Shale fight makes OPEC accept lowest market share since 1991

For almost three decades, OPEC has always pumped at least 30% of the world’s crude oil, creating an informal floor for Saudi Arabia and its allies in the cartel. ...»

U.S. oil output tops 12 MMbpd for the first time

U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. ...»

Russia, Saudi Arabia agree to maintain oil cuts for as long as nine months

Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020. ...»

GulfSlope Energy launches shallow prospect program in the Gulf of Mexico

GulfSlope has announced the execution of a letter of intent with a privately held oil and gas company to form a joint venture to generate and drill shallow depth prospects in the Gulf of Mexico. ...»

Siccar Point Energy completes Lyon exploration well

Operator Siccar Point Energy has completed an exploration well 208/02-1 on the Lyon Prospect in License P1854 in the West of Shetland. ...»

Maersk Drilling secures contracts for Maersk Valiant in Mexico

Maersk Drilling has secured contracts for a two-well project for the drillship Maersk Valiant with Repsol Exploración Mexico, S.A. de C.V. for work in Block 10 and 29 offshore Mexico in the Gulf of Mexico. ...»

Five years after crude’s collapse, shale patch still struggles

It’s been five years since crude hit a low of $26/bbl. While prices have recovered some of the lost ground, shale producers are still feeling the pain. ...»

OPEC keen to extend cut, Russia is cautious

For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition. ...»

API Ohio: New Sub HB 6 disappointing, Senate should reconsider new energy policy

API Ohio released a statement on the Senate Energy and Public Utility Committee’s new Substitute House Bill 6 (Sub HB 6). ...»

Devon Energy completes sale of Canadian business

Devon Energy Corp. has announced that it has completed the sale of its Canadian business to Canadian Natural Resources Limited for $2.8 billion. ...»

Brimmond Group, Rigrun Europe host first Offshore Asset Demo Day

Brimmond Group and Rigrun Europe greeted over 125 oil and gas professionals and suppliers to their Kintore facilities on Thursday, June 27. The Offshore Asset Demo Day is a vital element of the company's strategy to showcase to the offshore sector the breadth of products and services offered by both companies. ...»

WandT Offshore acquires producing properties in the Gulf of Mexico

WandT Offshore, Inc. has announced that it has entered into a purchase and sale agreement with ExxonMobil Corporation to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (GOM), offshore Alabama, and related onshore processing facilities for $200 million. ...»

Well-Safe Solutions invests in new Aberdeen headquarters

Well-Safe Solutions today announced it will be moving headquarters, following a landmark contract win and acquisition of its first asset. ...»

Aker BP misses the mark north of Gina Krog

Aker BP ASA, operator of production license 777, has completed the drilling of wildcat well 15/6-16 S. The well was drilled about 10 km north of Gina Krog field and 220 km west of Stavanger in the central part of the North Sea. ...»

Premier Oil reports significant resource upgrade at Zama

Premier has announced that it has significantly increased its resource estimate of Zama field offshore Mexico, following its evaluation of the data acquired from the highly successful Talos Energy-operated Block 7 Zama appraisal campaign. ...»

AADE Lafayette Chapter announces 2019-2020 board, committee members

The Lafayette Chapter of the American Association of Drilling Engineers (AADE) has announced its 2019-2020 board and committee members. ...»

Emerald Bay Energy reports initial oil production from South Texas' Kuhn 3

Emerald Bay Energy Inc. has reported on the initial oil production from the Kuhn 3 well. During the first 24 hr, Kuhn 3 produced approximately 120 bbl of oil. ...»

Chinese energy companies push to acquire assets in Equatorial Guinea

Equatorial Guinea Ronda has received great interest from public and private Chinese companies to invest in Equatorial Guinea and explore opportunities in oil and gas and minerals at the upcoming EG Ronda Licensing Round meetings in Beijing organized by the African Energy Chamber. ...»

Katalyst Data Management opens new Digital Transformation Center in Houston

Katalyst Data Management announced today that it has opened a second Digital Transformation Center (DTC2) in the Houston area. ...»

Russia’s Transneft reaches first deal on dirty oil compensation

Russia’s crude-pipeline operator has agreed to pay its Kazakh counterpart a fixed per-bbl compensation rate of $15 for contaminated oil. ...»

OPEC+ grapples oil risks from trade war to Middle East conflict

OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to prop up prices. ...»

Talos Energy completes Zama appraisal program

Talos Energy Inc. today provided an update on the Zama appraisal program in Block 7, located in the offshore portion of Mexico's prolific Sureste basin. ...»

Lukoil says its making headway in the Caspian Sea

Lukoil is successfully evolving its priority projects in the north of the Caspian Sea. The company continues to construct facilities at Vladimir Filanovsky, Yury Korchagin and Rakushechnoye fields. ...»

Oceaneering launches digital asset inspection system

Oceaneering International, Inc., has launched the Inform Inspect digital asset inspection system, which aims to streamline non-destructive testing (NDT) and inspection management. ...»

Equinor awards sand screen services contracts worth NOK 1 billion

Equinor has signed three-year contracts with Tendeka AS and Baker Hughes Norge AS for providing sand screen services at a total value of around NOK 1 billion, including options for five two-year extensions. ...»

Capricorn Norge AS granted drilling permit northeast of Norne

The Norwegian Petroleum Directorate has granted Capricorn Norge AS a drilling permit for well 6608/11-9 cf. Section 15 of the Resource Management Regulations. ...»

Equinor, OMV to cooperate on Wisting development, Hades/Iris discovery

Equinor and OMV have signed two memorandums of understanding (MoU) to cooperate on both the Wisting development in the Barents Sea and the concept development for the Hades/Iris discovery in the Norwegian Sea. ...»

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

SDX Energy plc, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul-7 development well in the West Gharib Concession in Egypt. ...»

Africa Oil, JV partners sign on for first-ever oil development in Kenya

Africa Oil Corp. has announced that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil fields in the South Lokichar basin. ...»

South Africa working on new oil, gas policy to enable growth

South Africa is working on a policy to govern the development of oil and gas resources after calls by potential investors to shield the industry from a long-running debate over laws that apply to mining exploration. ...»

