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Partners in the Azeri-Chirag-Deepwater Gunashli (ACG) complex in the Caspian Sea offshore Azerbaijan have approved the investment of $6-billion in a new platform able to process as much as 100,000 b/d of oil.

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Categories: drilling production










ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

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A supertanker filling up with crude in the Gulf of Mexico is routine these days. Less so is a supertanker loading American oil without coming within 1,000 miles of the Texas or Louisiana coast.

Source Feed: Rigzone.com: Latest News Headlines


Total count down 10 Drilling activity fell this week in the U.S. continuing a general downward trend, according to Baker Hughes Rig Count. A net ten rigs came offline in the week, leaving 1,012 active in the U.S. The entire decline came in land activity, as inland waters and offshore rig counts remained flat. There are currently 986 land, three[Read More...] The post U.S. Drillers Tally First YOY Rig Count Decline Since 2016 appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, mlp news, natural gas news, premium content, rig count

Slow capital spending since 2014 must be made up for New international discoveries in 2018 hit the lowest level since 2000 SLB sees North American E&P investments falling 10% in 2019 Schlumberger (ticker: SLB) kicked off Q1 2019 earnings today, announcing $421 million in net income or $0.30 per share. The slowing pace of global oil and gas activity impacted[Read More...] The post Schlumberger Looks to International Activity For 2019 Growth appeared first on Oil & Gas 360.

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Categories: 360 articles, closing bell story, crude oil news, natural gas news, oilfield services, premium content, schlumberger

Wolfcamp A well went down 7,102 feet – out 17,935 feet – TD’d in 18 days Moss Creek Resources Holdings, Inc., a wholly owned subsidiary of Surge Energy US Holdings Company, said it drilled the longest known lateral in the Permian Basin, based on the IHS and Drillinginfo databases. The Medusa Unit C 28-09 3AH was successfully drilled to a[Read More...] The post Another Permian Record: Surge Energy Subsidiary Drills Longest Known Lateral in the Permian appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, upstream technologies, longest lateral in the permian, moss creek, surge energy

Surge Energy US Holdings Co. subsidiary Moss Creek Resources Holdings Inc. reported drilling the Medusa Unit C 28-09 3AH to 24,592 ft TMD (7,102 ft TVD).

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Categories: drilling production

ConocoPhillips, Oxy, Apache, Noble Energy are the cleanest comps in upstream energy – John Gerdes Permian pure-plays Pioneer, Concho and Diamondback have the assets but will be tougher deals to do while trading at a premium to their peers – Noah Barrett Pioneer, Concho, Diamondback and Endeavor: at the end of the day they are inclined to be merged into[Read More...] The post Aftershocks from Chevron-Anadarko: Experts Discuss What’s Next for U.S. Oil Companies appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, mergers & acquisitions, people, acquisition, acquisition of assets, anadarko, analysis, barrett, chevron, gerdes

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks rose by 92 Bcf last week, increasing to 1,247 Bcf from 1,155 Bcf. This is 4.4% below the 1,304 Bcf that was in storage at this point last year and[Read More...] The post Weekly Gas Storage: Large Early Build appeared first on Oil & Gas 360.

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Categories: 360 articles, closing bell story, natural gas news, natural gas roundup, natural gas storage, premium content




Meanwhile, Henry Hub natural gas fell for the fourth straight trading day.

Source Feed: Rigzone.com: Latest News Headlines

Seems like just yesterday it was Q4 reporting season. But time between quarterly earnings reports accelerates within the public company universe, and Q1 reporting season is here. EnerCom, Inc. has compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 95 E&P and 76 Oilfield Service companies in the EnerCom database. Download EnerCom’s[Read More...] The post Who Beats? Who Misses? BAM: It’s Earnings Season (Again) – Here are the Q1 2019...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, earnings, mlp news, natural gas news, premium content

BHP Petroleum plans additional appraisal drilling on Trion block offshore Mexico during this year’s second half, the company said in an operational update. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

The US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects that aim to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements, DOE said on Apr. 16.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, ior eor, government, production operations

The US Energy Information Administration forecasts crude oil production from seven major shale formations will climb 80,000 b/d in May to a record 8.46 million b/d, EIA said in its Monthly Drilling Productivity Report.

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Categories: general interest, economics markets, drilling production, unconventional resources, government, production operations

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 1,396 MBBL last week to 455,154 MBBL from 456,550 MBBL. This is 6% above the 427,567 MBBL that was in storage at this point last year, and is even with the five-year[Read More...] The post Weekly Oil Storage: Small Surprise Draw appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil cuttings, crude oil news, crude oil storage, premium content

Brent crude oil prices on the London market gained more than 50¢ to settle at $71.72/bbl on Apr. 16 and continued rising Apr. 17 in early trading on concerns about tightening world oil supplies. Crude oil supplies have declined this year with US sanctions on Venezuela and Iran. Meanwhile, major producers, including Russia, also are holding back production.

Source Feed: Drilling and Production News
Categories: general interest, economics markets, drilling production, government, production operations

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Colorado Governor Jared Polis held a brief bill signing ceremony today at which he signed Senate Bill 19-181 into law. The act that overhauls much of Colorado’s energy regulation landscape became law today, effective immediately after being signed into law by Gov. Polis. The bill was enacted by the Colorado Legislature in recent weeks. It was signed by the president[Read More...] The post New Era for Colorado Oil and Gas Permitting and Regulation Starts Now appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, e&p, natural gas news, oil & gas jobs, politics, popular 3, regulatory, cogcc, colorado energy overhaul bill, gov. polis signs energy bill, local control, premium content, sb 19-181

EERC down for fourth straight month Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count fell once again in March, with an effective 51 rigs coming offline in the month. The major shale basins have a combined 2,723 effective rigs, meaning[Read More...] The post Efficiency Stagnating in Key Shale Basins appeared first on Oil & Gas 360.

