Crude tumbles toward worst May in seven years on trade-war anxiety

Oil slid toward its worst May performance in seven years as global trade tensions escalated, undermining the outlook for energy demand growth. ...»

Trump tariff on Mexican oil could slam U.S. Gulf refiners

U.S. oil refiners could get hit if crude is included in President Donald Trump’s threatened 5% tariff on Mexican goods. ...»

Marathon Oil exits Iraq upon completion of Kurdistan divestiture

Marathon Oil Corporation has announced that it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan. ...»

Turkey mulls deployment of Russian missile near gas exploration zone

Turkey is considering deploying a Russian missile-defense system along the country’s southern coast, near where its warships are accompanying vessels exploring for energy, according to four people with knowledge of the deliberations. ...»

Boskalis Subsea Services cements position in North Sea with £100-million clutch of contracts

Boskalis Subsea Services has cemented its position in the North Sea and affirmed its commitment to Aberdeen with new contracts, more people and bigger premises. ...»

Global crude production drops sharply over last six months

From Russia to Saudi Arabia, Iran to Venezuela, the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month. ...»

Global crude production falls sharply over last six months

From Russia to Saudi Arabia, Iran to Venezuela, the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month. ...»

API President and CEO emphasizes Alaska’s role in U.S. energy revolution

API President and CEO Mike Sommers today delivered remarks to more than 500 local leaders at the Alaska Oil and Gas Association (AOGA) Annual Meeting in Anchorage. ...»

Oil giants unlikely to bail out independent drillers in the Permian

Oil giants probably won’t be buying up the Permian basin’s struggling independent drillers any time soon. ...»

EIA: Canada is a key energy trade partner to the U.S.

Canada is the largest energy trading partner with the United States based on the combined value of energy exports and imports. ...»

Eni board of directors approves measures to begin buy-back program

The Eni board of directors, in execution of the authorization granted by the Eni shareholders’ meeting of May 14, 2019 and within the terms announced to the market on that date, has approved measures to begin the 2019 share buy-back program. ...»

Icahn sues Occidental, threatens fight for sale of the company

Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum Corp. with the goal of potentially seeking board seats and a sale of the company. ...»

New prime minister could pose threat to PNG natural gas projects

A critic of Papua New Guinea’s resource deals has been chosen as the country’s prime minister, a potential speed bump for multi-billion-dollar natural gas export projects led by Exxon Mobil Corp. and Total SA. ...»

Canadian natural closer to "King of oil Sands" with Devon purchase

Canadian Natural Resources Ltd. can’t yet claim the “King of the Oil Sands” status, but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site. ...»

Oilfield Helping Hands to host saltwater fishing tournament

Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, will be hosting its 15th Annual Saltwater Fishing Tournament on June 20-21, 2019, at Port O’Connor Community Center in Port O’Connor, Texas. ...»

Delek’s Ithaca Energy unit to acquire Chevron’s Central North Sea assets

Delek Group Ltd., the energy company controlled by Israeli billionaire Yitzhak Tshuva, agreed to buy North Sea oil and gas fields from Chevron Corp. for about $2 billion, the latest deal in a region where smaller players are becoming increasingly prominent. ...»

OPITO appoints new V.P. for Americas to support oil and gas safety, skills

OPITO, the global, not-for-profit skills body for the energy industry, has appointed Brandon Grosvenor to the new role of V.P. of strategic development for the Americas region. ...»

WFS Technologies unveils new riser monitoring system

WFS Technologies has unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface, on fixed structures including jackets and braces. ...»

Siemens enters Permian gas processing market with electric compression technology

Siemens was awarded a contract to provide three residue compression trains for two, 250 MMcfgd cryogenic gas plants in the Delaware basin. ...»

China rallies energy giants as trade battle with U.S. heats up

China is mobilizing its state-run energy industry to prepare for an economic tussle with the U.S. that could escalate and last for years. ...»

Total SA quits DRC crude search, partner says

Oil giant Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said. ...»

SEEPEX adds new directors to team

SEEPEX Inc. is pleased to announce new personnel hired in the spring of 2019. ...»

Anvil International and Smith-Cooper International complete merger

Anvil International and Smith-Cooper International (SCI) have announced the completion of their merger. ...»

Investment on the rise in the oil and gas sector

In sharp contrast to the wider UK economy, North Sea operators and contractors are bucking the trend and investing across people, RandD, technology and new markets to support continued growth, according to an industry report released today (Wed., May 29, 2019). ...»

TransGlobe Energy Corporation announces approval of new development lease, operations update

TransGlobe Energy Corporation announces an approval of a new development lease and an operations update. All dollar values are expressed in US dollars unless otherwise stated. ...»

API: Colorado Petroleum Council responds to Broomfield City Council imposing moratorium on new energy development

Broomfield City Council approved a six-month moratorium on new natural gas and oil development in the city, becoming the seventh Colorado community to impose a ban since the introduction of Senate Bill 181 in March. ...»

Colorado Petroleum Council responds to Broomfield City Council imposing moratorium on new energy development

Broomfield City Council approved a six-month moratorium on new natural gas and oil development in the city, becoming the seventh Colorado community to impose a ban since the introduction of Senate Bill 181 in March. ...»

‘Freedom Gas’: U.S. touts LNG as molecules of liberty

The U.S. has a message for the rest of the world: Get ready for a lot more "freedom gas." ...»

Total SA quits Congo crude search, partner says

Oil giant Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said. ...»

Kimmeridge Energy, PDC continue board spat after losing majority vote

Kimmeridge Energy Management fell short in its efforts to revamp the board of PDC Energy Inc. with investors in the driller opting to reelect incumbent directors. ...»

Shell continues South African oil expansion with second deal

Months after a major discovery by Total SA boosted the country’s hydrocarbon prospects, Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters. ...»

ExxonMobil investors move closer to upending dual CEO-Chair role

ExxonMobil Corp. beat back mounting pressure to split the chairman and chief executive positions, and dismantle a structure that dates back decades and has seen the explorer through oil embargoes, war, currency crises and nationalizations. ...»

Sierra Leone announces re-opening of 4th licensing round

The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, are delighted to announce the re-opening of the 4th Licensing Round as of May 21, 2019. ...»

Rotork electric actuators powered by solar panels on U.S. gas production wells

Rotork intelligent full-turn electric actuators have been supplied for upstream shale gas production wells in the U.S. ...»

Danos continues to win big in Permian and Delaware basins

Danos has recently entered into a contract with an independent land company based out of Dallas, Texas, to transition 50-60 crew members in a variety of positions. ...»

Exterran makes splash in Permian with produced water contract

Exterran Corporation, a global systems and process company offering solutions in the oil, gas, water, and power markets, announces its Water Solutions business has secured a significant produced water treatment contract with a major operator in the Midland area of the Permian basin. ...»

Vermilion, Aspect and EPH submitted bids for oil and gas acreage in Ukraine

The nine blocks that were opened for PSA tenders in February 2019 have received 22 bids from 13 companies. ...»

Oil slumps as U.S.-China trade hostilities escalate

Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth, overshadowing forecasts for a drop in American crude inventories. ...»

