Hess acquires interest in new acreage offshore Guyana

Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15% participating interest in the Kaieteur Block, offshore Guyana. ...»

Statoil sells non-operated interest in Alba field, offshore UK

Statoil has agreed to sell its 17% non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. ...»

Oil hedge fund manager Andurand says $300 "not impossible"

Pierre Andurand, one of oil’s most prominent hedge fund managers, said the current reluctance of energy companies to invest in new production meant $300/bbl was "not impossible" within a few years. ...»

Crude poised for monthly gain amid Iran nuclear accord prospects

Crude hovered near $68/bbl amid signals that an Iran nuclear accord may live on, even without the U.S. ...»

Uganda brings forward pipeline FID to 2018

Uganda has brought forward its final investment decision for a planned 1,445-km (900-mi) crude-export pipeline to the end of 2018 from June 2019, according to its Energy Ministry. ...»

Stork secures Shell contract for southern North Sea technical support

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a three-year contract by Shell UK Limited to provide technical support for a range of Shell’s UK-based ONEgas assets in the Southern North Sea, as well as onshore facilities, offshore installations and vessels. ...»

ADNOC appoints INPEX subsidiary as asset leader for Lower Zakum area

The Abu Dhabi National Oil Company (ADNOC) has signed an agreement appointing JODCO Lower Zakum Limited, a wholly-owned subsidiary of Japan’s INPEX Corporation (INPEX), as the asset leader for Abu Dhabi’s Lower Zakum concession area. ...»

'Cyber blindspot' threatens energy companies spending too little

What’s the cost of securing the nation’s energy from a cyber attack? ...»

Schlumberger gets approval to buy into Russia's biggest driller

Schlumberger Ltd. won preliminary approval to finally complete a three-year-old plan to buy into Russia’s biggest oil driller. ...»

Premier Oil announces sale of Babbage Area interests

Premier is pleased to announce that it has entered into a sale and purchase agreement to sell its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus). ...»

Gulf Publishing rebrands to Gulf Energy Information

Gulf Publishing Company, a leading provider of media, marketing and market intelligence services, today announced the business’ transition to Gulf Energy Information ...»

Delmar Systems, MDL launch wire rope inspection and change-out service solution

Delmar Systems and Maritime Developments (MDL) have formed a joint-partnership to launch LiveWire, an innovative solution for wire rope inspection and change-out services. ...»

PESA diversity study identifies opportunities to advance women in the workplace

The Petroleum Equipment and Services Association (PESA) has performed a diversity study across the oil and gas industry’s service, supply, and manufacturing organizations to analyze the current state, in-flow, and out-flow of female talent and identified actions organizations can take to advance women into greater leadership positions. ...»

Oil steadies amid Korean peace pledge, threat of Iran sanctions

Oil traded near $68 as investors weighed the impact of a possible U.S. pull-out from the Iran nuclear deal and the potential for a historic accord between the leaders of North and South Korea. ...»

Texas City hosts first supertanker as U.S. crude gushes out

A 2 MMbbl-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export. ...»

OPEC cuts may go deeper as another member sees output slump

While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation. ...»

Fugro provides seep hunting expertise offshore Brazil

Working for multi-client geoscience data company, TGS, Fugro continues the hunt for hydrocarbon seeps, this time offshore Brazil. ...»

Faroe Petroleum brings Tambar wells into production in Norway

Faroe Petroleum has announced that both new infill wells drilled this year on Tambar field in Norway (Faroe 45%), have now been brought successfully into production. ...»

Oil sands get taste of slower growth ahead as logjams hit output

Canada’s oil sands are getting a taste of their slower-growth future. ...»

Bubbling crude prices spell triple-whammy setback for India

The surge in oil prices couldn’t have come at a worse time for India. ...»

Chevron blows through all profit forecasts amid crude rally

Chevron Corp. surpassed every first-quarter profit and production estimate, raising the possibility of a resumption of share buybacks later this year. ...»

Exxon posts worst first-quarter output since 1999 merger

ExxonMobil Corp. posted its weakest first-quarter output since the 1999 merger that created the company in its modern form, underscoring the eroding quality of its worldwide portfolio. ...»

Citi says U.S. may become world's top oil exporter next year

The U.S. looks likely to overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc. ...»

Trump threat to ax Iran deal seen scaring off oil traders

Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he’ll ditch the nuclear deal with OPEC’s third-largest producer. ...»

Navigation Powder River announces record production in the Powder River basin

Navigation Powder River, LLC, supported by certain investment funds managed by Juniper Capital Advisors, L.P., has announced record initial production from successful drilling of their first wells in the Powder River basin. ...»

SOCAR, BP sign new production sharing agreement for Azerbaijan exploration

SOCAR and BP today signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin, in the Azerbaijan sector of the Caspian Sea. ...»

Iraq awards oil and gas blocks as Exxon, Total drop out

Iraq awarded contracts for just over half of the energy deposits offered in an auction that failed to attract bids from most of the big oil companies that initially expressed interest. ...»

PESA elects 2018-2019 Board of Directors

Petroleum Equipment and Services Association (PESA) elected five new industry leaders to its Board of Directors on April 26, 2018, during the Annual Meeting in Greensboro, Ga. ...»

Vryhof announces key contract wins for its anchoring solution

Vryhof Anchors, a Vryhof company, today announced a number of landmark contracts for its STEVSHARK REX anchoring solution with Anglo-French independent operator Perenco, and its Congolese subsidiary Perenco Congo SA; Maersk Drilling in Trinidad; and international EPC contactor CNGS Group. ...»

Mayan Energy reports gas discovery at Stockdale field in Texas

Mayan Energy, the AIM listed oil and gas company, has announced a new gas discovery at Stockdale field, in Wilson County, Texas, as part of its ongoing development activities at the Morris 1 well. ...»

Nexans to supply umbilicals for second stage of Mad Dog development

BP has selected Nexans to supply umbilicals for the second stage development of the Mad Dog offshore field in the Gulf of Mexico. ...»

