Iran's oil exports slump to 2 1/2-year low before U.S. sanctions

Iran’s oil exports are tumbling again as the country’s key buyers in Asia take fewer cargoes in the weeks before U.S. sanctions take full effect. ...

Penn Virginia to begin auction process in September

Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter. ...

Reabold announces commercial discovery in California's West Brentwood area

Reabold, the oil and gas investing company, has announced that Integrity Management Solutions, contract operator of the company's California investments, has informed the company of a commercial hydrocarbon discovery at the Venturini-Ginochio #3 (VG-3) well within the West Brentwood license area. ...

Amerisur Resources spuds Pintadillo-1 well, in Colombia

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, has announced that the spudding of Pintadillo-1, in the central part of the Platanillo Block, using Rig D-10, occurred on Aug. 30, 2018. ...

Panoro Energy reports oil discovery at Dussafu, offshore Gabon

Panoro Energy has reported an oil discovery in the Ruche North East Marin-1 (DRNEM-1) well drilled in the Dussafu Marin PSC, offshore Gabon. ...

New Age spuds appraisal well on Cameroon's Etinde Block

Bowleven, the Africa focused oil and gas company traded on AIM, has announced the spud of the IE-4 appraisal well on the Etinde Block, Cameroon, by the block’s operator, New Age Cameroon Offshore Petroleum SA. ...

Total divests interest in Joslyn oil sands project in Alberta

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million. ...

NPD gives Equinor's Aasta Hansteen project the go-ahead

The Norwegian Petroleum Directorate has granted consent for start-up of the Aasta Hansteen facility in the Norwegian Sea. Operator Equinor plans to start production during the course of autumn 2018. ...

Oil rally doubles PetroChina’s profits

PetroChina is rewarding shareholders with a higher payout after its best half-year profit in more than three years. ...

Russian oil giants offer bright spot in sanction-hit economy

Russia’s oil companies are on a tear. The nation’s top crude producers more than doubled their combined profit in the first half. ...

Trump threatens WTO withdrawal "if they don't shape up"

President Donald Trump said he would pull out of the World Trade Organization if it doesn’t treat the U.S. better, continuing his criticism of a cornerstone of the international trading system. ...

Eni reports gas discovery in the Egyptian Obayed concession

Eni announces a gas discovery in the Egyptian Western Desert. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of the Melehia Concession. ...

ExxonMobil adds ninth discovery offshore Guyana

ExxonMobil has announced its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. ...

Maersk Drilling, Aker BP sign two-year contract to reactivate Maersk Reacher jackup

Maersk Drilling and Aker BP have agreed to a new two-year contract to reactivate and quickly deploy jackup rig Maersk Reacher in the Norwegian part of the North Sea. ...

Eastern Canada is finding new (non-U.S.) customers for its oil

Canada is finding new customers for its Newfoundland oil. ...

Crude oil advances amid signs of a tighter U.S. oil picture

Crude broke through $70/bbl for the first time in a month as shrinking stockpile levels in the U.S. combined with expectations of lower Iran exports point to tighter markets. ...

Oil seen getting $4/bbl boost on tough new ship-fuel rules

New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4/bbl when the measures come into effect in 2020, according to a Bloomberg survey of 13 oil industry analysts. ...

Trudeau's oil pipeline gamble faces major test in court ruling

The Trans Mountain pipeline, which Justin Trudeau’s government is purchasing from Kinder Morgan, faces a major test on Thursday as a court decides if the conduit’s long-awaited expansion can advance or gets delayed for years. ...

Iran says it will block Middle East oil exports if it can't ship

Iran will halt Middle East oil exports if it’s not allowed to ship its crude through the Strait of Hormuz. ...

BHGE releases field-proven permanent magnet motor

Baker Hughes, a GE company (BHGE), announced today the introduction of its Magnefficient permanent magnet motor (PMM), which enables operators to increase electrical submersible pumping (ESP) system efficiency, thereby lowering power requirements and overall lifting costs. ...

ELA Container Offshore showcases stacked containers at ONS 2018

ELA Container Offshore GmbH is exhibiting at ONS 2018, the Offshore Northern Seas. The ONS takes place in Stavanger, Norway. ...

Iraq says it's ready to boost oil exports once OPEC gives OK

Iraq sees a need to increase crude exports and says it’s ready to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director-general of the state-run Oil Marketing Co. ...

BHGE's European president reflects on ONS 2018, industry transformation

Over the past few years, the expression ‘cautious optimism’ has often been used when referring to the North Sea’s oil and gas industry landscape. The industry has experienced dramatic change since the latest downturn began. ...

ONS: Cybersecurity experts say OandG industry not doing enough

While the global oil and gas industry seems to have plenty of innovation and new thinking to show off at ONS this year, there is a group of folks that thinks it is coming up short in one specific area and that would be fighting cybersecurity threats adequately. ...

ONS: BHGE execs describe the way forward for their firm

It’s been a bit of a wild ride for Baker Hughes, a GE company (BHGE), over the last 12 to 18 months, as most industry professionals know well. But now things are settling down, and the company is forging a solid path forward. ...

ONS: WorleyParsons launches Project Constructor app

In yet another example of how efficiency and cost containment rule the day, Australian firm WorleyParsons has launched a new app at ONS that generates detailed project execution plan scenarios in 3D. ...

ONS: NCS still global innovative laboratory

Come visit ONS Innovation Park 2018 to learn more about the latest technical solutions. The stand gathers 18 small- and medium-sized Norwegian companies, exhibiting new and exciting innovations primarily tailored to increase value creation on the Norwegian Continental Shelf (NCS). ...

Wavefront commences powerwave operations in India

Wavefront Technology Solutions Inc., the advanced IOR and EOR company, has commenced the previously announced powerwave well stimulation campaign in India. ...

Wood wins contract with Equinor to support Hammerfest LNG

Wood recently provided technical support for Equinor’s liquefied natural gas (LNG) facility at Melkøya Island, Norway, as part of a new contract secured under an existing master services agreement. ...

Finalists announced for the 2018 World Oil Awards

World Oil and Gulf Energy Information has announced the finalists for the 2018 World Oil Awards. For 17 years, these prestigious awards have honored the upstream energy industry's leading innovators and innovations. ...

Petrofac awarded $600-million project in Algeria

Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth $600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018. ...

Aker BP signs “data liberation contract”

In collaboration with Cognite and Framo, Aker BP intensifies the digitization of offshore operations; new smart service contract will change the traditional approach to maintenance. ...

JDR Cables, Wild Well Control sign five-year service agreement

JDR Cables Systems (JDR), the leading supplier of subsea umbilicals and power cables owned by TFKable Group, has been awarded a five-year long-term service agreement with Wild Well Control, Inc. ...

Wood wins contract with Equinor to support Hammerfest LNG development options

Wood recently provided technical support for Equinor’s liquefied natural gas (LNG) facility at Melkøya Island, Norway, as part of a new contract secured under an existing master services agreement. ...

TransCanada's shale gas pipe cost jumps by $1 billion

TransCanada Corp. won a 49% price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher. ...

