Archive for the ‘Drilling Production’ Category
Baker Hughes: US rig count down 9 units to 975
June 7th, 2019 by Latest News
The US drilling rig count fell 9 units, reaching 975 rigs working for the week ended June 7, according to Baker Hughes data. The count is down 87 units from the 1,062 rigs working this time a year ago.
The international rig count for May reached 1,126, up 64 units from 1,062 in April and up 159 units from 967 in May 2018, according to Baker Hughes data. The international offshore rig count for May was 240, down 11 units from 251 in April and up …
Nigerian regulator revokes six licenses
June 7th, 2019 by Latest News
Nigeria’s Department of Petroleum Resources has revoked five oil mining leases and one oil prospecting license. It cited “noncompliance with statutory regulatory obligations” and said it was acting under a “presidential directive on recovery of legacy …
MARKET: NYMEX oil prices rise nearly $1/bbl
June 7th, 2019 by Latest News
Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border se…
MARKET: NYMEX oil prices rise nearly $1/bbl
June 7th, 2019 by Latest News
Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border se…
ExxonMobil, partners to redevelop Angola Block 15
June 5th, 2019 by Latest News
ExxonMobil Corp. and its partners reported they will invest more into Block 15 offshore Angola to increase production by an additional 40,000 b/d as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuel…
East Med due second Turkish drillship
June 5th, 2019 by Latest News
Turkey will increase its controversial drilling in the Eastern Mediterranean when Turkish Petroleum AO launches a second drillship in July. Energy and Natural Resources Minister Fatih Donmez said at a Ramadan fast-breaking dinner that retrofit of the Y…
CAPP: Oil, gas investment should double
June 5th, 2019 by Latest News
The Canadian Association of Petroleum Producers seeks federal support for a doubling over the next 4 years of now-slumping investment in Canada’s oil and gas industry. The group made conditions supporting such a recovery part of wish list for the next …
Cooper Energy signs gas sales agreements with AGL
June 5th, 2019 by Latest News
Cooper Energy Ltd., Adelaide, has signed natural gas supply agreements with Sydney distributor and retailer AGL Energy Ltd. for production from Cooper’s Sole field offshore Gippsland basin and its Casino Henry operations in the offshore Otway basin.
Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit. The business information pro…