Weatherford introduces Magnus rotary steerable system

Weatherford International plc has announced the commercial release of the Magnus rotary steerable system, which combines reliable, high-performance drilling with precise directional control. ...»

DNO accelerates Kurdistan operations, while building up North Sea exposure

DNO ASA, the Norwegian oil and gas operator, today announced expansion and acceleration of operations in the Kurdistan region of Iraq, while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at $142 million and net profit at $18 million. ...»

Shell makes investors wait for reward from surging oil prices

Royal Dutch Shell Plc rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100/bbl. Investors were displeased that the company didn’t take them along for the ride. ...»

Gazprom seen pumping gas to Europe like it's already winter

The world’s biggest exporter of natural gas is turning up the taps to Europe. ...»

Anadarko lines up enough LNG buyers for Mozambique project

Anadarko Petroleum Corp. said that “in principle” it has enough customers to proceed with its liquefied natural gas project in Mozambique, eight years after making a major deepwater discovery there. ...»

Gas pipelines facing $18.5-billion threat from Trump tax revamp

Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new U.S. tax rules cut the corporate rate. ...»

McDermott completes installation, startup for Vashishta and S1 field

McDermott International, Inc., has successfully concluded the installation and startup on Vashishta and S1 field, an engineering, procurement, construction and installation (EPCI) contract that it received from ONGC in December 2015. ...»

Texas can't keep all the U.S. petroleum exports to itself

It would appear that the net-importing U.S. East Coast has a little bit of Texas export envy. ...»

CEFC China may cut half its workers, but Rosneft deal still alive

CEFC China Energy Co. may cut half of its 30,000-strong workforce as the sprawling conglomerate faces increased financial pressures and scrutiny from Beijing, said an official at one of its units. ...»

Total partners with Google Cloud to develop artificial intelligence solutions for EandP

Total and Google Cloud have signed an agreement to jointly develop artificial intelligence (AI) solutions applied to subsurface data analysis for oil and gas exploration and production. ...»

Wintershall, Gazprom JV reaches new production milestone

Achimgaz, a German-Russian joint venture of Wintershall and Gazprom, has achieved a new milestone, with total production reaching 30 Bcm of natural gas. In the same period the company has produced more than 13 million tons of gas condensate, to date. ...»

Gazprom Neft commissions second well at Sarqala field in Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a second well — the Sarqala-2 — at its Sarqala field (within the Garmian block), located in the Kurdistan Region of Iraq (KRI). ...»

German $10-billion gas bill shows perks of close Russia ties

Are Berlin’s close energy ties with Moscow paying off? ...»

Wood, Librestream develop wearable camera technology for oil and gas operations

Wood has developed new camera technology that can stream video and store data from remote work locations including offshore, in partnership with Canadian technology company Librestream Technologies (Librestream). ...»

Ely and Associates Corp., Mosaic Petroleum Analytics announce joint venture

Effective March 27, 2018, Ely and Associates Corp. has formed a mutually beneficial joint venture with Mosaic Petroleum Analytics LLC. ...»

Statoil shows a return to better times is within reach

Statoil ASA showed that a return to profit levels from the era of $100/bbl is within the grasp of the world’s oil giants. ...»

Oil holds loss as hope of new Iran deal eases sanction concern

Oil held losses below $68/bbl after French President Emmanuel Macron called for a new Iran nuclear deal to keep the U.S. on board, raising speculation sanctions on the OPEC producer may be averted. ...»

Fracers preach patience on payoff from $70 oil, growth in shale

The world’s biggest oilfield service companies have a message for investors: There’s a payoff for patience. ...»

Permian basin seen growing to largest oil patch in the world

The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade. ...»

Shell invests in the Vito development in the Gulf of Mexico

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. ...»

EIA: Pennsylvania’s natural gas production continues to increase

Pennsylvania’s marketed natural gas production averaged a record 15 Bcfd in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian basin. Pennsylvania accounted for 19% of total U.S. marketed natural gas production in 2017 and produced more natural gas than any other state except Texas. ...»

Crude pushes toward $69 mark as U.S. surplus takes center stage

Crude approached a three-year high as traders braced for a second straight weekly decline in surplus U.S. supplies. ...»

SDX Energy reports oil discovery in Egypt's West Gharib Concession

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made at its Rabul 4 Well in the West Gharib Concession in Egypt. ...»

Petrobras announces start of production at Búzios field, in the Santos basin

Petrobras has started production of Búzios field, in the pre-salt of the Santos basin, by means of platform P-74. ...»

Here come the petrodollars, back to save global asset prices

The recent surge in oil prices is poised to boost global assets as crude-producing states deploy replenished stashes of petrodollars, according to a growing chorus of analysts. ...»

BNK Petroleum reports its best 30-day IP rate of 630 boed in Oklahoma's SCOOP

BNK Petroleum Inc. has announced that the Glenn 16-2H well (100% working interest) averaged over 630 boed, of which 540 bbl are oil, for the last 30 days. The production from the well, which is located in BNK’s Tishomingo field, in the SCOOP region of Oklahoma, is currently producing over 620 boed, of which 515 bbl are oil (85%). ...»

Trump trade war spurs India to import more oil, drones from U.S.

India is seeking more oil, drones and aircraft from the U.S. to help narrow its $28-billion trade surplus amid rising concerns of possible collateral damage to its economy from President Donald Trump’s trade spat with China. ...»

Majors still unloved by investors despite better fortunes

For generations of investors, Exxon Mobil has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. ...»

Cheniere upsizes financing for Corpus Christi LNG to $6.4 billion

Cheniere Energy, Inc., has announced that its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC, has engaged financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to $6.4 billion of credit facilities. ...»

Crude wipes out losses as Arabian Peninsula conflict heats up

Crude erased losses as escalating conflict in the Mideast region that’s home to almost half the world’s oil canceled out an earlier rout in commodity markets. ...»

Goldman Sachs echoes Saudi view that oil rally won't hurt demand

Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. ...»

