Texas oil production fell in January as pipeline bottlenecks prompted cut backs

The decline pushed overall U.S. production lower by 90,000 bopd, marking the first national drop since May, according to revised data from the Energy Information Administration. January production clocked in at 11.87 MMbopd. ...»

Houston chemical disaster zone too hazardous for investigators

Intercontinental Terminal Co. is still trying to drain millions of gallons of volatile oil byproducts from tanks damaged in the four-day blaze that began on March 17. ...»

Trump issues new permit for Keystone XL pipeline circumventing court order

The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a person familiar with the matter. ...»

Federal judge blocks President Trump's Arctic drilling plans

The Trump administration's attempt to restore oil and gas leasing in U.S. waters was blocked by a federal judge in Alaska, delivering a win to environmentalists who argued that offshore drilling isn’t worth the risk. ...»

Libya unable to revive production it needs to boost economy, UN worried

The warning by Ghassan Salame hangs over tortuous efforts by the North African nation’s two rival leaders to reach a power-sharing agreement that could mark a breakthrough in ending a ruinous eight-year war that began with the ouster of Moammar Qaddafi. ...»

Keystone XL project critical to safely delivering energy to U.S.

The American Petroleum Institute issued a statement in support of President Trump’s issuance of a new Presidential permit for Keystone XL (KXL). ...»

ADNOC Drilling completes first integrated drilling services in UAE

ADNOC Drilling, an Abu Dhabi National Oil Company (ADNOC) subsidiary, has announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. ...»

Russian production raise crude for best first quarter since 2002

Futures rose as much as 2.4% in New York on Friday before paring some of those gains. Russia deepened its output cuts and Energy Minister Alexander Novak said he will discuss their extension a day after it was reported Russia had been considering letting them lapse in September. ...»

Sabic, Aramco look for cost savings in $69-billion takeover negotiations

As the two companies discuss details of Aramco’s $69-billion takeover, determining cost savings for both may just take a bit of time, according to Sabic's CEO. ...»

BP, Shell both claim number one investor-returns spot

"This ones on top, then that ones on top and on and on it spins crushing those on the ground," said Daenerys Targaryen from the hit television drama Game of Thrones. ...»

Shell working to become world’s top electricity producer

Shell could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power company by the 2030s. ...»

Stress Engineering's condition based maintenance of drilling riser systems receive OTC award

Stress Engineering Services, Inc., (SES) the consulting engineering services company, has received an OTC Spotlight on New Technology (SONT) Award for its condition based maintenance (CBM) of drilling riser systems. ...»

Railroad Commission of Texas has fined more operators, businesses $520,000

The Railroad Commission of Texas assessed $520,394 in fines involving 321 enforcement dockets against operators and businesses at the Commissioners' conference this week. ...»

ABB showcases digital transformation at Hannover Messe

At this year’s Hannover Messe, ABB will provide a glimpse into the groundbreaking collaboration and digitalization technologies that are at the heart of its transformation as a leader focused in digital industries. ...»

DNV GL confirms Samsung Heavy Industries' INTELLIMAN Ship software meets compliance standards

DNV GL has announced that Samsung Heavy Industries (SHI) INTELLIMAN Ship software complies with the EU-MRV and IMO-DCS regulations. DNV GL issued a factual statement confirming compliance in a ceremony at the SHI RandD Center in Daejeon, South Korea. ...»

Colorado's SB181 advances to House

The House Finance Committee voted along party lines Monday night as Democrats advanced Senate Bill 181 to the House Appropriations Committee. ...»

Equinor receives consent for exploration drilling in Barents, North Sea

The Petroleum Safety Authority of Norway has given Equinor Energy consent to drill exploration well 16/5-7 in production license 502 in the North Sea. ...»

TechnipFMC awarded sizeable EPCI contract for Eni Merakes field, offshore Indonesia

TechnipFMC has been awarded a large integrated engineering, procurement, construction, transportation and installation (iEPCI) contract by Eni for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 4,921 ft (1,500 m). ...»

Stress Engineering's condition based mainenance of drilling riser systems receive OTC award

Stress Engineering Services, Inc., (SES) the consulting engineering services company, has received an OTC Spotlight on New Technology (SONT) Award for its condition based maintenance (CBM) of drilling riser systems. ...»

Railroad Commission of Texas has fined operators, businesses $520,000

The Railroad Commission of Texas assessed $520,394 in fines involving 321 enforcement dockets against operators and businesses at the Commissioners' conference this week. ...»

PDi wins $2.6 million in 2019 orders, expands engineering capabilities

PDi Ltd, a Tattva Group Company and subsea engineering and project management specialists, has announced ambitious expansion plans and over $2.62 million (£2 million) of new orders since the start of the year. ...»

BHP balances bid on Blackstone-backed Bluewater

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BHP mulling bid for Bluewater exploration JV

BHP Group is among the potential bidders for Blackstone Group LP and LLOG Exploration Co.’s oil-exploration joint venture Bluewater, according to people with knowledge of the matter. ...»

President Trump stresses oil prices too high, urges OPEC to increase production

It’s the second time this year that U.S. President Donald Trump has taken to Twitter to urge the cartel to backtrack on its current policy of cutting production. Unlike last year, when Trump’s attacks triggered a swift U-turn in Saudi oil policy, the group has so far ignored his calls. ...»

President Trump stresses oil pricess too high, urges OPEC to increase production

It’s the second time this year that U.S. President Donald Trump has taken to Twitter to urge the cartel to backtrack on its current policy of cutting production. Unlike last year, when Trump’s attacks triggered a swift U-turn in Saudi oil policy, the group has so far ignored his calls. ...»

Premier Oil has sold its Pakistan business for $65.6 million

Premier is pleased to announce that it has completed the sale of Premier Oil Pakistan Holdings BV, which comprises Premier’s Pakistan business, to Al-Haj Energy Ltd. ...»

Saudi Aramco to purchase Sabic stake for $69 Billion in MENA record-breaking deal

In the Middle East's record-setting deal, the world's biggest oil producer, Saudi Aramco, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. ...»

Saudi Aramco to purchase Sabic stake for $69 Billion in MENA's biggest deal

In the Middle East's record-setting deal, the world's biggest oil producer, Saudi Aramco, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. ...»

Offshore drilling makes comeback with increased spending, activity

After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. ...»

Lundin's Solveig PDO includes five satellite wells in North Sea

The Norwegian Petroleum Directorate has received the Plan for Development and Operation (PDO) for the Solveig oil discovery in the North Sea. ...»

Airswift has named V.P., director in North America expansion

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, is demonstrating significant strategic growth across North America with new hires and senior promotions. ...»

