Latest News Headlines
Rigzone.com: Latest News Headlines
The latest upstream oil and gas news from around the world.
Devon Restores 30,000 BOEPD Production in GOM
Devon Energy has restored approximately 30,000 oil-equivalent barrels per day of offshore oil and natural gas production in the Gulf of Mexico, where the Company was producing approximately 50,000 boepd prior to Hurricanes Gustav and Ike.
Read moreEl Paso Reports Storm Impact on E&P
El Paso Corporation has provided an update on the effects of Hurricane Ike on its Gulf of Mexico and onshore production.
Read moreLeed Tests Positive at A-7 Well in Eugene Island Field
Leed Petroleum announced that testing on the A-7 well in the Eugene Island field has achieved rates that equate to 4,012 barrels of oil equivalent per day, based on a conversion factor of 1 barrel of oil to 6 thousand cubic feet of gas.
Read moreWellCem to Develop HiTemp Cementing Materials for Total, Petrobras
WellCem entered into an agreement with Petrobras and Total for development of high temperature cementing materials, and all three companies have contracted IRIS to verify and approve WellCem's patented HiTemp materials.
Read more17 Offshore China Blocks Available for E&D with CNOOC
CNOOC has issued information concerning the 17 blocks covering an area of 45,817 km2, which are available for cooperation between CNOOC and foreign companies for exploration and development.
Read moreStatoilHydro Gets Go-Ahead to Drill 2 Wells in Barents Sea
StatoilHydro received consent to conduct exploration drilling of wells 7223/5-1 S and 7223/5-1 A in the Barents Sea using the semisub Polar Pioneer.
Read moreNPD's Role in Seismic Acquisition Process for NCS
NPD advised that permission to carry out surveys on the Norwegian continental shelf can be granted in accordance with an exploration permit or within a production license, cf. Sections 2-1 and 3-3 of the Petroleum Act.
Read moreCOSL Delivers 2 New Vessels for Operation
COSL has delivered two new vessels, COSL561 and COSL601, for operation.
Read moreMMS Cites Less Than Half of Gulf Oil Production Shut-In
MMS reported that as of Friday, October 3, personnel were evacuated from 116 platforms and 1 rig, and approximately 48.2% of Gulf oil production was still shut-in.
Read moreKazMunayGas, ConocoPhillips & Mubadala to Develop Kazakhstan Block
KazMunayGas, ConocoPhillips and Mubadala Development Company signed a MOU to negotiate terms for the exploration and development of the "N" Block, located offshore Kazakhstan.
Read moreEgypt's Daily Oil Output Reaches 700,000 Barrels
Egypt has increased its oil output by 55,000 barrels per day, bringing the country's daily oil production to 700,000 barrels for the first time in 14 years, the official MENA news agency reported.
Read moreOPEC Crude Price Plunges
The price for crude oil produced by OPEC fell by $2.91 last Friday, as global oil prices were pushed down by the financial crisis, the Vienna-based cartel reported on Monday.
Read moreIran Wants More Than $100/Barrel for Oil
A price for a barrel of crude oil that is below $100 is unacceptable, Iranian Oil Minister Gholam Hossein Nozari said.
Read moreCrude Oil Plummets Below $90
Crude oil prices fell more than $4.40, dipping Monday to less than $90 a barrel for the first time since February.
Read moreCNOOC Discovers Oil, Gas at Bozhong Well in Bohai Bay
CNOOC made a discovery at the Bozhong 35-2 well located in Bohai Bay, which tested an average flow rate of 560 barrels of oil per day and 32,000 cubic feet of gas per day.
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