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Month: July 2019

99 years ago the Texas Company found the Permian Basin

July 19, 2019
| Archives

The Permian Basin made headlines in 1920 when a West Texas well found oil about 2,750 feet deep. The W.H. Abrams No. 1 well was named for Texas & Pacific Railway official William Abrams, who owned the land and had leased mineral rights to the Texas Company (later Texaco). After “shooting†the well with nitroglycerine, a column of oil announced discovery of the West

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No bids at B.C.’s July oil and gas sale

July 19, 2019
| Archives

There was no interest from industry in the lone oil and gas lease up for grabs at the provincial land sale this month. The 264-hectare lease in the Cecil Lake area went unsold at the July 17 sale. It’s the third month this year the province has failed to realize returns at its monthly auction of Crown petroleum

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Vedanta to invest $650 million in new oil and gas blocks

July 19, 2019
| Archives

Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government’s last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on Tuesday in New Delhi. It had won a total of 53 oil and gas

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GOM region wide lease of 77.8 million acres set for August

July 19, 2019
| Archives

U.S. Secretary of the Interior David Bernhardt today announced that the Bureau of Ocean Energy Management (BOEM) will offer 77.8 million acres for a region-wide lease sale scheduled for Aug. 21, 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico. “The Trump administration is laser focused on developing our domestic

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Seadrill lands one well gig for the West Polaris

July 18, 2019
| Archives

Seadrill Partners has secured a one well contract with PC Gabon Upstream S.A. for the West Polaris to work offshore Gabon. Backlog is expected to be approximately $22 million excluding mobilization fees with commencement expected in September 2019 and running to the end of 2019. Source: Seadrill Check out our other current stories! Seadrill grabs multi-well contract for the

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Seadrill grabs multi-well contract for the West Gemini

July 18, 2019
| Archives

Seadrill Limited has secured a nine well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020. Client is unnamed at this time Source:

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U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

July 16, 2019
| Archives

U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day (bpd) of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000

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17% of Jobs in Texas are Supported by Oil and Gas

July 16, 2019
| Archives

The booming oil and gas industry in Texas now supports about 17 percent of jobs in the state, either directly or indirectly, according to a new economic analysis. The research published this week by the Waco-based Perryman Group indicates that oil and gas production in the state has increased fivefold since 2010 as shale-extraction techniques have improved, lowering

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Popular News – Top 5 from this past week!

July 16, 2019
| Weekly Rundown

Below are our top 5 articles for the week of July 8 – July 14! #1 with 434 views Shelf Drilling announces 3 contract extensions #2 with 325 views Odfjell bags a contract with TOTAL for the Deepsea Stavanger #3 with 242 views Karoon and Constellation Negotiate on Deepwater Drillship for Peru #4 with 130 views Constellation bags a two year contract with Petrobras

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