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Latest Petroleum production Stories

2014-10-21 00:20:43

SINGAPORE, October 21, 2014 /PRNewswire/ -- Asian spot prices fell in the first half of October as the region struggled to absorb abundant supply of liquefied natural gas (LNG) from the Pacific basin amid weak demand fundamentals. Falling crude oil prices also weighed on the near curve, as buyers anticipated lower contractual rates later in the winter. The ICIS November '14 East Asia Index (EAX) was assessed at $13.950/MMBtu on 15 October, having shed $0.775/MMBtu from...

2014-10-20 20:23:30

HOUSTON, Oct. 20, 2014 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its monthly report of drilling rig status and contract information has been updated as of October 20, 2014. The report titled "Monthly Fleet Status Report" can be found on the Company's website at www.rowancompanies.com. Logo - http://photos.prnewswire.com/prnh/20120827/DA62568LOGO Notable events in the current report include: -- Rowan Resolute: Commenced operations...

2014-10-20 20:22:17

LONDON, Oct. 20, 2014 /PRNewswire/ -- Prospects for Leading Companies in LNG FPSO & FSRU Report DetailsTraditionally, LNG facilities have been built onshore, but this has become increasingly expensive in recent years, leading to the development of more cost effective solutions such as FLNG. The global market for floating liquefied natural gas (FLNG) can be divided into two distinct areas: LNG FPSOs (Liquefied Natural Gas Floating Production Storage and Offloading Vessels) and...

2014-10-16 16:25:01

Drilling Follows Successful Installation of Two New Offshore Production Platforms HOUSTON, Oct. 16, 2014 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block. The development drilling campaign follows the recent on-schedule installation of the Etame platform and the Southeast Etame/North Tchibala ("SEENT") platform. All work on this project was accomplished without a safety or...

2014-10-16 08:24:22

HOUSTON, Oct. 16, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area. FMC Technologies' scope of supply consists of subsea equipment including manifolds and associated connections and controls equipment, wellhead systems, subsea tie back connection equipment and a subsea production tree. "FMC Technologies is pleased to be...

2014-10-15 16:23:35

LONDON, Oct. 15, 2014 /PRNewswire/ -- Prospects for Top Companies in Thermal, Gas and Chemical Production Report DetailsEnhanced oil recovery (EOR) technologies are used to increase the amount of oil that can be extracted from an oil field after the primary and secondary production stages. The technologies play on the physics of how oil is trapped in the rocks and are primarily aimed at either decreasing the interfacial forces holding the oil in pores within the rock formation,...

2014-10-15 12:24:08

Aggregate purchase price of $500 million PITTSBURGH, Oct. 15, 2014 /PRNewswire/ -- Mountaineer Keystone Energy, LLC ("Mountaineer Keystone" or the "Company"), a portfolio company of First Reserve, the largest private equity firm exclusively focused on energy, today announced that it has completed the acquisition of the equity interests in PDC Mountaineer LLC ("PDCM"), a Marcellus Joint Venture ("JV") between PDC Energy, Inc. and Lime Rock Partners LLC, with an effective date of...

2014-10-14 20:20:50

HOUSTON, Oct. 14, 2014 /PRNewswire/ -- Paragon Offshore plc ("Paragon") (NYSE: PGN) announced today that it plans to report financial results for the third quarter 2014 on Monday, November 10, 2014, after the close of trading on the New York Stock Exchange. Copies of Paragon's earnings release will be available on its website at www.paragonoffshore.com. Paragon also has scheduled a teleconference and webcast related to its third quarter 2014 results on Tuesday, November 11, 2014, at...

2014-10-14 16:22:50

LONDON, Oct. 14, 2014 /PRNewswire/ -- Use this report to:- Identify reasons behind re-evaluating water as a strategic element in the value chain as seen by oil and gas companies.- Learn about treatment technologies which includes performance data as well as capital and operating-cost information.- Gain information on the role of government in support of global markets, including regulatory support, government requirements and promotional incentives for varioustechnologies....

2014-10-14 08:25:19

According to the EY Oil & Gas Center's Energy Executive Insight Session HOUSTON, Oct. 14, 2014 /PRNewswire/ -- For US producers, shale success amid lower oil prices is increasingly dependent on the basin and operator, panelists explained during EY Oil & Gas Center's Energy Executive Insight Session (EEIS) on Thursday, 9 October, in Houston. In the longer term, continued improvements in technology, cost efficiency and productivity will drive shale sustainability and economic...


Word of the Day
barghest
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).
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