UAE splits with U.S. over blame for May oil tanker attack

The United Arab Emirates appeared to distance itself from U.S. claims that pinned attacks on oil tankers near the Strait of Hormuz on Iran. ...»

Thrifty drillers go electric as low natural gas prices spur fuel switch

Thrifty drillers have found a new use for the glut of natural gas that’s sent prices for the fuel below zero in America’s biggest shale patch: Use it to power fracing operations. ...»

OPEC member fans out to Australia, Canada in global gas push

Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel. ...»

RRC commissioners assess nearly $1 million in penalties

The Railroad Commission of Texas assessed $939,780 in fines involving 288 enforcement dockets against operators and businesses at the Commissioners' conference this week. ...»

Shearwater GeoServices awarded 4D surveys at Total’s Tyra, Roar fields in Denmark

Shearwater GeoServices Holding AS has announced the award of a 4D seismic survey by Total EandP Denmark A/S to be conducted this summer. ...»

Infrastructure Networks, Machfu partner to deliver data solutions to the oil field

Infrastructure Networks, Inc. and Machfu have announced that they have entered into a strategic partnership to help oil and gas companies improve the performance of their existing assets by easily connecting them to new cloud solutions. ...»

Why oil's outlook could be even bleaker than expected

As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. ...»

Putin to meet with Saudi Prince just days before OPEC+ gathers

Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts. ...»

Crowcon releases HMI to provide complete gas and hazard visibility solution

Crowcon has developed an HMI solution that creates complete system visibility. ...»

LLOG reports start of production at Buckskin Project, in deepwater GOM

LLOG Exploration Company, LLC has announced that it has initiated production from the Buckskin Project in the deepwater Gulf of Mexico. ...»

BLOC-X launches first independent e-trading software for OTC oil block futures markets

BLOC-X has announced the launch of its electronic trading software for over-the-counter (OTC) oil block futures transactions. ...»

LLOG reports start of production at Buckskin Project, in the deepwater GOM

LLOG Exploration Company, LLC has announced that it has initiated production from the Buckskin Project in the deepwater Gulf of Mexico. ...»

Energean, INGL agree to the transfer of near shore and onshore infrastructure

Energean Oil and Gas plc has announced that it has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the transfer of title (the hand over) of the near shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin FPSO into the Israeli national gas transmission grid. ...»

Emerald Bay Energy Kuhn 3 well resumes production in South Texas

Emerald Bay Energy Inc. has announced that operations to enhance oil recovery from the Kuhn 3 well are complete, and the well is now back on production. ...»

Saudi Aramco says it can keep oil flowing if Hormuz hit

Aramco has the experience and infrastructure it needs to keep crude flowing if supply through Hormuz is disrupted. ...»

Vaca Muerta finally produces oil, a century after its discovery

BUENOS AIRES (Bloomberg) --Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta. ...»

Dirty water holds biggest promise, Jefferies says

For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC. ...»

BHGE, C3.ai announce JV to deliver AI solutions across the oil and gas industry

Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry. ...»

Enpro Subsea, DASS Can-K Pumps partner to provide subsea multi-phase pumping solutions

Enpro Subsea and DASS Can-K Pumps Inc. today announced a Memorandum of Understanding (MoU), which will leverage each company’s expertise to deliver multi-phase pumping solutions for topside and subsea well boosting. ...»

TGS, PGS partner with Bain Geophysical to create crustal study offshore East Canada

Building on their decade-long partnership for Eastern Canada seismic/gravity surveys, TGS and PGS have announced a partnership with Bain Geophysical Services to create a new regional study of the crust offshore Newfoundland and Labrador. ...»

McDermott wins large EPCI contract for Saudi Aramco's Marjan and Zuluf fields

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

Lonestar announces positive production results at Horned Frog

Lonestar Resources US Inc. announced additional well results in its Horned Frog area located in La Salle County, Texas. ...»

Wood continues growth in Norway with two new Equinor contracts

Wood has secured two new contracts from Equinor for onshore and offshore facilities in Norway. ...»

ADES International awarded contracts in Egypt, Algeria

ADES International Holding Plc, a leading oil and gas drilling and production services provider in the Middle East and North Africa (MENA) through its subsidiaries, has announced that it has been awarded a new two-year contract for its ADMARINE IV offshore jackup rig in Egypt. ...»

Oil climbs to a three-week high as U.S.-Iran tensions simmer

Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member. ...»

Exxon Mobil ready for Norwegian exit

Speaking after reports that ExxonMobil is preparing to put its Norwegian upstream portfolio up for sale, Neivan Boroujerdi, Wood Mackenzie, said “The move doesn’t come as a surprise. ...»

Trump warns of more Iran sanctions with fewer targets remaining

President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. ...»

A U.S.-Iran conflict could impact gas markets much more than oil

A potential conflict between the U.S. and Iran could be far more disruptive for liquefied natural gas markets than to the world’s crude shipments. ...»

Oil gains as new sanctions set to ratchet up pressure on Iran

Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. ...»

Inpex submits revised POD for Indonesia's Abadi LNG project

Inpex Corp. has announced that through its subsidiary Inpex Masela, Ltd, it has submitted to Indonesian government authorities (the authorities) a revised Plan of Development (POD) for the Abadi LNG Project. ...»

BHGE opens subsea Centre of Excellence in Montrose, Scotland

Baker Hughes, a GE company (BHGE) opened its transformed Centre of Excellence (CoE) facility at an inauguration ceremony with Minister for Energy, Paul Wheelhouse, customers and employees. ...»

Maersk Drilling completes sale of jackup Mærsk Giant

Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Mærsk Giant) to the LOTOS Petrobaltic Group. ...»

Gazprom Neft confirms commercial outlook for Chona project

Gazprom Neft subsidiary Gazpromneft-GEO has drilled a second horizontal well at Ignyalinskoye field in the Irkutsk Oblast. Commercial inflow is more than double the flowrate at the first well, constructed last year. ...»

New OBM well treatments increase production, water injectivity offshore Middle East

Cleansorb has announced that, following a series of successful ORCA for OBM treatments on offshore oil production wells and a water injection well drilled with OBM, increased production and water injectivity have been achieved on behalf of a major operator in the Middle East. ...»