SPE/ICoTA ’19: Industry showcases digitization and enhanced interpretation models

On the opening day of the joint SPE/ICoTA Well Intervention Conference, operators discussed innovations, new solutions, and case histories in four technical sessions at the meeting held in The Woodlands, Texas. ...»

Vedanta Limited reports oil discovery in India's Krishna-Godavari basin

Vedanta Limited has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari basin, East Coast of India. ...»

SPE/ICoTC ’19: Industry showcases digitization and enhanced interpretation models

On the opening day of the joint SPE/ICoTA Well Intervention Conference, operators discussed innovations, new solutions, and case histories in four technical sessions at the meeting held in The Woodlands, Texas. ...»

Mozambique to establish sovereign wealth fund to govern gas revenue

Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said. ...»

Houston Channel emphasis grows as oil, gas exports rise

On a normal day, 42 tankers, 19 freighters, 391 barges, 128 ferries and 2 cruise ships will move through the Houston Ship Channel. On any given day, one of those tankers may be as long as 1,500 ft. ...»

Nigeria's oil-rich Bayelsa State opens inquiry on spills

Nigeria’s oil-rich Bayelsa state started an inquiry into the human and environmental impact of spills caused by multinational businesses operating in the region, opening a potential new conflict with companies that pump the bulk of the nation’s crude. ...»

Commodity traders accelerate industry growth with LNG investments

With margins narrowing in the crude oil business, some of the world’s biggest commodity trading houses are helping to reshape the energy industry with a drive into liquefied natural gas. ...»

Infected U.S. shale oil is being turned away by Asian buyers

The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top oil producer is causing a headache for some crude buyers. ...»

Exclusive: U.S. DOE’s funding request for FY2020 could see contentious hearing

The Senate Energy and Water Development Subcommittee will hold an important hearing on the fate of the U.S. Department of Energy’s Fiscal year 2020 funding request during Wednesday afternoon, March 27. ...»

Total's venture into South Africa's deep water proves treacherous

Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world. ...»

Total's venture into South Africa's deepwater proves treacherous

Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world. ...»

U.S. Department of Energy’s funding request meeting scheduled March 27, 2019

The U.S Department of Energy will hold its Fiscal Year 2020 funding request, held by Chairman Lamar Alexander, Wed., March 27, 2019 at 2:30 pm EST, Room 138, Dirksen Senate Office Building. ...»

The new American energy era - From Texas to the world

While Paul Vega drives his pick-up truck through the heartland of the Permian basin -- the vast tract of west Texas scrub where one of history’s greatest oil booms means miles-long traffic jams -- Vega says there’s more crude being pumped than America’s refineries can absorb. ...»

Saudi Aramco, McDermott sign EPCI agreement for fabrication facility in Saudi Arabia

Saudi Aramco has signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia. ...»

Total has appointed Ladislas Paszkiewica as senior V.P.

With effect from July 1, 2019, Ladislas Paszkiewicz is appointed senior V.P., investor relations of Total and is a member of the Group Performance Management Committee. Mike Sangster will retake the role on an interim basis until then. ...»

Wood awarded multi-million dollar CO2 emission reduction contract

Wood has been awarded a prestigious multi-million dollar contract by the Oil and Gas Climate Initiative Climate Investments (OGCI CI) to provide conceptual engineering for its gas power and industrial carbon capture conceptual design work. ...»

Weatherford launches remote-activated, single-trip deepwater completion system

Weatherford International plc has brought to market the world's first remote-activated, single-trip deepwater completion system. ...»

Rovco, Drexel Marine Petroleum increase Egyptian projects over next five years

Rovco has expanded its international reach after forming a local partnership with Drexel Marine Petroleum Services in Egypt. ...»

Total is tested as it drills in one of the world's fastest ocean currents

Total SA’s discovery of South Africa’s first oil in deep water could prove to be a bonanza for a country lacking crude reserves of its own and prompt a rush from other majors. That’s if they’re able to solve the engineering challenges of operating in one of the fastest ocean currents in the world. ...»

Lukoil, INPEX have concluded testing in Iraq's Eridu field 5th well

Lukoil and INPEX Corporation have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. ...»

ADES International acquires onshore rigs from Weatherford

ADES International Holding PLC has announced that it has completed the acquisition transaction with Weatherford International plc and receipt of the final two onshore rigs in Algeria, and a further two rigs delivered outside of Southern Iraq for relocation to Saudi Arabia. ...»

Proserv has sold drilling business to C-Automation for undisclosed sum

Leading controls technology company Proserv and C-Automation, a manufacturing and field services provider specializing in pressure control systems, have announced the sale of Proserv’s worldwide drilling services business, which was formerly known as TIC, to C-Automation Inc. ...»

BP's focuses $100 million on reducing emissions

BP has announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations. ...»

Houston Ship Channel partially reopened amid worst chemical disaster in more than a decade

A two-mile (3.2-km) stretch of the Houston Ship Channel’s that’s been closed for three days will be open during daytime hours while the clean-up continues. Pilots have been ordered by the U.S. Coast Guard to stay at least 30 min apart so each vessel can be inspected to ensure it’s not dragging oily residue through the water. ...»

Houston Ship Channel patially reopened amid worst chemical disaster in more than a decade

A two-mile (3.2-km) stretch of the Houston Ship Channel’s that’s been closed for three days will be open during daytime hours while the clean-up continues. Pilots have been ordered by the U.S. Coast Guard to stay at least 30 min apart so each vessel can be inspected to ensure it’s not dragging oily residue through the water. ...»

EIA: Power sector pushed domestic U.S. natural gas consumption to new record in 2018

U.S. natural gas consumption increased by 10% in 2018, reaching a record high of 82.1 Bcfd, according to EIA’s recently released Natural Gas Monthly. Domestic consumption of natural gas increased across all sectors in 2018, led by a 3.8 Bcfd increase in the electric power sector caused by a combination of recent natural gas-fired electric capacity additions and weather-related factors. ...»

Gazprom Neft, Schlumberger develop cooperation agreement in well-logging technology

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging. The document was signed by Vadim Yakovlev, first deputy CEO, Gazprom Neft, and Sergey Slyusenko, managing director, Gazpromneft-Noyabrskneftegazgeofizika and Gokhan Saygi, president of Schlumberger RCA. ...»

ADNOC awards Block 1 exploration rights to Indian consortium

The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited. ...»

Ivory Coast to conclude licensing of six oil blocks by midyear

Ivory Coast plans to conclude the licensing of six oil blocks by June as the country seeks to increase crude output amid rising interest from supermajors to explore in West Africa. ...»

Shell makes aggressive move into UK retail power market

Shell took a step forward in its aim to become the world’s biggest power company with an aggressive move into the UK retail market by offering one of the cheapest tariffs available. ...»

