Drilling

Oil

BOEM sets Gulf lease auction for March

Source: 
FuelFix

The Bureau of Ocean Energy Management announced it plans to make available 43.5 million acres in the central Gulf of Mexico at a March 18 oil and gas lease sale, FuelFix reports.

Oil

U.S. crude production highest since 1985 last week, EIA says

Source: 
Bloomberg

Energy Information Administration data revealed that U.S. crude oil production hit 8.95 million barrels a day last week, the highest output recorded since June 1985, Bloomberg reports.

Oil

EIA: Eagle Ford output to climb 42 percent on year in November

Source: 
FuelFix

The Energy Information Administration says Texas' Eagle Ford formation is on track to produce 1.61 million barrels of oil per day next month, up 42 percent from last year, FuelFix reports.

Oil

Exxon, Shell emissions up despite lower output

Source: 
The Wall Street Journal

Though both Royal Dutch Shell and Exxon Mobil Corp. saw lower oil and gas output, their greenhouse gas emissions rose 10 percent since 2011 due to fuel-intensive production projects, The Wall Street Journal reports.

Oil

Documents show Interior IG scrutinized BP for royalty payments

Source: 
E&E

Documents released to E&E under the Freedom of Information Act reveal that the Interior Department's inspector general investigated BP America from December 2008 to April 2011 for allegedly underpaying millions in royalty fees at sites in Wyoming; BP was found not in violation, though the reports were not made public.

Oil

General Electric plans helicopter leasing buy for energy services

Source: 
FuelFix

General Electric announced intentions to acquire an Irish helicopter leasing firm for $1.78 billion, with plans to use the fleet of 168 to transport crews to offshore oil and gas platforms and mining sites, FuelFix reports.

Oil

Falling prices may press Bakken drillers to temper 2015 plans

Source: 
Bloomberg

The recent decline in crude oil prices is putting pressure on some oil producers working the Bakken shale to curb their drilling plans for 2015, as the extraction process requires prices between $70 and $80 per barrel to make target returns, Bloomberg reports.

Oil

Pemex confident on new deep water Gulf discovery by year's end

Source: 
Bloomberg

A top exploration official for Petroleos Mexicanos expressed confidence that the company would make a significant crude oil discovery at its Vasto-1 ultra-deep exploratory well in the Gulf of Mexico by the end of the year, citing "evidence of hydrocarbon content," Bloomberg reports.

Oil

Texas firm working in North Sea seeks bankruptcy protection

Source: 
FuelFix

Houston-based Endeavour International, an oil and gas firm operating in the North Sea, filed for Chapter 11 bankruptcy protection, citing operating issues and natural disasters in British waters, FuelFix reports.

Oil

US rig count up 8 to 1,930

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,930, according to oilfield services company Baker Hughes Inc.

The Houston firm said Friday in its weekly report that 1,609 rigs were exploring for oil and 320 for gas. One was listed as miscellaneous. A year ago there were 1,743 active rigs.

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