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April 8, 2014

Cunningham Energy announces new “Dragon’s Breath” Horizontal Well Program

CHARLESTON, W.Va.--(BUSINESS WIRE)--Cunningham Energy LLC has announced plans today for three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia. The newly planned horizontal program will be drilled from the “Dragon’s Breath” pad, consisting of three wells surveyed with a specified measured depth (“MD”) ranging from 4750’ to 5200’ plus feet and vertical depths (“TVD”) of 2150’ plus feet.

All three “Dragon’s Breath” horizontal wells are targeting oil in the Big Injun Sand formation in Union District of Clay County. Cunningham Energy also plans to utilize one of the company’s three Speedstar 185 top drive drilling rigs in conjunction with these new wells. Each well bore on the Dragons Breath Pad has been planned to be completed with multiple frac stages with varying spacing dependent on future wireline data.

“Cunningham Energy is tremendously excited to be involved in horizontal oil development in West Virginia through this newly applied method of shallow horizontal drilling,” said Ryan Cunningham, of Cunningham Energy. “We believe that the future of West Virginia shallow oil and gas development is horizontal drilling and completion for mid-size operators.” Cunningham Energy is currently drilling the Rhino Three Well Horizontal Program in Clay County, West Virginia. The company anticipates spudding the first horizontal Dragon’s Breath well in May of 2014.


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U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market

DUBAI, United Arab Emirates--(BUSINESS WIRE)--North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq. The consortium will serve an international lineup of leading oil and gas companies charged with developing Iraq’s giant oil and gas fields.

This consortium has committed to providing an initial inventory of oil well equipment to launch the effort and plans to expand Iraq’s in-country supply of material when the oil well demand increases. The first shipment of oil well material is expected to arrive in Iraq in early May.

NAWAH, with regional headquarters in Dubai, United Arab Emirates and operational headquarters in Basra, Iraq, is focused on world-class port operations and supply and distribution centers in southern Iraq. U.S. Steel Tubular Products is the largest integrated tubular products producer headquartered in the United States with more than 100 years of experience serving the energy markets. Houston-based MRC Global is the largest global distributor of pipe, valve and fitting products and services to the energy and industrial markets.

“The resonating call for American-made products to support Iraq’s burgeoning oil and gas development efforts led us to this moment,” said Paul Brinkley, NAWAH’s president and CEO. “Together, the strengths each consortium member – U.S. Steel Tubular Products, MRC Global and NAWAH – brings can help Iraq create a market that has not been witnessed in history since Saudi Arabia developed the world’s largest reserves of oil and gas.”

“To play a role in equipping what will potentially be some of the world’s largest petroleum extraction projects, while simultaneously helping Iraq become economically sustainable is an enormous opportunity,” said George Thompson, vice president – tubular commercial for United States Steel Corporation. “We are thrilled to be a part of this historically-significant moment.”

“Leveraging the reputation that U.S. Steel Tubular Products has built globally with its energy tubular products, combined with the expansive portfolio of pipes, valves, fittings and flanges that MRC Global supplies across the globe and NAWAH’s regional and in-country operational expertise, we believe that this consortium can be a successful part of Iraq’s energy infrastructure rebuilding,” said Rory Isaac, MRC Global executive vice president – international operations.

About U.S. Steel Tubular Products

U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, is the largest fully integrated tubular products manufacturer in North America, with total annual production capability of 2.8 million net tons. Energy industry customers utilize U.S. Steel Tubular Products’ casing, tubing, line pipe, connections and couplings to help them locate, retrieve, transport and refine the oil and natural gas products that fuel the world.

About MRC Global Inc.

Headquartered in Houston, Texas, MRC Global, a Fortune 500 company, is the largest global distributor of pipe, valves, and fittings (PVF) and related products and services to the energy industry, based on sales, and supplies these products and services across each of the upstream, midstream and downstream sectors.

About NAWAH

North America Western Asia Holdings is focused on high-return frontier market opportunities. The company is dedicated to the communities it invests in through its strategic, long-term local partnerships, while maintaining rigorous Western standards of transparency and accountability. More information about NAWAH and its port management business can be found at www.nawah.com and www.nawahportmanagement.com.

