Thursday, October 19, 2017

BP: Gulf Oil Spill Rate Lower than US Government Estimate

December 7, 2010 by  
Filed under UPSTREAM

BP has suggested that the actual flow rate of its massive oil spill in the Gulf of Mexico may have been lower than the US Government’s final estimate, according to the White House oil spill commission. The US Government estimated that BP’s ruptured undersea well released between 53,400 and 60,000 barrels per day; however, the […]

Chevron Enters Design Phase, Awards FEED Contracts Offshore Indonesia

December 7, 2010 by  
Filed under Featured, UPSTREAM

Chevron awarded FEED contracts for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. The contract for the FPUs was allocated to PT Technip Indonesia; the contracts for the subsea and flowline system and for export pipelines were awarded to PT Worley Parsons Indonesia; and PT. Singgar Mulia received the contract for the onshore receiving […]

Pluspetrol hits Angola pay

November 15, 2010 by  
Filed under UPSTREAM

Argentina’s Pluspetrol has hit a hydrocarbon column with an appraisal well on its Castanha oil discovery onshore Cabinda in Angola. Upstream staff 15 November 2010 06:00 GMT Partner Roc Oil said the Castanha-3 appraisal well sidetrack has been drilled to a total measured depth of 2525 metres and suspended after hitting a gross hydrocarbon column […]

Drilling halted at East Chalkley

November 15, 2010 by  
Filed under UPSTREAM

US-focused Target Energy said the planned drilling of the Pine Pasture-3 well at the East Chalkley oilfield, Louisiana, would be delayed until operator Magnum Hunter Resources completes its sale of its interest in the field. Upstream staff 15 November 2010 05:37 GMT Magnum’s decision to delay the drilling was not welcomed by Target with managing […]

Bounty abandons Ubute-1

November 15, 2010 by  
Filed under UPSTREAM

Australia-listed Bounty Oil & Gas said it would plug and abandon the Ubute-1 exploration well on the Utopia Block in ATP 560P, in Queensland’s onshore Eromanga basin. Upstream staff 15 November 2010 04:12 GMT Bounty said electric logs established the presence of thick sands in the Birkhead and Hutton formations displaying reservoir quality sands but […]

Oil price of $100 ‘will not create problems’

November 15, 2010 by  
Filed under UPSTREAM

Iran’s Opec governor said oil prices of $70-$90 per barrel would not hurt the global economy and that up to $100 might not create problems. News wires 15 November 2010 02:09 GMT “Consumers and producers are unanimous that the oil at $70-$90 prices are suitable prices and will not hurt the global economy,” Mohammad Ali […]

Nigeria warns of oil delta action

November 15, 2010 by  
Filed under UPSTREAM

Nigeria’s military has threatened to carry out raids against what it said were camps of criminal gangs in the creeks of the oil-producing Niger Delta and has told civilians in the vicinity to leave. News wires 15 November 2010 02:14 GMT Any major offensive by the armed forces would be the first in the Niger […]

Gazprom makes Algerian find

November 15, 2010 by  
Filed under UPSTREAM

Russian energy giant Gazprom has discovered hydrocarbons in Algeria together with Algeria’s state-owned Sonatrach. Upstream staff 15 November 2010 02:45 GMT Gazprom said it discovered the reserves after a drilling a successful exploration well in El Assel license area in the oil and gas bearing Berkine basin, its first such discovery in North Africa. Gazprom […]

Qatar starts LNG Train 6

November 15, 2010 by  
Filed under UPSTREAM

Qatargas has started liquefied natural gas production on Train 6 as it seeks to reach the Gulf Arab state’s production target of 77 million tonnes per year by mid-December. News wires 15 November 2010 02:25 GMT Train 6, which is part of the Qatargas 3 project, is a joint venture between Qatar Petroleum, US-based ConocoPhillips […]

Correa threatens companies with expulsion

November 15, 2010 by  
Filed under UPSTREAM

Ecuador’s President Rafael Correa has threatened oil companies with expulsion from the Opec member nation if they ignore the “rules of the game” ahead of a deadline to sign new contracts favoring the government. News wires 15 November 2010 02:47 GMT Correa has made similar statements before, but the latest threat comes just ten days […]

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