Natural gas jumps to 5-week high on below-forecast supply gain
Natural gas futures jumped to a five-week high in New York after an EIA report showed that U.S. stockpiles expanded by less than forecast la...
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PSAC cuts 2015 Canadian drilling forecast in half
In its mid-year update to the 2015 Canadian Drilling Activity Forecast, released Thursday, the Petroleum Services Association of Canada (PSA...
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ION announces availability of reprocessed seismic data offshore Barbados
ION Geophysical has announced the completion of the company’s Barbados Reprocessing project, in coordination with the recent announcement of...
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Petrobras appoints Vale head Ferreira as chairman
RIO DE JANEIRO (Bloomberg) -- If guiding the biggest iron-ore miner through the worst price rout in a decade wasn’t enough, Murilo Ferreira ...
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Exxon, BP start production from Kizomba satellite fields, offshore Angola
BP has confirmed the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by Exxon...
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Subsea Services Alliance to build 15,000-psi intervention riser
Subsea Services Alliance has announced the first joint technology project between OneSubsea and Helix to engineer and manufacture a 15,000-p...
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Exxon profit beats estimates as output, refining margins expand
Exxon Mobil Corp. posted its biggest earnings surprise in at least a decade as output from oil wells surpassed expectations and refining mar...
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Exxon starts production from Kizomba satellite fields, offshore Angola
BP has confirmed the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by Exxon...
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Exxon beats estimates as output, refining margins expand
Exxon Mobil Corp. posted its biggest earnings surprise in at least a decade as output from oil wells surpassed expectations and refining mar...
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LoneStar Energy Fabrication completes $5.1-billion Big Foot project
LoneStar Energy Fabrication (LSEF) recently completed work on the $5.1-billion Big Foot drilling platform that is now ready to begin drillin...
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Petrobras concludes third well in Moita Bonita area, Sergipe basin
Petrobras has finished drilling well 3-BRSA-1296-SES, in concession BM-SEAL-10, Block SEAL-M-499, in the ultra-deep waters of the Sergipe ba...
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Newfield Exploration combines two operating units, closes offices
Newfield Exploration has announced plans to combine its Onshore Gulf Coast and Rocky Mountain business units into one operating region, loca...
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Barbados, BHP Billiton sign offshore exploration licences
The Government of Barbados and BHP Billiton have signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. More »
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ConocoPhillips reports loss as oil crash trumps spending cuts
ConocoPhillips, the third-largest U.S. energy producer, reported a loss as the pace of spending cuts failed to keep up with falling prices a...
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Oil crash spurs tycoon to write $3 billion off Cairn India
Billionaire Anil Agarwal-controlled Sesa Sterlite Ltd., which runs India’s largest onshore oilfield, took a $3-billion writedown after crude...
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Statoil adjusted profit beats estimates amid trading gains
Statoil ASA adjusted profit beat estimates in the first quarter on trading and refining as it wrote down the value of mainly U.S. shale asse...
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Barbados and BHP Billiton signs exploration licences
The Government of Barbados and BHP Billiton signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are...
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Kongsberg Maritime's engineering services and technology chosen for new West African FPSO
Kongsberg Maritime has been selected to supply a complete Electrical, Instrument and Telecom solution, including E-house, for the new Yinson...
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Newfield Exploration reorganizes regional operating units
Newfield Exploration announced plans to combine its Onshore Gulf Coast and Rocky Mountain business units into one operating region, located ...
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Conclusion of the third well in the Moita Bonita area, Sergipe's basin
Petrobras announces the conclusion of the well drilling 3-BRSA-1296-SES in Sergipe basin´s ultra-deep waters, in concession BM-SEAL-10, Bloc...
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Policy outlook for UK North Sea and Shale Sectors Poles Apart, says GlobalData Analyst
Will Scargill, GlobalData’s Senior Analyst covering Upstream Fiscal and Regulatory Regimes, says: “With the UK’s General Election just over ...
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LoneStar Energy fabrication completes work on $5.1 billion Big Foot project
Recently, LoneStar Energy Fabrication (LSEF) completed work on the $5.1 billion Big Foot drilling platform that is now ready to begin drilli...
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U.S. oil export ban is de facto sanctions regime against ourselves, Senate hears
U.S. Sens. Lisa Murkowski, R-Alaska, and Heidi Heitkamp, D-N.D., have urged their Senate colleagues to support an amendment to the Iran Nucl...
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Merger underway for leading remote communications firms
Emerging Markets Communications (EMC) has signed a definitive merger agreement to acquire MTN Communications (MTN), a leading provider of co...
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Khalid A. Al-Falih named Saudi Aramco chairman
RIYADHA (Bloomberg) -- Saudi Arabia’s King Salman named Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co., the world’s biggest crude e...
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Oil jumps as decline in Cushing stockpiles signals glut to ease
U.S. benchmark oil prices surged to a four-month high after stockpiles at the nation’s biggest storage hub fell for the first time since Nov...
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BP faces environmental scrutiny over drilling plans offshore Australia
Five years after the Gulf of Mexico oil spill poured millions of barrels of crude into the sea, BP is being challenged over its hunt for oil...
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Oil production weighs heavy on Venezuela, DW says
Few countries have been hit harder by falling crude oil prices in recent months than Venezuela; an OPEC member and the holder of the world’s...
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Expro reduces costs, optimizes production in North American market
Following the sharp fall in oil prices it has become increasingly important for operators to optimize costs and maximize production. Oilfiel...
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Maersk Drilling appoints new COO
Angela Durkin from Baker Hughes will join Maersk Drilling as the company’s new COO. Durkin will assume her new role on May 1 and report dire...
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Hess beats estimates as higher oil production trumps lower price
Hess Corp., which sold refineries and gasoline stations to focus on oil production, beat analysts’ earnings estimates as higher output made ...
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QER highlights need to modernize America’s energy policies, Murkowski says
U.S. Sen. Lisa Murkowski, R-Alaska, has offered to work with Energy Secretary Ernest Moniz to update the nation’s energy infrastructure and ...
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Golder Associates names new president, CEO
Golder Associates has appointed Dr. Hisham Mahmoud as its president and CEO. More »
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Ophir Energy acquires four deepwater PSCs offshore Indonesia
Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources . More »
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Gazprom Neft, Novatek JV brings third field onstream
Arktikgaz, a joint venture (JV) between Gazprom Neft and Novatek, has brought a third field, the Yaro-Yahinskoye, into production. More »
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Eni starts production from Cinguvu field, offshore Angola
Eni has started production, two weeks ahead of schedule, at Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the A...
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BP kicks off seven-year drilling program west of Shetland
BP, on behalf of the Schiehallion co-venturers Shell and OMV, has announced the start of drilling on Loyal field by the new-build, semisubme...
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Gazprom 2014 net income plunges 86% on foreign-exchange loss
OAO Gazprom, Russia’s natural-gas exporter, said profit fell 86% on soaring foreign exchange losses, while the ruble collapse helped it gene...
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Eni profit falls 46% on lower oil price, beats estimates
Eni SpA first-quarter profit beat analyst estimates as improved performance at its refining and gas businesses and a lower tax rate helped I...
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Honeywell introduces new fiberglass hard hat
Honeywell has introduced Fibre-Metal Roughneck P1 Hard Hat, a full-brim, fiberglass hard hat designed to provide heavy duty head protection ...
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OptaSense,Weatherford Partner to deliver integrated well surveillance solutions
OptaSense and Weatherford International have partnered in a strategic alliance to deliver integrated optical sensing solutions designed to o...
