Chaparral exits EOR to focus on STACK

Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.

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Source:: Oil Gas Journal

      

Chaparral exits EOR to focus on STACK

Funding complete for two Nigerian fields

Nigerian National Petroleum Corp. says execution of the final phase of an alternative financing agreement with Chevron Corp. will boost production in Nigeria by 39,000 b/d of oil and 283 MMscfd of natural gas.

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Source:: Oil Gas Journal

      

Funding complete for two Nigerian fields

Baker Hughes: US rig count jumps another 8 units to 915

The US rig count climbed again this week with an 8-unit jump to 915 rigs working during the week ended Nov. 17, data from Baker Hughes indicate. Rigs targeting natural gas in the US gained 8 units to reach 177 while those drilling for oil remained unchanged at 738 units.

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Source:: Oil Gas Journal

      

Baker Hughes: US rig count jumps another 8 units to 915

Premier expects Catcher oil field to come on stream this year

Premier Oil PLC expects to lower its $2.8-billion debt after Catcher oil field in the North Sea comes on stream in December, executives recently said. Premier reported third-quarter earnings included $2.8 billion of debt, but analysts say the London independent oil company could reduce debt to $2.6 billion by Dec. 31.

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Source:: Oil Gas Journal

      

Premier expects Catcher oil field to come on stream this year

ADNOC, CNPC agree to offshore collaboration

Abu Dhabi National Oil Co. (ADNOC) and China National Petroleum Corp. (CNPC) signed an agreement covering potential collaboration, including potential offshore opportunities and the sour gas development projects.

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Source:: Oil Gas Journal

      

ADNOC, CNPC agree to offshore collaboration

ADNOC deals to boost oil output by 380,000 b/d

Abu Dhabi National Oil Co. has advanced two projects that will increase its production by 380,000 b/d of crude oil. In the larger of the projects, the company entered an agreement with partners in supergiant Upper Zakum offshore field to boost production to 1 million b/d from about 650,000 b/d at present.

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Source:: Oil Gas Journal

      

ADNOC deals to boost oil output by 380,000 b/d