Canadian Natural Resources buys Devon's Canada unit for $2.8 billion

Canadian Natural Resources agreed to buy the Canadian business of Devon Energy for $2.8 billion, gaining heavy-oil assets in the province of Alberta. ...»

UAE central bank forecasts downbeat 2019 outlook, compared to IMF

Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary Fund, according to the central bank of the United Arab Emirates. ...»

Equinor's makes recommendation for board of directors

The nomination committee in Equinor recommends that the company's corporate assembly elects Finn Bjørn Ruyter as new member to Equinor’s board of directors ...»

Saipem's SandP Global rating revised from negative

Saipem announces that SandP Global Ratings has published a research update affirming its “BB+” rating for the long term corporate credit rating, revising the outlook to stable from negative, and for senior unsecured facilities, including a $1.116 billion (€ 1 billion) revolving credit facility and four bond issues of $558.27 (€ 500 million) each executed under its Euro EMTN Programme. ...»

White Star Petroleum, LLC explores strategic alternatives, including voluntary Chapter 11

White Star Petroleum, LLC has announced that it is exploring strategic alternatives, including the sale of its business as a going concern and the restructuring of its balance sheet in a court-supervised process. ...»

Bechtel awarded EPC contract to build Rio Grande LNG Project

Bechtel, a global project management, engineering, and construction company, has been awarded the engineering, procurement, and construction (EPC) contract by NextDecade for the first phase of the Rio Grande liquefied natural gas (LNG) project. ...»

Matrrix sells directional drilling assets, focuses on drilling rig division

Matrrix Energy Technologies Inc. is pleased to announce that it has sold all of the assets related to its directional drilling division for approximately $1.5 million cash to a private directional drilling provider. ...»

Mongolian explorer Petro Matad reports operations update

Petro Matad Limited, the AIM-quoted Mongolian oil explorer, is pleased to provide an update on preparations for the 2019 drilling campaign in Block XX and PSC extension applications for Blocks IV and V. ...»

Petrofac secures two North Sea contract extension

Petrofac’s Engineering and Production Services (EPS) business has been awarded two operations and maintenance (OandM) contract extensions for long-standing clients worth a combined value of approximately $32 million. ...»

Subsea 7 and Royal IHC launch reel-lay vessel Seven Vega

Subsea 7 and Royal IHC successfully launched the fully integrated reel-lay vessel Seven Vega. ...»

Chairman Craddick applauds legislature for prioritizing railroad commission funding

Railroad Commission Chairman Christi Craddick has thanked the 86th Texas Legislature for prioritizing the important role the Railroad Commission of Texas (RRC) plays in keeping the state's citizens and natural resources safe. ...»

ADES reports strong 2019 start, in line with expectations

ADES International Holding PLC., an oil and gas drilling and production services provider in the Middle East and North Africa (MENA), updates the market on its operational performance over first-quarter 2019 and on recent positive developments. The financial information included below is unaudited. ...»

Caspian Sunrise takes third core sample from Airshagyl, Kazakhstan

Caspian Sunrise has announced that work has commenced on a third core sample taken from Deep Well A8 on the Airshagyl structure at its flagship BNG Contract Area. ...»

Russia's new icebreakers carve path for oil and gas shipping

Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the country’s dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climate change as an emergency, Russia is working hard to capitalize on it — and the U.S. appears to be far behind. ...»

Wiking Helikopter service adds another H145 to its fleet

Wiking Helikopter Service took delivery of another H145 helicopter in offshore configuration. ...»

AFLAS FEPM fluoroelastomers enhance performance and durability in oil recovery equipment

Products made with AFLAS 600X fluoroelastomer grade from AGC Chemicals Americas last longer in the wet, high-pressure, amine- and base-rich environments of oil and gas recovery. ...»

Mohawk Energy receives sizeable investment to enhance international growth

Mohawk Energy, the expandable tubular well solutions specialist, has received a substantial investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions. ...»

Venture Global and Stonepeak make $1.3 billion investment in Calcasieu Pass LNG export facility

Venture Global LNG, Inc. and Stonepeak Infrastructure Partners jointly announce that they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global’s 10 MMtpa Calcasieu Pass LNG export facility in Cameron Parish, La. ...»

Sercel delivers five 508XT acquisition systems to ONGC in India

Sercel has announced the successful delivery of five of its state-of-the-art 508XT seismic acquisition systems to India’s national oil company, ONGC. ...»

Wood and NERA announce partnership to develop world-first prediction tool

Wood and NERA (National Energy Resources Australia) are pleased to announce a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the development of an online hydrate blockage prediction model for operating gas condensate systems. ...»

Exxon, Chevron to face climate change pressure from investors

Exxon and Chevron’s unwillingness to venture beyond their core oil and gas business will face a test Wednesday when shareholders vote on climate change proposals at the companies’ annual meetings. ...»

Texas money reaches Canada's oil patch as majors exit

Texas money is flowing to Canada’s oil sands at a time when big international companies are pulling out. ...»

World's dirtiest air needs infusion of natural gas

One of the biggest challenges facing Indian Prime Minister Narendra Modi as he begins his second term is ensuring clean air in a country that’s home to some of the most polluted cities in the world. ...»

South Australia offers Cooper-Eromanga and Otway basins acreage licensing

...»

Brent crude gets nudge as market weighs Trump comments, rig data

Brent crude rose even as President Donald Trump said the U.S. isn’t ready to make a trade deal with China, casting a shadow on prospects for oil-demand growth. ...»

Sparrows Group selects Deladi Petroleum Services as sole agent in Brunei

Sparrows Group has appointed Deladi Petroleum Services Sdn Bhd as their sole representative in Brunei. ...»

Israel agrees to U.S.-mediated maritime talks with Lebanon

Israel is willing to enter U.S.-mediated talks with Lebanon on setting a maritime border, the Energy Ministry said today. ...»

PNG leader resigns over poorly handled ExxonMobil, Total LNG deals

Papua New Guinea Prime Minister Peter O’Neill has resigned, his Australian counterpart confirmed. The Australian Broadcasting Corp. reported he will hand over leadership to Julius Chan, citing comments at a media conference in Port Moresby. ...»

World's dirtiest air needs infusion of nat. gas amidst new leadership

One of the biggest challenges facing Indian Prime Minister Narendra Modi as he begins his second term is ensuring clean air in a country that’s home to some of the most polluted cities in the world. ...»

Australia's natural gas industry faces climate test despite conservative election win

Australia’s gas industry is in a relative sweet spot. Its ideally placed to serve Chinese buyers avoiding tariff-laden U.S. LNG and the surprise re-election of its center-right government means producers face less immediate pressure to cut emissions. ...»

Analysts slash Seadrill's target price by 88%

Amid mounting recovery concerns, Seadrill Ltd. plunged to their lowest since the embattled drilling company emerged from bankruptcy less than year ago, when Carnegie Investment Bank AB recommended selling their shares and slashed the price target by 88%. ...»

BP has awarded Vroon Offshore multi-year contract

This award will see industry recognized North Sea emergency response vessels and expertise transferred to international waters. ...»

