The US Environmental Protection Agency proposed changes in its 2016 New Source Performance Standards for the oil and gas industry that it said would streamline implementation, reduce duplicative EPA and state requirements, and decrease unnecessary burdens for producers. The targeted improvements package is expected to save as much as $484 million in regulatory costs from […]
Lukoil adds steam capacity at Yarega field
Lukoil has commissioned a steam-generation complex at Yarega heavy-oil field in the Republic of Komi in Russia, where first-half production was up 77% over the comparable period of 2017. The company said output in the first 6 months totaled 761,000 tonnes of highly viscous oil. Source: News
Pengrowth: Lindbergh flow tops 18,000 b/d
Bitumen production at Pengrowth Energy Corp.’s Lindbergh thermal oil project in the Lloydminster fairway of Alberta’s Cold Lake area has exceeded 18,000 b/d of bitumen, the company reported. Although three of eight infill wells drilled this year are on pump and starting to produce, output will decline by 40% briefly for maintenance. Source: News
Yee named MEG Energy chief operating officer
Chi-Tak Yee has been appointed chief operating officer of MEG Energy Corp., Calgary. Yee joined MEG Energy in 2004 and most recently has been senior vice-president, operations, resource and technology development. Source: News
OGUK: Lower offshore costs face low drilling activity at North Sea crossroads
Oil & Gas UK describes the UK’s offshore industry as at a crossroads in its Economic Report 2018. The report contrasts reduced costs, competitive fiscal terms, improved operational performance, and greater stability in oil and gas prices, with the impacts of record low drilling activity and a potentially damaging supply-chain squeeze. Source: News
Oneok to expand West Texas LPG system another 80,000 b/d
Oneok will spend $295 million for a second expansion of its West Texas LPG pipeline system, which includes the construction of four pump stations, two pump station upgrades, and pipeline looping that will increase the West Texas LPG mainline capacity by 80,000 b/d, and additional infrastructure to connect West Texas LPG with Oneok’s Arbuckle II […]
WoodMac: Permian producers hedge bets against pipeline delays
Due to concerns that key pipeline projects may fail to start up by their 2019 target dates, Permian producers increased their 2020 oil-basis hedge positions by 431% in this year’s second quarter, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity. Source: News
Meridian inks deal for start-up services at Davis refinery
Meridian Energy Group Inc. has let a contract to GATE Energy, Houston, to deliver commissioning and start-up services for Meridian’s recently approved grassroots 49,500-b/sd high-conversion Davis refinery to be built in Billings County in the heart of southwestern North Dakota’s Bakken shale region. Source: News
NPD grants Faroe Petroleum drilling permit in North Sea
The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 30/6-30 in the North Sea. The well will be drilled by Transocean Offshore International Ventures Ltd.’s Transocean Arctic semisubmersible drilling rig after concluding the drilling of wildcat well 35/11-21 A for Wellesley Petroleum AS in production license 248 I. Source: […]
Gasprom Neft plans Neptune appraisal well
Gazprom Neft is preparing to drill a second well to appraise its Neptune discovery in the Okhotsk Sea in far eastern Russia after increasing the resource assessment by 60%. The company calls Neptune, on the Ayashsky license block in 60-70 m of water 55 km northeast of Sakhalin Island, its “most important discovery of 2017.” […]