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Friday 30 May 2014

ERHC contracts Bridgeporth for Chad survey

HOUSTON -- ERHC Energy Chad has announced the award of a contract for acquisition, processing and interpretation of gravity/magnetic data of BDS 2008 in Chad to Bridgeporth Ltd., a specialist geosciences company. Under terms of the agreement, Bridgeporth will fly 4,720 line km over BDS 2008 in southern Chad commencing in the third quarter of the year. ERHC Energy Chad is a subsidiary of ERHC Energy Inc.


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Thursday 29 May 2014

UK’s Egdon Resources to spud Lincolnshire exploration well in July

LONDON -- Europa Oil & Gas has been notified by Egdon Resources, operator of License PEDL 180, in Lincolnshire, that the Wressle-1 conventional exploration well on the license is expected to spud in July 2014, once construction of the drill site and rig mobilization has been completed.


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China outspending U.S. drillers to chase shale-gas boom

BEIJING (Bloomberg) -- China’s effort to catch up with the U.S. in developing shale gas and become more energy independent is coming at a big cost: It’s spending four times as much developing some fields, according to a new report. Holding the world’s biggest potential reserves of natural gas in shale rock, China will spend billions of dollars in trying to close a gap with the shale leader, which is about a decade ahead in developing the energy resource, according to a study by Bloomberg New Energy Finance.


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Petrofac secures new EnQuest operations and maintenance contract

Petrofac secures new EnQuest operations and maintenance contract LONDON Petrofac is set to continue to support EnQuest’s North Sea assets, after securing an operations and maintenance contract for up to ten years. The contract, worth an estimated $630 mn, supersedes


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Saturday 24 May 2014

U.S. gas rigs slump as pipelines limit drilling

HOUSTON (Bloomberg) -- Rigs targeting natural gas in the U.S. slipped from a one-month high with drillers limited by a shortage of pipeline capacity to move supplies to market.


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Friday 23 May 2014

Tullow well finds minor gas shows in Ethiopia

LONDON -- Tullow Oil has announced that the Shimela-1 well encountered water bearing reservoirs. Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volcanic rocks including almost 100 m of net sandstone reservoir within siltstones and claystones. Trace thermogenic gas shows were recorded at 1,900 m.


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Total, Lukoil to explore and develop tight oil in Western Siberia

PARIS -- Total signed an agreement with Lukoil today, May 23, creating a JV to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and Lukoil 51%. This agreement finalizes the memorandum of understanding signed between the two companies in December 2013.


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South England holds billions of bbl of shale oil, UK says

LONDON (Bloomberg) -- Shale rock underneath some of the wealthiest counties in southern England may contain billions of barrels of oil, a government report said. The Weald basin, covering counties south of London including Surrey and Sussex, may have oil in place of as much as 8.6 billion bbl, according to a report by the British Geological Survey.


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Thursday 22 May 2014

Baker Hughes takes on horizontal shale plays with new motor

HOUSTON -- Baker Hughes has announced the launch of the Navi-Drill Ultra Curve drilling motor, which drills high-build curves with precise directional control in horizontal shale plays. Featuring reduced bit-to-bend length and improved toolface control, the Ultra Curve motor completes the vertical, curve, and lateral in one run, thereby exposing more of the reservoir and increasing well efficiency and productivity.


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Wednesday 21 May 2014

Shell to sell Eagle Ford acreage to Sanchez Energy for $639 million

HOUSTON -- Shell announced May 21 that it has agreed to sell its 100% working interest in approximately 106,000 net acres in Dimmit, LaSalle and Webb Counties, Texas, to Sanchez Energy Corporation for approximately $639 million, subject to closing.


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EIA slashes estimates for California's Monterey shale

NEW YORK (Bloomberg) -- The Energy Information Administration slashed its estimate of recoverable reserves from California’s Monterey Shale by 96%, saying oil from the largest U.S. formation will be harder to extract than previously anticipated. “Not all reserves are created equal,” EIA Administrator Adam Sieminski told reporters at the Financial Times and Energy Intelligence Oil & Gas Summit in New York.


