Industry economist sees “headwinds” inhibiting U.S., Texas upstream expansion during 2H-2019

Several factors will combine to make it difficult for U.S. and Texas EandP activity to grow during the last six months of 2019, said Karr Ingham, economist for the producers’ association, Texas Alliance of Energy Producers. ...»

Oxy and Ecopetrol form 97,000-acre Permian Basin development JV

Occidental and Ecopetrol entered into definitive agreements to form a joint venture to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin. ...»

EIA: U.S. crude oil production continues to set records

U.S. crude oil production in each of the first five months of 2019 showed increases over their 2018 levels, with April 2019 establishing a new monthly record. Production grew the most in the Permian region and the U.S. Gulf of Mexico. ...»

Enterprise CEO: Houston as important as Hormuz for global oil shipments

U.S. oil-pipeline operator Enterprise Products Partners LP is irked that the Middle East’s Strait of Hormuz hogs the spotlight over the waterway that flows in its own backyard. ...»

Oil tankers perform vanishing act in Hormuz as tensions escalate

Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important -- and lately most dangerous -- energy chokepoint: vanish from global tracking systems. ...»

Senate panel advances U.S. sanctions against Allseas, Saipem on Nord Stream 2 pipeline

The Senate Foreign Relations Committee advanced legislation Wednesday that would impose sanctions on undersea construction of the Nord Stream 2 pipeline for shipping gas from Russia to Germany. ...»

ConocoPhillips awarded wildcat permit offshore Norway

The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a wildcat drilling permit for well 25/7-7, to be drilled from the Leiv Eiriksson drilling facility. ...»

Enterprise, Chevron USA agree to develop Gulf of Mexico offshore crude export facility

Enterprise Products Partners and Chevron U.S.A. announced long-term agreements supporting the development of Enterprise’s Sea Port Oil Terminal (“SPOT”) in the Gulf of Mexico. ...»

WFS Technologies names new Chief Technology Officer

WFS Technologies, global provider of wireless subsea internet of things technology, has appointed Jim Darroch as Chief Technology Officer to drive its product portfolio and software development roadmap. ...»

MDL wins pipelay work offshore Equatorial Guinea

Maritime Developments will supply a complete pipelay spread and personnel for a flexible installation offshore Equatorial Guinea, with a work scope to cover the launch of a number of new wells in an existing network of drill centers in the West African basin. ...»

Halliburton to bring pre-salt expertise to Libra development in Brazil

Halliburton announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin, driving efficiency by applying pre-salt expertise and integrating multiple product offerings and technologies. ...»

McDermott and BHGE awarded contracts for Ichthys Gas Field Development

McDermott International and Baker Hughes, a GE company announced contracts to provide a joint URF and SPS solution for the INPEX-operated Ichthys Liquefied Natural Gas field development, located off the northwest coast of Western Australia. The awards follow the completion of a front-end engineering and design competition and tender for the engineering, procurement, construction, installation scope by the companies. ...»

BP, Eni to cooperate in Central Oman EandP deal

BP and Eni today signed an exploration and production sharing agreement for Block 77 in central Oman, covering a total area of more than 2,700 square kilometers. ...»

Libya output drops to post-March low as biggest field halted

Libya’s oil production dropped to about 950,000 bpd, its lowest in five months, after the unauthorized closing of a valve on a pipeline linking the country’s largest oil field to an export terminal on the Mediterranean Sea. ...»

Shell sells its GOM Caesar-Tonga asset for $965 million

Shell has sold its non-operated interest in the Caesar-Tonga asset to Equinor for $965 million. ...»

Shell sells its Caesar-Tonga asset in the GOM for $965 million

Shell has sold its non-operated interest in the Caesar-Tonga asset to Equinor for $965 million. ...»

Excess supply drives Asia LNG to 10-year low

Natural gas in Asia is dropping toward the lowest price in a decade, causing pain for the majors suffering from the fuel’s weakness. ...»

Oil surges as traders await fed cut, Iran clash squeezes supply

Oil surged as the Federal Reserve moved toward a rate-cut to boost the economy even as lingering tensions with Iran threatened to choke Middle East supplies. ...»

‘Prolific’ Chinese theft ring targeted deepwater drilling technologies

A man who stole deepwater trade secrets on behalf of China was convicted in federal court following the FBI's dismantling of his "prolific network". ...»

Israel awards 12 offshore exploration blocks to Cairn, Soco

The Israeli Ministry of Energy has awarded 12 new offshore blocks in Israel’s Exclusive Economic Zone in its second license round, adding British companies Cairn and Soco to an international roster of oil and gas companies operating in the country’s waters. ...»

HYTORC, Cumulus Digital Systems bring real-time QA to industrial bolting

HYTORC has entered into a partnership with Cumulus Digital Systems, whose “Internet of Tools” platform collects data from digitally enabled tools to provide real-time quality assurance and progress tracking. ...»

Shell Appomattox, Gulf of Mexico’s first HPHT program, receives BSEE approval

Shell’s Appomattox project, located in the Gulf of Mexico about 80 miles south of New Orleans, is the first high temperature project to gain BSEE approval and begin production. ...»

BP avoids sending its tankers through the Strait of Hormuz

BP is “certainly not sending British ships and crews” through the Strait of Hormuz, the only way for tankers to reach the world’s biggest oil-exporting region, Chief Executive Officer Robert Dudley said in an interview. ...»

T. Boone Pickens ETF to replace crude stocks with renewables

Oil tycoon T. Boone Pickens’ eponymous fund is swapping out one of its crude investment vehicles for renewables, seeing an opportunity in clean energy as fossil fuels get pummeled in the capital markets. ...»

Senegal rules out changing gas contracts amid corruption claims

Senegal won’t change already-awarded natural gas contracts despite calls from the country’s political opposition to rework deals in the wake of corruption allegations, according to a government adviser. ...»

ION aligns with Danish Energy Agency on new 3D reimaging program offshore Denmark

ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set. ...»

