BNSF Railway Co. is cutting the speed of oil-carrying trains in some urban areas to as slow as 35 miles per hour, a 30% reduction, to improve safety following crude-by-rail accidents this month.
Eni and India's Reliance Industries have signed production sharing contracts (PSCs) for two blocks each, offshore Myanmar. Eni is partnering with with Petrovietnam and Reliance has a JV with the local Myanma Oil & Gas Enterprise.
Apache Corp. has reported strong appraisal- and development-drilling results from Egypt following the discovery of two new oil fields in the Western Desert.
McDermott International has been awarded a sizeable contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron U.S.A. Inc. to support the brownfield expansion of the Jack and St. Malo fields in the U.S. Gulf of Mexico.
Despite the recent Memorandum of Understanding between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating LNG projects in Russia, according to GlobalData.
Seadrill Partners has received a notice of termination from BP Exploration & Production for the contract for the West Sirius, which will be effective after the semisubmersible completes its current well and demobilizes, which Seadrill Partners estimates to be by early May 2015.
Part 1: In this first of two installments, the latest developments in well logging and formation evaluation are assessed. General developments include ongoing efforts to improve the accuracy of the logging depth measurement and wellbore position, improving standards for well-log deliverables, and multi-log correlation. New developments in LWD, openhole wireline, and sensor design and methodology are discussed in detail.
Coiled tubing (CT) drilling offers an economical alternative to conventional, jointed pipe drilling when accessing mature and low-yield fields. A 40% reduction in cost can be achieved by CT’s ability to drill continuously, mobilize faster, reduce rig time, and require fewer preparations.
A newly developed, ruggedized air-drilling system increased rig up time, reduced costs for mud and cuttings disposal, improved hole cleaning, and increased ROP.
Near-term uncertainties reign in low-cost play
Splinters in the windmills of Putin’s mind
The mainstreaming of MPD
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
U.S.: 9.179 MMbpd (January 2015)Texas: 3.631 MMbpdLouisiana: 1.424 MMbpdNorth Dakota: 1.218 MMbpd
World: 92.20 MMbpd (January 2015)
OPEC: 36.85 MMbpdOECD: 23.33 MMbpdNon-OECD: 29.8 MMbpdProcessing Gains: 2.22 MMbpd
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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