Saudi Aramco to lift oil-trading volume to 6 MMbpd

Saudi Aramco, the world’s biggest oil exporter, plans to trade as much as 6 MMbpd, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products. ...»

Rystad: Subsea 7 aims to assume SURF throne through McDermott acquisition

Subsea 7’s attempt to acquire rival contractor McDermott could create a powerful new entity in the global market for subsea umbilicals, risers and flowlines (SURF), giving it a best-in-class market share of 24%, according to research and analysis by Rystad Energy. ...»

Rystad Energy: Subsea 7 aims to assume the SURF throne through McDermott acquisition

Subsea 7’s attempt to acquire rival contractor McDermott could create a powerful new entity in the global market for subsea umbilicals, risers and flowlines (SURF), giving it a best-in-class market share of 24%, according to research and analysis by Rystad Energy. ...»

Santos announces Barossa FEED decision that could double production in Northern Australia

Santos has announced that agreement has been reached with our joint venture partners to enter the front-end engineering and design (FEED) phase for the development of the Barossa project to backfill Darwin LNG (DLNG). ...»

Echo Energy reports oil to surface at second workover in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful and safe completion of the second workover of the three-well workover campaign at the Company's Fracción D asset, onshore Argentina. ...»

BHGE awarded Statoil contract to provide turbomachinery equipment to Johan Castberg field

Baker Hughes, a GE company, has been awarded by Statoil Petroleum AS and Aker Solutions a contract to provide turbomachinery equipment for the topside structure for the floating production, storage and offloading vessel (FPSO) to be located at Johan Castberg field in the Barents Sea. ...»

Libya pipeline attack cuts oil output amid fragile recovery

An attack on an oil pipeline supplying Libya’s biggest export terminal has reduced the North African country’s production by at least 80,000 bpd and would take several days to repair, the National Oil Corp. said Sunday. ...»

Hedge-fund investors pour into oil as firms predict surge to $80

Hedge funds investing in oil are luring capital at the fastest pace in more than a year. ...»

Libya says it's yet to approve Total's deal for Marathon assets

French oil giant Total SA said last month it had acquired Marathon Oil Corp.’s assets in Libya in a $450-million deal. ...»

Trump's oil woes are investors' gain as fuel demand boosts price

President Donald Trump started a tug of war with the oil market and lost the first round. ...»

Canyon Creek Energy announces new drilling program in Arkoma STACK play

Canyon Creek Energy announced that it has entered into an agreement with Pivotal Petroleum to jointly fund the development of wells in Oklahoma's STACK play. ...»

SDX Energy announces gas discovery at LNB-1 well, Morocco

SDX Energy announced that a conventional natural gas discovery has been made at its LNB-1 exploration well in Morocco. ...»

Canadian rail union discussions near deadline as strike looms

Canadian Pacific Railway is trying to hammer out a deal with two unions to avoid a labor strike that threatens to disrupt Canada’s second largest railroad for the second time in three years. ...»

BP and Reliance sanction second phase of deepwater gas development, India

BP and Reliance Industries announced the sanctioning of the “Satellite cluster” project in Block KG D6, offshore India. ...»

Schlumberger quarterly profits surge on activity gains, higher oil prices

Schlumberger reported an 88% increase in quarterly profit as rising crude oil prices encouraged North American operators to ramp up drilling. ...»

CEO awarded $60 million to lead Linn Energy past bankruptcy

The same day Linn Energy Inc. exited bankruptcy, it awarded CEO Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil paid its CEO. ...»

U.S. oil rush spurs triangle trade as output, exports soar

Rapid increases in U.S. oil output are forcing some traders and producers to try alternative ways of pricing crude. ...»

Oil traders try crude-pricing alternatives as U.S. output soars

Rapid increases in U.S. oil output are forcing some traders and producers to try alternative ways of pricing crude. ...»

Trump slams OPEC as cartel pushes harder for high oil prices

U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. ...»

Wood, Roue and Cisco open oil and gas center in Mexico

Wood, Cisco and Roue Consultores have opened a new Oil and Gas Advanced Technology Centre (ATC) in Naucalpan, Estado de Mexico. ...»

Kreuz Challenger vessel mobilized for long-term Brunei Shell contract

Kreuz Subsea has mobilized a new-build dive support vessel as part of its seven-year contract with Brunei Shell. ...»

Oil erases gains after Trump slams OPEC for inflating prices

Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.” ...»

A first for Panama Canal: Three LNG tankers crossed in a day

Three LNG tankers sailed through the Panama Canal on the same day, marking a first for the newly expanded waterway and highlighting the booming global gas trade. ...»

Eco gives update on 3D seismic processing in Guyana

Eco Atlantic released an update on the processing and interpretation of recently acquired 2,550 sq km of 3D seismic on the company’s Orinduik Block, offshore Guyana. ...»

ECO updates on 3D seismic processing in Guyana

Eco Atlantic released an update on the processing and interpretation of recently acquired 2,550 sq km of 3D seismic on the company’s Orinduik Block, offshore Guyana. ...»

Frontera reports commercial hydrocarbon shows at Georgian well

Frontera Resources set casing based on commercial hydrocarbon shows at its Dino-2 well in the Republic of Georgia, eastern Europe. ...»

Oil market faces tense wait as Iran sanctions too close to call

Global markets for equities, currencies and metals have all been whipsawed by the uncertainty over what President Donald Trump’s next geopolitical move would be. Oil’s about to have a turn. ...»

U.S. LNG gets a big cheer in one of Russia's small neighbors

One of Russia’s European neighbors is fully embracing U.S. liquefied natural gas. ...»

Rystad forecasts increased U.S. fracing capabilities by end 2018

Rystad said that pumping horsepower and sand supply are both tight in certain regions of the U.S. However, pumping horsepower and sand supply will see significant additions in the second half of 2018. ...»

Rystad forecasts increased U.S. frac capabilities by end 2018

Rystad said that pumping horsepower and sand supply are both tight in certain regions of the U.S. However, pumping horsepower and sand supply will see significant additions in the second half of 2018. ...»