China plans to invest in mature fields to boost production

China’s oil giants aim to spend the most in five years in pursuit of higher energy output. ...»

CNOOC reports 2018 reserves, production, profit increase

CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018. ...»

Pemex could receive $7 billion to pay ballooning debt

Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nation’s ailing oil company, Pemex, and a new plan to try and save it. ...»

OPEC, Feds in fog of uncertainty

What do OPEC and the Federal Reserve have in common, other than being on the receiving end of angry tweets from President Donald Trump? ...»

Houston Ship Channel closure halts oil refiners

The Houston Ship Channel won’t reopen until the U.S. Coast Guard verifies that a cloud of cancer-causing benzene has dissipated and oily runoff from the region’s worst chemical disaster in 14 years poses no threat to vessels or their crews. ...»

Wood awarded Pennsylvania pipeline project

Wood has been awarded a $34 million contract from RH energytrans LLC to construct 28 mi of new pipeline designed to carry natural gas from Pennsylvania to Ohio. ...»

ABB launches Customer Experience Center for digital leadership

ABB has opened a new Customer Experience Center at its RandD Competence Center in Bergamo, Northern Italy. ...»

Eni, CNR create RandD partnership for energy sector decarbonization

Massimo Inguscio, president of the Italian National Research Council (CNR), and Claudio Descalzi, Eni CEO, following their meeting held last May, have signed a Joint Research Agreement (JRA), to set up four linked research centers in southern Italy. Also, in attendance were Prime Minister Giuseppe Conte, Minister for Southern Italy Barbara Lezzi and the President of the Apulia Region, Michele Emiliano. ...»

Strong oil and gas sectors benefits Colorado with $1 billion revenue

A study on the economic impact from Colorado’s oil and gas upstream and midstream subsectors found that it’s a critically important spoke in the wheel of the state’s diverse economy. ...»

Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion

Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working capital. ...»

Tenaris to acquire IPSCO Tubulars from TMK $1.2 million

Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1.209 million, on a cash-free, debt-free basis, which includes $270 million of working capital. ...»

Nissan Chemical's industry pioneer Robert Griffith retires

After more than 18 years of service with Nissan Chemical America Corporation (NCA), Robert Griffith, V.P. of NCA’s Pasadena plant is retiring on March 31, 2019. ...»

CNOOC reports 2018 reserves, producton, profit increase

CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018. ...»

Alberta sees OPEC pricing go from too cheap to too pricey

Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving a bigger challenge than the oil-rich Canadian province anticipated. ...»

Equinor reports record-breaking lift completes the Johan Sverdrump field center

Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore. ...»

North Korea bypassing sanctions with illicit oil, coal transfers

North Korea successfully evaded sanctions to import as much as seven-and-a-half times the allowed amount of refined petroleum last year, according to the U.S. government. ...»

Tanzania to start talks for $30 billion LNG project

Tanzania plans to negotiate terms for developing a $30 billion LNG project with companies between April and September. ...»

Encana to name Corey D. Code as CFO

Encana Corporation has announced the appointment of Corey D. Code as executive V.P. and CFO, effective May 1, 2019. Sherri A. Brillon, who has served as Encana’s CFO since 2009, will be retiring at the end of May 2019. ...»

Wintershall produces record 171 MMboe

Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year. ...»

Denver's Adams County approves moratorium due to SB 181

Despite an overwhelming public response from Adams County residents who spoke out against a temporary ban on oil and natural gas permits, Adams County Commissioners voted 5-0 to approve a new six-month moratorium. ...»

Trump has a plan to preserve benefits for oil drillers in future

A top Interior Department official told oil industry leaders the Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms that will be difficult for future presidents to revoke or rewrite. ...»

North Korea bypassing sanctions with illicit oi, coal transfers

North Korea successfully evaded sanctions to import as much as seven-and-a-half times the allowed amount of refined petroleum last year, according to the U.S. government. ...»

Black plumes replaced by cancer-causing benzene fumes in Houston after chemical fire extinguished, as expected

Even after the four-day fire is out at a Houston-area chemical storage complex, the real danger has emerged. ...»

Angus Energy inks deal with P.W. Well Servies for Brockham operations

Angus Energy is pleased to announce that the company has entered into a rig contract with P.W. Well Services Limited to complete the forthcoming work over operations at Brockham. ...»

Rotork Master Station launched for valve actuator control

Rotork has launched the latest generation of its innovative monitoring and control system for valve actuators and plant equipment. ...»

Gulf of Mexico lease sale results in $244+ million in bids

The U.S. Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash has announced that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico. ...»

The Open Group launches the Open Subsurface Data Universe Forum

The Open Group, the vendor-neutral technology consortium, has announced the launch of the Open Subsurface Data Universe (OSDU) Forum, a Forum of The Open Group. ...»

Expro has appointed two executives to management team

International oilfield services company, Expro, is pleased to announce the appointments of two key executive management roles. ...»

Murphy Oil signs $2.13-billion Malaysian divestiture deal

Murphy Oil Corporation has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. ...»

Murphy Oil signs $2.13-billion Malaysian divestiture deal

Murphy Oil Corporation has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. ...»

McDermott awarded substantial offshore EPCI contract in the Middle East

McDermott International, Inc. has announced a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf. ...»

Murphy Oil signs $2.13-billion Malaysian divestiture plan

Murphy Oil Corporation has announced that a subsidiary has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. ...»

LNG may replace coal in Vietnam's $7.8 billion power project

Vietnam’s latest plans for $7.8 billion in gas-fired power projects may see the nation become one of the world’s newest LNG importers and cut its coal use. ...»

AMLO risks a fall as he tries to pull Pemex back from the brink

Pemex is personal for Andres Manuel Lopez Obrador, who grew up in Mexico’s oil heartland at a time when the state company was a source of national pride. ...»

Equinor Brasil president wants an open gas market according to Quest Offshore

Margaret Øvrum recalls that investment depends on viability, "With a monopoly, you do not get the right price." ...»

BSEE: Key to energy security lay within offshore safety performance, environmentally sustainable energy production

Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle emphasized BSEE’s commitment to safe and environmentally sustainable energy production during meetings in Louisiana with the Greater Lafourche Port Commission, the Louisiana Mid-Continent Oil and Gas Association and BSEE Gulf of Mexico Region staff. ...»

Gulf of Mexico lease sale results in +$244 million in bids

The U.S. Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash has announced that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico. ...»

Energy Transition Outlook reveals crude oil demand through 2050

The Energy Transition Outlook is a model-based forecast of the world’s energy system through to 2050 and, owing to DNV GL’s independent view and technical expertise, has become a widely cited voice on the energy future. ...»

Gazprom launches full-scale development in Yamal Peninsula

A ceremony was held In the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. ...»

