Tullow has appointed Sheila Khama, Genevieve Sangudi as non-executive directors

Tullow Oil plc is pleased to announce the appointment of Sheila Khama and Genevieve Sangudi as non-executive directors of Tullow with effect from April 26, 2019 following Tullow’s Annual General Meeting (AGM) on April 25, 2019. Both Sheila and Genevieve will stand for re-election to the Board at the 2020 AGM. ...»

At oil industry's big summit, uncomfortable truths creep in

Right from the start of London’s biggest gathering of oil traders and producers, uncomfortable truths began to intrude upon the usual round of business meetings and cocktail parties. ...»

Naviera Tramarsa sends Cougar XT offshore Peru

Offshore operator, Naviera Tramarsa, has extended its underwater robotic vehicle fleet with a new Cougar XT from Saab Seaeye to enter operations in May 2019. ...»

ADES completes acquisition of operations from Weatherford in Algeria

ADES International Holding PLC, an oil and gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has completed the acquisition of four contracted onshore rigs from Weatherford International plc in Algeria. ...»

Shale c-suite turmoil casts shadow on record U.S. oil growth

Shockwaves in the c-suites of shale companies are showing investor frustration with an industry that continues to outspend cash flow. ...»

Nigeria boosts January's oil production, complies with OPEC in February

Nigeria implemented its portion of the OPEC+ production deal in February, said the country’s oil minister, a move that enhances the impact of supply cuts that have already boosted crude prices. ...»

ExxonMobil makes 5 Tcf natural gas discovery offshore Cyprus

ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. ...»

ExxonMobil makes natural gas discovery offshore Cyprus

ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. ...»

Diamond Offshore sees drillship rents almost doubling next year

Diamond Offshore Drilling Inc. said it’s nearly doubling rental rates for deepwater drillships as oil explorers return to sea. ...»

Resilient oil sands power Alberta budget through pipeline morass

A relentless increase in production from Alberta’s oil sands and higher crude prices in the first half of the year are powering the province’s budget through a pipeline shortage that has weighed on economic growth. ...»

How unloved are fracers? Even EOG got called out

Shale fracers right now are about as popular with investors as they are with environmentalists. And on Wednesday, there were hard questions even for a company widely viewed as the best: EOG Resources Inc. ...»

U.S. sanctions on Venezuela are a blessing to Colombian oil

U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers. ...»

API releases updated standard on pipeline systems integrity

The American Petroleum Institute released the third edition of API Recommended Practice 1160 (RP 1160), “Managing System Integrity for Hazardous Liquid Pipelines.” ...»

Apache Corp budgets $2.4 billion in 2019, a decrease of 22%

Apache Corporation has announced its financial and operational results for the fourth-quarter and full-year 2018. ...»

Wintershall position paper on the importance of liquid gas for Europe

Although LNG (liquid natural gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good reasons. ...»

Gazprom improving its industrial and environmental safety efforts

The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures. ...»

U.S. oil imports fall to lowest since 1996 on a weekly basis

The U.S. imported the lowest amount of crude oil on a weekly basis in 23 years, as production hit another record. ...»

Xodus strengthens Perth workforce after successful year

International energy consultancy Xodus Group has grown its team in Perth by almost 50% after a batch of new contract wins in the Asia-Pacific (APAC) region over the last twelve months. ...»

Subsea 7 awarded contract offshore UK

Subsea 7 S.A. has announced the award of a substantial (1) contract by BP Exploration for the provision of subsea construction, inspection, repair and maintenance services covering BP’s North Sea region portfolio of assets West of Shetland and Northern North Sea. ...»

Saudis hold firm on oil output cuts after Trump says "relax"

Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to keep prices down. ...»

How Pemex became the most indebted oil company in the world

After more than a decade of declining production, wasteful spending and a higher tax burden than any other driller in Latin America, it’s little wonder Mexico’s Petroleos Mexicanos is the world’s most indebted oil company. ...»

Aramco eyes LNG deals in next gas strategy

Saudi Aramco aims to become one of the world’s largest players in natural gas and the company is eyeing projects in Russia, Australia, America and Africa to kick-start a global business in the liquefied form of the fuel. ...»

Aramco eyes LNG deals in next in new gas strategy

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Shale backlash hits China after deadly quakes in drilling hub

The backlash against shale drilling in earthquake-prone regions -- a thorn in the side of U.S. energy companies for the past decade -- reached China this week after a series of temblors killed two people and reduced homes to rubble. ...»

Oil companies find a way to cash in by not pumping oil in Canada

Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them. ...»

API joins consumer-focused coalition to push Congress to pass U.S-Mexico-Canada Trade Agreement

The American Petroleum Institute announced that it has joined the newly launched USMCA Coalition, backed by over 200 companies and associations across a wide variety of industries, to urge Congress to approve the U.S.-Mexico-Canada Agreement (USMCA). ...»

Chevron partners with Catalyst to advance gender equality

Chevron Corporation has announced a $5 million grant to Catalyst, a global nonprofit advancing workplace gender equality, in support of expanding the organization’s Men Advocating Real Change (MARC) program, which Chevron adopted in 2016. ...»

ExxonMobil adds 4.5 Bbbl to reserves

ExxonMobil Corporation has said that it added 4.5 Bboe of proved oil and gas reserves in 2018, replacing 313% of the year’s production. ...»

Gates has launched flexible hoses for land, offshore well-control applications

Gates, global provider of application-specific fluid power and power transmission solutions, introduces a new addition to its portfolio of oil and gas well-control products, the 3” ID x 10,000 PSI Black Gold 10k Choke and Kill Hose. ...»

Technical toolboxes has launched new pipeline hub platform

Technical Toolboxes, global provider of desktop and cloud-based pipeline engineering software, as well as industry training for pipeline engineering and technical professionals, has released the Pipeline HUB (HUBPL) to integrate pipeline data and better facilitate customers’ technical work. ...»

BP starts gas production from Trinidad and Tobago’s Angelin project

BP Trinidad and Tobago (BPTT) has announced first gas production from its Angelin development. The project was delivered on time and under budget. ...»