Schlumberger, Halliburton took a bit of a hit as shale patch tightens belt

Schlumberger Ltd. had its debt rating lowered by SandP Global Inc. as belt-tightening in the U.S. shale patch translates into less drilling and fracing work for the world’s top oilfield services provider. ...»

Schlumberger, Halliburton may suffer a bit of a downturn as shale patch tightens belt

Schlumberger Ltd. had its debt rating lowered by SandP Global Inc. as belt-tightening in the U.S. shale patch translates into less drilling and fracing work for the world’s top oilfield services provider. ...»

Natural gas beat coal in second biggest coal-producing state in U.S.

The U.S. has quietly passed another landmark in the transformation of U.S. energy production. ...»

Heavy oil shortage hinders U.S. refiners just as summer driving begins

A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer. ...»

Schlumberger, Halliburton suffer downturn as shale patch tightens belt

Schlumberger Ltd. had its debt rating lowered by SandP Global Inc. as belt-tightening in the U.S. shale patch translates into less drilling and fracing work for the world’s top oilfield services provider. ...»

Trudeau’s pipeline expansion gets boost from court ruling

Prime Minister Justin Trudeau's bid to complete the controversial Trans Mountain pipeline expansion has received a British Columbia top appeals court ruling that states that the province doesn’t have the jurisdiction to restrict shipments of oil-sands crude. ...»

Oceaneering’s advanced vessel christened before industry crowd

This morning, May 24, Oceaneering International conducted the official christening of its newest vessel, MSV Ocean Evolution in Galveston, Texas. ...»

Oil and Gas leaders look for cost reduction and efficiency gains

...»

Supermajors lead the way in high impact exploration

The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group. ...»

Brazil's ANP identifies opportunity to postpone oil and gas auctions in 2019

There is room to discuss postponement of at least one oil and gas auction in 2019. ...»

Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema

The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs. ...»

MOL Norge AS completes drilling of wildcat southwest of Trym field

MOL Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-11 S. ...»

Riviera Resources sells Michigan properties for $44.5 million

Riviera Resources, Inc., has signed a definitive agreement to sell its interest in properties located in Michigan to an undisclosed buyer for a contract price of $44.5 million, subject to closing adjustments. ...»

Trump sparks oil rally with Iran spat

Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation. ...»

Russia, Poland set goal to restart oil pipeline as tensions linger

Although compensation for damage caused during a contamination crisis remains a sticking point, Russia and Poland said flows of clean oil through the giant Druzhba pipeline into Europe could resume within 2 1/2 weeks. ...»

What do Billionaire Charles Koch, Sierra Club, and API have in common?

The Sierra Club, the American Petroleum Institute and billionaire Charles Koch have found at least one thing to agree on: they hate Ohio’s plan to take away renewable power subsidies and give them to coal and nuclear plants. ...»

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. ...»

Oil potential remains abundant beyond shale

How does the oil and gas industry plan its future in the ever-changing operating environment? ...»

NCA appoints director to oversee production in growing nanotech business

Nissan Chemical America Corporation has appointed Keith Pace as director, operations. ...»

Texas RRC commissioners asses an additional $300,000+ in penalties during May 2019

The Railroad Commission of Texas assessed $301,069 in fines involving 163 enforcement dockets against operators and businesses at the commissioners' conference this week. ...»

Enpro Subsea shares the adoption of ‘smart standardization’ subsea development strategies

Enpro Subsea has presented examples of where its Flow Access Module (FAM) technology has been selected by multiple international operators as part of its fast-paced subsea field development strategies. ...»

Apollo Safety announces ManDown/Lone Worker safety device launch

Apollo Safety, Inc., providers of gas detection products and services for hospitals, universities, government operations, public utilities, manufacturing, Biotech and other organizations, recently introduced the availability of enhanced Man Down/Lone Worker detection devices from Industrial Scientific. ...»

Angola poised for South African energy expansion

As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbors are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil producing market. ...»

IHS Markit and Informa to exchange business units

IHS Markit, a world leader in critical information, analytics and solutions, and Informa, the international exhibitions, events, information services and scholarly research group, has announced the exchange of the majority of the IHS Markit Technology, Media and Telecoms (TMT) intelligence business for Informa’s Agribusiness Intelligence group. ...»

Brazil wants to double gas outflow from pre-salt formation

New routes to deliver the natural gas produced in the pre-salt could require $2 billion in investments, according to the Energy Research Company (EPE). ...»

Canada’s first Tier 4 final service rig

Built by CARE Industries, Canada’s first Tier 4 final-certified service rig was recently delivered to Compass Well Servicing in Red Deer. ...»

ASI Marine grows Saab Seaeye Falcon fleet

ASI Marine, a pioneer in long tunnel excursions and international operator for inland marine work, is expanding its Saab Seaeye Falcon fleet. ...»

Ukraine announces massive licensing rounds in 2019

Ukraine has outlined terms for a series of oil and gas licensing rounds with acreage of nearly 25,000 km2. ...»

Silixa launches Carina Subsea 4D, ultra HD seismic data acquisition

Silixa announces the launch of Carina Subsea 4D, the permanent ultra HD in-well seismic data acquisition system for subsea wells. ...»

New CEO takes N-Sea helm

...»

Aquaterra Energy marks global growth with Australia office launch

Aquaterra Energy, a leader in global offshore engineering solutions, has opened its first engineering office and warehouse facility in Perth, Australia following recent regional contract wins. ...»

Sercel-GRC to host grand opening of new facility in Tulsa, Okla.

Sercel-GRC (GRC), an oil and gas service company that designs, manufactures and markets downhole tools and data acquisition surface equipment, will host a grand opening and ribbon cutting ceremony of its new Tulsa, Okla. facility on Wed., June 12. ...»

Guyana investigating offshore leases controlled by Exxon, Tullow

Guyana’s anti-corruption agency is investigating how leases were awarded in its deepwater oil region, including those controlled by Exxon and Tullow. ...»

Oilfield Helping Hands to host inaugural Rocky Mountain Fishing Tournament in North Dakota

Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, will be hosting its first Rocky Mountain Fishing Tournament on May 31- June 1, 2019 at Tobacco Gardens in Watford City, N.D. ...»

Diamondback Energy subsidiary Rattler Midstream sets IPO price

Rattler Midstream LP, a subsidiary of Diamondback Energy, Inc., and Diamondback has announced the pricing of Rattler’s initial public offering of 38,000,000 common units representing limited partner interests at $17.50 per common unit. ...»

Investor group to place $10 billion bet on East Med gas

An investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock sales stymied by the political and industrial complexities of the region. ...»

Shell starts production at Appomattox in the GOM

Shell has started at the Appomattox FPSO system months ahead of schedule, opening a new frontier in the deepwater U.S. Gulf of Mexico. ...»

Investor group places $10 Billion bet on East Med gas

An investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock sales stymied by the political and industrial complexities of the region. ...»

Italian political faction seeks to end ban on offshore exploration

Matteo Salvini’s League is seeking to overturn a temporary ban on exploration drilling off sections of Italy’s coast. ...»