Drowning in dirty water, Permian seeks $22 billion lifeline

In West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it. ...

ONS: Analysts say China plays key role in MENA oil trade, despite region’s instability

One thing that became clear in one of the Tuesday morning sessions at ONS is that China remains an important oil trading partner and lynchpin of stability for the MENA (Middle East/North Africa) region. In the session entitled, “The Lego Blocks of Energy and Geopolitics,” two analysts explained the relationship of China to the region, and also the stability, or lack thereof, among some key oil producers. ...

ONS: WorleyParsons looking forward to working on Buzzard II project

WorleyParsons will provide EPC services for the topsides module of the Buzzard Phase II development project. The services include module fabrication, brownfield scopes, module landing preparation and the associated tie ins, the topsides module hook-up, pre-commissioning and commissioning of the integrated package. ...

Are you hunting in the right place for new barrels?

The hunt for new barrels of oil is often focused on exploration activity. But what if additional hydrocarbons could be found right where there is already existing infrastructure? ...

Trelleborg launches a custom-engineered elastomer-to-metal wellhead sealing solution

Trelleborg Sealing Solutions has announced the launch of a new metal end cap seal specifically engineered for HTHP wellhead tubing and casing hanger sealing environments, which combines the pressure and extrusion resistance of a metal-to-metal bonded component with the flexibility of an elastomer. ...

Updates on the new EandP landscape of the NCS

Since ONS in 2016, the landscape of EandP companies on the Norwegian Continental Shelf (NCS) has changed significantly. New players have entered the arena, companies have merged and several of the larger majors have changed their organizations, altered their business models or even changed their names and branded outfit. ...

Siemens, Bentley Systems partner in new digital solution to optimize capital project delivery

Siemens PLM Software has announced, with Bentley Systems, an integrated solution for enterprises to deliver capital projects more efficiently, combining the Teamcenter portfolio with Bentley’s ProjectWise and its Connected Data Environment (CDE). ...

Block Energy receives production sharing contract for West Rustavi license in the Republic of Georgia

Block Energy Plc has announced that the production sharing contract terms for its West Rustavi license have been accepted by the government of the Republic of Georgia. ...

Sources say AMLO plans to name Ruiz Alarcon as the next Pemex EandP chief

Mexico President-elect Andres Manuel Lopez Obrador will name Fluvio Ruiz Alarcon as Petroleos Mexicanos’s next exploration and production chief, according to two people with knowledge of the plans. ...

Schlumberger introduces new MEMS gyro surveying service

Schlumberger has introduced the GyroSphere MEMS gyro-while-drilling service at Offshore Northern Seas (ONS). The GyroSphere service responds to the needs of EandP companies for a faster and more rugged, gyro-surveying while-drilling tool that increases drilling efficiency and reliability while reducing drilling risks. ...

China gets another shot at Mideast energy with Total's Iran exit

Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. ...

Fugro acquires data in frontier region seep hunting program, offshore eastern Canada

...

Melting ice in the Arctic is opening a new energy trade route

A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. ...

ABB to deliver fastest upstream start-up for Aasta Hansteen

ABB is set to deliver what it believes to be the world’s fastest start-up when Equinor’s Aasta Hansteen gas field begins operating and produces its first gas later this year. ...

Block Energy Plc receives production sharing contract for West Rustavi license in the Republic of Georgia

Block Energy Plc has announced that the production sharing contract terms for its West Rustavi license have been accepted by the government of the Republic of Georgia. ...

Azinor Catalyst spuds 9/14a-16 well on the Agar Plantain prospect

Azinor Catalyst Limited, the Seacrest Capital Group-backed EandP Company focused on the UK Continental Shelf, has announced that the 9/14a-16 well on the Agar Plantain prospect, was spudded on Aug. 24, 2018, using the Transocean Leader drilling rig. ...

PetroNeft reports successful coring, logging operations at Cheremshanskoye No. 4 well

PetroNeft, an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, has announced that it has successfully cored, logged and open-hole tested the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in License 67. ...

Saudis to grant Aramco 40-year oil concession

Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering. ...

Oil has stopped dictating which direction European gas will go

Global oil markets have stopped being the puppet masters driving European natural gas prices. ...

Saudi’s to grant Aramco 40-year oil concession

Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering. ...

Lundin reports successful appraisal well, production test on Rolvsnes

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has successfully completed the appraisal well 16/1-28S and production test on the Rolvsnes discovery in the PL338C, on the Utsira High in the Norwegian North Sea. ...

Executives talk operational efficiencies at ONS

In one of two Monday afternoon sessions at the Offshore Northern Seas (ONS) conference and exhibition in Stavanger, Norway, executives from Saudi Aramco and Pioneer Natural Resources spoke of operational efficiencies gained at their firms, and how they are striving for excellence in a still-recovering global market. Naturally, continued innovation and good decision-making remain paramount. ...

Resman improves production optimization with long-life tracer systems

At ONS this year, Norwegian company Resman AS, is highlighting its innovative tracer technology and how it is delivering zone-specific well production data and production trends for use in production optimization and continuous well performance evaluation. ...

ONS 2018 hosts first ever Ghanaian Pavilion

ONS is proud to be hosting the first ever Ghanaian Pavilion to appear at an ONS 2018. You will find the Ghanaian Pavilion at ONS 2018, in Hall 4, stand 4300. ...

The Modular Compact Pump: A game-changer in subsea multi-phase boosting

Oil companies are looking for ways to increase oil recovery rates. Subsea boosting can be a powerful tool, but investment costs are often too high, driven by expensive topside modifications and overall system cost. ...

ONS opens with talk of peak demand, renewables competition

As the Offshore Northern Seas (ONS) conference and exhibition got underway on Monday in Stavanger, Norway, it was hard to tell whether it is still mostly a traditional oil and gas event, or whether it has become a renewables advocacy forum. ...

South Sudan resumes output in key oil area after five-year halt

South Sudan restarted crude production in a key oil region almost five years after facilities were shuttered by civil war. ...

Nigeria's Oando eyes growth after curbing $2.5-billion debt

Oando Plc is looking to boost crude output from next year as the Nigerian producer breaks the back of a $2.5 billion debt burden built up through the 2014 acquisition of oil and gas assets from U.S. giant ConocoPhillips. ...

M2 Subsea completes North Sea survey and inspection project with Ithaca Energy

M2 Subsea has completed a contract with Ithaca Energy UK Limited to conduct a subsea system survey of a North Sea field. ...

Kongsberg Digital launches new digital twin technology for unmanned production facilities

Kongsberg Digital launches their new digital twin at ONS 2018 in Stavanger, Norway, after a successful feasibility study with Equinor. ...

Wood awarded maintenance data build contract by Total Denmark EandP

Wood has secured a new four-year contract with Total Denmark EandP to provide the development and delivery of a significant operations readiness assurance scope for the Tyra redevelopment project, located 225 km west of Esbjerg, on the west coast of the Jutland peninsula in southwest Denmark. ...