Emerson applies cybersecurity expertise, 900-strong team to industrial infrastructure defense

Emerson opens its newest cybersecurity lab to help manufacturers confidently adopt digital transformation strategies, while protecting the integrity of their plant operations, networks, systems and data. ...»

Stena concerned about welfare of crew on tanker detained by Iran

The owner of a British tanker seized by Iran in the Strait of Hormuz earlier this month raised concerns about the safety of the crew still on board. ...»

AMLO says Pemex won’t get emergency funds as there’s no crisis

Pemex won’t get a cash infusion from the country’s rainy-day fund, even as crude output declines and refineries idle. ...»

BP beats earnings expectations as output rises

BP beat earnings expectations and increasing its cash flow as higher production offset the effect of lower prices. ...»

Oil advances most in almost three weeks as U.S. rate cut awaited

Oil rose the most in almost three weeks on speculation that demand will get a bump from a potential U.S. Federal Reserve rate cut aimed at spreading economic benefits more broadly. ...»

LAGCOE announces winners of 2019 new technology showcase

LAGCOE leadership has announced the winners of its New Technology Showcase, which will be featured at the 2019 Technical Exposition and Conference, October 9-11 in New Orleans. ...»

‘Deliberate action’ in Colombia ignites 2,600 bbls of crude, hinders firefighters’ efforts

Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil in the Colombian municipality of Arauquita, Arauca. ...»

Osaka Gas acquires Sabine Oil and Gas in Japan’s first foray into U.S. shale gas

Osaka Gas has entered into a definitive agreement with Sabine Oil and Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil and Gas Corporation, which produces shale gas in the amount of 210 MMcfed. ...»

‘Deliberate action’ in Colombia ignites 2600 bbls of crude, hinders firefighters’ efforts

Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil in the Colombian municipality of Arauquita, Arauca. ...»

NPCC and Petrofac JV awarded offshore contract by Al Yasat Petroleum

National Petroleum Construction Company and JV partner Petrofac, have secured a new contract with Al Yasat Petroleum to provide FEED services for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE. ...»

Neptune Energy to acquire interests in German fields from Wintershall Dea

Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea. ...»

UK warship arrives to protect Hormuz as Seoul mulls deployment

Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force. ...»

Permian needs $9-billion worth of new wells – but not for crude, says analyst

As much as $9-billion will be needed over the next decade to dispose of produced water in the world’s busiest shale field, according to Raymond James and Associates Inc. ...»

EIA: U.S. LNG exports to Europe increase amid declining demand, spot LNG prices in Asia

U.S. exports of LNG have been growing steadily and reached a new peak of 4.7 Bcfd in May 2019, according to the latest data published by the U.S. Department of Energy’s Office of Fossil Energy. ...»

Alberta eases oil production limit as it exports more crude

Alberta has relaxed the production limits it imposed on oil producers as it exports more barrels via rail and pipeline. ...»

China feasts on record Saudi crude imports as sanctions hit Iran

China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran. ...»

Oman talks to Iran, other parties to restore stability to Strait of Hormuz

Omani officials are in talks with ‘all parties’ to restore stability to the Strait of Hormuz after recent threats to oil tankers and the freedom of navigation, Foreign Minister Yousef Bin Alawi said after discussions with Iranian officials in Tehran. ...»

Breakoff of Chevron merger costs Anadarko $1.042-billion in Q2

Anadarko's second quarter 2019 results included a $1.042-billion charge for Chevron merger termination fees and other merger transaction costs, resulting in a net loss of $2.09 per share for the quarter. ...»

Oil ends week higher as supply threats outweigh demand doubt

Oil prices fluttered near $56 a barrel in a volatile trading session that pitted gnawing doubts about global demand with supply threats from the Middle East and elsewhere. ...»

Chevron wins U.S. extension to keep producing oil in Venezuela

Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country. ...»

Equinor and partners discover oil at Utsira High in the North Sea

Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the North Sea. ...»

Mexico’s president seeks to replicate India’s successes as Pemex slumps

AMLO seeks to invest $8-billion in a new refinery, modeled after Reliance's Jamnagar compound, while current refineries run below capacity and Mexico imports foreign fuel to meet demand. ...»

U.S. firms want Nigeria oil and gas sector reforms before investing

Nigeria, Africa’s biggest oil producer, could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according to a U.S. official. ...»

Japan’s INPEX acquires stake in Anadarko deepwater GOM blocks

INPEX has reached an agreement with Anadarko to acquire a 40% participating interest in Keathley Canyon blocks 921 and 965, as well as Walker Ridge blocks 881 and 925 in the US Gulf of Mexico. ...»

Argentina to export excess Vaca Muerta gas as LNG to global markets

YPF announced today that a preliminary agreement was reached with Excelerate Energy for the charter of an LNG carrier, which will export Argentina’s excess LNG to the global natural gas market. ...»

EU’s lending arm to phase out funding of fossil fuels

The European Investment Bank plans to stop funding fossil fuels starting in 2021 as Europe steps up the fight against climate change, according to a draft of the EIB’s new energy strategy. ...»

China still taking Iran oil, weeks after U.S. sanctions toughen

Official customs data on Friday showed China imported 855,638 tons in June, the equivalent of about 209,000 bpd. ...»

Eni profit misses, output holds up in mixed bag of results

Eni reported Q2 profit that missed estimates, though production held steady and output-growth targets were confirmed. ...»

Pressure mounts on Trump to end Chevron’s Venezuela presence

Pressure is mounting on President Trump to end Chevron’s 100-year presence in Venezuela as he seeks to exert pressure on Nicolas Maduro's regime. ...»

Total Safety names Paul Tyree chief commercial officer

Total Safety announced that Paul Tyree, formerly president of global business units for Industrial Safety Services, has been promoted to chief commercial officer. ...»

Shale drilling’s worst yet to come, biggest rig owner says

Shares of America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich and Payne said he called the bottom too soon. ...»

Shale Drilling's Worst Yet to Come, Biggest Rig Owner Says

Shares of America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich and Payne said he called the bottom too soon. ...»

