Five months after energy cyber attack, U.S. pushes collaboration

With hacking attacks mounting against U.S. energy companies, guarding the sector will be a top priority for a new cybersecurity effort, Homeland Security Secretary Kirstjen Nielsen said on Tuesday. ...

Northern Oil and Gas buys Williston basin assets in its largest acquisition to date

Northern Oil and Gas, Inc., has announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history. At closing, the acquisition will represent approximately 6,750 boed of production and 10,600 net acres in the core of the Williston basin. ...

Lukoil installs wellhead platform substructure at Vladimir Filanovsky field

Lukoil completed transportation and started installation of the substructure for the wellhead platform (mini offshore ice-resistant fixed platform) at Vladimir Filanovsky field, in the Caspian Sea. ...

Shell Brazil invests in solution for inspecting FPSO tanks

Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection of cargo oil tanks of FPSOs. ...

Fairfield Geotechnologies wins two processing contracts in core areas

Fairfield Geotechnologies proudly announces that it has been awarded two significant processing projects in core areas. ...

Oil drives Canada's fastest economic growth spurt in a year

Canada’s economy grew at the fastest pace in a year with gains led by crude oil, further evidence of a solid expansion even as trade tensions with the U.S. remain a threat. ...

OPEC producer taps banks for $1.1-billion loan in shale push

Kuwait Foreign Petroleum Exploration Co. is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, CEO Sheikh Nawaf Saud Al-Sabah said. ...

BP boosts profit as it seeks to prove merits of BHP shale deal

BP churned out more profit than expected in the second quarter, offering reassurance to investors about its financial strength after announcing its biggest deal in almost two decades. ...

Oil trades near $70 as supply risks mount from Saudi to the UK

Oil was steady near $70/bbl as supply risks from Saudi Arabia to the UK threaten to strain global markets. ...

BP makes small oil trading loss as Permian bottlenecks bite

BP reported a small and unusual loss from oil trading after being caught on the wrong side of Permian basin pipeline bottlenecks that prompted gyrations in U.S. crude prices this year. ...

Oil edges higher as U.S. auto proposal counters bearish rig data

Oil edged higher near $69/bbl on prospects a U.S. overhaul of car efficiency rules will increase fuel consumption, countering concerns over potential gains in American supply. ...

Keystone XL's new path gets positive environmental review

TransCanada Corp.’s proposed Keystone XL oil pipeline won a relatively positive review from the U.S. State Department, which found that the conduit’s approved route would have no significant environmental impacts. ...

Mexico's next president promises Pemex investment, names new CEO

Mexico’s incoming president named a new chief executive officer for Pemex and promised government investment of 75 billion pesos ($4 billion) in the oil sector, in a bid to revive the state-owned oil company. ...

Savannah Petroleum spuds Eridal-1 well, in Niger's Agadem basin

Savannah Petroleum PLC, the West African focused British independent oil and gas company, this morning announces that the fourth well in its current Niger drilling campaign, Eridal-1, was spudded on July 27, 2018. Eridal-1 is located on the R3 portion of the R3/R4 PSC Area in the Agadem basin, south east Niger. ...

Novatek spuds first well at North-Obskiy license area, in Ob Bay

PAO NOVATEK announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area, in the shallow waters of the Ob Bay. The initial well is drilled using a jackup floating drilling rig, Amazon, leased from Gazprom flot. ...

Petrobras announces start of binding phase for sale of onshore concessions

Petrobras, following up on the disclosures made on 09/22/2017 and 03/02/2018, informs the beginning of the binding phase related to the full sale of its exploration, development and production rights in onshore fields of SergipeTerra 2 Cluster, located in Sergipe state. ...

Total starts producing at the Ichthys LNG project, offshore Australia

The Ichthys LNG Project reached a major milestone on July 27, with the opening of the first offshore production well, marking the start of 40 years of operations of this gas and condensate field. ...

DNO exceeds production target at Peshkabir field, in Iraq

DNO ASA, the Norwegian oil and gas operator, has announced that a fourth well has been put on production at Peshkabir field in the Kurdistan region of Iraq, pushing total output past the previously published target of 30,000 bopd. ...

Crude rises after fourth weekly decline as supply risks persist

Oil rose in New York after a fourth weekly decline as a weaker dollar boosted the appeal of commodities and concerns over global supply disruptions persisted. ...

Texas oil and gas EandP economy continues to rebound, says Texas Alliance economist

Mirroring the movement of oil prices over the last several years, the Texas Petro Index has recovered from its low point of May 2016 and continues to move upward, said Texas Alliance of Energy Producers economist Karr Ingham. ...

URTeC 2018: Veteran expert says PRMS may be better reserves reporting method than SEC

After modernization of the SEC’s reserves reporting requirements in late 2008, many folks in the U.S. oil and gas industry would have expected that the SEC and PRMS (Petroleum Reserves Management System) systems would classify, characterize and estimate reserves in a broadly consistent way, save for some obvious differences, such as prices and costs used in evaluations and some potential interpretation issues. However, this has not necessarily been the case. ...

Halliburton introduces MicroScout Plus Service

Halliburton Company introduced MicroScout Plus Service , an offering designed to take hydraulic fracturing, and microfracture stimulation, to the next level by reaching and effectively stimulating secondary microfractures too small to be propped using conventional frac sand. ...

TGS, PGS announce Lewis Hills 3D multi-client project offshore East Canada

TGS and PGS announce the commencement of a new 3D multi-client project in East Canada. The Lewis Hills 3D Geostreamer survey will cover approximately 3,400 km² in an active Newfoundland area of the Flemish Pass basin. ...

Angola’s major deep offshore Kaombo project comes on stream

Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, located on Block 32, 260 km off the coast of Luanda. ...

Lukoil drills first production well in the eastern part of Yury Korchigan field

Lukoil has announced the completion of drilling of the first production well from the wellhead platform at Yury Korchagin field, in the Caspian Sea. The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field. ...

Exxon, Chevron punished by shareholders as profits disappoint

Investors battered the shares of America’s two biggest oil explorers after Exxon Mobil Corp. and Chevron Corp. posted disappointing earnings, failing to fully capitalize on rising oil prices. ...

Oil heads for a fourth weekly drop as trade war fears linger

Oil was poised for a fourth weekly decline as the unexpected halt in Saudi shipments through a Red Sea waterway failed to add a significant risk premium to prices, while concerns lingered over how the U.S.-China trade spat will affect demand. ...