Ampelmann secures new decommissioning project in the Southern North Sea

Ampelmann, the global leader in offshore access solutions based in the Netherlands, has made another step forward in the field of decommissioning with a recently secured contract in the Southern North Sea. ...

BHGE secures three-year subsea services contract extension from Equinor

Baker Hughes, a GE company (BHGE), has received a three-year extension to a subsea services frame agreement with Equinor for its operations on the Norwegian Continental Shelf. ...

Exxon to seek wind, solar power delivery in Texas

Exxon Mobil has been looking to buy renewable energy for delivery in Texas. ...

Crude holds above $68 as U.S. rigs drop at fastest pace since 2016

Oil held above $68/bbl on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico. ...

Trinidad inks gas deal with Venezuela to continue LNG exports

Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. ...

BP considers selling older U.S. shale assets after BHP purchase

BP Plc is considering selling some of its older U.S. oil and gas fields after buying better quality ones from BHP Billiton Ltd. in July. ...

Oil majors' exit turns into revival for Norway's aging North Sea

Back in 2015, Royal Dutch Shell Plc and BP Plc cast doubt over the future of aging oil fields offshore Norway. ...

BHGE's Neil Saunders stresses the importance of a leaner, healthier energy sector

It’s great to be back in Stavanger this week for ONS, connecting with customers and peers, highlighting innovation, and sharing information and best practices designed to steer the energy industry forward. We shouldn’t underestimate the importance of Norway and the wider North Sea region for its role—past, present, and future—in technology research, development, and incubation. ...

Houston street artist to showcase artwork at ONS Festival

In connection with ONS 2018, the Houston delegation in collaboration with ONS, invited GONZO to create a work of art on Skur 6. ...

Siemens to feature electrification, automation and digitalization solutions at ONS 2018

As companies come together to discuss innovation and how to redefine themselves in this digital environment, Siemens will focus on Topsides 4.0, cybersecurity, subsea power, and energy storage solutions at the upcoming Offshore Northern Seas (ONS) trade fair, August 27-30 in Stavanger, Norway, Booth #2550. ...

Cubility delivers the latest innovation in solids control

The MudCube, a compact, lightweight solids control system from Norwegian company Cubility, eliminates the traditional process of shaking fluids and solids through a patented vacuum-based, rotating screen filtration system. ...

Petrofac to sell interest in Greater Stella Area development

Petrofac Limited has announced that it signed an agreement to sell Petrofac GSA Holdings Limited to Ithaca Energy (UK) Limited for a total consideration of up to $292 million. ...

Equinor announces contract for improved recovery at Johan Castberg

Digital technology developed in Norway will help improve recovery from Johan Castberg field, in the Barents Sea. Equinor has awarded Alcatel Submarine Networks a contract for permanent reservoir monitoring (PRM), which in turn has signed a letter of intent with Nexans Norway AS for delivery of subsea cable. ...

Fairfield Geotechnologies embarks on Quail Ridge East survey

Fairfield Geotechnologies announces its newest multi-client project in Lea County, New Mexico. Quail Ridge East is one of three ongoing surveys that extends Fairfield Geotechnologies’ data portfolio in the northern Delaware basin. ...

Mexican economy stalls with declines in oil and industry output

Mexico’s economy stalled in the second quarter amid a drop in oil and industrial output and a slowdown in services activity. ...

Norway $1 trillion fund's plan to sell oil stocks meets resistance

Norway’s $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks. ...

Iran's tanker fleet gives oil-export lifeline as sanctions loom

Iran’s own fleet of tankers may provide a lifeline for its crude and condensate exports that’ll be slashed as U.S. sanctions against the Persian Gulf nation take hold. ...

LIFE 2018 sparks ethics conversation, future best practices in oil and gas

Bringing together the upstream oil and gas sector, Halliburton’s Life 2018 is a collaborative digital conference that focuses on technology advances in EandP. In its sixth year, the goal is to leverage advances in science, technology, digital, and the community, to drive the industry forward. ...

LIFE 2018 sparks ethics conversation, future best practices in oil and gas

Bringing together the upstream oil and gas sector, Halliburton’s Life 2018 is a collaborative digital conference that focuses on technology advances in EandP. In its sixth year, the goal is to leverage advances in science, technology, digital, and the community, to drive the industry forward. ...

AMLO is said to favor cutting red tape on Pemex partnerships

Petroleos Mexicanos will be free to choose its own partners if Mexico’s next government has its way. ...

Melbana Energy divests two offshore Australian exploration permits

Melbana Energy Limited has provided the following update on its non-core offshore Australian Exploration Permits AC/P50 and AC/P51 (Permits) (Melbana 55%1 and operator). ...

Siccar Point Energy confirms Cambo well test success

Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in Cambo field, northwest of Shetland. ...

Wood secures extension to global framework with Shell

Wood has secured a three-year extension to a framework agreement with Shell to continue to deliver completions management, certification software and support to its assets globally. ...

Block Energy provides update on operations in the Republic of Georgia

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has provided an operations update from its Norio license, Satskhenisi license and the West Rustavi permit, which collectively have net proven oil reserves of 1.5 MMbbl plus 60 MMbbl of oil and ~600 Bcf of gas classified as 2C contingent resources. ...

United Oil and Gas confirms award of two blocks in the UK North Sea

United Oil and Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced that further to the announcement of May 24, 2018, it has accepted the formal offer from the Oil and Gas Authority, the UK oil and gas regulator, confirming the award of Blocks 15/18d and 15/19b. ...

Aminex moves forward with drilling operations in Tanzania

Aminex has provided the following update on its operations in Tanzania. ...

Colorado’s bid to block drilling activity muddies political lines

Colorado’s Democratic candidate for governor once bankrolled efforts to restrict fracking. Now, he’s working hard to reassure the state’s oil explorers that he’s on their side. ...

Oil crisis gave Norway's giant field a $10 billion boost

Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing. ...

Europe's unprecedented natural gas rally drives up power

Europe’s natural gas prices have risen to their strongest level for this time of year, lifting the cost of electricity for factories and utilities. ...

Saudi Aramco is said to call off IPO

Saudi Arabian Oil Co. is focusing on buying a strategic stake in chemical giant Saudi Basic Industries Corp., putting work on its potential initial public offering on hold, according to people familiar with the matter. ...

Introducing the Inaugural Deepwater Executive Summit

Gulf Quest LLC, a joint venture between Gulf Energy Information/World Oil and Quest Offshore are excited to introduce the inaugural Deepwater Executive Summit. ...

Oil climbs after biggest U.S. crude stockpile drop in four weeks

Oil gained after a U.S. government report showed the biggest decline in crude inventories since late July. ...

Shearwater acquires Schlumberger marine seismic acquisition business

Shearwater GeoServices Holding AS and Schlumberger have jointly announced that they have entered into a definitive agreement for Shearwater to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. ...

FAR Limited prepares to drill Gambia's first offshore well in 40 years

FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration program. ...

U.S. Energy Corp. announces MOU to acquire Bakken assets

U.S. Energy Corp. has announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota. ...