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Koch Pipeline to expand South Texas crude system

WICHITA, Kansas -- Koch Pipeline Company, L.P. will expand its South Texas crude oil pipeline system with the installation of an additional 24 mi pipeline in San Patricio County. The new pipeline will have an expected initial capacity of approximately 200,000 bpd.


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Santrol commercializes CoolSet curable resin-coated proppant

FORT WORTH, Texas -- Santrol, a Fairmount Minerals company, has announced the commercialization of CoolSet curable resin-coated proppant that sets in fractures to prevent proppant flowback at reservoir temperature of 100°F.


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Tuesday 20 May 2014

Shale boom lures developer to North Dakota for $500 million project

WILLISTON, North Dakota (Bloomberg) -- A Swiss developer is planning to build a $500 million real estate project in Williston, North Dakota, where a surging energy industry is leading to a population boom and rising property demand.


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Monday 19 May 2014

Baker Hughes opens Western Hemisphere Education Center

TOMBALL, Texas -- Baker Hughes recently opened its Western Hemisphere Education Center, just north of Houston, replacing seven other legacy training centers across the hemisphere. The cross-training facility, designed to train company employees from all product lines, primarily serves Baker Hughes’ North America and Latin America regions, as well as the Europe/Africa/Russia-Caspian and Middle East/Asia-Pacific regions.


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YPF calls union leader to avoid strike in Vaca Muerta

BUENOS AIRES (Bloomberg) -- YPF SA is calling a meeting with the leader of 20,000 oil workers to discuss a strike set to stall production in the country’s giant Vaca Muerta shale formation for a day.


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Oilfield deaths lead Obama admin to investigate fracturing risks

Green solution designed for formation stabilization in shale plays

CUERO, Texas -- Phoenix Chemical Technologies has introduced KCL MAX, a proprietary, polymeric formulation clay and swelling shale stabilizer that is applied in small liquid doses to achieve desired formation stabilization results during drilling, fracking, workover and well-stimulation. It is designed to work most effectively at a ratio of 3%–5%/100 gal of fluids make up, and is especially beneficial in perforating fluid systems.


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Permian explorer Venado said to seek up to $1 bn in sale

AUSTIN, Texas (Bloomberg) -- Venado Oil & Gas LLC, a Texas energy company backed by Riverstone Holdings LLC and EnCap Investments LP, is seeking a buyer, people familiar with the matter said.


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UK's Cuadrilla to seek ‘milestone’ shale approval this month

LICHFIELD, United Kingdom (Bloomberg) -- Cuadrilla Resources Ltd. will seek planning approval this month for a shale-gas exploration well in northern England, a “milestone” in its efforts to bring the technology to the UK.


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Saturday 17 May 2014

Chesapeake email cited by Michigan in lease-bidding case

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp.’s former CEO invited Encana Corp. to join in dividing Michigan oil and gas lease bidding opportunities in 2010 “rather than bash each other’s brains out,” according to an email cited by the state in a court filing. Chesapeake and Encana were accused by the state of divvying up the counties in which each would seek resource exploration rights before a May 2010 auction, driving bid prices down from $1,510 per acre for that auction to $40 in October.


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U.S. rigs climb to tie highest count since 2012

HOUSTON (Bloomberg) -- Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.


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Friday 16 May 2014

Argentine shale provinces said to unite against YPF license push

BUENOS AIRES (Bloomberg) -- The three provinces holding Argentina’s largest shale oil and gas deposits will jointly challenge a push by federally owned YPF SA to take control of the auction and renewal of licenses, three officials said. Jorge Sapag, Francisco Perez and Martin Buzzi -- governors of Neuquen, Mendoza and Chubut, respectively -- met in Buenos Aires on May 13 and agreed to impel their congressional representatives to oppose any move to federalize licensing processes, the provincial officials briefed on the matter said.


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Chesapeake to shed half of workforce in drilling-rig spinoff

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp. plans to spin off a drilling-rig business that employs about half its workers by the end of next month. The company’s oilfield-services division will be spun off to shareholders in a tax-free maneuver and renamed Seventy Seven Energy Inc., Oklahoma City-based Chesapeake said in a statement.


