Ring Energy, Inc. (NYSE MKT: REI) today announced its operations update for the second quarter of 2016. In the three months ended June 30, 2016, the Company drilled and completed two new vertical development wells and refraced two existing wells on Ring's Central Basin Platform asset, as well as drilled one new vertical well on its Delaware Basin property.
As of June 30, 2016 the well had not been completed. In addition, the Company continued upgrades to its gas gathering system and began the infrastructure necessary for the Company's three well horizontal drilling program scheduled to begin in early August.
As a result, net production for the second quarter of 2016 was approximately 191,000 BOEs (Barrel of Oil Equivalent), as compared to net production of 177,650 BOEs for the same quarter in 2015, a 7.5% increase, and net production of 225,500 for the first quarter of 2016, a 15.3% decrease.
June 2016 average net daily production was approximately 2,290 BOEs, as compared to daily production of 2,475 BOEs in June 2015, a decrease of 7.5%. The average estimated price received per BOE in the second quarter 2016 was $36.66.
Fugro is to commence a major programme of offshore geotechnical investigations under a contract awarded by Indian oil and gas company, ONGC.
Valued at approximately USD 26million, the contract involves site investigation work to gather geotechnical and geohazard data at the field, which is located in the KG-DWN-98/2 block off the east coast of India. The information will support the design and subsequent installation of wellheads, manifolds, platforms, FPSO anchors, umbilicals, pipelines and flow lines.
Fugro will deploy its deepwater geotechnical vessel, Fugro Voyager, which will perform the work in water depths ranging from 50 to 1,500 metres. The fieldwork will be followed by extensive laboratory testing, data analysis, interpretation and integration with other data acquired by Fugro.
Commenting on the work, which is due to commence before end of Q3, Fugro's Jerry Paisley said, “Fugro has an extensive track record in supporting deepwater field developments offshore India. For the site characterisation reports for ONGC we will integrate the geotechnical and geohazard data from this project with metocean data and AUV geophysical survey data we acquired previously at this field.”
Turkish maritime authorities have reopened Istanbul's Bosphorus Strait to transiting tankers after shutting it earlier on Saturday for several hours following what the government said was an attempted coup by a faction in the military.
The Bosphorus is one of world's most important choke points for the maritime transit of oil with over three percent of global supply - mainly from Russia and the Caspian Sea - passing through the 17-mile waterway that connects the Black Sea to the Mediterranean. It also ships vast amounts of grains from Russia and Kazakhstan to world markets.
Shipping agent GAC said traffic had reopened after being shut for several hours for security reasons and ships were now being able to travel again through the Bosphorus which divides Istanbul into European and Asian sides.
A spokesman for Russia's pipeline monopoly Transneft said the main Black Sea port of Novorossiisk was operating normally and had enough tankers near the port to continue loading operations uninterrupted until July 25 regardless of what happens in the Bosphorus.
Reuters ship tracking data showed that around 10 oil tankers were anchored off the coast of Istanbul on the southern side of the strait, still waiting for instructions to sail through the narrow passage.
LONDON (Reuters) - ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday.
The declaration came after the company observed a "system anomaly" during a routine check of its loading facility on July 14.
"We are working to ensure loading activities at the facility return to normal. We cannot speculate on any timeline for repairs," the spokesman said. "Qua Iboe Terminal is operating and production activities continue."
Nigeria has struggled to maintain its crude oil production following a spate of militant attacks and technical problems that in May pushed production briefly to 30-year lows. While the cause of the latest issue was not immediately clear, traders said it would take least two to four weeks to repair.
Earlier this week, Exxon denied claims from the Niger Delta Avengers that the militant group had blown up the Qua Iboe 48" crude oil export pipeline operated by the company.
Spokesman Todd Spitler said on Friday there was no connection between the force majeure and militant attacks.
The Avengers, a group that has carried out attacks on oil facilities in Nigeria's southern Niger Delta energy hub in the last few months, has said in statements on its website that Exxon lied when it denied that an attack had taken place.