Aqualis completes acquisition of Braemar Technical Services

Aqualis ASA, the parent of marine and offshore engineering consultancy Aqualis Offshore, has today successfully fulfilled all conditions related to its agreement to acquire the offshore, adjusting and marine consultancy business from Braemar Shipping Services Plc. ...»

Scientists dissolve crude oil in water to study its composition

Researchers from MIPT, Skoltech, the Joint Institute for High Temperatures of the Russian Academy of Sciences, and Lomonosov Moscow State University have offered a new approach to oil composition analysis. ...»

Emerald Bay Energy provides update on operations at Texas' Isabella #2 well

Emerald Bay Energy Inc. has reported on operations at the Isabella #2 well in Gonzales County, Texas. Hydraulic fracturing of the Navarro formation has been completed, and the well has been swabbed for a total of 28 days to recover the frac fluids and measure in-flow rates. ...»

Shipping rates for Middle East oil are surging

Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region. ...»

Large Exxon shareholder starts divesting over climate change

A major Exxon Mobil shareholder has divested funds from the company and will ask its clients if it can withdraw more money, saying the producer isn’t adequately addressing climate change. ...»

Petrofac, MFDevCo join forces to maximize recovery

Petrofac has entered into a collaboration agreement with Marginal Field Development Company (MFDevCo) for the pursuit of opportunities in the recovery of stranded gas resources. ...»

Russia squeezing embattled Venezuela for tax-free gas expansion

Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe. ...»

Oil jumps by most this year as Trump warns Iran following drone attack

Oil jumped the most this year after Iran shot down a U.S. drone and Donald Trump warned the Persian Gulf nation it made “a very big mistake,” stoking tensions in the epicenter of global crude production. ...»

TGS, PGS announce Jeanne d’Arc HD3D project offshore Newfoundland

TGS and PGS announce the Jeanne d’Arc High Density 3D (HD3D) multi-client project offshore Newfoundland, East Canada. ...»

Aker BP successfully carries out North Sea decommissioning using cutting edge technology

Aker BP selected Optime Subsea as a provider of well access system and -services on the Norwegian Continental Shelf (NCS). ...»

Capricorn Norge AS granted drilling permit for exploration well southeast of Norne

The Norwegian Petroleum Directorate has granted Capricorn Norge AS a drilling permit for well 6508/1-3 cf. Section 15 of the Resource Management Regulations. ...»

Aker BP granted drilling permit for exploration well northeast of Norne

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 6608/6-1 cf. Section 15 of the Resource Management Regulations. ...»

Unity develops new PandA technology, enabling safe pressure testing of suspended mudline wells

A pioneering new method of pressure testing suspended mudline wells from a vessel, prior to PandA activity, developed by Unity, is set to deliver improved safety and cost savings following a successful project for Spirit Energy. ...»

NPD announces delineation of Edvard Grieg field in the central North Sea

Lundin Norway AS, operator of production licence 338, has completed the drilling of exploration wells 16/1-31 S and 16/1-31 A. ...»

NPD releases production figures for May 2019

Preliminary production figures for May 2019 show an average daily production of 1,599,000 bbl of oil, NGL and condensate, which is a decrease of 120,000 bpd compared to April. ...»

Phillips 66 seeks Texas export terminal as U.S. oil production grows

Phillips 66 want to build an offshore export terminal in the GOM to capitalize on booming U.S. crude production. ...»

Oil surges after Iran downs U.S. drone and Fed signals rate cut

Oil rose after Iran shot down a U.S. spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week. ...»

ExxonMobil looks at encouraging upstream future in Newfoundland and Labrador

As the annual meeting of the Newfoundland and Labrador Oil and Gas Industries Association (Noia) proceeded through its first sessions on Tuesday, attendees heard encouraging words about future activity in the province from several operators. ...»

Chisholm, Gastar combine to create the leading STACK EandP company

Chisholm Oil and Gas, LLC, of Tulsa, Okla., and Gastar Exploration LLC of Houston, Texas. have announced that they have entered into definitive agreements to effect a merger between the two companies. ...»

Chisholm, Gastar announce strategic combination to create the leading STACK EandP company

Chisholm Oil and Gas, LLC, of Tulsa, Okla., and Gastar Exploration LLC of Houston, Texas. have announced that they have entered into definitive agreements to effect a merger between the two companies. ...»

Oil slips below $54 as trade fears outweigh U.S. demand

Oil slipped below $54/bbl after a short-lived spike as anxieties about global trade and a supply glut overshadowed record gasoline consumption in the U.S. ...»

Cyprus ghost town becomes pawn in drilling dispute with Turkey

A ghost town in Cyprus’s Turkish-controlled north has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore. ...»

Foothills Exploration provides update on 7,000-acre acquisition in Montana

Foothills Exploration, Inc., an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies today provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana. ...»

Equinor granted drilling permit for well southwest of Marulk field

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6507/2-5 S cf. Section 15 of the Resource Management Regulations. ...»

Exceed adds to its portfolio with MPR acquisition

Exceed, a well management and performance improvement specialist, has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to the Exceed portfolio. ...»

Equinor, partners fully align interests in Carcará oil discovery in Brazil

Equinor and Barra Energia have completed their transaction announced on July 4, 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total consideration of $379 million. ...»

Anadarko announces FID on Area 1 Mozambique LNG project

Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1, today announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project. ...»

China is buying Iranian LPG despite sanctions, ship-tracking shows

After being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick. ...»

Trudeau approves Trans Mountain pipeline expansion

Prime Minister Justin Trudeau’s government decided Tuesday to proceed with the construction of a major crude oil pipeline, saying the project has met strict requirements on safety and consultation with Canadian indigenous groups. ...»

CandJ Energy Services, Keane Group to combine in merger of equals

CandJ Energy Services and Keane Group, Inc. has announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. ...»

Texas Railroad Commission unanimously elects chairman

At an open meeting of the Railroad Commission of Texas, Commissioner Wayne Christian was unanimously elected chairman. ...»

ConocoPhillips to acquire Nuna discovery acreage in Alaska

ConocoPhillips Alaska (COPA) has announced that it has entered into an agreement with Caelus Natural Resources Alaska, LLC to acquire 100% of the Nuna discovery, located just east of the Colville River and approximately 5 mi southwest of Oooguruk field. ...»