World Oil announces agenda for HPHT 2018

World Oil has released the technical agenda for the 13th annual High–Pressure, High–Temperature Drilling, Completions and Production Conference. ...

President Energy provides update on Puesto Flores/Estancia Vieja Concession in Argentina

President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, provides an update in relation to its workover programme at the Puesto Flores/Estancia Vieja Concession (the Concession) in Rio Negro Province, Argentina. ...

Exxon misses on profit as output hits lowest level in decade

Exxon fell short of profit expectations, underscoring the need for the oil major to ramp up projects. ...

BP’s biggest deal since 1999 scores prized BHP shale assets

BP agreed to pay $10.5 billion for most of BHP Billiton’s onshore U.S. oil and natural gas assets, including in the Permian basin. ...

Chesapeake to exit Ohio shale gas in $2-billion divestment

Chesapeake Energy Corp. agreed to sell its Utica Shale assets in Ohio to closely held Encino Acquisition Partners for about $2 billion as the U.S. natural gas giant whittles down its debt and streamlines operations. ...

Europe to become "massive" buyer of U.S. LNG, Trump says

Europe will build more terminals to import U.S. liquefied natural gas, the head of the European Commission told U.S. President Donald Trump during a meeting aimed at averting a transatlantic trade war. ...

Pesky supply and demand law hinders Trump's European gas dream

The U.S. will become a massive seller of liquefied natural gas, but President Donald Trump’s “massive buyer” will likely be Asia, not Europe. ...

Suncor cash flow soothes investor concerns over Syncrude outage

Suncor Energy Inc. managed to largely allay investors’ concerns over the most recent production problem at its massive Syncrude facility by highlighting its increasing cash flow and returning more of those funds to shareholders. ...

TechnipFMC awarded subsea contract for Australia's Gorgon development

TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia in water depths ranging from 250 to 1,340 m. ...

Major’s cash-flow surge leaves investors wanting more

After enduring the worst downturn in a generation, a surge in crude prices meant investors in major companies dared to dream of a new “golden age” of profitability. So far, reality doesn’t have quite the same luster. ...

Saudis suspend oil shipments via Bab el-Mandeb after attack

Saudi Arabia temporarily halted oil shipments at the southern tip of the Red Sea, after it said two tankers were attacked by Yemen’s Houthi militia. ...

Shell starts long-awaited buybacks even as profit misses

Shell gave investors the share buybacks they’ve been demanding, even as profit fell short of expectations despite resurgent crude prices. ...

Total raises production target as oil rally propels earnings

Total raised its production target for the second time this year, accelerating its emergence from an oil-market slump as rising prices deliver a surge in profit. ...

Crude rises as shrinking U.S. stockpiles signal tightness

Oil rallies after a brief lull as plunging crude and gasoline inventories in the world’s biggest economy heightened supply concerns. ...

Halliburton acquires Athlon Solutions Chemicals

Halliburton acquired Athlon Solutions, a provider of specialty water and process treatment chemicals and customized engineering solutions. Athlon will become part of the Halliburton Multi-Chem business line. ...

Steel tariff adds $40 million tax to energy pipeline project

The Trump Administration should exempt from its tariffs materials needed to build energy pipelines, allow steel orders already made to stand unchallenged and limit further levies until companies can get steel made in the U.S. to the precise specifications needed. ...

Exxon’s giant Guyana discovery may be just the start

Exxon Mobil increased its estimate for a giant offshore oil discovery in Guyana by 25%, but it may just be the beginning. ...

Oil gains as U.S. inventory drop adds to China stimulus optimism

Oil extended gains near $69/bbl as U.S. industry data showed a decline in crude as well as fuel stockpiles, and investor optimism grew after China unveiled stimulus measures that’s likely to boost demand for commodities. ...

Russian oil getting ready for biggest tax overhaul in 20 years

Russia is preparing the most radical shakeup of its oil-tax system since 1999. The changes will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead. ...

Saudis ship U.S. oil to Taiwan as China shuns American crude

Saudi Arabia is shipping U.S. crude produced in the Gulf of Mexico to Asia at a time when No. 1 buyer China is snubbing American cargoes. ...

Analyst tells URTeC breakfast gathering to expect big U.S. production gains

Walking into one of three URTeC topical breakfast rooms on Tuesday morning, attendees had a fairly good sense of what the speaker was going to say, given that the topic was “Industry Poised for Growth or Prudence?” ...

'Dangerous Heat’ sends California gas prices to 10-yr high

Natural gas prices in Southern California surged to the highest in almost a decade as blistering heat kept air conditioners on full blast, stoking demand for the power-plant fuel. ...

Industry leaders voice thoughts on unconventional technology trends to full house at URTeC

It didn’t take long on Monday for officials at the Unconventional Resources Technology Conference (URTeC) in Houston to realize that attendance at the event will far exceed their expectations, with some technical session rooms swamped beyond capacity. ...

Cuadrilla granted final hydraulic fracturing consent for first horizontal shale gas well

Cuadrilla has today received final hydraulic fracture consent from the Department for Business, Energy and Industrial Strategy (BEIS) for its first horizontal shale gas exploration well at its Preston New Road site in Lancashire. ...

Exxon faces Russian clash as Rosneft files $1.4 billion claim

Exxon Mobil faces a legal clash with Russian oil giant Rosneft over its largest energy project in the country, with a potential liability of more than $400 million. ...

Trump seeks to repeal California’s smog-fighting power

The Trump administration will seek to revoke California’s authority to regulate greenhouse gas emissions in a proposed revision of Obama-era standards. ...

Trump to seek repeal of California’s smog-fighting power

The Trump administration will seek to revoke California’s authority to regulate greenhouse gas emissions in a proposed revision of Obama-era standards. ...

Oil advances as U.S. surplus near 3-year low takes center stage

Crude rose on expectations that U.S. oil inventories already close to a 3-year low continue to shrink. ...

Oil trades near one-month low as trade war risks hurting demand

Oil traded near the lowest level in a month as concerns that economic turmoil could slow global demand outweighed expectations for a seasonal decline in U.S. crude stockpiles. ...

SDX Energy reports gas discovery at SD-3X, in Egypt's South Disouq

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its SD-3X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator). ...

Carnarvon Petroleum JV evaluates Australia's Dorado-1 discovery

Carnarvon Petroleum Limited confirms that the Quadrant-Carnarvon Joint Venture has completed additional wireline evaluation since the last update, on July 18. The results have confirmed the oil discovery in the Caley Member and have confirmed the presence of gas and condensate in the top of the Baxter Member that was drilled into to enable the evaluation of the Caley Member. ...