Venezuelan crude shipments dead in the water on U.S. sanctions

Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA. ...»

Drilling halted on 300,000 acres in Wyoming

The Trump administration’s pro-drilling policy took a blow when a federal judge ordered a halt to oil and gas exploration on more than 300,000 acres in Wyoming, saying the government must account for its cumulative effect on global climate change. ...»

Greenland Gas and Oil gets new license, provides Jameson update

Greenland Gas and Oil Limited (‘GGO’ or the ‘Company’) is pleased to confirm the award of a new license and extension of existing licenses, as well as provide details of upcoming operational activities on its Jameson Land acreage located onshore south-east Greenland. ...»

Block Energy's West Rustavi field in Georgia discovers oil and gas

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to report that Total Drilled Depth ('TDD') has been reached at well 16a ('16a' or 'the well') at its West Rustavi field after the successful completion of horizontal sidetracking operations. ...»

Quorum Software completes acquisition of Coastal Flow Measurement and Flow-Cal, Inc.

Quorum Software, digital transformation partner for the oil and gas industry, has completed the acquisition of Houston-based Coastal Flow Measurement, Inc., a family of energy measurement services and software companies. ...»

Camber Energy enters non-binding LOI to acquire pipeline service and construction company

Camber Energy, Inc., an independent oil and gas company, has announced the execution of a non-binding Letter of Intent in connection with the company's acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. ...»

Sercel extends boundaries of well exploration with SigmaWave

Sercel has announced the launch of its first distributed acoustic sensing (DAS) seismic solution, SigmaWave. ...»

Oceaneering’s TAXI digital radiography solution provides optimal NDT

Oceaneering International, Inc. has launched a new digital radiography solution for the oil and gas sector, the Trip Avoidance X-ray Inspection (TAXI) system, aimed at reducing the number of unplanned shutdowns. ...»

Equinor awards Johan Sverdrup contract for subsea production system

On behalf of the Johan Sverdrup license, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC. ...»

As U.S. oil supply grows, so does its influence on global prices

For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam. ...»

Houston chemical blaze extinguished but smoke shuts schools

Firefighting crews early Wednesday extinguished a petrochemical tank fire near Houston that had blazed for almost four days spurring the cancellation of classes for tens of thousands of children. ...»

BP explores buying solar energy to power operations in the U.S.

BP may become the next oil giant to power operations with clean energy. ...»

Google, Chevron execs say industry must keep up with data transformation, other tech trends

At the Norwegian Energy Day on Tuesday, March 19, hosted by the Norwegian Consulate General and several corporate sponsors, speakers from Google and Chevron told the audience that the oil and gas industry needs to do more, and do it faster, to adapt to the digital transformation and other related trends. ...»

NPD reports production start at Oda field

The Oda field started to produce oil and gas on March 16, 2019. The field, which is located 13 km east of Ula in the North Sea, is operated by Spirit Energy. ...»

BHP makes board appointments

BHP Chairman, Ken MacKenzie, has announced the appointment of Ian Cockerill and Susan Kilsby to the BHP Board as independent non-executive directors, effective 1 April 2019. ...»

Neptune Energy awards rig contract

Neptune Energy Norge AS has awarded a rig contract for six wells to CIMC Offshore AS. ...»

Brazil said to see Petrobras payout surpassing $18 billion

Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013. ...»

U.S. Refiners Look to get in on shale oil export boom

U.S. refiners aren’t just buying crude to turn into gasoline and diesel -- they’re competing with producers and traders to export it. ...»

BP explores buying solar energy to power operations in U.S.

BP Plc may become the next oil giant to power operations with clean energy. ...»

Rotork electric actuators used in U.S. shale oilfield pipeline’s solar solution

Rotork IQ3 intelligent multi-turn electric actuators have been specified for use in solar powered control stations for water gathering pipelines in the U.S. ...»

NewTek Sensor Solutions adds 4-20mA output capability to its free core and spring-loaded LVDT product lines

NewTek Sensor Solutions expanded the capabilities of its DC LVDT technology with 4-20mA output capabilities to meet the needs of industrial monitoring and feedback applications. ...»

TechnipFMC awarded OTC Spotlight award for new compact manifold design

TechnipFMC was honored with a prestigious OTC Spotlight on New Technology award for its Subsea 2.0 In-Line Compact Robotic Manifold design. ...»

TIPRO analysis details Texas oil and gas workforce trends

Rising production of oil and natural gas in the Lone Star State is opening new doors for Texans seeking employment opportunities with energy companies. ...»

Aker BP declares successful exploration well on Froskelår

...»

4Subsea acquires Astori

4Subsea, a leading provider of technology and services to oil and gas and offshore wind operators worldwide, reports the acquisition of Astori AS. ...»

Siccar Point Energy spuds Blackrock exploration well

Siccar Point Energy has commenced its 2019 drilling campaign with the spudding of an exploration well at the Blackrock prospect. ...»

Houston chemical fire intensifies after loss of water pressure

A fire at a petrochemical storage facility that’s covered Houston in a thick pall of smoke for the past two days intensified overnight after firefighters briefly lost water pressure. ...»

Electric vehicles reducing oil consumption

Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie. ...»

DNV GL has opened an artificial intelligence research centre in Shanghai

DNV GL has opened an artificial intelligence research center in Shanghai as it seeks new solutions to enhance its audit, inspection and survey services. ...»

Gazprom Neft, Politecnico di Torino and the Peter the Great St. Petersburg Polytechnic University sign cooperation agreement

Gazprom Neft has concluded a tripartite Cooperation Agreement with Politecnico di Torino and the Peter the Great St. Petersburg Polytechnic University (Polytech) — the signatories to this document being Vladislav Baryshnikov, deputy CEO for international business development, Gazprom Neft; Vitaly Sergeev, vice-rector for research, the Peter the Great Polytechnic University; and Patrizia Lombardi, pro-rector, Politecnico di Torino. ...»

Oil hits 2019 high as OPEC+ re-commits to cuts in the near term

Oil closed at its highest yet this year as OPEC and its partners committed to continuing production cuts until at least June, when they will meet to discuss an extension. ...»

Libya oil boss sees output gain with hope of BP pumping soon

Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPEC nation. ...»

Houston chemical fires to rage for two days until fuel burns out

Petrochemical tank fires that covered the Houston skyline in thick, black smoke will likely burn for two more days or until the fuel runs out, first responders said. ...»

NACE International and SSPC explore unified efforts on behalf of stakeholders

NACE International, The Corrosion Society and The Society for Protective Coatings (SSPC), two non-profit professional associations in the field of corrosion and coating standards, training, and certification, have initiated exploratory discussions about synergistic opportunities that may exist between the two organizations. ...»

