks.
Read more... (source: www.rigzone.com)


Keystone XL Ruling Could Just Be Symbolic
9 November 2018, 12:00am
A Montana federal judge Thursday found that the 2014 environmental assessment by the Obama administration fell short.
Read more... (source: www.rigzone.com)


Crudes from Rockies and Bakken May Get New Routes to Texas Coast
9 November 2018, 12:00am
The Liberty and Red Oak pipelines could begin service by the end of 2020.
Read more... (source: www.rigzone.com)


Time Has Come for OPEC to Start Worrying
9 November 2018, 12:00am
The time has come for OPEC to start worrying, according to the founder of Vanda Insights.
Read more... (source: www.rigzone.com)


Major Tanker Port Restarts After Vessel Collision
9 November 2018, 12:00am
The Sture terminal and the Kollsnes plant resumed operations Thursday afternoon.
Read more... (source: www.rigzone.com)


MARKET WATCH: NYMEX crude settles below $62/bbl on higher inventory
8 November 2018, 3:38pm
Rising US oil inventories caused light, sweet crude prices to drop modestly on the New York market, settling below $62/bbl on Nov. 7. Brent crude oil prices in London fell slightly to hold above $72/bbl on Nov. 7.
Read more... (source: www.ogj.com)


Electricity residential retail choice participation has declined since 2014 peak
8 November 2018, 1:00pm
In states with residential retail choice programs, customers can elect to purchase their electricity directly from their choice of energy suppliers, with the electricity delivered to them by their local utility. The number of customers participating in retail choice programs peaked at 17.2 million customers (13% of total residential customers) in 2014 and has since declined, reaching 16.2 million customers (12% of the national total) in 2016 and 16.7 million customers (13% of the national total) in 2017.
Read more... (source: www.eia.gov)


Five areas draw bids in Newfoundland and Labrador license round
7 November 2018, 8:11pm
The Canada-Newfoundland and Labrador Offshore Petroleum Board received high bids totaling nearly $1.4 billion (Can.) for exploration licenses covering four areas in the Eastern Newfoundland Region and one area in the Jeanne d’Arc Region in a round of scheduled bidding that ended Nov. 7.
Read more... (source: www.ogj.com)


EIA forecasts higher US crude oil production, lower prices
7 November 2018, 5:50pm
US crude oil production reached 11.3 million b/d in August and was 290,000 b/d higher than expected, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. This higher level of production raised the baseline for EIA’s forecast for 2019 crude oil production, and EIA now expects US crude oil production to average 12.1 million b/d in 2019 compared with a forecast of 11.8 million b/d in the October STEO.
Read more... (source: www.ogj.com)


Baker Hughes: International rig count up 13 units in October
7 November 2018, 5:22pm
The international rig count for October was 1,017, up 13 from the 1,004 counted in September and up 66 from the 951 counted a year ago, according to Baker Hughes data. The international offshore rig count for October was 207, up 3 from the 204 counted in September and up 3 from the 204 counted in October 2017.
Read more... (source: www.ogj.com)


Imperial to develop Aspen SA-SAGD project
7 November 2018, 5:15pm
Imperial Oil Ltd. expects production to begin in 2020 from its Aspen oil sands development 45 km northeast of Fort McMurray, Alta., where it will use thermal recovery with water consumption and greenhouse-gas emissions as much as 25% lower than those of standard steam-assisted methods.
Read more... (source: www.ogj.com)


Colorado voters defeat proposition to increase well setbacks
7 November 2018, 3:46pm
Colorado voters on Nov. 6 defeated Proposition 112, which would have increased oil and gas well setbacks from homes and businesses. The proposition would have required most new oil and gas wells be at least 2,500 ft from homes and other occupied buildings statewide except for federal land in Colorado.
Read more... (source: www.ogj.com)


MARKET WATCH: Crude oil prices fall on growing US supply forecasts
7 November 2018, 3:41pm
Crude oil benchmarks fell in Nov. 6 trading on markets in New York and London, which analysts attributed to traders and investors acknowledging upside supply risks given that US oil production has been rising and is expected to continue doing so. The American Petroleum Institute on Nov. 6 reported US oil supplies rose 7.8 million bbl for the week ended Nov. 2.
Read more... (source: www.ogj.com)


Space heating and water heating account for nearly two thirds of U.S. home energy use
7 November 2018, 1:00pm
Space heating and water heating were the top two energy-consuming uses in U.S. homes in 2015, according to EIA’s latest Residential Energy Consumption Survey (RECS). Space heating consumption can vary considerably by climate and building characteristics, while variation in water heating consumption is driven primarily by the number of occupants in a home. Households use a variety of fuels for space heating and water heating, which affects these end-use shares of household energy expenditures.
Read more... (source: www.eia.gov)