EDGE begins on-wellsite LNG production

Edge Gathering Virtual Pipelines 2 LLC has begun well-site LNG production operations in the United States in order to provide the Mid-Atlantic and New England marketplaces with a new source of high-quality and low-cost LNG. ...»

Hurricane Energy reports first lifting, oil sales from Lancaster EPS

Hurricane Energy plc has provided an operational update in relation to the Early Production System development of Lancaster field. ...»

Rosneft project in the Solimões basin gets priority status

The government of the Brazilian state of Amazonas assigned the priority status to Rosneft’s project in the Solimões basin. ...»

OPEC+ proposes mid-July meeting to settle dispute over dates

OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date. ...»

Emerson releases new formation evaluation software

Emerson has announced the release of Geolog 19, the latest version of its formation evaluation software suite. ...»

SM Energy raises production guidance, provides new well results

SM Energy Company has announced that second-quarter 2019 production is exceeding expectations and the Company is raising guidance for second quarter and full year production volumes by 0.4 MMboe, at the mid-point, due to better than expected well performance and completion timing. ...»

Defense, subsea sectors join forces to unlock UK competitiveness

A first of its kind collaboration between defense and oil and gas will lead to the development of advanced underwater technology to solve challenges across both sectors. ...»

CGG awarded contract for world’s largest OBN seismic project

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract by the Abu Dhabi National Oil Company (ADNOC). ...»

Trudeau poised to advance pipeline to quell oil industry furor

Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry. ...»

NOIA CEO addresses National Press Gallery regarding Bill C-69

Today in Ottawa, Noia CEO Charlene Johnson addressed the National Press Gallery regarding Bill C-69. ...»

Trudeau poised to advance pipeline to quell oil industry furor

Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry. ...»

CAPP: Trans Mountain Expansion Project must be approved, start construction immediately

The Canadian Association of Petroleum Producers (CAPP) issued a statement on the Trans Mountain Expansion Project (TMEP) today in advance of the Government of Canada’s expected announcement on June 18. ...»

Petrobrás makes biggest gas discovery in the Sergipe basin since 2006

Petrobras has made its biggest discovery in the Sergipe since the pre-salt in 2006. Of six fields, it expects to extract 20 MMcmd of natural gas, equivalent to a third of the total Brazilian production. ...»

ONGC moves 35 drilling rigs ahead of Indian monsoon season

India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season. ...»

DeltaTek completes cementing services at Total's Ballindalloch field

Well construction specialist, DeltaTek Global, has announced the successful completion of its first SeaCure deployment for Total EandP UK. ...»

Aker BP granted drilling permit for wildcat east of Frigg field

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/2-20, cf. Section 15 of the Resource Management Regulations. ...»

Equinor discovers oil and gas from exploration well Snadd Outer Outer/Black Vulture

Equinor, alongside partners Ineos EandP and Faroe Petroleum, has made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production license 159B, in the Norwegian Sea. ...»

Equinor completes drilling of wildcat southeast of Korpfjell discovery

Equinor Energy AS, operator of production license 859, has completed the drilling of wildcat well 7335/3-1. ...»

Oil short-selling surges as global demand outlook deteriorates

Oil skeptics are gaining ground fast as the outlook for global demand worsens. Hedge funds boosted their bets that West Texas Intermediate crude will fall by 46%, the most since August. ...»

Canadian industry and indigenous groups support original amendments to Bill C-69

On Monday, June 17, members of the Save Canadian Jobs Coalition will hold a joint press conference to call on Members of Parliament to support the Senate’s original amendments to Bill C-69. ...»

Pompeo vows that U.S. will protect shipping in Persian Gulf

There’s “no doubt” Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week, and the U.S. will guarantee safe commercial navigation going forward with its partners, Secretary of State Michael Pompeo said. ...»

Inpex agrees on framework for $20-billion Indonesian LNG project

Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20-billion Abadi liquefied natural gas project, a key step toward reaching final investment for one of the world’s biggest export ventures. ...»

Maersk Drilling awarded 100-day extension for Mærsk Innovator

Maersk Drilling has announced that CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited, has exercised a one-well option for the Mærsk Innovator jackup rig to continue drilling infill wells at the Buzzard field on the UK Continental Shelf. ...»

Aker BP reports safe removal of Valhall QP topside

The original accommodation platform at Valhall (QP) in the southern part of the North Sea has been safely removed by the giant vessel Pioneering Spirit. ...»

Oil supply to swamp demand, squeeze OPEC in 2020, IEA says (1)

Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said. ...»

Parsley Energy says it is "attractive" for any buyer

Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year. ...»

Energean bids for EDF oil and gas assets

Energean Oil and Gas Plc, the Greek energy producer that sold shares in London last year, is bidding for the oil and gas business of Electricite de France SA’s Italian unit, people familiar with the matter said. ...»

Houston American Energy begins producing from Frost 1-H well in Yoakum County

Houston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin, in Yoakum County, Texas. ...»

Aker Solutions appoints new CFO

Ole Martin Grimsrud has been appointed chief financial officer of Aker Solutions, effective Aug. 1, 2019. ...»

Schulich buys 5% of MEG Energy despite Canadian energy concerns

Canadian investor Seymour Schulich bought 5% of MEG Energy for the first time “in the last couple of weeks,” underscoring his bullish view on energy. ...»

Persian Gulf on edge as conflicting accounts of tanker attacks swirl

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions. ...»

Oil supply to swamp demand, squeeze OPEC in 2020, IEA says

Global oil supplies will increase more than demand next year putting further pressure on OPEC, the IEA said. ...»

U.S. blames Iran for oil tanker attacks as Gulf tensions climb

The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf, escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents. ...»

Emotions remain high in Alberta’s oil and gas sector

It’s been two days now, since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS), at Calgary’s Stampede Park, to participate in a pro-pipeline, pro-oil rally. ...»

CAPP: Constrained growth outlook means missed opportunity for Canada’s oil sector

Canada’s oil sector is missing a significant opportunity to benefit from the global commodity price and finally receive fair market value for Canadian resources, according to the Canadian Association of Petroleum Producers’ (CAPP) 2019 Crude Oil Forecast, Markets and Transportation report. ...»

