Oil sands work may do what curtailments haven't: cut stocks

Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks. ...»

Chevron bid `dead' after Buffett backs Occidental, investor says

After Warren Buffett’s Berkshire Hathaway Inc. committed $10 billion to rival bidder Occidental Petroleum Corp., Chevron Corp.’s offer to buy Anadarko Petroleum Corp. is essentially “dead” according to Chicago-based investment firm Harris Associates. ...»

Buffett's deal of approval doesn't come cheap

The investing guru’s conglomerate, Berkshire Hathaway Inc., announced a deal on Tuesday, but not the kind Buffett’s fans have been awaiting. Instead of taking over a company, Berkshire is helping one business go after another. It’s investing $10 billion in Occidental Petroleum Corp. to finance the oil producer’s $55 billion acquisition of Anadarko Petroleum Corp. ...»

Berkshire Hathaway commits to $10 billion equity investment in Occidental to finance acquisition of Anadarko

Occidental Petroleum Corporation has announced that, in connection with the financing of Occidental’s proposal to acquire Anadarko Petroleum Corporation, Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko. ...»

Buffett drops $10 billion bomb on Anadarko battle

Warren Buffett’s intervention in Oxy's $37 billion bid for Anadarko may tip the scales away from Chevron. ...»

Wood awarded engineering contract by SABIC for new technology center in Saudi Arabia

Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research center in the Kingdom of Saudi Arabia. ...»

ADNOC Technical Academy to host 2nd annual ‘Open Day’ for Emirati students on May 4

The Abu Dhabi National Oil Company (ADNOC) has announced that the ADNOC Technical Academy (ATA) will host its second annual ‘Open Day’ on Saturday, May 4, 2019 from 9:00 a.m. to 2:00 p.m. at ATA’s Al Shawamekh campus. ...»

ABS unveils marine and offshore industries' first notations on smart technology applications

ABS published the Guide for Smart Functions for Marine Vessels and Offshore Units (Smart Guide) to help marine and offshore owners and operators capitalize on their operational data. ...»

Hunting signs exclusive distributorship for Well-sun technology

Hunting PLC has announced its Hunting Titan division has entered into an agreement with Xi’an Well-sun Electronics Technology PLC (Well-sun) for the distribution of Well-sun’s products and technologies for all markets with the exclusion of the People’s Republic of China. ...»

Halliburton introduces Elect frac sleeve, improving reservoir access

Halliburton Company has introduced the Elect frac sleeve, a monobore sleeve solution that enables unlimited stage count in multistage fracturing operations. ...»

UK regulator authorizes deployment of Sercel’s QuietSea Marine Mammal Monitoring System in UK waters

Sercel is pleased to announce that successful deployment of its QuietSea Passive Acoustic Monitoring (PAM) system has been extended to the UK, following approval by the UK Department for Business, Energy and Industrial Strategy (BEIS) and Joint Nature Conservation Committee (JNCC) of its use for a seismic survey operated by CGG in waters off the Shetland Islands. ...»

McDermott awarded EPC contract by Eni México for Amoca field offshore Mexico

McDermott International, Inc. has announced the award of a contract by Eni México for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 mi (30 km) offshore Dos Bocas in southeast Mexico. ...»

Equinor completes transactions with Faroe on NCS assets

Equinor and Faroe Petroleum have completed the series of transactions that were previously announced in December 2018. ...»

Marine industry veteran David Cockburn appointed to head up Malin Workboats

Malin Workboats, a newly-launched arm of Malin Marine Ltd, has appointed David Cockburn as business unit manager to head up its operation. ...»

WFS Technologies tackles subsea challenges with SIoT

Technology to enhance operational effectiveness, while reducing risk and preventing interruption to pipeline production has been developed by Subsea Internet of Things (SIoT) specialists, WFS Technologies. ...»

TAQA drilling subsidiary to buy Schlumberger’s Mideast drilling rigs arm

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced Sunday that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SR1.56 billion). ...»

BP profit on target as cash flow grows despite lower prices

BP hit the target on profit estimates in the first quarter as rising oil and gas production and strong trading results offset the effect of lower prices. ...»

In America's oil boomtown, they don't talk of busts anymore

Jerry Morales, mayor of Midland, Texas, the unofficial capital of the Permian basin, has a chance to break from the boom and bust pattern. ...»

Logan Industries expands services into West Texas

Logan Industries, a hydraulic repair, manufacturing and rental company, has expanded its land rig equipment services capabilities into West Texas. ...»

There's an oil superstore at sea hoarding fuel for a gathering storm

The world’s biggest offshore oil supermarket is stocking up for anti-pollution rules that Goldman Sachs Group Inc. predicts will upend energy markets. ...»

Petronas, Malaysia's oil giant, looks to Americas to increase oil reserves

Malaysia’s state-owned oil company is banking on the Americas to help raise reserves and maintain production rates as wells in its Southeast Asian home market continue their natural declines. ...»

Anadarko board faces scrutiny amid $38 billion bidding war

Anadarko Petroleum Corp.’s market value has soared 56% since a bidding war for the American shale driller kicked off two weeks ago. ...»

McDermott completes final offshore campaign for Ichthys LNG Project

McDermott International, Inc. has announced the company has successfully completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. ...»

Rockwell Automation releases AI module to improve industrial production

Industrial workers can now more easily use the data from their equipment to predict production issues and improve processes with their existing automation and control skill set. ...»

Logan Industries epands services into West Texas

Logan Industries, a hydraulic repair, manufacturing and rental company, has expanded its land rig equipment services capabilities into West Texas. ...»

A $603-million deal sheds light on cybersecurity space

In a deal that puts a spotlight on the shadowy world of cyberwarfare, Jacobs Engineering Group Inc. agreed to acquire KeyW Holding Corp. for about $603 million, increasing its number of employees with top-secret government access by 50%. ...»

UK cybersecurity agency won't tip regulator on breaches

The UK’s cybersecurity agency said it won’t automatically share information about data breaches with the country’s data privacy regulator. ...»

Securing BSEE real-time monitoring for offshore oil and gas operations

In the wake of the Deepwater Horizon disaster in 2010, the U.S. Department of the Interior launched a series of aggressive reforms to improve safety in offshore well operations. ...»

NOV gets secure access to BOP data with Owl Cyber Defense

ARC featured a considerable cybersecurity track at this year’s Industry Forum in Orlando, and convergence of safety and cybersecurity was a major topic. ...»

Saudi Taqa has purchased Schlumberger's Middle Eastern drilling rig business for $1.2 billion

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business. ...»

Petrobras executes three agreements for sale of assets totaling $10.3 billion

Petrobras executed three sale and purchase agreements to sell assets in the total amount of $10.3 billion (R$40 billion). In 2019, considering the signed transactions and the closed one, the total amount of asset sales is $11.3 billion. ...»

H. E. Mr. Thamir A. Al-Ghadhban, deputy prime minister of Iraq for energy affairs and minister of oil, meets Eni’s CEO Claudio Descalzi

The Deputy Prime Minister of Iraq, Mr. Thamir A. Al Ghadhban, and the CEO of Eni, Claudio Descalzi met in Baghdad. ...»