Block Energy to acquire 100% interest in West Rustavi field

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has secured an agreement (the Agreement) with Georgian Oil and Gas Limited (GOG) to increase its working interest (WI) in the West Rustavi licence (West Rustavi or the License) to 100% from the current 25%. ...»

Gazprom makes big staff changes

Alexander Medvedev has been relieved of his post as deputy chairman of the management committee. ...»

Half-billion dollars of sanctioned oil sits offshore Venezuela

Venezuela is running out of space to store its sanction crude, forcing it to reduce output at a time when the world is thirsty for heavy oil. ...»

Fatal earthquake shakes China’s shale drilling region

The backlash against shale drilling in earthquake-prone regions reached China after a series of temblors killed two people and reduced homes to rubble. ...»

Carrizo Oil and Gas announces fourth-quarter, 2018 year-end results

Carrizo Oil and Gas, Inc. has announced the company’s financial results for the fourth quarter and year-end 2018 and provided an operational update. ...»

Marathon oil signs agreement for divestiture of UK business

Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS). ...»

ExxonMobil employees inspire girls to pursue engineering fields

More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career. ...»

Petrobras reports January's oil and gas production

Petrobras informs that in January its total production of oil and gas, including natural gas liquids (NGL), was 2.61 MMboe/y, of which 2.54 MMboed produced in Brazil and 73 Mboed abroad. ...»

Change of managing director at Wintershall Energia

Change of managing director at Wintershall in Argentina: After 29 years in Wintershall, having held various positions in Wintershall Holding and Wintershall Energía, Gustavo Albrecht, managing director of Wintershall Energía S.A. for the last 9 years, will be leaving the company on Feb. 28, 2019. ...»

Nabors appoints Anthony Chase as Director

Nabors Industries Ltd. has announced that it has expanded its board to seven members and appointed Anthony R. "Tony" Chase to fill the vacancy. ...»

Enquest awards KCA Deutag a multi-million dollar contract for three UK North Sea platforms

Global drilling and engineering contractor KCA Deutag has announced that its offshore business unit has been awarded a new drilling contract by Enquest Heather Limited for the Magnus, Thistle and Heather platforms. ...»

SNE field development secures FPSO ahead of FID

Woodside, as operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture, has awarded MODEC International Inc. the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility. ...»

Shell: Need for cleaner air driving strong LNG demand growth

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 MMt to 319 MMt, according to Shell’s latest annual LNG Outlook. ...»

McDermott awarded substantial offshore EPCI contract from Saudi Aramco

McDermott International, Inc. has announced a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia. ...»

Liebherr modernizes Sakhalin Energy's Molikpaq offshore platform in Russia

Liebherr's maritime customer service is carrying out an extraordinary modernization project on Sakhalin Energy’s Molikpaq offshore platform off the Russian island of Sakhalin. ...»

Libya won't restart largest field until militia leaves

Libya’s state-run National Oil Corp refused to restart the country’s biggest field after militants seized and declared it secure earlier this month. ...»

Trump attacks OPEC again, warning against high oil prices

President Trump resumed his attacks on OPEC, saying the world is too fragile to handle a price hike and urging the cartel to “relax and take it easy.” ...»

It’s official: U.S. production reaches 12.0 MMbopd for a new record

Somewhat to its own surprise, the U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 12.0 MMbpd in January, up 90,000 bpd from December 2018’s level, and setting yet another all-time U.S. oil output record. ...»

AMLO's attack on energy regulator stirs concern dissent being silenced

Mexican President Andres Manuel Lopez Obrador has called the Supreme Court dishonest, lambasted Fitch Ratings as hypocritical and accused prior leaders of leaving a pigsty of corruption. But since taking office, he’s never gone after someone the way he has the nation’s energy regulator. ...»

AMLO's attack on energy regulator stirs concern dissent being silenced

Mexican President Andres Manuel Lopez Obrador has called the Supreme Court dishonest, lambasted Fitch Ratings as hypocritical and accused prior leaders of leaving a pigsty of corruption. But since taking office, he’s never gone after someone the way he has the nation’s energy regulator. ...»

Petrobras says oil spilled in Campos Basin in Espirito Santo

...»

Vitol expect oil to rally as OPEC, Venezuela cause shortage

The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on. ...»

Kenya vows to devend its territory in oil row with Somalia

Kenya vowed to “never cede an inch” of its territory in a border dispute with Somalia that has soured diplomatic relations. ...»

CAPP statement regarding NEB recommendation that Trans AC

Canada's National Energy Board (NEB) announced its recommendation that the Trans Mountain pipeline expansion project is in the Canadian public interest. ...»

COGA statement on CDPHE Pneumatic Controller Task Force

The largest study of its kind in the country on pneumatic controllers has been conducted along Colorado’s Front Range over the past year and the preliminary results have been very promising. ...»

Israel's chief geologist says latest bidding round offers changes and upgrades

The history of Israel’s gas and oil development can be subdivided into two distinct periods: 1955 to 1995, and 1999 to today. In the first period, roughly 450 wells were drilled onshore and offshore Israel. ...»

Croatia's Krpan touts new bidding rounds as means to boost output

During the recent North American Prospect Expo (NAPE) held in Houston, the president of the Croatian Hydrocarbon Agency (CHA), Marijan Krpan, visited with World Oil about the steps his government is taking, to improve the country’s oil and gas production. Key among these are two new licensing rounds, one to close in June 2019, and the other to finish in September 2019. ...»

ExxonMobil to increase Permian profitability through digital partnership with Microsoft

ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. ...»

Cabot Oil and Gas Corporation claims 2018 as best year, so far

Cabot Oil and Gas Corporation has announced the best year of its nearly three-decade public-company history that provided record financial results, the culmination and in-service of several long-dated infrastructure initiatives, and continued momentum on the free cash flow front. ...»

Venture Global Calcasieu Pass and TransCameron Pipeline receive construction approval in Louisiana

Venture Global LNG, Inc. announces that the U.S. Federal Energy Regulatory Commission (FERC) has issued the Order Granting Authorizations under Sections 3 and 7 of the Natural Gas Act for the company’s Venture Global Calcasieu Pass LNG export facility and associated TransCameron Pipeline in Cameron Parish, Lou. ...»