API: Bipartisan conservation fund protects public lands, relies on oil and gas revenues

API released a statement as a bipartisan group of House lawmakers introduced legislation to guarantee $900 million in annual funding to the Land and Water Conservation Fund (LWCF). ...»

Cyclone highlights the vulnerability of operations in Mozambique

Tropical Cyclone Kenneth dumped heavy rains on Mozambique, a day after becoming the second storm to hit the nation in two months. ...»

Attack on oil tankers near Hormuz fans conflict fears

Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears of a military confrontation between the U.S. and Iran. ...»

Trump's shot at Russian pipeline shows fight for market share

President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up. ...»

OPEC warns that trade tensions are hurting global oil demand

OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. ...»

Alberta’s Kenney offers Canadian industry optimism

Speaking to the 51st annual Global Petroleum Show in Calgary on Tuesday, Alberta Premier Jason Kenney tried to paint a picture of a brighter future for a Canadian EandP industry weary after several years of depressed activity. ...»

Texas South Energy provides update on Wilinda project

Texas South Energy, Inc., has announced that it has temporarily discontinued flowback operations on the TXSO Richter 1H well in Wilson County. ...»

Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets in the southern Midland Basin to Sequitur Permian, LLC for net cash proceeds of $245 million. ...»

Equinor awards contract for subsea pipelines, marine operations for Johan Sverdrup Phase 2

On behalf of the Johan Sverdrup license, Equinor is awarding the contract for subsea pipelines and associated marine operations in the second project phase to Subsea 7. ...»

TPG Sixth Street, Glendale Energy partner to fund acquisitions of non-operated oil and gas properties

TPG Sixth Street and Glendale Energy announced a new oil and gas investment partnership with an initial $500 million in capital commitments. ...»

Equinor awards contract for subsea pipelines, associated marine operations for Johan Sverdrup Phase 2

On behalf of the Johan Sverdrup license, Equinor is awarding the contract for subsea pipelines and associated marine operations in the second project phase to Subsea 7. ...»

TPG Sixth Street and Glendale Energy partner to fund acquisitions of non-operated oil and gas properties

TPG Sixth Street and Glendale Energy announced a new oil and gas investment partnership with an initial $500 million in capital commitments. ...»

Suspected attack on oil tankers near Hormuz fans conflict fears

Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears of a military confrontation between the U.S. and Iran. ...»

Trump says he’s considering sanctions to block Nord Stream 2

President Donald Trump said Wednesday he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany. ...»

Trade deal could propel U.S. to top of China's LNG supplier list

Here’s another reason for Presidents Donald Trump and Xi Jinping to seal a swift trade deal: it could put the U.S. on track to become China’s biggest supplier of liquefied natural gas, according to Morgan Stanley. ...»

Sleipner partnership releases CO2 storage data

Equinor and its partners will disclose datasets from Sleipner field; the world's first offshore CCS plant, in a push to advance innovation and development on the field of CO2 storage. ...»

C-Innovation to perform riserless light well intervention for BP

C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has been awarded a significant contract to perform riserless light well intervention (RLWI) activities for BP in the Gulf of Mexico. ...»

CGG cuts time of OBN imaging at Mad Dog field

Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over Mad Dog field in the Green Canyon area of the Gulf of Mexico. ...»

Danos provides integrated operations for Shell's Enchilada

Danos has been awarded multiple contracts with Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, to provide integrated operations on its Enchilada platform. ...»

Libra Consortium takes FID on Mero-2 FPSO in Brazil’s pre-salt

Libra Consortium has announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at Mero field offshore Santos basin in Brazil. ...»

ION expands 2D multi-client program offshore Newfoundland

ION Geophysical Corporation has announced an expansion to the Company's 2D multi-client program offshore Newfoundland, Canada. ...»

Coretrax deploys drillpipe cleaning tool, saving rig-time cost and risk

Eliminating the need for costly equipment or hazardous manual handling, Coretrax has seen the deployment of its drillpipe cleaning tool, the CX-Ball, bypass more than 2,000 sales within five years, saving more than 11 days of rig-time cost and risk. ...»

Well-Safe Solutions secures landmark contract for North Sea decommissioning project

Well-Safe Solutions today announced the award of a major contract to decommission up to 21 wells on Schooner and Ketch fields in the UKCS, operated by DNO North Sea (ROGB) Limited, a wholly owned subsidiary of DNO ASA. ...»

SBM Offshore awarded LOI, operate contracts for FPSO Mero 2 lease

SBM Offshore has announced that it has signed a Letter of Intent (LOI), together with Petróleo Brasileiro S.A. (Petrobras), for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at Mero field in the Santos basin offshore Brazil, 180 km offshore Rio de Janeiro. ...»

CGG awarded processing contract for Equinor's Johan Sverdrup PRM project

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea. ...»

Oil demand signals are flashing red as price dives toward $50

Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy. ...»

U.S. oil/gas output surge sets country increase record

U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country. ...»

Natural gas price plunge signals greener start for 2019 in U.S. and EU

Tumbling natural gas prices have set the power generation industries in the U.S. and Europe off to a greener start this year. ...»

Jerry Jones likens natural gas deal to Dallas Cowboys buy

Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally. ...»

Global emissions rose the most in seven years, BP review shows

Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, indicating the world is falling behind in its efforts to rein in climate change. ...»

Halcón Resources names Richard Little CEO

Halcón appointed Richard Little CEO, to fill the vacancy created in February. ...»

Exxon Mobil proceeds with Argentina expansion project in Vaca Muerta basin

Exxon Mobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. ...»

Goldman sees hard path to OPEC+ extension for Russia, Saudis

Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia to reconcile their differences for an extension of the output cut in the second half. ...»

Shell ships first LNG cargo from Prelude FLNG, offshore Australia

Shell's first shipment of LNG has sailed from the company’s Prelude floating liquefied natural gas (FLNG) facility, offshore Western Australia. ...»

Total starts production in Culzean field, offshore UKCS

Total has started production in Culzean gas condensate field, on Block 22/25a, 230 km off the coast of Aberdeen. ...»