Lukoil, Eni to share three Mexican blocks
6 November 2018, 6:50pm
Lukoil and Eni have agreed to become partners in three shallow-water production-sharing blocks in Mexico through farmouts. Lukoil will transfer a 40% stake in Block 12 to Eni, retaining 60% and remaining operator.
Read more... (source: www.ogj.com)


Winter begins with higher U.S. heating oil and propane prices
6 November 2018, 1:00pm
U.S. residential heating oil and propane prices at the start of the 2018–2019 winter heating season were 23% and 4% higher, respectively, than at the start of the last heating season. During the winter months (October–March), EIA conducts weekly surveys of residential heating oil and propane prices for many states through the State Heating Oil and Propane Program (SHOPP).
Read more... (source: www.eia.gov)


DOI: Fiscal 2018 payments to states, tribes rose 26% from 2017
5 November 2018, 9:18pm
The US Department of the Interior’s Office of Natural Resources Revenue distributed $8.93 billion in revenue and royalties from energy produced on federal managed public and Indian tribal land to states, tribes and three special funds, 26% more than the $7.11 billon it distributed in fiscal 2017, Interior Sec. Ryan Zinke said.
Read more... (source: www.ogj.com)


Israel launches Eastern Mediterranean bid round
5 November 2018, 6:20pm
Israel has launched its previously announced bid round to grant offshore exploration licenses for natural gas and oil in the Eastern Mediterranean. The round follows an earlier one that began 2 years ago and granted six licenses. Bids for the new round are to be submitted by June 2019 with announcement of the winners scheduled for July 2019.
Read more... (source: www.ogj.com)


ADNOC plans oil-production capacity hike
5 November 2018, 5:38pm
Abu Dhabi targets self-sufficiency in natural gas and expansion of oil-production capacity to 5 million b/d by 2030 under an expanded budget approved Nov. 4 by the Supreme Petroleum Council (SPC). Announcing capital investment growth of $132.33 billion during 2019-23, the SPC reported recent indicated discoveries of 1 tcf of natural gas in place and 1 billion bbl of oil in place.
Read more... (source: www.ogj.com)


Midwest propane inventories enter winter higher than previous five-year average
5 November 2018, 1:00pm
Propane inventories in the Midwest United States had been lower than the previous five-year average for much of 2018, but in recent weeks, net additions to inventories increased Midwest propane to levels higher than the previous five-year average. For the week ending October 19, propane inventories in the Midwest, or Petroleum Administration for Defense District (PADD) 2, were 27.8 million barrels, or 792,000 barrels higher than the previous five-year average.
Read more... (source: www.eia.gov)


Gasbol pipeline contract talks focus on pre-salt, regional integration
5 November 2018, 7:45am
Uncertainty regarding the volume of natural gas that can be commercialized from Brazil’s pre-salt has combined with other factors to complicate negotiations on renewing the 20-year contract between Bolivia and Brazil for supplies shipped through the Bolivia-Brazil (Gasbol) pipeline.
Read more... (source: www.ogj.com)


North American propane market adapts to supply surge
5 November 2018, 7:39am
Rail shipment of propane into new and seasonal markets will continue to be an investment opportunity in the US and elsewhere in North America. Flat domestic demand and limited demand growth, however, mean that exports to international markets provide the only floor for prices, essential to ensuring continued production. While weather may still lead to seasonal price volatility, export outlets will also reduce price volatility on an annual basis.
Read more... (source: www.ogj.com)


Exploration in Egypt, Ecuador, Russia, and Mongolia pushes boundaries
5 November 2018, 7:35am
Oil and gas companies are exploring in disparate parts of the world to add more reserves to fulfill growing world energy demand. Egypt intensified oil and gas exploration efforts in the Mediterranean and Red Sea while Ecuador recently opened more onshore blocks to international investors.
Read more... (source: www.ogj.com)


Denbury to acquire Penn Virginia in $1.7-billion deal
5 November 2018, 7:18am
Denbury Resources Inc., Plano, Tex., reported it would acquire and merge with Penn Virginia Corp. in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil window of the Eagle Ford shale.
Read more... (source: www.ogj.com)


Researchers improve China’s Sulige Su-A gas production
5 November 2018, 6:38am
Researchers improved and stabilized production for 75 vertical wells on Su-A block of China’s Sulige tight sandstone gas field. They implemented measures that could guide the development of ultralow permeability gas reservoirs elsewhere.
Read more... (source: www.ogj.com)


