Giftelyon Multi-Sevices Int'l Ltd: October 2014

Giftelyon Multi-Sevices Int'l Ltd

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Friday, 31 October 2014

Petrofac achieves UK first with onshore oil spill training

ABERDEEN, United Kingdom -- Petrofac Training Services (PTS) is responding to the industry’s onshore environmental training needs by developing two new courses to tackle onshore oil spills -- one of which has achieved a UK first.

ENI Norway signs agreement with Eureka

ENI Norway signs agreement with Eureka SANDNES, Norway ENI Norway has entered into an agreement with Eureka Pumps AS at Goliat platform, the first oil field in the Barents Sea. Eureka will support ENI Norway concerning the overhaul and repair

SPE 2014: Intelligent water management solution relies on oxidation technology

SPE 2014 Intelligent water management solution relies on oxidation technology AMSTERDAM— Nalco Champion has launched the RenewIQ line of oilfield water reuse solutions to help operators reduce freshwater consumption and associated handling costs, from sourcing to disposal. This new comprehensive

SPE 2014: New well integrity service helps evaluate zonal isolation

SPE 2014 New well integrity service helps evaluate zonal isolation after cementing AMSTERDAM—Schlumberger has released the Invizion Evaluation well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data. “One key component in

SPE 2014: Hybrid HPHT gauge technology advances extreme-service applications

SPE 2014 Hybrid HPHT gauge technology advances extreme service applications AMSTERDAM – Weatherford International has announced the availability of its xQuartzPT gauge for extreme service subsea and downhole applications. Continuous acquisition of real time pressure and temperature data is critical

BHP Billiton may sell Fayetteville shale assets in Arkansas

BHP Billiton Ltd., the world’s biggest mining company, may sell its Fayetteville shale gas assets in Arkansas as it looks to balance its holdings in oil and natural gas.

Continental Resources enters JV to develop Northwest Cana Woodford shale

OKLAHOMA CITY, Oklahoma -- Continental Resources has formed a JV with a wholly owned U.S. subsidiary of SK E&S Co. Ltd to jointly develop a significant portion of Continental' s Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Oklahoma.

Continental completes new Springer oil wells in Oklahoma's SCOOP play

OKLAHOMA CITY, Oklahoma -- Continental Resources has reported continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP). "Four new wells further confirm the repeatability and growth potential of Continental' s new discovery, the Springer play in SCOOP," said Harold G. Hamm, Chairman and CEO. "These individual delineation wells in the play are generating excellent returns, with shallow decline rates compared to other unconventional resource plays. We expect to realize even stronger well economics as development drilling gets under way utilizing extended laterals, pad drilling, and other drilling and completion efficiencies."

Tullow Oil reports Kenyan drilling results

LONDON -- Tullow Oil has announced the results of a series of recent exploration and appraisal activities conducted in blocks 10BB and 13T onshore Kenya. The Kodos-1 exploration wildcat in Block 10BB is the first well drilled in the Kerio basin, northeast of the successful South Lokichar basin. Hydrocarbon shows were encountered in Kodos-1, which indicates the presence of an active petroleum system. However, reservoirs were mixed quality alluvial sands close to the basin boundary fault at this well location.

Chariot relinquishes Namibia exploration license

LONDON -- Chariot Oil & Gas has opted not to apply for a new exploration license in the Northern Blocks 1811A&B, offshore Namibia, with the current license due to lapse on Oct. 26. Chariot analyzed significant amounts of proprietary seismic and well data, as well as integrated information from third party drilling activity to study the possibility for long range hydrocarbon migration to the Zamba prospect.

Oil producers cluster wells in classic push to extend boom

HOUSTON (Bloomberg) -- U.S. shale producers are cramming more wells into the juiciest spots of their oilfields in a move that may help keep the drilling boom going as prices plunge. The technique known as downspacing aims to pull more oil at less cost from each field, allowing companies to boost profit, attract more investment and arrange needed loans to continue drilling. Energy companies see closely-packed wells as their best chance to add billions more barrels of oil to U.S. production that’s already the highest in a quarter century.

ASCO Numatics introduces 364 series spool valve for onshore and offshore industry

ASCO Numatics introduces 364 series spool valve, onshore and offshore FLORHAM PARK, New Jersey ASCO Numatics has introduced its ASCO 364 series spool valve, for control panel applications, in the onshore and offshore oil and gas industry. The new valve

G.E. launches internet solutions portfolio and Kuala Lumpur diagnostic center

G.E. has launched its Predictivity portfolio of industrial internet solutions to help customers across major industries in the Asia Pacific region.

Mexico to offer shallow-water licenses

Mexico, which reformed its hydrocarbon law at the end of 2013, will begin the prequalification process for shallow-water bids in the first-half of November, according to officials with Mexico’s energy department.