Global Petroleum Show to address critical issues facing Canadian, global EandP industry

The 51st Global Petroleum Show (GPS) kicks off today in Calgary, amid a Canadian activity trough from which industry leaders hope to recover soon. ...»

Oceaneering to perform first deepwater AUV survey in Mexico

Oceaneering International, Inc. has secured a contract to perform the first-ever deepwater Autonomous Underwater Vehicle (AUV) survey in Mexican waters. ...»

Russia may be testing U.S. gas nerve with Europe push, Citi says

Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of U.S. exporters, according to Citigroup Inc. ...»

Cortec named licensed API 6D manufacturer

Cortec has been audited and approved as an API 6D licensed manufacturer. ...»

Devon Energy establishes target to reduce methane emissions

Devon Energy Corp. has announced that it is establishing a voluntary, company-specific target to reduce methane emissions for its U.S. oil and natural gas production operations. ...»

Canadian Natural Resources restarts operations following wildfires

Canadian Natural Resources Limited has provided an update on its Pelican Lake and Woodenhouse operations. The Company has now been able to gain access to its wells and facilities in these areas, following the previously announced evacuation due to local wildfires. ...»

BHGE launches multimodal facility expansion in Angola

Baker Hughes, a GE company (BHGE), has announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola. ...»

Comstock Resources to become Haynesville leader with $2.2-billion acquisition

Comstock Resources, Inc., and Covey Park Energy LLC have jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion. ...»

Comstock Resources to become Haynesville basin leader with $2.2-billion acquisition

Comstock Resources, Inc., and Covey Park Energy LLC have jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion. ...»

China’s first LNG bunker vessel to feature integrated Wärtsilä solutions

China’s first seagoing LNG bunker vessel will operate with a comprehensive and integrated package of highly efficient and environmentally sustainable solutions from the technology group Wärtsilä. ...»

Oil woes have Calgary landlords turning empty offices into apartments

When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it. ...»

Alberta’s oil supply cuts find a sweet spot

Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months. ...»

Russia warns of $40 oil even as it holds out on OPEC+ deal

Saudi Arabia and Russia voiced concerns that falling oil demand could send prices below $40/bbl as they met in Moscow on Monday. ...»

Oil drillers scale back U.S. activity as crude falls into bear market

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory. ...»

Oil drillers scale back U.S. activity as crude falls into bear market

U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory. ...»

Texas producers experiment, pumping gas down wells amid glut

Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it away. ...»

Texas producers experiment with pumping gas down wells amid glut

Texas drillers may have found a solution to the stubborn natural gas glut that’s forced them to either burn it off into the air, or pay others to take it away. ...»

The 2020 oil market is quickly turning ugly

Oil bulls thought 2020 would be their year. ...»

Anadarko CEO Walker Gets $98 million golden parachute after sale

Anadarko's CEO Al Walker will receive a golden parachute worth $98 million following the oil producer’s $38 billion sale to U.S. rival Occidental Petroleum. ...»

Equinor reports collision between supply vessel and Statfjord A

On Friday, June 7, the supply vessel PSV Sjøborg collided into the Statfjord A platform in connection with loading operations. Statfjord A is currently in a scheduled production stop, and there was no production on the platform when the incident occurred. ...»

Technology center to be established for developing Achimovsky-strata oil deposits in Russia

Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug are to expand their cooperation in developing viable technologies for exploiting Achimovsky-strata oil deposits. ...»

Gazprom Neft, Repsol and Shell to develop major exploration cluster on Gydan Peninsula

Gazprom Neft, Repsol and Shell have signed a memorandum of understanding at this year’s St. Petersburg International Economic Forum, establishing a JV to develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. ...»

BP, partners confirm investment in deepwater Angola

BP and partners today confirmed they have agreed further investment into deepwater Block 15, offshore Angola as part of an agreement with Angola's National Agency for Petroleum, Gas and Biofuels (NAPGB). ...»

DNO awarded two new exploration licenses on UKCS

DNO ASA has been awarded two exploration licenses as operator by the Oil and Gas Authority (OGA), under the UK’s 31st licensing round. ...»

CNOOC to acquire 10% equity interest in Arctic LNG 2

CNOOC Limited has announced that the Company and CEPR Limited, a wholly-owned subsidiary of the Company, entered into a Share Purchase Agreement with Joint Stock Company Novatek and Ekropromstroy Limited Liability Company, a wholly-owned subsidiary of JSC Novatek, pursuant to which, CEPR shall acquire 10% equity interest in Arctic LNG 2 LLC held by Ekropromstroy. ...»

IEA: Asia demand set to power global gas growth over the next five years

After another record year, global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade. ...»

Markets lose hope for Pemex rescue

Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months, plunging the world’s most indebted oil company into junk status. ...»

Saudis optimistic about OPEC+ cut extension after talks with Russia

Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia. ...»

New wells boost Wyoming oil production to highest level in 25 years

The Wyoming State Geological Survey (WSGS) completed its 2019 update to the Interactive Oil and Gas Map of Wyoming. ...»

Dominican Republic to hold first licensing round

The Ministry of Energy and Mines of the Dominican Republic, in partnership with Wood Mackenzie, has announced its first licensing round to open at an event in Houston on July 10, 2019, closing in December 2019. ...»

Hurricane Energy reports first oil at Lancaster EPS, offshore UK

Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update in relation to the Early Production System development of Lancaster field. ...»

EIA: Horizontally drilled wells dominate U.S. tight formation production

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States. ...»

Lukoil, Iraqi Minister of Oil discuss prospects for cooperation

President of LUKOIL Vagit Alekperov has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic Forum. ...»

Lukoil enters hydrocarbon production project in the Congo

PJSC Lukoil concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash. ...»

Gazprom, Shell meet to review progress of Nord Stream 2, Sakhalin II projects

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, CEO of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2019. ...»

EandP companies need to prove they can be competitive, analysts say

The Russell 3000 reconstitution later this month will be key for energy companies vying for investor attention, given an already low weighting in the index, according to Barclays Capital Inc. ...»