Bonanza Creek Energy Inc（BCEI）股票在周三暴跌38%，该公司没有发布任何新闻仅公布了8-K表格。8-K表格的发布给投资者带来负面影响：该公司继续雇佣Perella Weinberg Partners建议与帮助分析与评价财务与交易转换，包括重组选择。该公司在D-J盆地拥有7万净英亩区块，此外在科罗拉多州North Park盆地和阿肯色州南部Cotton Valley还有资产。2016年第一季度，该公司报道平均产量为2.43万桶油当量/天，每股调整后亏损0.46美元。（Oilandgas360，7月15日消息）
Dong Energy将通过挪威子公司 DONG E&P Norge AS出售以下五处资产的股份：Ula油田（20%）、Ula油田的两个回接油田（Tambar和Tambar East Unit，股份额度分别为45%和37.8%）、Oselvar天然气田（55%）和Trym天然气田（50%）。DONG Energy执行副总裁David Cook表示：此次交易是公司为优化油气资产组合而迈出的重要一步。
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Danish energy company Dong Energy has agreed to divest ownership in some oil and gas fields in Norway to Faroe Petroleum.
The company will through its Norwegian subsidiary DONG E&P Norge AS divest ownership shares in five producing Norwegian oil and gas fields the Ula field (20 percent working interest); two tie-back fields to Ula, namely: Tambar (45 percent working interest) and Tambar East Unit (37.8 percent working interest); Oselvar (55 percent working interest); and the Trym gas field (50 percent working interest). David Cook, Executive Vice President in DONG Energy, says: “This transaction is an important step towards optimizing our oil and gas asset portfolio with a focus on high quality, low-cost assets.”
In 2015, the five fields’ daily contribution was up to approximately 12,000 barrels of oil equivalent (boe). In total, DONG Energy’s oil and gas business produced approximately 112,000 boe per day in 2015. The production licenses are located in the southern part of the Norwegian sector of the North Sea. According to the buyer, Faroe Petroleum, the company will pay $70.2 million, and it is expected that the acquisition will be completed by the end of 2016.
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BP announced today that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident. [Oilpro]
2.Energy Trader Gets Three Year Sentence.
Federal judge in Chicago, IL sentenced a commodity trader to three years in prison for violating a Dodd-Frank prohibition against “spoofing.” [Oilpro]
3.Oil Falls Amid Forecasts for $40 on Glut Concerns.
Oil fell in New York amid forecasts crude may slide toward $40 a barrel on oversupply concerns. [Bloomberg]
4.Sunoco's Mariner East pipeline wins big in court.
Commonwealth Court on Thursday upheld Sunoco Logistics Partners' power to take private property for its Mariner East Pipeline, adding momentum to Sunoco's plan to deliver more energy from the Marcellus Shale region to Marcus Hook. [Philly]
5.China Oil, Coal Output Decline Signals More Imports to Come.
China’s crude output dropped 4.6 percent to 101.59 million metric tons in the first six months of the year, the lowest for that period since 2012, according to data from the National Bureau of Statistics on Friday. [Bloomberg]
6.Venezuela’s Oil Production Plunges To 13-Year Low.
Venezuela’s oil production plunged to a 13-year low in June as the economic crisis continues to eat into the nation’s only source of export revenue. [Oilprice]
7.Kinder Morgan Continues Its Pipeline Purge.
The natural gas pipeline giant has sold stakes in three pipelines over the past month while canceling the construction of several others this year. [Motley Fool]
8.BOEM Updates Financial Requirements For Offshore Leases.
BOEM today notified companies holding oil and gas leases in federal waters that it is updating financial assurance and risk management requirements to ensure that U.S. taxpayers never have to pay for decommissioning and removing. [Oilpro]
9.Louisiana Prepares Laws to Regulate Drilling.
St. Tammany Parish officials are drafting laws to exert some control over the side effects of oil and gas drilling operations. [NOLA]
10.Photo Contest: Sign of the Times?