Orbital Gas Systems showcases new technologies at open house

Orbital Gas Systems, a wholly-owned energy subsidiary of CUI Global, Inc., held a technology showcase and open house for customers and suppliers at its Houston facility at 1924 Aldine Western Road in Houston on Thursday, April 25. ...»

Oil retreats following Trump's renewed call for lower prices

Oil slipped again, extending its biggest retreat in two months, after U.S. President Donald Trump renewed his push for lower prices and Russia said it would soon resolve a problem with contaminated supplies. ...»

Anadarko keen on Oxy's $38-billion takeover bid over Chevron, reports suggest

Anadarko Petroleum Corp. is “preparing to endorse” Occidental Petroleum Corp.’s $38-billion takeover offer, the Financial Times reported, a move that threatens to scupper a previously agreed deal with Chevron Corp. ...»

Saudi Aramco to tap into Jafurah deposits in hopes of becoming "major player" in gas

The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel. ...»

UK's shale gas commissioner quits over 'de facto' fracing ban

The UK’s commissioner for shale gas, an advocate for the public, has quit after six months, saying government policies and strict rules on hydraulic fracturing are stunting activity. ...»

Anadarko under pressure to decline Chevron offer as shares rise

It’s becoming increasingly difficult for Anadarko Petroleum Corp. to justify sticking with Chevron Corp.’s $30.9 billion takeover as its shares gain following Occidental Petroleum Corp.’s higher offer. ...»

Anadarko's shares rise as pressure mounts to pass on Chevron bid

It’s becoming increasingly difficult for Anadarko Petroleum Corp. to justify sticking with Chevron Corp.’s $30.9 billion takeover as its shares gain following Occidental Petroleum Corp.’s higher offer. ...»

BHP appoints Tristan Lovegrove as group investor relations officer

BHP has appointed Tristan Lovegrove as group investor relations officer, effective July 15, 2019. ...»

Saudi Taqa has purchased Schlumberger's Middle Eastern drilling business for $1.2 billion

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business. ...»

Oil patch shifts from growth to cash flow as U.S. rig count falls

Oil explorers idled rigs in the U.S. for a second consecutive week as operators shifted focus from production growth to cash flow. ...»

Chevron proceeds as planned with Anadarko merger, despite Oxy bid

Even as it faces a higher rival takeover bid, Chevron Corp. is already working on integrating Anadarko Petroleum Corp. ...»

Russia plans to clean-up pipeline contamination in coming weeks

After a chemical contamination that forced refiners to stop taking crude deliveries, Russia aims to restore normal oil flows through a major pipeline to eastern Europe in two weeks. ...»

Anadarko's share rise pose opportunity to reconsider Chevron offer

It’s becoming increasingly difficult for Anadarko Petroleum Corp. to justify sticking with Chevron Corp.’s $30.9 billion takeover as its shares gain following Occidental Petroleum Corp.’s higher offer. ...»

UK's shale gas commissioner quits over 'de facto' fraking ban

The UK’s commissioner for shale gas, an advocate for the public, has quit after six months, saying government policies and strict rules on hydraulic fracturing are stunting activity. ...»

Ryder Scott appoints new CEO

The new CEO and chairman at Ryder Scott Petroleum Consultants is Dean C. Rietz. ...»

PESA elects 2019-2020 board of directors

Petroleum Equipment and Services Association (PESA) elected a new chair and vice chair, along with five new industry leaders to its Board of Directors, on April 24, 2019 during the Annual Meeting in San Diego, Calif. PESA’s first-ever Platinum Award was presented at the meeting, along with the Emerging Executives Award, the Industry Advocate Award and the Industry Innovator Award. ...»

Noia questions provincial parties in offshore oil and gas policies

As a provincial general election is scheduled for May 16, 2019, Noia has issued a letter to the leaders of the four political parties seeking their position on the Newfoundland and Labrador offshore oil and gas industry. ...»

Chevron beats earnings estimates with cuts to operating expenses

Chevron beat analysts’ estimates for the first quarter as it cut expenses, bolstering its coffers ahead of a bidding war for Anadarko. ...»

Aramco sells first LNG as oil giant expands into liquid gas market

Saudi Aramco, entered the LNG business by selling its first cargo of natural gas. ...»

Total’s cash flow up as record output offsets lower oil price

Total boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of LNG compensated for a drop in crude prices. ...»

Aramco sells first LNG as oil giant expands into gas

Saudi Aramco, entered the LNG business by selling its first cargo of natural gas. ...»

Nigeria plans to double crude oil production, triple refining in bid for self-reliance

Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil independence. ...»

Russian oil shipped to parts of Europe halted due to contamination

Russian oil exported to parts of Europe were halted after customers complained of contamination in the crude, adding another disruption to the global oil market and pushing prices in London above $75/bbl. ...»

Nigeria plans to double crude oil production, tripe refining in bid for self-reliance

Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil independence. ...»

Trump to postpone offshore oil expansion to 2020 post-election

The Trump administration is delaying its bid to expand oil drilling to new U.S. waters until after the 2020 election in response to opposition from coastal Republicans and a legal defeat, according to two people briefed on the matter. ...»

Trump to postone offshore oil expansion to 2020 post-election

The Trump administration is delaying its bid to expand oil drilling to new U.S. waters until after the 2020 election in response to opposition from coastal Republicans and a legal defeat, according to two people briefed on the matter. ...»

ExxonMobil acquires more exploration acreage offshore Namibia

ExxonMobil has said it will increase its exploration acreage in Namibia with the addition of approximately 28,000 km2 (7 million net acres) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A. ...»

PESA diversity toolkit unveiled

In an effort to address diversity in the oil and gas industry, the Petroleum Equipment and Services Association (PESA) has provided member companies with a toolkit to help further progress towards each organization’s diversity and inclusion goals. ...»

Orbital Gas Systems secures GasPT orders from Samson AG

Orbital Gas Systems, a wholly-owned energy subsidiary of CUI Global, Inc., has announced that it has received orders for its GasPTi-F product from SAMSON AG, its global distribution partner, for use by a large industrial user of natural gas in Spain. ...»

World Oil Analysis: Chevron vs. Oxy: Who fits Anadarko better?

The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. ...»

Emerson's downhole reservoir network first to connect wireless sandface data to upper completion

Emerson, in partnership with Metrol, a leader in battery-powered wireless well monitoring, has launched the Intelligent Multistage Completion Network – an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface, the physical interface between the formation and the wellbore. ...»

Petrofac secures training solutions contracts in Oman, UAE and Iraq

Petrofac has secured a number of new awards and contract extensions, with a combined value of over $30 million, to provide training solutions for key national oil company and international oil company clients in Oman, the UAE and Iraq. ...»

Keppel FloaTEC secures engineering services contract for production semi in China

Keppel FloaTEC LLC, a wholly-owned subsidiary, of Keppel Offshore and Marine has secured an engineering services contract from China’s Offshore Oil Engineering Company Ltd (COOEC), the main EPCI (engineering, procurement, construction, installation) contractor for the Lingshui 17-2 production semi-submersible (semi) to be built in China. ...»

CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project. ...»

Maersk Supply Service awarded major FPSO mooring project

Maersk Supply Service has been selected to deliver an integrated FPSO mooring installation and replacement solution for an American oil major in the Gulf of Guinea. Maersk Supply Service will provide the full work scope from project management to execution. ...»

Emerson's downhold reservoir network first to connect wireless sandface data to upper completion

Emerson, in partnership with Metrol, a leader in battery-powered wireless well monitoring, has launched the Intelligent Multistage Completion Network – an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface, the physical interface between the formation and the wellbore. ...»

Sparrows Group secures UKCS contract with two major operators

Sparrows Group has reinforced its leading position in the North Sea following contract renewals worth an estimated $38.7 million (£30 million) in revenue in the first-quarter 2019. ...»

Trump's widening OPEC fight puts Saudi oil capacity in spotlight

The biggest threat to President Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. ...»

Russian oil imports to Europe halted due to contamination

Russian oil imports to parts of Europe were halted after customers complained of unusual impurities in the crude. ...»

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

...»

Talos Energy appoints Shane Young as executive V.P. and CFO

Talos Energy Inc. has announced the appointment of Shannon E. Young, III as executive V.P. and CFO of Talos, effective May 16, 2019. Michael L. Harding, II, currently executive V.P., CFO, chief accounting officer and treasurer, will continue to serve as the chief accounting officer of the company on an interim basis for a mutually agreed period. ...»

CNOOC China signs petroleum contract with PetroChina

CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. ...»

Oxy faces a heavyweight in Anadarko Prize Fight

Anadarko Petroleum's executives will be big winners in bidding war. Oh yeah, and the shareholders, too. ...»

Alberta eyes private producers as option to move crude

Shifting Alberta's shipments of crude-by-rail to private producers, is an option that Cenovus Energy Inc. CEO Alex Pourbaix said Alberta Premier-Elect Jason Kenney may be able to consider, instead of scrapping the plan altogether. ...»

U.S. may not be able to offset Iran oil losses

Secretary of State Mike Pompeo proclaimed America’s ability to help offset supply losses when the the U.S. vowed to stop any sales of Iranian crude. Maybe, but it would be a stretch. ...»

Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

Ashtead Technology has announced that it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the U.S. ...»

Drydocks World completes 5th project for the Arabian Gulf

Drydocks World, service provider to the marine, offshore, oil, gas and renewable energy sectors, has completed the 5th wellhead platform AQAM for TechnipFMC and end-client Dubai Petroleum. ...»

CNOOC China sign petroleum contract with PetroChina

CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block. ...»

Shell makes a deepwater discovery in the U.S. Gulf of Mexico

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. ...»

KCA Deutag awarded a four-year drilling contract extension in North Sea

KCA Deutag is delighted to confirm that its offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea. ...»

Shell has made a deepwater disciver in the U.S. Gulf of Mexico

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. ...»

Occidental makes 3rd Anadarko bid, seeks to derail Chevron deal

Occidental is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. ...»

Equinor bends to investor pressure on climate

Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change. ...»

Saudis see no need for immediate action on oil market

Saudi Arabia’s energy minister said he sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. ...»

Occidental makes Anadarko bid, seeks to derail Chevron deal

Occidental is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron. ...»

Lukoil reaches 100 MMt of oil at West Qurna-2 field

Cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project. ...»

Kenneth Collins joins OspreyData as V.P. of production optimization and services

OspreyData, leader in AI-based production optimization solutions for oil and gas, announced that Kenneth Collins has joined as V.P. of product optimization and services. ...»

Anadarko changed CEO's potential payout before Chevron deal

Anadarko Petroleum Corp. adjusted severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer, setting up CEO Al Walker to collect millions of dollars of additional compensation if he leaves the company. ...»

Northern Oil and Gas acquires Williston Basin properties

Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy) ...»

QCI's penetrator system solution avoids costly pulls while fracing

QCI has announced the rollout of a 10K psi ESP surface penetrator system, the QCI P5-10K, that eliminates the need and expense of pulling an ESP system on multi-well pads when fracing in close proximity. ...»

Anadarko changed CEO's potential payout before Chevron dealr to Chevron deal

Anadarko Petroleum Corp. adjusted severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer, setting up CEO Al Walker to collect millions of dollars of additional compensation if he leaves the company. ...»

Falcon Oil and Gas has negotiated a two-year extension of ORRI call option

Falcon Oil and Gas Ltd. has announced that Falcon Oil and Gas Australia Ltd. has successfully negotiated a two-year extension of the call option (the Extension) to acquire it’s 30% portion of the 2% ORRI from the TOG Group. ...»

Viking Energy Group showcases operations, technical team

Viking Energy Group, Inc., an independent exploration and production company focused on the acquisition and development of oil and natural gas properties, is pleased to provide detailed information on its operational and technical team, who are assisting with Viking’s strategy to acquire, enhance and develop new and existing assets in the Mid-Continent region. ...»

Norhtern Oil and Gas acquires Williston Basin properties

Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire the Williston Basin properties of VEN Bakken, LLC (Seller). Seller is a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy) ...»

ExxonMobil makes 13th discovery offshore Guyana

ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. ...»

QCI's penetrator system solution avoides costly pulls while fracing

QCI has announced the rollout of a 10K psi ESP surface penetrator system, the QCI P5-10K, that eliminates the need and expense of pulling an ESP system on multi-well pads when fracing in close proximity. ...»

Angola in recovery mode with oil-block auction, new refineries on the horizon

Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments with an auction of nine blocks this year and seeking new refineries. ...»

Apache announces temporary deferral of Alpine High natural gas production

Apache Corporation has announced that it initiated natural gas production volume deferrals from its Alpine High play in late March, in response to extremely low prices at Waha Hub. ...»

Europe pledges support of Iran as Trump targets oil exports

Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions. ...»

Apache announces temporary deferral of Alphine High natural gas production

Apache Corporation has announced that it initiated natural gas production volume deferrals from its Alpine High play in late March, in response to extremely low prices at Waha Hub. ...»

Lukoil produced 100 MMt of oil at West Qurna-2 field

Cumulative production at the West Qurna-2 field has reached 100 MMt of oil as part of successful implementation of Phase 1 of the project. ...»

Angola in recovery mode with oil-block auction, new refineries

Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments with an auction of nine blocks this year and seeking new refineries. ...»

Europe pledges support of Iran support as Trump targest oil exports

...»

Danos adds executive leadership

Danos has appointed Daryl Rousse, a 30-year industry veteran, as V.P. of production services. The announcement comes after Danos’ recent acquisition of Shamrock Energy Solutions, where Rousse served as COO for three years. ...»

Muphy Oil acquires deepwater GOM assets from LLOG for $1.375 billion

Murphy Oil Corporation has announced that its wholly owned subsidiary, Murphy Exploration and Production Company – USA, has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. The accretive, cash flow providing Gulf of Mexico assets currently produce approximately 38,000 boepd and are expected to add approximately 66 MMboe of Proven (1P) reserves and 122 MMboe of Proven and Probable (2P) reserves1. ...»