OPEC+ affirms commitment to oil cuts, defers decision to extend

Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. ...»

Carrizo is said to weigh deal with rival explorer SM Energy

Carrizo Oil and Gas Inc. is weighing a tie-up with U.S. energy explorer SM Energy Co., according to people familiar with the matter. ...»

Açu Petróleo signs contract with Equinor for ship to ship in Port of Açu

Açu Petróleo (a partnership of Prumo Logística and Oiltanking) and Equinor signed a contract for oil transshipment services at the Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro. ...»

Johan Sverdrup living quarters topside ready for sail-away

With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift. ...»

Carrizo said to weigh deal with rival explorer SM Energy

Carrizo Oil and Gas Inc. is weighing a tie-up with U.S. energy explorer SM Energy Co., according to people familiar with the matter. ...»

PSA investigates incident on Åsgard B platform

The Petroleum Safety Authority Norway (PSA) has decided to investigate an incident involved a dropped object on the Åsgard B facility on March 13, 2019. ...»

Reactive Downhole Tools strengthens position in Middle East

Reactive Downhole Tools, independent supplier of well completion solutions to the global oil and gas industry, has announced Niall Urquhart as V.P. Eastern Hemisphere, to support its growth plans for the regions. ...»

Jumbo wins offshore subsea decommissioning project in the North Sea

Jumbo has been awarded an offshore decommissioning project in the North Sea by TAQA Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles. ...»

ADNOC awards Japan's INPEX onshore exploration concession in block bid round

The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation. ...»

Texas, Alaska viewpoints stress growth and innovation at final day of CERAWeek

Common themes of bountiful resources and expanding oil and gas production were sounded by a Texas senator and the Alaskan governor on the final day, Friday March 15, of the five-day CERAWeek conference in Houston. ...»

Oil market can weather zero Iranian exports

U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations. ...»

ExxonMobil delays $1.9 billion Canada project amid oil-sands woes

ExxonMobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts. ...»

Algeria's crisis clouds the future for OPEC oil cuts

Meet the exclusive group of oil producers that nobody wants to join. ...»

Saudis urge OPEC+ to stick with oil cuts as job not yet done

OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said. ...»

API-MN supports passage of bill focused on protecting critical energy infrastructure

API’s Minnesota Petroleum Council Director Erin Roth released the following statement applauding the passage of SF 2011, an important bill focused on protecting critical energy infrastructure in Minnesota following the recent attempts of sabotage on Line 3. ...»

Simmons Edeco celebrates 57th anniversary with new base in Mexico

Simmons Edeco, supplier of onshore drilling and workover services to the global oil and gas industry, announced that it has opened its second operations base in Mexico. ...»

CWT Energy, Resources and Marine has launched ERM mobility

CWT Energy, Resources and Marine, a unit of global travel management company CWT, has launched a brand new version of ERM mobility, a powerful workflow management platform that allows companies to manage complex travel needs through one single interface, reducing complexity, speeding up processes, boosting safety, and saving money. ...»

Simmons Edeco celebrates 57th anniversity with new base in Mexico

Simmons Edeco, supplier of onshore drilling and workover services to the global oil and gas industry, announced that it has opened its second operations base in Mexico. ...»

Archeio Technologies and Tourmaline Oil standardize unstructured business data

Archeio Technologies, the provider of oil and gas content management and smart search technology, announces that it has signed a license agreement with Tourmaline Oil Corp. to deploy Archeio’s SkyWell software company wide. ...»

NACE International has launched new website

NACE International, the nonprofit association and leading resource for corrosion expertise and education, ...»

Opsealog deploys MarineLog in ten Total affiliates

Ten affiliates of Total Exploration and Production in Western Africa, North Sea, South America, Asia and the Middle East have deployed MarineLog to optimize their offshore logistics operations by reducing their costs and increasing their productivity. ...»

U.S. oil waivers that rocked market in 2018 coming back to focus

Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year. ...»

Eni will plant forests to eliminate CO2 from its oil operations

Eni SpA committed to eliminating all carbon dioxide emissions from its oil and gas exploration and production operations by the end of the next decade, in part by planting forests on a large scale. ...»

Egypt returns to LNG exports club seeking to sell cargoes

Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years. ...»

Permian driller Legacy plunges 56% on strategic review

Permian shale oil explorer Legacy Reserves Inc. lost more than half its market value after announcing plans to explore “strategic alternatives” including selling all or part of the company. ...»

CERAWeek 2019: LNG key factor in energy transition

On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies. ...»

OPEC urges oil producers to prevent return of surplus this year

OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. ...»

Petrofac awarded $1-billion EPC project in Algeria

Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. ...»

Eni reports new gas discovery in the Nour prospect, offshore Egypt

Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km north of the Sinai peninsula. ...»

Equinor to extend the life of eight NCS installations

Equinor has received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during the last three years. ...»

Lukoil reaches another milestone at Vladimir Filanovsky field

Lukoil has reached another milestone with 10 million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. ...»

Angus Energy announces SPA for purchase of 20% interest in Lidsey License

Angus Energy has announced that it has entered into a legally binding sale and purchase agreement with Doriemus Plc for the purchase of Doriemus's 20% interest in the Lidsey oilfield License (including its 30% direct participating working interest in the Lidsey-X2 production well). ...»

Coretrax Enviroplug plunges the cost of environmental barrier for PandA

At a fraction of the cost of conventional tools, Coretrax, the wellbore clean-up and abandonment specialist, is increasing its stock of CX-Enviroplugs to meet demand for a safe, simple and significantly cost-effective solution for big bore cement plug placement. ...»

Exxon aims for $15/bbl costs in large Permian operation

Exxon Mobil plans to reduce the cost of pumping oil in the Permian to about $15/bbl, a level only seen in the giant oil fields of the Middle East. ...»

Saudis head to OPEC+ talks reluctant to do Trump's bidding

Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever. ...»

Oil industry extends olive branch to green new dealers

The U.S. energy czar and former Texas governor, Rick Perry had a startling response to the author of the Green New Deal: Let’s talk. ...»

CERA Week 2019 Day 2 - Leadership

During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico. ...»

Targets needed to get more women in oil: Shell's U.S. head

Targets needed to get more women in oil: Shell's U.S. head ...»

Eni reports major oil discovery offshore Angola

Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. ...»

Oil options trading jumps as large producer is said to hedge

Global oil options markets this week were the busiest since November after a flurry of buying from what appeared to be a large producer protecting against a drop in prices. ...»

Venezuela's "badly broken" oil sector needs outside help

Venezuela’s opposition leader is rolling out the welcome mat to foreign investors who want a piece of the world’s largest oil reserves. ...»