Colorado Petroleum Council promotes Carrie Hackenberger to associate director

The Colorado Petroleum Council announced that Carrie Hackenberger has been promoted to associate director of the Colorado Petroleum Council, API’s Colorado division. ...»

McDermott awarded fluid catalytic cracking unit contract in India

McDermott International has been awarded a technology contract by Indian Oil Corporation Limited (IOCL) for the technology license, basic engineering, proprietary equipment, training and technical services for a grassroots Fluid Catalytic Cracking (FCC) unit in Panipat, Haryana, India. ...»

Wintershall Dea taps ConocoPhillips’ shale expertise in Argentina agreement

The Aguada Federal and Bandurria Norte blocks to be jointly developed hold significant unconventional oil and natural gas resources in the prospective Vaca Muerta shale formation. ...»

Weatherford wins Colombian 3,000 well production optimization contract

Under the newly signed contract, the company will provide all maintenance and services for the software platform for five years, as well as all technical and production services required to allow Production Performance Management. ...»

Weatherford wins 3,000 well production optimization contract with Colombian operator

Under the newly signed contract, the Company will provide all maintenance and services for the software platform for five years, as well as all technical and production services required to allow Production Performance Management. ...»

Eni confirms significant Agogo find offshore Angola

The first appraisal well results confirm 650 MMboe in place at the Agogo field, and indicate further upside in its northern sector that will be assessed with new appraisal wells. ...»

Saudi Aramco to reduce reliance on Hormuz with pipeline expansion

Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, increasing Red Sea shipments and avoiding the tense Strait of Hormuz. ...»

European allies spurn U.S. effort to protect ships from Iran

Rather than signing on to the Trump administration’s “Operation Sentinel,” those countries want to establish a European maritime security initiative nearly identical to -- but separate from -- the American project. ...»

Total’s PNG gas plan faces test as new PM drives changes

Papua New Guinea’s petroleum minister said her'll recommend changes to a recent natural gas agreement with Total, a potential new hurdle for the delayed $13-billion effort to double the nation’s exports of the fuel. ...»

Gazprom offers $2.3-billion stake to monetize quasi-treasury shares

CEO Alexey MIller said the company was looking for “different market ways to monetize” its portfolio of quasi-treasury shares, owned by Gazprom’s units. ...»

Total profit drops as lower gas prices offset rising output

Total’s Q2 profit fell short of estimates as the price of natural gas and oil dropped, but record hydrocarbon production and continued cost cuts boosted cash flow. ...»

OPEC+ mission to buoy oil market enters make-or-break phase

The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase. ...»

EIA: U.S. oil producers increase shareholder distributions

The EIA reports first-quarter 2019 results for 43 U.S. oil producers indicate they have increased shareholder distributions through dividends and share repurchases during the past two years. ...»

Total to provide regasified LNG to Benin in 15-year agreement

Total will develop and operate the regasification infrastructure that will comprise a floating storage and re-gasification unit (FSRU) located offshore Benin and an offshore pipeline connection to existing and planned power plants in Maria Gléta. ...»

TechnipFMC awarded UK North Sea EPCI contract by Neptune Energy, JV partners

Neptune Energy and its joint venture partners BP and JAPEX today announced TechnipFMC has been awarded an engineering, procurement, construction and installation Target Cost contract for the Seagull development oil project in the UK North Sea. ...»

Oil extends rally as U.S. stockpiles and crude production slump

Oil’s rally picked up steam as U.S. crude stockpiles shrank and domestic output plunged the most in more than a year, adding to supply concerns as tensions escalate in the Middle East. ...»

Market bellwether Caterpillar tumbles amid Permian slowdown

Caterpillar Inc. shares fell after the heavy-equipment maker projected 2019 earnings at the low end of its forecast amid rising costs, declining sales in Asia and a slowdown in oil and gas spending in the prolific Permian Basin. ...»

Satellite data suggests significant underreporting of Permian frac operations

New satellite data suggests that fracing activity in the Permian Basin was underreported by more than 20% in 2018, with as many as one out of every six completed wells not reported to state and public commissions. ...»

ADNOC and Petramina expand partnership exploring new upstream, downstream opportunities

ADNOC and Petramina signed a Comprehensive Strategic Framework to explore opportunities for collaboration across the oil and gas value chain in the United Arab Emirates, Indonesia and globally. ...»

BCCK Holding Company names John Peterson senior vice president of business development

BCCK Holding Company, a leading international provider of engineering, procurement, fabrication and field construction services, has promoted John Peterson to senior vice president of business development. ...»

EIA: Saudi Arabia crude production hits four year low as export targets shift

The U.S. Energy Information Administration (EIA) reports that Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 MMbpd, more than 1 MMbpd lower than its all-time high in November 2018. ...»

Eni finds significant gas, condensate potential in offshore Vietnam exploration block

Eni's Vietnam exploration well, located in offshore block 114, Song Hong Basin, has proven the presence of significant gas and condensate accumulation in the Ken Bau prospect. ...»

Chevron awards OneSubsea 20-year GOM equipment and services contract

Chevron awards OneSubsea 20-year subsea equipment and services master contract for the Gulf of Mexico, supporting all subsea development projects with standardized equipment, including technologies that can withstand up to 20,000 psi. ...»

Santos gets nod for Australian onshore shale gas exploration

Santos announced it has received approval for Australia’s first Environmental Management Plan to be awarded for onshore shale gas exploration in the Northern Territory since the moratorium was lifted in early 2018. ...»

Tullow reduces oil production outlook again on Ghana faults

Tullow Oil reduced its 2019 production forecast for the second time in three months as technical glitches in Ghana continued to cast a shadow. ...»

Egypt, Israel amend $15 billion gas deal to avoid supply disruption

The parties to a $15 billion deal to export Israeli natural gas to Egypt are changing the agreement to reduce the risk of disruptions. ...»

TechnipFMC scores $7.6-billion contract for the Arctic LNG 2 project in West Siberia

TechnipFMC has been awarded a $7.6-billion EPC contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. ...»