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Thursday 15 May 2014

Energean awarded Greek license agreements

ATHENS -- Energean has announced that the Greek Government has signed license agreements for the Ioannina and Katakolon blocks with the consortia of Energean and Petra Petroleum for Ioannina, and with Energean and Trajan Oil for Katakolon. This marks an important step towards achieving the first oil and gas production from new license areas in Greece in over 30 years.


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Saudi gas reserves up as Aramco taps shale to free oil

DHAHRAN, Saudi Arabia (Bloomberg) -- Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company. Saudi reserves increased to 288 Tcf of gas last year from 285 trillion in 2012, Saudi Arabian Oil Co. said May 15 in its annual review.


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Wednesday 14 May 2014

Santrol opens eighth proppant terminal in Permian basin

SUGAR LAND, Texas – Santrol, a Fairmount Minerals company, has announced the opening of its eighth proppant terminal in the Permian basin. The new Carlsbad, New Mexico, rail terminal is serving the western part of the basin.


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Tuesday 13 May 2014

Egdon Resources doubles UK shale-gas acreage

ODIHAM, United Kingdom (Bloomberg) -- Egdon Resources Plc will almost double its UK shale gas-exploration acreage after agreeing to buy assets from Alkane Energy Plc in the latest consolidation among the country’s unconventional fuel drillers.


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Monday 12 May 2014

Tesco subsidiary signs definitive agreement with Tech Field Services

HOUSTON -- TESCO Corporation has announced the signing of a definitive agreement between its subsidiary, Tesco Corporation (U.S.), and Tech Field Services Inc. (TFS). Under the terms of the definitive agreement, Tesco Corporation (U.S.) has acquired the assets of TFS, and will incorporate the TFS business into its U.S. after-market sales and service (AMSS) operations.


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Swift Energy announces JV to develop Fasken Eagle Ford acreage

HOUSTON -- Swift Energy Company and PT Saka Energi Indonesia (Saka) have announced that U.S. subsidiaries of Swift Energy and Saka have executed definitive agreements to fully develop approximately 8,300 acres of Fasken area Eagle Ford shale properties owned by Swift Energy in Webb County, Texas.


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MicroSeismic to help operators meet British Columbia’s seismic regs

HOUSTON -- In response to new British Columbia Oil and Gas Commission (BCOGC) regulations, MicroSeismic, Inc. has bolstered its passive seismic services portfolio to deliver best in class seismicity monitoring (SM), either as part of an existing BuriedArray system for hydraulic fracture monitoring (HFM), or as a standalone sparse array specifically designed for real-time event detection and SM applications.


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Friday 9 May 2014

EPA may require disclosure of fracing chemicals

WASHINGTON, D.C. (Bloomberg) -- The U.S. Environmental Protection Agency took the first formal step toward requiring oil and gas drillers to disclose the chemicals they use in hydraulic fracturing. The agency has announced the start of a process that could result in companies being forced to report to the government, and possibly the public, the chemicals they add to sand and water to break apart shale rock and release oil and gas trapped deep underground.


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Oil Search completes acquisition of Pac LNG' s interest in PRL 15

Oil Search reported completion of its acquisition of the relevant Pac LNG Group Co holding a 22.835% gross interest in Petroleum Retention License 15 (PRL 15), containing the Elk/Antelope gas discoveries in Papua New Guinea. The purchase was funded by a placement of 149.39 million fully-paid, ordinary shares to Papua New Guinea, which was completed.


Peter Botten, Oil Search' s Managing Director said Oil Search' s entry into the PRL 15 JV provides the company with the opportunity to play a key role in determining the optimal commercialization route for the Elk/Antelope resource, which is the largest undeveloped gas resource in Papua New Guinea.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

IGas to buy Dart to create leading UK shale explorer

LONDON (Bloomberg) -- IGas Energy Plc agreed to buy Dart Energy Ltd., creating an explorer with rights to drill across more than 1 million acres including shale basins.


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Thursday 8 May 2014

Suncor employee killed by bear at oil sands site

FORT MCMURRAY, Alberta -- Suncor Energy has reported that an employee was the victim of a bear attack at its oil sands base plant approximately 25 km north of Fort McMurray. The employee was pronounced deceased on the scene.