DNV GL, Kongsberg and Subsea 7 finish DP remote digital survey pilot

Classification society DNV GL, Kongsberg Maritime and Subsea 7 have successfully concluded the pilot testing of Kongsberg Maritime’s (KM) DP Digital Survey (KMDS) application on board the Subsea 7 vessel Seven Kestrel. ...»

C-Kore deploys its 200th subsea testing unit

C-Kore Systems has announced the recent deployment of their 200th subsea testing unit. The landmark event occurred during an umbilical installation operation off the coast of Australia. ...»

Lilis Energy CEO, chairman of the board announces retirement

Lilis Energy, Inc. has announced that Ron Ormand, currently chairman of the board of directors and CEO, has notified the board of his planned retirement from the company. ...»

CGG, Fairfield Geotechnologies join forces on large WAZ survey in Louisiana’s Austin Chalk

CGG and Fairfield Geotechnologies have signed a cooperation agreement to acquire a large-scale, multi-client survey in south-central Louisiana. ...»

Energy Perspectives 2019: Delaying climate action increases the challenge, according to Equinor

Current climate actions are far from enough to put the world on a path to keep global warming well below 2o degrees. ...»

Key appointment for DNV GL’s new Future of Gas team in the UK

DNV GL has appointed Corin Taylor as a principal consultant in its new Future of Gas team in the United Kingdom. ...»

Putin highlights differences with Saudis as OPEC+ decision looms

One year ago, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market. ...»

Nigeria’s oil thieves roar back as militants kept in check

Just as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves. ...»

Troubled shale driller gives CEO $2.4 million to stick around

EP Energy Corp. will give its CEO a retention award that’s equal to more than 11% of the troubled oil explorer’s market value. ...»

Oil sinks into bear market as U.S. storage jumps most since 1990

West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned, raising fears of a glut as trade disputes threaten demand. ...»

NCA makes two key appointments to its growing team

Nissan Chemical America Corporation’s innovation in the application of nanoparticles to the oilfield continues to demand increased production capacity. ...»

Tillerson says he ‘probably paid too much’ for XTO Energy as Exxon CEO

Rex Tillerson has some regrets about ExxonMobil Corp.’s $31 billion purchase of XTO Energy Inc. ...»

NOVATEK creates JV in China with Sinopec and Gazprombank

During the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK, Sinopec and Gazprombank signed Heads of Agreement on establishing a joint venture to market LNG and natural gas to end-customers in the People’s Republic of China. ...»

IHS Markit: Total oil sands production will be nearly 1 MMbbl higher by 2030

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly 4 MMbpd by 2030 – nearly one million more than today, according to a new 10-yr production forecast by business information provider IHS Markit. ...»

Unique Group invests millions in Americas, launches Houston-based service and calibration lab

Unique Group, an integrated subsea and offshore solution providers, has announced the launch of state-of-the-art survey equipment calibration services from its Houston base. ...»

ExxonMobil, partners to redevelop Angola Block 15 to increase production

ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. ...»

NCA appoints makes two key appointments to its leadership team

Nissan Chemical America Corporation’s innovation in the application of nanoparticles to the oilfield continues to demand increased production capacity. ...»

Callon Petroleum Company launches sustainability website

Callon Petroleum Company has announced the launch of a new segment of its website dedicated to the company's sustainability practices. ...»

McDermott announces contract agreement for Mozambique LNG development

McDermott International, Inc. has announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development. ...»

Camber Energy has regained compliance with NYSE American

Camber Energy, Inc., based in Houston, Texas, has announced that on June 4, 2019c it received a letter from the NYSE American advising the company that it had regained compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide. ...»

Dundee is the latest port of call for First Integrated Solutions

First Integrated Solutions, a global provider of rental equipment solutions to the to the utilities, chemical, energy, engineering and transport sectors, is delighted to announce the opening of their new facility based within the port of Dundee. ...»

U.S. Trade Representative grants two PESA exclusions to Chinese trade tariffs

PESA is pleased to announce two PESA product exclusions that were filed have just been granted by United States Trade Representative (USTR). ...»

CGG to collaborate with Microsoft to deliver cloud-based geoscience data, technologies

CGG, a leading geoscience company, is pleased to announce collaboration with Microsoft to deliver its geoscience products, data and services on Microsoft Azure and accelerate Exploration and Development workflows for its oil and gas company clients. ...»

China's pipeline reform to supercharge gas demand

China’s pipeline reform is poised to spur competition in its natural gas industry, lowering prices and supercharging demand. ...»

BSEE establishes investigation panels to address recent GOM incidents

Bureau of Safety and Environmental Enforcement (BSEE) Gulf of Mexico Regional Director Lars Herbst has established two panels to investigate two serious incidents that occurred in the Gulf of Mexico last week. ...»

Building boom shows biggest U.S. oil hub hasn't lost its allure

America’s largest oil hub in Cushing, Okla., is growing even as producers and traders look to move surging West Texas production to the coast for export. ...»

Kosmos Energy announces first success from 2019 Gulf of Mexico exploration program

Kosmos Energy has announced an oil discovery at Gladden Deep (Kosmos 20% working interest). Gladden Deep is a subsea tie back which is expected to be brought online through the existing Gladden pipeline to the Medusa spar in the fourth quarter of 2019. ...»

Eni awarded two exploration blocks offshore Ivory Coast

Eni has signed the contracts for two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast. The blocks were part of the 20 blocks available at the end of 2018. ...»

Aker BP completes drilling of wildcat, northeast of Gina Krog

Aker BP ASA, operator of production licence 814, has completed the drilling of wildcat well 15/6-15. ...»

Equinor awarded five new licenses on the UKCS

Equinor has today been awarded five licenses by the Oil and Gas Authority (OGA) - four as operator and one as partner. ...»

Equinor awarded five new licences on the UKCS

Equinor has today been awarded five licences by the Oil and Gas Authority (OGA) - four as operator and one as partner. ...»

Rosneft launches second field in Erginsky cluster

Rosneft has put into commission West Erginskoye field as part of the Erginsky cluster. ...»

Fortress billionaire bets on "freedom gas" exports

Wes Edens is an unlikely evangelist for the benefits of U.S. natural gas exports -- or "freedom gas," as the Department of Energy likes to call it. ...»