TechnipFMC scores $7.6bn contract for the Arctic LNG 2 project in West Siberia

TechnipFMC has been awarded a $7.6bn EPC contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. ...»

ELA Container Offshore wins EU tender on accommodation containers

ELA Container Offshore has been awarded a framework contract by grid operator TenneT for the supply of accommodation containers on four HVDC converter platforms in the German North Sea area. ...»

Chevron awards OneSubsea 20-year subsea GOM equipment and services contract

Chevron awards OneSubsea 20-year subsea equipment and services master contract for the Gulf of Mexico, supporting all subsea development projects with standardized equipment, including technologies that can withstand up to 20,000 psi. ...»

Chevron awards OneSubsea 20-year subsea equipment and services master contract for the Gulf of Mexico

Chevron awards OneSubsea 20-year subsea equipment and services master contract for the Gulf of Mexico, supporting all subsea development projects with standardized equipment, including technologies that can withstand up to 20,000 psi. ...»

Tenaris tapped for Noble’s Alen gas project in Equitorial Guinea

Tenaris was awarded the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea, a key component of Noble Energy’s growth strategy in West Africa. ...»

McDermott relocates subsea center of excellence following BP awards

McDermott announced it has relocated its Subsea Center of Excellence to Bedfont Lakes office park near Feltham in London, following the recent award of the Greater Tortue Ahmeyim Natural Gas Project, located offshore Mauritania and Senegal. ...»

U.S. sanctions China state oil trader for Iran crude deal

The U.S. has sanctioned a Chinese state oil trader for violating restrictions on Iranian crude, an attempt to tighten restrictions on the Islamic Republic and cut off one of its biggest buyers. ...»

McKinsey report sees US gas reach below $3/MMbtu in the next ten years

Latest McKinsey Energy Insights report reveals US gas economics will reach below $3/MMbtu in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically. ...»

TGS, EnergyIQ launch new geoscience database toolset

TGS and EnergyIQ announced the EIQ TGS Data Loader, providing advanced analysis and decision-making support by enabling clients to automatically blend industry leading data with proprietary customer data in an enterprise well master data management platform. ...»

Blackstone considers sale of Cheniere stake

Blackstone Group is considering selling its stake in Cheniere Energy Partners, according to people familiar with the matter, seven years after agreeing to invest about $1.5 billion in the owner of the first major liquefied natural gas export terminal in the U.S. ...»

Total’s deal-making CEO spends billions to ride out turmoil

If you’re offered the job of running one of the world’s largest companies, you don’t usually have just an hour to decide if you want it. ...»

Aker BP completes drilling of wildcat northeast of the North Sea's Alvheim field

Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet). ...»

LAGCOE announces keynote speakers for 2019 conference

LAGCOE leadership announces the keynote speakers for its 2019 Technical Exposition and Conference, scheduled for October 9-11 at the Ernest N. Morial Convention Center in New Orleans. ...»

Pacific Drilling names James W. Harris CFO

Pacific Drilling names James W. Harris to is CFO position, after Johannes P. Boots mutually agrees with the company to pursue other opportunities. ...»

Faster Permian decline rates demand new investment, MandA strategies

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and MandA activity. ...»

Norway’s Halfwave scores four major pipeline inspection contracts

In-line oil and gas pipeline inspection technology company Halfwave has been awarded four contract wins for subsea inspection in the first half of 2019, seeing its ROV mounted ARTEMIS tool utilized on major oilfield projects around the world. ...»

Europeans plan naval mission to ensure safe passage in Persian Gulf

European governments will assemble a naval mission to provide safe passage for ships through the Persian Gulf, after Iran seized a British oil tanker, an act that U.K. Foreign Secretary Jeremy Hunt described as “state piracy.” ...»

Oxy responds to Carl Icahn’s boardroom shakeup proposal

In response to actions by billionaire activist investor Carl Icahn, Occidental Petroleum mailed a letter to shareholders in connection with definitive proxy materials it has filed with the SEC. ...»

Halliburton cutting frac jobs, equipment in US and Canada

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America. ...»

Libyan crude production recovers as largest oil field restarts

Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. ...»

Iran oil stacking up in Chinese ports adds to market uncertainty

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. ...»

New shale technology detects completion problems, parent/child well interference

Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job. ...»

Emerson helps complete first Caspian subsea project ahead of schedule, under budget

Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract. ...»

McDermott, Chiyoda and Zachry Group Introduce Feed Gas to Train 1 at Freeport LNG

The first of its kind LNG facility that will significantly improve energy export capabilities in the US. ...»

Reveal Energy Services improves completion performance with cloud-based evaluation engine

DSCVRi improves completion performance with region-, well-, stage-level data. ...»

Shale boom architect Mark Papa named new Schlumberger chairman

Schlumberger is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies. ...»

Outgoing Schlumberger CEO Kibsgaard lands $6 million consulting deal

Kibsgaard will continue to lift his $2 million annual salary through July 31, 2022, in exchange for providing “certain services” and agreeing not to take a job at a rival, according to a regulatory filing. ...»

Iran seizes UK tanker as tensions soar

Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. ...»

Greece offers opportunity for Turkey if drilling disputes are resolved

Greece’s foreign minister said his country could work together with Turkey to exploit natural resources, while urging Ankara to settle its Mediterranean drilling disputes. ...»

Apache completes midcontinent asset sales

The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play. ...»

Oil pares steep weekly loss as U.S. says it downed Iranian drone

Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz, stoking concern crude flows from the Middle East may be disrupted. ...»

Schlumberger sees shale output boom slowing on budget cuts

Schlumberger expects surging oil production from North American shale basins to slow as explorers cut spending, outgoing CEO Paal Kibsgaard said during the company’s second-quarter earnings call. ...»

Billionaire seeks to replace 40% of Occidental’s board of directors

Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 board members and potentially push for a sale. ...»

Range announces Appalachian asset sales of $634 million

Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. ...»

YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

McDermott to provide Pre-FEED services to YPF for a five MTPA liquefication facility project at Vaca Muerta LNG in Argentina ...»

