Archive for the ‘Drilling Production’ Category
TransGlobe Egyptian strike due on stream
May 29th, 2019 by Latest News
TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter under a newly approved develop lease….
CNRL agrees to buy Devon’s Canadian assets
May 29th, 2019 by Latest News
Canadian Natural Resources Ltd. will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada for $3.775 billion (Can.) cash. Devon Energy announced early this year its plan to shed Canadian oper…
Oil prices climbed May 28 for a second trading session with light, sweet crude oil for both the July and August contracts settling above $59/bbl as traders returned after a long Memorial Day weekend.
Equinor granted North Sea drilling permit
May 28th, 2019 by Latest News
Equinor Energy AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 16/5-7 in production license 502 in the North Sea.
Consortium launches industrial-scale CCS project
May 28th, 2019 by Latest News
A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN), and Total SA, has launched a project to demonstrate an innovative process for capturing carbon dioxide from industrial activities. The so-named DMX…
Baker Hughes: Canada adds 15 rigs for the week
May 24th, 2019 by Latest News
Canada has added 15 rigs for the week ended May 24, according to Baker Hughes data. With 78 rigs running, the count is slightly less than the 81 units drilling this week a year ago. The number of oil-directed rigs in Canada increased by 16, bringing th…
While there hasn’t been a dramatic change for the energy industry in Mexico since President Andres Manuel Lopez Obrador took office in 2018, progressive collaboration between the industry and country regulators is needed to fulfill the country’s hydroc…
Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more than a $3/bbl on…
The title transfer for the Ironbark offshore gas prospect off Western Australia to the new BP Development Australia Pty Ltd.-led exploration joint venture has been approved, paving the way for the drilling program, said Melbourne-based Cue Energy Ltd.&…
Appomattox field comes on stream in GOM
May 23rd, 2019 by Latest News
Appomattox field in the US Gulf of Mexico started production ahead of schedule in the deepwater Gulf of Mexico about 80 miles offshore Louisiana. Shell Offshore Inc. operates the field in 7,200 ft of water.