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STAVANGER, Norway -- A fire reported on June 28 at Statoil’s onshore Eisenbarth well pad in Monroe County, Ohio has been extinguished but follow-up work is continuing. The fire involved equipment at the location. The fire was limited to surface equipment, and none of the wells have been on fire. A Statoil well inspection team on site reported yesterday, June 29, that all wells are secure and are shut-in.
CAIRO, Egypt (Bloomberg) -- Explorers in Egypt expect constraints on domestic energy prices to loosen, prompting new investment in oil and natural gas fields. Companies including Citadel Capital SAE, Circle Oil Plc and Petroceltic International Plc expect President Abdel-Fattah El-Sisi to make good on promises to reduce subsidies of more than $20 billion a year and ease demands that producers sell fuel on the domestic market well below international prices, they said at a conference in London on June 27.
NOTTINGHAM, United Kingdom (Bloomberg) -- Scotland may have billions of barrels of shale oil buried under the country’s most densely populated areas, geologists said June 30. Scotland’s central belt, running between Glasgow and Edinburgh, may have 6 billion barrels of oil in place, according to a report by the British Geological Survey. While only a fraction of the resource will end up being viable, the deposits could supplement the UK’s 3 billion barrels of proven oil reserves, held mostly in North Sea fields off Scotland’s coast.
BUENOS AIRES (Bloomberg) -- Argentine provincial authorities are pushing for tax cuts to be included in an energy bill covering the country’s nascent shale oil and gas industry, three officials briefed on the matter said. The governors of 10 provinces with oil and gas reserves agreed to request the elimination of a 35% levy on imports of rigs and other machinery before agreeing to the federal government’s proposed reform, the provincial officials said, asking not to be named as discussions are private.
Weatherford inaugurates Katy, Texas rod pump facility PRAMOD KULKARNI, Editor KATY, Texas – In response to growing demand for artificial lift solutions in the North American shale plays, Weatherford has built a 354,000 sq ft manufacturing facility and world class
FORT MCMURRAY, Alberta (Bloomberg) -- Justin Trudeau says he would bolster Canada’s case for approval of the Keystone XL pipeline by introducing financial incentives to curb greenhouse-gas emissions in the oil and gas industry. Canada should establish a price for carbon emissions to show it’s addressing climate change and to give President Barack Obama political “cover” to approve TransCanada Corp.’s $5.4 billion project, Trudeau, leader of Canada’s Liberal Party said in an interview in Fort McMurray, Alberta.
VIENNA, Austria -- C.A.T. oil AG, a provider of oil and gas field services in Russia and Kazakhstan, signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services on June 17, 2014. The agreement guarantees full utilization of four new drilling rigs and one new fracturing fleet until the end of 2016 and foresees conclusion of respective service agreements between the operating subsidiaries of Gazprom Neft and C.A.T. oil.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Aubrey McClendon, the U.S. shale wildcatter who’s raised $10 billion in capital since getting fired from Chesapeake Energy Corp. last year, acquired a stake in an Oklahoma pipeline project. An affiliate of McClendon’s American Energy Partners LP contributed natural gas lines in exchange for a minority interest in Tall Oak Midstream LLC’s planned 250-mi pipeline and processing network, Oklahoma City-based Tall Oak said in a Business Wire statement.
MILAN, Italy -- Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timimoun and Oued Mya, in onshore southern Algeria. The three permits (El Guefoul, Tinerkouk and Terfas), issued from the national agency for the exploitation of hydrocarbon resources (Agence Nationale pour la Valorisation des Ressources en Hydrocarbures, ALNAFT), are valid for two years and cover a total area of 46,837 sq km.
LONDON (Bloomberg) -- The UK announced new license terms to spur the development of the resource that may supply the nation with half a century of natural gas from shale rock. The measures will allow license holders to retain bigger areas and cut costs, Energy Minister Michael Fallon said today, June 24, at a conference. The 14th licensing will be launched “shortly,” he said.
HOUSTON -- ZEiTECS has announced the world’s first rigless installation and retrieval of the NAUTILUS ESP, a cable-deployed electric submersible pump system (ESP), in a customer well in West Texas. The system was deployed on December 19, 2013, and ran for 139 days until planned shutdown on May 7; the system was retrieved successfully on May 9.
Planned LNG import terminal for Indonesia GDF SUEZ continues its international development of gas infrastructures PARIS, France GDF SUEZ has recently signed a new cooperation agreement protocol with Perusahaan Gas Negara (PGN), the principal Indonesian operator in the field of
GREENWOOD VILLAGE, Colorado (Bloomberg) -- The U.S. government wants to sell a naval petroleum reserve field first set aside by presidential decree 99 years ago to ensure fuel supplies for American warships. The Energy Department is seeking bids for the Teapot Dome field north of Casper, Wyoming, by Sept. 30, according to an offering document published on the website of Meagher Energy Advisors Inc.