Petrobras, CNPC advance partnership on Comperj refinery, Marlim field
5 November 2018, 6:00am
Petroleo Brasileiro SA (Petrobras) and China National Petroleum Corp. (CNPC) subsidiary China National Oil & Gas Exploration & Development Co. have signed an integrated project business model agreement to advance a previously announced plan with CNPC subsidiary China National Petroleum Corp. International for formation of a strategic partnership to complete the 150,000-b/d Comperj refining complex in Itaborai, Rio de Janeiro state.
Read more... (source: www.ogj.com)


Asserting conclusions
5 November 2018, 6:00am
Climate activism discredits itself by relying on multiple variations of contorted logic. Its standard argument leapfrogs facts about present conditions, asserts worst-case conclusions, and proclaims the need for immediate remedies of intolerable cost.
Read more... (source: www.ogj.com)


Baker Hughes: US rig count down 1 unit to 1,067
2 November 2018, 5:37pm
The US drilling rig count is down 1 unit to 1,067 rigs working for the week ended Nov. 2, according to Baker Hughes data. The count is up 169 units from the 898 rigs working this time a year ago.
Read more... (source: www.ogj.com)


BLM’s state offices prepare to hold fourth-quarter lease sales
2 November 2018, 4:37pm
US Bureau of Land Management state offices are in the final stages of preparing for upcoming fourth-quarter oil and gas lease sales. The US Department of the Interior agency now conducts lease sales online at www.energynet.com.
Read more... (source: www.ogj.com)


Consolidated Edison gets approval for natural gas demand response pilot program
2 November 2018, 1:00pm
In August 2018, the New York Public Service Commission approved a petition by Consolidated Edison Company of New York, Inc. (Con Edison) for a $5 million, three-year natural gas demand response pilot program, one of the first demand response projects for natural gas.
Read more... (source: www.eia.gov)


Australia awards offshore exploration permits
1 November 2018, 5:24pm
The Australian government has awarded seven new offshore exploration permits with Shell Australia being the major beneficiary. Shell was awarded two permits in the Browse basin and one in the Timor Sea. Other awards went to BP Australia with a permit on the Exmouth Plateau, while Japan’s Inpex Corp. secured a permit in the Canning basin south of its Ichthys field development. Perth-based Carnarvon Petroleum Ltd. was awarded a permit in the Timor Sea and Adelaide company Cooper Energy Ltd. won a permit in the Gippsland basin of Victoria.
Read more... (source: www.ogj.com)


Santos moves to Stage 3 of Amadeus basin farm-in
31 October 2018, 4:44pm
Santos Ltd., Adelaide, has completed the acquisition of 1,337 km of seismic data in Amadeus basin permits EP82, EP112, and EP125 in the Northern Territory as part of Stage 2 of its farm-in to the acreage held by Central Petroleum Ltd., Brisbane.
Read more... (source: www.ogj.com)


FERC’s Energy Projects Office issues draft HDD plan guidance
31 October 2018, 4:14pm
The US Federal Energy Regulatory Commission’s Energy Projects Office (EPO) has issued a draft guidance called Guidance for Horizontal Directional Drill (HDD) Monitoring, Inadvertent Return Response, and Contingency Plans. The guidance is intended to help industry professionals improve the quality and consistency of their HDD plans and, as a result, make FERC’s environmental review more efficient and effective, EPO said.
Read more... (source: www.ogj.com)


Faroe granted drilling permit in Norwegian Sea
31 October 2018, 3:57pm
Faroe Petroleum Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 31/7-3 S in production license 740 in the Norwegian Sea. The well will be drilled about 10 km south of Brage field using Transocean Ltd.’s Transocean Arctic semisubmersible drilling rig after it concludes drilling wildcat well 30/6-30 for Faroe Petroleum in PL 825.
Read more... (source: www.ogj.com)


Operators let rig contracts, extensions to Rowan
30 October 2018, 8:32pm
Fieldwood Energy LLC has let a 1-year contract to Rowan Cos. PLC for use of its Rowan Reliance, an R-Class ultradeepwater drillship, in the US Gulf of Mexico. The contract, which includes three 90-day options, is expected to begin in first-quarter 2019. Rowan Reliance is currently warm-stacked offshore Louisiana in the gulf.
Read more... (source: www.ogj.com)