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High value oil and gas contracts awarded despite decline in overall quantity, finds EIC Monitor
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across global upstream, midstream...
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QER highlights need to modernize America’s energy policies, says Sen. Murkowski
U.S. Sen. Lisa Murkowski, R-Alaska, on Tuesday offered to work with Energy Secretary Ernest Moniz to update the nation’s energy infrastructu...
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Golder Associates appoints new President and CEO
Golder Associates has appointed Dr. Hisham Mahmoud as its President and CEO. More »
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Ophir Energy acquires four deepwater PSCs from Niko Resources
Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources . More »
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Golder Associates appoint new President and CEO
Golder Associates has appointed Dr. Hisham Mahmoud as its President and CEO. Dr. Mahmoud has been appointed to this role after an extensive ...
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Ophir Energy completes acquisition of four deepwater PSCs
Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources (Niko). Th...
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Anadarko names Darrell E. Hollek executive V.P. for U.S. onshore EandP
HOUSTON -- Anadarko Petroleum Corporation has announced that its board of directors has named Darrell E. Hollek as Executive V.P., U.S. Onsh...
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Flow testing starts at Antelope field in Papua New Guinea
PORT MORESBY, Papua New Guinea -- InterOil Corporation has begun flow testing at the Elk-Antelope gas field in Papua New Guinea as part of t...
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Oil, gas stocks outperform other assets in state pension funds, study finds
Returns on state pension funds from investments in oil and natural gas companies continue to provide strong earnings for public pension reti...
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EY: Oil’s new swing producer balances storage capacity amid low prices
As U.S. producers slashed spending, idled rigs, withheld completions, and neared the ceiling on domestic storage capacity, OPEC generally ma...
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Lamprell to build another high-spec jackup for NDC
National Drilling Company (NDC) of Abu Dhabi has exercised one of its existing options and awarded a contract to Lamprell for the constructi...
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Wood Group Mustang announces executive promotions
Wood Group Mustang has announced executive promotions and executive leadership team responsibilities. More »
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Statoil spuds Bister exploration well in Norwegian Sea
Statoil has started drilling the Bister exploration well (well 6407/8-7) in the Norwegian Sea, Faroe Petroleum, a partner in the well, has a...
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Wintershall finds oil near Kristin field in Norwegian Sea
Wintershall Norge, the operator of PL589, is about to complete the drilling of wildcat well 6406/2-8 in the Norwegian Sea. The well proved o...
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Russia plans to meet with OPEC before group’s June gathering
Russia, the world’s biggest energy exporter, will meet with OPEC before the group next gathers in June to discuss whether to adjust producti...
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Oil prices are BP’s unlikely ally as trading arm boosts profit
Low oil prices became an unlikely ally for BP Plc and Total SA during the first quarter as they boosted the profitability of their large tra...
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Faroe Petroleum spuds Bister well in Norwegian Sea
Faroe Petroleum has spud the Bister exploration well 6407/8-7, located in the Norwegian Sea. More »
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Wintershall discovers oil near Kristin field in Norwegian Sea
Wintershall Norge, operator of PL589, is about to complete drilling of wildcat well 6406/2-8, located the Norwegian Sea. The well has proved...
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Ugandan government scraps taxes on oil, gas, mining exploration
Uganda abolished taxes on its emerging oil, gas and mining exploration industries to encourage growth, Finance Minister Matia Kasaija said. ...
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BP’s deepwater oil hunt off Australia evokes Gulf disaster fears
Five years after the Gulf of Mexico oil spill poured millions of barrels of crude into the sea, BP is being challenged over its hunt for oil...
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Orphaned oil rejected by U.S. refiners sails to Asia
One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco—for th...
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Saudi prince sees ‘excellent’ oil market as kingdom meets demand
Saudi Arabia, the world’s biggest oil exporter, will meet any demand for its crude as the kingdom seeks to keep customers happy and maintain...
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UK government tells BP it would oppose any takeover, FT says
The UK government told BP Plc it would oppose the acquisition of the oil producer by a foreign company, the Financial Times reported. More »...
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Kosmos Energy reports play-opening gas find offshore Mauritania
Kosmos Energy announced Monday that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater...
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Japan’s Inpex buys stake in Abu Dhabi oil fields
TOKYO -- Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi, the Tokyo-based company sai...
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PetroChina, Sinopec surge on industry merger speculation
PetroChina Co. and China Petroleum and Chemical Corp., the nation’s two largest oil explorers, jumped by their daily trading limit in Shangh...
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Tullow rises after border ruling lets Ghana project proceed
Tullow Oil Plc gained in London after a tribunal ruling on a maritime border dispute between Ghana and Ivory Coast allowed an offshore oil p...
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Sterling Energy commences 3D seismic survey at Ambilobe Block off Madagascar
Sterling Energy has commenced its planned 3D seismic survey of 1,250 sq km over a high-graded portion of the Ambilobe Block, offshore Madaga...
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Texas proceeds against two shale disposal wells linked to seismic activity
The Texas Railroad Commission has initiated proceedings requiring the operators of two disposal wells in the area of Azle, Texas, to show ca...
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Texas proceeds against two shale injection wells linked to seismic activity
The Texas Railroad Commission has initiated proceedings requiring the operators of two disposal wells in the area of Azle, Texas, to show ca...
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Shell's pipeline transports first oil from Delta House platform in deepwater Gulf of Mexico
Shell Pipeline Company's Odyssey Pipeline System has successfully transported the first crude oil produced from the LLOG-operated Delta ...
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Shell's pipeline transports first oil from LLOG's Delta House platform in deepwater Gulf of Mexico
Shell Pipeline Company's Odyssey Pipeline System has successfully transported the first crude oil produced from the LLOG-operated Delta ...
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Oil at $65 could free 500,000 bopd from shale ’fracklog’
Oil needs to recover to $65/bbl for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is pr...
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Saudi Arabia’s solution to global oil glut: Pump even more crude
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels, and then pump even more. More »
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Gazprom signs cooperation agreement with Argentina's YPF
Alexey Miller, chairman of the Gazprom Management Committee, and Miguel Galuccio, CEO of Argentine national petroleum company YPF, signed a ...
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Premier Oil suspends Falklands well on BOP problem
Premier Oil’s Isobel Deep exploration well offshore the Falkland Islands has been temporarily suspended, Falkland Oil and Gas Limited, a par...
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163 members of Congress urge Obama admin to increase OCS energy production
U.S. Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, along with Sens. Tim Scott, R-S.C., Bill ...
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Ithaca Energy sells Norwegian business to MOL
Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge, for an initial consideration o...
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Cnooc retains annual output target as sales slump on lower crude
Cnooc Ltd., China’s biggest offshore oil and gas explorer, will keep its annual production target, undeterred by a 40% plunge in first-quart...
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Increased brownfield focus for ADIL
Independent energy consultancy ADIL has refocused its specialist brownfield project management team to help operators drive improved efficie...
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KrisEnergy spuds Gulf of Thailand exploration well
KrisEnergy has commenced drilling of the Rayrai-1 exploration well in Block G10/48 in the Gulf of Thailand with the Key Gibraltar jack-up ri...
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Saudi Arabia’s solution to global oil glut: Pump ever more crude
Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. More »
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Schlumberger to acquire ownership in Spectrum's Pelotas program
Spectrum has entered into a cooperation agreement with Schlumberger to acquire 50% ownership in Spectrum's Pelotas multiclient program. ...