Trump’s war of words with Iran shines spotlight on vital oil route

The war of words between U.S. President Donald Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30% of the world’s seaborne-traded crude. ...

ExxonMobil increases estimate for Guyana’s Stabroek Block to 4 Bbbl

ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion boe. ...

No dodging the oil bullet as emerging economies risk demand hit

Being an emerging-market economy can be tough when oil prices surge and your currency crumbles. ...

Petro River discovers largest oil field in the company’s history

Petro River Oil Corp., an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, announced today the discovery of its largest oil field with the successful drilling of the Arsaga 25-2 exploration well in Osage County, Okla. ...

IWCF launches free training initiative to cut human error in oil and gas incidents

A new training initiative to help prevent oil and gas incidents by focusing on human behaviors has been launched free to industry by the International Well Control Forum (IWCF). ...

Unconventional resource teams are “all hands on deck” at URTeC 2018

The adoption of new technologies for enhanced oil recovery (EOR), and its impact on America’s growing shale sector, was a primary topic of discussion during Monday’s plenary session at the Unconventional Resources Technology Conference (URTeC) in Houston, Texas. ...

Majors raking in cash so investors are asking: Now what?

The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. ...

Fairfield Geotechnologies awarded Z700 project in the Persian Gulf

Fairfield Geotechnololgies will begin an extensive Z700 acquisition project in the Persian Gulf, beginning December 2018 ...

Hi-Crush acquires FB Industries for $60 million

Hi-Crush has entered into an agreement to acquire FB Industries, a manufacturer of silo-based frac sand management systems for $60 million. ...

Colorado’s leap into the shale boom sparks a ballot box threat

For Colorado shale drillers, 2018’s been a record-setter for pumping oil and natural gas. It may also end up a banner year for the industry’s political foes. ...

Reveal Energy Services enhances IMAGE Frac technology for complex pad operations

Reveal Energy is enhancing IMAGE Frac pressure-based fracture maps with a new platform that uses parallel processing with algorithms to determine fracture geometry for large, complex pad operations in multiple zones. ...

Trump’s war of words with Iran shines spotlight on vital oil route

The war of words between U.S. President Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the conduit for about 30% of the world’s seaborne-traded crude. ...

ExxonMobil increases estimate for Guyana’s Stabroek Block to 4 billion bbl

ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion boe. ...

Halliburton tumbles as fracing giant sees second-half slowdown

Halliburton plunged the most in almost three years after warning that second-half profits will suffer on a slowdown in the Permian shale and other parts of the U.S. ...

Mozambique's $49 billion LNG plan stokes anxiety in north

A giant refrigerator will replace the village Jonas Alide Saide has called home for 70 years and he’s not happy about it. ...

Shell secures exploration acreage offshore Mauritania

Shell signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in offshore blocks C-10 and C-19. ...

Oil rises as U.S.-Iran tensions counter concern over trade spat

Oil rose to $69/bbl as flaring tensions between the U.S. and Iran countered growing concerns that trade protectionism will harm economic growth. ...

Snow flurries in July signal more work for Europe's LNG ports

On a hot sunny day in July, Europe’s largest port is busy loading super-chilled liquefied natural gas onto a tanker, creating snow flurries during a heat wave. ...

Fairfield Geotechnologies awarded Z700 project in the Persian Gulf

Fairfield Geotechnololgies will begin an extensive Z700 acquisition project in the Persian Gulf, beginning December 2018 ...

Reveal Energy Services enhances IMAGE Frac technology for complex pad operations

Reveal Energy is enhancing IMAGE Frac pressure-based fracture maps with a new platform that uses parallel processing with algorithms to determine fracture geometry for large, complex pad operations in multiple zones. ...

Halliburton tumbles as fracing giant sees second-half slowdown

Halliburton plunged the most in almost three years after warning that second-half profits will suffer on a slowdown in the Permian shale and other parts of the U.S. ...

Hi-Crush acquires FB Industries for $60 million

Hi-Crush has entered into an agreement to acquire FB Industries, a manufacturer of silo-based frac sand management systems for $60 million. ...

Colorado’s leap into the shale boom sparks a ballot box threat

For Colorado shale drillers, 2018’s been a record-setter for pumping oil and natural gas. It may also end up a banner year for the industry’s political foes. ...

Reveal Energy enhances IMAGE Frac technology for complex pad operations

Reveal Energy is enhancing IMAGE Frac pressure-based fracture maps with a new platform that uses parallel processing with algorithms to determine fracture geometry for large, complex pad operations in multiple zones. ...

Trump’s war of words with Iran shines spotlight on vital oil route

The war of words between U.S. President Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the conduit for about 30% of the world’s seaborne-traded crude. ...

Halliburton tumbles as fracking giant sees second-half slowdown

Halliburton plunged the most in almost three years after warning that second-half profits will suffer on a slowdown in the Permian shale and other parts of the U.S. ...

ExxonMobil increases estimate for Guyana’s Stabroek Block to 4 billion bbl

ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion boe. ...

Halliburton announces strong Q2 results on North America land activity

Halliburton announced income from continuing operations of $511 million, or $0.58/diluted share, for the second quarter of 2018. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05/diluted share. ...

Mozambique's $49 billion LNG plan stokes anxiety in north

A giant refrigerator will replace the village Jonas Alide Saide has called home for 70 years and he’s not happy about it. ...

Shell secures exploration acreage offshore Mauritania

Shell signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in offshore blocks C-10 and C-19. ...

Oil rises as U.S.-Iran tensions counter concern over trade spat

Oil rose to $69/bbl as flaring tensions between the U.S. and Iran countered growing concerns that trade protectionism will harm economic growth. ...

Snow flurries in July signal more work for Europe's LNG ports

On a hot sunny day in July, Europe’s largest port is busy loading super-chilled liquefied natural gas onto a tanker, creating snow flurries during a heat wave. ...

Trump’s trade war casts a long shadow over LNG shipping boom

The booming market for liquefied natural gas can weather an escalating U.S.-China trade war. But the risks are mounting. ...

Iran warns Trump not to threaten country's oil exports

Iran’s president warned his U.S. counterpart Donald Trump not to threaten the Persian Gulf nation’s oil exports and called for improved relations with its neighbors, including arch-rival Saudi Arabia. ...