Trelleborg introduces two new oil and gas seals

Trelleborg Sealing Solutions announces the launch of the new XploR S-Seal and XploR FS-Seal that have been developed for demanding high pressure sealing environments, such as those found in oil and gas downhole tool applications. ...»

Wood opinion: Earth Day 2019 - Protect our species

Earth Day is celebrated by more than a billion people every year. ...»

OPEC+ oil cuts jeoperdized by Iran waiver termination

As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. ...»

Gazprom sees output falling as European gas demand declines

Gazprom PJSC forecasts a conservative natural gas production outlook for 2019, based on warm weather and growing competition from Russian-piped super-chilled fuel. ...»

Iran waivers jeopardize OPEC+ oil cuts

As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. ...»

Oceaneering takes delivery of the Ocean Evolution

Oceaneering International, Inc. is pleased to announce that the company has taken delivery of the advanced subsea construction support vessel, Ocean Evolution. ...»

BCCK Holding names Don Tyler as director of engineering

BCCK Holding Company, engineering, procurement, fabrication and field construction services company, has appointed Don Tyler as director of engineering. ...»

Iran waivers jeoperdize OPEC+ oil cuts

As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market. ...»

American drillers surge, Saudi agrees to steady oil supply after Iran waivers cease

Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world. ...»

BOEM: New OceanReports tool brings ocean data to the masses

A new, web-based interactive tool for ocean mapping and planning created by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) and the Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) will give everyone from ocean industries to coastal managers, students, as well as the general public, the opportunity to be an ocean explorer right from their own computer. ...»

ExxonMobil signs 20-year LNG agreement with Zhejiang Energy

ExxonMobil said that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. ...»

Wood: Earth Day 2019 - Protect our species

Earth Day is celebrated by more than a billion people every year. ...»

Gazprom sees ouput falling as European gas demand declines

...»

Iran threatens to close Strait of Hormuz, vital to oil shipments, if waivers end

Iran will close the Strait of Hormuz, a waterway vital for global oil shipments, if the country is prevented from using it, a senior military official said on Monday in what appears to be a response to the U.S. plan to end waivers on Iranian oil exports. ...»

Trump will not renew waivers, demands zero exports from Iran

The Trump administration will not renew renew waivers that allow countries to buy Iranian oil without facing U.S. sanctions. ...»

Camber Energy announces preliminary NYSE approval for pipeline service company acquisition

Camber Energy, Inc., based in Houston, Texas, has received preliminary non-binding approval from the staff of the NYSE American of the planned terms of its contemplated acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction. ...»

Colorado begins rewriting oil and gas rules with focus on safety

Colorado oil and gas regulators are taking the first steps to implement a new law that makes public health and the environment their top priority. ...»

Colorado begins rewriting oil-gas rules with focus on safety

...»

Australia will pay back Timor-Leste's oil revenue, Jose Ramos-Horta says

Jose Ramos-Horta says he is confident Australia will reimburse ‘every cent it wrongly received’ after the countries signed a maritime border treaty last year. ...»

CNPC overseas equity oil, gas output up 10% in first-quarter 2019

Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019. ...»

Trump's LNG push is helping power German green cruise liner boom

President Donald Trump’s bid to dump a glut of liquefied natural gas on Europe is getting an unlikely boost: stringent regulations on shipping emissions that are prompting the continent’s shipyards to hunt for alternatives to high-polluting diesel. ...»

Reliance rebukes reports of inappropriate payments for Venezuela oil

Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties are false, according to the company. ...»

Midland sees 26% population growth over last decade

Texas oil centers Midland and Odessa were among the fastest growing U.S. metros in 2018. ...»

Total's digital factory signals AI for drilling optimization

Total's use of artificial intelligence to screen geological data will help the oil and gas industry identify new prospects, and shorten the time to acquire licenses, drill and make discoveries, ...»

Midland sees 26% popluation growth over last decade

Texas oil centers Midland and Odessa were among the fastest growing U.S. metros in 2018. ...»

Equinor invests in new platform in Azerbaijan

Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a $6 billion investment decision to build an additional platform in the license area. ...»

BP, partners sanction $6 billion Azeri Central East development offshore Azerbaijan

BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. ...»

Chrysaor to acquire ConocoPhillips' UK oil and gas business for $2.675 billion

Chrysaor Holdings Limited is to acquire ConocoPhillips' UK oil and gas business for $2.675 billion. ...»

U.S. LNG exports on rise as regulators approve two new projects

Tellurian Inc.’s proposed $28 billion Driftwood terminal in Louisiana and Sempra Energy’s Port Arthur LNG project in Texas were cleared by the Federal Energy Regulatory Commission in a 3-1 vote in Washington, with Democratic Commissioner Richard Glick dissenting. ...»

Shipping American oil to China while avoiding American terminals, the case of the supertanker switcheroo

How can a supertanker, loading American oil without coming within a thousand miles of the Texas or Louisiana coast, avoid coming to the U.S.? ...»

ONGC places India on world map of heavy oil polymer flooding

Significant oil recovery has been obtained by a pilot in ONGC Becharji heavy oil field in North Gujarat, which was first put on production in July 1988. ...»

Eni enters into Ras Al Khaimah with Block A offshore EandP agreement

Eni has signed an exploration and production sharing agreement covering Block A offshore Ras Al Khaimah, as well as the relevant joint operating agreement. ...»

ABB upgrades switch fuse disconnector range with new Slimline XR Gold

ABB has upgraded its market-leading range of Slimline XR low-voltage switch fuse disconnectors, reducing power losses by up to 35% and increasing potential space savings. ...»

API: U.S. continues to lead the world in natural gas liquids, crude oil production

The American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 MMbopd, matching February 2019 ...»

2019 Machine Learning conference: Tapping into oil and gas data

The 4th Annual Machine Learning in Oil and Gas conference kicked off Wednesday, April 17, in Houston. ...»

LAGCOE 2019 registration is open

LAGCOE leadership announces LAGCOE 2019 online registration is officially open. The event will take place Oct. 9-11, 2019 in New Orleans, La., at the Ernest N. Morial Convention Center. ...»

Restrata unveils digital platform revolutionizing safety

Restrata, a technology and services company focused on security, safety and emergency response solutions has unveiled the Restrata platform. ...»

First Integrated Solutions secures significant contract with Spirit Energy

First Integrated Solutions, a leading provider of equipment rental and lifting and inspection services to the oil and gas sector, has been awarded a contract for the provision of rental equipment services and associated consumable purchases with Spirit Energy. ...»

Rick Perry plans his exit as Trump's Energy Secretary

Rick Perry is planning to leave the Trump administration and is finalizing the terms and timing of his departure. ...»

Nigeria Court orders arrests over Shell, Eni West African deal

A court in Nigeria ordered the arrest of two former ministers and others allegedly connected with illegal payments leading to the 2011 acquisition of what is considered one of the biggest oil fields in the West African country. ...»