This weekend, get out your old oilfield photos and particpate in the $40,000 giveaway from Oilpro. Great submissions coming in daily. [Photo Contest]
来自/Offshore Energy Today 7月15日消息 编译/赵美园石油圈原创www.oilsns.com
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Occidental Petroleum, Houston-based oil and gas exploration and production company, has increased the company’s dividend and announced the appointment of a new member of the board of directors.
Occidental Petroleum said that the company has raised the company’s dividend to an annual rate of $3.04 per share from the previous $3.00 per share. President and CEO, Vicki Hollub, said that the dividend increase reflects the company’s confidence in its financial strength and future performance.Occidental has paid quarterly dividends continuously since 1975. The $0.76 per share quarterly dividend will be payable on October 14 to stockholders of record as of September 9.
The company also said on Thursday that Jack Moore, former Chairman of Cameron International Corporation, has been elected to Occidental’s board of directors. Moore served as Chairman of the Board for Cameron International Corporation from 2011 until it was acquired by Schlumberger in April 2016. He joined Cameron in 1999 and served as CEO from 2008 to 2015 and as President from 2008 to 2014. Before joining Cameron, he held various management positions at Baker Hughes, where he was employed for 23 years.
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来自/Subsea World 7月15日消息 编译/徐建鹏
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Fugro has been awarded a geotechnical site investigation contract by ONGC India for the KG-DWN-98/2 project on the East Coast of India.
The purpose of the work is to gather site specific geotechnical and geohazard data to aid in the design and later installation of wellheads, manifolds, platforms, FPSO anchors, umbilicals, pipelines and flow lines within the field.
Fugro will deploy its deep-water geotechnical vessel, Fugro Voyager, which will perform work in water depths ranging from 50 meters to 1,500 meters, starting before end of Q3 2016.
The fieldwork will be followed by laboratory testing, data analysis, interpretation and integration with previous Fugro acquired AUV Geophysical and Metocean data to provide site characterisation reports.
According to Fugro, the value of this contract is approximately USD 26 million.
来自/Offshore Energy Today 7月15日消息 编译/赵美园石油圈原创www.oilsns.com
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Kenz Figee, a Dutch lifting and hoisting systems provider for the international offshore oil and gas industry, has a new owner. The company on Friday said it was being taken over by MeeMaken BV, a firm with the worldwide network and portfolio comprising service companies to the offshore energy business. The former senior management at Mammoet, Roderik van Seumeren and Natasja Sesink will be the new owners of Kenz Figee as partners of MeeMaken BV.
According to a statement by Kenz Figee, the strengths and joint success of companies such as Selmers, Euro-Rigging, Alltec Lifting Systems, Be One Development and LiftWerx, will be combined so that a larger market can be served.
The name Kenz Figee Group, as well as the business activities of the two active business units (Kenz Cranes and Kenz Crane Services), will stay unchanged. The financial details of the transaction were not disclosed.
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AusGroup Ltd., a Perth-based asset maintenance, fabrication & maintenance and construction services provider to the natural resources sector, disclosed Wednesday that its subsidiary MAS Australasia Pty Ltd. (MAS), has entered into an agreement with Technip Oceania Pty Ltd. to supply scaffolding and rope access services on the Shell-operated Prelude FLNG (floating liquefied natural gas) project off Western Australia.
Under the contract, MAS will deliver scaffolding and rope access for the hook-up and commissioning work, supporting pre-investment activities in Perth, South Korea and offshore.
"The contract further strengthens AusGroup’s oil and gas footprint, and leads to the creation of new Australian jobs, including skilled scaffolding fixers and trade rope access technicians supported by supervision, safety, administration and management roles," the company said in the press release.
来自/Offshore Energy Today 7月15日消息 编译/赵美园石油圈原创www.oilsns.com
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Singapore’s offshore service rigs provider Ezion Holdings has entered into a partnership with Pacific International Offshore, an offshore vessel owner. The two firms are teaming up in order to provide additional assets to an existing client. While the client has not been named, Ezion said it was a national oil company, and the work will be related to development and production.