S&P: Colorado Prop 112 a credit negative for oil firms
30 October 2018, 5:40pm
Proposition 112 on the Colorado state ballot seeks to extend well setbacks from surrounding structures to a distance that would render 85% of the state unusable for oil and gas drilling, S&P Global Ratings said. Prop 112 is a voter initiative that would require most new oil and gas development in Colorado to be at least 2,500 ft away from homes, schools, buildings, and other structures.
Read more... (source: www.ogj.com)


TPAO reported ready to drill offshore well
30 October 2018, 5:31pm
Turkish Petroleum AO (TPAO) is preparing to spud a long-planned well off Turkey’s southern coast, according to press reports. The Daily Sabah newspaper of Turkey said the Fatih drillship will drill the Alanya-1 well in deep water offshore the city of Antalya.
Read more... (source: www.ogj.com)


MARKET WATCH: Crude oil falls on US dollar rise, higher rig count
30 October 2018, 5:22pm
Crude oil for December delivery fell 55¢ on the New York market Oct. 29 to settle just above $67/bbl while Brent crude oil for December fell 28¢ to hold above $77/bbl in London. Analysts attributed the price drops to a strengthening US dollar and a weekly rig count report that showed US oil drillers added active rigs, an indication of future oil production.
Read more... (source: www.ogj.com)


PDO lets contract for solar IPP project
30 October 2018, 4:43pm
Petroleum Development Oman is expanding its involvement in solar energy. The state-owned company let a contract to a consortium led by Marubeni Corp. for a 100-Mw independent power producer project that will supply its power needs.
Read more... (source: www.ogj.com)


RAK Gas unit to explore in Zanzibar
30 October 2018, 3:56pm
Zanzibar, a semiautonomous region of Tanzania, will accommodate its first oil and gas exploration under a production sharing agreement with a unit of state-owned RAK Gas LLC, Ras Al Khaimah.
Read more... (source: www.ogj.com)


EPA: US reports GHG emissions in 2017 down 2.7% from 2016
29 October 2018, 6:28pm
US reported greenhouse gas emissions totaled 2,898 million tonnes of carbon dioxide equivalent, 2.7% less than in 2016, the US Environmental Protection Agency reported on Oct. 17.
Read more... (source: www.ogj.com)


US Tenth District energy activity accelerated in 3Q
29 October 2018, 6:23pm
The Federal Reserve Bank of Kansas City’s third-quarter energy survey revealed accelerated growth in energy activity in the Tenth District, while expectations for future activity remained high.
Read more... (source: www.ogj.com)


WoodMac: Upstream investment needs to rise 20% to meet future demand growth
29 October 2018, 6:20pm
Spending on worldwide oil and gas developments needs to increase by about 20% to meet future demand growth and ensure companies sustain production over the next decade, according to recent research from Wood Mackenzie.
Read more... (source: www.ogj.com)


Eni signs agreement for stake in North Berkine basin concessions
29 October 2018, 5:43pm
Executives of Italy’s Eni SPA and Algeria’s Sonatrach signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin in the Algerian desert. The agreement will cover three areas: Sif Fatima II, Zemlet El Arbi, and Ourhoud II. Sonatrach will retain a 51% stake.
Read more... (source: www.ogj.com)


Eni, Total partner with Sonatrach for exploration off Algeria
29 October 2018, 5:29pm
Executives of Italy’s Eni SPA, France’ Total SA, and Algeria’s Sonatrach have signed two agreements that include an exclusive partnership for exploration offshore Algeria in a virtually unexplored geological province. Eni and Total also will pursue obtaining exploration permits that will allow for the completion of the hydrocarbon potential assessment, the companies said.
Read more... (source: www.ogj.com)


Equinor considers tie-in following Skruis oil discovery
29 October 2018, 4:18pm
Equinor ASA and its partners are considering a tie-in of the Skruis (7220/5-3) exploration well drilled in production license 532 in the Barents Sea to Johan Castberg oil field following confirmation of 12-25 million bbl of recoverable oil.
Read more... (source: www.ogj.com)


Denbury to acquire Penn Virginia in $1.7-billion deal
29 October 2018, 3:44pm
Denbury Resources reported it would acquire and merge with Penn Virginia in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil window of the Eagle Ford shale. The combine would hold an industry-leading oil weighting with 94% liquids production and 90% oil production; 343 million boe of proved oil, NGLs, and natural gas reserves as of Dec. 31, 2017; second-quarter production of 84,000 boe/d; and an estimated $6 billion enterprise value as of Oct. 26.
Read more... (source: www.ogj.com)