Schlumberger, Halliburton see signs of recovery amid earnings pain

It’s been a tough few years, but the OFS giants may finally be on an upward curve, thanks to a recovery in international drilling activity and signs of something similar happening in the U.S. ...»

Wintershall expands portfolio in Argentina

Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects in Argentina. ...»

ABB names Peter Voser as interim CEO, Ulrich Spiesshofer steps down

The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. ...»

DNV GL awards CMHI AIPs for arctic SCDU

DNV GL's Head of Technical Centre China Falk Rothe handed over the two certificates to Dr. Lixin Xu from China Merchants Offshore Technology and Research Center (CM-OTRC). ...»

Gazprom Neft develops the Yamalo-Nenets Autonomous Okrug

Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the company to start developing Achimov strata at the Yamburgskoye oil and gas condensate field as well as oil-rim deposits at its parent company’s Pestsovoye and En-Yakhinskoye fields. ...»

Brazil's Pre-salt Exclusive Economic Zone discussion postponed for 2020

The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast. ...»

Total plans four new wells in Lapa field, offshore Brazil

Total plans four new wells in Lapa field, offshore Brazil. ...»

COGA: Governor Polis signs SB 181 into law

Governor Jared Polis signed Senate Bill 181 into law, granting new authority to local governments to regulate oil and natural gas development and signifying the beginning of a lengthy rulemaking process. ...»

Equinor wins seven exploration blocks offshore Argentina

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...»

SOFEC completes engineering, supply, delivery of mooring system to Petronas

SOFEC, Inc. has announced that it has completed the engineering, supply and delivery of mooring system (chains and anchors) contract for Petronas Floating LNG 1 (L) Ltd (PFLNG1). ...»

Majors step up to bid on Argentina offshore acreage

Argentina's first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires. ...»

NETZSCH showcases NOTOS Multiple Screw Pumps at 2019 OTC

NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, will be highlighting its NOTOS Multiple Screw Pumps at the Offshore Technology Conference (OTC 2019), which will be held May 6-9, 2019 at NRG Park, in Houston, Texas. ...»

SMR Premium studies open-die forging market, Open-Die Forging Book directory

The global open-die forging industry is looking back to some of the more difficult years in history. ...»

Halliburton awarded Shell Offshore exploration contract in Brazil's Campos, Santos basins

Halliburton awarded Shell Offshore exploraiton contract in Brazil's Campos, Santos basins ...»

Halliburton awarded Shell Offshore exploraiton contract in Brazil's Campos, Santos basins

Halliburton awarded Shell Offshore exploraiton contract in Brazil's Campos, Santos basins ...»

CGG’s Dan Hampson, Brian Russell honored at the GSH-SEG Spring Symposium

Dan Hampson and Brian Russell from GeoSoftware, part of CGG’s Geoscience Division, are being honored for their groundbreaking achievements in geophysics by the Geophysical Society of Houston and the Society of Exploration Geophysicists at their jointly sponsored 2019 GSH-SEG Spring Symposium and Exhibition being held in Houston this week. ...»

Canada's United Conservative Party Leader Jason Kenney vows to fight harder for energy industry

Alberta has made a made a conservative move by electing Kenney premier after he vowed to fight harder for the Canadian province’s beleaguered energy industry. ...»

South Sudan reignites dormant blocks to boost oil production

South Sudan plans to increase oil production by using blocks that were shut-in due to civil war, according to the nation’s oil minister. ...»

Wildcatter Floyd Wilson launches Falconer Oil and Gas Corp.

Legendary wildcatter Floyd Wilson is back with his “ninth or tenth” oil company. Fresh from getting ousted as chief executive of Halcon Resources Corp. ...»

DNV GL in UK extends contract for Dana Petroleum

DNV GL has secured a 3-year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS). ...»

ExxonMobil wins three blocks in Argentina offshore bid round

ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. ...»

Colorado Petroleum Council responds to Senate Bill 181 being signed into law

Governor Jared Polis signed Senate Bill 181 into law. Governor Polis’ signature follows the measure’s passage through the Colorado legislature on April 3, 2019. ...»

Multi-discipline technology, engineering group announces largest deal to date

Multi-discipline technology, engineering group announces largest deal to date ...»

Zennor provides Finlaggan field development update

Zennor Petroleum Limited, through its subsidiary Zennor Pathway Limited, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (block 21/05c and 21/05d, Licence P2013). ...»

Turan Drilling and Engineering wins $500 million BP contract in Azerbaijan

Turan Drilling and Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), has announced that it has been awarded its first contract, with BP Exploration (Caspian Sea) Limited (BP). ...»

Concho Resources, Frontier Midstream form JV, Beta Crude Connector

Concho Resources Inc. and Frontier Midstream Solutions IV, LLC announced the formation of Beta Crude Connector, LLC (BCC), a midstream joint venture to build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin. ...»

Arja Talakar named CEO of Siemens Oil and Gas

Arja Talakar has been appointed CEO of Siemens Oil and Gas, effective April 1, 2019. He will be based in Houston, Texas, the global headquarters for oil and gas and its parent operating company, Siemens Gas and Power. ...»

STEM students compete in ROV competition at Robert Gordon University

The engineers of the future will go head to head at Robert Gordon University (RGU) this week (Wed. April 17) when they put underwater robots, which they have designed and built, to the test as part of an annual competition. ...»

Talos Energy provides update on Zama appraisal program

Talos Energy provides update on Zama appraisal program ...»

Premier Oil has made successful well test of Zama discovery

Premier notes the press release by Talos Energy, the operator of Block 7 offshore Mexico, announcing the successful drill stem test (DST) of the Zama-2 side track well (Zama-2ST1). ...»

BiSN appoints Kema Prapoo to V.P. of sales

BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, continues to underline its commitment to global growth with the appointment of Hema Prapoo as V.P. of sales. ...»

Oil's facing odds of demand worsening before getting better

Oil’s march back toward a four-year high is now facing some roadblocks in the form of demand in Asia, though the path may clear to allow further gains later this year. ...»

OPEC gambles with success of production cuts as $80 oil looms

After managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high. ...»

Permian water company Solaris says it's closing in on new deal

Solaris is closing in on water deals with other companies as explorers increasingly outsource one of the key components of fracking. ...»

U.S. exported 2 MMbopd in 2018 to 42 destinations, nearly doubling 2017

In 2018, U.S. exports of crude oil rose to 2.0 MMbpd, nearly double the 1.2 MMbpd rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased. ...»

Emerson upgrades reservoir engineering suite, Roxar Tempest

Emerson upgrades reservoir engineering suite, Roxar Tempest ...»

Schlumberger considering COO Oliver Le Peuch as next CEO

Schlumberger Ltd.’s board may have top candidate in COO Olivier Le Peuch to become its next CEO, according to a person familiar with the matter. ...»

Shell's headquarters sustain thousands in damage as environmental activists wreak havok

A group called Extinction Rebellion targeted the Anglo-Dutch oil major as part of a days-long event in which it disrupted public areas throughout London with banners and props. The actions were designed to draw attention to the use and production of fossil fuels. ...»

