Archive for the ‘Drilling Production’ Category
Blackrock well cuts thin oil sands off UK
May 14th, 2019 by Latest News
The Blackrock exploration well 204/5b-2 in the West of Shetlands area proved the existence of intravolcanic charged reservoirs between undeveloped Cambo and Rosebank oil fields, reports Siccar Point Energy, the operator. The Diamond Ocean GreatWhite se…
Petrobras lets contract for Sepia field project
May 14th, 2019 by Latest News
Petroleo Brasileiro SA (Petrobras) has let a contract to McDermott International Inc. for subsea risers and flowlines for the first phase of Sepia field, 174 miles offshore Rio de Janeiro. The first phase is part of a 15-well Sepia field development in…
Equinor claims Shell’s Caesar Tonga stake
May 13th, 2019 by Latest News
Equinor said it will increase its interest in deepwater Caesar Tonga oil field in the Gulf of Mexico to 46% by exercising a preferential right to acquire Shell Offshore Inc.’s 22.45% interest for $965 million.
The US drilling rig count fell 2 units to reach 988 rigs working for the week ended May 10—the third straight week below 1,000, according to Baker Hughes data. The count is down 57 units from the 1,045 rigs working this time a year ago.
Woodside lets contact for Scarborough development
May 10th, 2019 by Latest News
Two subcontracts to support development of the floating production unit on Woodside Petroleum group’s proposed Scarborough gas field development on the Exmouth Plateau off Western Australia have been signed by SNC Lavalin, which will provide front-end …
An affiliate of ExxonMobil Corp. let contracts for the next phase of the Liza project offshore Guyana to SBM Offshore, which will construct, install, lease, and operate for up to 2 years the Liza Unity floating production, storage, and offloading vessel.
Santos awards Barossa subsea contract to Technip
May 9th, 2019 by Latest News
Rice University’s Baker Institute researchers say limited water access and a lack of infrastructure are likely to stall shale gas development in Mexico regardless of whether Mexican President Andres Manuel Lopez Obrador implements his campaign promise …
In its latest monthly Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent spot prices will average $70/bbl in 2019 and $67/bbl in 2020, both about $5/bbl higher than in last month’s STEO. This compares with an average of…
Light, sweet crude oil fell to settle below $62/bbl on the New York market May 7 while Brent crude oil fell by more than $1 to settle below $70/bbl in London after US officials suggested China was reneging on its commitment to a US-China trade agreement.