U.S. cuts oil production forecast for the first time in six months

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. ...»

Canadian oil sands' new growth stymied by pipeline delays

Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. ...»

Nigerian oil region crisis threatens Buhari's economic plans

Fresh from his comfortable re-election, Nigerian President Muhammadu Buhari faces a huge hurdle to keep his vow to end the economy’s addiction to oil: win a lasting peace in the crude-rich Niger River delta. ...»

Oceaneering secures integrity services contract extension from Equinor

Oceaneering International, Inc., has secured a contract renewal from Equinor which covers the provision of maintenance, reliability and integrity management. ...»

Exceed wins contract to drill first-ever deepwater well offshore Guinea Bissau

Exceed, a well management and performance improvement specialist, continues to consolidate its West African presence, by announcing the company’s first contract to be undertaken offshore Guinea Bissau. ...»

Offshore oil, gas exploration strengthens Land and Water Conservation Fund

Yesterday, the Florida Petroleum Council welcomed the permanent re-authorization of the Land and Water Conservation Fund (LWCF) into law as part of the public lands bill, S. 47 (116). ...»

Senate Energy Committee leaders say they get along fine

If they said it once, they must have said it five times: Senate Energy Committee Chairman Lisa Murkowski (Rep.–Alaska) and Ranking Minority Member Joe Manchin (Dem.-W.V.) wanted the late-afternoon crowd on Monday at CERAWeek in Houston to know that they really do get along and work together closely. ...»

CERAWeek 2019 seeks to unravel the "new world of rivalries"

CERAWeek by IHS Markit kicked-off in downtown Houston, on Monday, March 11. The week-long event focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry. ...»

Marathon mimics private equity hunting next big thing in crude

Marathon Oil Corp. is mirroring private equity as it looks for the next big thing in U.S. crude. ...»

Pompeo said to discuss trade, foreign policy with oil executives

U.S. Secretary Of State Mike Pompeo will meet with senior U.S. oil executives in Houston on Tuesday to discuss boosting boost crude exports and advancing America’s position as a global energy powerhouse, according to people with knowledge of the meeting. ...»

EIA: Increases in natural gas production from Appalachia affect natural gas flows

The 2019 Annual Energy Outlook (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas. ...»

Oil rises to one-week high on Saudi cuts and weaker dollar

Crude rallied to the highest in more than a week as traders remained optimistic over Saudi Arabia’s planned production cuts and amid a weaker dollar. ...»

Aker Solutions wins FEED contract for subsea compression system

Aker Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field, offshore Australia. ...»

API applauds government focus on timely approvals of LNG export facilities

The American Petroleum Institute issued a statement today supporting the Department of Energy’s (DOE) non-Free Trade Agreement export authorization for Venture Global’s Calcasieu Pass liquefied natural gas (LNG) export facility last week, along with the introduction of a Senate bill designed to speed the Federal Energy Regulatory Commission’s (FERC) reviews of LNG terminals and other energy infrastructure. ...»

Perry sees Venezuelan oil output dropping until regime changes

U.S. Energy Secretary Rick Perry said the decline of oil output from Venezuela will continue until there’s a change of leadership. ...»

Majors’ not safe in Norway after dodging initial divestment

The oil majors are safe from divestments from the world’s largest wealth fund -- for now. ...»

Shell says it can be world's top power producer and profit

Shell plans to become the world’s biggest power company within 15 years, a move that suggests it sees climate change as a bigger threat to its business than electricity’s historically weak returns. ...»

TechnipFMC acquires Dive Support vessel for North Sea market

TechnipFMC has added to its international fleet of subsea pipelay, diving and construction ships after purchasing a new-build diving support vessel - the Deep Discoverer. ...»

BP awards contracts to McDermott, BHGE for Greater Tortue Ahmeyim natural gas project

McDermott International, Inc., and Baker Hughes, a GE company have announced today that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal. ...»

DTEK Oil and Gas wins Ukraine’s first open auction for subsurface exploration permit

Oil Gas Systems, LLC - a subsidiary of DTEK Oil and Gas - has purchased the special permit for subsurface exploration of the Svitankovo-Lohivskyi license site in eastern Ukraine for UAH 85 million ($3.17 million) at open auction. ...»

Cognite expands into North American technology market

Cognite, a leading provider of structured and contextualized data for industrial applications, today announced that it will enter the North American technology market and open a U.S. headquarters facility in the summer of 2019. ...»

LNG Canada CEO sees no scenario that would stop its project

The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30 billion gas export facility is at risk of mounting opposition from pipeline foes. ...»

Maersk Supply Service secures second walk-to-work contract with Total Denmark

Newbuild vessel, Maersk Involver, has been fixed for 161 days to support maintenance of the DAN F platform, located offshore Esbjerg for walk-to-walk and accommodation services. ...»

Conrad Petroleum gets approval for Mako development plan, offshore Indonesia

Conrad Petroleum Limited, the operator of Duyung PSC, announced that its development plan for the Mako gas field has been approved by Indonesia’s Ministry of Energy and Mineral Resources. ...»

Shale on brink of MandA as oil majors flex muscles in Permian

Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. ...»

Oil rises as Saudis are said to continue with deeper supply cut

Oil rose as Saudi Arabia was said to extend deep supply cuts into April. ...»

OPEC to be squeezed by U.S. shale until mid-2020s, IEA says

OPEC’s loss of market power to what was once its biggest customer will continue until the middle of the next decade as U.S. shale oil thrives. ...»

UK shale gas potential seen as good as the best in the U.S.

Britain’s shale gas production has the potential to be as good as the best performing shale basin in the U.S., the Marcellus formation. ...»

Petrobras seeks to trim budget by cutting jobs, marketing

Petroleo Brasileiro SA plans to implement a voluntary redundancy program and cost-cutting measures aimed at shaving $8.1 billion off its budget for the next five years. ...»

Oil's big reset: Energy majors learn to thrive after price crash

When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. ...»

Delmar Systems completes first North Sea rig disconnect using RAR Plus technology

Delmar Systems, Inc. successfully completed an eight-line disconnect of the mooring system on Seadrill’s West Phoenix semisubmersible drilling rig on the UK Continental Shelf. ...»

BHGE announces February rig counts

Baker Hughes, a GE company has announced that the Baker Hughes international rig count for February 2019 was 1,027, up 3 from the 1,024 counted in January 2019, and up 48 from the 979 counted in February 2018. ...»

Dutch gas market could become world's most important

Intercontinental Exchange says its Dutch natural gas market has the potential to become a world beater in energy trading. ...»

WoodMac: India commissions first east coast LNG terminal

India's first east coast regas project, Ennore LNG terminal, has been commissioned by Indian Oil Corporation (IOCL). ...»

