» Lancaster oil shipments start off the UK
18/06/19 17:52 from Drilling and Production News
Hurricane Energy PLC has sold the first cargo of crude oil from the early production system on Lancaster field in the West of Shetland area offshore the UK. Hurricane says Lancaster is the UK’s first producing basement field.
» PTTEP agrees to acquire Partex Holdings
18/06/19 17:02 from Drilling and Production News
PTT Exploration & Production Co. has signed an agreement to acquire 100% of Partex Holding from the Calouste Gulbenkian Foundation of Portugal for as much as $622 million. The deal, expected to close by yearend, will boost the Thai c...
» MARKET: Brent crude falls more than $1/bbl
18/06/19 14:36 from Drilling and Production News
Brent oil prices fell on the London market by more than $1/bbl for August and September delivery while light, sweet crude oil in New York for July delivery settled under $52/bbl on concerns of the possibility of oil shipment disruptions ...
» ONGC moves 35 rigs ahead of monsoon season
17/06/19 18:12 from Drilling and Production News
India’s Oil & Natural Gas Corp. Ltd. reported moving a record-high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season. Aqualis Offshore said it assisted with many of the moves.
» Equinor drills duster near Korpfjell gas discovery
17/06/19 17:33 from Drilling and Production News
Equinor Energy will plug exploration well 7335/3-1 in PL 859, which was drilled 8 km southeast of the 7435/12-1 (Korpfjell) natural gas discovery in the Barents Sea, and 435 km north of Vardo. The well was dry. The well was drilled to a ...
» Aker BP granted North Sea drilling permit
17/06/19 15:16 from Drilling and Production News
Aker BP has been granted a drilling permit by the Norwegian Petroleum Directorate for well 25/2-20 in production license 442 in the North Sea.
» MARKET: Brent for August tops $62/bbl
17/06/19 14:59 from Drilling and Production News
Brent oil prices rose moderately on the London market June 14 with the August contract closing slightly above $62/bbl while light, sweet crude prices in New York held fairly flat, again settling above $52/bbl.
» Baker Hughes: US rig count down 6 units to 969
14/06/19 18:09 from Drilling and Production News
The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago.
» Russia’s Kharyaga field starts gas sales
14/06/19 17:04 from Drilling and Production News
Zarubezhneft and production-sharing partners have started sales of associated sour gas at Kharyaga oil field in the Nenets Autonomous Region of northwestern Russia.
» IEA consecutively cuts oil demand growth forecast
14/06/19 16:45 from Drilling and Production News
In its latest monthly Oil Market Report, the International Energy Agency cut its forecast for global demand growth in 2019 for a second consecutive month. It is now projected at 1.2 million b/d, reduced from 1.3 million b/d in the previo...
» CSB: Operational lapses led to well blowout, fire
13/06/19 17:48 from Drilling and Production News
Poor barrier management combined with underbalanced operations performed without proper planning, procedures, or needed equipment to make an Oklahoma natural gas well blow out and catch fire on Jan. 22, 2018, killing five workers in the ...
» CAPP: Canadian crude output growth slowing
13/06/19 16:14 from Drilling and Production News
Canadian production of crude oil and condensate will increase through 2035 but at rates sharply lower than predicted before the crude-price slump of 2014-15 and the onset of problems associated with pipeline congestion. In its annual out...
» MARKET: NYMEX oil prices plunge more than $2/bbl
13/06/19 15:22 from Drilling and Production News
Light, sweet crude oil prices for July and August dropped steeply by more than $2 on July 12 to settle below $52/bbl on the New York market while Brent crude oil also dipped by more than $2 in London to settle under $60/bbl.
» World Bank: Global gas flaring up 3% in 2018
12/06/19 20:05 from Drilling and Production News
Flaring of natural gas rose 3% year-to-year in 2018 to an estimated 145 billion cu m, the World Bank’s Global Gas Flaring Reduction Partnership disclosed on June 12. The growth was associated with increased US crude oil production, altho...
» BP report sees energy-emissions ‘mismatch’
12/06/19 17:57 from Drilling and Production News
Citing a “growing mismatch” between hope and action, BP executives released the company’s annual Statistical Review of World Energy featuring slow progress on climate change and rapid growth in energy demand and emissions of carbon dioxi...