TGS announces expansion of onshore seismic project in Canada

TGS announces expansion of its 2018 onshore seismic survey Dawson Phase II in Canada. ...

Lukoil takes FID on Rakushechnoye project, in the Caspian Sea

Lukoil took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. ...

Oil set for weekly drop as Trump issues new trade threats

Oil headed for a third weekly loss amid concern escalating trade rows would undercut energy demand, undermining reassurances from Saudi Arabia that it won’t flood global crude markets. ...

Shell in talks to sell $2-billion Nigeria oil assets

Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. ...

Saudis pump more oil for Trump, then doubt if it's needed

Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production -- only to discover that global markets might not yet need it. ...

Schlumberger, Baker Hughes cruise oil exploration "upcycle"

Schlumberger Ltd., the world’s biggest oilfield services company, and No. 3 Baker Hughes have their sights set in different directions as they move into the second-half of 2018. ...

China chasing elusive shale boom nearly a decade after hunt began

China’s shale gas industry began with a long shot. ...

New York's global warming suit against oil companies tossed

A U.S. judge threw out New York’s suit seeking to hold five of the world’s biggest oil companies financially responsible for contributing to climate change. ...

Rainforest reserve may be opened in Congo oil search

The Democratic Republic of Congo is considering whether to open up swathes of two world-famous national parks to oil exploration. ...

Henderson opens new service center in Odessa, Texas

Henderson, drilling rig and capital drilling equipment sales and service provider, has opened a new service center in Odessa, Texas, to expand its service capabilities. ...

Crude advances as Saudi Arabia dismisses oversupply speculation

Crude pushed higher after Saudi Arabia pledged not to flood world markets with oil. ...

Oil's hired hands are looking beyond shale to an overseas "boomlet"

The world’s biggest oilfield-service companies may have finally found something to talk about beyond the U.S. shale boom. ...

Alba Mineral Resources completes Portland extended flow test

Alba has announced that it has been informed by Horse Hill Developments Ltd. (HHDL), the operator of the Horse Hill-1 (HH-1) Kimmeridge and Portland oil discovery, that the initial well "clean-up" phase of the Portland extended well test (EWT) programme has been completed according to plan. ...

TSE Petrofac JV secures PMC services contract in Turkey

Petrofac JV has secured a three-year, multi-million-dollar Project Management Consultancy (PMC) services contract in support of the BOTAŞ North Marmara Underground Gas Storage Expansion Project (Phase III) in Turkey. ...

Woodside exits Sempra's Port Arthur LNG development on low returns outlook

Woodside is walking away from Sempra Energy’s Port Arthur LNG gas export development in Texas, three years after joining the project, citing lower expected returns than would justify its investment. ...

LNG terminal poised to boost struggling Canadian gas producers

A LNG terminal in British Columbia will re-focus people on Canadian gas, according to the manager of $377 million in assets for Bank of Nova Scotia. ...

Woodside exits Sempra's Port Arthur LNG on low returns outlook

Woodside is walking away from Sempra Energy’s Port Arthur LNG gas export development in Texas, three years after joining the project, citing lower expected returns than would justify its investment. ...

Fairfield Geotechnologies finalizes Ikon Science JV

Fairfield Geotechnologies and Ikon Science have formally signed a joint venture (JV) agreement to offer complete geoprediction services to the oil and gas industry in North America. ...

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin. ...

Result of Arbitration between Tullow Oil and Kosmos Energy

Tullow Oil plc has announced that a panel of arbitrators has delivered an award in favor of Kosmos Energy Ghana HC (Kosmos) in relation to its dispute with Tullow Ghana Limited (Tullow). ...

Total and Tata Consultancy create a digital innovation center in India

Total and Tata Consultancy Services (TCS) have signed a partnership agreement to create a digital innovation center in India. Based in Pune in the State of Maharashtra, the center will explore disruptive technologies and solutions. ...

Seadrill provides update on West Leo early termination litigation

Seadrill Partners LLC has announced that Tullow Ghana Limited will not be appealing the English High Court ruling in favor of Seadrill Ghana Operations Limited. ...

ConocoPhillips reports exploration success in Alaska

ConocoPhillips has provided an update on its operating plan for Alaska, focusing on the company’s long history of creating value in the state and an ongoing commitment to invest in low cost of supply opportunities. ...

Eni and SONATRACH strengthen cooperation in the gas sector in Algeria

The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin. ...

M2 Subsea secures contract with Premier Oil

Global independent provider of ROV services, M2 Subsea, has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV). ...

Drillers burned off less natural gas in 2017, reversing a trend

Oil producers around the globe burned off less natural gas last year, reversing a trend that started in 2010 and sparked concern the emissions were contributing to climate change. ...

Diversity is in vogue again as oil investors see potential beyond shale

Suddenly, diversity is in again for the oil business. ...

OPEC said to seek legal strategy as U.S. pushes NOPEC bill

OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter. ...

Kidnappings in Libya pose risk to oil-supply growth

Just as Libya resumes oil exports from recently shuttered ports, an attack on its largest field is setting back progress yet again. ...

PG Flow Solutions to supply MEG package to Nova tie-back project

Rosenberg WorleyParson AS has awarded PG Flow Solutions subsidiary Calder Ltd. a contract to supply a MEG pump package to the Nova tie-back to Gjøa project. ...

Why investors don't care about crude's drop

Crude prices are down yet European oil companies are weathering the slump, signaling a change in fortunes for last year’s laggards. ...

Trump or cheap Iranian oil? Dilemma facing fastest growing user

The U.S. embargo on Iranian oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India will side with President Trump on trade, but lose cheap supplies and foreign exchange. ...

Why oil company investors don't care about crude's drop

Crude prices are down yet European oil companies are weathering the slump, signaling a change in fortunes for last year’s laggards. ...

Why investors in oil companies don't care about crude's drop

Crude prices are down yet European oil companies are weathering the slump, signaling a change in fortunes for last year’s laggards. ...

WoodMac: ICE announces futures contract based on Permian crude to Houston

Today, the Intercontinental Exchange Inc. (ICE), an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate (WTI) crude oil futures contract with physical delivery in Houston. ...

Cortec announces $2.5-million expansion of Port Allen facility

Cortec, a manufacturer of high-quality API chokes, valves and manifolds, and Louisiana Economic Development (LED) have announced a $2.5-million expansion of Cortec’s industrial coatings facility in Port Allen, La. ...