Billings Innovator gains international recognition for oilfield tool

An invention that has been more than 12 years in development by a Billings, Montana company has been listed by the National Association of Corrosion Engineers (NACE) as a finalist for the Corrosion Innovation Award. The top ten innovations of the year will be announced on March 24, during NACE’s annual conference in Nashville, Tennessee. ...»

Anadarko Mozambique attacked for first time amid insurgency

Unidentified gunmen attacked an Anadarko Petroleum convoy near its liquefied natural gas project in northern Mozambique, the first targeting an energy company since an insurgency by suspected Islamist militants began 16 months ago. ...»

Warm winter pushes LNG to 17-month low in biggest market

Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper. ...»

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior. ...»

Equinor: Natural gas contributes to the low carbon future

Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. ...»

AMLO sounds death knell for oil reforms with Pemex farm-out halt

Mexico President Andres Manuel Lopez Obrador has suspended future Petroleos Mexicanos farm-out bids, putting one of the final nails in the coffin for the 2014 energy reforms that promised to reverse years of oil-production declines with private companies’ involvement. ...»

Kenya says Somalia misleading world in offshore oil row

Kenya said Somalia is misleading prospective investors by offering to sell four offshore oil blocks in an area that is subject to court proceedings in an ownership dispute between the two countries. ...»

API continues to promote safe U.S. energy development, enhances workplace safety with Recommended Practice 54

The American Petroleum Institute has released Recommended Practice 54 (RP 54), Occupational Safety and Health for Oil and Gas Well Drilling and Servicing Operations, which provides procedures for promoting and maintaining safe and healthy working conditions for personnel in drilling and well servicing operations. ...»

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brasil

TGS announces a new multi-client 3D seismic survey in the Campos Basin in Brazil. The survey will cover approximately 11,200 km2 within the granted permit area and will be acquired by Shearwater with the Amazon Warrior. ...»

Digital is the future for EPC project delivery: Sunder Kalyanam, Petrofac

Group MD – EandC Growth and Chairman of Petrofac India, Sunder Kalyanam, has participated in a panel discussion focusing on ‘the blueprint for the digital success of all value chain partners’ at Chemtech 2019 in Mumbai, India. ...»

Equiinor: Natural gas contributes to the low carbon future

Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29% from 2017. ...»

Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion). ...»

Neptune Energy submits development plans for Duva, Gjøa P1

Neptune Energy has submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the Norwegian sector of the North Sea. First production from the projects is expected in late 2020 or early 2021. ...»

N-Sea wins multi-million dollar North Sea Contracts

N-Sea wins multi-million dollar North Sea Contracts ...»

Targa Resources sells 45% interest in Bakken Assets for $1.6 billion

Targa Resources Corp. has announced that it has entered into definitive agreements to sell a 45% interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. ...»

Empty supertankers reveal truths about today's oil market

They are slowly plowing their way across thousands of miles of ocean toward America’s GOM coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market. ...»

Halliburton breaks ground on first oilfield specialty chemical manufacturing reaction facility in Saudi Arabia

Halliburton Company is pleased to announce it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. ...»

NPD reports production figures for January 2019

Preliminary production figures for January 2019 show an average daily production of 1,8 MMbbl of oil, NGL and condensate, which is a decrease of 30 Mbp day compared to December 2018. ...»

Too big to sell? Concho now bigger than HESS, Continental

Concho Resources Inc. may have become too big to sell just months after its richest-ever acquisition. ...»

Rotterdam Port Fund invests in ExRobotics

The investment fund Rotterdam Port Fund has acquired a stake in ExRobotics. With locations in Breda and Delft, the Netherlands, this firm is a pioneer in the development of robots that can be used in environments with a high explosion risk. ...»

Fluor awarded Halliburton chemicals project in Saudi Arabia

Fluor Corporation has announced that it was awarded the engineering, procurement and construction of the Halliburton Specialty Chemicals Manufacturing Reaction Plant located in the PlasChem Park, Jubail, Saudi Arabia. Fluor booked the undisclosed contract value in the fourth quarter of 2018. ...»

CGG makes GeoSoftware releases with innovative cloud-ready machine learning capabilities

CGG announces that GeoSoftware, part of its Geoscience Division, has launched a new generation of cloud-ready reservoir characterization solutions. ...»

Logan industries completes reduce bore direct action tensioner (RB-DAT) project

Logan Industries (Logan), a hydraulic repair, manufacturing and rental company, has successfully completed a Reduced Bore Direct Acting Tensioner (RB-DAT) project to enable the use of the DAT in shallow water. ...»

Pipeotech licenses leak-proof DeltaV-Seal Gasket technology to Clock Spring

In a strategic effort to expand market presence, Pipeotech the global leader in next-generation, leak-proof sealing technologies has announced it has entered into a partnership agreement with Clock Spring Company Inc. ...»

Tubacex and Senaat join forces to grow in the Middle East

Tubacex and Senaat, an industrial investment holding company owned by the Emirate of Abu Dhabi, have started a strategic partnership to support the development of energy projects in the Middle East. ...»

Benthic completes geotechnical investigation offshore Malaysia

Benthic, a global geosciences company, partnered with Asian Geos Sdn Bhd (Asian Geos), has successfully completed its geotechnical investigation in the Limbayong Field, offshore East Malaysia for PETRONAS Carigali Sdn Bhd (PETRONAS Carigali). ...»

Canadian heavy crude slips as pipeline rationing set to rise

Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month. ...»

U.S. shale boom keeps rolling even as wildcatters save cash

America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less. ...»

Brazil's burgeoning crude production is OPEC’s next headache

Brazilian supply boom poised to challenge OPEC’s efforts to balance the global market. ...»

Rockwell and Schlumberger enter JV to create Sensia cloud, edge-enabled process automation solution

Rockwell Automation, dedicated to industrial automation and information, and Schlumberger, provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, have announced that they have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. ...»

Alberta expects $1.7 billion profit from crude-by-rail operation

Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. ...»

InterDam expands presence with Houston-office opening

InterDam, supplier of fire and blast resistant architectural products for the oil industry, recently opened a new office in Houston, Texas to strengthen its position in the North American market, and leverage the area’s diverse and expansive customer base. ...»