Oil slides on economy fears, stuck in tightest range since 2017

Oil fell as a weakening outlook for the global economy and rising crude stockpiles in the U.S. signaled that markets will remain comfortably supplied. ...»

Norway's oil and gas divestment spares biggest producers

Big Oil dodged a bullet. ...»

Norway divests oil stocks from $1 trillion wealth fund

The decision of the world’s largest sovereign wealth fund to reduce holdings in oil stocks wasn’t as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels. ...»

SPE/IADC '19: Day three presentations feature MPD, automation and offshore innovation

Some of the best was held for the last in the Technical Program at the annual SPE-IADC Drilling Conference, held in The Hague, the Netherlands. ...»

ADES, Vantage team up for deepwater drilling contract in Egypt

ADES International Holding PLC, a leading oil and gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its subsidiary ADES S.A.E., into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Mediterranean basin. ...»

SPE/IADC '19: Industry executives detail efforts to close oil-and-gas gender gap

Everyone is familiar with the effects of the Big Crew Change in the upstream industry over the last several years. Fewer and fewer older employees remain, as they hit retirement age, yet they are the ones with the greatest accumulation of critical operating knowledge and experience. ...»

EMGC '19: Eni, Total execs tout more exploration and LNG for Eastern Med

During the Eastern Mediterranean Gas Conference (EMGC 2019), Carlo Vito Russo, Executive Vice President, Europe and Russia for Eni SpA, delivered a keynote speech following a talk by the Minister of Energy, Commerce and Industry for the Republic of Cyprus, H. E. Yiorgos Lakkotrypis. ...»

EMGC '19: Cyprus minister talks big gas discoveries, regional cooperation

Opening the 2019 Eastern Mediterranean Gas Conference in Cyprus was the Minister of Energy, Commerce and Industry for the Republic of Cyprus, H. E. Yiorgos Lakkotrypis. The Minister delivered a keynote speech wherein he discussed recent gas resource developments in Cyprus and how best to monetize them. ...»

Asia remained top U.S. oil buyer in 2018 despite China trade row

Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war. ...»

Natural gas demand threatened by battle over home hookups

One of the biggest threats facing the natural gas industry is in the home. ...»

China oil use seen peaking in 2025 as EVs and rail take over

The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo the open road in favor of trains. ...»

Drillers in fledgling Alberta play shrug off glut

Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that followed. ...»

Congo lost $617 million dispute before approving oil deal

An international court ordered the Democratic Republic of Congo to pay DIG Oil Ltd of South Africa $617 million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals. ...»

Crescent Point takes $2 billion write-down amid oil swings

Crescent Point Energy wrote-down the value of its assets by $2 billion to account for higher financing costs amid volatile crude prices. ...»

Norway decides fate of $1 trillion wealth fund's oil stocks: QandA

Norway will decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks. ...»

Gazprom’s natural gas supplies to Austria increase 33% in 2019

During a meeting between Alexey Miller, Gazprom Management Committee, and Rainer Seele, chairman, OMV, the parties reviewed current issues related to the growth of natural gas exports to Austria. ...»

Profits from trading European gas thwarted by brimming stockpiles

Buying European natural gas in the summer to sell during winter is the most profitable it’s been for eight years -- at least on paper. The trouble is there’s no room to store it. ...»

EMGC '19: DNV GL sees gas taking lead in Euro energy demand

On the morning of Day 2 of the Eastern Mediterranean Gas Conference, Elfride Covarrubias, Business Development Manager for Italy and the Mediterranean for DNVL GL, spoke to delegates about DNV GL's analysis of Europe's ongoing energy transition. ...»

EMGC '19: IEF Secretary General calls for resource cooperation in Eastern Med

At the opening of Day 2 of the Eastern Mediterranean Gas Conference (EMGC 2019) in Cyprus, Dr. Sun Xiansheng, Secretary General of the International Energy Forum, spoke about international and regional energy cooperation and the emerging role of the Eastern Med in global energy. ...»

Day one presentations show wide variety of drilling-related innovation

After the initial opening remarks from key officials, the annual SPE-IADC Drilling Conference on got down to what it does best—presentations on a wide variety of technical innovations and advancements over the last year. ...»

Shell V.P. tells attendees that companies must share data, cooperate more

It’s hard to say whether Mike Dewitt, Shell V.P. for Wells, Upstream Operated, intended to shake up his audience in The Hague, the Netherlands on Tuesday morning, but that was the result of his speech, nonetheless. ...»

Asia remained top U.S. oil buyer in 2018 despite China trade row

Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war. ...»

Strike Energy commences operations in the under-explored North Perth basin

Strike Energy Limited has advised that the drill site preparation and other civil works have now commenced. ...»

Chevron expects 600,000 bpd in Permian output by 2020

At its annual Security Analyst Meeting, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years. ...»

Oil retreats as surprise jump in U.S. stockpiles hints at glut

Oil retreated for the second day in a row after U.S. crude stockpiles ballooned, casting a shadow over OPEC’s efforts to avert a global glut. ...»

Oil driller weighs sale after Canadian crude collapse

Pengrowth Energy Corp. is considering selling itself as the driller moves to lighten its debt load following a collapse in Canadian oil prices that pummeled the nation’s energy industry. ...»

Anadarko sticks to Mozambique timeline as state boosts security

Anadarko Petroleum Corp. said it’s sticking to a plan to decide on a $20-billion gas development in Mozambique by the end of June, after the government boosted security following attacks last month near the project site. ...»

Colorado lawmakers weigh dramatic overhaul of oil drilling laws

A proposal to overhaul Colorado’s drilling laws had its first hearing yesterday, pushing the bill one step closer to a vote by the Democrat-controlled state legislature. ...»

Exxon lifts spending to levels last seen in pre-crash heyday

ExxonMobil Corp. raised its spending target to heights not seen since the historic oil-market collapse began in 2014, bucking the cost-cutting trend among rival energy explorers. ...»

Dana Gas, Crescent Petroleum to boost Khor Mor gas production 63% within two years

Pearl Petroleum Company Limited has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government to enable production and sales of an additional 250 MMscfd. ...»

ExxonMobil to accelerate Permian production by 80%

ExxonMobil said today it has revised its Permian basin growth plans to produce more than 1 MMboed by as early as 2024 – an increase of nearly 80% and a significant acceleration of value. ...»

Halliburton introduces new Motors Center of Excellence

Halliburton Company has announced Motors Center of Excellence, a new approach to drilling motor development that combines specialized engineering and manufacturing capabilities to customize motor designs for specific basin challenges. ...»

BP and Enpro Subsea announce global frame agreement

BP and Enpro Subsea (Enpro) announce the execution of a global frame agreement aimed at providing an enhanced subsea architecture and smart standardization using Enpro’s patented Flow Access Module (FAM) technology. ...»