New Zealand Oil & Gas farms in to Ironbark prospect
29 October 2018, 3:29pm
New Zealand Oil & Gas Ltd. (NZOG), Wellington, reached a conditional agreement to farm into the Western Australian North West Shelf permit WA-359-P that contains the large, undrilled Ironbark prospect. The permit is held by Cue Energy Resources Ltd., which is a 50.01%-owned subsidiary of NZOG.
Read more... (source: www.ogj.com)


Vedanta receives Rajasthan PSC extension
29 October 2018, 3:11pm
Vedanta Ltd. unit Cairn Oil & Gas has received its court-directed extension of the production-sharing contract covering oil and gas production in Rajasthan, India. The Ministry of Petroleum and Natural Gas of India extended the PSC for the RJ-ON-90/1 block by 10 years from May 15, 2020, the day after the scheduled expiration.
Read more... (source: www.ogj.com)


OGJ Newsletter
29 October 2018, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


Baker Hughes: US rig count up 1 unit to 1,068
26 October 2018, 5:24pm
The US drilling rig count was up 1 unit to 1,068 rigs working for the week ended Oct. 26, according to Baker Hughes data. The count is up 159 units from the 909 rigs working this time a year ago.
Read more... (source: www.ogj.com)


Production restarted from Erskine field
26 October 2018, 4:46pm
Production from Erskine gas and condensate field in the UK North Sea has been restarted, reported project partner Serica Energy PLC. Formation of gas hydrates had delayed the restart of the field, where production was suspended on Jan. 16 because of a blocked condensate pipeline.
Read more... (source: www.ogj.com)


Cairn-led group submits SNE field development plan
26 October 2018, 4:17pm
The Edinburgh-based Cairn Energy PLC-led joint venture offshore Senegal has submitted its development and exploitation plan for the SNE oil and gas field to the Senegalese government, targeting the start of oil production in 2022 and the start of gas production in 2024.
Read more... (source: www.ogj.com)


MARKET WATCH: NYMEX crude oil prices rise on stabilizing US stock market
26 October 2018, 3:12pm
Light, sweet crude oil prices gained modestly to settle above $67/bbl on the New York market Oct. 25 while Brent crude oil prices also rose to close above $76.80/bbl. Upward momentum in oil prices followed stabilizing equity markets. US stock markets experienced another selloff Oct. 24. The Dow industrials dropped more than 600 points. But US stocks recovered much of those losses Oct. 25.
Read more... (source: www.ogj.com)


BOEM approves Liberty project off Alaska
25 October 2018, 5:22pm
Hilcorp Alaska LLC has received conditional development and production approval from the US Bureau of Ocean Energy Management for the Liberty oil and natural gas project offshore Alaska. If the company proceeds, the production facility would be the first in federal water off Alaska.
Read more... (source: www.ogj.com)


Woodside’s Greater Western Flank Phase 2 comes on stream
25 October 2018, 4:35pm
The Woodside Petroleum Ltd.-led North West Shelf Project joint venture has started gas production from its Greater Western Flank Phase 2 project off Western Australia. Woodside’s Chief Executive Officer Peter Coleman said GWF-2 had been delivered $630 million (Aus.) below the initial estimate of $2 billion and 6 months ahead of schedule.
Read more... (source: www.ogj.com)


Triangle buys interest in permit containing Xanadu discovery
25 October 2018, 4:17pm
Triangle Energy Ltd. has acquired from Whitebark Energy Ltd. Whitebark’s 15% interest in offshore north Perth basin permit TP/15, which contains the Xanadu-1 oil discovery. The sale brings Triangle’s interest in the Xanadu permit up to 45%. Both companies are based in Perth.
Read more... (source: www.ogj.com)


TransGlobe receives South Alamein access approval
24 October 2018, 7:58pm
TransGlobe Energy Corp. has spudded its second South Ghazalat exploration well, SGZ 6X, in Egypt’s Western Desert, the company said. SGZ 6X is on the eastern portion of the concession offsetting Rami oil field in the Abu Gharadig basin. The well targets stacked Cretaceous oil targets similar to those of producing Rami and Southwest Rami fields.
Read more... (source: www.ogj.com)


Production under way at Lula Extreme South in Santos basin
24 October 2018, 5:21pm
New, deepwater production has started from the Lula Extreme South in Brazil’s Santos basin from Petroleo Brasileiro SA’s (Petrobras) P-69 floating production, storage, and offloading vessel, said Shell Brasil Petroleo Ltda.
Read more... (source: www.ogj.com)


WoodMac: Upstream investment needs to rise 20% to meet future demand growth
24 October 2018, 4:45pm
Spending on worldwide oil and gas developments needs to increase by about 20% to meet future demand growth and ensure companies sustain production over the next decade, according to recent research from Wood Mackenzie. “Companies will need to start investing again to sustain their business. But decision-making will be fraught with uncertainties, the oil price and energy transition not least among them,” said Malcolm Dickson, director, upstream oil and gas.
Read more... (source: www.ogj.com)