InterDam expands presence with office in Houston

InterDam, supplier of fire and blast resistant architectural products for the oil industry, recently opened a new office in Houston, Texas to strengthen its position in the North American market, and leverage the area’s diverse and expansive customer base. ...»

USGS: Former astronaut named EROS Center director

Former NASA astronaut Christopher J. “C.J.” Loria has been named the newest director of the USGS Earth Resources Observation and Science (EROS) Center in Sioux Falls, S.D. ...»

Noble Energy announces 2018 results, provides 2019 guidance

Noble Energy, Inc. has announced fourth quarter and full-year 2018 financial and operating results. In addition, the company will be focused on delivering sustainable organic free cash flow in 2020 and beyond. ...»

Lukoil's 2018 proved reserves totaled 101%

Lukoil (hereinafter the company) announces the results of the reserves assessment and independent audit as of Dec. 31, 2018. ...»

California's dirty oil gets pricey amid Venezuela sanctions

California doesn’t usually come to mind when talking about the U.S. oil boom, but the state’s dirty oil is commanding an increasingly large premium amid an international shortfall of dense, high-sulfur crude. ...»

James Fisher and Sons has acquired Murjan Al-Sharq Marine Contracting

James Fisher and Sons plc (JFS) has further expanded its capabilities in the Middle East with the acquisition of Murjan Al-Sharq Marine Contracting LLC (MSMC). ...»

American Gilsonite Company has appointed V.P, CCO

American Gilsonite Company (AGC), exclusive supplier of Gilsonite, is pleased to announce the appointment of Craig Mueller as V.P. and CCO, effective immediately. ...»

Chinese oil discovery has Morgan Stanley thinking shale boom

An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling, benefiting service companies and providing a needed output boost for the world’s biggest importer. ...»

Wood awarded EPCI contract by Equinor in Norway

Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project. ...»

OPITO appoints director to support global operations

OPITO, the global, not-for-profit skills body for the energy industry, has appointed Stuart Clow as director with a remit focused on supporting industry safety through high-quality training and competency standards. ...»

Repsol makes significant gas discovery in Indonesia

SKK Migas has confirmed a gas discovery at the Repsol-operated Sakakemang PSC, onshore Central Sumatra, Indonesia, according to Wood Mackenzie's research director Andrew Harwood. ...»

Gas guru who corrected CIA says U.S., Russia pick wrong fight

The scientist who built the most prominent Cold War energy advisory said the U.S. and Russia should set aside their fight over natural gas markets and focus on slashing fossil fuel pollution more quickly. ...»

Weir Oil and Gas awarded contract with Expro for repair of Powerchoke products

Weir Oil and Gas Dubai announced that it has signed a contract with Expro to provide authorized repairs, specifically for Expro’s PowerChokes product range. ...»

BHGE strengthens presence in Qatar across fullstream operations

Baker Hughes, a GE company (BHGE), the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program. ...»

Qatar Petroleum launches energy sector localization program - TAWTEEN

His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “TAWTEEN” – an initiative to enhance localizing the sector’s supply chain and expand the small and medium enterprises base. ...»

Transocean has announced drilling automation of six floaters

Transocean Ltd. has announced that it has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in Norway and a fifth semi-submersible that is expected to commence operations in the Norwegian sea this summer. ...»

KCA Deutag awarded drilling contracts in Middle East, Russia and Africa

Global drilling and engineering contractor KCA Deutag has announced that its land drilling operation has won new contracts and contract extensions worth approximately $110 million. These contracts are for onshore drilling in the Middle East, Russia and Africa. ...»

ADES wins two onshore contracts in Saudi Arabia

ADES International Holding PLC, an oil and gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process. ...»

Venezuelan oil finds home in India as U.S. shuns shipments

India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. ...»

Shell eyes limit to how clean oil output can be

There’s only so much you can do to make oil and gas production cleaner. ...»

Kosmos energy appoints new CEO

Kosmos Energy has announced that chief exploration officer and founding partner Brian F. Maxted has decided to retire from the company effective Feb. 15, 2019. ...»

McDermott executes contract for Pan Malaysia field development

McDermott International, Inc. has announced two sizeable contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia. ...»

Kenya summons envoy to Somalia over disputed oil territory

Kenya summoned its ambassador to Somalia after the Horn of Africa neighbor decided to auction offshore oil and gas blocks the nation considers to be in its territory. ...»

Venezuela's Exit From U.S. Sanctions? Show Maduro the Door

The Trump administration has given Venezuela’s state-owned oil giant, Petroleos de Venezuela SA, and President Nicolas Maduro’s associates a clear path to escape U.S. sanctions: Help bring down the authoritarian leader. ...»

EU starts natural gas price war Trump and Putin will love

The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the region. ...»

TransCanada denied request for some Keystone XL preparations

TransCanada Corp. was partly denied a request to continue some pre-construction work on the Keystone XL oil pipeline while a dispute over the project’s environmental review wends its way through the courts. ...»

The OPEC+ oil deal is standing on one wobbly leg

I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter. ...»

Rowan receives clearance for Ensco merger

Rowan Companies plc has announced that it has received clearance from the United Kingdom's Competition and Markets Authority for its pending combination with Ensco plc. ...»

Gazprom sign subsea production equipment contract

Alexey Miller, chairman of the Gazprom management committee, and Yan Novikov, chairman of the management board, director general of the Almaz-Antey Corporation, at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases. ...»

Buffett's oil bet not only a rallying cry for fracers

Warren Buffett showing up in your share register can be a bittersweet affair. ...»

U.S. Treasury sanctions Venezuela Oil Chief Quevedo, four others

The U.S. Treasury Department sanctioned Venezuelan Oil Minister Manuel Quevedo, who also serves as the head of its state-owned oil giant, PDVSA, and four other officials for their ties to President Nicolas Maduro. ...»

Maersk Supply Service completes fleet renewal program

Maersk Maker, the final vessel of Maersk Supply Service’s Starfish AHTS newbuilding series, was delivered yesterday from Kleven Yard. ...»

Proposed U.S. sanctions could impact Russian gas exports

New Russia sanctions proposed by members of the U.S. Congress could hinder the development of natural gas export pipelines. ...»