Oil extends rally before OPEC meeting after U.S. stockpiles fall

Oil rallied above $69/bbl after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting. ...»

FairfieldNodal increases its U.S. land multi-client library

FairfieldNodal has acquired Geokinetic's U.S. multi-client data library nearly triples its North American multi-client library coverage. ...»

Libya oil chief says fuel smuggling costing $750 million a year

Fuel smuggling is costing Libya about $750 million a year, the head of the country’s National Oil Corp. said. ...»

Bullish oil signs show Saudi Arabia's $80 goal within reach

While $80 oil seemed in the clouds just a year ago, it now looks primed for capture. ...»

Halliburton launches automated continuous circulation system

Halliburton released the e-cd Plus system – a new technology that automates and enhances continuous circulation connections during drilling and tripping operations. ...»

Maersk Drilling appoints new innovation officer

Morten Kelstrup has been named Maersk Drilling’s chief commercial and innovation officer to lead the newly-established commercial and innovation function. ...»

SNC-Lavalin awarded Wasit Gas Plant installation contract by Saudi Aramco

SNC-Lavalin has been awarded a contract by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s eastern province. ...»

Trudeau is set on saving oil pipeline

Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgan’s Trans Mountain pipeline expansion as they vow to make sure it gets built. ...»

Eni approves development plan for Merakes discovery, offshore Indonesia

Eni announced the approval of a development plan for the Merakes field, offshore East Kalimantan, Indonesia. ...»

Colorado Exxon Mobil suit shows climate concerns not unique to coasts

Most cities suing oil companies over the impact of climate change want help paying for walls to protect against rising sea levels. And then there’s Boulder, Colorado. ...»

Crude rises to highest level since 2014 on bullish U.S. inventory report

Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest. ...»

Canadian oil recovery faces new threat from possible railroad strike

A potential strike by Canadian Pacific Railway workers threatens a recovery in Alberta’s discounted heavy oil prices. ...»

Chevron employees arrested as Venezuela clampdown escalates

Two employees of Chevron were arrested in Venezuela as President Nicolas Maduro cracks down on alleged corruption. ...»

Crude rises to highest since 2014 on bullish U.S. inventory report

Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest. ...»

France's energy major is getting ready for an electric future

Total deepened its foray into power and gas retail, underlining a strategy shift as European oil majors transition to cleaner energy. ...»

Next generation drones aim to reduce offshore inspection costs

Air Control Entech and the Oil and Gas Technology Centre have launched new unmanned aerial vehicles that aim to reduce offshore oil and gas inspection costs by up to 50%. ...»

Oil rises to highest since 2014 on bullish U.S. inventory report

Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest. ...»

OPEC-Russia talks set to keep oil cuts even as glut vanishes

OPEC and Russia will meet in Saudi Arabia this week to discuss the looming political crises and extending production cuts. ...»

France's oil major is getting ready for an electric future

Total deepened its foray into power and gas retail, underlining a strategy shift as European oil majors transition to cleaner energy. ...»

Canadian oil recovery faces new threat from possible rail strike

A potential strike by Canadian Pacific Railway workers threatens a recovery in Alberta’s discounted heavy oil prices. ...»

Majors bid to burnish credentials in war on climate change

The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. ...»

Australian territory lifts fracing ban in boost for shale

Australia’s Northern Territory has ended its ban on hydraulic fracturing, boosting the prospects for energy explorers operating in some of the country’s largest petroleum resources. ...»

Majors bids to burnish credentials in war on climate change

The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers. ...»

Oil cutoff threatened as Canada provinces feud over pipeline

Canada’s inter-provincial fight over the Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia. ...»

Upward trend of natural gas production could benefit consumers, manufacturers

Natural gas production in the U.S. is projected to break the domestic record in 2018, and again in 2019, according to the EIA. ...»

Petrobras will drive 76% of Brazil’s crude production to 2021

Petrobras liquids production is expected to grow to 2.7 MMbpd by 2021 with Roncador field representing 8.3% of all production in 2021. ...»

Oil steadies as risk of mideast strife ebbs before OPEC meeting

Oil was little changed after the biggest loss in more than a week as concerns about Middle East strife receded and hints that OPEC may extend its output cuts. ...»

Permian oil output to scale new heights as drillers add wells

Production from the prolific Permian oil play is expected to set new records as drillers keep adding more wells. ...»

U.S. tells Chinese propane buyer that broke contract to pay up

While the Chinese government threatens a 25% tariff on propane imports from the U.S., an American court is ordering retribution for a breach of contract to buy the heating fuel that’s a key ingredient in making plastics. ...»

Gazprom Neft launches focused digital transformation initiative

Gazprom Neft has confirmed the digital transformation of its business as a priority area, with the creation of a new Digital Transformation Directorate. ...»

Australian territory lifts fracking ban in boost for shale

Australia’s Northern Territory has ended its ban on hydraulic fracturing, boosting the prospects for energy explorers operating in some of the country’s largest petroleum resources. ...»

First commercial LNG cargo from U.S. East Coast hits the seas

The first export of natural gas from the U.S. East Coast has set sail. ...»

Oil steadies as OPEC signaling deal extension stokes optimism

Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism.. ...»

Fidelity likes CP rail for crude opportunity amid pipeline spat

A $5.5 billion investment fund is buying railroad stock as a pipeline spat increases the likelihood that companies will need rail to get their oil to market. ...»

Alberta plan to cut oil shipments would ripple across west coast

Alberta’s plan to cut crude shipments to BC could cause pump prices to surge and shift the flow of international crude. ...»

Proserv secures multi-million-dollar Repsol contract

Proserv has secured a contract worth $5.5million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. ...»

Vermilion to buy Spartan Energy for $860 million in stock

Vermilion Energy agreed to buy Spartan Energy for $860 million in stock in the largest oil and gas company takeover in Canada this year. ...»

Vermilion to acquire Spartan Energy for $1.40 billion

Vermilion Energy announced they intend to acquire Spartan Energy, for $1.40 billion. ...»