Unconventional oil, gas operators can cut costs by better managing above-ground operations

HOUSTON -- Oil and gas operators can reduce the costs of constructing, drilling and completing unconventional wells, as well as the overall time it takes to complete them, by up to 40% through better planning and management of logistics, contractors and materials, according to a new Accenture report.

President Energy surges after finding Paraguay’s first oil

LONDON (Bloomberg) -- President Energy Plc, a UK exploration company, made Paraguay’s first oil discovery, sending its shares surging by the most in eight years in London. The discovery of light oil in the Lapacho well is expected to have commercial potential with first production slated for next year, the London-based company said in a statement Oct. 20.

Texas roughnecks overrun the Best Western as oil rout unnoticed

Texas roughnecks overrun the best western as oil rout unnoticed DAN MURTAUGH CUERO, Texas (Bloomberg) From her little vantage point in Cuero, Texas, of the U.S. shale oil boom, Jill Potts doesn’t see anything to worry about. Yeah, she’s heard

Oil rigs slump by most in two months after prices slide

Rigs targeting oil in the U.S. fell by the most in two months as producers curbed drilling following the biggest price rout since 2012.

DNV GL calls for industry collaboration to quantify fracing risk

HØVIK, Norway -- To address widespread concerns about fracing risks, particularly related to contamination of groundwater, DNV GL has invited industry and other stakeholders to a joint industry project (JIP). The aim is to collect data, develop and validate quantitative risk assessment methodologies and outline risk management strategies that can be widely accepted by all relevant parties.

Chesapeake sells Marcellus, Utica assets for $5.375 billion

OKLAHOMA CITY, Oklahoma -- Chesapeake Energy Corporation is to sell assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Virginia to Southwestern Energy Company for $5.375 billion. The transaction is expected to close in fourth-quarter 2014.

Wellhead platform jacket contract awarded for Culzean project

Wellhead platform jacket contract awarded for Culzean project STAVANGER, Norway Maersk Oil North Sea UK (Maersk Oil UK), operator of the Culzean development in the North Sea, has awarded a contract for the engineering,procurement and construction (EPC) of the project' s

OPEC finding U.S. shale harder to crack as rout deepens

PARIS (Bloomberg) -- OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. As producers become more efficient, that floor is sinking. The Organization of Petroleum Exporting Countries boosted output by the most in 13 months in September, even as crude plunged into a bear market and demand growth weakens to a five-year low, according to the International Energy Agency. Saudi Arabia and Kuwait, the largest and third-largest members of OPEC, indicated the price slump doesn’t warrant immediate production cuts, the IEA said.

PDC Energy closes sale of Marcellus assets

DENVER, Colorado -- PDC Energy has closed the sale of its 50% interest in PDC Mountaineer (PDCM), a Marcellus JV, for $250 million.

TGS wins two new onshore 3D seismic survey contracts in Oklahoma

TGS wins two new onshore 3D seismic survey contracts in Oklahoma HOUSTON TGS reported two new multi client onshore 3D surveys, Blanchard and Loyal, located within the Anadarko Basin in Oklahoma. Blanchard 3D spans approximately 433 sq miles over Grady

Gazprom Neft expands resource base in Russia’s Orenburg region

ST. PETERSBURG, Russia -- Gazprom Neft Orenburg, a subsidiary of Gazprom Neft, has completed the 100% acquisition of OOO Yugra-Intek, which has a license to search, explore and produce oil in the Kuvaisky licensing area in the Orenburg region, Russia. Seismological surveys have already been conducted on the block, which covers an area of 140 sq km.

Exterran, Xplorer to develop new SCOOP shale gas processing project

HOUSTON -- Exterran has signed an agreement with Woodford Express, a subsidiary of Xplorer Midstream, for a major natural gas processing project designed to provide 210 MMcfd of natural gas processing capacity, the companies announced this week. The new project will be located at Woodford’s Grady County natural gas processing facility, which is in the emerging South Central Oklahoma Oil Province (SCOOP) shale play.

ARM to build Bakken, Three Forks crude oil gathering system

ARM Midstream will build a crude oil gathering system in North Dakota that will serve the Bakken shale and Three Forks formation.

Targa to buy two Atlas partnerships for $5.87 billion

Targa Resources Corp. and the partnership it controls has agreed to buy Atlas Pipeline Partners LP and Atlas Energy LP for about $5.87 billion, adding to its ability to process, ship and export booming U.S. natural gas output.