Shutdown of historic field forces Dutch to look abroad for gas

After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands. ...»

Encana completes acquisition of Newfield Exploration

Encana Corporation has announced that it has completed its acquisition of Newfield Exploration Company in an all-stock transaction. ...»

Chesapeake engages RS Energy Group to drive innovation, shareholder returns

Chesapeake Energy Corporation has announced an innovative partnership to accelerate the company's digital transformation and data-driven growth initiatives. ...»

Oil crash is over, but debt is still piling up in the Gulf

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World's biggest battery to boost solar for Texas oil country

The world’s largest battery could soon be storing solar energy deep in the heart of Texas oil country. ...»

Big oil's big issue with embracing 'big energy'

Oil majors increasingly are trying their hand at being alternative-energy minors. ...»

BP energy outlook 2019 envisions rapid growth, low-carbon future

The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. ...»

Upstart pitches plan for cheapest U.S. gas on water

A little-known company is planning to be a standout in the crowded field of U.S. shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid. ...»

Shale support secures deal as provider for tier-one EandP

Shale Support Holdings, LLC, a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, has announced it has finalized a deal as a provider for a tier-one petroleum and natural gas exploration and production company ...»

Aramco comes out to play on an empty playground

According to Khalid Al-Falih, Saudi Arabia’s energy and industry minister and chairman of Saudi Arabian Oil Co., “the world is going to be Saudi Aramco’s playground.” If it is, then that will be partly because some others have ceded ground. ...»

Price for heavy-crude surges with U.S. ban on Venezuelan oil

Some of the world’s dirtiest and densest crudes, traditionally spurned for being too difficult to process, are having a moment in the sun, with a little help from President Trump. ...»

Shrinking demand may necessitate OPEC production cut extension

Even as OPEC begin implementing the output cuts they agreed in December, the world’s crude requirements are shrinking further, suggesting that they will need to extend the deal through the second half of the year. ...»

Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical. ...»

125 years of Wintershall: Anniversary year and start of a new chapter in the company’s history

Wintershall was founded exactly 125 years ago, on Feb. 13, 1894. “A proud birthday only few companies get to experience,” says Mario Mehren, Wintershall’s CEO. Wintershall is now Germany’s largest internationally operating crude oil and natural gas producer. ...»

BHP approves Atlantis Phase 3 project

The BHP Board has approved $696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the U.S. Gulf of Mexico. This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019. ...»

Danos to acquire Shamrock Energy Solutions

Danos is pleased to announce that it has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company, based out of Houma, La. ...»

U.S. Interior has announced region-wide oil and gas lease sale Gulf of Mexico

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced that BOEM will offer 78 million acres for a region-wide lease sale scheduled for March 2019. ...»

IEA says Venezuela crisis risks disrupting global crude market

The political crisis in Venezuela risks disrupting global crude markets as the type of oil pumped by the OPEC member becomes increasingly scarce, according to the International Energy Agency. ...»

Nigeria's new gusher just made OPEC compliance a little harder

Nigeria is about to ship the first cargo of crude oil from a new deposit about 90 mi off its coast. ...»

Oil extends gain on Saudi output pledge, Trump trade flexibility

Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China. ...»

Texas shale forces big oil cost revolution, Chevron CEO says

Texas shale forces big oil cost revolution, Chevron CEO says ...»

Rowan executes contract with Petronas Mexico for Rowan Renaissance

Rowan Companies plc has announced that the Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico by PC Carigali Mexico Operations, S.A. de C.V. for an estimated duration of 80 days that is expected to commence in the second quarter of 2019. ...»

DEA awarded new license in the onshore Nile Delta

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 km2 and is located west of the Disouq development leases, where DEA is the operator with a licence share of 100%. ...»

Neptune Energy awarded oil exploration license in Egypt

Neptune Energy has today been awarded an operated oil exploration licence in the North West El Amal offshore concession in Egypt by the Egyptian General Petroleum Corporation. ...»

Chevron CEO vows to work with U.S. to remain in Venezuela

Chevron Corp., CEO Mike Wirth pledged to work closely with the U.S. to remain in Venezuela despite a spiraling crisis that has led rival oil major Total SA to retreat. ...»

USGS: Vegetation recovery on abandoned oil and gas well sites is variable

Recovery of vegetation on plugged and abandoned oil and gas well sites on the Colorado Plateau is influenced by time, moisture, nonnative plants and the type of plant community that was originally in place before well sites were constructed, according to a recently published study by the U.S. Geological Survey. ...»

Hunting introduces H-2 Perforating System

Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, has developed the shortest plug-and-play, perforating gun system capable of firing up to four shots per 7.5-in. cluster. ...»

Sentinel Midstream plans deepwater crude oil export facility near Freeport, Texas

Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas ...»

Texas RRC launches new feature on Public GIS Map Viewer

The Railroad Commission of Texas’ Public Geographic Information System (GIS) Map Viewer can now display data for multiple wells in a defined radius area set by a user. ...»

API: New hire in North Carolina to promote key benefits of natural gas, oil

The American Petroleum Institute is growing its North Carolina office to bolster its advocacy efforts on the importance of natural gas and oil, energy infrastructure projects, and how the energy revolution helps support the continued delivery of reliable and affordable energy to consumers across the state. ...»

TGS enters new play in U.S onshore, with Railgun 3D seismic survey in the Powder River Basin

TGS announces a new multi-client onshore 3D seismic survey, Railgun 3D, located within the Powder River Basin. ...»

DEA awarded new licence in the onshore Nile Delta

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 km2 and is located west of the Disouq development leases, where DEA is the operator with a licence share of 100%. ...»

Neptune Energy awarded oil exploration licence in Egypt

Neptune Energy has today been awarded an operated oil exploration licence in the North West El Amal offshore concession in Egypt by the Egyptian General Petroleum Corporation. ...»

SDX expands presence in Morocco with new licenses, seismic commitment

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses. ...»

Equinor has dry well in the southeastern Barents Sea

Wildcat well 7132/2-1 was drilled about 109 mi (175 km) north of Vardø, in the southeastern part of the Barents Sea. ...»