Guilty plea on five counts in UK's Iraqi bribes case

A former oil executive pleaded guilty to five counts of corruption in the U.K. as part of one of the white-collar financial crime prosecutor’s biggest bribery investigations. ...»

Schlumberger names new CEO

Schlumberger Limited has announced that its board of directors has appointed Olivier Le Peuch as its CEO and member of the Schlumberger board, effective Aug. 1, 2019. ...»

Aramco IPO bankers question whether deal is worth the effort

When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort. ...»

EIA: Summer natural gas prices on track to be the lowest since 1998

EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. ...»

Baker Hughes sells reciprocating compression business to private equity fund

Arcline Investment Management signed a definitive agreement to acquire the reciprocating compression division of Baker Hughes, a GE company. ...»

Iran says it seized ship for smuggling, stoking tensions

Iran said it seized a foreign ship that was smuggling fuel in the Persian Gulf, an act that threatens to heighten already tense relations in the world’s biggest oil-exporting region. ...»

EIA: Iran drove unplanned OPEC production outage to highest levels since 2015

EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015. ...»

Wild Well Control taps Fugro to enhance subsea capping stack capabilities

Wild Well Control has contracted Fugro to provide BOP intervention skids and test units for its subsea response kit, increasing pumping capability and water depth ratings. ...»

BOEM announces region-wide lease sale for GOM

BOEM will offer 77.8 million GOM acres, including all available unleased areas in federal waters. ...»

ExxonMobil commits to joint development of open automation processes

The goal of this collaboration is the creation of a standards-based, open, interoperable, and secure automation architecture that addresses both the technical and commercial challenges of current systems. ...»

Iran confirms it seized fuel tanker in the Persian Gulf

Oil extended gains after Iran confirmed it had seized an oil tanker in the Persian Gulf earlier this week. ...»

BHP adds three wells to successful Trinidad deepwater campaign

BHP completes phase three of its deepwater drilling campaign offshore Trinidad, discovering gas in three new wells. ...»

Vanguard emerges from Chapter 11 bankruptcy as Grizzly Energy

Vanguard Natural Resources successfully completed financial restructuring, emerging bankruptcy as a new limited liability company. ...»

Vanguard Natural Resources emerges from Chapter 11 bankruptcy as Grizzly Energy

Vanguard Natural Resources successfully completed financial restructuring, emerging bankruptcy as a new limited liability company. ...»

Solaris Water launches expanded New Mexico recycling operations

Solaris Water launches operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County, New Mexico. ...»

MAN Energy Solutions awarded subsea compression FEED order

MAN Energy was awarded a FEED contract for the Chevron-operated Jansz-Io field in Western Australia. ...»

Halliburton releases first 3D logging-while-drilling technology

Halliburton launched 3D reservoir mapping, providing detailed representation of subsurface structures to improve well placement in complex reservoirs. ...»

ABS to class Calm Oceans' innovative Mono Column jackup

ABS will class an innovative new self-elevating platform with a unique triangular mono column design from Calm Oceans Pte Ltd. ...»

Permian watch: America’s hottest shale play is slowing down

The engine of America’s shale boom is beginning to sputter. ...»

New CEO appointed at EnerMech

EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman. ...»

Fast and lean: How North Sea oil is learning from American shale

The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. ...»

Canadian heavy crude surges as rail shipments increase

Heavy Canadian crude prices narrowed to the smallest discount against U.S. benchmark futures since April as rail shipments increase. ...»

U.S. oil lets top Korean refiner pivot away from Middle East

South Korea’s biggest oil refiner is looking to buy a wider variety of U.S. crude grades to reduce its reliance on Middle East supply. ...»

Improved reservoir recovery anticipated for Norway’s Gudrun field with new investment

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan. ...»

Equinor drills dry Norwegian well west of Johan Sverdrup

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7. ...»

Turkey scoffs at EU rebuke, vows to keep drilling off Cyprus

Turkey rebuffed measures by the EU and vowed to go ahead with its exploration in a growing dispute with EU member Cyprus. ...»

No fast exit from Permian oil for private equity, RS Energy says

Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. ...»

Oil extends loss as U.S. and Iran signal return to negotiations

Oil extended losses below $60/bbl on the prospect of easing tensions between the U.S. and OPEC member Iran, and as Gulf of Mexico producers began resuming operations after a storm. ...»

Pemex seeks to reverse oil declines, balance budgets

Mexico’s Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year. ...»

AFC invests $100 million in Aker Energy's DWTCTP, offshore Ghana

Africa Finance Corporation (AFC) announces today it has financed Aker Energy A.S., a subsidiary of Aker ASA. AFC's support is through investing in $100 million of convertible bond notes with an intention to participate in follow on fund raising activities for the development of the Deepwater Tano Cape Three Points block (DWTCTP), offshore Ghana. ...»

Improved reservoir recovery anticipated for Gudrun field with new investment

The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan. ...»

Sparrows Group secures approved supplier status from Saudi Aramco

Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil company, Saudi Aramco. ...»

Equinor drills dry well west of Johan Sverdrup

Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7. ...»

U.S. DUC shale backlog declines, except in Permian basin

The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016. ...»

U.S. shale backlog declines, except in Permian basin

The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016. ...»

U.S. shale fracklog declines, expect in Permian basin

The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016. ...»

Chevron seeks to turn Canada LNG plan into all-electric design

Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world. ...»

WoodMac, P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Wood Mackenzie, the global natural resources research consultancy, announced its partnership with P2 Energy Solutions to better analyse current and future well spacing. ...»

Africa Energy signs rig contract for Block 11B/12B, offshore South Africa

Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig. ...»

Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania

International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd., for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and abandonment (PandA) contract, offshore Mauritania. ...»

ADM Energy appoints new CEO

ADM Energy, an oil and gas investing company quoted on AIM, has announced the appointment of Osamede Okhomina as Chief Executive Officer with immediate effect. ...»