U.S. fills in on oil where OPEC refuses to go

President Donald Trump has from time to time lobbed tweets toward OPEC, imploring it to open the spigots and boost supply to lower the price of oil. ...»

Oxy Low Carbon Ventures, Carbon Engineering begin engineering of the world’s largest Direct Air Capture and sequestration plant

Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental, and Carbon Engineering Ltd. (CE), a Canadian clean energy company, has announced they are jointly proceeding with the engineering and design of the world’s largest Direct Air Capture (DAC) and sequestration facility. ...»

Unique Group appoints new regional V.P. for Europe and UK

Unique Group, one of the world’s leading integrated subsea and offshore solutions providers, has appointed Matthew Gordon as the new regional V.P. for the Europe and UK region to oversee the company’s strategic expansion plans. ...»

Fishbones makes CTO appointment, six additional new hires

Fishbones, the leading provider of alternative reservoir stimulation technology, has announced it is increasing its staff base by 25% to best serve increased client demand. ...»

Norwegian production figures show decrease in condensate

...»

GEODynamics adds manufacturing, electro-mechanical V.P.'s

GEODynamics, the global technology and manufacturing leader in perforating, downhole completion, intervention, and wireline-conveyed solutions, has added two new V.P.'s to its leadership team. John Berner is the new V.P. of manufacturing and Brian Hurst is the new V.P. of electro-mechanical. ...»

NCS West Africa Limited announces Nigeria launch

The new business entity NCS West Africa Limited (NCS WA) is the Nigeria affiliate of Nautical Control Solutions, LP, (Fueltrax), and is located in Victoria Island, Lagos and Onne, Port Harcourt. ...»

Ascent Resources announces contract for purchase of mobile compressor unit in Slovenia

...»

ROVOP celebrates European success with a new office, appointment

ROVOP, the global subsea robotics specialist, has announced its expansion into mainland Europe with the appointment of Job Biersteker as business development manager in its new facility located in Rotterdam. ...»

SPE Offshore Europe 2019 has announced plenary speakers

Industry heavyweights will be joined by an internationally recognized leader on global climate change at the opening session of SPE Offshore Europe 2019 in September. ...»

Aramco enters U.S. shale gas business with Sempra LNG deal

Saudi Aramco agreed to a buy a stake in Sempra’s Texas LNG export terminal, giving them a foothold in the global gas trade. ...»

TGS and Schlumberger announce strategic collaboration in GOM

TGS and Schlumberger announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico. ...»

Equinor awards NOK700-million Johan Sverdrup contract to Kaefer Energy

Equinor awards a contract for services within insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field to Kaefer Energy AS. Awarded under an already existing framework agreement for operations the contract has an estimated value of more than NOK700 million. ...»

SKK Migas adopts Halliburton Landmark software

Landmark, a Halliburton Company business line, today announced that the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), an institution established by the government of the Republic of Indonesia, selected Landmark software technology for end-to-end workflow solutions. ...»

Rice urges EQT shareholders to vote for transformational change

Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation filed a definitive proxy statement and sent a letter to EQT shareholders outlining their comprehensive plan to transform EQT into a modern and efficient energy producer capable of driving improved shareholder returns. ...»

African Energy Chamber says U.S. firms will not be left behind as investments pick up in Angola

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector. ...»

Blackstone, Whiting, Callon consider takeover bids for QEP Resources

QEP Resources Inc. has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp. and Callon Petroleum Co., according to people familiar with the matter. ...»

Oil holds gain as OPEC signal on output cuts counters trade risk

Oil held gains on signs that OPEC and its allies will extend production cuts beyond June, while prices remained capped by worsening trade relations between the U.S. and China. ...»

Texas pipeline protesters face jail time under new proposal

Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. ...»

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). ...»

InterMoor wins mooring installation contract from COOEC

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has signed a contract with COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), to install deepwater mooring systems for the Liuhua 16-2 and Lingshui 17-2 floating production facilities in the South China Sea. ...»

Persian Gulf deemed risky for oil tankers

Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. ...»

South Africa searches for partners for South Sudan oil block

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1-billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said. ...»

Frames to supply hydraulic control systems for Merakes field tie-back

Oil and gas process equipment supplier, Frames, has been awarded a contract to supply TechnipFMC with the hydraulic control systems for subsea wells and subsea isolation valves in Eni's Merakes field tie-back to the existing Jangkrik Floating Production Unit in offshore East Kalimantan, Indonesia. ...»

Chevron now offering electric car charging at gas stations

There has been an ever so slight shift in Big oil towards the electric car business. ...»

U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds

API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico ...»

TGS and PGS announce Torngat 3D offshore East Canada

TGS and PGS announce the Torngat 3D multi-client project in Offshore East Canada. ...»

Subsea templates installed on Nova field, reports Wintershall

Wintershall Dea has installed two subsea templates on the ocean floor in Norway, marking a major milestone for the operated Nova project, and the first operational landmark for the newly merged global company. ...»

Eni awarded high potential exploration block offshore Argentina

The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. ...»

Venezuela falls to fourth-largest oil producer in Latin America

Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll. ...»

Houston American Energy announces initiation of fracing operations in Yoakum County

The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the exploration component of the San Andres Formation. ...»

Fugro supports two ocean mapping initiatives with large crowd sourced bathymetry contribution

Fugro recently contributed more than 110,000 km2 of high-resolution bathymetry data in the North Atlantic Ocean to help improve the quality and coverage of seabed mapping in the region. ...»

EMGS has proposed changes to its board

The chairman of the board of directors of Electromagnetic Geoservices ASA (EMGS, Mr. Eystein Eriksrud, has notified the company that he will not seek re-election at the end of his current service period. ...»

Vallourec launches its Open Innovation platform to create new partnerships with innovative companies

Vallourec launches its Open Innovation platform to create new partnerships with innovative companies ...»

Changing the world, one supplier at a time

The oil and gas industry can be proud of the opportunities it creates in developing countries. ...»

Globally-renowned tech futurist joins WFS Technologies team

A globally-renowned technology evangelist who focuses on emerging trends and their impact on business and wider society has joined the team at WFS Technologies, a subsea wireless automation, Internet of Things (IoT) and edge computing networks company for the energy industry including oil and gas and offshore wind. ...»

Russia open to relaxing OPEC+ cuts as Saudis urge restraint

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end. ...»

Nigeria's economic growth slows after oil sector loss

Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted. ...»

BP employees blocked from work as Greenpeace protests London HQ

BP Plc employees are working from home, as the oil giant attempts to continue normal business operations after Greenpeace put up barriers on the entrances to its London headquarters. ...»

OPEC signals intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. ...»

OPEC signlas intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. ...»

U.S. President Donald Trump likes fossil fuels but investors don't

Fossil fuel never had a better friend in the White House than Donald Trump. ...»

Texas-based fracing water provider Select Energy considering sale

Select Energy Services Inc., a provider of water to shale drillers, is in the early stages of considering a sale, according to people familiar with the matter. ...»