Finlaggan development receives UK approval
23 October 2018, 4:55pm
Zennor Petroleum Ltd. has received approval from the UK Oil & Gas Authority for its two-well development of Finlaggan gas and condensate field in the Central UK North Sea.
Read more... (source: www.ogj.com)


FAR spuds Samo-1 wildcat offshore Gambia
23 October 2018, 3:31pm
FAR Ltd. reported the spudding of its much-anticipated Samo-1 wildcat well on Block A2 offshore Gambia. It is the first well to be drilled in the country’s offshore region for 40 years. The well is being drilled by Stena Drilling’s Stena Drillmax harsh-environment dynamically positioned DP Class 3 drillship in 1,000 m of water and has a planned total depth of 3,100 m on the crest of the Samo structure.
Read more... (source: www.ogj.com)


Greater Buchan licensing round planned
23 October 2018, 3:06pm
The UK Oil & Gas Authority (OGA) plans a supplementary licensing round in the first quarter of 2019 for the Greater Buchan Area in the Outer Moray Firth offshore Scotland.
Read more... (source: www.ogj.com)


ExxonMobil lets subsea contract for Liza Phase 2
23 October 2018, 2:44pm
ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. has let a contract to TechnipFMC for the engineering of the subsea system for the proposed Liza Phase 2 project on the Stabroek block offshore Guyana.
Read more... (source: www.ogj.com)


BP’s Dudley calls fossil fuel divestment movement counterproductive
22 October 2018, 8:21pm
BP PLC Chief Executive Officer Bob Dudley strongly criticized oil and gas critics’ calls for investors to sell their holdings in fossil fuel companies and invest in renewable alternatives instead.
Read more... (source: www.ogj.com)


EIA lifts US crude oil production forecast for 2019
22 October 2018, 8:18pm
In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO.
Read more... (source: www.ogj.com)


Imperial restarts Norman Wells production, Line 21 transport
22 October 2018, 7:51pm
Imperial Oil Ltd. has restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge Inc.’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. The company expects production to ramp up in the months ahead to about 10,000 b/d, consistent with rates prior to the shutdown.
Read more... (source: www.ogj.com)


Gazprom advancing East Siberian gas field
22 October 2018, 6:22pm
Gazprom plans to start drilling production wells next year in Kovyktinskoye natural gas and condensate field in the Irkutsk Region of East Siberia. The state-owned company expects the field to start production in 2022 into the Power of Siberia gas pipeline, which will carry gas to Russia’s Far East and China.
Read more... (source: www.ogj.com)


BP granted approval for Alligin development
22 October 2018, 6:14pm
BP expects production to begin in 2020 from Alligin oil field in the North Sea, for which it has received development approval from the UK Oil & Gas Authority. Alligin is a 20 million-bbl recoverable oil field in the Greater Schiehallion area about 140 km west of Shetland in 475 m of water. It is expected to produce 12,000 boe/d (gross) at peak from two wells tied back to the existing Schiehallion and Loyal subsea infrastructure using processing and export facilities of the Glen Lyon FPSO.
Read more... (source: www.ogj.com)


Petronas buys stake in Khazzan field in Oman
22 October 2018, 5:40pm
Malaysia’s state-held Petronas has acquired a 10% stake in BP PLC-operated Khazzan field in the Oman Desert 350 km south of Muscat. Petronas unit PC Oman Ventures will acquire the share in Block 61. BP currently holds 60% interest in the Khazzan project, which encompasses Khazzan and Makarem tight gas fields. State-owned Oman Oil Co. Exploration & Production holds 40%.
Read more... (source: www.ogj.com)


Equinor lets contract for jack up rig in Norwegian North Sea
22 October 2018, 5:25pm
Equinor ASA has let a two-well contract with five options for single-well drilling to Rowan Cos. PLC for its Rowan Stavanger N-Class ultra-harsh environment jack up rig for use in Gudrun field in the Norwegian North Sea. In addition, Equinor and Rowan have signed a framework agreement based on terms that will also apply to future rig contracts with the company.
Read more... (source: www.ogj.com)


MARKET WATCH: Brent crude, WTI end week in decline
22 October 2018, 4:11pm
Brent crude oil for December remained under $80/bbl on the London market Oct. 19 while light, sweet oil for November and December delivery settled over $69/bbl in New York. All were up slightly Oct. 19 as China showed signs of increased demand, but Brent crude ended the week with a 0.3% decline and West Texas Intermediate was down almost 3% for the week.
Read more... (source: www.ogj.com)