SGS and BHGE launch cooperation on predictive corrosion management

SGS and Baker Hughes, a GE company have announced a strategic alliance agreement (SAA) for the joint deployment and commercialization of BHGE’s real-time software and sensor-based predictive corrosion management (PCM) solution. ...

Iraq just exported most crude oil since November 2016

Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits. ...

Tullow's Kenya oil operations threatened as impasse endures

Tullow Oil Plc may shut down operations in northern Kenya in two weeks unless persistent issues with local residents, which threaten progress of the project, are resolved. ...

Colorado drillers fuel record oil output in rush to finish wells

Booming oil production in Colorado is fueling record output in the Niobrara basin that spans four states. ...

DNO announces a production increase at Peshkabir field, in Iraq's Kurdistan

DNO ASA, the Norwegian oil and gas operator, today announced a two-thirds increase in production from Peshkabir field--which is in the Tawke license, in the Kurdistan region of Iraq--to 25,000 bopd, following completion of the Peshkabir-4 well testing program. ...

Emerge Energy Services to open new frac sand terminal in British Columbia

Superior Silica Sands LLC, a subsidiary of Emerge Energy Services LP, has announced that it has signed an agreement with a third-party logistics provider, Torq Energy Logistics Ltd., to open a new frac sand terminal in Buick, British Columbia. ...

Weatherford releases new long-stroke pumping unit

Weatherford International plc announced the commercial release of a new Rotaflex long-stroke pumping unit that improves artificial-lift efficiency in challenging applications including deep, high-volume and high gas-to-liquids wells. ...

Fairfield Geotechnologies successfully completes Gulf of Mexico ocean bottom node survey

Fairfield Geotechnologies announces the successful completion in May 2018 of the Stampede deepwater ocean bottom node survey, located in the Green Canyon area of the Gulf of Mexico. ...

Goldman Sachs says U.S. political policy making oil volatile

U.S. political decisions are helping make volatility the new normal in the global oil market and muddying the outlook for prices, according to Goldman Sachs Group Inc. ...

Longshot oil riches draw wildcatters to the Utah desert

On hot days in Utah’s Uinta basin, rocks weep oil. Rivulets of black tar hint at the untapped riches within. Taken in hand, the stone crumbles, as warm and waxy as fresh asphalt. ...

Oil's double slump shows market roiled by week of bearish news

The oil market just performed a screeching U-turn. ...

EIA expects crude to average $73/bbl during second half of 2018, fall to $69/bbl in 2019

In the July 2018 update of its Short–Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $73/bbl in the second half of 2018 and $69/bbl in 2019. ...

Tidewater Inc., GulfMark Offshore announce $1.25-billion merger

Tidewater Inc. and GulfMark Offshore, Inc., have announced that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies. ...

SDX Energy announces production test results for South Disouq appraisal well

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a successful production test has been conducted at its SD-4X appraisal well at South Disouq, Egypt. ...

Providence Resources completes farm-out of FEL 2/14, offshore Ireland

Providence Resources, the Irish based Oil and Gas Exploration Company, has provided a license update on Frontier Exploration Licence (FEL) 2/14. ...

Trump says U.S. will compete with Russia for European gas market

U.S. President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism he’d levied in Europe last week. ...

Iraq says oil production remains stable amid protests

Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, according to a government spokesman. ...

Libya's biggest oil field set to cut output after kidnappings

Oil output at Libya’s biggest field is set to drop by about half after authorities evacuated staff and shut wells for safety following the armed abduction of several workers at the Sharara deposit, according to the state National Oil Corp. ...

Iran official urges Trump not to use U.S. strategic oil reserve

A senior Iranian oil official urged U.S. President Donald Trump not to use the nation’s Strategic Petroleum Reserve to push prices lower, and instead drop sanctions on Iran’s crude exports. ...

Norway oil strike escalates with limited supply impact

Norwegian drilling workers escalated a strike early Monday, with the impact on the country’s oil production expected to remain limited to one North Sea field in the short term. ...

PESA names new V.P. of Government Affairs

The Petroleum Equipment and Services Association (PESA) announced today that Tim Tarpley will serve as the group’s V.P. of Government Affairs. Tarpley will be based in Houston and report to Leslie Beyer, PESA President. ...

Crude falls on supply increase, U.S. weighs SPR release

Crude retreated below $70/bbl as Saudi Arabia is said to offer extra crude to some customers, while the U.S. will consider tapping emergency supplies to offset losses elsewhere. ...

Saudis offer extra oil in Asia as OPEC leader pumps more

Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in prices. ...

API says steel tariff exclusion rulings hurt American workers

API expressed disappointment in the administration’s latest action to deny exclusions from Section 232 tariffs on imported steel used in certain parts of oil and natural gas industry operations, a misguided decision that could impact American energy production and American jobs. ...

API says steel tariff exclusion rulings hurt American workers

API expressed disappointment in the administration’s latest action to deny exclusions from Section 232 tariffs on imported steel used in certain parts of oil and natural gas industry operations, a misguided decision that could impact American energy production and American jobs. ...

Maersk Drilling secures two contract extensions in the North Sea

Maersk Drilling has been awarded contract extensions for the high-efficiency jackup rigs Maersk Resolute and Maersk Resolve by Petrogas EandP Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea. ...

Iran touts Russia's plan to invest in its oil with sanctions looming

Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions. ...

Interior announces region-wide oil and gas lease sale for Gulf of Mexico

In support of President Donald J. Trump's America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. ...

API says steel tariff exclusion rulings hurt American workers, lack transparent process

API expressed disappointment in the administration’s latest action to deny exclusions from Section 232 tariffs on imported steel used in certain parts of oil and natural gas industry operations, a misguided decision that could impact American energy production and American jobs. ...

Full-scale development of Yamal’s Kharasaveyskoye field to start in 2019

Alexey Miller, chairman of the Gazprom Management Committee, held in Bovanenkovo (Yamal-Nenets Autonomous Area) a meeting on the pre-development project for the Kharasaveyskoye gas and condensate field and the gas transmission system. ...

Total acquires Engie’s LNG business, becomes world’s second largest LNG player

Total acquired Engie’s LNG assets for $1.5 billion. ...

Oil set for weekly loss on trade war fears, Libya supply return

Oil headed for a weekly loss as escalating trade tensions between the U.S. and China rattled investors, while Libya’s plans to restore output allayed fears of a supply crunch. ...