After success of first Osage formation test well, Jericho continues drilling momentum

Jericho Oil Corporation announces that its Oklahoma STACK Joint Venture (JV) will commence this week with the drilling of its second Osage formation well, the Trebuchet 21-23N-10W #1H, within its northern STACK acreage position further delineating the nearly 16,000 net STACK acres. ...

Santos announces acquisition of Quadrant Energy

Santos has announced that it will acquire 100% of Quadrant Energy for $2.15 billion. ...

Mexico’s president-elect oil stance complicates Nafta talks

As Mexico pushes to wrap up a Nafta deal with the U.S., negotiators are facing a new challenge. ...

Decision day on $1 trillion fund's exit from oil moves closer

Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks. ...

Houston symposium to explore AI, machine learning in upstream oil and gas

Houston -- The 2018 Oil and Gas Machine Learning Symposium will host data scientists, geoscientists, engineers, asset managers and exploration managers at a world-class event on September 27, 2018, at the Royal Sonesta in Houston, Texas. ...

Geophysical insights, the Society of Exploration Geophysicists, and Geophysical Society of Houston, partner to present the 2018 Oil and Gas Machine Learning Symposium

Houston -- The 2018 Oil and Gas Machine Learning Symposium will host data scientists, geoscientists, engineers, asset managers and exploration managers at a world-class event on September 27, 2018, at the Royal Sonesta in Houston, Texas. ...

Fracing robots in the works as oil field is digitized

Rack up one more thing robots can be used for: Fracing for oil. ...

GeoPark discovers new gas field in Chile

GeoPark Limited has announced the successful drilling and testing of the Jauke-1 exploration well, in the Fell Block (GeoPark operated, 100% working interest) in Chile. ...

LNG heads out the door as Asia outbids European utilities

Northwest European liquefied natural gas terminals are for the first time exporting more of the fuel than they are feeding into the region’s pipeline networks. ...

Magnolia Oil and Gas acquires majority of Harvest Oil and Gas' South Texas assets

Magnolia Oil and Gas Corporation has announced that it has agreed to acquire substantially all of the South Texas assets of Harvest Oil and Gas Corp. for approximately $135 million in cash. ...

Halliburton automates hydraulic fracturing with first-of-its-kind service

Halliburton Company today unveiled Prodigi AB Service, a first-of-its-kind offering that introduces automation to hydraulic fracturing. By automating the breakdown process of a fracturing treatment, Prodigi AB Service helps deliver better well performance. ...

Pipetech wins caisson management contract from Nexen

Pipetech, the independent process system integrity specialist, has won a project with operator Nexen to deliver Active Caisson Management on its Scott platform. ...

Sound Energy reports new Palaeozoic structure in Eastern Morocco

Sound Energy, the Moroccan focused upstream gas company, has announced completion of the entire 2,850-line km 2D seismic acquisition program in Eastern Morocco. This program adhered to 'best in class' international safety standards throughout and has been completed on budget and with zero lost time incidents. ...

Oil trades near $67 as investors assess outlook for U.S. crude

Oil traded near $67/bbl as investors weighed an expected decline in American inventories against the U.S. government’s plans to release crude from its emergency stockpiles. ...

U.S. to release 11 MMbbl of crude from strategic stockpile

The U.S. plans to release 11 MMbbl from its 660-MMbbl emergency stockpile, just as American sanctions on Iranian oil exports kick in. ...

China shipowners stop hauling Iranian crude as U.S. sanctions near

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade. ...

U.S. to release 11 million barrels of crude from strategic stockpile

The U.S. plans to release 11 MMbo from its 660-MMbbl emergency stockpile, just as American sanctions on Iranian oil exports kick in. ...

Crowley successfully supports Appomattox platform tow-out

Crowley Maritime Corp.’s SOLUTIONS has successfully and safely delivered Shell’s Appomattox semisubmersible Floating Production System (FPS) to the open waters of the U.S. Gulf from Kiewit Offshore Services' construction facility in Ingleside, Texas. ...

Dorado one of the largest oil resources ever found on the NW Shelf, Carnarvon Petroleum says

Carnarvon Petroleum Limited has completed its assessment of the hydrocarbon volumes within the Dorado structure in WA-437-P, providing the following information. ...

Trelleborg launches new rotary seal for HP applications

Trelleborg Sealing Solutions has announced the launch of a new polytetrafluoroethylene (PTFE) based O-Ring energized single-acting rotary seal, the Turcon Roto Glyd Ring DXL. ...

Tariffs will hurt U.S. more than the rest of the world, Maersk says

The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according the CEO of A.P. Moller-Maersk A/S. ...

Conoco to recover $2 billion in agreement with Venezuela

ConocoPhillips said it will recover about $2 billion in a settlement pact with Petroleos de Venezuela, the state-owned oil company, for oil assets seized in 2007. ...

Premier Oil gets the go-ahead for Tolmount Main development

Premier Oil has announced that the development of its Tolmount Main gas field has been sanctioned by the joint venture and infrastructure partners. ...

Azinor Catalyst mobilizes Transocean Leader to drill Agar Plantain

Azinor Catalyst Limited, the Seacrest Capital Group-backed EandP company focused on the UK Continental Shelf, has announced that the Transocean Leader drilling rig has come on contract for the Agar Plantain exploration and appraisal well and Faroe Petroleum PLC has farmed-into Agar Plantain subject to customary regulatory and joint venture party consents. ...

Wood wins deepwater contract with Shell in the Philippines

Wood has secured a new, six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines. ...

Crude steadies after longest run of weekly losses in three years

Oil steadied after its longest run of weekly declines in three years, as traders weighed threats to economic activity in emerging markets against risks to supplies around the world. ...

Wild currency swings make trading Chinese oil futures risky

Wild swings in the yuan and punitive storage costs are making oil traders think twice about a bet on China’s fledgling crude futures that looks highly lucrative on paper. ...

Wild currency swings make Chinese oil futures risky

Wild swings in the yuan and punitive storage costs are making oil traders think twice about a bet on China’s fledgling crude futures that looks highly lucrative on paper. ...

Losing Lofoten would imperil Norway’s Arctic push, oil boss warns

Backing down on drilling off Norway’s Lofoten islands could also threaten the search for 16 Bbbl of oil and gas that lies beneath the Barents Sea, the country’s energy minister said. ...

Frontera Energy Corp. announces positive drilling results in Colombia

Frontera Energy Corporation has announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing. ...

API: U.S. sets new record for natural gas liquids production, ties record for crude oil in July

The American Petroleum Institute’s latest monthly statistical report shows the U.S. set a record for the production of natural gas liquids (NGL) last month producing 4.4 MMbpd. ...

Maersk offloads drilling assets in latest move to exit energy

A.P. Moller-Maersk A/S has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry. ...

Saudi Aramco's crude output in 2017 fell from annual record

Saudi Arabian Oil Co., the world’s largest crude exporter, said its production last year fell from the annual record it reached in 2016 as it led OPEC and other major producers in curbing output to counter a global oversupply. ...

