The international rig count for August reached 1,008 units, up 11 from the 997 counted in July, and up 56 from the 952 counted a year ago, according to Baker Hughes data. The international offshore rig count for August was 212, down 5 units from the 217 counted in July, and up 11 from the […]
Equinor completes Johan Sverdrup offshore crude pipeline installation
Equinor ASA has completed installation of a 283-km, 36-in. OD crude oil pipeline connecting its Johan Sverdrup development in the North Sea to the Mongstad oil terminal outside Bergen, Norway. Johan Sverdrup is on the Norwegian continental shelf about 140 km west of Stavanger in 115 m of water. The crude line’s deepest point is […]
CARB program will monitor air quality in communities near oil fields
Four communities near oil and gas production areas have been chosen to launch a program that will monitor air quality to determine if the nearby activity is having an impact, the California Air Resources Board announced. The communities—Lost Hills and McKittrick-Derby Acres in Kern County, and Baldwin Hills and South Los Angeles in Los Angeles […]
NPD grants Equinor drilling permit in the Norwegian Sea
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit in the Norwegian Sea for well 6407/11-1, which will be drilled using Odfjell Drilling’s Deepsea Bergen semisubmersible drilling rig. Source: News
Latest New Mexico lease sale broke records, BLM reports
The US Bureau of Land Management’s third-quarter oil and gas lease sale in New Mexico broke records by grossing nearly $1 billion in bonus bids for 142 parcels, the US Department of the Interior agency said on Sept. 6. Revenue from the sale totaled $972,483,619.50, surpassing revenue for all BLM oil and gas sales in […]
International tribunal rules for Chevron in ongoing Ecuador case
An international tribunal administered by the Permanent Court of Arbitration in The Hague found that a $9.5-billion judgment that Ecuador’s government lodged against Chevron Corp. in 2011 violated international treaties, investment agreements, and international law. Ecuador breached its obligations under a 1995 settlement agreement that released Chevron subsidiary Texaco Petroleum Co. and its affiliates from the […]
MARKET WATCH: NYMEX crude oil price ends week with third consecutive decline
The light, sweet crude oil contract for October fell slightly on the New York market Sept. 7, marking its third consecutive decline. Brent crude oil prices for November and December climbed modestly in London. Analysts said a strengthening US dollar restrained light, sweet crude prices. Oil trades in US dollars so a stronger dollar makes […]
Watching Government: Still producing off California
The US Bureau of Ocean Energy Management and US Bureau of Safety and Environmental Enforcement prepared a draft programmatic environmental assessment (PEA) to evaluate potential impacts of existing oil and gas operations on the US Outer Continental Shelf off California. Source: News
Forces of cooperation
In an Aug. 30 statement on the management of oil supply, the Organization of Petroleum Exporting Countries sounded confident. The Joint Ministerial Monitoring Committee (JMMC), it said, “expressed overall satisfaction with the collective performance of member countries in the month of July 2018.” Source: News
Permian production decelerates
Favorable geology combined with technological and operational improvements have contributed to the Permian region becoming one of the most sought-after in the US for crude oil production Source: News