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Ithaca Energy sells its Norwegian business to MOL
Ithaca Energy has entered into an agreement with MOL Nordsjon to sell its wholly owned subsidiary, Ithaca Petroleum Norge, for an initial co...
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Cameron introduces Jaguar Class self-elevating drilling unit
Cameron has introduced its new LETOURNEAU Jaguar Class self-elevating mobile offshore drilling unit. More »
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163 members of Congress urge administrator to increase energy production in outer continental shelf
U.S. Sen. Lisa Murkowski, R-Alaska, Chairman of the Senate Energy and Natural Resources Committee, along with Sens. Tim Scott, R-S.C., Bill ...
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Scientific Drilling acquires Marksman Ranging Technologies
Scientific Drilling International (SDI), a independent directional drilling and wellbore placement services company, acquired Marksman Rangi...
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Fugro sets seafloor drill water depth record
Fugro has set a new seafloor drill water depth record of 2,923 m while completing a combined sampling and piezocone penetration testing (PCP...
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Applus RTD wins non-destructive testing work for Kaombo development project
Applus RTD has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola. More »
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Freeport considers energy spinoff two years after diversifying
PHOENIX, Arizona (Bloomberg) -- Freeport McMoRan Inc. is considering spinning off energy assets two years after agreeing to acquire them for...
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Turning Bakken oil well waste water into clean geothermal power
CALGARY (Bloomberg) -- Oil fracing companies seeking to improve their image and pull in a little extra cash are turning their waste water in...
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USGS issues report on wastewater injection-induced earthquakes
The U. S. Geological Survey (USGS) has released a report that outlines a preliminary set of models to forecast how hazardous ground shaking ...
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Suncor awards Athabasca oil sands contract to Fluor
Fluor Corporation was awarded an engineering, procurement, fabrication and construction (EPFC) contract by Suncor Energy Oil Sands Limited P...
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U.S. shale fracklog triples as operators keep oil from market
Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse. More »
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OneSubsea awarded contract for BP West Nile Delta Taurus Libra
HOUSTON -- OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the ...
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IHS CERAWeek ’15: Gas leaders see small-scale LNG gaining momentum
HOUSTON -- At IHS CERAWeek '15 conference's 'Natural Gas Day', Daniel Yergin, Vice Chairman of IHS, chaired a plenary sessio...
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IHS CERAWeek ’15: Gas leaders see small-scale LNG gaining momentum
HOUSTON -- At IHS CERAWeek '15 conference's 'Natural Gas Day', Daniel Yergin, Vice Chairman of IHS, chaired a plenary sessio...
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BP sells stake in CATS pipeline for $486 million
BP has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partner...
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Offshore MMO spend to contract 12% in 2015, Douglas-Westwood says
Douglas-Westwood are forecasting a 12% decline in offshore maintenance, modifications and operations (MMO) expenditure compared to 2014, whe...
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Domino could trigger knock on effect for Black Sea investment, Wood Mackenzie says
Wood Mackenzie has presented its latest analysis of the competitiveness of Black Sea deepwater developments and the significant Domino disco...
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InterMoor completes mooring replacement project offshore Equatorial Guinea
InterMoor Inc., an Acteon company and part of its foundations and moorings business, finished replacing critical components in an FPU moorin...
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CNOOC brings Bohai Sea's Kenli 10-1 oilfield online
CNOOC has commenced production at the Kenli 10-1 oilfield in the Bohai Sea, the company said Thursday. More »
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BP’s Australian drilling to start later than expected in 2016
BP expects to start drilling an untapped oil frontier off the coast of southern Australia later than it had estimated, citing the potential ...
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Petrobras graft scandal finally has price tag: $2.1 billion
Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) following a five-month internal debate that shut...
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Pennsylvania's Lackawanna College invests in virtual well control training system
Check-6's Well Control VI (Virtual Instructor) training system has been purchased by Lackawanna College School of Petroleum and Natural ...
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Fugro commissions additional airborne laser bathymetry system for South West Pacific survey campaign
Fugro has commissioned an additional airborne laser bathymetry system to underpin its leading position in the development and application of...
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Half of U.S. fracing companies will be dead or sold this year
Half of the 41 fracing companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an exe...
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BP sells stake in CATS pipeline for $486 million
BP has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partner...
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Pennsylvania's Lackawanna College invests in virtual well control training system
Check-6's Well Control VI (Virtual Instructor) training system has been purchased by Lackawanna College School of Petroleum and Natural ...
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Offshore MMO spend to contract 12% in 2015, Douglas-Westwood says
Douglas-Westwood are forecasting a 12% decline in offshore maintenance, modifications and operations (MMO) expenditure compared to 2014, whe...
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Half of U.S. fracing companies will be dead or sold this year
Half of the 41 fracing companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an exe...
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Domino could trigger knock on effect for Black Sea investment, Wood Mackenzie says
Wood Mackenzie has presented its latest analysis of the competitiveness of Black Sea deepwater developments and the significant Domino disco...
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Fugro commissions additional airborne laser bathymetry system for South West Pacific survey campaign
Fugro has commissioned an additional airborne laser bathymetry system to underpin its leading position in the development and application of...
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InterMoor completes mooring replacement project offshore Equatorial Guinea
InterMoor Inc., an Acteon company and part of its foundations and moorings business, finished replacing critical components in an FPU moorin...
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CNOOC brings Bohai Sea's Kenli 10-1 oilfield online
CNOOC Ltd. has commenced production at the Kenli 10-1 oilfield in Bohai Sea on Thursday. More »
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BP’s Australian drilling to start later than expected in 2016
BP expects to start drilling an untapped oil frontier off the coast of southern Australia later than it had estimated, citing the potential ...
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Petrobras graft scandal finally has price tag: $2.1 billion
Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) following a five-month internal debate that shut...
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Lackawanna College receives technology grant; purchases Check-6's Well Control VI training system
Check-6's Well Control VI (Virtual Instructor) training system has been purchased by Lackawanna College School of Petroleum and Natural ...
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Furgo commissions additional airborne laser bathymetry system for South West Pacific survey campaign
Fugro has commissioned an additional airborne laser bathymetry system to underpin its leading position in the development and application of...
Read more »
Half of U.S. fracking companies will be dead or sold this year
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an ex...
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Weatherford raises job cuts target to 10,000
Weatherford has increased its workforce reduction target to 10,000 people, the service provider said Wednesday as it announced a 22% drop in...
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Weatherford raises job cuts to 10,000
Weatherford has increased its workforce reduction target to 10,000 people, the service provider said Wednesday as it announced a 22% drop in...
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Weatherford announces job cuts raised to 10,000
Weatherford has increased its workforce reduction target to 10,000 people, the service provider said Wednesday as it announced a 22% drop in...
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Not ‘critical’ for U.S. to lift oil export ban now, EIA chief says
The U.S. can wait to lift the ban on crude exports because slowing production will give refiners time to handle the type of oil produced in ...
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U.S. well completions down 8% in first quarter, API says
Estimated total U.S. oil and natural gas well completions decreased by 8% in the first quarter of 2015 compared to year-ago levels, accordin...
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ConocoPhillips deepwater wells disappoint offshore Angola, Gulf of Mexico
ConocoPhillips has struck out with two exploration wells, one offshore Angola and the other in the Gulf of Mexico, the company announced Wed...