Citigroup sees Brent rising to $78/bbl in three months

Forget the trade war and global growth pessimism. Citigroup Inc. is sticking to its target of Brent oil rising to $78/bbl in three months. ...»

Deep Casing Tools, NOV form alliance in Norway

International casing and completion technology business, Deep Casing Tools (DCT), has formed an alliance in Norway with American multi-national corporation NOV Completion Tools. ...»

CGG, Shearwater GeoServices form strategic partnership

CGG has signed a binding term-sheet with Shearwater GeoServices Holding AS (Shearwater) for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company. ...»

Shell promises significant increase in returns to investors

Shell plans to shower its investors in money, pledging returns of $125 billion between 2021 and 2025 -- twice as much as a decade earlier. ...»

TGS announces Atlantic Margin 2019 survey in the Norwegian Sea

TGS announced it will manage the new Atlantic Margin 2019 3D multi-client project in the Norwegian Sea. ...»

Murphy Oil Corporation closes GOM acquisition for $1.227 billion

Murphy Oil Corporation has announced that its wholly owned subsidiary, Murphy Exploration and Production Company - USA, has closed the previously announced strategic deepwater Gulf of Mexico acquisition from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. ...»

Corrosion Resistant Alloys names Matt Pond as CFO

Corrosion Resistant Alloys LP (CRA), a manufacturer of high-grade corrosion resistant alloy tubes, has appointed Matt Pond as chief financial officer. ...»

Oil in Alberta jumps most this year as fires shut output

Canadian heavy oil in Alberta surged the most since December after wildfires forced a second producer in the region to shut in some operations. ...»

Cudd Energy Services announces Gene Sweeney as director of well intervention and integrity

Cudd Energy Services named Gene Sweeney as director of well intervention and integrity. Sweeney will take on responsibilities for Cudd’s domestic snubbing, well control, and special services disciplines. ...»

Schlumberger introduces the GAIA digital exploration platform

Schlumberger has introduced the GAIA* digital exploration platform at the 81st EAGE Conference and Exhibition. The GAIA platform enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities. ...»

Expro awarded significant contract in India (1)

Leading international oilfield services company, Expro, has been awarded a multi-million dollar contract for Hindustan Oil Exploration Company Ltd (HOEC) in Mumbai, India. ...»

Speakers announced for Energy in Data Conference

Speakers have been announced for the inaugural Energy in Data Conference, a joint collaboration between The American Association of Petroleum Geologists (AAPG), the Society of Exploration Geophysicists (SEG), and the Society of Petroleum Engineers (SPE), in Austin, Texas, June 17-19, 2019, at the newly-renovated Omni Barton Creek Resort and Spa. ...»

Addition of Diamond Chain Co. builds on the Timken commitment to quality

The Timken Company, a world leader in engineered bearings and power transmission products, has found the perfect fit with the recent acquisition of Diamond Chain Co., combining forces with Drives to make an impact in markets around the world. ...»

BP to divest mature oil assets in Egypt to Dragon Oil

BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. ...»

Expro awarded significant contract in India

Expro, has been awarded a multi-million-dollar contract for Hindustan Oil Exploration Company Ltd. (HOEC) in Mumbai, India. ...»

EnergyFunders opens the door to directly investing in competitive U.S. shale plays

EnergyFunders, an innovative digital energy investment platform based in the energy capital of Houston, is officially joining the ranks of large, publicly traded oil and gas operators who operate in advanced shale plays like the Permian and Bakken. ...»

C-Innovation appoints John Michael Boquet as HSE manager

C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has named John Michael Boquet as health, safety and environment (HSE) manager. ...»

Eni reports its fifth light oil discovery offshore Angola

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. ...»

C-Innovation names new HSE manager

C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has named John Michael Boquet as health, safety and environment (HSE) manager. ...»

Oil rebounds as Saudis try to calm market after trade war rout

Oil rose as Saudi Arabia offered reassurance that OPEC will keep global crude markets in balance after concerns over the U.S.-China trade dispute triggered the steepest monthly slump this year. ...»

Gazprom shares soar amid anticipated management changes

Gazprom PJSC surged to a decade-high in Moscow trading on speculation the world’s largest natural-gas exporter will make more changes to senior management. ...»

ION completes development of next-generation ocean bottom technology

ION Geophysical Corporation has announced the completion of all 4Sea system components designed to revolutionize the safety, efficiency, quality and turnaround time of seabed data acquisition and imaging. ...»

Ampelmann enters Norway with first Walk to Work contract

Dutch offshore service provider Ampelmann has secured a contract with DeepOcean to support the hook-up and commissioning of the Valhall Flank West (VFW) project, operated by Aker BP. ...»

Russia meets its OPEC+ target in May amid dirty oil crisis

Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports because of contamination. ...»

Permian oil explorers expand activity as drilling costs decline

Oil explorers deployed more rigs for the first time in four weeks as shrinking drilling costs outweighed concern about sliding crude prices. ...»

Mexico kicks off $7.7 billion refinery construction

Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery amid a call by President Andres Manuel Lopez Obrador for the country to become self-sufficient in energy production. ...»

Crude posts worst May in seven years as trade-war anxiety builds

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

Toshiba sells stake in Freeport LNG plant for $815 million

Toshiba Corp. will transfer its rights to process natural gas at the Freeport LNG project in Texas to France’s Total SA, the companies said on Saturday. ...»

Mexico kicks off construction of $7.7 billion refinery

Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery amid a call by President Andres Manuel Lopez Obrador for the country to become self-sufficient in energy production. ...»

Chevron seeks relief from Trump's Venezuela oil sanctions

Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. ...»

Canadian Natural shuts heavy-crude operations as wildfires spread

Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year. ...»

Xodus appoints new advanced analysis lead

International energy consultancy Xodus Group has strengthened its team with the appointment of a new advanced analysis lead. ...»

Petrobras elects new officer to board of directors

Petróleo Brasileiro S.A. - Petrobras reports that its board of directors, at a meeting recently, elected Mr. Roberto Furian Ardenghy for the position of chief institutional relations ffficer. ...»

McDermott announces first cargo from Cameron LNG Train 1

McDermott International, Inc. has announced that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry, La. ...»