As part of the deal, the two companies will form a joint venture firm, where Ezion will own a 33% share, with Pacific holding 67%.
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Western Glasscock生产走廊外的区域是Laredo的主要发展区域，靠近其他Laredo生产走廊，被Earth Model所覆盖。该区域直接附加在现有钻井机组上，进一步促进了该区域1万英尺及以上区域的发展。
公司的董事长兼首席执行官Randy A. Foutch称，“此次收购集区域特性和战略投资于一体，将促进公司的资本效率的提高，”“获取Spraberry额外权利，利用Earth Model来优化区位选择和设计的完工，新Western Glasscock生产走廊沿线的钻井区域使公司能够有效地开发Glasscock县以西大块连续的区域。
Laredo Petroleum, Inc. (NYSE:LPI) today announced that it has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million, subject to customary closing price adjustments. The acquisition secures additional rights to the Spraberry interval, enables the drilling of additional 10,000-foot or longer locations, facilitates the new Western Glasscock production corridor and increases the Company's working interest in current leasehold in western Glasscock and Reagan counties, Texas.
The acquisition adds approximately 9,200 net acres, of which approximately 6,300 are in the Spraberry interval and approximately 2,900 net acres are in the Spraberry, Upper, Middle and Lower Wolfcamp, Canyon and Cline zones. The purchase includes approximately 300 net barrels of oil equivalent per day of Laredo-operated production from existing vertical wells through increased working interest in the wells.
The primary focus of the acquisition is the Company's acreage position in western Glasscock County. The contiguous acreage block drives capital efficiencies by enabling the building of the Company's new Western Glasscock production corridor, developing the entire block with 10,000-foot or longer laterals and utilization of Laredo's Earth Model to optimize location selection and completion design.
The acreage outside of the Western Glasscock production corridor is in Laredo's primary development area, proximate to other Laredo production corridors and covered by the Earth Model. The acreage bolts on directly to current drilling units and further enables the development of the acreage with 10,000-foot or longer laterals.
'This acquisition combines the acreage attributes and strategic investments that are drivers of the Company's capital efficiencies,' commented Randy A. Foutch, Chairman and Chief Executive Officer. 'Acquiring additional Spraberry rights, utilizing the Earth Model to optimize location selection and completion design and drilling long laterals along the new Western Glasscock production corridor enables the Company to efficiently develop this large, contiguous acreage block in western Glasscock County.'
On July 13, 2016, the Company closed a portion of this acquisition for approximately $92.7 million. The closings on the remaining interests, which are subject to certain preferential purchase rights and consents, are expected to occur as such rights and consents are satisfied or obtained.
Gary C. Evans是Energy Hunter Resources公司的董事长兼首席执行官。他表示：“最近完成的私募工作是在恰当的时机做出的恰当决定，近来石油价格陷入下降性循环，即使最近有上涨趋势，该产业资产价格仍处在严重低迷当中。许多运营商要么负债累累，要么正在寻求摆脱非核心资产，各运营商都正在创造像Energy Hunter Resources公司一样的机会。此外，由于缺乏资金部署，现有的租约离主要款项的到期日越来越近。当我们看准了时机，我们就会迅速采取行动，执行我们的业务计划。在60天之内，我们就构造出了私募计划，超出了私募基金目标，并随后完成了收购。”
来自/OilVoice 7月15日消息 编译/郑雨晴
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Energy Hunter Resources, Inc., an oil-focused energy company headquartered in Dallas, Texas (www.energyhunter.energy), today announced that it has completed a private placement of 3,150,000 shares of its common stock for aggregate gross proceeds equal to approximately $3.15 million of new common equity capital.
