» Oil and Gas: New Mexico forecasts revenue surplus as budget crisis wanes
17/08/17 18:00 from PennEnergy News
New Mexico is on track to collect more money in the coming fiscal year than it currently spends as surging oil production pulls state government out of a budget crisis, state economists told lawmakers on Wednesday.

» Oil and Gas: Evolving Oklahoma STACK play continues to draw interest as E&P operators seek sweet spots, IHS Markit says
17/08/17 18:00 from PennEnergy News
Despite the fact that the Oklahoma STACK oil and gas play is still evolving and its total potential is undetermined, evidence thus far indicates the play is delivering impressive results, leading operators to commit significant 2017 CAPE...

» PSA authorizes wells on Valemon, Gina Krog
17/08/17 13:42 from PennEnergy News
Statoil has permission from the Petroleum Safety Authority to drill two production wells on the Valemon field and an exploration well on the Gina Krog field.

» BP lets pre-FEED contract for Tortue field off Mauritania, Senegal
17/08/17 11:37 from PennEnergy News
KBR Inc. will perform pre-front-end engineering design (FEED) work over the next 6 months in support of BP PLC in the optimization stage of the Tortue field development.  

» MARKET WATCH: NYMEX crude settles below $47/bbl on rising US production
17/08/17 09:40 from PennEnergy News
US light, sweet crude prices declined for a third consecutive day, settling below $47/bbl to a 3-week low on Aug. 16 after weekly US government data showed increased US oil production.  

» Industrial, environmental, specialty services literature
17/08/17 01:00 from PennEnergy News
"USES is your one-stop resource for cleaning, maintaining, protecting, and restoring mission-critical assets that keep your business up and running," declares and illustrates this free brochure.

» Straight hole drilling steerable tool data
17/08/17 00:45 from PennEnergy News
Direct V steerable tool is announced in this free datasheet to "revolutionize straight hole drilling."

» Oil and Gas: Russian ex-minister on trial for bribery blames Putin ally
16/08/17 18:00 from PennEnergy News
Breaking months of silence, the former Russian economic development minister on trial for allegedly accepting a $2 million bribe publicly accused the head of Russia's oil company on Wednesday of setting him up.

» Oil and Gas: Bullwhip Effect in the oil and gas industry
16/08/17 18:00 from PennEnergy News
Between 1940’s to 1970’s, the average annual price of oil fluctuated within a 6.5 % band, but from 1980’s until the last few years the variation leapt to almost 11 times that amount.

» Lease Sale 249 yields more than $121 million in high bids
16/08/17 13:25 from PennEnergy News
The Bureau of Ocean Energy Management has reported that Lease Sale 249 garnered $121,143,055 in high bids for 90 tracts covering 508,096.16 acres in the Gulf of Mexico’s Western, Central and Eastern planning areas.

» Shell, Chevron headline subdued first regionwide US gulf lease sale
16/08/17 13:08 from PennEnergy News
The first regionwide Gulf of Mexico lease sale under the US Bureau of Ocean Energy Management’s new Outer Continental Shelf program was predictably subdued, with supermajors Royal Dutch Shell PLC and Chevron Corp. leading in bi...

» Planned stoppage slows Petrobras’ production in the Campos basin
16/08/17 12:06 from PennEnergy News
Petrobras’ global oil and gas production in July averaged 2.74 MMboe/d, of which 2.63 MMboe/d was produced in Brazil.

» Woodside group’s Persephone gas field brought on stream
16/08/17 11:03 from PennEnergy News
The Woodside Petroleum Ltd.-operated North West Shelf joint venture has begun production from the Persephone gas-condensate field in the Carnarvon basin off Western Australia.  

» Oil and Gas: EIA's drilling productivity report adds Anadarko region, aggregates Marcellus and Utica
15/08/17 18:00 from PennEnergy News
To provide more complete coverage of U.S. crude oil and natural gas production, EIA is expanding the Drilling Productivity Report (DPR) to cover the Anadarko region, which covers most of the production from the Anadarko Basin in 24 count...

» Oil and Gas: Exponent Energy announces major operated production assets purchase
15/08/17 18:00 from PennEnergy News
Exponent Energy (Exponent), a Tulsa, Oklahoma-based energy investment firm, is pleased to announce that it has purchased the Oklahoma production assets of Sanchez Midstream Partners LP (NYSE American: SNMP).

» Oil and Gas: Kuwait reports second oil spill in less than a week
15/08/17 18:00 from PennEnergy News
Kuwait is reporting a second offshore oil spill in less than a week.

» Oil and Gas: Best practices in oil and gas supply chain and procurement
15/08/17 18:00 from PennEnergy News
Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand.

» Rockhopper updates Al Jahraa drilling campaign
15/08/17 13:18 from PennEnergy News
Rockhopper Exploration PLC’s Al Jahraa-9 well has encountered the deepest known oil shows in the Abu Roash-D and Abu Roash-E (AR-E) reservoirs in Al Jahraa oil field onshore Egypt in the company’s Abu Sennan drilling concession.  

» KrisEnergy moves closer to offshore Cambodia oil field development
15/08/17 11:50 from PennEnergy News
KrisEnergy expects to sign a petroleum agreement for Cambodia’s offshore block A next week, allowing it to move forward with development of the Apsara oil field.

» Catalyst starts two-well campaign in the UK North Sea
15/08/17 11:41 from PennEnergy News
The semisubmersible Ocean Guardian has spudded the 14/11a-2 well on the Partridge prospect in the UK central North Sea for operator Azinor Catalyst.

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