Archive for the ‘Drilling Production’ Category
Orphan-well load cited in firm’s failure
May 2nd, 2019 by Latest News
A small Calgary natural gas producer is ceasing operation, saying a January decision by the Canadian Supreme Court on responsibility for orphan wells aggravated its financial problems.
PSAC again trims Canadian drilling outlook
May 2nd, 2019 by Latest News
The outlook for oil and gas drilling in Canada continues to darken. The Petroleum Services Association of Canada again has lowered its forecast for 2019 drilling—to 5,300 wells drilled from 6,600 in the original forecast published last November.
Qatar Petroleum has let contracts for eight offshore jack up drilling rigs expected to be mobilized and ready for its North Field expansion project starting in January 2020.
Qatar Petroleum has let contracts for eight offshore jack up drilling rigs expected to be mobilized and ready for its North Field expansion project starting in January 2020.
Equinor to decommission Statfjord A platform
May 2nd, 2019 by Latest News
Equinor announced May 2 plans to shut production at the Statfjord A platform in the North Sea, one of the oldest platforms on the Norwegian continental shelf. Statfjord A went on stream in 1979 and had been scheduled for shutdown in 1999, but it has si…
Equinor to decommission Statfjord A platform
May 2nd, 2019 by Latest News
Equinor announced May 2 plans to shut production at the Statfjord A platform in the North Sea, one of the oldest platforms on the Norwegian continental shelf. Statfjord A went on stream in 1979 and had been scheduled for shutdown in 1999, but it has si…
Report: Pipeline constraints to moderate Canadian oil sands production growth
May 2nd, 2019 by Latest News
The cost of building and operating oil sands projects has fallen in recent years and total oil production is expected to rise by another 1 million b/d by 2030, but external factors—such as price uncertainty caused by pipeline constraints—are contributi…
Report: Pipeline constraints to moderate Canadian oil sands production growth
May 2nd, 2019 by Latest News
The cost of building and operating oil sands projects has fallen in recent years and total oil production is expected to rise by another 1 million b/d by 2030, but external factors—such as price uncertainty caused by pipeline constraints—are contributi…
MARKET WATCH: Benchmark crude prices hold steady on uncertain world oil supply
May 2nd, 2019 by Latest News
Light, sweet crude oil for June delivery fell modestly to settle at $63.60/bbl on the New York market May 1 while the Brent contract for June held unchanged at just above $72/bbl in London. Traders and analysts are watching world oil supply levels now …
MARKET WATCH: Benchmark crude prices hold steady on uncertain world oil supply
May 2nd, 2019 by Latest News
Light, sweet crude oil for June delivery fell modestly to settle at $63.60/bbl on the New York market May 1 while the Brent contract for June held unchanged at just above $72/bbl in London. Traders and analysts are watching world oil supply levels now …