The international rig count for April reached 1,062, up 23 units from 1,039 in March and up 84 units from 978 in April 2018, according to Baker Hughes data. The international offshore rig count for April was 251, up 4 units from 247 in March and up 57 units from 194 in April 2018. […]
OTC: Murphy group eyes appraisal of strike off Mexico
Murphy Oil Corp. and partners are considering the drilling of an appraisal well of their Cholula discovery in deep water offshore Mexico as well as two exploration wells on the same Salina basin block next year. Source: News
OTC: Keynotes address technology, carbon dioxide steps
Future advances in technology will help offshore oil and gas development compete with US shale plays, said one of two oil-company keynote speakers May 6 at the Offshore Technology Conference in Houston. Source: News
ENR acquires remaining Eagle Ford assets from PNR
Pioneer Natural Resources has closed on the sale of its Eagle Ford shale and remaining South Texas assets to Ensign Natural Resources. PNR will receive as much as $475 million in total proceeds, of which $25 million was received at closing and $450 million is contingent on future commodity prices. Source: News
BP lets contract for second phase of Thunder Horse expansion project
BP PLC has let an integrated engineering, procurement, construction, and installation contract to TechnipFMC for the Thunder Horse South expansion Phase 2 project in the deepwater Gulf of Mexico. The contract, valued by TechnipFMC at $75-250 million, is the second contract let to TechnipFMC by BP following Atlantic Phase 3 in this year’s first quarter. […]
OTC: Industry learning from MODU reactivation
Lessons are being learned as industry reactivates mobile offshore drilling units (MODU) that were cold or warm-stacked during the oil-price slump that started in late 2014, representatives from Northern Offshore and Borr Drilling told an Offshore Technology Conference breakfast audience May 6 in Houston. Source: News
MARKET WATCH: Crude oil rise on changing US relations with Iran, China
Light, sweet crude oil and Brent crude futures prices rose modestly in volatile trading May 6, which analysts attributed to US-Iran tensions and to uncertainty regarding US-China trade talks after US President Donald Trump’s threat that he might raise tariffs on Chinese goods. Source: News
API, IOGP recommend steps to increase US LNG exports to EU countries
The American Petroleum Institute and London-based International Association of Oil & Gas Producers (IOGP) jointly released a position paper outlining ways to increase US LNG exports to countries in the European Union. The May 2 recommendations came during the first EU-US Energy Council Business-to-Business Energy Forum in Brussels. Source: News
FERC staff issues final EIS for Plaquemines LNG, pipeline projects
The proposed Plaquemines LNG export terminal and associated Gator Express pipelines might have adverse environmental impacts that could be less than significant if the sponsor’s proposed impact avoidance, minimization, and mitigation plan and additional Federal Energy Regulatory Commission staff recommendations are implemented, FERC’s staff said in a May 3 final environmental impact statement. Source: […]
Amplify Energy, Midstates Petroleum to merge
Amplify Energy Corp. and Midstates Petroleum Co. Inc. have agreed to a merger pursuant to which Amplify will merge with a subsidiary of Midstates in an all-stock deal. Source: News