OGJ Newsletter
22 October 2018, 5:00am
International news for oil and gas professionals
Read more... (source: www.ogj.com)


Baker Hughes: US rig count up 4 units to 1,067
19 October 2018, 5:56pm
The US drilling rig count was up 4 units to 1,067 rigs working for the week ended Oct. 19, according to Baker Hughes data. The count is up 154 units from the 913 rigs working this time a year ago.
Read more... (source: www.ogj.com)


Aker BP continues delineation of Gekko discovery in North Sea
19 October 2018, 5:01pm
Aker BP, operator of production license 203, and its partners are considering tie-back of its Gekko oil and gas discovery well (25/4-3) in the North Sea to the Alvheim floating production, storage, and offloading vessel after drilling two appraisal wells about 5 km east of Volund field and 200 km northwest of Stavanger.
Read more... (source: www.ogj.com)


US regulators approve more development in NPR-A
19 October 2018, 4:31pm
US government regulators approved ConocoPhillips Alaska Inc.’s plan for development of its Greater Mooses Tooth 2 (GMT2) project in the National Petroleum Reserve-Alaska. The approval came less than 2 weeks after oil production started from Greater Mooses Tooth 1 (GMT1).
Read more... (source: www.ogj.com)


Interior reports $2.5 billion in regulatory relief from reforms
19 October 2018, 4:06pm
Reforms in response to US President Donald Trump’s Executive Order 13771 have resulted in $2.5 billion of regulatory relief for oil and gas producers during the fiscal year 2018, the Department of the Interior indicated on Oct. 17. “The Trump Administration is doing exactly what was promised and making smart decisions to reform and reduce the regulatory burden on the American people and economy, and it’s producing big results,” Sec. Ryan Zinke said.
Read more... (source: www.ogj.com)


PGNiG to acquire Tommeliten interests from Equinor
18 October 2018, 5:46pm
PGNiG will acquire non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf in the greater Ekofisk area from Equinor for $220 million. Equinor will divest its 42.38% interest in the Tommeliten Unit (PL 044 TA) and 30% interest in PL 044. Both are operated by ConocoPhillips.
Read more... (source: www.ogj.com)


BP starts production from Thunder Horse Northwest expansion project
18 October 2018, 5:34pm
BP PLC has started production from the Thunder Horse Northwest expansion project in the deepwater Gulf of Mexico, boosting production at the Thunder Horse facility by an estimated 30,000 boe/d at its peak and taking gross output from the oil field to more than 200,000 boe/d.
Read more... (source: www.ogj.com)


Talos, Hokchi to cross-assign interests in two blocks off Mexico
18 October 2018, 5:23pm
Talos Energy Inc., Houston, entered into a transaction with Hokchi Energy SA de CV, a subsidiary of Pan American Energy LLC, to cross-assign its participating interest (PI) in Block 2 and Hokchi’s PI in Block 31. Both blocks are in the Sureste basin offshore Mexico.
Read more... (source: www.ogj.com)


Wintershall granted drilling permit in the Norwegian Sea
17 October 2018, 4:11pm
Wintershall Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 6706/6-2 S in the Norwegian Sea. The well will be drilled using Transocean Ltd.’s Transocean Spitsbergen ultradeepwater semisubmersible drilling rig about 7 km northwest of the 6706/6-1 (Hvitveis) natural gas discovery made in 2003.
Read more... (source: www.ogj.com)


DrillCo plans fall through for Jones Energy
16 October 2018, 6:29pm
Jones Energy Inc., Austin, has scrapped plans to form a drilling joint venture in the Merge and Western Anadarko basins after a potential financing deal fell through.
Read more... (source: www.ogj.com)


Shell Australia, QGC to drill 250 gas wells in Queensland
16 October 2018, 4:14pm
A group led by Royal Dutch Shell PLC that includes Queensland Gas Co. (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland. The wells will be connected to the existing QGC gas processing plants and produce about 930 petajoules of gas over the next 30 years.
Read more... (source: www.ogj.com)


Chances rise for Goddard gas development
16 October 2018, 3:58pm
Chances for development of the Goddard natural gas discovery in the UK North Sea have risen to 75% after third-party confirmation of the resource estimate, reports Independent Oil & Gas. ERC Equipoise estimated gross midpoint contingent resources at 108 bcf for the main Goddard structure and at 73 bcf for two adjacent structures directly east of the discovery, in line with IOG estimates.
Read more... (source: www.ogj.com)