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, chart of week, closing bell story, crude oil news, mlp news, natural gas news, eerc, premium content, rig count

Well flow tested at 7,900 BOEPD, core sets Mexican offshore record with 714 feet of whole core Zama will ‘be impactful for the company and for the Mexican economy’ – Talos CEO Duncan Talos Energy Inc. (stock ticker: TALO, $TALO) reported good results for its Zama appraisal program in Block 7, located in the offshore portion of Mexico’s Sureste Basin in the Gulf[Read More...] The post Strong Well Results in the Gulf: Talos Energy’s Zama-2 ST1 Appraisal Well Reinforces Zama Predictions appeared...

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, discoveries, e&p, mexico, gulf of mexico, offshore mexico, pemex, premium content, talos energy, zama well results, zama-2

BP Exploration (Caspian Sea) Ltd. has let a contract to Turan Drilling & Engineering Co. LLC, a joint venture of KCA Deutag and Socar AQS, for the operation and maintenance of seven platform drilling rigs, said Turan Drilling, which was formed in July 2018.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

Brent crude oil dropped modestly on the London market Apr. 15 but still settled above $71/bbl following reports of lower Venezuelan and Iranian exports because of US sanctions. Renewed civil unrest in Libya also raised oil supply concerns. Khalifa Haftar’s Libyan National Army continues fighting forces backed by the internationally recognized Libyan government.

Source Feed: Drilling and Production News
Categories: general interest, economics markets, drilling production, government, production operations

The US drilling rig count dropped 3 units to reach 1,022 rigs working for the week ended Apr. 12, according to Baker Hughes data. The count is up 14 units from the 1,008 rigs working this time a year ago.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, economics markets, drilling operations

Qatargas has let a contract to McDermott International Inc. for engineering, procurement, construction, and installation for expansion of North field offshore facilities in Qatar.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

Every oil and gas facility has the potential to be hampered by the problem of NORM (short for Naturally Occurring Radioactive Material), especially during phases of decommissioning. To fully understand NORM, first take note that it can be broken down into various waste streams. For example… There is NORM waste which is contaminated with other […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: chemicals, marine & offshore, mechanical, minerals, oil & gas, safety, tech, technology

Health is our most treasured possession. It does not last forever, yet most of us make the mistake of living like it will. It is not until we lose our health that we seek diligently to regain it. Sadly at that point, it’s most often too late, and it always has a cost of time, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business, culture, finance, health & wellness, leadership

Businesses are changing with the times, and there’s a new space for working in unique and creative ways. We’re in the clouds, we’re in the field, we’re out of the office. Many small businesses no longer even have offices because digital communication and infrastructure is superior and unlimited. The world as we know it … […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: accommodations, business, hotels, travel

Oil producing regions are experiencing a major downturn in the economy. The last few months have been challenging for all business sectors, and anyone reliant on oil revenue (and in Newfoundland that’s just about every one of us) has felt the pinch in some capacity. Managing your reputation in this business climate has never been […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business

In the world of business, computers have become the foundation of how we live and work. Sitting at a desk all day is probably the worst thing we could to ourselves; It seizes up the muscles, makes the body weak and complacent, and eats away at our flexibility and posture. It’s not what we want, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, human resources, personal development, sports

THE WINNERS ARE: TECHMATION ELECTRIC & CONTROLS, STEP ENERGY SERVICES, CROSBIE SALAMIS LTD, COUGAR HELICOPTERS, THE OGM SAFETY RESULTS AWARD WINNER: Techmation Electric & Controls Ltd. Techmation Electric & Controls Ltd. provides a complete range of electrical and instrumentation services throughout Western Canada. Techmation is committed to achieving stellar performance and giving value to their […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: aviation, best in class, human resources, oil & gas, safety, tech, technology

Petrotechnical Data Systems (PDS) is one of the biggest providers of software solution developers in the field of oil and gas industries. They recently unveiled a new Open Source Technology termed Wellsite Information Transfer Standard Markup Language (WITSML) for Energistics. Launched under the open Apache License, there are two categories of the software: the PDS […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, products & services, tech, technology

The FleetLink system from Atlas Copco supports the construction and oil and gas industry. It is offered in two packages, the FleetLink Advanced, intended for large pavers, including asphalt and large soil rollers, up to highway class pavers and the standard FleetLink for small pavers. Both packages are offered free of cost with the purchase […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: construction, products & services, tech, technology

The CMC Research Institutes are aiding the NRG COSIA Carbon XPRIZE for a $20 million global competition. The competition is aimed towards finding technologies that can successfully convert Carbon Dioxide emissions into high-value products. This is highly contextual in today’s world, where air pollution in major cities all over the world is a growing concern […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: business, global citizenship, resources, tech, technology

When an industry faces a harsh downturn for two years, there is a critical need gain efficiencies, optimization and reliability.  That’s a global trend. And in the coatings industry its leading minds that have come up with optimal gains that support sustainable long-term cost reductions and higher efficiency. Replacement and repair of damaged equipment are […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: drilling, exploration & production, liquefied natural gas, marine & offshore, oil & gas, oil sands, pipelines, tech, technology, transportation & logistics

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