Delek, Ineos emerge as front-runners for Chevron's UK fields

As Chevron's North Sea oil and gas fields divestment progresses, Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are top contenders, according to people familiar with the matter. ...»

Twelve Seas to buy U.A.E.'s Brooge Petroleum for $1 billion

Twelve Seas Investment Co. agreed to acquire Brooge Petroleum and Gas Investment Co. in a deal valued at about $1 billion. ...»

OTC, United Against Human Trafficking continue five-year partnership

The Offshore Technology Conference (OTC) and United Against Human Trafficking (UAHT) are proud to continue their now five-year partnership to provide awareness, education, and outreach to end human trafficking. ...»

BP, Schneider Electric Sign Five-Year, Global Frame Agreement

BP, a global energy producer, has selected Schneider Electric, a leader in the digital transformation of energy management and automation, as one of its main electrical contractors (MEC) in a five-year global framework agreement. ...»

Energean reports >1 Tcfg discovery at Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery. ...»

Caspian Sunrise reports increased production in Kazakhstan

Caspian Sunrise is pleased to update shareholders with developments at its flagship BNG Contract Area. ...»

Penspen opens new office in Aberdeen

Penspen, global provider of engineering, asset integrity and project management services to the energy industry, has opened a new office in Aberdeen following a growth in demand for its engineering and asset integrity services in the area. ...»

Malin React has appointed Graham Penman as business unit manager

Malin React, a newly launched arm of the Malin Group, has appointed industry stalwart, Graham Penman as a business unit manager to head up its operation. ...»

WFS 2nd generation Seatooth improves offshore safety, reduces cost in North Sea

A new generation of subsea technology has been successfully used to improve safety and reduce cost in the North Sea oil and gas industry for the first time. Cutting-edge computing and subsea wireless IP camera technology deployed on a pipeline construction project enhanced diver safety and generated significant cost savings by avoiding the need for additional subsea vessels. ...»

Oil retreats after longest run of weekly gains in three years

Oil retreated in New York after its longest run of weekly gains in three years. ...»

Chevron gets treasure, trouble with rebel-hit Mozambique gas

Chevron Corp.’s acquisition of Anadarko Petroleum Corp. gives it access to the popular Permian Basin, in addition to one of the biggest natural-gas discoveries in Africa in the past decade. ...»

Chevron's mega-deal proves U.S. energy powerhouse

Amidst the world's focus on climate change and transition to natural gas, the world’s biggest energy companies are focusing on where it all began: American oil. ...»

Iran offers up 6 MMbbl of oil with dismal results

As Iran struggles to sell 6 MMbbl of oil, only one deal has closed for 35,000 bbls, so far. ...»

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

McDermott International, Inc. and Baker Hughes, a GE company (BHGE) have announced 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. ...»

McDermott awarded large offshore EPCI contract by Qatargas

McDermott International, Inc. has announced a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar. ...»

Investors applaud Chevron for $33 billion purchase of Anadarko

At $33 billion, Chevron’s acquisition of Anadarko Petroleum is something of a bargain, according to investors. ...»

Chevron's Anadarko bid seen putting other Permian companies in play

Chevron’s $33 billion bid for Anadarko may presage a new Permian buying spree, with Pioneer and Concho among the next prime targets. ...»

Nidec ASI to supply VFDS for $25.5 billion Arctic Lng 2 project

Nidec ASI, head of the Nidec Industrial Solutions business platform belonging to the Nidec Group, signed last month with Siemens Gas and Power , a multi-million euro contract, for the supply of Variable Frequency Drives Systems (VFDS) and Motors for the Arctic LNG 2 project which will be used as part of the Natural Gas (LNG) liquefaction plants located in the Yamal peninsula in Arctic Russia. ...»

ADES secures new contracts in Algeria

ADES International Holding PLC (ADES or the Group), an oil and gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA). ...»

CNOOC signs a PSC with Smart Oil

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bohai 09/17 Block (contract area). ...»

Maersk Supply Service to install onboard energy advisory system

Maersk Supply Service signed a contract with Eniram, a Wärtsilä company, to install an Energy Advisory System on its vessels. ...»

Chevron buys Anadarko in cash-and-stock deal (WoodMac)

Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, Wood Mackenzie’s senior corporate analyst, said “This is the biggest upstream deal since Shell and BG in 2015. ...»

Chevron buys Anadarko in $33 Billion bet on shale, LNG

Chevron agreed to buy Anadarko Petroleum in a $33 billion bet on the Permian shale-oil region and LNG ...»

Chevron to acquire Anadarko Petroleum for $33 billion (CVX press release)

Chevron has entered into a definitive agreement with Anadarko Petroleum to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65/share. ...»

Exxon claims U.S. government sold tainted crude

Exxon Mobil is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. ...»

Chevron to acquire Anadarko Petroleum for $33 billion

Chevron has entered into a definitive agreement with Anadarko Petroleum to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65/share. ...»

Chevron agrees to acquire Anadarko for $33 billion

Chevron has entered into a definitive agreement with Anadarko Petroleum to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65/share. ...»

Chevron inters into an agreement to acquire Anadarko

Chevron has entered into a definitive agreement with Anadarko Petroleum to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65/share. ...»

NOIA appoints 17 oil and gas industry leaders to board of directors

The National Ocean Industries Association (NOIA) has elected 17 industry leaders to its board of directors on April 11, 2019 during its annual meeting in Washington, DC. ...»

U.S. Senate confirms David Bernhardt as interior secretary

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on the Senate confirmation of David Bernhardt as Secretary of Interior. ...»

Permian's flaring rises by 85% as oil boom continues

The Permian Basin has produced so much natural gas that by the end of 2018 producers were burning off more than enough of the fuel to meet residential demand across Texas. ...»

Saudi Aramco seeks to double its refining network to 10 MMbopd by 2030

More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus. ...»

Era Helicopters wins 2019 NOIA Safety in Seas Culture of Safety Award

The National Ocean Industries Association (NOIA) presented Era Group Inc. with the 2019 NOIA Safety in Seas (SIS) Culture of Safety Award today during the association’s annual meeting in Washington, DC. Era is recognized for instituting a robust safety culture that resulted in a drop in the company’s Total Recordable Incident Rate from 1.78 to zero, and a reduction in Lost Time Injury Cases from .78 to zero, within the last five years. ...»

Africa Oil acquires $5 million in shares of Eco (Atlantic) Oil and Gas

Africa Oil Corp. has announced that it had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. $1.05 per common share for a total consideration of $4,999,998. ...»

Acteon adds significant geotechnical, geophysical survey capabilities with Benthic acquisition

Subsea services group Acteon has agreed to acquire offshore marine geotechnical and geophysical survey company Benthic. ...»

Alba Mineral Resources has announced Horse Hill aggregate total Portland volume exceeds 15,000 bbl

Alba Mineral Resources plc, the diversified mineral exploration and development company, has announced that Horse Hill Developments Ltd (HHDL or the Operator), the operator of the HH-1 Kimmeridge Limestone (KL) and Portland Sandstone (Portland) oil discovery in which Alba has an 11.765% interest. ...»