Tenaris to open sucker rods manufacturing facility in Conroe, Texas

Tenaris will open its sucker rods manufacturing facility in Conroe, Texas, in July 2019, offering customers high quality sucker rods and accessories, produced domestically, further streamlining the U.S. supply chain. ...»

Ingersoll Rand plans to acquire Precision Flow Systems for $1.45 billion

Ingersoll-Rand plc, creator of comfortable, sustainable and efficient environments, has announced it has made a binding offer to acquire Precision Flow Systems from funds advised by BC Partners Advisors L.P. and The Carlyle Group for $1.45 billion. ...»

Ampelmann opens office in Sakhalin, expands its reach in the Russian market

Dutch offshore service provider Ampelmann has opened a new office in Sakhalin, Russia, in a move to expand its presence in the local market. ...»

Largest Libyan oilfield ready to restart

Forces loyal to Libya’s eastern leader Khalifa Haftar have taken control of the country’s biggest oil field and say the deposit is secure and ready to resume production. ...»

U.S. sanctions spark surge for Venezuelan crude in China

U.S. sanctions that have effectively blocked American imports of Venezuelan oil are leading to a crude-price surge thousands of miles away in China. ...»

Transocean Ltd. has provided quarterly fleet status report

Transocean Ltd. has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. ...»

Egypt dangles incentives to draw more oil, gas investors

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year. ...»

Blackstone Energy has partnered with a Permian Basin water management platform

Blackstone has announced that funds managed by Blackstone Energy Partners L.P. have formed Waterfield Midstream, a full-cycle provider of water management services, including water gathering, treatment, recycling and disposal, to provide solutions to producers in the Permian Basin. ...»

India’s PM Narendra Modi presents ADNOC Group CEO with “International Lifetime Achievement Award” at Petrotech 2019

His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO of the Abu Dhabi National Oil Company (ADNOC), was honored, today, with the “International Lifetime Achievement Award” for his outstanding contribution to the global energy industry. ...»

CGG, TGS to conduct Greater Castburg survey

CGG and TGS announce the Greater Castberg TopSeis survey in the Barents Sea. The survey is 5,000 km2, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology. ...»

Petrofac secures UK well service agreement

Petrofac secures UK well service agreement ...»

Tata Steel makes key appointment to support business growth

Tata Steel has announced a key appointment as the company looks to maximize on an upturn in its oil and gas activity. ...»

Shell has extended PDandMS's EPC modifications contract

PDandMS has won a two-year contract extension with Shell UK, extending an existing partnership through to April 2021, and securing in the region of 50 full time jobs. ...»

BP starts gas production from the second stage of Egypt's West Nile Delta

BP has announced first gas production from the second stage of its West Nile Delta development offshore Egypt. ...»

Kuwait Petroleum to reassess $500 billion spending plan

Kuwait Petroleum is reassessing plans to spend $500 billion and may decide to combine its eight business units into four to streamline the company. ...»

Venezuela oil czar courts India after $20 billion hit from U.S.

Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled OPEC producer seeks closer ties with major crude customers in the face of crippling U.S. sanctions. ...»

Alberta's would-be leader vows to drop gloves in fight over oil

Canada’s oil sector may soon get a more combative advocate in the Alberta premier’s office. ...»

Iran oil industry faces bleak outlook 40 years after revolution

As Iran’s Islamic Republic enters a fifth decade, its energy industry has little to celebrate. The country’s crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years, even without U.S. sanctions. ...»

TransCanada says Keystone Pipeline is likely source of oil spill

TransCanada Corp. said its Keystone pipeline, which carries Canadian crude to the U.S., was likely the source of an oil spill in Missouri that prompted the company to shut a segment of the line. ...»

India set to hold third oil, gas block auction under new policy

India announced a third round of auctions in a year for oil and gas blocks under a more liberal policy, targeting to raise as much as $700 million in exploration investments as the country seeks to cut its reliance on imports. ...»

Two competing forces are setting the price of oil

As winter keeps its grip on the northern hemisphere it is the oil bulls, not the bears, who have gone into hibernation. The price rally that greeted the new year has fizzled out as renewed concerns about demand growth outweigh the tightening of oil supply through OPEC cuts and U.S. sanctions. ...»

Kuwait Petroleum said to reassess $500 billion spending plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units into four to streamline the company, according to a person familiar with the matter. ...»

Texas drilling permits, completions statistics for January 2019

The Railroad Commission of Texas (Commission) issued a total of 1,196 original drilling permits in January 2019 compared to 1,166 in January 2018. ...»

BLM makes record-breaking $1 billion from OandG lease sales

The Bureau of Land Management (BLM) has announced that 2018 was a record year for oil and natural gas lease sales – generating more than $1 billion – an amount that was nearly equal to the BLM’s budget for Fiscal Year 2018. ...»

StormGeo, DNV GL merge to create fleet performance management solution

StormGeo and DNV GL have announced that they have signed an agreement to consolidate their fleet performance solutions under one banner. ...»

Equinor increases 2018 earnings, eyes offshore U.S.

"In 2018 we sanctioned seven new projects, which will deliver more than 1 Bbbl of resources to Equinor at an average break-even price of $14 and very low CO2 emissions." ...»

Apache reduces budget, focuses on U.S.

Apache Corporation has announced that its board of directors has approved a 2019 upstream capital budget of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018. ...»

LAGCOE 2019 issues call for speakers

The LAGCOE 2019 Conference Committee is now accepting speaker applications for consideration for its biennial conference and exposition to be held Oct. 9-11, 2019 at the Ernest N. Morial Convention Center in New Orleans, La. ...»

LAGOCE 2019 issues call for speakers

The LAGCOE 2019 Conference Committee is now accepting speaker applications for consideration for its biennial conference and exposition to be held Oct. 9-11, 2019 at the Ernest N. Morial Convention Center in New Orleans, LA. ...»

Apache allocates ~$75% of its reduced budget of $2.4 billion to U.S. projects

Apache Corporation has announced that its board of directors has approved a 2019 upstream capital budget of $2.4 billion. This represents a significant reduction from its previous 2019 investment plan, as well as from its actual upstream investment level in 2018. ...»