Energy Hunter Resources acquired two separate lease blocks totaling approximately 500 net acres located in the heart of the Eagle Ford shale along the Karnes Condensate Trend in Karnes County, Texas. The total acreage position is prospective for both the lower and upper Eagle Ford Shale, as well as the Austin Chalk formation. There are no drilling commitments on this acreage until 2017. Energy Hunter owns 87.5 percent of the working interest in these properties and will be the operator of record on all new wells drilled. Approximately 14 wells can be drilled in the lower Eagle Ford formation between the two prospects, as well as an additional 10 wells in the upper Eagle Ford formation for a total of 24 wells, excluding the Austin Chalk formation and potential drilling sites therein. Combined, total recoverable reserves are estimated at 16 MMBOE. At current strip pricing, adjacent wells have reached payout in less than one year with ROI's greater than 80 percent utilizing current commodity prices.
Gary C. Evans, Chairman and Chief Executive Officer of Energy Hunter Resources, Inc., said, 'The recently completed private placement could not have come at a more opportune time due to this downcycle. Asset prices in the industry, even with the recent uptick in commodity prices, remain at severely depressed levels. Many operators that may be over-leveraged or that may be seeking to unload non-core assets, are creating opportunities for companies like Energy Hunter Resources. Additionally, existing leases are expiring from their primary term due to the lack of capital being deployed. When we saw this opportunity, we decided to move quickly to execute on our business plan. We structured the private placement, exceeded our private placement fund raising goals, and subsequently completed the acquisition, all within 60 days.'
来自/Your Oil and Gas News 7月14日消息 编译/张弘引石油圈原创www.oilsns.com
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Petóleo Brasileiro S.A (Petrobras) announces that today, through subsidiary Petrobras Global Finance B.V. (PGF), it has completed the US$3 billion bond sale on the international capital markets (called global notes). This sale constituted a reissue of securities maturing in 2021 and 2026, originally issued in May 2016. Of the additional volume issued, US$1.75 billion will maturein 5 years and US$1.25 billion will mature in 10 years. Key information about the bond sale is provided below:
Demand was approximately 2.4 times the amount on offer for bonds maturing in 2021, and 2.3 times for bonds maturing in 2026. In all, around 350 investors in the United States, Europe, Asia and Latin America took part in the operation.
Petrobras plans to use the net proceeds of the issue to launch a tender offer to buy back securities, as previously announced, and for corporate purposes in general.
HOUSTON -- AFGlobal Corporation has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. As a vertically integrated supplier, this acquisition solidifies the company’s position as a specialized original equipment manufacturer.
The resulting combination of companies creates the most complete deepwater managed pressure drilling(MPD) offering currently available in the market, with technology covering both onshore and offshore applications.
“Over the last several years, we’ve established ourselves as a premier provider of oil and gas products and services, including land-based pressure pumping equipment, deepwater riser gas handling systems and subsea solutions. This acquisition will further support our strategy to create an increasingly differentiated business designed to support our clients’ drilling, stimulation and production needs both today and in the next phase of our industry’s journey,” Curtis Samford, president and CEO of AFGlobal Corporation, said.
The new business group within AFGlobal’s oil and gas segment will be known as Advanced Drilling Systems. The complete portfolio will include riser gas management systems, early kick/loss detection, managed pressure drilling, dual gradient drilling and continuous circulation.
“Providing the industry with a flexible yet standardized solution for MPD mandates that all equipment works together in an intentional and holistic manner. Simply put, our systems are designed to remove complexity on the rig and streamline operations while providing reliable, best-in-class equipment, service and support,” Mark Mitchell, president, Oil & Gas, AFGlobal, said.
He continued, “The changes coming to our industry will be transformational, not transitional and our Advanced Drilling Systems will bring a new level of fit-for-purpose, modular technology to the market.”
One primary benefit to clients is the company’s premium in-house design, engineering and manufacturing capabilities—all managed by a single provider. Blending world-class products and manufacturing with transformational drilling technology will create a new family of the next generation well construction products and services. The new combined offering will create value across a broad client spectrum, targeting both the offshore and land markets.
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