Archive for the ‘Drilling Production’ Category
Lancaster oil shipments start off the UK
June 18th, 2019 by Latest 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
June 18th, 2019 by Latest 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 company’s net-in…
MARKET: Brent crude falls more than $1/bbl
June 18th, 2019 by Latest 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 through the Mid…
ONGC moves 35 rigs ahead of monsoon season
June 17th, 2019 by Latest 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 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 vertical depth …
Aker BP granted North Sea drilling permit
June 17th, 2019 by Latest 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
June 17th, 2019 by Latest 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
June 14th, 2019 by Latest 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
June 14th, 2019 by Latest 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
June 14th, 2019 by Latest 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 previous report and 1…