Russia says OPEC+ could boost oil supply more than pledged

OPEC and its allies could boost oil production by more than the 1 MMbpd agreed last month if needed. ...

Shale gas export projects said to face U.S. permit delays

Government approval of projects intended to export rising supplies of shale gas could be delayed by 18 months as the top energy regulator struggles with a backlog of permit requests, according to people familiar with the matter. ...

Oil celebrates 10th anniversary of record high with huge plunge

A decade ago, oil hit an all-time high in New York. What better way to celebrate than with a massive selloff? ...

PetroShale announces $55-million deal in the North Dakota Bakken

PetroShale Inc. has announced that it has entered into an agreement with an independent oil and gas company to acquire high-quality, light oil-weighted assets in the core of its focus area in the North Dakota Bakken. ...

LNG Canada nearing approval of LNG facility, servicers say

The prospects for a massive gas export plant on Canada’s Pacific Coast are looking bright, according to executives of service companies that would have a hand in supporting the facility. ...

Saudi Arabia pledges to invest $10 billion in South Africa

Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy. ...

Maersk supply service completes tow of semi-submersible

Maersk Supply Service has successfully completed the tow of a semi-submersible from Las Palmas to North-Western Australia. The tow was carried out by new-build Anchor Handling Tug Supply vessel Maersk Master of the Starfish series, whose energy efficient design minimized fuel costs during transit. ...

OPEC output may be stretched to limit by supply crises, IEA says

OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said. ...

ADES International acquires onshore drilling operations from Weatherford

ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has announced that it has signed a definitive agreement with Weatherford International for the acquisition of 31 onshore drilling rigs for a purchase price of $287.5 million. ...

Crude's bull run made this oil-sands producer Canada's top stock

For any investor who was looking to gain from rising oil prices, there may not have been a better way to play the recent bull run than MEG Energy Corp. ...

Oil pares losses after biggest U.S. crude stock draw since 2016

Crude pared losses after a government report showed the biggest decline in domestic crude inventories since September 2016, yet fears of an escalating trade war with China overshadowed the drop. ...

Oil patch has fastest-rising rent in U.S.

Want to rent an apartment near the biggest U.S. oil patch? It’ll cost you. ...

Nigeria takes first step in $12 billion LNG expansion plan

Nigeria is taking its first steps to expand its LNG capacity by a third, outlining a $12 billion program to keep up with the world’s biggest producers. ...

Trump and Merkel exchange barbs in showdown over Russia’s pipeline

Donald Trump and Angela Merkel traded barbs at a NATO summit as Trump blasted Germany over its support for a gas pipeline from Russia. ...

Trump’s OPEC tweets have Putin preparing for oil talks

When Russian President Putin meets Donald Trump next week, he’ll be armed to discuss oil production following the U.S. leader’s series of tweets targeting OPEC. ...

Nanotera launches plant based surfactants for the oil industry

Nanotera has introduced plant-based solutions to replace chemical and hazardous products in the oil and gas industry. ...

Element opens new oil and gas laboratory in Singapore

Element Materials Technology has opened a new laboratory in Singapore, servicing the oil and gas sector. ...

Libya's eastern oil exports to resume on ports deal

Libya’s eastern oil ports will resume shipments after the state energy producer regained control of the terminals following clashes in the region last month. ...

Oil falls as trade war escalates

Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire. ...

Savannah announces third oil discovery in Niger

Savannah Petroleum announce its third consecutive discovery in the R3/R4 PSC Area, southeast Niger. ...

Oil falls as trade war escalates, Libya plans to resume supply

Oil fell toward $73/bbl in New York after U.S. President Donald Trump escalated a trade war with China, heightening fears that global economic growth could be caught in the cross-fire. ...

U.S. said to meet Saudi leaders to discuss Iran oil sanctions

U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets. ...

OPEC sees rival supplies growing most in five years in 2019

OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the U.S. alone sufficient to meet the growth in global demand. ...

Trade war turmoil could leave energy unscathed, Husky CEO says

The energy industry is one of the safest sectors to be in as U.S. President Donald Trump instigates a global trade war, Husky Energy Inc. CEO Rob Peabody said. ...

U.S. is set to become world's top oil producer, government says

The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play. ...

OGA launches 31st UKCS Offshore Licensing Round

The Oil and Gas Authority (OGA) has launched the 31st Offshore Licensing Round, offering blocks in frontier areas of the UK Continental Shelf (UKCS), supported by government-funded data to stimulate interest in these under-explored basins and assist companies in their activities. ...

Echo Energy reports notable gas column at fourth well of Argentina drilling campaign

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful completion of drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite. ...

Petro Matad spuds Snow Leopard-1 well in Mongolia

Petro Matad, the AIM quoted Mongolian oil explorer, has advised that the Snow Leopard-1 well (Petro Matad 100%) in the Taats basin of Block V spudded on July 9, 2018. ...

Oil strike in Norway shuts Shell field as escalation looms

A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. ...

EIA: China is a key destination for increasing U.S. energy exports

In recent years, as its domestic energy consumption has grown, China has become a more significant destination for U.S. energy exports. In particular, China has been among the largest importers of U.S. exports of crude oil, propane, and liquefied natural gas. ...

OPEC says it's doing best to supply market, but won't overdo it

OPEC and its allies are doing what they can to offset crude output shortfalls that have kept global supplies tight and prices high, but they don’t want to overdo it. ...

U.S. allies starved of Iran oil even before Trump's deadline

Iranian oil shipments to some U.S. allies are being threatened even before America’s Nov. 4 deadline for buyers to curb imports and comply with renewed sanctions on the OPEC member. ...

Worthless just two years ago, West Texas sand now brings in billions

Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. ...

Canadian oil supplies to stay tight with Syncrude down for weeks

Canadian crude supplies may remain tight in the coming weeks as Suncor Energy Inc. works to bring its massive Syncrude oil-sands operation back online, a process that the company said won’t be completed until September. ...

Permian pinch spurs pipeline binge, and fears of overbuild

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open. ...

Petroteq provides update on progress at Asphalt Ridge facility in Utah

Petroteq's Asphalt Ridge Facility, a company focused on the development and implementation of proprietary technologies for the energy industry, has updated investors on the progress at its oil extraction facility in Asphalt Ridge, Utah. ...

Eni announces submission of Rovuma LNG Phase 1 development plan

Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. ...

Eni announces second oil discovery in Egypt's Faghur basin

Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 km North of the oasis of Siwa. ...

