News

Bibby Offshore secures multi-million North Sea contract

Published May 22, 2018 at 4:32 pm
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has secured a two-phase multi-million pound contract with a leading oil and gas and production company.

Proserv unveils new Great Yarmouth Centre of Excellence

Published May 22, 2018 at 4:32 pm
Energy services company, Proserv officially opened its new purpose-built Centre of Excellence today within Great Yarmouth’s Beacon Park.

Industry, government seen better prepared for 2018 hurricane season

Published May 22, 2018 at 2:21 pm
Governments at every level and all parts of the US oil and gas industry have learned from past extreme weather events and are better prepared for the 2018 Atlantic Hurricane Season, officials from six national trade associations generally agreed on May 22. 

Offset to SDX Egyptian strike noncommercial

Published May 22, 2018 at 2:00 pm
The second of two near-field prospects offsetting the SDX Energy Inc. SD-1X discovery north of Cairo, Egypt, is not commercial, the operator said. The well, Kelvin-1X, reached 8,075 TD and encountered 606 net ft of high-quality reservoir in Upper Miocene Abu Madi sands with average porosity of 21%. But gas saturation was low. 

Etinde appraisal well spudded off Cameroon

Published May 22, 2018 at 1:28 pm
New Age Cameroon Offshore Petroleum SA has spudded the first of two appraisal wells planned this year on the Etinde license area offshore Cameroon.

Industry, government seen better prepared for 2018 hurricane season

Published May 22, 2018 at 12:47 pm
Governments at every level and all parts of the US oil and gas industry have learned from past extreme weather events and are better prepared for the 2018 Atlantic Hurricane Season, officials from six national trade associations generally agreed on May 22.

EIA: U.S. remains the world’s top producer of petroleum and natural gas hydrocarbons

Published May 22, 2018 at 12:46 pm
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high.

Chemical Safety Board chair to resign next month

Published May 22, 2018 at 12:04 pm
US Chemical Safety Board Chair and Chief Executive Vanessa Allen Sutherland announced she will resign next month. Board members will be required to vote on an interim executive, unless and until the White House nominates and the Senate confirms a new chair, the 20-year-old independent federal agency said on May 21.

Buru Energy farms out half of Ungani oil field

Published May 22, 2018 at 11:51 am
Roc Oil Co. Ltd., a wholly owned subsidiary of Hong Kong-based Fosun International Ltd., has agreed to acquire 50% interest in Perth firm Buru Energy Ltd.’s Ungani oil field production licenses L20 and L21 in the onshore Canning basin of Western Australia for $64 million (Aus.).

Santos rejects $10.9-billion Harbour offer as too low, too risky

Published May 22, 2018 at 11:06 am
Santos Ltd. rejected Harbour Energy Ltd.’s $10.9-billion final offer and terminated talks, saying its proposal was too low and too risky.

SDX Energy’s Kelvin-1X well disappoints in Egypt

Published May 22, 2018 at 11:06 am
SDX Energy's Kelvin-1X well dissapoints in Egypt

Norway’s $1-trillion wealth fund moves closer to oil exit

Published May 22, 2018 at 11:06 am
Norway’s $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.

Kenya drops budget cap to reach oil-cash deal, lawmakers say

Published May 22, 2018 at 11:06 am
Kenya agreed to drop budget-allocation limits for oil-rich counties in order to break a deadlock in passing a revenue-sharing law that’s delayed production.

MARKET WATCH: Crude oil benchmarks gain after US demands on Iran

Published May 22, 2018 at 10:49 am
Brent crude oil prices approached $80/bbl during the May 22 trading session in London a day after US Sec. of State Mike Pompeo outlined demands on May 21 that Iran must meet before US officials would agree to enter a new nuclear agreement with Iran.  

Crude rises as Venezuela sanctions stoke crude supply risk concern

Published May 22, 2018 at 9:35 am
Crude extended its three-year high as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles.

Aker BP granted drilling permit for appraisal wells southeast of Alvheim field

Published May 22, 2018 at 9:35 am
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-12 S and well 25/4-12 A, cf. Section 15 of the Resource Management Regulations.

ASHCOR announces high pressure low pressure flare

Published May 21, 2018 at 8:18 pm
ASHCOR LLC announced the public launch of its High Pressure Low Pressure (HPLP) flare system for primary use in upstream oil and gas applications.

ADNOC and ISPRL celebrate arrival of first crude oil shipment for Mangalore strategic reserve

Published May 21, 2018 at 6:55 pm
A delegation from the Abu Dhabi National Oil Company (ADNOC) attended, a special event at the Karnataka oil storage facility, in the Indian city of Mangalore, to celebrate the unloading of the first cargo of ADNOC crude oil sent to the Indian Strategic Petroleum Reserves Ltd (ISPRL).

China trade truce may help give U.S. LNG a $30-billion boost

Published May 21, 2018 at 5:21 pm
China’s appetite for U.S. liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war.

Suez, Halvorsen TEC to supply seawater sulfate removal system for Johan Castberg project

Published May 21, 2018 at 5:21 pm
After completing an engineering and design study for a seawater sulfate removal unit (SRU) system to help protect production wells for its Johan Castberg project in Norway, Statoil awarded a consortium, led by SUEZ and Halvorsen TEC, the contract to supply the equipment and complete the project.

Ingram adds exploration to Anadarko role

Published May 21, 2018 at 5:14 pm
Mitch Ingram has been named executive vice-president, international, deep water, and exploration at Anadarko Petroleum Corp. He will oversee international and deepwater operations as well as global exploration and project management.

New York AG’s fall boosts freedom, won’t hurt climate agenda

Published May 21, 2018 at 3:19 pm
Climate extremism will survive a single extremist’s fall from grace. Still, the resignation amid scandal of New York Atty. Gen. Eric Schneiderman illuminates a political movement choking on self-righteousness.

DOD report suggests limits to oil, gas activity in eastern gulf

Published May 21, 2018 at 3:08 pm
The US Department of Defense considers the eastern Gulf of Mexico an irreplaceable national asset for developing and maintaining combat force readiness where sufficient surface limits and activity restrictions would need to be developed if oil and gas exploration and production was to be allowed there, DOD said.

Watching Government: RFS maneuvers remain political

Published May 21, 2018 at 2:59 pm
It was far from certain as of May 15 what the Trump administration specifically would do to address renewable fuel quota problems, which led to a much-ballyhooed White House meeting a week earlier. The continuing pure politics of the situation were blindingly obvious, however.

Pruitt signs memo outlining NAAQS ‘back to basics’ review process

Published May 21, 2018 at 2:55 pm
US Environmental Protection Agency Administrator E. Scott Pruitt signed a memorandum describing a “back to basics” process for reviewing the federal Clean Air Act’s National Ambient Air Quality Standards (NAAQS).