U.S. offers $25 million cybersecurity grant after pipeline attacks

The U.S. wants to fund research targeting improved cybersecurity for the nation’s power grid and the oil and natural gas industry. ...»

Shell CEO tells activists and investors: Trust me to cut carbon

Ben van Beurden has the same message for activists seeking to bind Shell to emissions cuts, and investors concerned about the merits of shifting away from OandG: Trust me. ...»

Want the gas? Buy the company: A new way to finance U.S. LNG

After amassing billions in debt and pushing a bold spending plan, Charif Souki was fired in 2015 by the LNG company he founded. ...»

Proserv secures multi-million Repsol contract

Proserv has secured a contract worth $5.5million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. ...»

Oil investors rally with record bets on price rise

Hedge funds have never been so invested in the global oil rebound. ...»

Kuwait sees OPEC mulling longer oil cuts at June meeting

OPEC will consider extending an agreement to cut oil output into 2019 when they meet in June to assess the market. ...»

ConocoPhillips announces results of 2018 winter exploration program in Alaska

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska. ...»

Trudeau seeks talks with Kinder to get pipeline to Pacific built

Prime Minister Trudeau plans to start talks with Kinder Morgan to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the project at risk. ...»

For Pemex, an $84.5 billion question in leftist Lopez Obrador

Five years after a landmark overhaul of energy laws stripped Mexico’s state oil-and-gas producer of its monopoly, few investors are eager for it to be restored. ...»

Becoming a "Permian-bitcoin billionaire" may be just a dream

Could turning flared gas in Texas’s Permian basin into electricity to power bitcoin mining be a solution for shale producers? ...»

Echo Energy announces gas to surface at Fracción D asset, onshore Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of a three-well workover campaign at the Company's Fracción D asset, onshore Argentina. ...»

California Resources acquires Chevron's remaining interests in Elk Hills field

California Resources Corporation has announced that it has executed and closed a purchase and sale agreement with Chevron to acquire the remaining working, surface and mineral interests in the 47,000-acre Elk Hills field in the San Joaquin basin of California. ...»

TGS expands its onshore seismic activity with third project in the Anadarko basin

TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant addition to our industry leading geoscience data position in the SCOOP/STACK area of the Anadarko basin. ...»

Gazprom Neft developing new exploration cluster in the Khanty-Mansi Autonomous Okrug

Gazprom Neft has been confirmed as the winner of Rosnedra subsoil licensing rounds for six blocks in the Karabashsky exploration zone, located in the Khanty-Mansi Autonomous Okrug. ...»

BP, Petrobras alliance to explore joint projects in Brazil and beyond

BP has announced that it has signed a memorandum of understanding to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras). ...»

Oil set for biggest weekly gain in nine months amid supply risks

Oil headed for the biggest weekly advance since July as concern over possible disruption to supply lends weight to signs of a dwindling glut. ...»

NOIA elects 18 industry leaders to its board of directors

The National Ocean Industries Association (NOIA) elected 18 industry leaders to its board of directors on April 12, 2018, during its Annual Meeting in Washington, D.C. ...»

The Aramco accounts: Inside the world's most profitable company

It’s a cornerstone of the global economy, producing and selling 10 MMbopd. Yet for four decades the financial performance of Saudi Aramco has been one of the biggest secrets in global business. ...»

OPEC near mission accomplished as oil glut vanishes, IEA says

OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation. ...»

Rosneft said to focus on debt in meeting with investors

Rosneft PJSC is trying to persuade investors that it can shrink its record debt burden in an effort to close the valuation gap with some of its rivals. ...»

New Zealand draws "line in the sand" with exploration ban

New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change. ...»

Iraq said to delay oil auction after late contract tweaks

Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the contract, according to people familiar with the matter. ...»

EWA partners with Stanford University’s natural gas initiative

Gulf Publishing Company, a leading provider of data and technical information for the global energy industry, announced today that Energy Web Atlas (EWA) has entered into a partnership with Stanford University’s Natural Gas Initiative (NGI). EWA is a platform that allows users to examine real-time natural gas project information. ...»

Fieldwood Energy closes acquisition of Noble Energy’s deepwater assets

Fieldwood Energy LLC has announced the closing of its acquisition of all of Noble Energy, Inc.’s deepwater oil and gas assets located in the Gulf of Mexico with an effective date of Jan. 1, 2018. ...»

Tendeka secures multi-million-dollar AICD screens contract in Sub-Sahara Africa

Independent global completions service company Tendeka has been awarded a multi-million-dollar contract to deliver autonomous inflow control devices (AICD) screens for an operator in Sub-Sahara Africa. ...»

ExxonMobil reports 84% increase in P’nyang resource, potential expansion in PNG

ExxonMobil Corp. today announced that the size of the natural gas resource at P’nyang field in Papua New Guinea has increased to 4.36 Tcf of gas, an 84% increase from a previous assessment completed in 2012. ...»

Maersk Drilling, Maersk Supply Service establish JV decommissioning company

A 50-50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of operations to provide decommissioning services to oil and gas operators. ...»

Rystad Energy: China’s promise to cut tariffs, open economy allows U.S. producers to breathe easier

During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the U.S. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment. ...»

Energy Web Atlas Partners with Stanford University’s Natural Gas Initiative to Leverage LNG Real-Time Global Project Information

Gulf Publishing Company, a leading provider of data and technical information for the global energy industry, announced today that Energy Web Atlas (EWA) has entered into a partnership with Stanford University’s Natural Gas Initiative (NGI). EWA is a platform that allows users to examine real-time natural gas project information. ...»

Real war rattles oil more than trade war or U.S. crude boom

In the oil market, missiles over the Middle East are currently trumping just about everything else. ...»

Industry reluctance to adopt new subsea technology tied to risk, says BP/SUT expert

In an MCEDD presentation on Wednesday, a recognized subsea expert said that the reluctance of operators to adopt new technology in the sector is tied to risk. ...»