A/S Norske Shell drills dry hole southwest of Knarr field

A/S Norske Shell, operator of production license 373S, has completed the drilling of wildcat well 34/5-2 S. The well is dry. ...

U.S. oil sellers may look to India as tariff war with China escalates

American oil producers may find a new friend in India as they brace for a trade war with China that could curb U.S. shipments. ...

BP is front-runner to buy BHP's U.S. shale unit

BP Plc has emerged as the front-runner to buy BHP Billiton Ltd.’s onshore oil and gas operations in the U.S., according to a person familiar with the matter. ...

Nexans wins major subsea umbilical contract from Equinor for Troll Phase 3 development

The Troll oil and gas field is the most prolific field on the Norwegian continental shelf (NCS), with more than half of its reserves still remaining after over 20 years of production. ...

Libya oil chief warns output to drop every day as ports halted

Libya’s oil output will keep dropping day by day if major ports remain closed after clashes last month led to a political deadlock, the head of the country’s state energy producer said. ...

Shell ramps up in Kitimat, raising Canada’s $30 billion LNG hopes

Activity in a remote Canadian town is raising optimism that Shell is ready to start work on its $30 billion LNG terminal that could increase energy exports to Asia. ...

U.S. oil could soon help set the Brent crude price

SandP Global Platts, the company that sets the key price of Brent crude, is contemplating the eventual incorporation of U.S. oil to help calculate one of its newest European benchmarks, a sign of just how much America’s booming exports are reshaping global energy trading. ...

Oil exploration expands in U.S. with crude reaching $75

Oil explorers deployed more rigs in the U.S. this week as crude prices breached $75/bbl for the first time since 2014. ...

Prosafe, Aker BP ink contract for accomodation support at Ula platform

Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea. ...

Hurricane Energy concludes well completion operations at Lancaster EPS

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an operational update in relation to the Early Production System development of the Lancaster Field (Lancaster EPS). ...

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas. ...

Ecopetrol announces new oil finding at Cundinamarca, Colombia

Ecopetrol reports that Búfalo-1 well confirmed the presence of oil in the Valle Medio del Magdalena, located near the town of Guaduas, Department of Cundinamarca. ...

Law firm WFW advises OMV on €158 million disposal of Pakistani subsidiaries

Watson Farley and Williams (“WFW”) has advised OMV on the completion of its sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €158 million. ...

Gazprom and PetroVietnam hold talks on joint ventures, future growth

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, chairman of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow. ...

Petrolia Energy acquires interest in oil and gas properties in Southwest Canada

Petrolia Energy Corporation is pleased to announce that it has acquired a 25% working interest in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada. ...

There are fears about an oil spike above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein and Co. ...

Scott Pruitt resigns as EPA chief

Scott Pruitt has resigned as administrator of the Environmental Protection Agency after a deluge of controversial revelations about his spending, travel and a condo rental that prompted Republican lawmakers to distance themselves and question his continued effectiveness. ...

Saudis tell OPEC June output jumped to 10.5 MMbopd

Saudi Arabia told OPEC it pumped about 10.5 MMbopd last month as the kingdom sought to cap rallying prices by ramping up output, according to people familiar with the matter. ...

Aker BP boosts digitalization agenda with Resoptima

Aker BP has entered a three-year cooperation agreement with Resoptima for the incorporation of Resoptima’s software solutions into Aker BP’s digitalization effort within reservoir management. ...

Eni completes development of the largest producing offshore gas field in Libya

National Oil Corporation (NOC) and Eni announce that Mellitah Oil and Gas, Eni and NOC joint venture company (50/50), has started production from the first well of the offshore Bahr Essalam Phase 2 project. This comes just three years after the final investment decision. ...

Equinor announces approval of Snorre Expansion Project

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Snorre Expansion Project. ...

Trade tensions loom over world’s fastest-growing fossil fuel

The world’s fastest growing fossil fuel is bracing for a direct hit from increasing global trade tensions. ...

APICORP concludes successful exit of National Petroleum Services

The Arab Petroleum Investments Corporation (APICORP) announces that it has completed the sale of its 29% equity investment in National Petroleum Services (NPS) to National Energy Services Reunited Corporation. ...

Spirit Energy Norge completes Fogelberg appraisal wells

Spirit Energy Norge AS, operator of production licence 433, has completed the drilling of appraisal wells 6506/9-4 S and 6506/9-4 A on gas and condensate discovery 6506/9-2 S (Fogelberg). ...

APICORP concludes successful exit of National Petroleum Services (NPS)

The Arab Petroleum Investments Corporation (APICORP) announces that it has completed the sale of its 29% equity investment in National Petroleum Services (NPS) to National Energy Services Reunited Corporation. ...

Tehran taunts Trump, telling him his tweets drive up oil prices

The Islamic Republic’s OPEC governor, Hossein Kazempour Ardebili, said tweets by Iran’s nemesis in the White House are backfiring, by sending prices higher, and undermining U.S. allies. ...

Spirit Energy Norge completed Fogelberg field drilling of appraisal wells

Spirit Energy Norge AS, operator of production licence 433, has completed the drilling of appraisal wells 6506/9-4 S and 6506/9-4 A on gas and condensate discovery 6506/9-2 S (Fogelberg). ...

Iran threatens to stop exports from the Strait of Hormuz

Iran will stop oil exports from the Strait of Hormuz, the world’s most important oil chokepoint, if the U.S. succeeds in halting crude sales from the Persian Gulf nation, a Revolutionary Guards official said. ...

Lundin identifies additional resource potential at Edvard Grieg field

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has successfully completed the PDO development drilling program at its operated Edvard Grieg field on the Utsira High, in the Norwegian North Sea. A significant reserves upgrade and extension of the production plateau have been made since the PDO, with additional resource potential identified in the area. ...

Eni starts gas production from OCTP Project, deep offshore Ghana

Eni has started gas production from Sankofa field in the Offshore Cape Three Points (OCTP) Integrated Oil and Gas Project, in Ghana, on schedule during the past weekend. ...

Equinor aligns partnership in Brazil’s Carcará area

Equinor and Barra Energia have signed an agreement for Equinor to acquire Barra’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. ...

BP to increase share in UK’s giant Clair field, sell interest in Alaska’s Kuparuk field

BP has announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in Clair field, a core asset of BP’s North Sea business in the UK. ...

C-Kore Systems awarded contract with A/S Norske Shell

C-Kore Systems recently secured a contract with A/S Norske Shell for a deployment in the fall 2018 on their Draugen field in Norway. ...