ExxonMobil's Gulf of Mexico sale draws interest from Repsol, Ineos

ExxonMobil Corp. has drawn interest from Repsol SA and closely held U.K. petrochemical company Ineos Group Holdings in a package of oil fields it's selling in the Gulf of Mexico, according to people familiar with the matter. ...»

Iraq says ExxonMobil evacuation of staff Is `unacceptable'

The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister. ...»

Russia's Energy Minister Novak says too soon to discuss oil-cut options

Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Sea city. ...»

How one village on the Volga sowed chaos in Europe's oil market

Residents of Nikolayevka haven’t had much to gossip about since the owner of the vodka museum over on People’s Friendship Street died, forcing the closure of the only tourist attraction in town. ...»

KBR awarded FEED contract for Oman LNG's debottlenecking project

KBR, Inc. has announced it has been awarded a front end engineering design (FEED) contract by Oman LNG L.L.C for the debottlenecking of their facility at Sur in the Sultanate of Oman. ...»

U.S. House of Representatives passes energy and water development appropriations, API responds

API released the following statement after the U.S. House of Representatives passed the Energy and Water Development Appropriations bill for fiscal year 2020, providing record funding for the U.S. Army Corps of Engineers. ...»

ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico

ExxonMobil has said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. ...»

TGS to acquire Spectrum in all stock transaction

TGS-NOPEC Geophysical Company ASA has announced that it has agreed on the principle terms for the acquisition of Spectrum ASA, creating a leading provider of 2D and 3D seismic data for $422 million (NOK 3,671 million payable in third-quarter 2019 (expected to be early August 2019). ...»

Total eyed Anadarko asset for a year before $8.8 billion-deal

Total SA had an eye on Anadarko Petroleum Corp.’s assets in Africa for over a year, Total CEO Patrick Pouyanne said. ...»

API NY responds to NESE water permit decision, essential for pipeline project

API New York released the following statement after the New York State Department of Environmental Conservation decision not to issue a water quality permit necessary to begin construction on Williams' Northeast Supply Enhancement pipeline project. ...»

Tankers sought to store abundant LNG as traders wait for better prices.

A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it wasn’t widely used until last fall, in anticipation of a surge in Chinese demand and prices. ...»

Crude oil aims for biggest weekly advance since early April, as Persian Gulf tensions grow

The global benchmark has risen more than 2% so far this week, while New York futures edged higher by 2.2%. ...»

U.S. natural gas and oil industry turns in strong April performance

The American Petroleum Institute’s latest Monthly Statistical Report (MSR) shows U.S. crude oil production sustained a record-tying 12.1 MMbopd in April 2019 while total petroleum demand was the highest for the month since 2007 at 20.2 MMbpd. ...»

LNG players weigh ship-storage gambit that backfired last winter

With so much cheap LNG around, traders are again looking at tankers to store the fuel in the hope of better prices. ...»

Saudi pipeline attack highlights risk to Middle East oil exports, as tensions rise

Saudi Arabia accused Iran of ordering this week’s attack on key oil facilities, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose. ...»

KKR and Spur Energy Partners join forces to acquire production assets across the U.S.

Spur Energy Partners LLC and KKR, global investment firm, has announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48. ...»

Colorado Petroleum Council names Lynn Granger executive director

API President and CEO Mike Sommers has named Lynn Granger executive director of the Colorado Petroleum Council. Granger joins the Colorado Petroleum Council from Colorado Concern, a leading business advocacy association in the Mountain West, where she served as COO. ...»

Fast-track offshore trial proves new cost-reducing PandA technology, an Equinor field trial

A new cost-reducing, first of its kind well abandonment tool developed by Aberdeen-headquartered Deep Casing Tools has gone from concept to offshore trial with Equinor in just nine months. ...»

i-Tech 7 appoints new business development manager

i-Tech 7, Subsea 7’s Life of Field business unit, has appointed a new regional business development manager for its Asia Pacific and Middle East region. ...»

Wellpro Group acquires Hunting Energy Services, expands in the Middle East

Wellpro Group has continued its international growth momentum with a new acquisition in the Middle East – its first dedicated operation in the region. ...»

LAGCOE announces 2019 New Technology Showcase

LAGCOE, one of the world's pioneer oil and gas expositions, announces the call for entries for the 2019 New Technology Showcase. The showcase celebrates forward-thinking innovation and technological advancements in the oil and gas industry. ...»

Twin Disc expands in Wisconsin with new facility

Twin Disc, Inc., a global leader in power transmission technology for marine and land-based applications, is near completion of an expansion project in Wisconsin. ...»

Elsevier supports the American Association of Petroleum Geologists’ 2019 Imperial Barrel Award program

Elsevier, the global information analytics business specializing in science and health, will be one of five Diamond Sponsors of the 2019 Imperial Barrel Award (IBA), an annual prospective basin evaluation competition for geoscience graduate students worldwide, jointly managed by the American Association of Petroleum Geologists (AAPG) and the AAPG Foundation. ...»

Cranium Engineering deploys C-Kore Cable Monitor Units in Africa for first time

C-Kore systems recently completed their first deployment with VAYCO Oil Tools and local Nigerian partner Cranium Engineering on an asset integrity verification operation for a major oil operator off the coast of Nigeria. ...»

Texas drilling permits and completions statistics for April 2019

The Railroad Commission of Texas (Commission) issued a total of 909 original drilling permits in April 2019 compared 1,221 in April 2018. ...»

Senate Committee votes down Canadian oil tanker moratorium

The Senate Standing Committee on Transportation has voted to defeat Bill C-48, the Oil Tanker Moratorium Act. ...»

Saipem CFO Stefano Cavacini is appointed responsible for preparing financial reporting

Saipem S.p.A. informs that the Board of Directors has appointed Stefano Cavacini as manager responsible for financial reporting, in charge of preparing the company’s financial and accounting documents, pursuant to art. 154-bis of Legislative Decree no. 58/1998. ...»

Wood's Permian teams take center stage at recent leadership visit

Thirteen Wood employees working in the US Permian shale basin were recently recognized in front of a 200-strong group of team mates by Wood’s chief executive, Robin Watson and Asset Solutions Americas CEO, Andrew Stewart. ...»

ABB extends its digital offering to make data management of electrical assets more sustainable

ABB announces a new release of ABB Ability Backup Management for electrical systems – Data Care, which is an advanced data-sharing and backup service for protection and control relays. ...»

Digital skills gap is holding back the energy sector, DNV GL report finds

A lack of digital skills and internal barriers related to company culture and mindset are the biggest roadblocks hindering digital progress in the energy sector, with 71% of organizations in the industry needing employees with combined domain and digital experience and 18% claiming to not have a single employee with this combined skillset. ...»

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq. ...»

Lukoil drills record breaking wells at D41 in the Baltic Sea

Lukoil commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on Feb. 6, 2019, the other was completed on May 7, 2019. ...»

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

When OPEC meets in Jeddah, their conversation will focus on Iran. ...»

Premier shares jump 48% as strong output drives 2019 forecast

Premier Oil rose the most in four months in London trading after increasing full-year forecasts for output and debt reduction. ...»