MCEDD explores water depth maximum, other technical questions; hands awards to best presenters

MCEDD, the premier deepwater conference, continued on Tuesday afternoon and into today in Milan, Italy, with a timely mid-day keynote examination of the future of ultra-deep offshore activity, accompanied by a full slate of technical presentations on a variety of technical subjects. ...»

Oil surges to three-year high as Middle East tensions intensify

Crude in London and New York are at the highest levels since 2014 after U.S. President Donald Trump warned Russia to “get ready” for U.S. missiles to be fired at Syria and Saudi Arabia intercepted a missile over Riyadh. ...»

India's oil consumption rises in March as economy recovers

India’s oil demand grew 7.2% in March from a year ago as the country emerged from the effects of a cash ban and the roll out of a new national sales tax. ...»

Subsea 7 awarded sizeable EPCI contract from BP

Subsea 7 S.A. has announced the award of a sizeable contract by BP, for the provision of EPCI flowline supply and subsea installation services for the Alligin subsea development project, located approximately 140 km west of the Shetland Islands. ...»

TGS announces further expansion of Atlantic Margin multi-client program

TGS announces an expansion of its Atlantic Margin multi-client program in the Norwegian Sea. The new AM18 3D Extension, will comprise 5,135 km² of 3D seismic data and covers a variety of play models with stratigraphic and structural traps in Paleocene and Cretaceous turbidite/fan deposits. ...»

Statoil, Total complete acquisition of interest in GOM's North Platte discovery

Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the U.S. Gulf of Mexico (GOM) for an aggregate purchase price of $339 million. ...»

What will it take to keep up with shale gas boom? $170 billion

Bottlenecks on the U.S. natural gas super highway are starting to stack up, raising concerns about whether infrastructure can be built fast enough to meet surging supplies. ...»

Ulterra introduces PDC bit design that evacuates cuttings 200% faster

Ulterra Drilling Technologies has introduced its latest advancement in PDC bit engineering. The patent-pending SplitBlade breakthrough design improves cuttings evacuation as much as 200% faster than conventional PDC bits. ...»

OPEC political crises threaten to double its million-barrel cut

The 2016 OPEC initiative to clear surplus supply was successful. By year-end, the group could lose the same amount of crude unintentionally. ...»

Texas Railroad commissioners appoint executive director

Railroad Commission Chairman Christi Craddick and commissioners Ryan Sitton and Wayne Christian today voted unanimously to appoint Wei Wang to serve as executive director of the commission. ...»

U.S. oil debt eases as drillers target next shale play

U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas. ...»

GEODynamics introduces new zone isolation technology

GEODynamics has introduced a new and evolutionary technology in composite frac plug systems. Called the EVOLV+FracTrapTM Zone Isolation System, it provides both ball retrieval and composite plug technology in one tool that delivers risk-free, ball-on-seat, plug-and-perf isolation solutions to operators. ...»

China gas giant "confident" U.S. energy ties set to deepen

The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets. ...»

Oil rises after Xi's speech on optimism U.S.-China spat may ease

Oil advanced above $64/bbl after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions may ease, lifting risk assets around the world. ...»

PDO approved for Fenja field in the Norwegian Sea

Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that the Norwegian Minister of Petroleum and Energy has approved the plan for the development and operation (PDO) of Fenja field. ...»

BP commits to two new North Sea developments

BP has committed to two new North Sea developments which are expected to produce 30,000 bbl gross boed at peak production. ...»

Faroe Petroleum reports preliminary results of Fogelberg appraisal well

Faroe Petroleum has provided an update with preliminary results of the Fogelberg appraisal well in the Norwegian Sea (Faroe 15%). ...»

Austria increases Russian gas imports by 77% since the start of 2018

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Rainer Seele, chairman of the executive board of OMV, took place in St. Petersburg on April 9. ...»

Aquaterra Energy designs, fabricates and installs first CSP platform offshore Trinidad and Tobago

Aquaterra Energy, a leading global offshore engineering solutions provider, has announced that it has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago. ...»

Cosasco secures corrosion monitoring contract with ONGC

Cosasco, the leader in corrosion and erosion monitoring and chemical injection and optimization, has been awarded a $380,000 contract with Afcons Infrastructure Limited to deliver corrosion monitoring systems for Oil and Natural Gas Corporation Limited (ONGC). ...»

Saudi Arabia is said to signal ambition for $80-oil

Saudi Arabia wants to get oil prices near $80/bbl to pay for the government’s policy agenda and support the valuation Aramco before an initial public offering. ...»

Saudi Arabia is said to signal ambition for $80 oil price

Saudi Arabia wants to get oil prices near $80/bbl to pay for the government’s policy agenda and support the valuation Aramco before an initial public offering. ...»

Adnoc plans first competitive tender for oil and gas blocks

Adnoc will issue its first competitive tender for partners to develop OandG, as the government-owned producer seeks to increase production in the UAE. ...»

Abu Dhabi plans first competitive tender for oil, gas blocks

Adnoc will issue its first competitive tender for partners to develop OandG, as the government-owned producer seeks to increase production in the UAE. ...»

MCEDD gets underway with Eni keynote, operator panel session

The premier deepwater conference kicked off with a speech by EniProgetti CEO Luciana Vasques that outlined the challenges facing operators and service companies in the deepwater offshore market. ...»

Oil-services investors yawn at latest U.S. sanctions on Russia

Investors in the world’s biggest oil-services providers are so far looking past the most punitive round of U.S. sanctions on Russia. ...»

EIA: U.S. oil production growth projected to be led by light, sweet crude oil

Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. These light, sweet crudes, which are produced from tight resource formations, accounted for up nearly 90% of the 3.1-MMbpd growth in production from 2010 to 2017. ...»

Energy lenders may loosen credit spigots after oil's rally

No question, oil above $60/bbl is a big help to North American energy companies. But even with prices up about 20% from a year ago, not everyone will get big boosts in their credit lines during the appraisal season that’s now kicking into high gear. ...»

Panoro Energy reports successful completion of first production well at Tortue

Panoro Energy has announced the successful drilling and completion of the first development well, DTM-2H, in Tortue field, within the Dussafu PSC, offshore Gabon. ...»