McDermott wins FEED contract for Sohar LNG bunkering project in Oman

McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman EandP Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman. ...»

Decommissioning in Shetland expands with the arrival of more North Sea structures

The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. ...»

KCA Deutag wins $168 million in Russian drilling contracts

Global drilling and engineering contractor KCA Deutag (KCAD) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168 million. ...»

Callon to acquire Carrizo in $3.2 billion stock transaction

Callon and Carrizo OandG have approved an agreement where Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion. ...»

Hurricane Barry halts large portion of GOM oil output

Hurricane Barry shut-in three-quarters of U.S. GOM crude production. ...»

EU to cut flow of funds to Turkey as drilling spat heats up

The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean. ...»

Recoverable oil reserves at Russkoye field increased 8%

The AB1 recoverable oil reserves of Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft. ...»

Norwegian Petroleum Directorate reports high activity in the first six months of the year

Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases. ...»

Aker BP strikes oil in the NOAKA area, offshore Norway

Aker BP is about to complete the Liatårnet exploration well in license 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 MMboe. ...»

EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports

Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play. ...»

Britain raises Gulf shipping threat to highest level possible

Britain raised the threat level to the highest possible for ships operating in the Persian Gulf as tensions escalate in a region accounting for a third of seaborne petroleum trade. ...»

NPD reports June production figures below forecast

Preliminary production figures for June 2019 show an average daily production of 1,409,000 bbl of oil, NGL and condensate, which is a decrease of 184,000 bpd compared to May. Total gas sales were 9.4 Bscm, which is a decrease from the previous month. ...»

Cracks in Permian promise slowing shale boom

The promise of the Permian is shrinking. ...»

Tropical storm races toward Louisiana, curbing oil output

Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans. ...»

OGA launches 32nd Offshore Licensing Round on the UKCS

The Oil and Gas Authority (OGA) has launched the 32nd Offshore Licensing Round with 768 blocks or part-blocks on offer across the main producing areas of the UK Continental Shelf (UKCS). Acreage is on offer in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands. ...»

Cuadrilla confirms return to UK frac operations

Cuadrilla today confirmed that it will return to hydraulic fracturing and flow testing of natural gas at its flagship Lancashire site in Preston New Road, near Blackpool. ...»

Saudis pledge to keep doing OPEC's heavy lifting as shale surges

Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month. ...»

Vessels sailing under the radar to ship Venezuelan crude to Cuba

Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected. ...»

OPEC sees new oil surplus in 2020 as U.S. shale surges again

A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge. ...»

McDermott awarded sizeable offshore engineering contract by Qatar Petroleum

McDermott International, Inc., announced it has been awarded a sizeable contract by Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project. ...»

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology. ...»

Emerson completes acquisition of Zedi's software, automation businesses

Emerson has announced it has completed the purchase of Zedi’s software and automation businesses. ...»

Pemex under pressure with AMLO ruling Mexico’s economy

The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails. ...»

Oil rides to seven-week high on Gulf storm, tightening U.S. supply

Oil rode a tide of bullish news to its highest price in almost two months as a potential hurricane roiled the Gulf of Mexico and U.S. crude inventories dropped. ...»

Total EandP Congo successfully deploys world’s first cementless completion

Welltec has announced the first deployment of a truly cementless completion in the Republic of Congo during the second quarter of 2019. ...»

Total divests UK assets to Petrogas for $635 million

Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. ...»

McDermott wins record EPCI mega-project for Marjan Package 1

McDermott International, Inc., has announced that it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC). ...»

CNOOC China signs cooperation framework agreement with Sinopec Corp.

CNOOC Limited has announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum and Chemical Corporation (Sinopec Corp.) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu basin. ...»

Capricorn Norge strikes out southeast of Norne field

Capricorn Norge AS, operator of PL 758, has completed the drilling of wildcat well 6508/1-3. ...»

Giant bank sees natural gas plugging gaps in Europe’s energy shift

One of the world’s biggest clean energy lenders see a future for European natural gas investments. ...»

Activists take control of EQT board in proxy fight

The activist investors at EQT Corp are poised to take control of the largest U.S. natural gas producer’s board, according to people familiar with the matter. ...»

Mexico’s moratorium on oil auctions gives rival Brazil an edge

Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. ...»

Mexico moratorium on oil auctions giving rival Brazil an edge

Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. ...»

EU mulls cutting funds to Turkey as drilling feud escalates

The European Union may suspend most high-level contact with Turkey and cut the flow of funds in protest at its drilling activities off the coast of Cyprus. ...»

Aramco awards $18 billion in deals to boost capacity, despite OPEC pledge to restrict output

Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production. ...»

New managing director to head Wintershall Dea in Brazil

Change at the top of Wintershall Dea in Brazil: Valerie Bosse is the new managing director of the Wintershall Dea Business Unit Brazil and is responsible for all previous Wintershall and DEA activities in the country. ...»

DroneDeploy launches single enterprise solution for all drone operations

DroneDeploy, the leading drone software company, announced today a major expansion across its products, making it a single platform for all drone operations. The launch includes automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities. ...»

Siemens’ gas turbine generator packages to power Eni Mexico Area 1 FPSO

Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC’s floating production, storage, and offloading (FPSO) vessel. ...»

Total, IFPEN team up to accelerate carbon reduction RandD

IFP Energies Nouvelles (IFPEN) and Total announce that they signed a strategic RandD partnership yesterday, that includes an agreement to endow a chair at the IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions. ...»

Eco-friendly oilfield chemicals pave the way for increased application use

Frost and Sullivan’s latest analysis of the global oilfield chemical market reveals that the development of innovative, advanced oilfield chemicals that have superior performance characteristics and are eco-friendly have paved the way for increased application use, premium prices, and market growth. ...»

Teledyne CARIS releases new data model, bringing new versatility to chart production

Teledyne CARIS, a Teledyne Technologies company, has announced the release of its Hydrographic Production Database (HPD) 4.0. This new version of HPD is designed to support Hydrographic Offices around the world as they embrace the new S-100 Universal Hydrographic Data Model and explore its many possibilities. ...»