France joins U.S. in questioning gas pipeline backed by Merkel

In a last-minute announcement, France agreed to back a European Union proposal creating hurdles for a controversial natural-gas pipeline, rejecting an appeal by German Chancellor Angela Merkel’s government. ...»

What crash? Big oil proves the crude price is just a number

The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers. ...»

Chevron aligns strategy with Paris deal but won't cap output

Chevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting. ...»

Two key pipeline shutdowns cause Canadian oil price to slip

Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. ...»

Anti-OPEC bill allowing U.S. to sue oil cartel moves forward

Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. ...»

Africa Oil makes significant discovery, opens South Africa petroleum province

Africa Oil Corp. has announced a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%). ...»

Lukoil begins drilling new production wells at West Qurna-2

Lukoil commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. ...»

FracGeo launches DrillPredictor software to optimize completions

FracGeo announces the launch of its software module DrillPredictor, a cloud- and subscription-based web service to put completion optimization in the hands of any unconventional reservoir operator. ...»

WellConnection Group signs deal on first UK acquisition

WellConnection Group, a leading Norwegian inspection, maintenance and repair (IMR) company has acquired Peterhead-based Independent Oilfield Services (IOS) in a deal which marks their entrance into the UK market. ...»

Hydraulic fracturing conference hits full stride on day two

On the second day of SPE’s hydraulic fracturing conference, held on Wednesday, in the Woodlands, Texas, the technical presentations kicked into high-gear, with four major categories being explored by SME’s from operating companies, service providers and academia. ...»

Majors exceed earnings expectations in 2018

The crude market had its worst quarter in four years, but you wouldn’t be able to tell by looking at the majors’ stellar earnings numbers. ...»

Majors exceed earnings expectations in fourth quarter

The crude market had its worst quarter in four years, but you wouldn’t be able to tell by looking at the majors’ stellar earnings numbers. ...»

South Africa's major offshore discovery opens prospect of drilling boom

South Africa’s first deep-water discovery may prompt a rush of activity as the country works to cut its reliance on imported fuels. ...»

Venezuela oil sanctions working to pressure Maduro, Mnuchin says

Treasury Secretary Steven Mnuchin said U.S.-imposed oil sanctions are putting pressure on the embattled Venezuelan President Nicolas Maduro, who the U.S. is trying to oust. ...»

Suncor sees Alberta oil cuts ending early as prices over-correct

Suncor Energy Inc. CEO Steve Williams said he expects Alberta’s mandated oil-production cuts to end earlier than planned after the program boosted heavy crude prices so much that it made purchases unprofitable for U.S. refiners. ...»

Texas-size glut of frac sand accumulating as demand weakens

Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. ...»

Carrizo forecasts production growth rate of 11% in 2019

Carrizo forecasts production growth rate of 11% in 2019 ...»

Hydraulic fracturing conference focused on increasing efficiencies in shale plays

SPE’s hydraulic fracturing conference kicked-off yesterday, Feb. 5, with a plenary session that outlined the significance of properly identifying frac hits. ...»

BHGE introduces lightest, non-composite conventional frac plug

Baker Hughes, a GE company has announced the introduction of its MILLITE lightweight frac plug, which mills out more smoothly and cleans up better than any other conventional frac plug on the market, cutting costs and helping customers achieve first oil faster. ...»

Wood, KBR, win Crux FEED project offshore Western Australia

Wood and KBR,Inc. have secured a new multi-million dollar contract to deliver integrated front-end engineering design (FEED) for Shell Australia’s Crux project to build a not normally manned (NNM) platform and gas export pipeline located approximately 373 mi (600 km) north of Broome, offshore Western Australia (WA). ...»

Airborne Oil and Gas strengthens its presence in Brazil

Airborne Oil and Gas announces that Renato Bastos has joined Airborne Oil and Gas, as V.P. Brazil, strengthening its presence in Brazil. ...»

Seadrill signs new JV with Sonangol, Angola

Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. ...»

Chemstream has launched innovative hydraulic fracturing friction reducer technology

Chemstream Oilfield Services today announced its hydraulic fracturing friction reducer technology (StimSTREAM FR 9800) is reaching up to a 40% decrease in FR usage and has provided significant hydraulic fracturing chemical savings for six natural gas producers in the Appalachian Shale basin. ...»

ExxonMobil, Hess have made two new discoveries offshore Guyana

Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. ...»

Hess has made two new discoveries offshore Guyana

Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. ...»

ADNOC awards $1.36 billion contract for construction of Ghasha Concession Artificial Islands

The Abu Dhabi National Oil Company (ADNOC) announced, the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession. ...»

EnQuest reports good 2018 performance, expects 20% growth in 2019

EnQuest has reported a good 2018 production performance, cost control and cash generation, and expects a 20% production growth between 63,000 boed and 70,000 Boed in 2019 with a continued focus on debt reduction. ...»

BP surges as profit exceed expectations, returns get a boost

BP Plc joined its Big Oil peers by giving investors a positive surprise, exceeding profit estimates and earning better returns than its closest European rival. ...»

Trump's refiner squeeze: Venezuela sanctions, keystone failure

U.S. refiners are eager to buy Canadian heavy crude to replace supplies they had been importing from Venezuela that are now blocked by Trump administration sanctions. ...»

OPEC's oil exports to U.S. fell to five-year low in January

Less foreign oil is reaching American shores, as OPEC production cuts kick in and U.S. sanctions on Venezuela curb its exports. ...»

ExxonMobil, Qatar bet on U.S. gas export with $10 billion project

ExxonMobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas, the latest in a series of massive projects designed to send U.S. shale supplies to growing markets across the globe. ...»

Exploration's back in black

After a difficult few years, the exploration sector is back in the black – and keen to stay there. ...»

$1.9 million investment in Enpro technology supports business growth

Aberdeen-based production optimization specialist Enpro Subsea has announced that the $1.9 million (£1.5million) investment project in its Flow Intervention Services (FIS) technology, which included a $977,800 (£755,000) research and development grant from Scottish Enterprise, has started onshore testing ahead of planned subsea field trials later this year. ...»

