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Last updated on April 17, 2014 at 21:23 EDT

Latest Petroleum production Stories

2014-02-03 20:20:22

PG&E Combines Ultrasonic In-Line Inspection Technology with Comprehensive Testing Program SAN FRANCISCO, Feb. 3, 2014 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is undergoing evaluation of another state-of-the-art tool to be used to inspect inside its large natural gas pipelines--the arteries of the system that heats and powers customers' homes and businesses. In an effort to continue growing its stringent inspection program, PG&E recently assessed Line 186 in Dos Palos,...

2014-02-03 16:22:12

HOUSTON and OKLAHOMA CITY, Feb. 3, 2014 /PRNewswire/ -- Enable Midstream Partners, LP (Enable Midstream) announced today that Enable Bakken Crude Services, LLC (EBCS), an indirect, wholly-owned subsidiary of Enable Midstream has commenced a binding open season to gauge market interest in producers making long-term commitments for a new crude oil gathering and transportation pipeline system in the Bakken Shale play in North Dakota. (Logo:...

2014-01-30 12:23:31

Agreement signed by the two companies is aimed at developing new technologies to lower the cost of treating natural gas for LNG production DOHA, Qatar, Jan. 30, 2014 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has signed a joint research and development agreement with Qatar Petroleum (QP) to develop new ways to cost effectively treat natural gas for the production of Liquefied Natural Gas, or LNG. Under the agreement, the two companies will...

2014-01-30 08:24:10

CALGARY, Jan. 30, 2014 /CNW/ - Packers Plus Energy Services Inc., the innovator of open hole multi-stage completions systems, has completed the acquisition of Texas-based companies Eagle Downhole Solutions, LLC (majority position) and CMC Machine Works, LLC. Dan Themig, President and CEO of Packers Plus said, "these strategic acquisitions will allow Packers Plus to diversify our product offering for our clients and position us for accelerated growth in the United States and...

2014-01-30 08:23:15

HOUSTON, Jan. 30, 2014 /PRNewswire/ -- Valerus (www.valerus.com), a subsidiary of Kentz Corporation Limited (LSE: KENZ) (www.kentz.com), the holding company of the Kentz engineering and construction group, is pleased to announce it has been recently awarded a US$62m contract by Crestwood Midstream Partners LP (www.crestwoodlp.com) to provide engineering, procurement, construction and commissioning of two compressor stations. (Logo:...

2014-01-29 20:21:41

HOUSTON, Jan. 29, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today reported that its subsidiary, Northern Offshore U.K. Ltd., has received notice that Wintershall Noordzee B.V. ("Wintershall") is exercising the first of two six-month options for the jackup Energy Endeavour. The commencement date of the option period will be in direct continuation following the end of the well in progress on May 1, 2014, which commits the Energy Endeavour to Wintershall for...

2014-01-29 16:23:53

AMSTERDAM, Jan. 29, 2014 /PRNewswire/ -- In the fourth quarter of 2013, Core Laboratories N.V. (NYSE: "CLB US" and NYSE Euronext: "CLB NA") was added to the Philadelphia Oil Service Sector Index, better known as the OSX, and posted the most profitable quarter in Company history. The record results were driven primarily by the introduction of new technology and related services, especially by the Company's Production Enhancement operations. This marked the fifth consecutive quarter...

2014-01-29 16:23:36

WAYZATA, Minn. , Jan. 29, 2014 /PRNewswire/ -- Northern Oil and Gas, Inc. ("Northern") (NYSE MKT: NOG) is providing a production and operations update for the quarter ended December 31, 2013. PRODUCTION AND OPERATIONS UPDATENorthern's fourth quarter 2013 production is expected to average approximately 13,900 barrels of oil equivalent (Boe) per day. This represents an increase of 28% compared to the fourth quarter of 2012, and a sequential increase of 6.5% compared to the third...

2014-01-29 16:23:23

DENVER, Jan. 29, 2014 /PRNewswire/ -- -- Capital budget for 2014 is $2.6 billion including $1.8 billion for drilling and completion, $600 million for expanding midstream facilities and $200 million for core leasehold acreage acquisitions -- Net daily production for 2014 is projected to average 925 to 975 MMcfe/d, a 75% to 85% increase over estimated 2013 average net daily production -- Net daily liquids production for 2014 is projected to...

2014-01-29 12:22:38

HAMILTON, Bermuda, Jan. 29, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) announced today plans to appoint Mr. William Restrepo as Chief Financial Officer (CFO) following his upcoming departure from Pacific Drilling S.A. (NYSE: PACD). "Nabors has been seeking to fill the CFO role with someone possessing financial management and operational skills and experience who can meaningfully add to our senior management team. We believe William Restrepo is that person. He brings...