Rice brothers lead showdown with U.S. natural gas giant

The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.” ...»

PetroChina worth less than its energy reserves in the ground

PetroChina looks cheap on many levels, perhaps none more so than comparing it to the value of its reserves beneath the Earth’s surface. ...»

Mozambique delays raising $2.3 billion for Anadarko gas project

Mozambique has put on hold plans to raise funds for its portion of Anadarko Petroleum’s $20 billion gas project, as the government limits its debt sales following a default three years ago. ...»

Emerson completes acquisition of Zedi’s software, automation businesses

Emerson has announced it has completed the purchase of Zedi’s software and automation businesses. ...»

Tropical Storm Barry could form in Gulf of Mexico, rattling markets

A tropical storm could form in the eastern Gulf of Mexico by Thursday and potentially swirl through offshore oil and gas fields along the coast. ...»

Developer of oil, gas data services takes over operation of frac data sharing system

PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil and gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers. ...»

Acteon acquires Proserv’s field technology services, survey businesses

Subsea services group Acteon is adding subsea cutting expertise to its Claxton brand with the acquisition of Proserv’s international Field Technology Services and Survey business units. ...»

JFMS survey clears Black Sea site to support future oil exploration

James Fisher Marine Services (JFMS) completes deep-towed subsea survey project for Lukoil, one of the largest publicly traded oil and gas companies in the world, in waters proven to preserve treasures dating back to Venetian golden era of centuries ago. ...»

Wood Mac: Growth in the Permian may spur fresh wave of infrastructure spending

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. ...»

Wood Mac: Output growth in the Permian may spur fresh wave of infrastructure spending

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 bpd by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. ...»

Oil holds above $57 as Iran tension stirs concern over supply

Oil held above $57/bbl as rising tension in the Middle East kept investors wary of potential supply disruptions. ...»

Equinor grabs bigger slice of giant oil field in deal with Lundin

Equinor ASA built up its share in Norway’s giant Johan Sverdrup oil field in a deal with Lundin Petroleum AB that saw it sell its 16% stake in the Swedish producer. ...»

DTEK Oil and Gas to invest $37 million into Ukraine's Zinkivska Block

DTEK Oil and Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history. ...»

BP oil tanker shelters in Persian Gulf on fear of Iran retaliation

An oil tanker, run by BP, is being kept inside the Persian Gulf in fear it could be seized by Iran in a response to the arrest by Gibraltar last week of a vessel hauling the Islamic Republic’s crude. ...»

Brent crude short-selling rises to five-month high

Hedge funds are growing more pessimistic about oil prices as sentiment on the global economy sours. ...»

Total launches Phase 3 of Dunga field, onshore Kazakhstan

Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan. ...»

Iran says seized oil tanker in Gibraltar wasn't sailing to Syria

Iran said an oil tanker that was seized by British forces near Gibraltar wasn’t destined for Syria. ...»

Bombed oil tanker near Persian Gulf now shipping fuel to Iran

An oil tanker damaged in a bombing that was blamed on Iran is back in business. The ship’s first destination: Iran. ...»

Kenya, Tanzania plan to explore natural-gas trading

Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export. ...»

Well-SENSE launches miniature optical gauge

Well-SENSE has launched a miniature optical pressure-temperature gauge, as part of its FiberLine Intervention (FLI) system. ...»

McDermott, Cameron LNG announce agreement regarding LNG project in Louisiana

McDermott International, Inc. has announced it and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana. ...»

Libyan military leader says only Tripoli can sell nation's crude

Libya’s most powerful military leader said the state oil company in Tripoli has the sole right to sell the nation’s crude, a statement that might ultimately help stabilize production that has swung wildly for almost a decade because of ongoing conflict. ...»

First LNG cargo shipped from Prelude FLNG

TechnipFMC announces today that the first shipment of Liquefied Natural Gas (LNG) has sailed from Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility located 475 km North East of Broome in Western Australia. ...»

Frame agreement results in triple contract completion for Rever Offshore

Rever Offshore, a leading subsea services provider to the oil and gas industry, continues to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total EandP UK. ...»

Sparrows Group wins first rigging maintenance contract in Qatar

Sparrows Group has been awarded their first contract for the provision of rigging loft maintenance services in Qatar. ...»

Equinor finds more oil in the Oseberg area

Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken. ...»

Oil near $57 as smaller U.S. stockpile drop adds to economy woes

Oil declined as a smaller-than-expected draw in U.S. inventories added bearish sentiment to a market already reeling from gloomy economic news. ...»

Saudi Arabia, Kuwait make breakthrough in neutral zone oil talks

Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in recent talks, according to people familiar with the matter. ...»

British forces seize oil tanker for violating Syria sanctions

British special forces seized a supertanker off Gibraltar suspected of carrying Iranian oil to Syria in violation of European and U.S. sanctions against the war-torn country. ...»

Vandalism of Nigerian oil pipeline results in tragedy

Two people died after a gasoline pipeline owned by Nigeria’s state oil company exploded in an area of Lagos, the commercial capital, the National Emergency Management Agency said. ...»

China raises security warning on vessels plying Malacca Strait

China raised the security level for its vessels heading through the Strait of Malacca, a key Asian trade route and major oil choke point. ...»

Energean to buy EDF assets for up to $850 million

Energean Oil and Gas Plc agreed to buy the oil and gas business of Electricite de France SA’s Italian unit for as much as $850 million, a deal that will substantially broaden the Greek company’s geographic footprint. ...»

Shale drilling slips back to one-year low as oil rally falters

American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand. ...»

Okra Energy achieves production milestone for Peru’s first LNG facility

Okra Energy marks a significant milestone with the production and delivery of more than three million gallons of LNG produced by its proprietary technology at its small-scale natural gas liquefaction facility, the first in Perú. ...»

EIA: Fossil fuels continue to dominate U.S. energy consumption

Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. Overall energy consumption in the United States reached a record high in 2018 at 101 quadrillion British thermal units (Btu), of which more than 81 quadrillion Btu were from fossil fuels. ...»