UAE won't be baited into Iran crisis as tensions mount

The UAE “won’t jump the gun” and accuse Iran of sabotaging ships off its coast, as rising tensions in the Persian Gulf stoke concerns the region is teetering on the brink of another war. ...»

Premier Oil soars as strong output drives 2019 forecast

Premier Oil rose the most in four months in London trading after increasing full-year forecasts for output and debt reduction. ...»

Shale boom belies oil patch pain amid Weatherford bankruptcy

Oil prices are back up again and the U.S. has become the world’s largest producer and only three years on from a slump in the market. Yet the pain continues for some companies. ...»

Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region. ...»

TGS announces the launch of its new well log prediction tool Analytics Ready LAS (ARLAS)

TGS-NOPEC Geophysical Company (TGS) today announced the release of its new well log prediction tool – Analytics Ready LAS (ARLAS). ...»

Gyrodata shares three ways Gyro Surveying tools contribute to greater operational efficiency

Commonly called gyros, gyroscopes are very cool and have special properties that make them invaluable for many things including their use in downhole oil and gas applications. ...»

Topaz Energy and Marine installs Fueltrax for advanced fuel data reporting

Topaz Energy and Marine, an offshore energy logistics company, is partnering with FUELTRAX, a real - time marine fuel management solution, on advanced fuel tracking and reporting. ...»

Xodus grows capabilities with addition of renewables advisory team

International energy consultancy Xodus Group has expanded its renewables capabilities with the addition of a dedicated advisory unit. ...»

AFRC launches first hybrid platform in Scotland

The University of Strathclyde’s Advanced Forming Research Centre (AFRC) has integrated cutting-edge laser metal deposition (LMD) technology within a CNC machine, creating a unique platform that is the first of its kind in Scotland, and one of very few across the world. ...»

John Sverdrup Phase 2 approved, according to Equinor

The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by Norwegian authorities on May 15, 2019. ...»

Camber Energy's Lineal Star Holdings has entered into an LOI to purchase an engineering and procurement firm

Camber Energy, Inc., based in Houston, Texas, has announced that Lineal Star Holdings, the acquisition target which Camber is seeking to acquire (individually, or through its subsidiaries) pursuant to its previously disclosed non-binding letter of intent, has signed a non-binding letter of intent to purchase a Houston based engineering and procurement firm. ...»

Equinor reports oil observed on the sea surface at Statfjord

In connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, oil was observed on the sea surface early this morning, May 15, 2019. ...»

Apache bets big on Permian gas liquids

A ride through the Permian basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways. ...»

Russia aiming to share Saudi output hike as OPEC+ meets

Russia will join the OPEC+ talks this weekend having fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. ...»

Latest Permian basin oil supply surge to feed global markets

Exports of the Permian basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. ...»

Rovuma LNG development plan approved by Mozambique government

Mozambique Rovuma Venture has said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1. ...»

Eni announces a new light oil discovery in Block 15/06, offshore Angola

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. ...»

DNV GL and Nanyang Technological University, Singapore support 3D printing through a four-year research agreement

Two new doctoral student (PhD) positions are being created through the Industrial Postgraduate Programme, supported by the Singapore Economic Development Board (EDB) and DNV GL. A further full time Research Fellow post is also being created at NTU’s Singapore Centre for 3D Printing. ...»

Gastech 2019 launches conference program and celebrates return to Houston after two decades

Gastech, the leading global conference and exhibition of the international gas, LNG and energy industries, launched its 2019 conference program and return to Houston with a reception at The Houston Club on May 8, 2019. ...»

Wellbore Integrity Solutions and Rhône Capital to acquire fishing and tubulars businesses and assets from Schlumberger

Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger has jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing and Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas. ...»

Simmons advises U.S. Well Services on its $325 million infusion

U.S. Well Services, Inc. has successfully raised $325 million in the form of a $75 million ABL revolving credit facility and $250 million senior secured term loan. ...»

LNG production starts up at Cameron LNG export terminal in Louisiana, reports Total

The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. ...»

CGG begins first multi-client ocean bottom node survey in Mississippi Canyon, Gulf of Mexico

CGG is pleased to announce commencement of its first multi-client ocean bottom node (OBN) survey, taking CGG’s offshore data library to the next level of excellence. ...»

OSRL enhances its service capability to SWIS subscribers with Maritech’s Sea/response software platform

Oil Spill Response Limited (OSRL), on behalf its Subsea Well Intervention Services (SWIS) members (which include BP, Chevron, ConocoPhillips, ExxonMobil, Equinor, Petrobras, Shell, and Total) is pleased to announce that it has entered into a license with Maritech Services Ltd (Maritech) for the provision of an offshore emergency response software tool: Sea/response. ...»

Probe speeds data logging, delivery capabilities with high-speed digital telemetry technology

Probe, a leading supplier of cased-hole logging and advanced monitoring technology to the global oil and gas and geothermal industries, has announced that it continues to make headway in offering its customers additional resources to dramatically increase their data logging capabilities through the adoption of its high-speed digital (HD) telemetry platform. ...»

Horizon Maritime rebrands the Horizon Arctic and establishes Norwegian operation

Horizon Maritime is pleased to announce that the intake of the former Bourbon Arctic has been finalized. Now sailing under the name Horizon Arctic, the vessel is one of the most technically versatile multi-function offshore support vessels in the world. ...»

DeepStar Selects Upwing Energy-Mitsubishi Heavy Industries partnership for conceptual engineering study of new electric submersible pump (ESP) topology

Together, Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been selected by DeepStar, a global offshore research and development consortium, to perform a feasibility and conceptual study of Upwing’s Magnetic Drive System (MDS) for Electric Submersible Pumps (ESPs). ...»

Trelleborg supplies bespoke gasket to protect museum ship in Finland

Trelleborg’s marine and infrastructure operation has supplied a specially designed Gina gasket (G110-80) to the floating dry dock which protects the renowned museum ship, Pommern, located in the Mariehamn Maritime Museum in the Åland Islands, Finland. ...»

TechX Ventures accelerates low-carbon technology solutions for oil and gas

The Oil and Gas Technology Centre (OGTC) and Deep Science Ventures (DSV) have selected two pioneering start-up companies to join industry-leading technology accelerator program, TechX Pioneers. ...»

McDermott announces first liquid from Cameron LNG Train 1

McDermott International, Inc. has announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). While production is in the initial phases, this significant project milestone is a precursor to first cargo, which is expected later this quarter. ...»

Equinor has awarded NOK 2.5 billion in North Sea contracts

Equinor has awarded drilling service contracts at a total value of about $290 million (NOK 2.5 billion), exclusive of options, to several suppliers. ...»

Equinor has awarded contracts worth $290 million

Equinor has awarded drilling service contracts at a total value of about $290 million (NOK 2.5 billion), exclusive of options, to several suppliers. ...»

McDermott awarded EPCI contract by Petrobras for Sepia Field Project

McDermott International, Inc. has announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 mi (280 km) from the Rio de Janeiro coastline in Brazil. ...»