INEOS acquires majority interest in shale gas licence (PEDL 162) in Scotland from Reach CSG

INEOS acquires majority interest in shale gas licence (PEDL 162) in Scotland from Reach CSG SWITZERLAND INEOS Upstream has signed an agreement with Reach Coal Seam Gas (Reach CSG) to acquire an (80%) interest in Petroleum Exploration and Development Licence

NuDevco buys crude oil logistics site to service Permian basin

HOUSTON -- NuDevco Midstream Development, sponsor of Marlin Midstream Partners, LP, a Delaware limited partnership, has purchased land in Eunice, New Mexico, to develop a crude oil terminalling site. Financial terms of the transaction were not disclosed.

Petrofac secures two major contracts

Petrofac secures two major contracts LONDON Petrofac’s Offshore Projects & Operations business unit has been awarded two major reimbursable contracts in the UKCS and the Middle East. In the Central North Sea, Petrofac has been selected to provide engineering and

Rose Petroleum acquires SEP-Cisco Dome's Utah assets for $1.5 million

Rose Petroleum has acquired SEP-Cisco Dome’s Uinta Basin assets in Utah for $1.5 million.

McClendon said to weigh bid for Freeport’s California assets

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Aubrey McClendon, the oil and gas wildcatter ousted from Chesapeake Energy Corp. last year, is exploring a purchase of Freeport-McMoRan Inc.’s operations in California for up to $5 billion, people with knowledge of the matter said. McClendon’s American Energy Partners LP has been seeking to raise capital to fund the potential deal, said the people, who asked not to be identified because the matter is not public. American Energy, which has raised $13 billion since it was started last April, would fold the assets into a newly created operating unit, the people said.

U.S. shale boom tested as sub-$90 oil threatens drillers

NEW YORK (Bloomberg) -- The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling. Domestic fields will add an unprecedented 1.1 MMbopd of output this year and another 963,000 in 2015, raising production to the most since 1970, according to the U.S. Energy Information Administration. The Energy Department’s statistical arm forecasts consumption will shrink 0.2% to 18.9 MMbopd this year, the lowest since 2012.

Drillmec introducing fully automated drilling rig with 50% reduced footprint

Drillmec introducing fully automated drilling rig with 50% reduced footprint HOUSTON Based on the experience of the HH Series rigs and their field results, Drillmec has developed a new generation of fully automated drilling rigs, named “AHEAD”(Advanced Hydraulic Electrical Automated

Shell starts oil production from Gumusut-Kakap deepwater platform in Malaysia

Shell starts oil production from Gumusut Kakap deepwater platform in Malaysia THE HAGUE, Netherlands The Gumusut Kakap field is located in waters up to 1,200 m deep. The platform is expected to reach an annual peak oil production of around

Emerson Exchange ’14: Carrizo deploys wellpad monitoring for Eagle Ford wells

Emerson Exchange ’14 Carrizo deploys wellpad monitoring for Eagle Ford wells ORLANDO, Florida – While the vast majority of downstream facilities and offshore upstream facilities are automated through sensors and communication networks, this technology is only recently making an impact

Shell, WellDog collaborate to commercialize shale gas testing service

LARAMIE, Wyoming -- Shell International Exploration & Production and WellDog Pty Ltd have collaborated over the past eighteen months to develop a new technical service for locating natural gas and natural gas liquids in shale formations. The announcement follows a laboratory and field development program undertaken by the two companies, leveraging WellDog' s patented downhole Raman spectroscopy technology and Shell' s geochemical and petrophysical experience in shale gas evaluation.

New pipelines adding supply threaten U.S. Gulf crude oil premium

DALLAS, Texas (Bloomberg) -- U.S. Gulf crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region. Enbridge Inc., Enterprise Products Partners LP and Plains All American Pipeline LP plan to start bringing oil from Canada, North Dakota and West Texas by the end of the year. That’s likely to push Light Louisiana Sweet, the benchmark for low-density, low-sulfur oil on the Gulf Coast, below Dated Brent, according to Turner, Mason & Co. It’s been at a premium since Sept. 22.

Keystone decision won’t slow other Canada pipelines, lobby head says

OTTAWA, Ontario (Bloomberg) -- Canada’s pipeline construction won’t be derailed by the lengthy U.S. review of TransCanada Corp.’s Keystone XL conduit, the head of the industry’s lobby group said. “The trade relationship in energy between Canada and the U.S. will continue to be strong and important in both directions” even if Keystone’s expansion is rejected, Canadian Energy Pipeline Association President Brenda Kenny said in an interview Oct. 6 in Bloomberg’s Ottawa newsroom.

TGS to conduct multi-client surveys in the Duvernay

ASKER, Norway -- TGS, through its wholly-owned subsidiary Arcis Seismic Solutions, is to conduct three new 3D-3C multi-client surveys covering 580 sq km. The surveys, collectively titled Kaybob-Bigstone 3D, are located in West Central Alberta near Fox Creek and will expand TGS' existing coverage along the Duvernay fairway.