SDX Energy reports successful production test at SD-3X well at South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a successful production test has been conducted at its SD-3X appraisal well at South Disouq, Egypt (SDX 55% working interest and operator). ...

Oil set for longest losing run since 2015 amid economy fears

Oil headed for the longest run of weekly declines in three years as turbulence in emerging markets and the ongoing trade conflict between the U.S. and China stirred fears that fuel demand may suffer. ...

China tariffs could mean bleak winter ahead for U.S. LNG

This winter could be a bleak one for America’s natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade war. ...

EIA: Haynesville natural gas production reaches five-year high

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012. ...

Rice University engineers find nanoscale solution to produced water problem

Oil and water tend to separate, but they mix well enough to form stable oil-in-water emulsions in produced water from oil reservoirs to become a problem. Rice University scientists have developed a nanoparticle-based solution that reliably removes more than 99% of the emulsified oil that remains after other processing is done. ...

Equinor concludes drilling of Sigrun appraisal well, offshore Norway

Equinor Energy AS, operator of production license (PL) 025, has concluded the drilling of appraisal well 15/3-11 on the 15/3-4 (Sigrun) oil and gas discovery. ...

Eastern Canadian LNG project wins buyers in shadow of Western rival

Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. ...

Keystone XL pipeline sent back for new environmental review

The U.S. State Department must conduct a new environmental review for the Keystone XL crude pipeline, a federal judge ruled, dealing a blow to a project supported by President Donald Trump in his first few days in office. ...

Angola unveils new oil regulator in restructuring of Sonangol

Angola will set up a new regulator for the country’s oil industry as the government restructures state-owned Sonangol and seeks to revive falling oil and gas output. ...

Midstates Petroleum in talks to buy some Sandridge assets

Midstates Petroleum Co. may soon walk away with at least some of SandRidge Energy Inc. after setting out to acquire all of it earlier this year. ...

DNO ramps up in Kurdistan, plans dividend payments

DNO ASA, the Norwegian oil and gas operator, today announced plans for its first dividend distribution to shareholders in 13 years following release of strong half-year 2018 results, including revenues of $289 million, which were up 83% from the same period last year. ...

Oil shrugs at revival of U.S.-China trade talks to ease tensions

Signs of easing tensions between the world’s two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures. ...

Spirit Energy strikes out in the Barents Sea, north of Johan Castberg field

Spirit Energy Norge AS, operator of production license 852, has concluded the drilling of wildcat well 7322/7-1. The well is dry. ...

Oil sinks to eight-week low after surprise U.S. stockpile build

Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. ...

Bowleven provides operational update on Cameroon's Etinde Block

Bowleven, the Africa focused oil and gas company traded on AIM, has announced the completion of drilling of the IM-6 appraisal well at the Etinde Block, Cameroon, to a TD of 3,550 m by the block's operator, New Age Cameroon Offshore Petroleum SA. ...

Norwegian companies join forces for expansion of AI initiative

Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not to lag behind. To strengthen national efforts on artificial intelligence, Telenor, NTNU and SINTEF are inviting Norwegian businesses to partner on the new Norwegian Open AI Lab. ...

Spirit Energy strikes out in the Barents Sea, north of Johan Cast Castberg field

Spirit Energy Norge AS, operator of production license 852, has concluded the drilling of wildcat well 7322/7-1. The well is dry. ...

Anglo African Oil and Gas spuds well in the prolific Lower Congo basin

Anglo African Oil and Gas plc (AAOG), an independent oil and gas developer, has confirmed that the TLP-103 well, on Tilapia oil field, spudded on Aug. 15, 2018. ...

Savannah Petroleum reports its fourth oil discovery in southeastern Niger

Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, has announced that the Eridal-1 exploration well is an oil discovery. ...

Aker Solutions to deliver power umbilical systems to China's Liuhua fields

Aker Solutions won orders valued at more than NOK 350 million to deliver power umbilical systems to China National Offshore Oil Corporation's (CNOOC) Liuhua oil fields in the South China Sea, off Hong Kong. ...

Deal frenzy swells with Diamondback's $8.4 billion shale buyout

Diamondback Energy’s agreement to buy Energen in an $8.4 billion all-stock deal launches Permian buying spree that should shake up the U.S. shale industry. ...

Large investment groups throw weight behind oil rally

The recovery in the oil industry is attracting some of the most recognized billionaires in money management. ...

EIA: Offshore discoveries in the Mediterranean to increase Egypt’s gas output

Natural gas production in Egypt has been in decline, falling from a 2009 peak of 5.8 Bcfd to 3.9 Bcfd in 2016, based on estimates in BP’s Statistical Review of World Energy. The startup of a number of natural gas development projects located offshore in the eastern Mediterranean Sea near Egypt’s northern coast has significantly altered the outlook for the region’s natural gas markets. ...

Well-SENSE secures strategic investment from Saudi Aramco Energy Ventures

Downhole technology specialist, Well-SENSE, announced today that it has secured a seven-figure equity investment from Saudi Aramco Energy Ventures (SAEV), alongside its current owners, FrontRow Energy Technology Group Limited (FrontRow) and management. ...

Eni recieves lease extension for key assets in Egyptian Nile Delta, Western Desert

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement, allowing a 10-year extension of the Abu Madi West Development Lease (203 km2), where Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). ...

Eni granted new exploration license offshore Egypt

Eni announced that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta basin of the Mediterranean Sea, has received approval by Egyptian authorities. ...

Oil recovers as Turkey tumult calms, U.S. supplies seen falling

Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. ...

After $80-billion blowouts, mega oil and gas projects are back

Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100-crude. ...

Norway to tamp down on oil spending after wealth fund deposits

Norwegian Prime Minister Erna Solberg is ready to start reining in oil spending after the government began putting money back into the sovereign wealth fund again. ...

Wood launches new phase of subsea integrity management industry network

Wood has further extended the SURF IM Network, which aims to share experience and lessons learned from subsea integrity and reliability issues and is supported by 10 major global operators: BP, Chevron, ExxonMobil, Hess, Husky, Petronas, Shell, Suncor, Total and Woodside. ...

Faroe Petroleum announces Agar-Plantain farm-in, on the UKCS

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has farmed into the UK Continental Shelf (UKCS) Agar-Plantain exploration and appraisal well, close to the UK/Norwegian median line, operated by Azinor Catalyst Limited (Catalyst). ...

ExxonMobil farms in to PEL 44, offshore Namibia

Azinam Limited (Azinam), the Seacrest Capital Group-backed Namibian explorer, is pleased to announce that ExxonMobil Namibia (PEL44) Limited, an affiliate of ExxonMobil Corp., has entered into an agreement with Azinam to acquire a 30% interest in Petroleum Exploration License (PEL) 44, offshore Namibia. ...

India is considering 50% Iranian oil cut to win U.S. waiver

India may cut Iranian oil imports by 50% to secure a waiver from the U.S. to continue with shipments. ...