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Gazprom accused of market-power abuse to raise EU gas prices
European Union regulators attacked OAO Gazprom’s pricing structure throughout the eastern part of the continent, further straining political...
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IHS CERAWeek 2015: Lukoil leader sees low oil limiting industry nationalism
The ongoing era of lower oil prices is set to be a driving force behind decreased resource nationalism, according to the president of Russia...
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IHS CERAWeek 2015: Lukoil leader sees low oil limiting industry nationalism
The ongoing era of lower oil prices is set to be a driving force behind decreased resource nationalism, according to the president of Russia...
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OTC, United Against Human Trafficking announce partnership
The Offshore Technology Conference, which takes place 4–7 May in Houston, and United Against Human Trafficking (UAHT) have announced a partn...
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Total sees deep water, LNG acquisition potential as oil falls
Total SA said it may take advantage of the slump in crude to make acquisitions that build on the strengths of Europe’s third-biggest oil com...
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Transocean names new president, CEO
Transocean Ltd. has named Jeremy D. Thigpen as the President and CEO effective Apr. 22. More »
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Statoil awards Ferus CO2 service contract for Bakken test well
Statoil has awarded a major carbon dioxide (CO2) supply and service contract to Denver-based Ferus LP, a provider of energized fluids (liqui...
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Det norske hits oil with Ivar Aasen appraisal wells
STAVANGER, Norway -- Det norske oljeselskap AS, operator of production licence 001 B, has completed the drilling of appraisal wells 16/1-21 ...
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Sembcorp Marine subsidiary wins FSO conversion contract for Gina Krog field
Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, has secured a floating storage and offloading (FSO) conversion contract fr...
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Noble Energy agrees to improve air emission controls in DJ basin
Noble Energy, Inc. has announced an agreement with the U.S. Environmental Protection Agency (EPA), the U.S. Department of Justice (DOJ) and ...
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CGG acquires Taurus Reservoir Solutions
CGG announced Wednesday that its GeoConsulting Business Line has acquired Taurus Reservoir Solutions Ltd., based in Calgary, Alberta. Taurus...
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Iraq oil output growth seen slow by BP, Lukoil on low prices
Growth in Iraq’s oil production capacity may slow as lower crude prices hurt the ability of OPEC’s number two producer to pay international ...
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Canada oil growth output poised to fall 59% after price collapse
Canada’s crude output growth will slow to 17,000 bpd by next year after oil lost half its value, according to the Canadian Energy Research I...
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Det norske hits oil at two wells in North Sea's Ivar Aasen field
Det norske, as operator of the Ivar Aasen field, has completed drilling of two geo pilot wells viz. 16/1-21 S and 16/1-21 A in the North Sea...
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Statoil awards Ferus major CO2 service contract in North Dakota
Statoil has demonstrated environmental and economic leadership by awarding a major carbon dioxide (CO2) supply and service agreement to Denv...
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Strongwell inks licensing and technology agreement with Fibratore
Strongwell Corporation, a company involved in pultrusion of fiber reinforced polymers (FRP), has entered into an exclusive licensing and tec...
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TAM International introduces premier cementable toe sleeve
TAM International has introduced a new technology, the TAM PosiFrac Toe Sleeve (PTS), as a part of its PosiFrac product line. More »
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Transocean appoints Jeremy D. Thigpen as President and CEO
Transocean Ltd. has named Jeremy D. Thigpen as the President and CEO effective Apr. 22. More »
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Baker Hughes reports 20% lower revenue, expects continued rig count drop
HOUSTON – The downdraft in the rig count looks set to continue as “unfavorable market conditions” persist throughout the second quarter, Bak...
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IHS CERAWeek 2015: Exxon Mobil's Tillerson says to “settle in” to lower price environment
Exxon Mobil CEO Rex Tillerson said that industry participants should accept the low pricing environment, as vast new sources of supply—espec...
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IHS CERAWeek 2015: Exxon Mobil's Tillerson says to “settle in” to different price environment
Exxon Mobil CEO Rex Tillerson said that industry participants should accept the low pricing environment, as vast new sources of supply—espec...
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IHS CERAWeek 2015: Exxon Mobil leader says to “settle in” to different price environment
The CEO of Exxon Mobil said that industry participants should accept the low pricing environment, as vast new sources of supply—especially i...
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Exxon Mobil president calls for urgent action on U.S. LNG exports
The U.S. is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the g...
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Gazprom said to get EU antitrust complaint on gas this week
OAO Gazprom will get an antitrust complaint from the European Union as soon as Wednesday in a two-year-old probe into gas pricing that’s bee...
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Operators to collaborate on Barents Sea exploration
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea. Mo...
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IHS CERAWeek 2015: Easy cash for oil industry to prolong slump, Occidental CEO says
Easy cash for oil explorers will prolong the supply glut that has slashed prices and profits by buoying companies that otherwise would shrin...
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World’s biggest oil trader says crude price can’t drop much more
Vitol Group, the world’s biggest independent oil trader, said the cost of finding and pumping crude will prevent prices from dropping much l...
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Norway launches expanded licensing round
OSLO, Norway -- Norway’s Ministry of Petroleum and Energy has announced this year’s licensing round for the geologically well know areas on ...
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Norway launches new licensing round
OSLO, Norway -- Norway’s Ministry of Petroleum and Energy has announced this year’s licensing round for the geologically well know areas on ...
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Exxon president calls for urgent action on U.S. LNG exports
The U.S. is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the g...
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Statoil and majors to collaborate on exploration in Barents Sea
Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea. Mo...
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Sen. Menendez, Congressman Pallone to introduce offshore drilling ban in Atlantic Ocean
On Monday, on the five-year anniversary of the Deepwater Horizon oil spill, Senator Bob Menendez and Congressman Frank Pallone have announce...
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Woodside withdraws from Rabat Deep permit offshore Morocco
Chariot has announced that its partner Woodside, in the Rabat Deep permit, offshore Morocco, has elected not to take operatorship and fund t...
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Deep Sea Supply appoints new CEO
Deep Sea Supply's Board of Directors has appointed Jon Are Gummedal as new CEO of the company. More »
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Senator plans Bill this year to lift U.S. oil export ban
U.S. Senator Lisa Murkowski, chairman of the Energy and Natural Resources Committee, plans to push for legislation this year that would remo...
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Iran oil return seen no closer as Obama seeks creative angle
The return of embargoed Iranian crude oil to global markets looks no more imminent than before President Barack Obama appeared to leave open...
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Big oil courts consumer allies in battle to end U.S. export ban
In a quest to overturn the decades-old restrictions on exporting American crude, the oil industry is seeking the help of an unlikely ally: c...
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Oil halts rally as U.S. crude stockpiles seen exacerbating glut
Oil halted its advance above $57/bbl before U.S. government data forecast to show crude stockpiles expanded further from a record. More »
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ABS appoints new CTO
ABS has appointed Howard Fireman to the position of Senior V.P. and Chief Technology Officer (CTO) in a move that strengthens alignment and ...
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Easy cash for oil industry to prolong slump, Occidental CEO says
Easy cash for oil explorers will prolong the supply glut that has slashed prices and profits by buoying companies that otherwise would shrin...
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BP readies defenses as oil industry responds to Shell’s BG raid
As the oil industry takes stock of Royal Dutch Shell’s $70 billion move for BG Group, one company has more to chew on than most. More »
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IHS CERA Week 2015: "Time to lift sanctions against crude oil exports"
HOUSTON -- On the opening day of IHS CERAWeek, Sen. Lisa Murkowski (R-Alaska), Chairman of the U.S. Senate Energy and Natural Resources Comm...