Devon restores full-scale operations at Jackfish 1 complex
16 October 2018, 3:15pm
Devon Energy Corp., Oklahoma City, completed additional facilities work at its Jackfish 1 heavy oil project in the southern Athabasca oil sands region of Alberta, and full-scale operations have been restored. The work was related to minor facility repairs identified during turnaround startup activities.
Read more... (source: www.ogj.com)


API: US petroleum net imports rose strongly on falling exports
16 October 2018, 2:57am
The US has reached a new record for crude oil production of 10.8 million b/d over the past 2 months, but petroleum exports decreased by 1.3 million b/d since June, according to a recent industry outlook for the third quarter from the American Petroleum Institute.
Read more... (source: www.ogj.com)


Beach Energy sells 40% of its Otway basin interests
16 October 2018, 2:51am
Beach Energy Ltd., Adelaide, has sold 40% of its Victorian-Tasmanian Otway basin interests to Monaco-based Israeli businessman Eyal Ofer’s OG Energy Holdings Ltd. for $344 million (Aus.) in cash.
Read more... (source: www.ogj.com)


EPA proposes revisions in oil and gas operations’ emissions limits
15 October 2018, 9:45pm
The US Environmental Protection Agency proposed changes in regulations it issued in 2016 limiting emissions at oil and gas operations. Specifically, it is reconsidering fugitive emissions requirements, wellsite pneumatic pump standards, requirements for certification of closed vent systems, and the alternative means of emissions limitations provisions, EPA said in an Oct. 15 Federal Register notice.
Read more... (source: www.ogj.com)


Equinor starts production from Oseberg Vestflanken 2
15 October 2018, 4:26pm
Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf. Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot.
Read more... (source: www.ogj.com)


Lukoil advances V. Filanovsky development
15 October 2018, 3:45pm
Lukoil soon will start drilling the sixth production well in second-phase development of Vladimir Filanovsky oil field in the Caspian Sea as a recently completed fifth well holds total production at 6 million tonnes/year. The fifth well, with a main wellbore of 2,956 m and a lateral of 1,735 m, produced at an initial rate exceeding 3,300 tonnes/day of oil, Lukoil said.
Read more... (source: www.ogj.com)


Aker BP plans King Lear satellite development following acquisition
15 October 2018, 3:33pm
Aker BP has agreed to acquire Equinor Energy’s 77.8% interest in the King Lear gas-condensate discovery in the Norwegian North Sea for $250 million with plans to develop it as a satellite to Ula field.
Read more... (source: www.ogj.com)


QP to operate Idd El-Shargi North Dome field
15 October 2018, 3:17pm
Qatar Petroleum will become operator of offshore Idd El-Shargi North Dome oil field when its development and production sharing agreement with Occidental Petroleum of Qatar Ltd. expires in October 2019. Discovered in 1960, the field is 85 km off Doha.
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Victoria slows AGL Energy’s LNG plans
12 October 2018, 8:44pm
Sydney-based AGL Energy’s plans to establish an LNG import terminal at Crib Point in Victoria by 2021 will be delayed following the Victorian government’s call for the company to submit a full environmental assessment of the project.
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Woodside lets FPSO contract for proposed Browse-NWS LNG project
12 October 2018, 8:37pm
Woodside Petroleum Ltd., Perth, has let a contract for the concept definition and engineering of two natural gas floating production, storage, and offtake facilities for its proposed Browse—North West Shelf LNG development off Western Australia.
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Baker Hughes: US rig count jumps 11 units to 1,063
12 October 2018, 5:52pm
The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago. All 11 rigs were attributed to those drilling on land as the number increased 11 units to 1,037 for the week. Offshore units and those drilling in inland waters remained unchanged for the week at 23 and 3, respectively.
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IEA moderates global oil demand outlook
12 October 2018, 5:34pm
The International Energy Agency has moderated its global oil demand outlook, according to its October Oil Market Report. IEA now forecasts a growth of 1.3 million b/d for 2018 and 1.4 million b/d for 2019, respectively, a reduction of 110,000 b/d for both years from previous predictions. This is due to a weaker economic outlook, trade concerns, higher oil prices and a revision to Chinese data.
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US Tenth District energy activity accelerated in third quarter
12 October 2018, 5:13pm
The Federal Reserve Bank of Kansas City’s third-quarter energy survey revealed accelerated growth in energy activity in the Tenth District, while expectations for future activity remained high. The Kansas City Fed’s quarterly energy survey monitors oil and gas-related firms located or headquartered in the Tenth District, with results based on total firm activity.
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