INDUSTRY NEWS

  • Equinor granted drilling permit in North Sea
    on December 10, 2018 at 8:12 pm

    Equinor Energy AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 36/1-3 in production license 885 in the North Sea. The well will be drilled about 40 km east of the Peon discovery using the Transocean Spitsbergen semisubmersible drilling rig. […]

  • Bakken, Guyana earmarked for 75% of Hess’s $2.9-billion budget in 2019
    on December 10, 2018 at 5:08 pm

    Hess Corp. will allocate some 75% of its $2.9-billion 2019 exploration and production capital and expenditure budget to high-return growth assets in the Bakken and in Guyana. Net production is forecast to average 270,000-280,000 boe/d in 2019, excluding Libya, compared with 245,000 boe/d in 2018. Bakken net production is forecast to average 135,000-145,000 boe/d in 2019. […]

  • MARKET WATCH: Crude benchmarks jump more than $1/bbl after OPEC meeting
    on December 10, 2018 at 4:27 pm

    Crude oil benchmarks on the New York and London markets climbed by more than $1/bbl on Dec.7 after the Organization of Petroleum Exporting Countries and a group of 10 non-OPEC countries, led by Russia, agreed to cut production by a total 1.2 million b/d effective Jan. 1, 2019. […]

  • BLM issues proposed final greater sage grouse plan EISs, amendments
    on December 7, 2018 at 7:20 pm

    The US Bureau of Land Management proposed final environmental impact statements and amendments to greater sage grouse habitat management programs in seven western US states. “With today’s action, we have leaned forward to address the various states’ issues, while appropriately ensuring that we will continue to be focused on meaningfully addressing the threats to the greater sage grouse and making efforts to improve its habitat,” Deputy Interior Sec. David Bernardt said in Salt Lake City on Dec. 6. […]

  • Baker Hughes: Canada drops 13 rigs for the week
    on December 7, 2018 at 6:45 pm

    Canada lost 13 rigs for the week ended Dec. 7, according to Baker Hughes data. With 186 rigs running, the count is less than the 219 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 17, bringing the count to 102 rigs for the week. Gas-directed rigs were up 4 to 84 units. […]

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