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Shale pioneer sees U.S. fracing from sea to shining sea

FORT WORTH, Texas (Bloomberg) -- Where others see purple mountain majesties, Kent Bowker sees buried treasure. The 58-year-old geologist was part of a team that first extracted significant amounts of gas from a dense rock formation near Fort Worth, Texas, in the late 1990s. Now Bowker says he’s identified a sweet spot in the Rocky Mountains that, along with untapped shale in California, will add to output from Pennsylvania to Texas that’s already propelled the U.S. to No. 1 in the world for combined oil and gas production.


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Wild Well, Check-6 partner to develop next-generation well control training

HOUSTON -- In a press conference during the Offshore Technology Conference this week, Wild Well announced a joint agreement with Check-6 to develop next-generation well control training for the oil and gas industry. The partnership will result in a new standard of training by providing the industry with access to the most advanced computer-based training and learning techniques available


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New South America to install first ever wetland access system in Colombia

New South America, a subsidiary of New South Access &  Environmental Solutions, will install its emtek wetland access cystem on an oil and gas project site in Colombia for HOCOL, a subsidiary of Ecopetrol. The emtek system provides the safe, fast access through an environmentally sensitive wetland, protecting crews and equipment as well as natural resources.


The system protects environmentally sensitive wetlands as it floats on the vegetation, while the traditional use of stacking timber mats or Dura-base mats will crush root systems and can damage a wetland beyond repair and, require a great deal more mats. The emtek system is half the weight and twice the strength of traditional wood mats.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Poland's PKN Orlen buys Birchill to double Canadian output

PLOCK, Poland (Bloomberg) -- PKN Orlen SA, Poland’s biggest oil company, agreed to buy Birchill Exploration Ltd to double its crude production in Canada. Orlen, which in September bought Canada’s TriOil Resources Ltd for C$183.7 million ($169 million) in its first foreign expansion into oil production, plans to complete the transaction by the end of June, the state-controlled company said in a regulatory statement.


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Wednesday 7 May 2014

Oxane Materials names Clay Border V.P. of sales

Oxane Materials, a Houston-based marketer and manufacturer of Advanced Ceramic Proppant, has announced the addition of Clay Border as V.P. of sales. In his role, Border will lead Oxane’s sales team, focusing on field performance and return utilizing the company’s proprietary proppant.


Oxane' s patented proppant travels deeper and more uniformly into oil and gas formations, while affording a more conductive channel for flow to the wellbore. As a result, more hydrocarbons are produced at a more rapid rate, relative to wells propped with commodity proppants.


Previously, Border was managing director for Donovan Capital, an energy-focused investment bank that provided merchant bank, advisory and capital raising services to private upstream energy companies. He was also V.P. within the securities division of Tudor, Pickering, Holt & Co., an energy investment banking and research firm based in Houston. Before entering the securities industry, Border was a technical sales engineer for a division of Emerson Electric and Reliance Electric (acquired by Rockwell Automation).


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Encana to buy Eagle Ford acreage for about $3.1 bn

CALGARY, Alberta (Bloomberg) -- Encana Corp. will buy acreage in the Eagle Ford shale in Texas for about $3.1 bn from Freeport-McMoRan Copper & Gold Inc., doubling crude oil production at Canada’s largest natural-gas producer.


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Tuesday 6 May 2014

Devon Energy to buy acreage in Cana-Woodford shale

OKLAHOMA CITY, Oklahoma -- Devon Energy Corporation has agreed to acquire 50,000 net acres and associated production primarily in the Cana-Woodford Shale for $249 million in cash.


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Talisman, Statoil said to weigh sale of Texas shale venture

CALGARY, Alberta (Bloomberg) -- Talisman Energy Inc. and Statoil ASA are considering selling their JV in Texas’s oil-rich Eagle Ford basin, which could fetch more than $4 bn, people with knowledge of the matter said. The companies have interviewed banks to manage a sale of the 50-50 partnership, said the people, who asked not to be identified because the matter is private. A sale could draw interest from large exploration companies such as Encana Corp., Murphy Oil Corp., and Devon Energy Corp. that want to acquire more oil-producing properties, one of the people said.