California ponders plan B if Trump wins opener in emissions fight

As California professes optimism in its legal fight against Trump’s rollback of tailpipe emissions limits, the state is eyeing a fallback plan that could test how much its residents are willing to sacrifice to fight climate change. ...

Drones poised to reduce operating costs for energy industry

Cheap drones are poised to boost output and cut operating expenses for the energy industry. ...

Neptune Energy to acquire UK central North Sea assets from Apache

Neptune Energy Group has announced that it has entered into a Sale and Purchase Agreement to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited (ANSL), a wholly owned subsidiary of Apache Corporation. ...

United Oil and Gas delivers 3D seismic data on Tullow-operated license, offshore Jamaica

United Oil and Gas Plc has announced that the fast-track version of the recently acquired 3D seismic dataset over the Walton-Morant license, offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. ...

Vantage awarded annulus wash, cementing assurance in Malaysia

Vantage Oilfield Solutions Sdn Bhd (Vantage) has received a work order award from Petronas Carigali Sdn Bhd (Petronas Carigali) for the Provision of annulus wash and cementing assurance for Kepong-A field, Terengganu, Malaysia. ...

Petrofac awarded Basra Oil Company EPC contract

Petrofac has been awarded a contract worth around $370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in Majnoon field, Southern Iraq. ...

Trelleborg launches custom elastomer-to-metal wellhead sealing solution

Trelleborg Sealing Solutions has announced the launch of a new metal end cap seal specifically engineered for HPHT wellhead tubing and casing hanger sealing environments, which combines the pressure and extrusion resistance of a metal-to-metal bonded component with the flexibility of an elastomer. ...

GulfSlope Energy spuds Canoe prospect, in the U.S. Gulf of Mexico

GulfSlope Energy, Inc. has announced that last week it commenced drilling of the Canoe Prospect No.1 well located in the Vermilion Area, South Addition Block 378 with the Rowan Ralph Coffman jack-up rig. ...

United Oil and Gas delivers fast-track 3D seismic data on Tullow-operated license, offshore Jamaica

United Oil and Gas Plc has announced that the fast-track version of the recently acquired 3D seismic dataset over the Walton-Morant license, offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. ...

Vantage Oilfield Solutions awarded annulus wash, cementing assurance for Malaysia 's Kepong-A

Vantage Oilfield Solutions Sdn Bhd (Vantage) has received a work order award from Petronas Carigali Sdn Bhd (Petronas Carigali) for the Provision of annulus wash and cementing assurance for Kepong-A field, Terengganu, Malaysia. ...

Santos accelerates gas development in the Cooper basin with fourth rig

Santos has announced a fourth rig, the Ensign 965, has started operations in the Cooper basin, as the company continues its drive to produce more Australian natural gas to supply the east coast domestic market. ...

Oil holds gain as Iran concerns counter bearish U.S. rigs report

Oil held gains above $67/bbl after Iran said the OPEC nation has no intention of holding talks with the U.S. anytime soon, countering signs American shale output may increase. ...

OPEC lifted crude production in July

OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia. ...

PetroChina is said to mull suspending U.S. LNG purchases

PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the U.S. and China, according to people with knowledge of the strategy. ...

U.S.-Iran sanctions give China lead in world's top gas field

China National Petroleum Corp. is expected to take the lead on a $5-billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic. ...

Caspian Sea breakthrough treaty set to boost oil, pipeline plans

Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more than two decades of disputes. ...

Crude posts longest stretch of weekly declines since 2015

Crude posted the longest stretch of weekly declines since 2015 as international trade tensions threatened energy demand in the face of flourishing oil production by the world’s biggest suppliers. ...

U.S. drilling reaches high in U.S. as global disruptions mount

U.S. oil producers expanded drilling this week, moving to fill in a gap left by supply disruptions around the globe. ...

U.S. forecasts 50%-cut in Iran oil sales, missing goal

The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as 1 MMbpd when it reimposes energy sanctions in early November, according to two people familiar with the administration’s efforts to choke off Tehran’s crude sales. ...

Fugro resumes acquisition of data for Norway's Mareano seabed mapping program

Fugro has been awarded a hydrographic survey contract, valued at NOK 44.7 million (approximately €4.7 million), by the Norwegian Hydrographic Service. The survey is part of the Mareano seabed mapping program, which is financed by Norway’s Ministry of Trade, Industry and Fisheries, and the Ministry of Climate and Environment. ...

Cairn, Vedanta award EOR contract to BHGE for India's Rajasthan area

Baker Hughes, a GE company, has been awarded a development contract by Cairn Oil and Gas, Vedanta Limited to construct approx. 300 new wells and deploy a chemical EOR program aimed at increasing production from the Rajasthan area. ...

TGS announces updates to Australian data library

TGS has announced that the purchase of the Capreolus 3D seismic survey from Polarcus has been completed. ...

U.S. oil vanishing from Chinese tariffs reveals America's clout

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. ...

Aker Solutions wins hook-up, commissioning work for Johan Sverdrup

Aker Solutions has, in collaboration with Kvaerner, secured additional hook-up and commissioning work for Equinor's Johan Sverdrup field, offshore Norway. ...

U.S. sanctions on Iran up the ante in Middle East oil price war

A price war is brewing between top oil producers in the Middle East, and the U.S. may be at the heart of it. ...

Kosmos Energy enters GOM with $1.225-billion acquisition of Deep Gulf Energy

Kosmos Energy has announced that it has entered into an agreement to acquire Deep Gulf Energy (DGE), a deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225 billion, subject to certain adjustments. ...

Europe shows it's getting serious about buying U.S. LNG

European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the U.S., but the region is making its biggest effort to date to change that. ...

Fugro's new bathymetric lidar system improves nearshore, coastal mapping capabilities

Fugro is introducing a new bathymetric lidar system that delivers industry-leading depth penetration and point densities for nearshore and coastal mapping. ...

Yamal LNG begins gas exports from second LNG train

Total announces that the first shipment of Liquefied Natural Gas (LNG) from the second train of the Yamal LNG project in Northern Russia is ready to leave Sabetta. ...

U.S. sanctions may put Russian oil production at risk

The new U.S. sanctions placed on Russia may put the country’s longer-term crude production potential at risk. ...

Taqa's earnings growth accelerates following oil-price recovery

Abu Dhabi National Energy Co. reported an almost fivefold jump in profit after crude prices climbed. ...

Wood wins contract for proposed Scarborough gas field development, offshore Western Australia

Wood has been awarded a new contract by Woodside to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia. ...

Trelleborg supplies SafePilot solutions to Shell's Brent Delta decommissioning project

SafePilot from Trelleborg’s marine systems operation successfully helped to pilot Allseas’ 200-m-long barge, Iron Lady, from the Tees Bay to Able UK’s Seaton Port in Hartlepool, which transported Shell’s 24,200 ton-Brent Delta topside to Able’s facility on May 2, 2017. ...

U.S. selling more oil to India, Iran’s biggest customer

One of Iran’s biggest oil customers is buying more U.S. crude as President Donald Trump sticks to his pledge to squeeze the Persian Gulf nation’s energy trade. ...