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Sen. Murkowski pursuing comprehensive energy bill, says time to lift the export ban
HOUSTON -- On the opening day of IHS CERAWeek, Sen. Lisa Murkowski (R-Alaska), Chairman of the U.S. Senate Energy and Natural Resources Comm...
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Halliburton beats estimates, boosts job cuts after oil crash
Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6-billion takeover of Baker Hughes Inc....
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AGR awarded frame agreement with DEA
Global oil and gas service company AGR has announced the award of a well engineering and operational support services contract with DEA Norg...
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Exxon and employees donate $10 million to Texas colleges, universities
Exxon Mobil and its employees are donating $10 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s ...
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Operators, governments commit to end routine gas flaring
Chief executives from major oil companies joined together with senior government officials from several oil-producing countries on Sunday to...
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Halliburton beats estimates as oil crash slows drilling
Halliburton Co., which is selling assets to win approval for its $34.6 billion takeover of Baker Hughes Inc., beat analysts estimates and re...
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Eni doubles output in Egypt’s Western Desert
Eni has reached a record level of production—70,000 bopd—in Egypt's Western Desert, doubling its output in the area in just three years....
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Operators, countries commit to end routine gas flaring
Chief executives from major oil companies joined together with senior government officials from several oil-producing countries on Sunday to...
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BG acquisition kick starts fulcrum year for mega gas: DW Monday
2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source, according to Douglas-Westwo...
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Repsol in Algerian gas discovery
Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria. More »
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Karoon encounters oil at Echidna-1 well in Santos basin
Karoon Gas Australia has confirmed a 213 m gross oil column in the Echidna-1 exploration well from wireline pressure data across the Paleoce...
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Oil resumes rally on China stimulus as U.S. rig count declines
Oil resumed its rally as China took steps to stimulate its economy and drillers in the U.S. reduced the number of active rigs to the fewest ...
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Colombia’s Ecopetrol may farm-out oil production stakes in 2015
Colombia’s state-controlled oil company Ecopetrol may farm-out some production assets as part of its effort to improve its portfolio, said S...
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Shale as world’s swing producer signals ‘jagged’ oil future
With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world’s new 'swing producer' by ev...
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Sen. Murkowski welcomes BLM cleanup of six NPR-A legacy wells
U.S. Sen. Lisa Murkowski, R-Alaska, congratulated Bureau of Land Management (BLM) officials in Alaska, on Friday, for completing the cleanup...
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U.S. Department of Transportation issues new crude-by-rail regulations
WASHINGTON, D.C. — The U.S. Department of Transportation (DOT) has announced a package of targeted actions that will address some of the iss...
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U.S. Department of Interior seeks greater revenue from onshore leases
WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on p...
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U.S. Department of Transporation issues new crude-by-rail regulations
WASHINGTON, D.C. — The U.S. Department of Transportation (DOT) has announced a package of targeted actions that will address some of the iss...
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GE faces ‘incredibly volatile’ oil market amid industrial shift
FAIRFIELD, Connecticut -- General Electric Co.’s sales of oilfield equipment fell in the first quarter as the slump in global crude markets ...
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Statoil chief says more oil deals likely after Shell-BG merger
WASHINGTON, D.C. -- The CEO of Norway’s largest oil producer said the industry will probably see more deals after Royal Dutch Shell’s $70 bi...
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U.S. oil rigs slide for 19th week as record retreat drags on
Oil explorers idled rigs in U.S. fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling. More »
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Nearly 3 MMbbl of arctic oil delivered to Europe, Gazprom Neft says
The Kirill Lavrov tanker has delivered a new batch of ARCO arctic oil to Europe in its sixth shipment of oil, Gazprom Neft announced Friday....
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Cameron names Justin Rounce as V.P., Marketing and CTO
Cameron has announced that Justin Rounce has assumed the newly created position of V.P., Marketing and CTO. More »
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Petrobras confirms productivity of Sergipe basin’s Farfan reservoirs
Petrobras has completed its formation test on well 3-BRSA-1286-SES, in concession BM-SEAL-11, in the ultra-deep waters of the Sergipe-Alagoa...
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TAM International establishes Norway office
TAM International, an independent oilfield services company providing inflatable and swellable packers to the oil and gas industry, has open...
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DNV GL forges ahead in enabling reduced subsea lead times
Steel forgings are important building blocks for subsea components and are often tailored to meet end-users’ specific requirements. This res...
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Petrobras discovers onshore oil in Espírito Santo basin
Petrobras has discovered an onshore oil accumulation in the Espírito Santo basin. More »
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Petrobras reports new Amazon basin discovery
RIO DE JANEIRO -- Petrobras has discovered a new oil and gas accumulation in the Amazon basin, Block AM-T-84. More »
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Santos nears start of $18.5-billion Gladstone LNG project
Santos Ltd. expects its $18.5-billion LNG project in Australia to start production in about five months, pushing the country closer to becom...
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BG Norge strikes out near Knarr field
BG Norge AS, operator of production license 373 S, is completing the drilling of exploration well 34/3-5, located approximately five km sout...
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TAM International establishes Norway office in response to Regional Growth
TAM International, an independent oilfield services company providing inflatable and swellable packers to the oil and gas industry, has open...
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Cameron names Justin Rounce as V.P., Marketing and Chief Technology Officer
Cameron announced that Justin Rounce has assumed the newly created position of V.P., Marketing and Chief Technology Officer (CTO), effective...
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Aker Solutions and Fjords processing form Alliance
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream ...
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Petrobras confirms good productivity of Sergipe Basin’s Farfan reservoirs
Petrobras announces it has completed the formation test (evaluation of an oil deposit’s potential) on well 3-BRSA-1286-SES (ANP nomenclature...
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Schlumberger profit falls, announces 11,000 additional job cuts
Schlumberger Ltd. reported its lowest first-quarter profit in four years and announced further 11,000 job cuts after customers slashed spend...
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Iran oil could hurt U.S. production if domestic sanctions remain
U.S. Sen. Lisa Murkowski, R-Alaska, drew attention to the potential impact that ending sanctions against Iran could have on U.S. production ...
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Schlumberger to cut 11,000 additional jobs
HOUSTON -- Schlumberger has announced it will ax another 11,000 workers, the Houston Chronicle has reported. More »
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Oil rises to four-month high on speculation production slowing
NEW YORK (Bloomberg) -- Oil rose to the highest level in almost four months on speculation that slowing production will ease a supply glut. ...
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Huisman’s first hybrid boom crane nears completion
Huisman has started final factory acceptance testing of its first 900-mt Rope Luffing Knuckle Boom Crane, now called the ‘Hybrid Boom Crane’...
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Shale wells turn to cash gushers as costs fall
The profitability of some U.S. shale wells at current prices will almost double as cost cutting and technology turns them into cash gushers ...
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ONGC breaks with Big Oil to invest $176 billion to increase reserves
India’s Oil and Natural Gas Corp., grappling with aging fields, is prepared to sacrifice profits by retaining a plan to pump 11 trillion rup...
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Petrofac develops maintenance program for Nexen's Golden Eagle field
Petrofac has completed a project for Nexen Petroleum UK Ltd.’s Golden Eagle Development Area, delivered through its Plant Asset Management c...
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Valemon officially opened, Statoil says
NORTH SEA -- Norway’s petroleum and energy minister, Tord Lien, has officially opened the Valemon gas and condensate field in the North Sea,...