BP to develop second phase of Oman’s giant Khazzan gas field

BP today announced that, together with its partner the Oman Oil Company Exploration and Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman. ...»

Lundin Norway begins drilling for extended well testing of Alta discovery

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing. ...»

Rystad Energy: U.S. oilfield services have more to lose than Chinese peers amid trade tensions

U.S. and Chinese based oil and gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows. ...»

ExxonMobil sparks IMF concern with weighty returns in Guyana

ExxonMobil got such a favorable deal from Guyana, the country should rewrite its tax laws, the IMF said. ...»

Cyberattack puts pipeline industry in hot seat

A cyberattack on U.S. natural gas pipelines has lawmakers considering tighter regulation. ...»

China's ENN to cautiously consider Harbour's $10.3 billion Santos offer

Chinese company ENN said it will consider a $10.3 billion takeover from U.S. suitor Harbour Energy for Santos Australian LNG exporter. ...»

Exxon Mobil sparks IMF concern with weighty returns in Guyana

Exxon Mobil got such a favorable deal from Guyana, the country should rewrite its tax laws, the IMF said. ...»

Vallourec inks long-term agreements with Petrobras

Vallourec has announced that it has signed new contracts for the supply of products and services to the Brazilian national oil company Petrobras. ...»

Drillers boost rig activity again as crude production soars

Shale drillers boosted drilling activity in the U.S. oil patch to the highest in three years even as American crude output touched unprecedented levels. ...»

Over $21 billion of capex to be spent on Iran’s oil projects by 2021, says GlobalData

Analysis of crude oil production in Iran shows that approximately $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that production grows to around 4.9 MMbpd in 2021, according to GlobalData, a leading data and analytics company. ...»

Summer of LNG starts with a bang in UK as U.S. ramps up

The start of spring has heralded the return of liquefied natural gas to the UK. ...»

Oil extends weekly loss as Trump urges new U.S. tariffs on China

Oil extended a weekly loss as U.S. President Donald Trump ordered the consideration of new tariffs on Chinese imports, escalating trade tensions. ...»

"Extinction" predicted for Canada energy industry without MandA

Investors have bailed on the Canadian energy sector, although mergers and acquisitions (MandA) north of the border could provide a much needed catalyst, barring pipeline and political developments. ...»

Echo Energy announces rig mobilization for workover campaign in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the mobilization of the rig for a three well workover campaign at the Company's Fracción D asset, onshore Argentina. ...»

After targeting U.S. farms, China can strike America's shale

China’s tariffs in one corner of the energy market signal U.S. shale fields may follow the nation’s farms as a target if a trade war escalates. ...»

Middle East emerges as possible energy winner in U.S. China spat

The Middle East is a potential beneficiary of the brewing trade war between the U.S. and China. ...»

Eni, Qatar said to hold talks for deal on giant Mexico field

Eni SpA is in talks to sell a stake in its giant oil discovery in Mexico to Qatar Petroleum International, according to people with knowledge of the plans. ...»

EIA: U.S. production grew 5% in 2017, likely leading to record 2018 output

Annual average U.S. crude oil production reached 9.3 MMbpd in 2017, an increase of 464,000 bpd from 2016 levels after declining by 551,000 bpd in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 MMbpd, the highest monthly level of crude oil production in U.S. history. ...»

ConocoPhillips provides update on disposition program, acreage additions

ConocoPhillips has provided several updates on disposition activity and early life-cycle acreage acquisition activities. ...»

OMV strikes gas northwest of Morvin field in the Norwegian Sea

OMV (Norway) AS, operator of production licences 644 and 644 B, is in the process of completing the drilling of wildcat well 6506/11-10 in PL 644 B. The well was drilled about 5 km northwest of Morvin field in the central part of the Norwegian Sea and 245 km northwest of Kristiansund. ...»

Statoil's Askeladden jackup seeking its fortune at Gullfaks field

The new Cat J jackup rig Askeladden started drilling at Gullfaks field on March 26, with the goal of providing new production from old wells and exploring to create new value. ...»

Gazprom Neft establishes new digital innovation center

A new Digital Innovation Center is being established at Gazprom Neft, for the development and implementation of digital technologies in logistics, processing and sales. ...»

Liberty Lift Solutions introduces customer portal

Liberty Lift Solutions, LLC, has introduced a new electronic portal allowing customers to track well expenditures for installation, service and inspection on their artificial lift equipment. ...»

Aker Solutions, Kvaerner secure letter of intent for Johan Sverdrup Phase II work

Aker Solutions and Kvaerner together secured a letter of intent for modifications of the riser platform and field center of the Statoil-operated Johan Sverdrup development, Norway's largest oil find in more than three decades. ...»

Oil holds near $63 as crude stocks drop, trade tensions abate

Oil held near $63.bbl after U.S. crude stockpiles declined and trade tensions between the U.S. and China showed tentative signs of easing. ...»

Megaprojects seen becoming less mega as oil giants rein in costs

The world’s biggest energy companies are ready for big projects again. They just need to be cheaper this time around. ...»

Merkel coalition claps back at Trump's attack on gas pipeline

Germany’s governing coalition pushed back against President Donald Trump’s criticism of a gas pipeline with Russia, widening trans-Atlantic tension beyond conflicts over trade and security. ...»

Halliburton releases advanced drill bit with improved layout design

Halliburton has announced the release of Stega efficient layout design, an advanced drill bit that optimizes the placement of back-up cutters to improve bit durability without decreasing drilling efficiency or rate of penetration (ROP). ...»

SM Energy divests remaining Williston basin assets

SM Energy Company has announced that it has entered into two definitive agreements, one for the sale of the Company's remaining assets in the Williston basin located in Divide County, North Dakota, and one for the sale of its third-party operated assets known as Halff East located in Upton County, Texas, for combined proceeds of $292.3 million. ...»

OKEA announces approval of revised PDO for Repsol's Yme field

OKEA, the Seacrest Capital-backed oil and gas development company focused on the Norwegian Continental Shelf, has announced that approval was received for the revised development plan for the Yme field by Norway’s Ministry of Petroleum and Energy. ...»