ProSep set to deliver MAX+ ProSalt mixers to Heimdal Platform, North Sea

ProSep, an industry-leading, technology and service provider for integrated process solutions to the global energy industry, has successfully secured a contract with Aker Solutions to provide two MAX+ ProSalt mixers to Equinor’s Heimdal Gas Centre Platform in the North Sea. ...»

Unity launches first multi-functional shallow intervention system to secure major cost savings

Unity, provider of well integrity technology, services and engineering solutions, has launched the industry’s first multi-functional, near-surface intervention system following a successful commercial project for a major operator in Northwest Africa. ...»

Siccar Point Energy announces Blackrock exploration well results

Siccar Point Energy has completed drilling the Blackrock exploration well 204/5b-2 in the West of Shetland. ...»

Schlumberger selects Google Cloud as a preferred cloud provider

Schlumberger has announced that it has renewed and significantly expanded its agreement with Google Cloud to develop cloud-native EandP applications to help its customers derive actionable insights from data and harness the power of Google’s cloud infrastructure and artificial intelligence (AI) capabilities. ...»

TenarisHydril EasyDock connector assures trouble-free make-up under demanding installation conditions

TenarisHydril EasyDock connector is safe, robust, quick and easy to operate. ...»

TenarisHydril's Wedge 667 connection provides advanced runnability, performance

The TenarisHydril Wedge 667 connection was designed for HP/HT and deep well applications. ...»

Weatherford uses Chapter 11 restructuring to gain breathing room

One of the world’s largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations. ...»

Russia expediting clean-up of tainted oil pipeline

Russia is racing to return oil exports to normal after deliveries to eastern Europe were cut by a contamination crisis that shut down parts of the Druzhba pipeline. ...»

Schlumberger sells drillpipe and fishing businesses

Wellbore Integrity Solutions and Schlumberger announced that they have entered into an agreement for WIS to acquire DRILCO, Thomas Tools, and fishing and remedial services. ...»

Iran-backed drone attacks damage Saudi pumping stations

Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels. ...»

KBR selected as preferred bidder for Freeport LNG Train 4 EPC project

KBR, Inc. has announced that it has been selected by Freeport LNG Development, L.P. as the preferred bidder for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. ...»

API: Growing trade war with China could hurt U.S. LNG, consumers

API issued the following statement in response to China’s increase of the retaliatory tariffs on $60 billion worth of U.S. products, including U.S. LNG: ...»

Cubility and Argentina-based firm partner to distribute MudCube

Cubility AS, a leading provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has announced an exclusive partnership with Argentinian solids control specialists Polyar SA to market, sell and support its MudCube solution across Argentina. ...»

Equinor's Trestakk ready for start-up, according to NPD

The Norwegian Petroleum Directorate has granted consent for start-up of the Trestakk field in the Norwegian Sea. Operator Equinor plans start-up during the month of May 2019. ...»

Details and analysis: Weatherford uses Chapter 11 restructuring to gain breathing room

One of the world’s largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations. ...»

Cubility and Argentina-based firm partner to distribut MudCube

Cubility AS, a leading provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has announced an exclusive partnership with Argentinian solids control specialists Polyar SA to market, sell and support its MudCube solution across Argentina. ...»

Rovco awarded suite of HSEQ certifications

Subsea service specialist Rovco has been awarded the full suite of health, safety and environmental management system standards by DNV – only two and a half years after they launched. ...»

Aqualis Offshore and Braemar Technical Services to join forces

Aqualis ASA, the parent of marine and offshore engineering consultancy Aqualis Offshore, today entered into an agreement to acquire the offshore, adjusting and marine business lines from Braemar Shipping Services Plc. ...»

Pemex gets record $8 billion loan in bid to reassure investors

Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. ...»

Dropsafe partners with Pacific Automation to tackle Australian dropped object risks

Dropsafe, the global provider of dropped object prevention technology, has announced a new exclusive distributor partnership with Pacific Automation, the Australia-based distributor of industrial equipment to the oil and gas (OandG) industry. ...»

Equinor increases share in deepwater Gulf of Mexico from Shell

Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash. ...»

Houston ship channel reopens after crash polluted air and water

The Houston Ship Channel reopened to traffic on Sunday after a vessel collision dumped almost 400,000 gal of a gasoline ingredient. ...»

Oxy forms MandA team from a position of strength

Occidental Petroleum Corp.’s Vicki Hollub defended her $38 billion pursuit of Anadarko Petroleum Corp. as she and eight other company directors survived a shareholder vote that had turned into a proxy referendum on the deal. ...»

As Anadarko ignites Permian MandA, energy deals ice over in Canada

While the $38 billion takeover of Anadarko could cause a wave of U.S. consolidation, the market for energy deals north of the border remains frigid. ...»

Saudi Arabia claims oil tankers attacked as Iran tensions rise

Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. ...»

Houston Ship Channel still not safe for passage to GOM after oil spill

The U.S. Coast Guard said on Saturday it’s too early to estimate when the Houston Ship Channel can reopen after a collision that spilled about 9,000 barrels of a gasoline ingredient into the water. ...»

Oxy CEO forms MandA dream team from a position of strength

Occidental Petroleum Corp.’s Vicki Hollub defended her $38 billion pursuit of Anadarko Petroleum Corp. as she and eight other company directors survived a shareholder vote that had turned into a proxy referendum on the deal. ...»

Oil remains a key driver of Angola’s economy, capital spending

In an exclusive video statement provided to Africa Oil and Power, Angola President H.E. João Manuel Gonçalves Lourenço reaffirmed the role of oil and gas as a key driver in attracting domestic and foreign private investment into Angola. ...»

Permian drillers pull back amid U.S.-China trade spat

Crude explorers deployed fewer rigs in U.S. fields this week amid an escalating U.S.-China trade war that weighed on oil prices. ...»

Subsea technologies to be explored in Brazil

Industry body Subsea UK is inviting UK organizations to participate in the ‘UK and Brazil: Partners in Energy’ trade mission, which takes place in June. ...»

SBM Offshore awarded contracts for Exxon's Liza Unity FPSO in Guyana

SBM Offshore has announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana. ...»

TechnipFMC awarded subsea contract for BP GOM project

TechnipFMC has been awarded an integrated engineering, procurement, construction and installation contract by BP for the Thunder Horse South Expansion 2 Project in the GOM. ...»

Oil gyrates below $62 as trade war counters straining supplies

Oil fluctuated near its lowest point since early April, as trade-war escalation raised fears about the economy even as a shutdown of a key North Sea platform added to supply disruptions. ...»

Occidental preparing to sell Anadarko’s assets

Occidental is ready to sell Anadarko Petroleum’s planes in a bid to show it is serious about cost cuts. ...»

Occidental shares plunge to 10-year low after Anadarko win

Occidental Petroleum will hear directly from investors one day after clinching victory in the battle for Anadarko Petroleum and seeing its shares touch a new 10-year low. ...»

OTC: Global perspective and technological innovation define 2019 event

Offshore energy professionals from around the world attended OTC at NRG Park to gain insights from global experts and colleagues. ...»