Norway's Petroleum Safety Authority investigates gas leak at Aasta Hansteen field

The Petroleum Safety Authority Norway (PSA) has launched an investigation into a gas leak experienced on the Aasta Hansteen field in the Norwegian Sea on April 8, 2019. This incident occurred in connection with gas flaring. ...»

Tendeka reports major growth in North Sea projects

Independent global completions service company, Tendeka, has more than doubled its work in the UK offshore sector over the past twelve months. ...»

Core Laboratories wins 2019 NOIA safety practice award

The National Ocean Industries Association (NOIA) has presented the 2019 Safety-in-Seas (SIS) Safety Practice Award to Core Laboratories in recognition of its Iron CoreHand Lifting Assist System. The system allows well site crews to be entirely hands off during core tube handling operations. ...»

Major operator recovers from stuck pipe using Churchill's HyPR HoleSaver

A major UAE operator has recovered from stuck pipe by severing its drill string in just 2.5 hr, reports Churchill Drilling Tools, a global oilfield service company specializing in drilling innovation. ...»

Shell to sell interest in U.S. GOM Caesar-Tonga asset for $965 million

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, signed an agreement to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd. ...»

Oceaneering launches global engineering consultancy business

Oceaneering International, Inc. has launched a new global Engineering Consultancy, aimed at delivering specialist technical engineering solutions that complement its existing asset Integrity business. ...»

Layne Water Midstream receives $200 million injection to boost water management business

Post Oak Energy Capital, LP and Genesis Park, LLC, through investment partnerships each company separately manages, has announced that they have led a $200 million equity commitment to Layne Water Midstream Holdings, LLC (LWM). ...»

Ensco and Rowan merge to form EnscoRowan

Ensco Rowan plc, has announced the completion of the previously disclosed merger of Ensco plc and Rowan Companies plc, which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction. ...»

Tendeka focuses on UKCS, reports expansion

Independent global completions service company, Tendeka, has more than doubled its work in the UK offshore sector over the past twelve months. ...»

Shell to sell interst in U.S. GOM Caesar-tonga asset for $965 million

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, signed an agreement to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd. ...»

Halliburton Day declared in Houston celebrating OFS company's 100th year

Halliburton Company is pleased to announce the City of Houston declared Wednesday, April 10, 2019, as Halliburton Day in honor of the company’s 100 years of growth, innovation, and unparalleled customer service. ...»

Canadian oil-sands fate rests on conservative's plan

Jason Kenney has had it with the passive approach to fighting for Canada’s energy sector. ...»

Trump paves way for U.S. energy infrastructure development

U.S. President Donald Trump on Wednesday signed two Executive Orders to streamline Federal processes surrounding energy infrastructure development. First, the President signed an Executive Order (EO) to address regional and local energy supply constraints, and to promote an efficient energy market. ...»

Centurion Group acquires Tango Delta, expands breadth of services

Centurion Group, supply of critical rental, infrastructure and support services company, is pleased to announce that it has expanded its drilling, completions and production (DCP) segment with the acquisition of Tango Delta Rentals, Canadian communications and specialty equipment rentals business. ...»

Crestwood acquires Williams' 50% interest in Powder River Basin JV

Crestwood Equity Partners LP (Crestwood) has announced, in a separate joint press release with The Williams Companies, Inc. (Williams), that Crestwood Niobrara LLC (Crestwood Niobrara) acquired a 50% interest in Jackalope Gas Gathering Services, L.L.C. (Jackalope) from Williams for approximately $485 million. ...»

U.S. Chamber’s Global Energy Institute support's Trump's executive order on energy infrastructure

Christopher Guith, acting president of the U.S. Chamber’s Global Energy Institute, issued the following statement regarding President Trump’s Executive Orders on energy infrastructure signed today. ...»

Donald Trump's executive action speeds critical energy infrastructure

Toby Mack, president and CEO of the Energy Equipment and Infrastructure Alliance (EEIA), has praised President Trump for signing executive orders to support development of critically-needed energy infrastructure. ...»

CGG completes 2D survey offshore Gabon

Acquisition of CGG’s 6,089.44 mi (9,800 km) long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed. ...»

CSI Compressco opens center of excellence facility in East Texas

CSI Compressco opens center of excellence facility in East Texas ...»

Borets installs 250th permanent motor in Permian

Engineering, manufacturing, sales and service of electric submersible pump (ESP) systems company, Borets, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the U.S. ...»

Halliburton Day declared in Houston celebrating oil company's 100th year

Halliburton Company is pleased to announce the City of Houston declared Wednesday, April 10, 2019, as Halliburton Day in honor of the company’s 100 years of growth, innovation, and unparalleled customer service. ...»

British Columbia legislation moves towards electric cars, CO2 reductions

New legislation will help reduce climate pollution by phasing out gas-powered light-duty vehicles and making zero-emission vehicles (ZEV) more available and affordable for British Columbians. ...»

IPAA supports President Trump's energy infrastructure executive order

The Independent Petroleum Association of America (IPAA) welcomes President Donald Trump’s executive orders issued today supporting the development of energy infrastructure including pipelines. ...»

Newpark to showcase stimulation, completion fluids at OTC

Newpark Fluids Systems will introduce its expanded portfolio of stimulation and completion fluids at the Offshore Technology Conference (OTC) (May 6-9, 2019; NRG Park, Houston, Texas). ...»

Forum launches VMAX eROV pilot simulator training upgrade

Forum Subsea Technologies has launched the latest version of its VMAX simulator to integrate with its next generation of electric remotely operated vehicles (eROV). ...»

Iraq’s burgeoning crude exports become factor in OPEC policies

Iraq has quietly emerged as the world’s fourth-biggest oil producer and wants a bigger say in OPEC and the global energy game. ...»

Milestone receives oilfield waste landfill permit in Permian Basin

Milestone Environmental Services (Milestone), an oilfield waste disposal services company, has announced that the Railroad Commission of Texas (RRC) has approved the company’s second RCRA-exempt oilfield waste landfill permit in the Permian Basin. ...»

Camber Energy revises LOI for pipeline service, construction company acquisition

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

Forum launches VMAX eROV pilot simulator training

Forum Subsea Technologies has launched the latest version of its VMAX simulator to integrate with its next generation of electric remotely operated vehicles (eROV). ...»

Gazprom raises gas exports to France by 58% in five years

A working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Sylvie Bermann, ambassador extraordinary and plenipotentiary of France to the Russian Federation, took place today at the Arctic: Territory of Dialogue 5th International Arctic Forum in St. Petersburg. ...»

Ascent Resources has been approved to install processing plant at Petišovci, Slovenia

The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency (ARSO) that it has again approved the permit application (IPPC) for the installation of a processing plant at Petišovci, that the Company and its Slovenian partners originally submitted in June 2014, subject to any further appeal. ...»

Aker Solutions, FSubsea boost subsea oil recovery with FASTSubsea

Aker Solutions and FSubsea have agreed to create FASTSubsea to help operators increase oil recovery in a faster, simpler and more environmentally friendly way. ...»