Russian oil faces next challenge now that OPEC deal is complete

Russia’s deal with OPEC on crude supply is starting to look straightforward -- when compared with looming decisions on how taxes will be levied on the nation’s oil industry into the next decade. ...

Mexico oil hedge expected to continue with president-elect, adviser says

Mexico’s new government will probably continue hedging the country’s oil output in what is the world’s largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador. ...

Canadian oil set for steady gains with transport woes abating

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and U.S. refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. ...

Jordan pipeline for Israeli gas set for completion by end of 2019

A pipeline to transport $10 billion worth of natural gas over 15 years from Israel’s Leviathan field into Jordan will be completed by the end of 2019, according to the company buying the fuel. ...

Iran resorts to barter for crude again as sanctions loom

Iran said it’s open to resuming barter payments for oil as U.S. sanctions threaten its access to the global financial system, reviving a method used during a previous wave of sanctions earlier this decade. ...

Court orders Tullow Ghana to pay $254 million to Seadrill

Tullow Oil plc announces that a judgment in the English Commercial Court case brought against its wholly owned subsidiary Tullow Ghana Limited by Seadrill Ghana Operations Limited has been received. ...

Oil slips after briefly breaching $75 for first time since 2014

Crude oil fell from its highest level in more than three years in New York on prospects for accelerating supply and as traders curbed bullish bets before tomorrow’s public holiday. ...

Halliburton secures field assessment, well construction contract from OKEA

OKEA AS and Halliburton have announced the companies have signed a well construction services agreement to implement Halliburton Landmark’s full suite of software in the iEnergy cloud and field development planning services for all OKEA fields in the Norwegian Continental Shelf (NCS). ...

Eni Norge and Point Resources merge to become Vår Energi AS

Italy based energy company Eni and leading private equity investor HitecVision are pleased to announce an agreement to merge Point Resources AS into Eni Norge AS, and renaming the company Vår Energi AS. ...

Pakistani envoy says boosting U.S. gas imports key to trade ties

Pakistan Ambassador Ali Jehangir Siddiqui said importing more U.S. natural gas is key to diversifying his nation’s energy supply while expanding trade relations. ...

Mexico's oil reforms expected to slow down with new government

The election of Mexico’s first left-wing president in recent decades is expected to slow the country’s march toward the creation of a private oil market, though not derail it. ...

Saudi, Russia reaffirm OPEC deal of MM-bbl oil boost

Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 MMbpd. ...

CNOOC signs production sharing agreement with Roc Oil and Smart Oil

CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation, has signed a production sharing contract with Roc Oil (Bohai) Company and Smart Oil Investment Ltd. for Weizhou 10-3W oilfield and Block 22/04 in the South China Sea. ...

SBM Offshore awarded contracts for Exxon's second Liza FPSO

SBM Offshore is pleased to announce that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited has awarded the company contracts to perform front end engineering and design for a second floating production, storage and offloading vessel for the Liza development located in the Stabroek block in Guyana. ...

Saudis weigh lure of higher oil prices as U.S. asks for more

Saudi Arabia will have to navigate a particularly delicate balance between chasing buyers and charging more for its crude when setting monthly prices for its biggest customers this week. ...

Court orders Tullow Ghana to pay $254 million in fees

Tullow Oil plc announces that a judgment in the English Commercial Court case brought against its wholly owned subsidiary Tullow Ghana Limited by Seadrill Ghana Operations Limited has been received. ...

Court orders Tullo Ghana to pay $254 million in fees

Tullow Oil plc announces that a judgment in the English Commercial Court case brought against its wholly owned subsidiary Tullow Ghana Limited by Seadrill Ghana Operations Limited has been received. ...

Abu Dhabi says it's ready to pump more oil under OPEC deal

Abu Dhabi said it’s ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand. ...

Cooler Atlantic may dash oil bulls' hopes this hurricane season

Energy and agricultural market bulls: Beware of a cooler Atlantic Ocean. ...

Free oil market to reign in Argentina, new energy minister says

Argentina’s move to a free market for energy prices remains on track. ...

BP announces start-up of Shah Deniz 2 in Azerbaijan

BP and its partners in the Shah Deniz consortium today announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey. ...

Saudis' biggest oil surge in five years barely steadies OPEC output

Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses elsewhere in the group piled up. ...

Anglo African Oil and Gas develops the Republic of the Congo

Anglo African Oil and Gas plc, an independent oil and gas developer, is pleased to announce the results of further work on the TLP-102 well on the Tilapia license in the Republic of the Congo. ...

ADNOC’s Al Yasat awards EPC contract of Bu Haseer field to NPCC

Al Yasat Company for Petroleum Operations, a subsidiary of the Abu Dhabi National Oil Company has awarded the Engineering, Procurement and Construction contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company. ...

India has "Plan D" for Iran oil as Trump adds sanction pressure

One of Iran’s biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state -- even if shipments stop completely. ...

Eco granted extension on Tamar Block, offshore Namibia

Eco (Atlantic) Oil and Gas Ltd. has announced that it has been granted a one-year extension to March 20, 2019, for the First Renewal Period of the PEL50 license, covering its offshore Tamar Block. ...

Clairiant enhances capabilities at Clinton, Oklahoma Facility

Clariant, a world leader in specialty chemicals, hosted a grand opening event for their new facilities based in Clinton, Oklahoma. ...

Hess Corp. announces $400-million sale of Utica shale acreage

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. ...

TechnipFMC awarded subsea contract for Total's Zinia 2 field, offshore Angola

TechnipFMC has been awarded a contract by Total EandP Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 m. ...

Oil falls from three-year high as Trump pushes Saudis to pump more

Oil fell from the highest level in three years after President Trump piled pressure on Saudi Arabia to increase output and tame prices. ...

Oil falls from 3-year high as Trump pushes Saudis to pump more

Oil fell from the highest level in three years after President Trump piled pressure on Saudi Arabia to increase output and tame prices. ...

Libyan oil output choked off as two more ports are out of action

Libya’s National Oil Corp. declared force majeure on another two oil ports, removing thousands more bbl from the market as global supply concerns put pressure on OPEC to ramp up production. ...

Ethnic tensions menace Mozambique natural gas boom

Islamist fighters have attacked the village of Mitumbate in northern Mozambique, near a gas-rich area 1,800 km northeast of the capital, Maputo. ...