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August 29, 2013

Technip Awarded Contract for the Development of the Umm Lulu Field in Abu Dhabi

PARIS--(OilAndEnergyNews.com)--Technip, in a consortium led by National Petroleum Construction Company, has been awarded by Abu Dhabi Marine Operating Company the contract for the engineering, procurement and construction work of Umm Lulu Full Field Development project – Package 2 (Process Facilities).

The contract, with an approximate value of US dollars 1.69 billion (Technip share: about 35%), was awarded at the conclusion of a competitive bidding process in which a number of EPC contractors participated.

The contract’s scope of work consists of the detailed engineering, procurement, fabrication, offshore installation, commissioning and start-up of a large offshore super complex comprising of six bridge linked platforms including gathering, separation, gas treatment and water disposal facilities, utilities and accommodation modules, totaling over 66,000 metric tons (with associated jackets, flares, bridges and subsea composite cables). The platforms will be installed by the floatover method developed by Technip, which allows a high proportion of the hook-up and pre-commissioning work to be completed onshore prior to load-out, and thereby significantly reduces both the duration and cost of the offshore commissioning phase.

Technip will be responsible for the engineering of the project and will share the procurement and commissioning works with NPCC. NPCC will be responsible for the fabrication and installation of the facilities. The project is scheduled to be completed in the first half of 2018.

Originally posted at BusinessWire.com

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Clean Energy’s IMW Subsidiary to Supply up to 416 CNG Compressors to China Gas for the Construction of 310 CNG Stations in China

CHILLIWACK, British Columbia--OilAndEnergyNews.com)--IMW Industries, Ltd., a wholly-owned subsidiary of Clean Energy Fuels Corp. (Nasdaq:CLNE), today announced a master purchase contract with China Gas Holdings Ltd. (SEHK:384) to supply up to 416 natural gas compressors and related technologies for the construction of up to 310 public access compressed natural gas (CNG) stations in China. The three-year agreement has a potential value of approximately U.S. $167 million.

“The spirit of China Gas is built on integrity, innovation and cooperation; our agreement today with IMW is an example of this spirit in practice,” said Mr. Liu Ming Hui, executive chairman, managing director and president of China Gas Holdings. “IMW is the world-leader in natural gas vehicle compression technologies and the ideal strategic partner for China Gas as we continue to meet the growing transportation needs of our customers in an environmentally sustainable manner.”

Under the agreement, IMW anticipates supplying a suite of its CleanGAS TechnologyTM products and services, including up to approximately 416 CleanCNG CompressorsTM, 186 dryers, 527 dispensers, and 387,500 liters of buffer storage to China Gas’ joint venture distribution partners for the construction of up to 310 stations. This is in addition to the 124 stations IMW has already equipped in China; all equipment is manufactured at IMW’s facility in Suzhou-Taicang, China.

“China has grasped the potential of natural gas as an alternative to gasoline and diesel fuel and is aggressively building the necessary infrastructure to realize this potential,” said Andrew J. Littlefair, president and CEO of Clean Energy. “In the coming years, China Gas and its partners plan to construct the equivalent of over half of all the public access CNG stations currently available in the United States—significant for our companies and the future of cleaner transportation in China.”

China Gas has secured financing for this transaction from Export Development Canada, which is expected to be utilized throughout the three-year agreement to help purchase the products and services under the purchase contract. An initial $5 million has been utilized for the purchase of 29 CleanCNG Compressors, which are anticipated to be delivered during the fourth quarter of 2013 and used to construct the first 19 stations.

“IMW is proud of the long term partnership we have developed with China Gas and we are eager to build this relationship through our continued support of their growth,” added Brad Miller, president of IMW.

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June 7, 2013

Murphy Oil Reports Well Result Offshore Australia

EL DORADO, Ark.--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE:MUR) announced today, through its wholly owned subsidiary, Murphy Australia WA-408-P Oil Pty Ltd., the well results of the non-operated Bassett West-1 well in the Browse basin offshore Western Australia.

The well encountered over 20 feet of net gas condensate pay. The partnership group will be performing further technical assessment to evaluate the potential for improved reservoir development across this large structure. The accumulation found in this wellbore is non-commercial and the Company expects to expense this well in the second quarter.

Murphy holds a 20% working interest in block WA-408-P. The other joint venture partners are Total E&P Australia (50% Operator) and Santos (30%). The partnership will drill the Dufresne-1 prospect in this block after the Bassett West-1 well is plugged and abandoned.

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