Weatherford files for Chapter 11 bankruptcy

Weatherford International plc, Weatherford International Ltd., and Weatherford International, LLC, announced that the Company has initiated its previously-announced financial restructuring by commencing voluntary cases under Chapter 11 of the U.S. Bankruptcy Code to effectuate its "pre-packaged" Plan BAof Reorganization. ...»

KOC awards Halliburton integrated offshore services contract

Kuwait Oil Company (KOC) and Halliburton have announced the companies have signed an integrated offshore drilling services contract for six high-pressure high-temperature (HPHT) exploration wells on two jackup rigs in the Arabian Gulf. ...»

Eni awarded new EandP license in the prolific Tano basin, offshore Ghana

Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano basin, offshore Ghana. ...»

Maritime Developments wins follow-up flexible, umbilical installation job offshore West Africa

Maritime Developments (MDL) has been awarded a follow-up flexible and umbilical installation job offshore West Africa. ...»

Trelleborg awarded major contract in Mexico

Trelleborg’s offshore operation has been awarded a major multi-million-dollar contract by Mexican state-owned petroleum company, Pemex, for Elastopipe. ...»

Africa Oil farms in to Azinam Block 3B/4B in South Africa

Africa Oil has entered into a definitive farmout agreement with Azinam Limited (Azinam), whereby Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa. ...»

BP says some of its oil won’t see the light of day

Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP to conclude some of its resources “won’t see the light of day.” ...»

Iran says EU’s channel for trade not enough without oil

Iran’s oil minister said a European mechanism to shield some trade with his country from crippling U.S. sanctions won’t be useful if it doesn’t allow for oil sales, as efforts to preserve the unraveling nuclear deal face a looming deadline. ...»

Saudi Aramco to restart preparations for giant IPO

Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. ...»

Nigeria’s largest oil independent to spend $5 billion to boost output

Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. ...»

Foothills Exploration acquires additional gas wells, acreage 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, has announced that it plans to acquire natural gas wells and acreage for production and development in Stillwater and Golden Valley counties, Montana. ...»

Expro enters multi-billion-dollar market with technology acquisition

International oilfield services company Expro has acquired 100% of the equity of technology company Quality Intervention AS (QI). ...»

McDermott completes first of two offshore campaigns for Reliance KG-D6 R cluster project

McDermott International, Inc., has announced it has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari basin, located off the East Coast of India. ...»

Maersk Supply Service first to offer unique high-speed Internet access

Maersk Supply Service has become the first company to offer clients unique high-speed Internet access with Fleet Xpress. ...»

Lloyd's Register releases new asset performance management platform

Lloyd’s Register (LR) has announced the latest release of LR AllAssets. This release adds significant new functionality to the AllAssets Asset Performance Management (APM) platform with the addition of a Maintenance Optimization module, which includes RCM, FMEA, FMECA and Maintenance Optimization capabilities and libraries. ...»

Saudis dig-in for shale fight as OPEC+ extends cuts to 2020

Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year. ...»

Over $430 million to be invested in the exploration of oil, gas fields in Ukraine

The results of nine international PSA tenders, covering 11.400 km2 of onshore acreages, have been concluded by Intergovernmental Commission on July 1. ...»

Africa Oil Week to focus on role of oil, gas in South Africa’s future energy mix

With Africa Oil Week (https://ift.tt/2FLZsJZ) in Cape Town in its 26th year, this year’s event – from Nov. 4-8 – will feature, for the first time, a day-long “South African Showcase.” ...»

Oilfield service industry fighting for life in a world of cheap oil

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. ...»

Airborne Oil and Gas awarded second Anasuria contract in North Sea

Airborne Oil and Gas has secured a second award from Anasuria Operating Company Ltd (AOC) to deliver a second high-flow Thermoplastic Composite Pipe (TCP) Jumper Spool in the Central North Sea. ...»

DP World acquires leading international marine logistics operator

DP World PLC announces the acquisition of 100 per cent of Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for an enterprise value of $1,079 million. ...»

Penspen partners with MJMEnergy for the study of gas pipeline network in Senegal

Penspen has partnered with MJMEnergy, a leading gas and energy consultancy, for the gas-to-power study early development phase in Senegal. ...»

TechnipFMC awarded significant subsea contracts in India

TechnipFMC has been awarded significant subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin. ...»

Marathon Oil closes on sale of its UK business

Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy PLC. ...»

Incident claims the lives of two people on Shell's Auger platform

Two people were killed and one injured on Royal Dutch Shell’s Auger platform in the Gulf of Mexico on Sunday. ...»

Varel Oil and Gas releases new directional PDC drill bits

Varel Oil and Gas is staking it’s claim on the curve bit market by utilizing decades of bit design experience with accurate, predictive simulation software to target what directional companies and operators need most: consistent, controllable bits in the curve. ...»

Tata Steel wins pipe contract for North Sea project

Tata Steel has secured a contract to provide high frequency induction (HFI) line pipe for an oil and gas project north-east of Shetland in the UK North Sea. ...»

ConocoPhillips submits re-development plan for Tor field

On behalf of the licensees, operator ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of Tor field, in the Greater Ekofisk area in the North Sea. ...»

Aker BP discovers oil at Frosk, west of Stavanger

Aker BP ASA, operator of production license 340, has finalized the results after drilling wildcat well 24/9-15 S (Froskelår Nordøst) and appraisal well 24/9-15 A. ...»

New discovery expands natural gas resource potential offshore Mauritania, Senegal

Kosmos Energy has announced that the Greater Tortue Ahmeyim-1 well (GTA-1), drilled on the eastern anticline within the unit development area of Greater Tortue, has encountered approximately 30 m of net gas pay in high-quality Albian reservoir. ...»

Saudi Arabia and Russia aren’t feeling OPEC’s market-share pain

OPEC may be losing its share of the global oil market, but not all losses are spread equally. ...»

Government report confirms that U.S. output topped 12 MMbpd for first time in April

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. ...»