United Oil and Gas commences seismic acquisition offshore Jamaica

United Oil and Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce commencement of seismic acquisition on the Tullow Jamaica Ltd. operated Walton-Morant licence, offshore Jamaica. ...»

Faroe Petroleum reports significant shows at Hades, Iris prospects

Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), in the Norwegian Sea. ...»

Faroe Petroleum reports significant discoveries at Hades, Iris prospects

Faroe Petroleum, the independent oil and gas Company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), in the Norwegian Sea. ...»

Uganda says UK, Swiss firms building airport for oil basin

Uganda said the UK’s Colas Ltd. and SBI International Holdings AG of Switzerland are jointly developing an airport in the oil-rich Albertine Graben. ...»

Bahrain seeking help from oil majors to develop new shale discovery

Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years. ...»

Cyberattack pings data systems of at least four gas networks

At least four U.S. pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack. ...»

DNO announces acquisition of minority shareholding in Faroe Petroleum

DNO ASA, the Norwegian oil and gas operator, today announced that it has agreed to acquire 15.37% of the share capital of Faroe Petroleum plc from Delek Group Ltd. ...»

Oil falls to two-week low as China retaliates in U.S. trade war

Crude fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump. ...»

Rigged oil auctions said to squander years of PDVSA profits

No country in the Americas is deemed more corrupt than Venezuela. There are so many tales of bribes and influence peddling, it’s hard to keep track. ...»

Oil falls to 2-week low as China retaliates in U.S. trade war

Crude fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump. ...»

OPEC output falls to lowest in a year as Venezuela's woes deepen

OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry. ...»

OHH to host 15th Annual Spring Sporting Clays Tournament in Katy, Texas

Oilfield Helping Hands (OHH) will be holding its 15th Annual Spring Sporting Clays Tournament on April 13, 2018, at Westside Sporting Grounds, in Katy, Texas. ...»

BSEE inspects Shell's new Appomattox platform in the Gulf of Mexico

As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018. ...»

TGS announces new multi-beam and seep study project offshore Brazil

TGS announces the Brazil Southern basins SeaSeep Project in the Campos and Santos Basins, offshore Brazil. The project will cover existing TGS surveys in these hydrocarbon rich basins as well as the highly prospective pre-salt trend where many untested structures exist. ...»

Wintershall becomes Brazil's fourth-largest gas producer with new license awards

Wintershall is continuing its growth course and has now been awarded exploration licenses in Brazil. In its 15th bidding round, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has awarded interests in seven licenses to Germany's largest internationally active oil and gas producer ...»

Petrofac secures further India EPC award

Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India. ...»

Statoil awards new drilling contracts worth NOK 12 billion

Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms. ...»

UAE says oil cuts removed 85% of the oversupply problem

The global deal to rein in oil output has removed “85% of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. ...»

Austria's OMV, Abu Dhabi said to plan oil deal in late April

Austrian oil producer OMV AG and Abu Dhabi National Oil Co. are set to sign a partnership deal to produce oil from offshore fields in the Persian Gulf later this month, according to people with knowledge of the situation. ...»

Top Vietnam oil company says sea tensions hurt investment

Vietnam’s state-owned oil company said South China Sea tensions will hurt oil and gas exploration and efforts to attract foreign investment to offshore fields. ...»

Sparrows Group secures multi-million-pound contract with ONGC

Sparrows Group has secured a multi-million pound contract with India’s Oil and Natural Gas Corporation (ONGC) for the refurbishment of 21 cranes. ...»

BNK announces IP of over 600 boed from SCOOP well

BNK Petroleum announce that its Glenn 16-2H well, in the SCOOP region of Oklahoma, averaged over 610 boed for the last eight days, while still producing back completion fluid. ...»

Harbour Energy seeks Santos growth with $10.3 billion offer

Harbour Energy CEO Linda Cook said she would seek to expand Santos in Asia and Africa after making a $10.3 billion offer for Australia’s third-largest energy producer. ...»

Cyber attack shuts pipeline data system, Energy Transfer says

A system that digitally processes customer transactions for a major pipeline network in the U.S. was shut down Monday after a cyber attack. ...»

WPX Energy exits San Juan basin with $700-million Gallup sale

WPX Energy has closed an agreement to sell its holdings in the San Juan basin’s Gallup oil play to Enduring Resources IV, LLC for $700 million prior to closing adjustments. ...»

BSEE implements new quality assurance process

In an ongoing effort to increase responsible and efficient offshore energy operations, the Bureau of Safety and Environmental Enforcement (BSEE) has implemented a new quality assurance process for reviewing and assessing its permitting systems. ...»

BOEM announces date for Gulf of Mexico Lease Sale 251

Lease Sale 251, scheduled to be livestreamed from New Orleans, will be the third offshore sale under the National Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. ...»

ExxonMobil wins eight deepwater blocks in Brazil's latest bid round

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. ...»

Oil extends rally after U.S. rigs decline as Iran risks persist

Oil’s rally above $65/bbl is being propelled by a sign that American explorers have curtailed drilling activity as well as speculation that the U.S. could reimpose sanctions on OPEC producer Iran. ...»

Total partnership to deploy world's first autonomous offshore robot

Robots could soon be working autonomously alongside humans on a North Sea platform as part of a world-first project from the Oil and Gas Technology Centre, Total EandP (Total) and taurob, in partnership with Technische Universitaet Darmstadt (TU Darmstadt). ...»

Bahrain says its biggest oil find since 1932 dwarfs reserves

Bahrain discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. ...»

Apache announces significant discovery at Garten prospect

Apache Corporation has announced a significant oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 km south of the Beryl Alpha Platform. ...»

Bahrain says its biggest oil find since 1932 dwarfs reserves

Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. ...»

Commissioner Christian encourages Congress to review Jones Act

Railroad Commissioner Wayne Christian (R-Texas) today encouraged Congress to review the Jones Act of 1920. ...»