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OTC '14: Shell awards ProSep contract for Carmon Creek project

HOUSTON -- ProSep has been awarded a contract with Shell Canada for a comprehensive oil treatment solution consisting of the design and packaging of 12 large oil treatment vessels.


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EOG sees Rocky Mountains as next hot American oil field

HOUSTON (Bloomberg) -- EOG Resources Inc. has identified the Rocky Mountains as the next great opportunity in North American oil. Known for quietly building up positions in areas before their potential is widely recognized, the Houston-based company said in a statement that its land in Colorado and Wyoming may hold the equivalent of 400 MMbbl of oil.


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Sabine Oil to buy troubled Forest Oil Corp.

HOUSTON (Bloomberg) -- First Reserve Corp.’s Sabine Oil & Gas agreed to buy struggling Forest Oil Corp. in an all-stock transaction to create one of the biggest energy producers in East Texas. Sabine holders will own 73.5% of the combined company, leaving Forest Oil shareholders with 26.5%, according to a statement.


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Eaglewood bags first pipeline, facilities licenses in Papua New Guinea' s Western Province

Eaglewood Energy has been offered a Strategic Processing Facility License (APPFL 3) and Strategic Pipeline License (APL 9) in the Western Province of Papua New Guinea. Final grant of the licenses is subject to a number of condition precedents, the most significant of which is the establishment of a Project Agreement between Eaglewood and Papua New Guinea.


The licenses will grant Eaglewood the right to construct and operate a strategic gas condensate processing facility close to the Ubuntu Discovery Petroleum Retention License (PRL 28 - Eaglewood, Talisman Energy, Mitsubishi, MFI) and Elevala, Tingu and Ketu discoveries (PRL 21 - Horizon Oil, Talisman Energy, Mitsubishi, Kina Petroleum), and a strategic pipeline to deliver the condensate from these fields to a location on the Fly River, from where it will be shipped to market.


Eaglewood has a participation agreement in place with Trafigura, whereby the two companies are working together with a view to jointly financing and owning the pipeline and processing facility. Other investors, including Papua New Guinea, landowner companies, local participating upstream companies, infrastructure funds, etc., will also have an opportunity to participate in the ownership of this infrastructure.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

OTC '14: Wild Well and Check-6 to develop advanced well control training

OTC ' 14 Wild Well and Check 6 to develop advanced well control training HOUSTON – In a press conference during the 2014 Offshore Technology Conference, Wild Well announced a joint agreement with Check 6 to develop the next generation of


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Monday 5 May 2014

Oxy won’t drill in California areas where locals oppose, CEO says

LOS ANGELES (Bloomberg) -- Occidental Petroleum Corp. CEO Steve Chazen said the company’s new California spin off will have plenty of places to drill that won’t be hindered by a growing anti-fracking movement in the state. The new company, which will be spun off to shareholders as California Resources Corp. by year end, won’t drill in communities that oppose oil and gas activity or hydraulic fracturing Chazen said in a call with investors.


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Smaller companies to dominate Shale, Pemex unit Director says

Smaller companies will probably dominate development of Mexico’s shale gas deposits as Pemex focuses on shallow water and onshore projects, according to the independent director of one of the state owned company’s units.


Pemex, will probably focus on businesses with higher margins to maximize profits, leaving room for smaller companies in shale, Mario Gabriel Budebo, a director of Pemex Gas and Basic Petrochemicals, said to Bloomberg Mexico Economic summit.


“It’s not the large companies that have the agility and the cost structure to exploit shale gas,” said Budebo,a former deputy energy minister. “It’s an area for new players.”


Emilio Lozoya, Pemex’s CEO, on March 3 invited the world to explore for shale deposits in its recently opened energy sector.The crude production monopoly the company has held since 1938 ended on December 20,2013.Pemex aims to attract as much as $1 trillion in energy investment during the next decade to exploit the biggest proven oil reserves in Latin America after Venezuela and Brazil,he said.


A “big chunk” of investment in the sector may come from Asia, said Kent F. Moors, executive chair of the Global Energy Symposium.Finance Minister Luis Videgaray said in an interview that Mexico’s government is working with China to have the world’s second largest economy increase its investment across industries.


Videgaray helped shepherd the laws last year that opened the nation’s state-controlled oil industry to private drillers.


