GAIL (India) Ltd. is drilling the first of eight exploratory wells in the Cambay basin in western India in the initial exploration phase of a production sharing contract. Source: News
DONG, Bayerngas cancel Hejre EPC contract
DONG Energy and Bayerngas Norge have cancelled the engineering, procurement, and construction contract for development of Hejre oil and gas field offshore Denmark. Source: News
Cowen: Subsea tree awards to drop again
As offshore oil and gas development wanes, project awards for subsea trees plummet. Source: News
EIA: US HGL production to reach 4.33 million b/d by 2017
US production of hydrocarbon gas liquids (HGL)—a group of products that includes ethane, propane, butanes, and natural gasoline—is expected to increase from 3.86 million b/d in 2015 to 4.33 million b/d in 2017, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO). Source: News
USGS revised seismic-risk maps to add induced earthquake potential
The US Geological Survey added induced seismicity to its seismic-risk maps, the agency said Mar. 28, citing a sharp rise in earthquakes associated with wastewater disposal wells, especially in Oklahoma. Source: News
BOEM issues final offshore oil and gas leasing rule
The US Bureau of Ocean Energy Management issued a final offshore oil and gas leasing rule that it said would reorganize and reorder regulations for clarity, eliminate redundant or otherwise unnecessary text, and add new definitions and sections to standardize or clarify practices in all three BOEM US Outer Continental Shelf regional offices. Source: […]
Douglas-Westwood: Deepwater projected to decline 35% through 2020
A recent report from Douglas-Westwood Ltd. forecasts deepwater expenditures to total $137 billion during 2016-20, which represents a 35% decline from its previous forecast covering 2015-19. Source: News
Louisiana governor, House members protest BSEE well-control proposal
The US Bureau of Safety and Environmental Enforcement’s proposed offshore well-control rule would be too costly and could curtail oil and gas activity in the Gulf of Mexico, Louisiana Gov. John Bel Edwards (D) and members of the state’s US House delegation said in separate protests. Source: News
MARKET WATCH: NYMEX, Brent oil prices edging down on weak fundamentals
Light, sweet crude oil prices for May delivery fell 7¢ on Mar. 28, continuing downward momentum that started before the long Easter holiday weekend. Oil prices continued falling in light trading early Mar. 29 ahead of a scheduled speech from Federal Reserve Chair Janet Yellen. Source: News
New Zealand refiner schedules unit maintenance
New Zealand Refining Co. Ltd. (NZRC), the country’s sole refinery, will execute unplanned repairs to a hydrocracker at its 107,000-b/d Marsden Point refinery at Northland, on the North Island’s east coast, during a previously scheduled shutdown of the unit planned in April. Source: News