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EPA highlights decline in methane emissions from natural gas production
A new EPA report shows continued decline in methane emissions from natural gas production, as operators capture and deliver more natural gas...
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TGS, Dolphin to conduct survey in Western Barents Sea
TGS has signed a joint venture agreement with Dolphin Geophysical to acquire 4,500 km2 of 3D multi-client seismic data over the western part...
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Saudi Arabia adds half a Bakken to global oil market in a month
Saudi Arabia led a surge in OPEC crude oil production in March. More »
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Iona Energy announces Huntington back onstream
Iona Energy has announced that the four production wells at Huntington field in the UK North Sea are now fully back onstream. More »
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Technip bags FEED contract for China’s first two tension leg platforms
Technip and its consortium partner China Offshore Oil Engineering Company (COOEC) have been awarded a FEED contract by CNOOC Ltd. or two ten...
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GEA delivers first retrofit plant for the treatment of drain water
With two centrifuge skids for the treatment of so-called drain water, GEA's Business Unit Mechanical Separation has recently delivered t...
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Hydro Group, EnerMech join forces to develop new product innovation
Hydro Group, subsea cable and connector specialist, has teamed up with EnerMech, a mechanical engineering group, to launch an innovative new...
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Upstream MandA activity takes $2 billion slump in March 2015, GlobalData says
Merger and Acquisition (MandA) values in the upstream oil and gas sector decreased significantly to $829.8 million in March 2015, compared w...
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U.S. oil output keeps climbing even as producers drill fewer wells
HOUSTON (Bloomberg) -- The U.S. keeps pumping oil at a near-record pace, in spite of the collapse in prices over the past year and cutbacks ...
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Oil rises to 2015 high as data signals end of U.S. supply surge
NEW YORK (Bloomberg) -- Oil surged to the highest level of the year, as a break in the U.S. shale boom signaled a potential easing of the bi...
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U.S. becoming net energy exporter for first time since 1950s
NEW YORK (Bloomberg) -- The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the...
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Anadarko may sign Mozambique gas-supply deals in coming months
MAPUTO, Mozambique (Bloomberg) -- Anadarko Petroleum Corp. may soon close sales accords, enabling it to this year authorize a Mozambican pro...
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Regulations breached in Mærsk Giant lifeboat incident, PSA Norway finds
The investigation by Petroleum Safety Authority Norway (PSA) into the unintentional launch of a lifeboat on Mærsk Giant has been completed, ...
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Mexico’s first bidding round struggling to remain attractive, GlobalData says
While the latest revisions to the terms for shallow water areas in Mexico’s first licensing round have increased the attractiveness of the P...
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Arcticgas brings Yaro-Yakhinskoye field onstream
OAO Novatek has announced that Arcticgas—a joint venture between Novatek and Gazprom Neft—has launched Yaro-Yakhinskoye field, which is the ...
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Gazprom Neft continues evaluating Siberian fields
Gazprom Neft has begun the drilling of three exploratory wells at its Chonsky project in Eastern Siberia—one each at its Ignyalinsky, Vakuna...
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KrisEnergy's Rossukon-3 well hits oil, gas offshore Thailand
KrisEnergy has announced that the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand has encountered oil and gas bearing sandstone...
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Supermajors Q1 earnings to be the weakest in recent memory: Douglas-Westwood
Despite major cost reduction measures, first-quarter earnings for supermajors are expected to be the weakest in recent memory, according to ...
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Amec Foster Wheeler bags BP operations, maintenance contract
Amec Foster Wheeler has been awarded a contract by BP to provide operations, maintenance and project support for the Forties Pipeline System...
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LGO spuds first well of 2015 Goudron program
LGO has started drilling the first well in its 2015 seven-well development program at Goudron field in Trinidad. More »
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Southern England oil discovery estimates wildly optimistic, GlobalData says
The recent announcement by UK Oil and Gas Investments that there could be up to 100 Bbbl of oil onshore beneath the South of England, follow...
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Oil CEO wages immune to price slump as shareholders vote on pay
Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their CEOs have so far proved immune. Mo...
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IEA sees OPEC supply jumping most in four years on Saudi surge
OPEC production climbed by the most in almost four years as Saudi Arabia, Iraq and Libya boosted output amid a stronger outlook for global o...
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Amec Foster Wheeler bags $73-million contract from BP in North Sea
Amec Foster Wheeler has been awarded a contract by BP to provide operations, maintenance and project support for the Forties Pipeline System...
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Swiber secures $133 million EPIC contract in India
Swiber Holdings has secured a $133 million contract, the third major award in India in the last three months, for engineering, procurement, ...
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Supermajor's first quarter 2015 earnings to be the weakest in recent memory: Douglas-Westwood
Despite major cost reduction measures, first quarter 2015 earnings for supermajors are expected to be the weakest in recent memory, reports ...
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Federal energy forecast shows need for 'all-of-the-above': API
The latest U.S. Energy Information Administration's Annual Energy Outlook shows that America’s oil and natural gas production will conti...
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KrisEnergy's third Thailand well hits oil and gas
KrisEnergy has announced that the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand has encountered oil and gas bearing sandstone...
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VAALCO brings Gabon's Etame 12-H well online
VAALCO Energy has announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. More »
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Oil reaches one-week high on speculation output growth slowing
NEW YORK (Bloomberg) -- Oil rose to a one-week high, amid speculation U.S. production growth is slowing. More »
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Gazprom plans $4 billion extra spending in 2015 to target China
MOSCOW (Bloomberg) -- Russia’s natural gas exporter is planning $4 billion of additional investments this year to prepare for the start of s...
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Iran joins OPEC member Libya calling on group to cut oil output
TEHRAN (Bloomberg) -- Iran became the second OPEC member this month to call on the group to reduce oil production ahead of its June meeting ...
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Oil-rich nations selling assets at record pace
LONDON (Bloomberg) -- In the heady days of the commodity boom, oil-rich nations accumulated billions of dollars in reserves they invested in...
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Deloitte Center for Energy Solutions names Andrew Slaughter as new executive director
HOUSTON -- Deloitte has appointed Andrew Slaughter as its new executive director for The Deloitte Center for Energy Solutions. More »
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IFR forms Mexican subsidiary to develop potential oil and gas assets
HOUSTON -- International Frontier Resources Corporation has formed a Mexican subsidiary, Petro Frontera S.A.P.I de CV (Frontera). More »
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Eco-Engineering Solutions selects Paradigm Sysdrill for well planning and drilling engineering
HOUSTON -- Paradigm has announced that Eco-Engineering Solutions, an independent, Houston-based provider of consulting and outsourcing servi...
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Sakhalin-1 sets new extended reach drilling record, Rosneft says
MOSCOW, Russia -- Rosneft, as part of Sakhalin-1 consortium, has finished drilling the world’s longest well—production well O-14—at Chayvo f...
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Bibby Offshore christens new IRM vessel in Norway
Bibby Offshore officially christened the IRM (inspection, repair and maintenance) light construction vessel Olympic Bibby at the Kleven Ship...
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Wood Group secures 5-year EnQuest contract
Wood Group PSN has been awarded a five-year contract by EnQuest to provide engineering, design, construction, procurement and commissioning ...
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Lundin reports first oil from Malaysia’s Bertam field
Lundin Petroleum’s wholly owned subsidiary Lundin Malaysia achieved first oil from Malaysia's Bertam field on April 5, the company annou...