LINCOLN, Nebraska (Bloomberg) -- Nebraska landowners opposed to the proposed $5.4 billion Keystone XL pipeline urged the state’s highest court to uphold a judge’s ruling invalidating the route mapped by Governor Dave Heineman and TransCanada Corp. The property owners urged the state Supreme Court to uphold a February ruling effectively blocking the pipeline. Judge Stephanie Stacy in Lincoln declared TransCanada a common carrier like a railroad. As such, a 2012 law giving the governor control over the path violated a part of the state constitution vesting power in the Public Service Commission.
PARIS -- CGG has announced that, in addition to the first two 508XT systems being delivered to the industry this month, Sercel has also sold a system to PanAmerican Geophysical for delivery in July. The system' s X-Tech architecture allows it to combine the benefits of both cable and cable-free systems in a single platform.
CALGARY, Alberta --- Suncor Energy and five industry partners have announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor' s Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as significantly enhance existing technologies.
Eni grabs 25,000 bpd from oil field in arctic Alaskan waters Milan, Italy Eni has achieved the important production goal of 25,000 bpd at the Nikaitchuq field, in which the company is operator with a 100% interest. The field, located
Russia to shut Nord Stream Gas Pipe for maintenance for 11 days ANNA SHIRYAEVSKAYA MOSCOW (Bloomberg) Nord Stream, the world’s longest subsea natural gas pipeline, will halt the link from Russia to Germany for 11 days of planned maintenance. The
OSLO, Norway -- The IEA, on June 17, released its Medium-Term Oil Market Report. Rystad Energy, an independent oil and gas consulting group, has compared the revised IEA demand outlook with its own supply estimates derived from its global upstream database, UCube. The estimates are based on Rystad’s bottom-up analysis of 30,000 fields and 2,500 oil companies in 150 countries.
DUBAI -- Lamprell reports that it has received a new contract award from Petrofac Emirates (Petrofac) for the fabrication and delivery of 29 modules.
ASTANA, Kazakhstan -- Tethys Petroleum, following the recently reported Kazakh State Reserves Committee (GKZ) approval, confirmed that it has received approval from the Ministry of Oil & Gas of the Republic of Kazakhstan (MOG) for the extension its Kyzyloi Production Contract for a further 15 years, to June 2029.
BAGHDAD (Bloomberg) -- Exxon Mobil and BP began removing employees in Iraq as militants continued a push toward Baghdad and a battle raged for control of the nation’s largest oil refinery.
HOUSTON -- Bright Automation, a designer and manufacturer of monitoring and control products, has introduced a fully solar-powered wireless load cell designed for use on pumping units. The Bright Wireless Load Cell has a fully solar-powered battery, transmitting data via a 2.4-GHz wireless digital communication protocol.
Circle Oil starts drilling SAH W1 well in Sebou permit, Morocco LIMERICK, Ireland Circle Oil, reported the preliminary results of drilling of the well SAH W1 in the Sebou Permit, onshore Morocco. The well is located within the western central
GDI is awarded long term contracts by QP for two new land rigs DOHA, Qatar Gulf Drilling International(GDI), reported that it has been awarded two new contracts by Qatar Petroleum(QP) for the provision of drilling rig services. The new contracts
CGG to acquire multi year 3D land seismic in Saudi Arabia PARIS CGG has announced that ARGAS, its joint venture with TAQA in Saudi Arabia, has been awarded a major contract by Saudi Aramco for an extensive, high density land
PLANO, Texas -- Denbury Resources Inc., an E&P focused on EOR utilizing CO2 in the Gulf Coast and Rocky Mountain regions, has announced the appointment of Brad Kerr as senior V.P. of planning, technology, CO2 supply and pipelines. In his role, Kerr will oversee Denbury' s long-range development plan, CO2 supply and pipeline operations.
WASHINGTON, D.C. -- The U.S. exported 268,000 bpd of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years, reported the U.S. Energy Information Administration. Exports have increased sharply since the start of 2013, and have exceeded 200,000 bpd in five of the past six months. The increase in crude exports is largely the result of rising U.S. crude production, which was 8.2 million bpd in March.
HAMILTON, Bermuda (Bloomberg) -- Gulf Keystone Petroleum Ltd., an oil producer in Iraq’s Kurdistan region, gained the most in almost a month after saying production from its key asset was proceeding as planned.