Brazil to pay Petrobras $9 billion in oil contract settlement

Petrobras will get $9.06 billion to settle a deepwater contract dispute with the government, ending years of negotiations and paving the way for the majors to access crude deposits in the area. ...»

Exxon working with Israel to develop floating LNG export facility

Exxon Mobil is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field. ...»

Saudi Aramco makes unprecedented debut with $12 billion sale of bonds

Saudi Arabia's first giant step onto the global financial stage proved ambitious as it's state-run oil company issued $12 billion of bonds in one of the most oversubscribed debt offerings in history. ...»

Saudi Aramco sells makes unprecedented debut with sale of $12 billion bonds

Saudi Arabia's first giant step onto the global financial stage proved ambitious as it's state-run oil company issued $12 billion of bonds in one of the most oversubscribed debt offerings in history. ...»

Trump eyes limit on U.S. state power over pipelines

Despite winning a federal approval in 2014, a 124-mi natural gas pipeline project from Pa. to N.Y. is still no closer to reality. ...»

Harvey Gulf selects Wärtsilä for first PSV hybrid retrofit in Americas

A hybrid retrofit installation, featuring an energy storage solution from the technology group Wärtsilä, will significantly enhance the efficiency and environmental performance of the ‘Harvey Energy’, a platform supply vessel (PSV). ...»

Weir, Azerbaijan State Oil and Industry University sign knowledge-sharing MoU

Weir Oil and Gas has announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920. ...»

Forum secures ROV contracts for DOF Subsea's Brazil projects

Forum Subsea Technologies has secured orders from DOF Subsea to supply three of its Ultra Compact Perry XLX-C work-class remotely operated vehicles (ROVs). ...»

Well-Safe Solutions acquires semisubmersible to customize as PandA unit

Well-Safe Solutions has agreed to acquire the Ocean Guardian semisubmersible drilling unit, sparking another jobs boost for the company. ...»

WFS Technologies appoints sales channel director

WFS Technologies, a global specialist in disruptive wireless subsea technology, has further reinforced its senior management team following the appointment of Richard Adams as sales channel director. ...»

KBR, BHGE develop mid-scale LNG reference design, in partnership with ConocoPhillips

KBR, Inc. has announced that it has selected Baker Hughes, a GE company, as part of the ongoing development of KBR's standardized mid-scale Liquefied Natural Gas (LNG) design. ...»

Total, Papua New Guinea sign Papua LNG project agreement

Total and its partners ExxonMobil and Oil Search have signed the gas agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project. ...»

LAGCOE announces LAGCOE Looey 2019 - Conelius Dupré II

LAGCOE is proud to announce LAGCOE Looey 2019, Mr. Cornelius “Corny” Dupré II, chairman of Dupré Interests and Dupré Energy Services. ...»

Aramco gets unprecedented $100 billion demand for bond deal

Aramco received more than $100 billion in orders for its maiden global bond. ...»

Goldman draws inferences from 1990s to predict oil’s future

The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group. ...»

Aramco receives blockbuster $100 billion demand for bond

Aramco received more than $100 billion in orders for its maiden global bond. ...»

OPEC+ learns from past as new oil cutbacks hit the mark

If there’s one conclusion to be drawn from oil’s return to $70/bbl, it’s that OPEC has learned from its mistakes. ...»

Aquaterra awarded multi-well dollar construction contract by Lundin Norway

Aquaterra Energy, global offshore engineering solutions company, has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field. ...»

Mubadala, The Carlyle Group acquires stake in Cepsa for $12 billion

Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group have announced that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala. ...»

As conflict escalates in Libya, so do global oil prices

Libya is heading towards mass chaos that puts oil output and exports at risk, just as its oil sector looked set to stage a recovery. ...»

Permian Basin's future depends on the Reservoir Study Group, or "really smart guys"

Scott Hodges, a 57-year-old manager with Occidental Petroleum Corp., runs a cluster of installations at the Hobbs oil field, where dozens of wells don’t pump a single barrel of oil but instead do the opposite: push stuff -- lots of it -- into the ground. ...»

Total strengthens Oman's natural gas sector

Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration license on Block 12 with significant prospective gas resources. ...»

Energean has completed extended reach well in Greece

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce successful completion of drilling operations of the extended reach well, EA-H3. ...»

The Carlyle Group acquires stake in Cepsa for $12 billion

Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group have announced that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala. ...»

High Speed Transfers second Damen FCS 2710 vessel contracted by Shell for Black Sea program

UK-based crew transfer specialist High Speed Transfers (HST) has announced that its second vessel of Damen’s new FCS 2710 class will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019. ...»

Shell invests in electric car charging, reforestation globally with $300 million investment

Shell has announced a program to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated by customers when using its products. Shell plans to invest $300 million over the next three years. ...»

Aquaterra awarded multi-well construction contract by Lundin Norway

Aquaterra Energy, global offshore engineering solutions company, has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field. ...»

Saturn Oil and Gas Inc. exceeds 1,400 bopd, 300% increase from 2018

Saturn Oil and Gas Inc. is pleased to announce finishing successfully the drilling, completion, equip and tie-in of its nine (9) wells in first-quarter 2019. ...»

Norway’s parliament blocking Lofoten offshore development

Western Europe’s biggest petroleum producer is falling out of love with oil. ...»

Russia expands LNG operations in Arctic

About 1,500 mi from Moscow, the port of Sabetta on the Russian Arctic peninsula is the site of Russia’s most ambitious LNG project. ...»

Shell to invest $15 billion in Nigeria's oil and gas industry

Nigeria will get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor. ...»

Venezuela, Cuba-allied companies sanctioned by U.S. for 2019 oil shipments

The companies -- linked to the delivery of oil during February and March aboard the tanker Despina Andrianna -- are Ballito Bay Shipping Inc., based in Monrovia, Liberia and ProPer In Management Inc., based in Piraeus, Athens, the U.S. Treasury Department said in a statement. ...»

Trump's Keystone XL pipeline permit back in court as indigenous group files complaint

President Donald Trump's permit to restart TransCanada Corp.'s halted Keystone XL pipeline receives backlash from conservation groups who urged a Montana federal court to toss out the new permit. ...»

Saudi Aramco, big banks prepping ~$10 billion offering

Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering next week. Early indications suggest investors are already crowding in as the world closely watches. ...»

Trump's Keystone XL pipeline permit back in court as indigenous group file complaint

President Donald Trump's permit to restart TransCanada Corp.'s halted Keystone XL pipeline receives backlash from conservation groups who urged a Montana federal court to toss out the new permit. ...»

Saudia Aramco, big banks prepping ~$10 billion offering

Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering next week. Early indications suggest investors are already crowding in as the world closely watches. ...»

Jordan to negotiate $1 billion debt-reduction loan, oil from Iraq to help boost economy

Jordan and the World bank are in $1-billion loan discussions to cut the cost of the Middle East country's debt repayments and revive an economy strained by more than a million Syrian refugees. ...»

Shell Petroleum to invest $15 billion in Nigeria's oil, gas industry

Nigeria will get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor. ...»