Anadarko Petroleum Corp. had first production at the Caesar/Tonga development in the Green Canyon area of the deepwater Gulf of Mexico. Production from Caesar/Tonga, with an estimated resource base of 200 to 400 million barrels of oil equivalent (Boe), is expected to ramp up to approximately 45,000 Boe per day from the first three subsea [...]
Norway’s oil and gas major Statoil ASA Friday said the Norwegian ministry of petroleum and energy has given the company the green light to develop Skuld field in the Norwegian sea. First oil from the field is scheduled for December 2012 and Statoil said that total investments in the field–which is estimated to contain 90 million barrels of [...]
BHP Billiton Petroleum announced today that it is the first company in the deepwater Gulf of Mexico to bring a newly drilled well into production since the moratorium was enacted in May 2010. The well was brought into production on 30 May 2011 on the BHP Billiton operated Shenzi field. The SB-201 well was drilled [...]
Cabot Oil & Gas Corporation announced that on Tuesday, May 24 it surpassed 400 Mmcf per day of production from the Marcellus shale in N.E. Pennsylvania. Specifically, the Company was able to increase its production stream after the recent upgrades of the Lathrop Compressor Station that included the commissioning of new compression, new dehydration and [...]
London and Dublin listed exploration group Tullow Oil expects capital expenditure for 2011 to be in the region of $1.5 billion (€1 billion) as it ramps up production at its Jubilee oil field in Ghana. In an interim management statement yesterday, Tullow said Jubilee production revenues, combined with the proceeds of a farm-down deal in [...]
Royal Dutch Shell aims to produce 12 percent more oil by 2014 than it did last year and said it was assessing some 30 new projects. Shell is targeting 3.7 million oil-equivalent barrels (boe) per day of production for 2014 and expects over $100 billion (62 billion pounds) of net capital investment for the period [...]
Abraxas announced production rates in West Texas and Alberta, Canada.
Technip was awarded by Statoil a contract, worth approximately €90 million, for the Gygrid field development located in the Norwegian Sea at a water depth of 265 – 330 meters.
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