OSLO, Norway (Bloomberg) -- DNO ASA, the Norwegian oil producer focused on northern Iraq, fell for a second day after Islamist insurgents seized several cities south of the Kurdistan region where it operates. While no violence has been reported in the semi-autonomous region, the Oslo-based company fell as much as 5.7% and traded 0.5% lower at 22.19 kroner a share as of 2:01 p.m., extending losses to 6.4% over the last two days.
MEXICO CITY (Bloomberg) -- Oil shale drillers in Texas have had to contend with environmental opposition and soaring costs. A few miles south of the border in Mexico, Angel Torrez and co-workers duck gunfire sprayed from drug traffickers.
OKLAHOMA CITY, Oklahoma -- Chesapeake Energy Corporation’s board of directors has approved the spin-off of the company’s oilfield services business into a stand-alone, publicly-traded company.
CALGARY, Alberta -- A panel of industry leaders told a packed audience on opening day of the SPE Heavy Oil Conference, at the Global Petroleum Show in Calgary, that they see great promise for Canada’s heavy oil resources. However, they restrained their enthusiasm by also discussing a number of challenges that they see for such development.
MOSUL, Iraq (Bloomberg) -- Fighters from a breakaway al-Qaeda group are in position to seize Iraqi energy infrastructure after taking control of Mosul in a strike that highlights Prime Minister Nouri al-Maliki’s weakening grip on the country. A day after guerrillas drove police and soldiers from the nation’s second-biggest city, there were conflicting reports on the situation in Baiji, north of Baghdad and home to Iraq’s biggest refinery.
REDMOND, Wash. -- Univar Inc., a global distributor of industrial and specialty chemicals and related services, broke ground on a new 52,000 -sq-ft facility on 12 acres of land in Elmendorf, Texas, on May 20. The facility, in the Alamo Junction Rail Park south of San Antonio, is under construction, and is expected to be fully operational by the end of the year.
UKOOG welcomes Government commitment to legislate on access rights in the Queen’s speech LONDON The UK Onshore Operators Group (UKOOG), welcomes the announcement in the Queen’s speech that the Government is to legislate on land access issues for the onshore
Circle Oil spuds El Mediouni 1 exploration well offshore Tunisia LIMERICK, Ireland Circle Oil, commenced drilling of the well EMD 1 on the offshore Mahdia Permit using the drillship PetroSaudi Discoverer. The well is located within the vicinity of many
CALGARY, Alberta -- Canadian oil production is projected to grow steadily by an annual average of 4% -- or 175,000 bpd -- over the period to 2030 as companies continue to develop the oil sands in response to strong demand indications from North American and global energy markets.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- American Energy Partners LP, the company formed by former Chesapeake Energy Corp. CEO Aubrey McClendon, agreed to buy shale acreage in the Marcellus, Utica and Permian basin in three transactions for a total of $4.25 billion.
MADRID, Spain (Bloomberg) -- A venture including Texas shale explorer Heyco Energy Group won an extension of its permit to search for oil and gas in an area of northern Spain that the industry designated as one of the richest to be fraced.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., already facing antitrust claims in Michigan over bids on gas exploration rights, was charged with racketeering and fraud for allegedly lying to landowners about leases it took out on their property.
LONDON (Bloomberg) -- The UK government will introduce a law to make exploring for shale oil and gas easier. In a speech setting out the government’s legislative plans for the next year, Queen Elizabeth II said a bill would be proposed to “enhance the UK’s energy independence and security by opening up access to shale and geothermal sites.”
BUCHAREST, Romania (Bloomberg) -- Romania plans to differentiate royalties from oil and gas production at the country’s onshore and offshore fields to stimulate investment, Prime Minister Victor Ponta said. The Bucharest-based government and energy companies including OMV Petrom SA and Exxon Mobil Corp are in talks on a framework that would apply to all new field concessions, Ponta told reporters in Bucharest.
LONDON -- The UK Onshore Operators Group (UKOOG), the representative body for the onshore oil and gas industry, has welcomed the announcement in the Queen’s speech that the UK government is to legislate on land access issues for the onshore oil and gas and geothermal industries.
Tower Resources completes farm in to a 15% stake in Kenya' s Block 2B LONDON Tower Resources reported the completion of its farm in to Block 2B, onshore Kenya. On 9 April 2014, the Company reported that Tower Resources had agreed
FORT MCMURRAY, Alberta -- A contractor has been killed at Suncor Energy Inc.’s oil sands site in northern Alberta while performing maintenance on a piece of heavy equipment.
MOSCOW -- Gazprom Neft began production at the Badra oilfield in Iraq on May 31. The central gathering station (CGS) is currently undergoing complex testing of its crude oil processing system. Testing will be completed in three months once enough oil has been accumulated for commercial production to begin. The Badra field will then be ready to reach planned production levels of 15,000 bpd.
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