Libya's biggest oil field restarts, adding hurdle to OPEC cuts

Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. ...»

Maduro gets oil lifeline from Russia after U.S. sanctions hit

Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue. ...»

China announces plan to form national oil and gas pipeline company

China announced it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014. ...»

Vallourec launches new online sales platform for the oil and gas market

Vallourec is now offering online sales of tubular solutions with its new e-commerce platform: Smartengo. ...»

Total signs definitive agreements for entry into Arctic LNG 2

Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. ...»

Colorado Petroleum Council, Colorado Oil and Gas Association lead rally to protect Colorado jobs against Senate Bill 181

Today, the Colorado Petroleum Council and the Colorado Oil and Gas Association will join energy workers and supporters from across Colorado for a rally to protect and defend the hundreds of thousands of Colorado jobs supported by the state’s oil and gas industry. ...»

Xodus expands decom capabilities with addition of well decommissioning manager

International energy consultancy Xodus Group has expanded its decommissioning offering with the appointment of its first well decommissioning manager. ...»

Aker Energy announces successful drilling results offshore Ghana

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) Block, announces that it encountered oil in the Pecan South-1A well, offshore Ghana. ...»

Energean commences drilling campaign in Israel

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, has announced that it has commenced its 2019 drilling program in Israel. ...»

NPD gives green light to use Gullfaks C until 2036

The Norwegian Petroleum Directorate is giving a green light to using the C platform on the Gullfaks field in the North Sea until June 30, 2036. ...»

Equinor reports "profitable" oil discovery from the Visund A platform

Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. ...»

Crude advances as U.S., China close in on healing trade rift

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world’s largest economies. ...»

Crude advances as U.S., China close in on healing trading rift

Oil climbed as the U.S. and China were said to be near a settlement of a trade dispute that threatened to erode energy demand in the world’s largest economies. ...»

DandL Oil Tools introduces downhole tension tool for well control

DandL Oil Tools introduces the patented ProTension Safe Tension Tool (STT), which was designed as a safety tool to eliminate the potential for loss of well control when pulling a tubing string into tension. ...»

Ampelmann enters the Mexican market after signing first contract

Dutch offshore access provider Ampelmann has secured its first contract in Mexico, adding a new region to its global portfolio. ...»

Canadian oil industry takes fresh hit with key pipeline delayed

Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project. ...»

SandP lowers Mexico sovereign outlook to negative on AMLO oil plan

SandP Global Ratings lowered its outlook for Mexico’s sovereign debt to negative from stable, saying the nation’s shift to limit private sector involvement in energy could lower economic growth prospects. ...»

Shell says it faces Dutch prosecution over Nigeria license

Royal Dutch Shell Plc is facing prosecution in the Netherlands over a license in Nigeria, intensifying its legal troubles from a transaction that has dogged the company for years. ...»

Bidders said to emerge in BP's $7 billion U.S. shale asset sale

BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with suitors preparing bids for parts of the portfolio, according to people with knowledge of the matter. ...»

SandP lowers Mexico soverign outlook to negative on AMLO oil plan

SandP Global Ratings lowered its outlook for Mexico’s sovereign debt to negative from stable, saying the nation’s shift to limit private sector involvement in energy could lower economic growth prospects. ...»

Russia cuts February output deeper to comply with OPEC pact

Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with OPEC following criticism that it was moving too slowly. ...»

Enbridge pipeline delayed a year in hit to Canadian oil industry

In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected. ...»

South Sudan urges China's CNPC to expand crude production

South Sudan called on China National Petroleum Corp. to expand crude production by exploring more fields, while promising to protect the company’s interests in the African country. ...»

Petrobras Posts $6.84 billion net income in 2018

Petrobras posted $6.84 billion (R$25.8 billion) net income in 2018. The first positive annual result in five years is also the highest since 2011. ...»

ABB, Dassault Systèmes enter global software partnership for digital industries

SwitzerlandABB and Dassault Systèmes have announced a wide spanning global partnership to offer customers in digital industries a unique software solutions portfolio ranging from product life cycle management to asset health solutions. ...»

Aker BP has awarded platform supply vessel agreements

Aker BP has awarded platform supply vessel agreements ...»

Shell preparing for prosecution in Nigerian corruption lawsuit

We have been informed by the Dutch Public Prosecutor’s Office (DPP) that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell plc for criminal charges directly or indirectly related to the 2011 settlement of disputes over Oil Prospecting License 245 (OPL 245) in Nigeria. ...»

Faroe appoints new directors

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that Mr. Bjørn Dale has been appointed as chairman of the company and Mr. Ørjan Gjerde has been appointed as non-executive director of the company with immediate effect. ...»

Africa Oil reports 2018 fourth-quarter, full-year results

Africa Oil Corp. is pleased to announce its financial and operating results for three months and year ended Dec. 31, 2018. ...»

Emerson opens Permian basin service center

Emerson has announced the opening of a new $4 million Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region. ...»

Weatherford successfully pursues patent infringement lawsuit against Tesco

Weatherford Technology Holdings, LLC is pleased to announce it has successfully pursued an intellectual property lawsuit against Tesco Corporation, a wholly owned subsidiary of Nabors Industries, to a favorable outcome. ...»

Berry Petroleum appoints Donald Paul to board

Berry Petroleum Corporation has announced the appointment of Donald L. Paul to its board of directors effective Feb. 28, 2019. ...»

Cimarex acquires of Resolute Energy

Cimarex Energy Co. has announced that it completed its acquisition of Resolute Energy Corporation on March 1, 2019. ...»

Diamondback Energy appoints new leadership

Diamondback Energy, Inc. has announced a series of leadership appointments and promotions, effective March 1, 2019, that will allow the company to continue to execute on its capital efficient growth and best in class operations on a now significantly larger asset base. ...»

Texas RRC Commissioners assess more than $589,500 in penalties

Railroad Commission of Texas assessed $589,537 in fines involving 199 enforcement dockets against operators and businesses at the Commissioners’ conference this week. ...»

DNV GL extends the capability of failure investigations with new Houston facility

DNV GL has opened a failure analysis facility in Houston, Texas which will provide failure analyses that support the industry in conducting effective and efficient root cause analyses. ...»

DandL Tools has announced ProTension Safe Tension Tool

DandL Oil Tools introduces the patented ProTension Safe Tension Tool (STT), which was designed as a safety tool to eliminate the potential for loss of well control when pulling a tubing string into tension. ...»

BHP CEO has announced changes to executive team

BHP CEO, Andrew Mackenzie, has announced changes to the BHP Executive Leadership Team to reflect BHP’s simplified portfolio and transformation agenda. ...»