Middle East oil grab hits fever pitch as supply squeeze persists

Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports. ...»

OTC: Argentina has much to offer, both unconventionally and offshore

Expertise in unconventionals is growing by leaps and bounds in Argentina, and operators are also taking a hard look at the country’s offshore potential. ...»

OTC: BHGE Subsea Connect is a new vision to come to market

During OTC 2019, Baker Hughes, a GE company’s Oilfield Equipment Business Leaders Brian Cothran, global commercial leader for OFS, based in Houston, and John Kerr, V.P. engineering and technology, based in Bristol, held a press conference to discuss the status of its Subsea Connect technology at the six-month mark. ...»

Sonangol boss fired by Angola's president as fuel runs dry

Angolan President Joao Lourenco fired Sonangol EP Chairman Carlos Saturnino as he revamps the company amid persistent fuel shortages in the southern African nation. ...»

KBR wins additional work on phase 1 of BP’s Greater Tortue Ahmeyim project

KBR, Inc. has announced that BP has awarded KBR’s UK operating subsidiary the engineering, procurement and construction management (EPCM) contract to provide facilities integration and terminal quarters and utilities (QU) management for the hub/terminal of BP’s Greater Tortue Ahmeyim Project, located at the maritime border of Senegal and Mauritania. ...»

RRC commissioners assess greater than $300,000 in penalties during May proceedings

The Railroad Commission of Texas assessed $302,152 in fines involving 152 enforcement dockets against operators and businesses at the Commissioners’ conference this week. ...»

BSEE employs data analysis to manage risk, make operations safer

The Bureau of Safety and Environmental Enforcement (BSEE) has released a report highlighting first-year results of the Risk-Based Inspection (RBI) Program. ...»

Saipem reports accident on a vessel operating in the Caspian Sea

Saipem reports accident on a vessel operating in the Caspian Sea ...»

DNV GL’s Deep Search technology enables secure, fast and efficient processing of company knowledge and data

Designed to dramatically cut the time and effort required to find information, DNV GL’s Veracity Deep Search distills vast amounts of data at speed. ...»

Eni announces Akoma discovery in CTP-Block 4, offshore Ghana

Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana. ...»

Sonangol boss fired by Angola's president as as fuel runs dry

Angolan President Joao Lourenco fired Sonangol EP Chairman Carlos Saturnino as he revamps the company amid persistent fuel shortages in the southern African nation. ...»

Chevron's $1 billion could be used to buy one of these companies, instead of Anadarko

Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet. ...»

Occidental directors to contend with investors after winning Anadarko bid

Occidental Petroleum Corp. CEO Vicki Hollub persuaded the world’s fourth-richest person and one of Europe’s biggest oil explorers to help back her $38 billion bid for Anadarko Petroleum Corp. Convincing shareholders may be a whole lot harder. ...»

Wild Well Control offers online introduction to drilling operations course

Wild Well Control, a Superior Energy Services company and the global leader in well control, engineering and training services, has launched a new online well control e-learning course, Introduction to Drilling Operations. ...»

Worley partners with OGTC on dry gas liquid removal technology

Worley’s INTECSEA consultancy has partnered with the Oil and Gas Technology Centre (OGTC) to fund prototype testing of its Pseudo Dry Gas (PDG) liquid removal system. ...»

Oceaneering equips its latest generation subsea vehicles with Sonardyne navigation technology

Oceaneering International Inc. has ordered hybrid navigation systems from underwater technology specialist Sonardyne Inc. for its subsea resident vehicles Freedom and E-ROV. ...»

McDermott awarded sizeable offshore contract by ADNOC

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project. ...»

GRC announces sale of the 1000th Spy Pro ESP gauge

Sercel-GRC (GRC), an oil and gas service company that designs, manufactures and markets downhole data acquisition instruments and surface equipment, has announced the sale of the 1000th Spy Pro gauge for downhole ESP systems. ...»

Worley’s INTECSEA partners with Oil and Gas Technology Centre on innovative Pseudo Dry Gas Liquid Removal technology

Worley’s INTECSEA consultancy has partnered with the Oil and Gas Technology Centre (OGTC) to fund prototype testing of its Pseudo Dry Gas (PDG) liquid removal system. ...»

Korean Prime Minister visits 2019 Offshore Technology Conference

Korean Prime Minister Nak-yon Lee attended the 2019 Offshore Technology Conference (OTC) at NRG Park on Wednesday, 8 May, further emphasizing the global reach of the offshore energy industry. ...»

Iranian crude shipments slump as U.S. oil sanctions bite deeper

Iran’s oil shipments tumbled this month after the U.S. ended sanctions waivers that allowed eight governments to buy from the Persian Gulf country. ...»

Chevron walks away from $33 billion deal to buy Anadarko

Chevron is abandoning its $33 billion offer for Anadarko, after a month-long bidding war in which Occidental prevailed over a rival five times its size. ...»

Anadarko to seek Chevron bid at least matching rival

Anadarko is looking for a revised takeover offer from Chevron that matches or exceeds the $38 billion proposal from Occidental. ...»

OTC: DOE continues to address technology and market challenges

The DOE's offshore research and technology solutions continue to support President Trump’s goals for energy dominance and the America-First Offshore Energy Strategy. ...»

Chevron, Oxy, Anadarko and meaning of "winning"

If there’s one thing Chevron Corp. CEO Mike Wirth ought to do this week, it’s keep his story straight – even if that means letting Occidental Petroleum Corp. take Anadarko Petroleum Corp., by dint of changing its own story out of all recognition. ...»

Saudis willing to meet all orders from ex-Iran oil buyers

If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway. ...»

ExxonMobil to invest up to $100 million on lower-emissions RandD with U.S. national labs

ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory. ...»

The future is in the north, according to the Norwegian Petroleum Directorate

Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. ...»

BP approves Thunder Horse South expansion Phase 2

BP approves Thunder Horse South expansion Phase 2 ...»

Craig International signs new BP contract in UKCS

Craig International has reinforced its position as a global market-leader in oil and gas procurement after reporting its best ever year in the U.S. and securing a contract with BP in the UK. ...»

Sphera acquires chemical data management software company SiteHawk

Sphera, the largest global provider of Integrated Risk Management software and information services with a focus on Environmental Health and Safety, Operational Risk and Product Stewardship, announces the acquisition of SiteHawk, a leading software and services provider for Safety Data Sheets (SDS) and chemical data management solutions. ...»

Data Gumbo secures $6 million in Series A funding from venture arms of leading international oil and gas companies

Data Gumbo Corp., a Houston-based technology company that has developed a Blockchain-as-a-Service (BaaS) platform to streamline smart contracts management for industrial customers, has announced the completion of a $6 million Series A equity funding round co-led by Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. ...»

Enpro Subsea announces ambitious global growth plans

ABERDEEN -- Global production optimization specialist Enpro Subsea has announced plans to embark on its most ambitious growth campaign, doubling global sales by 2021. ...»

DNV GL is making wind powered water injection a commercial reality

DNV GL is urging offshore oil and gas operators to implement a new solution using floating wind turbines to power water injection for oil recovery. ...»