Drilling

Oil

Shell strikes oil in deep-water Gulf discovery

Source: 
FuelFix

Shell's Kaikias discovery, located some 60 miles off the coast of Louisiana, has about 100 million barrels of oil equivalent, FuelFix reports.

Oil

Bakken output drops in September

Source: 
Bloomberg

For the first time in more than ten years, production has dropped in North Dakota’s Bakken Shale play, which produced less oil in September—1.1 percent less—than it did during the same month in 2014, Bloomberg reports.

Oil

Statoil announces it will exit Alaska offshore exploration

ANCHORAGE, Alaska (AP) — A second major oil company has abandoned plans to drill in the Arctic Ocean off the northwest coast of Alaska.

Statoil announced Tuesday it is giving up 16 of its company-operated leases in the Chukchi Sea. The Norwegian company also is abandoning its stake in 50 Chukchi leases operated by ConocoPhillips.

Ex-billionaire Batista testifies to Brazil parliamentary committee

RIO DE JANEIRO (AP) — Brazil's one-time richest man said Tuesday that errors including an excess of optimism contributed to the downfall of his much-hyped oil, mining, logistics and ship-making empire.

Eike Batista, the flamboyant former billionaire whose meteoric rise and equally spectacular fall has come to symbolize the fate of his nation, was testifying before a parliamentary panel probing the estimated $2.5 billion in loans that Brazil's national development bank made to his portfolio of companies.

Oil

Oil companies continue to seek rights in the Permian

Source: 
Bloomberg

Exxon Mobil bought Permian Basin assets in August and has been negotiating for more, while Anadarko’s move to pick up Apache Corp. was probably Permian-driven, Bloomberg reports.

Oil

North Dakota: Production down, more wells idle in September

Source: 
Reuters

Oil production fell 2 percent in North Dakota in September and the number of idle wells—those drilled but not fracked—has topped 1,000 for the first time, Reuters reports.

Oil

US rig count declines by 4 to 767, but oil rigs up

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 767, oilfield services company Baker Hughes Inc. said Friday.

The Houston-based firm reported that 574 rigs were seeking oil -- an increase of two -- and 193 explored for natural gas -- a drop of six. 

Oil

Drillers in Oklahoma again seek longer nonshale laterals

Source: 
The Oklahoman

Executives from Marathon Oil Corp. and BP Lower Onshore 48 told the Oklahoma Governor’s Energy Conference in separate presentations that state lawmakers should revive the push to extend the permissible length of drilling laterals in nonshale plays, a move that went nowhere in the last legislative session, The Oklahoman reports.

Oil

Latest Noble job cuts involve 180 U.S. positions

Source: 
FuelFix

In the face of continued low oil prices, Noble Energy announced a fresh round of layoffs Tuesday, saying that 180 U.S. jobs will be eliminated, FuelFix reports

Oil

EIA says shale production growth only seen in Permian, Utica

Source: 
FuelFix

Monthly drilling data released by the Energy Information Administration shows production continues to grow in the Permian Basin and the Utica Shale, but has started to decline in other U.S. shale plays, FuelFix reports.

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