Exclusives

Joe Ariyaratnam, Santos, brownfield, Australia, gas, LNG

The company said it is well positioned in northern Australia to develop brownfields.

Schlumberger, Cameron, OneSubsea, merger, Paal Gibsgaard, Jack Moore, oil, gas, services, oilfield

Top executives believe the merger creates growth opportunities that could lead to a common operating system for both the surface and subsurface, while expanding Cameron’s presence worldwide.

As a wave of decommissioning projects approaches, an energy institute says E&Ps have choices on how to approach the task.

UKCS, National Subsea Research Initiative, Centrica, EnQuest, small, pools, hydrocarbons, Industry Technology Facilitator

Operators Centrica and EnQuest are acting as technology champions for this “small pool” push, with workshops to be held in Aberdeen, Newcastle and London to pursue such projects.

OPEC, Iran, sanctions, oil, production, Nigeria, Venezuela

Nigeria and Venezuela are likely to further suffer when Iran ramps up production, but solutions are in the works, according to a recently released report.

Completion

The 5-million pound Mobile Sand silo system was developed to complement the six-silo, 2.5-million pound mobile sand silo system, which has been used in major basins across the U.S. 

In some cases, they are willing to take on the role of traditional lenders, like banks, which have grown reluctant to lend since the price drop that began last summer, or act like producers by taking what are essentially stakes in wells.

EOG Resources, completions, technology, production, second-quarter

Despite making strides in technology and techniques, EOG has not substantially ramped up production. The company’s inventory of uncompleted wells grew to 320.

Further analysis will better determine silica sand distribution, characteristics and deposit size in the Alberta, Canada, land holdings. Next exploration phase includes deeper mechanized drilling and backhoe test pitting. 

proppant, frack sand, consolidation, PacWest, IHS, Samir Nangia

The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.

Drilling

Rigs were added in formations including the Williston Basin, where three were brought online and the Granite Wash, where one was added. Two rigs were removed in the Permian Basin, which has seen a pick-up in recent weeks.

Warro Field is 200 kilometers north of Perth and 30 kilometers from the Dampier Bunbury Natural Gas and Parmelia pipelines. Wells could cost $30 million to $40 million.

Total, an operator of the offshore Han Asparuh 1-21 block along with OMV and Spain's Repsol, had postponed drilling there due to the fall in oil prices, Reuters said.

The worldwide rig count for July 2015 was 2,167, up 31 from the 2,136 counted in June 2015, and down 1,441 from the 3,608 counted in July 2014, Baker Hughes Inc. (NYSE:BHI) said in a news release.

Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.

Enhanced Oil Recovery

GlassPoint Solar, EOR, solar, oil

The oil industry’s demand for energy is growing rapidly, and solar can supply much of that power, GlassPoint Solar CEO Rod MacGregor said.

royalty interests, Cenovus, Encana, Ontario Teacher's Fund, megadeal

The Ontario Teachers’ Pension Plan buys oil and gas royalty company Heritage Royalty for C$3.3 billion to acquire one of the largest royalty, mineral interests in Canada despite down commodity prices. 

Australia-based Elk Petroleum Ltd. is actively exploring the idea of sourcing CO2 from a corn-ethanol plant to feed into its EOR activities in Nebraska.

Data from the EIA’s latest drilling production report projected about 16 MMcf/d will be produced in the Marcellus alone in July, up from about 15 MMcf/d in July 2014.

The project will use 4-D seismic imaging, horizontal drilling and pump technology. Polymer chemical injection technology’s role in maximizing economic recovery of U.K. hydrocarbon reserves will be demonstrated.

Field Development

"For Gullfaks, this gas compression means extended lifetime and an increase in the gas recovery rate from Gullfaks Sør Brent from 62 to 74 percent,” said Astri Fritsen, principal engineer for the NPD.

A consortium headed by ONGC Videsh in 2008 discovered the gas field in the Farsi offshore block but could not obtain the permission to develop it due to Western sanctions against Iran’s nuclear program.

The largest field found in the North Sea in three decades could hold as much as 2.9 billion barrels of oil and has an estimated cost of up to $26.8 billion, of which the first phase is budgeted at $14.2 billion.

Production from Goliat Field, which could hold 174MMbbl of oil, was originally scheduled to start in 2013, and the latest deadline was the end of this summer, Reuters said.

Brazil’s National Petroleum Agency previously made a similar decision with Lula and Cernambi fields and seven other fields in the Parque das Baleias area, all operated by state-owned Petrobras.