Victor Herrera, Latin American managing director at Standard & Poor’s, said in a December 20,2013 interview that pipeline and shale gas investment could come “very quickly.” Shale and natural gas are the “low-hanging fruit” of the energy reform and may be explored as soon as the second half of this year by foreign companies, according to Herrera.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Sunday 4 May 2014

Technip awarded significant Brunei contract by Total

Technip has been awarded a significant contract by Total E&P Borneo B.V., covering engineering, procurement, supply, construction and commissioning (EPSCC). This project aims at the modification of the onshore facilities as well as the construction of a new onshore pipeline, in order to transport Maharaja Lela & Jamalulalam South (MLJS) gas to the Brunei Liquefied Natural Gas (BLNG) plant.


The onshore modification work includes de-bottlenecking of the processing plant to enable the handling of up to 5 million cubic meters per day (annual average) from the greater MLJ field, and associated assistance in start-up and performance test.


Technip’s operating center in Kuala Lumpur, Malaysia, will execute the contract with support from the office of the Group based in Brunei. The project is scheduled for completion in the second half of 2015.


Lim Kwee Keong, senior V.P. of Technip in Asia Pacific, stated, “Following the front-end engineering design that we have completed in 2012, Technip was keen on undertaking the EPSCC contract. Vital for the brownfield tie-in of the MLJS project, our familiarity with the onshore facilities has made the difference and gave us leverage in this much sought-after development.”


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Saturday 3 May 2014

Anadarko plans to drill up to 25 deepwater wells in 2014

Anadarko Petroleum is planning to drill up to 25 deepwater wells in 2014, the company’s chairman, president and CEO has said. The comment came as the company revealed its 2014 capital expectations and guidance.


“We expect this capital plan to enable us to increase year-over-year ' same-store' sales volumes by 6 to 7 percent. Driving this year-over-year growth is an expected increase in our oil production of approximately 40,000 barrels per day,” said Al Walker.


"During 2014, Anadarko expects to drill up to 25 high-potential deepwater exploration/appraisal wells. Additionally, we plan to continue accelerating value through active portfolio management and monetizations, as demonstrated by the recently announced divestiture of our non-operated assets in Bohai Bay, China, and the closing of our sale of a 10-percent working interest in Mozambique' s Offshore Area 1 to OVL."


Total 2014 capital investments are expected to be $8.1 to $8.5 billion, excluding capital investments associated with Western Gas Partners, LP, a separate publicly-traded entity controlled by Anadarko and included in its consolidated financial statements.


More than 80 percent of Anadarko' s 2014 U.S. onshore capital investments will be allocated toward oil and liquids-rich opportunities. The company expects to increase its total U.S. onshore year-over-year same-store sales volumes by more than 10 percent to more than 625,000 boe per day for full-year 2014, including an approximate 50,000 barrels-per-day increase in liquids volumes. Much of this growth is expected to be driven by the company' s Wattenberg Horizontal program in Colorado, its Eagle Ford shale development in South Texas, and other liquids-rich growth plays, including the Wolfcamp shale in West Texas and the East Texas/North Louisiana area.


The Wattenberg Horizontal program generates the strongest returns in Anadarko' s U.S. onshore portfolio and is expected to achieve significant growth in 2014. The company plans to operate approximately 13 rigs in the Wattenberg field during the year and drill more than 360 wells.


Anadarko also is accelerating its operated activity in the Wolfcamp oil play where it has evaluated about 20 percent of its approximate 600,000-gross-acre position. The company has already identified more than 1,000 drilling locations in this de-risked area of the Wolfcamp, with significant additional upside as it evaluates the remaining acreage and potential stacked-pay intervals. In 2014, the company expects to operate eight to 10 rigs, with plans to drill more than 80 wells.


In the Gulf of Mexico, Anadarko is on schedule to achieve first oil from its 80,000 barrels-of-oil-per-day Lucius development late in the second half of 2014. The company' s Heidelberg development also remains on track, with spar construction more than 75-percent complete and first oil expected in 2016.