Conventional oil and gas investments remain key

Investment in conventional oil and gas remains a core component and challenge in the short-to-medium term, despite the move towards a long-term lower-carbon future energy mix, delegates heard at Petroleum Economist’s 5th Annual GCC Energy Strategy Forum in Kuwait City. ...»

i-Tech Services positioned for growin in Gulf of Mexico

i-Tech Services, a Subsea 7 company, has taken on 13 new people in Houston following a successful twelve months which saw the office secure a series of new contract awards in the Gulf of Mexico. ...»

Bedrock Automation, Wood parter to advance Open Secure Automation

Bedrock Automation, the maker of the world’s most secure open industrial control system (ICS), has established a partnership agreement with Wood, a globally recognized integration provider. ...»

BP doubles profits in 2018 driven by strong operating performance

We now have a powerful track record of safe and reliable performance, efficient execution and capital discipline. ...»

Anadarko has made an LNG sale and puchase agreement with Tokyo Gas and Centrica

Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 MMtpa from the start-up of production until the early 2040s. ...»

Reveal Energy Services commercializes FracEYe frac hit analysis service

Reveal Energy Services announces today the commercialization of the FracEYE(SM) frac hit analysis service to expand the industry’s knowledge base about this critical issue of parent well-child well communication. ...»

Silixa Limited has launched Carina XwellXpress hydraulic fracture monitoring service

Silixa Ltd announces the launch of Carina XwellXpress, the crosswell low frequency strain and microseismic monitoring service that accurately locates microseismic and strain events in real-time through wireline interventions, allowing operators to improve stimulation and completion designs to maximize recovery. ...»

Tiny Guyana could soon pump more oil than OPEC member Venezuela

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years. ...»

Guaido U.S. envoy vows to open oil deals, restructure debt

Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as it seeks to revive the oil sector and encourage private investment, National Assembly leader Juan Guaido’s representative to the U.S. said. ...»

SwRI supports JIP to verify drilling sensors, systems

Southwest Research Institute is helping lead the first phase of a joint industry program (JIP) to verify and validate oil and gas drilling sensor systems. ...»

NOIA applauds nomination of David Bernhardt as next Interior Secretary

National Ocean Industries Association President Randall Luthi has issued a statement regarding the nomination of David Bernhardt as secretary of the interior. ...»

Allen-Bradley controller steers operators to better production decisions

Industrial workers can strengthen their grasp of production and make more informed operating decisions with the new Allen-Bradley CompactLogix 5480 controller by Rockwell Automation. ...»

WFW advises Foresight Group on delivery of third new-build jackup drilling rig

Watson Farley and Williams advised Foresight Group on the delivery arrangements relating to a LeTourneau Super 116E jackup drilling rig named Vivekanand 3. ...»

Aker BP has made a discover at Froskelår

Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main prospect. ...»

Comstock Resources has reported 109% in proved oil, gas reserves in 2018

Comstock Resources, Inc. has announced that its proved oil and natural gas reserves as of Dec. 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 MMbbl of crude oil and 2,283 Bcf of natural gas or 2,424 Bcfe as compared to total proved reserves of 1,162 Bcfe as of Dec. 31, 2017. ...»

James Fisher Offshore, First Subsea technology fusion ready for lift-off

Subsea project delivery firms James Fisher Offshore (JFO) and First Subsea have joined forces to launch a cut and lift product that aims to streamline decommissioning projects worldwide, simplifying operations while reducing costs and risk. ...»

U.S. oil refiners cut off from Venezuelan crude after sanctions

U.S. oil refiners won’t be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the nation. ...»

Russia’s January oil output cuts come below Novak’s estimate

Russia’s crude producers removed their first 42,000 bpd from the market in January under the OPEC+ output-cut agreement. ...»

ExxonMobil earned $20.8 billion in 2018, $6 billion in fourth quarter

ExxonMobil Corporation has announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. ...»

Chesapeake has completed acquisition of WildHorse Resources

Chesapeake Energy Corporation has announced that it has completed its acquisition of WildHorse Resource Development Corporation. ...»

Chesapeake has completed aquisition of WildHorse Resources

Chesapeake Energy Corporation has announced that it has completed its acquisition of WildHorse Resource Development Corporation. ...»

Rosneft increased its proven hydrocarbon reserves by 4% in 2018

As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe). ...»

U.S. challenges court ruling that blocked Keystone XL Pipeline

The Trump administration is appealing a federal court in Montana’s decision to block TransCanada Corp.’s $8 billion Keystone XL crude pipeline project. ...»

How Donald Trump plays havoc with OPEC policy

If timing is everything, why does OPEC seem to keep getting it so wrong? ...»

The curious case of Norway's 60 MMbbl of missing oil

Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises. ...»

ADNOC awards OXY first onshore exploration block in Abu Dhabi

The Abu Dhabi National Oil Company (ADNOC) announced the signing of an agreement, awarding an onshore block – known as Onshore Block 3 – to U.S. ...»

GEODynamics offers HELLfire perforating system

GEODynamics, Inc. introduces the new patented HELLFire perforating system, a revolutionary solution that allows the oil and gas industry to more effectively complete multi-stage plug-and-perf operations. ...»

GEODynamics offers HELLfire perforating system to improve completion of plug-and-perf operations

GEODynamics, Inc. introduces the new patented HELLFire perforating system, a revolutionary solution that allows the oil and gas industry to more effectively complete multi-stage plug-and-perf operations. ...»

Halliburton installs 300th FlexRite System in North Sea

In 2012, an operator required a solution for achieving new levels of zonal control in its multilateral wells. ...»

Nissan Chemical to release nanoActive products at SPE HFTC

Nissan Chemical America Corporation will be exhibiting their line of nanoActiv products as well as sharing recent performance results from various treated wells at SPE HFTC. ...»

Shell, partners start deep-water production at Lula North in Brazil

Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin. ...»

NOIA 2019 Safety in Seas Awards deadline approaching

There is just one week left to enter the National Ocean Industries Association (NOIA) 2019 Safety in Seas Awards competition. ...»

ExxonMobil shares bounce back as Permian output soars

Exxon Mobil shares jumped after surpassing analysts’ forecasts by almost one-third with the biggest refining bonanza in six years and booming oil production in the Permian basin. ...»

OPEC’s output drops the most in two years

OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal. ...»