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Sakhalin-1 sets fastest extended reach drilling record
Rosneft, as part of Sakhalin-1 consortium, has successfully completed drilling of the world’s longest well at the Chayvo field. More »
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Technip wins subsea contract on Triton FPSO
Technip has been awarded a brownfield subsea contract for the Triton FPSO vessel, operated by Dana Petroleum, located in the central North S...
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NEB launches online Pipeline Incident Map for Canada
The National Energy Board (NEB) has launched an online interactive Pipeline Incident Map that offers Canadians the opportunity to view all p...
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Bibby Offshore christens its new IRM vessel in Norway
Bibby Offshore officially christened the IRM (Inspection Repair and Maintenance) light construction vessel, the 'Olympic Bibby', at ...
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Yemen LNG halts production as fighting worsens security at plant
Yemen halted output and exports from the country’s sole LNG plant as fighting in the area worsens. More »
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Industry has led safety improvements for blowout preventers: API
American Petroleum Institute Upstream Group Director, Erik Milito, said that, proposed federal regulations released on Monday for well contr...
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IADC welcomes BSEE proposed rule on BOP, well control requirements
IADC President and CEO Stephen Colville said, “IADC welcomes regulation that is both sensible and transparent and we are very interested in ...
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UKOG acquires 100% interest in Weald basin PEDL126 onshore license
UKOG has completed the acquisition from Magellan Petroleum of a 40% interest in the Weald basin onshore licence PEDL126, containing the Mark...
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Shale oil boom seen ending in May following price collapse: EIA
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt. More »
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Shale oil boom seen ending in May following price collapse
The shale oil boom that pushed U.S. crude production to the highest level in four decades is grinding to a halt. More »
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Obama admin releases draft offshore well control regulations
U.S. Secretary of the Interior Sally Jewell has unveiled proposed regulations for offshore well control. The measures include more stringent...
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OPEC seen wrong by Oman to target market share over oil price
OPEC is making a mistake by seeking to preserve its share of global crude sales amid a global production glut instead of trimming output to ...
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Cash flow breakevens down by $20, but low prices will need deeper cuts: Wood Mackenzie
The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector. According to Wood Mackenzie, the pri...
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Noble Energy adds acreage in the Falklands
Noble Energy has acquired a 75% interest in, and operatorship of, the PL001 License in the North Falkland basin from Argos Resources Limited...
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Volant launches DeltaTORQ Rings
The Volant Group of Companies has announced the DeltaTORQ Ring (DTR), which was developed to provide additional torsion capacity in casing a...
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Statoil makes another gas discovery in Aasta Hansteen area
Statoil, together with its partners in PL602, has made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second d...
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Delmar Systems installs new spooling unit in Karratha, Western Australia
Delmar Systems has installed a new 170 mT state-of-the-art spooling unit at its equipment yard in Karratha, Western Australia, to support mo...
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Polarcus marks halfway point on Capreolus survey
Polarcus has reached the 50% completion milestone in the acquisition of the Capreolus 3D multi-client project, the largest single 3D survey ...
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Subsea 7 bags $200-million contract offshore Brazil
Subsea 7 has been awarded a contract worth approximately $200 million with a duration of approximately two years. More »
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BP standardizes on Schlumberger technology for new global software platform
Schlumberger has announced that the Petrel EandP software platform will support BP’s new digital technology roll out. More »
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Ithaca Energy reports 8,000 boed flow test from new Stella field well
Ithaca Energy has completed flow test operations on the fifth and final development well on Stella field, with the well achieving a flow rat...
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TGS cuts 10% of workforce in cost reduction program
TGS has announced a cost reduction program, which will include cutting more than 10% of the company’s global workforce, in response to the d...
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Oil bulls boost wagers by most since ‘10 as output seen peaking
Speculators increased bullish oil bets by the most in more than four years, wagering that the U.S. production boom is slowing. More »
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Jee secures subsea integrity management contract with E.ON EandP
Jee Ltd., an independent multi-discipline subsea engineering and training firm, has secured a contract with E.ON Exploration and Production,...
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Greenpeace climbers leave Shell's Arctic-bound oil rig
The six climbers who safely intercepted, scaled, and set up camp on an Arctic-bound Shell oil drilling rig in the Pacific came down on Apr. ...
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Subsea 7 bags $200 million worth contract offshore Brazil
Subsea 7 has been awarded a contract worth approximately $200 million with a duration of approximately two years. More »
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Statoil hits gas in Roald Rygg prospect in Norwegian Sea
Statoil, together with PL602 partners has made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. More »
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Delmar Systems installs new spooling unit in Karratha, WA
Delmar Systems has installed a new 170 mT state-of-the-art spooling unit at its equipment yard in Karratha, Western Australia to support moo...
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Volant launches DeltaTORQ rings for casing and tubing connections
The Volant Group of Companies has launched the DeltaTORQ Ring (DTR) which is developed to provide additional torsion capacity in casing and ...
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BP to use Schlumberger technology for new global software platform
Schlumberger has announced that the Petrel EandP software platform will support BP’s new digital technology roll out. More »
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BOEM kicks off formal review of Shell's Arctic drilling plan
The U.S. Bureau of Ocean Energy Management (BOEM) deemed Shell Gulf of Mexico, Inc.’s revised multi-year Chukchi Sea exploration plan (EP) a...
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GE’s pivot from finance sets up oilfield deals
Jeffrey Immelt, poised for the biggest restructuring push on his watch at General Electric Co., is plotting acquisitions to complement an in...
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U.S. rigs fall below 1,000 for first time since ’09: Baker Hughes
HOUSTON – The U.S. rig count has dropped below 1,000 for the first time since September 2009, according to the latest data from Baker Hughes...
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Inventory of uncompleted wells offers opportunities for some operators: IHS
Faced with continued market uncertainty due to falling oil prices in late 2014, U.S. oil producers operating in shale plays, such as the Eag...
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Uncompleted wells offer opportunities for handful of operators, IHS says
Faced with continued market uncertainty due to falling oil prices in late 2014, U.S. oil producers operating in shale plays, such as the Eag...
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Cobalt abandons well in deepwater GoM due to riser failure
Cobalt International Energy has plugged and abandoned its North Platte #2 appraisal well in the deepwater Gulf of Mexico due to a seal failu...
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Inpex awards Ichthys LNG contract to Petrofac
Petrofac has been awarded an Integrity and Maintenance Program Development contract by Inpex for the Ichthys LNG Project. More »
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Offshore operations safer than ever, API says
Advances in technology, standards and practices in the last five years have made America’s offshore oil and natural gas industry safer than ...
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Statoil, Siemens develop subsea hydraulic power unit
MUNICH, Germany -- Siemens and Statoil have jointly developed and qualified a subsea hydraulic power unit for use in offshore oil and gas fi...
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Woodside completes deal on Apache Corp.’s Kitimat LNG stake
PERTH, Australia -- Woodside entered into a binding transaction with Apache Corp. in December to acquire Apache’s Australian Wheatstone LNG ...
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DeepOcean wins Statoil SURF contract
DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has been awarded the riser installation contract for the Kristin and Heidrun platf...
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Total makes discovery east of North Sea’s Skirne field
Total EandP Norge AS, operator of production license 627, is about to complete the drilling of wildcat well 25/6-5 S. More »
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Latest China plan for emergency oil will hold 37 days of imports
China is seeking to hoard crude supplies equivalent to about 37 days of imports in its latest plan to build emergency stockpiles amid a coll...