China buckles in trade war: No tariffs on U.S. crude imports

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. ...

Exxon seeks long-term deals for U.S. oil exports

ExxonMobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope. ...

Henderson to perform major rig refurbishment for Energy Drilling Company

Henderson, a leader in the sales and service of drilling rigs and capital drilling equipment, has entered into a contract for a major drilling rig refurbishment with Energy Drilling Company. ...

Crude slumps as trade war overshadows drop in U.S. inventories

Crude dropped to a six-week low as the escalating trade dispute between the world’s biggest economies overshadowed a decline in U.S. crude stockpiles. ...

Iran's reliance on its own oil tankers grows, even as flows slump

It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. ...

Delek, Noble and Egypt said to put final touches on gas deal

The companies developing Israel’s largest natural gas fields and their Egyptian partner have finalized details of a deal that would give them control over a pipeline to Egypt, according to people familiar with the matter, a crucial step that would pave the way for a $15-billion export contract. ...

Nexen announces full sanction of Buzzard Phase II project, offshore UK

Nexen has announced that the BPII (Buzzard Phase II) project has received full sanction from partners (Suncor Energy UK Limited, Chrysaor Limited, Dyas EOG Limited and Oranje-Nassau Energie Resources Limited) and the Field Development Plan has been approved by the UK Oil and Gas Authority – allowing the project to move into the execute stage. ...

Santos reports significant natural gas resource at Barikewa-3, onshore PNG

Santos today announced the Barikewa-3 well, located in Papua New Guinea’s (PNG) onshore Forelands region, intersected 25 m of net gas pay within the Toro and Hedinia reservoir objectives. ...

Savannah Petroleum inks MOU with Republic of Niger

Savannah Petroleum, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce the signature of a legally binding Memorandum of Understanding (MOU) between Savannah’s Niger subsidiary (Savannah Niger) and the Republic of Niger. ...

Sparrows Group granted commercial registration to operate in Saudi Arabia

Global specialist equipment and integrated engineering services company, Sparrows Group, has made a significant development in Saudi Arabia after being granted commercial registration to operate in the Kingdom. ...

Aqualis Offshore to position Total's Egina FPSO, offshore Nigeria

Marine and offshore engineering consultancy Aqualis Offshore has been handed the position keeping role for installation of the Egina FPSO, offshore Nigeria. ...

Energy deals decline in Canada as oil rally heals slump's scars

Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn’t going so well this year. ...

OPEC plus or OPEC minus? Rosneft points to oil cartel in flux

Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+. ...

U.S. cuts oil output outlook as Permian constraints threaten

The pace of U.S. crude production growth might be slowing or at least that’s what the government is seeing for now. ...

Petrofac secures five-year contract renewal with ONE

Petrofac’s Engineering and Production Services (EPS) business has secured a five-year renewal on its Duty Holder Support Services contract with Oranje-Nassau Energie Resources Limited (ONE). ...

RDS, Kavin enter strategic alliance to pursue oil and gas projects

RDS, a KCA Deutag business, and Kavin Engineering And Services Private Limited (Kavin) are delighted to today announce that they have entered into a strategic alliance that will see the two companies combine their strengths and expertise to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. ...

First oil for LLOG from Crown and Anchor field in GOM represents major milestone for Enpro

...

Hexion launches new proppant flowback control additive

The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) has announced its new proppant flowback control additive for the oil and gas industry. ...

Rosneft sets cash-flow record as Russian oil hits sweet spot

Rosneft PJSC posted record cash flow in the second quarter as Russian oil companies hit a sweet spot of rising crude prices and a weakening ruble. ...

China explorer Cnooc may reward investors, even if oil won't

Chinese offshore oil giant Cnooc Ltd. may have more to offer equity investors betting on the recovery in global crude prices, even if the rally appears to be taking a bit of a breather. ...

Shell sees gas as answer in Nigeria after decades of oil strife

After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country. ...

Energy Web Atlas launches World Pipeline dataset

Gulf Energy Information, a leading provider of market intelligence and technical information for the international energy industry, announced Tuesday the introduction of the World Pipeline layer to the Energy Web Atlas (EWA). ...

California returns fire at Trump's call to rescind its authority

Last week, President Trump proposed gutting California’s unique ability to write greenhouse gas emission limits for cars and trucks. ...

China’s oil futures post mysterious gains

The crude futures that China launched in March seem to be dancing to an oil-market tune only they can hear. ...

Kosmos Energy acquires Deep Gulf Energy for $1.22 billion

Kosmos Energy entered into an agreement to acquire Deep Gulf Energy for a total consideration of $1.225 billion. ...

Saudi Arabian crude deliveries to U.S. swell, as Venezuelan output falls

Saudi Arabia is sending the most crude oil to the U.S. in 15 months. ...

Saudi Arabia crude flows to U.S. swell as Venezuela output falls

Saudi Arabia is sending the most crude oil to the U.S. in 15 months. ...

Delay puts $3.7 billion Marcellus pipeline at risk of overhaul

A $3.7 billion pipeline in America’s biggest shale gas play could be rerouted after a federal agency ordered all work on the project to stop. ...

Delay puts $3.7 billion Marcellus gas pipeline at risk of overhaul

A $3.7 billion pipeline in America’s biggest shale gas play could be rerouted after a federal agency ordered all work on the project to stop. ...

Crude advances after Saudi restraint sparks renewed supply fears

Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. ...

U.S. considers oil sanction waivers as new Iran penalties start

The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the Islamic Republic go into effect on Tuesday. ...

Exxon Mobil accounting probe by SEC ends with no action

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change. ...

Breathing easy in Beijing may get pricey

Chinese President Xi Jinping’s trade policies are threatening to make his environmental goals more costly to meet. ...

Oil rises as Saudi supply cut counters fears over trade war

Crude rose after Saudi Arabia curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand. ...

Wind and solar power flooding electricity grid

Bright and breezy days are becoming a deeper nightmare for utilities struggling to earn a return on traditional power plants. ...

Iran’s oil-market realities: How buyers are positioning for U.S. sanctions

In three months’, U.S. sanctions on Iran could drive the Persian Gulf nation’s exports down toward zero and upend the global oil market. ...

Allies in Australia's oldest LNG plant spar in race for new gas

After partnering for three decades at Australia’s oldest LNG export plant, Woodside and Chevron are competing to shape the next phase of the country’s gas development. ...

Trump push for energy dominant U.S. blunted by China LNG threat

China’s threatened tariff against U.S. LNG comes as a second wave of American export terminals seek financing with an eye toward the Asian giant’s drive to reduce its use of coal. ...

China rejects U.S. request to cut Iranian crude imports

The U.S. has been unable to persuade China to cut Iranian oil imports, dealing a blow to Trump’s efforts to isolate the country after his withdrawal from the 2015 nuclear accord. ...

U.S. rig count falls

U.S. oil companies scaled back drilling this week. ...