Exxon details risk management practices for unconventional resources

IRVING, Texas -- Exxon Mobil has released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing.

Chevron sells stake in Duvernay shale to Kuwait for $1.5 billion

SAN RAMON, California (Bloomberg) -- Chevron Corp. sold a 30% stake of a venture to produce from Canada’s Duvernay shale to a company owned by Kuwait for $1.5 billion. Chevron, the second-largest U.S. oil and gas producer, said the deal was consistent with a policy of bringing in partners to manage capital commitments across global production projects. Kuwait Foreign Petroleum Co.’s purchase price includes cash and an agreement to contribute to the venture’s capital costs.

Chevron sells stake in Duvernay shale to Kuwait for $1.5 billion

Subsea 7 awarded contract in the Ivory Coast

Subsea 7 awarded contract in the Ivory Coast LUXEMBOURG Subsea 7 has been awarded a contract in the Ivory Coast by CNR International (Cote d’Ivoire) SARL (CNR International) in support of its Baobab Field Phase III development. The scope of

U.S. rigs fall 9 to 1,922, Baker Hughes says

U.S. rigs fall 9 to 1,922, Baker Hughes says LYNN DOAN and RICHARD STUBBE HOUSTON (Bloomberg) -- Rigs targeting oil and natural gas in the U.S. declined by nine to 1,922, according to Baker Hughes Inc. Oil rigs dropped by one to 1,591, data posted on the company’s website show. The gas count fell by eight to

LINN Energy sells $2.3 billion of assets to fund Devon buy

HOUSTON -- LINN Energy has signed a definitive agreement to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd., for a contract price of $1.95 billion. LINN has also signed a definitive agreement with Fleur de Lis Energy, LLC to sell its Wolfberry positions in Ector and Midland counties in the Permian basin for a contract price of $350 million.

Anadarko, EOG strike deal with New York AG on fracing data

NEW YORK (Bloomberg) -- Anadarko Petroleum Corp. and EOG Resources Inc. will disclose to investors the financial risks of fracing as part of a deal with New York Attorney General Eric Schneiderman. The companies agreed to provide publicly accessible information on the financial effects of regulation, litigation and environmental impacts of their hydraulic fracturing businesses, Schneiderman said in a statement Oct. 3.

New technology cuts fracing site emissions by 99%

HOUSTON -- U.S. Well Services has unveiled results from its newly patented Clean Fleet technology. The hydraulic fracturing technology, recently implemented by Antero Resources, has demonstrated dramatic environmental gains as well as significant cost savings for oil and gas exploration companies.

Blackmer sliding vane pumps feature operational advantages required for shale oil

GRAND RAPIDS, Michigan -- Blackmer, a provider of positive displacement and centrifugal pumps, and reciprocating compressor technologies, has announced that its XL, TX and SGL Series Sliding Vane Pumps provide numerous design and energy efficiency advantages that are ideal for operators in the shale oil industry.

Baker Hughes discloses all chemicals used in frac fluids

HOUSTON -- Baker Hughes has implemented a new policy of disclosing 100% of the chemistry contained within its hydraulic fracturing fluid systems, without the use of any trade secret designations.

BP Oman awards $730 million-plus in drilling contracts

MUSCAT, Oman -- BP Oman has awarded two long-term drilling contracts for the Khazzan project in Block 61. KCA Deutag has been awarded more than $400 million worth of contracts for the construction and operation of five new build land rigs for Khazzan. The rigs are being assembled in Nizwa to help maximize employment opportunities in Oman.

Gazprom Neft assessing Russian shale oil deposits

ST. PETERSBURG, Russia -- Gazpromneft-Khantos has started drilling the first horizontal well to explore the Bazhenov complex of the Palyanovsky deposit at the Krasnoleninsky field. And work on a second Gazprom Neft project for developing shale oil deposits continues to take place at the Bazhenov-Abalak formation of the Southern-Priobskoye field.

Gulf Keystone staff return to Iraqi Kurdistan to increase output

HAMILTON, Bermuda -- Gulf Keystone Petroleum has returned all key foreign staff to Iraqi Kurdistan as it seeks to boost oil production in the region. Gulf Keystone remains focused on achieving its target of 40,000 bopd of production capacity from the Shaikan production facilities (PF-1 and PF-2) in line with the company’s half year report schedule published on Aug. 28, the company said in a statement Oct. 1.

Pertamina buys part of Murphy Malaysia stake for $2 billion

Pertamina buys part of Murphy Malaysia stake for $2 billion JIM POLSON JAKARTA, Indonesia (Bloomberg) Pertamina agreed to buy a 30% stake in Murphy Oil’s oil and natural gas assets in Malaysia for $2 billion in cash. Closing with the

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