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U.K. industrial output barely rises as oil and gas declines
U.K. industrial production rose less than economists forecast in February as stronger manufacturing output was offset by a drop in oil and g...
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Exports are last viable outlet for U.S. crude oversupply, says Platts
Current policies that limit exports of domestically produced U.S. crude oil could end the staggering growth of North America's oil secto...
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Cobalt abandons well in deepwater GoM due to riser faliure
Cobalt International Energy has plugged and abandoned its North Platte #2 appraisal well in the deepwater Gulf of Mexico due to a seal failu...
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Oil heads for 4th weekly gain as Iran disputes nuclear framework
Oil headed for the longest stretch of weekly gains since February 2014 as Iran disputed the framework for a nuclear deal with world powers t...
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WorleyParsons wins Equatorial Guinea Block R Project work from Ophir
WorleyParsons has inked an agreement with Ophir Equatorial Guinea Ltd. for provision of engineering and project management services for thei...
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Baker Hughes suspends well count amid oil downturn
Baker Hughes Incorporated has suspended the quarterly publication of the U.S. onshore well count, the company announced Thursday. More »
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Argentina files criminal charges against Falklands explorers
Argentina has filed criminal charges at the general prosecutor’s office in Buenos Aires against oil companies Rockhopper Exploration Plc, Pr...
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Libya official calls for OPEC output cut to make room for Iran
The Organization of Petroleum Exporting Countries should reduce crude production by at least 800,000 bpd in order to make room for a possibl...
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Terves commercializing second-generation disintegrating frac balls
Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully depl...
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Terves commercializing seond-generation disintegrating frac balls
Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully depl...
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Ice-class LNG carrier SCF Mitre to operate under Shell charter
A naming ceremony was held in South Korea for SCF Mitre, the fourth vessel in a series of Atlanticmax-type LNG carriers built for Sovcomflot...
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Statoil's Yeti prospect proves oil in Gulf of Mexico
Statoil has reported an oil discovery in its Miocene Yeti prospect in the Gulf of Mexico. More »
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Saudi Arabia’s Muhanna sees oil recovering from ‘temporary’ drop
The decline in oil prices is “temporary,” and crude is steadying at $55–60/bbl amid stronger global demand, an adviser to Saudi Arabia’s oil...
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Bankers on wrong side of drillers' $26 billion hedge
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance the...
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BG scoop secures Shell’s deepwater, LNG status: Wood Mackenzie
"First mover advantage secures Shell industry leading positions in deepwater oil and LNG," says Tom Ellacott, V.P. of corporate an...
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Deferred completions slowing supply to U.S. market, Genscape says
The crude oil contango market in the U.S. has created a massive incentive to store oil and, while traditional storage hubs reach record high...
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Apache Corp. sells Australian operations for $2.1 billion
Apache Corporation has signed an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds m...
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Nutech confirms major oil find under Southern England
UK Oil and Gas Investments has announced that U.S.-based Nutech Ltd estimates that the Horse Hill-1 (HH-1) well in the Weald basin has a tot...
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GE, Pertamina to partner in developing drilling solutions
GE has signed a Memorandum of Understanding with Pertamina Drilling Services Indonesia to cooperate in developing integrated solutions for o...
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Total EandP Angola awards Kaombo contract to DNV GL
LUANDA, Angola -- Total EandP Angola has awarded the marine warranty services (MWS) contract for their flagship Kaombo project. More »
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TGS, Polarcus sign LOA for 3D surveys in Northwest Europe
TGS has signed a Letter of Award (LOA) with Polarcus for the acquisition of 3,000 km2 of 3D seismic data in Northwest Europe, with a potenti...
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PetroChina catches Exxon as world’s most-valuable oil company
PetroChina has passed Exxon Mobil as the biggest energy company by market value for the first time since 2010 on Thursday. More »
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Drillers’ $26 billion oil-hedge gain spreads price-drop pain
For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance the...
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Premier Oil spuds Isobel Deep well in Falkland Islands
Falkland Oil and Gas Ltd. has announced that the 14/20-1 Isobel Deep exploration well was spudded, by Premier Oil as operator, on Wednesday....
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Center for Offshore Safety report highlights U.S. offshore oil and gas industry's safety performance
New data from industry operations and independent third-party audits reveals the U.S. offshore oil and natural gas industry's highest co...
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Apache sells its Australian operations for $2.1 billion; exits Australian market
Apache Corporation has signed an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds m...
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Survivex to provide training management services to Hercules Offshore
Survivex, a health and safety training company, has signed a contract with Hercules Offshore for the provision of a fully outsourced Trainin...
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Twiflex introduces new caliper brake for drill topdrive applications
Twiflex has launched the new T30 hydraulic pressure applied, modular caliper brake which is developed to meet the high performance and limit...
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Oil slumps most in two months, as supply gain adds to record glut
NEW YORK (Bloomberg) -- Oil posted its biggest one-day slump in two months after U.S. crude inventories jumped the most in 14 years. More »
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ABB opens automation and power service office in Louisiana
ABB has opened a new local service office near Lake Charles, Louisiana. The office will provide services and support for ABB’s automation an...
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If history is any guide, big deals signal oil market bottoming
LONDON (Bloomberg) -- Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself, as Shell...
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ConocoPhillips bets big on shale in shift to U.S. and Canada
HOUSTON (Bloomberg) -- ConocoPhillips is making a massive wager on the future of shale drilling, pledging to spend 50% more over the next th...
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Alfa Laval expands LNG solutions portfolio with DSME agreement
Alfa Laval has entered into a patent license agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the use of DSME’s patents ...
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Woodside hits gas offshore Western Australia
Woodside Petroleum's Pyxis-1 exploration well, in production license WA-34-L, has intersected approximately 18.5 m of net gas within its...
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Pancontinental withdraws from Kenya's L10B Block
Pancontinental Oil and Gas has served a notice of withdrawal on BG Kenya L10B Ltd., the only remaining participant and operator of Kenya Lic...
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Seismos secures $4 million funding for flow monitoring
Seismos Inc., a provider of real-time subsurface fluid flow monitoring for oil and gas production optimization, has secured funding of appro...
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Cortez Subsea signs alliance in Malaysia
Cortez Subsea has established its first foothold in the Malaysian oil and gas sector after signing an exclusive agreement with a major playe...
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Buying BG gives Shell solution to stranded Australian gas assets
Royal Dutch Shell is seeking an outlet for its natural gas reserves in Australia’s Queensland state. Its $70 billion purchase of BG Group pr...
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Saudi Arabia sees crude price rising as it boosts oil production
Saudi Arabia increased oil production in March to the highest in at least 12 years and expects crude prices to rise in the “near future,” ac...
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Iran oil deal to fan OPEC discord as Saudis defend market share
Saudi Arabia has impressed analysts and traders alike with its determination to keep oil flowing amid the selloff. Now the potential re-emer...
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Lagos - Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November ...
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Mkpoikana Udoma Port Harcourt - The Ijaw Youth Council, IYC worldwide has threatened to shut down the head office of the Niger Delta Develop...
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Cape Town/Moscow - South Africa’s national oil company PetroSA and Russia’s state geological company Rosgeologia are in talks to finalize a ...
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Lagos - Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November ... -
Mkpoikana Udoma Port Harcourt - The Ijaw Youth Council, IYC worldwide has threatened to shut down the head office of the Niger Delta Develop...