Serica acquires additional interests in offshore UK assets

Serica has signed an agreement to acquire further interests in the Bruce and Keith fields, UK North Sea, from Total EandP. ...

Saudi Arabia reduced oil production in July

Saudi Arabia, which recently pledged oil-supply increases, cut production last month, according to OPEC delegates. ...

DNV GL to support Shell’s Penguin field redevelopment

DNV GL has been awarded a cross-service contract to support Shell's Penguins field redevelopment, UK continental shelf. ...

Crude wavers as China plans tariffs to counter Trump

Crude fluctuated as intensifying tariff threats between the U.S. and China raised demand concerns. ...

Billions at risk for U.S. LNG exports on China 25% tariffs

China is proposing a 25% tariff on imports of U.S. LNG. Shares of, Cheniere Energy, fell on the report. ...

Subsea 7 awarded contract offshore UK

Subsea 7 announced the award of a contract by Nexen as part of the Buzzard Phase 2 Project, located approximately 55 km off the northeast coast of Scotland. ...

Oil steady amid trade war concerns, signs of tight inventory

Oil was steady as concerns over the fallout from the U.S.-China trade dispute and higher supply from OPEC balanced some signs of tightness in the market. ...

Major’s cheer as Trump moves to ease auto standards

he Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure. ...

Major’s cheer, quietly, as Trump moves to ease auto standards

he Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure. ...

China rejects U.S. request to cut Iran crude imports

The U.S. has been unable to persuade China to cut Iranian oil imports, dealing a blow to Trump’s efforts to isolate the country after his withdrawal from the 2015 nuclear accord. ...

Sinopec is said to delay U.S. oil purchases amid tariff concerns

China’s refiner, Sinopec, hold off on buying U.S. crude as the trade war between Beijing and Washington threatens to make American imports more expensive. ...

Canadian heavy oil near five-year low prompts drilling cuts

Canadian heavy oil is the weakest in almost five years, leading Canada’s largest producer to focus on drilling for lighter crude. ...

Trump moves to ease Obama era environmental rules, California's clout

The Trump administration is proposing to suspend required increases in vehicle fuel economy after 2020 and unwind California’s authority to limit tailpipe greenhouse gas emissions. ...

Trump moves to ease Obama environmental rules, California's clout

The Trump administration is proposing to suspend required increases in vehicle fuel economy after 2020 and unwind California’s authority to limit tailpipe greenhouse gas emissions. ...

Newest push to ease Permian bottlenecks: LNG to power drilling rigs

It’s called micro LNG, and the concept is simple. By super-cooling natural gas, they can pack three times more of it into a truck, which may help the Permian basin deal with its growing gas excess. ...

Growing glut of high-quality crude signals danger for oil market

The physical oil market -- where traders buy and sell bbl on their journey from the well-head into the global refining system -- is looking increasingly fragile. ...

Trump moves to ease Obama auto-mileage rules, California's clout

The Trump administration is proposing to suspend required increases in vehicle fuel economy after 2020 and unwind California’s authority to limit tailpipe greenhouse gas emissions. ...

Crude bounces from one-month low as U.S. supply hub seen draining

Crude recovered from the lowest level in more than a month amid signs the supply drain from the biggest U.S. supply hub will continue. ...

Hexion announces new proppant flowback control additive

Hexion has launched PropShield, a new proppant flowback control additive optimized for shale plays. ...

Saudi Arabia cuts oil pricing as it boosts supply to meet demand

ARAMCO reduced monthly pricing to most markets as the world’s biggest oil exporter boosts supply to meet customer demand. ...

Oil falls to one-month low as U.S. stocks grow, OPEC adds supply

Oil sank to the lowest in more than a month as rising U.S. inventories and higher output from OPEC and Russia weighed on the market. ...

ConocoPhillips announces agreement to sell Barnett assets

ConocoPhillips has entered into an agreement to sell its interests in the Barnett shale play, near Fort Worth, Texas, to Lime Rock Resources for approximately $230 million plus net customary adjustments. ...

Big tankers ferry fuel to Europe as China surplus seeks home

New supertankers are ferrying a rare flow of diesel from Asia to ports thousands of miles away in Europe as a surplus of the fuel from China scouts for a new home. ...

Shale reality check hits as financial results underwhelm investors

Shale drillers gave investors a reality check after a strong start to the year, with Anadarko Petroleum, Chesapeake Energy, Devon Energy and Concho Resources all falling after disappointing earnings reports. ...

Oil tanker owners are scrapping the most ships in decades

Oil tanker owners are giving up ...

Russia rolls back most of oil cuts as supply risks worsen

Russia boosted oil production in a coordinated output cut, helping the group offset supply disruptions elsewhere. ...

Downhole tools and technologies driving performance improvements in the Permian

The Permian Basin continues to be a hotbed of drilling activity, bolstering North American output to record levels. ...

OPEC oil production climbs as Saudi Arabia pumps near record

OPEC’s crude output increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. ...

Encana's earnings beat estimates on output growth, Permian price

Encana Corp., which produces oil and natural gas in Canada and the U.S., reported a better-than expected second-quarter profit as output expanded amid “robust prices,” with a premium for Permian crude. ...

McDermott awarded EPCI subsea tie-back contract for Pemex's Ayatsil field

McDermott International, Inc. has announced a sizeable contract award by Pemex Exploración y Producción for subsea pipeline flowline installation in support of Ayatsil field, located 50 mi northwest of Ciudad del Carmen, in the Bay of Campeche, offshore Mexico. ...

Petrofac sells interest in Mexico for $200 million

Petrofac Limited has announced that it has signed an agreement to sell 49% of the Company’s operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco (Oil and Gas) International Limited. ...

Eni gets approval for development of discoveries in Mexico's offshore Area 1

Eni announces that Mexico’s National Hydrocarbon Commission (Comisión Nacional de Hidrocarburos, CNH) has approved the development plan for the discoveries of Amoca, Miztón and Tecoalli, located in Area 1 (Eni 100%), in the shallow waters of the Campeche Bay. ...

Aker BP acquires license portfolio from Total

Aker BP has entered into an agreement with Total EandP Norge to acquire its interests in a portfolio of 11 licenses on the Norwegian Continental Shelf for a cash consideration of $205 million. ...

Oil falls, U.S. inventories jump as trade war risks persist

Oil fell to the lowest in more than a week amid a surprise jump in U.S. crude inventories and an escalating trade dispute between the U.S. and China. ...

Royal IHC to perform major modification on McDermott pipelay vessel

Royal IHC has been awarded a contract to modify McDermott International Inc.’s pipelay and construction vessel AMAZON. It includes the delivery of an innovative and complete J-lay system to the Houston-based company. ...

U.S. crude production isn't growing as fast as expected

U.S. oil production is not growing as fast as predicted. ...

Oil's winners and losers emerge as crude prices surge

Crude prices rose to three-year highs, operating costs were down and profit was growing, but investors were unhappy when the major’s released their second-quarter earnings. ...

U.S. oil production isn't growing as fast as expected

U.S. oil production is not growing as fast as predicted. ...