Anadarko' s 2014 deepwater Gulf of Mexico exploration/appraisal program is focused on building upon the tremendous success achieved in the Shenandoah basin in 2013, which is emerging as one of the largest oil accumulations ever discovered in the Gulf. Appraisal activity at the Coronado, Yucatan and Shenandoah discoveries in the Shenandoah basin highlights the company' s six-to-eight-well Gulf program in 2014.


In 2014, Anadarko expects to realize a full-year' s benefit of oil production from the El Merk project in Algeria. El Merk, which recently achieved net production of more than 30,000 barrels per day, is expected to contribute to at least a 30-percent year-over-year increase in sales volumes from Algeria during 2014.


In Ghana, Anadarko and its partners have awarded major contracts and are advancing development of the TEN complex, which is expected to achieve first oil in 2016. In Mozambique, the company' s 2013 appraisal and exploration activities increased its estimated recoverable natural gas resources to a range of 45 to 70-plus Tcf in Offshore Area 1, up from the previous range of 35 to 65-plus Tcf. The company' s 2014 program in Mozambique is focused on advancing the development toward first LNG cargoes in 2018.


The company' s international exploration/appraisal program includes 15 to 18 planned deepwater wells, primarily in East and West Africa.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Friday 2 May 2014

API celebrates 65th birthday of fracing

With birthday cards and a social media campaign, API celebrated the 65th birthday of the technology that has spurred an energy revolution in America - hydraulic fracturing or fracing.


“Americans have long been energy pioneers, from the 1800’s when the first wells were drilled to today,” said API Director of Upstream and Industry Operations Erik Milito. “As part of that history, on March 17, 1949, we developed the technology to safely unlock shale and other tight formations, and now the U.S. is the world’s largest producer of oil and natural gas.”


The birthday cards featured a black and white photo of one of the world’s first commercially fractured wells located in Duncan, Oklahoma.


“Thanks to fracing, we can produce more energy, with a smaller environmental footprint—changing America’s energy trajectory from scarcity to abundance,” said Milito. “This is a birthday worth celebrating.”


In 2012, unconventional resource development utilizing hydraulic fracturing increased disposable income by an average of $1,200 per household, supported 2.1 million American jobs, and contributed $284 billion to the U.S. GDP, according to a study by IHS. By 2025, IHS reports that unconventional drilling will support 3.9 million jobs, including 515,000 positions in manufacturing.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Thursday 1 May 2014

Langan opens Ohio office to support Utica shale

ELMWOOD PARK, New Jersey -- Langan Engineering & Environmental Services has announced the opening of an office in Akron, Ohio. The new office will provide fully integrated technical services in support of the oil and gas industry focused on the Utica shale play as well as land development projects and corporate real estate portfolios throughout the state.


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Oil workers killed in Texas blast were subcontractors

OKLAHOMA CITY, Oklahoma -- The two workers who died in an explosion at a well site in West Texas were subcontractors, the site’s operator has said.


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Wood Group opens HSE, technical competency center in Eagle Ford

Wood Group has opened a 16,000 sq ft training facility in Kenedy, Texas, where educational programs for Eagle Ford shale workers will focus on health, safety, and environment (HSE) and technical competency. The center includes a 300-person capacity training room, an instrumentation and electrical (I&E) lab, a computer-based training (CBT) lab and a board room. The facility also has an outside pad with a tank battery and an area with buried pipe for pipeline finding; both will be instrumental for hands-on training.


The center is operated by Wood Group PSN, which provides high-integrity services to design and construct facilities, optimize performance, maintain production, reduce operating costs, ensure asset integrity, and extend the operating life of oil and gas fields. It is this knowledge and expertise that Wood Group PSN will provide via a combination of classroom, hands-on and API-certified computer-based training.


The training curriculum levels range from basic production operations for entry-level personnel to the essentials of managing oil & gas contract obligations for experienced lease operators. HSE-specific classes include SafeLand, Department of Transportation operator qualification (DOT OQ), H2S training and defensive driving. The combination of structured, industry-proven processes and a strong focus on safety and regulatory compliance serves as the foundation for developing safe, competent workers for the Eagle Ford region.


Class instructors are oil & gas industry veterans with a minimum of 20 years of experience onshore and offshore, in the U.S. or international. They are experienced in operations, engineering and major project management.


Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

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