Well Design News

 

Sinopec Gets Weirong Green Light

Nov 19, 2019

China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field in the southwestern province of Sichuan, the refiner said on Tuesday.The company plans to build 166 wells at the gas field with total production capacity of 3 billion cubic meters (bcm) each year.The first phase of construction is underway, with two testing wells reaching daily output of 313…

Woodside Sees Reserve Base Tripling

Nov 19, 2019

Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3…

Weatherford Wins Russia Contracts

Oct 31, 2019

Oilfield services firm Weatherford announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia.The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022…

Into a New Era of Organizational Memory

Oct 29, 2019

Jim Stuart, SVP Digital at Lloyd’s Register, outlines current and future challenges for asset owners and operators in the energy and marine industries across Asia-Pacific (APAC) and how technology will change the way knowledge is captured, stored and used across organizations for the better…

Oil Steady as Russia Commits to Output Cuts

Oct 28, 2019

Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT…

Conrad Reports Well Issues in Indonesia

Oct 25, 2019

Conrad Petroleum said it encountered problems while conducting testing at its Tambak 2 appraisal well on the Mako gas field offshore Indonesia.Conrad, operator of Duyung PSC, said it had successfully drilled the Tambak-2 well on October 15. Later…

Zhanjiang Refinery Launches Mainstream Gas Pipeline

Oct 24, 2019

Sinopec's Zhanjiang integrated refinery complex in Guangdong has launched its main gas transmission pipeline, the Chinese company said in a statement on Thursday.The refinery, which was set up jointly by Sinopec and Kuwait Petroleum Corp in 2011…

CNOOC Q3 Capital Spending Surges

Oct 24, 2019

CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…

CNOOC Says Production Not Affected by Sanctions

Oct 24, 2019

CNOOC, China's largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.'(The sanctions) will have some impact on our…

Schlumberger Profit Beats Estimates

Oct 18, 2019

Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America…

China Hosts Deep-Sea Exploration Contractors Meet

Oct 15, 2019

The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered…

Interra Resources Spuds First Well in Kuala Pambuang Block

Oct 07, 2019

Southeast Asian independent oil and gas exploration and production player Interra Resources said has started drilling its first onshore well in the onshore/offshore Kuala Pambuang block, in southern Central Kalimantan, Indonesia, where seismic…

Saipem Wins BP Azerbaijan Job

Oct 04, 2019

Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s…

PTTEP, Halliburton Ink Automation Deal

Oct 01, 2019

PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…

Oil Freight Rates Rocket After U.S. Sanctions COSCO

Sep 27, 2019

Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…

Current News

Sinopec Gets Weirong Green Light

Sinopec Gets Weirong Green Light

Woodside Sees Reserve Base Tripling

Woodside Sees Reserve Base Tripling

Wintermar Charters PSV Duo in Indonesia

Wintermar Charters PSV Duo in Indonesia

Gas Explosion Kills 7 in Bangladesh

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

China Expects Balanced Energy Supply/Demand

China Expects Balanced Energy Supply/Demand

India to Invite Foreign Investment in State-owned Oil Companies

India to Invite Foreign Investment in State-owned Oil Companies

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