Cameron launches new wireless, API-compliant flow computer
Cameron (NYSE: CAM) announced the launch of the Scanner 3100 and 2100 model flow computers – introducing wireless, API-compliant flow comput...
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Russia-Ukraine gas talks set to focus on price as EU seeks deal
Russia and Ukraine were poised to wrangle over natural-gas prices at talks brokered by the European Union, which seeks to secure an agreemen...
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Russia-Turkey gas pipeline deal said to stall on price dispute
Russia’s plan to build a new $15 billion pipeline to Turkey is at risk of delay because of a fight over gas prices, according to people with...
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VAALCO Energy names new COO
VAALCO Energy has announced that Cary Bounds will join VAALCO as the company’s new COO, effective July 6. More »
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Logan Industries to supply CCTLF system for Maersk drillship
Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for M...
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Statoil submits $115-million development plan for Gullfaks area
Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks license to Norway’s M...
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BP, Anadarko rejected by top U.S. court on Macondo spill fines
The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potent...
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DCP Midstream Partners' Lucerne 2 plant now serving DJ Basin
DCP Midstream Partners' new 200 MMcfd Lucerne 2 natural gas processing plant is now in service, increasing the partnership's process...
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Technip wins contract for FPSO destined for Libra field
Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. More »
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CNOOC starts production at Bozhong 28/34 oilfields comprehensive adjustment project
CNOOC Limited’s Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. The Bozhong 28/34 oilfields are located i...
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Wood Group acquires BETA Machinery Analysis
Wood Group has acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis ...
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Rig rout puts smaller drillers in front as majors scale back
LONDON (Bloomberg) -- Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies ...
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Oil holds losses below $60 as nuclear talks set to miss deadline
Oil held losses below $60 bbl as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. More »
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BP, Anadarko rejected by top U.S. court on Gulf spill fines
The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potent...
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DCP Midstream Partners' Lucerne 2 plant now serving the prolific DJ Basin
DCP Midstream Partners announced its new 200 MMcfd Lucerne 2 natural gas processing plant is now in service, increasing the Partnership'...
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Xodus secures new ZADCO vibration contract
Xodus Group has been awarded a contract for the vibration assessment and analysis on the oil train piping and structures for Zakum Developme...
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New appointments and mergers at Ministry of Mines, Industry and Energy and GEPetrol will strengthen Equatorial Guinea oil sector
The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced new government appointments and mergers of key internal depart...
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Logan Industries to supply CCTLF system for Maersk’s drillship Maersk Voyager
Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for M...
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Ikon Science announces the launch of an Atlantic Ireland Regional Study
As the Ireland Atlantic Margins licensing rounds approach, Ikon Science is offering oil and gas companies, an opportunity to get ahead with ...
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New York bans fracing with release of seven-year study
New York state has officially banned hydraulic fracturing. The state, following through on a decision Democratic Governor Andrew Cuomo made ...
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Big Oil needs new model to endure $60 crude, Morgan Stanley says
The world’s largest oil companies need to change their business model to increase shareholder returns during a period of depressed crude pri...
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Israel gas plan makes the best of limitations, official says
Israel’s proposed guidelines for regulating its natural gas reserves are the best it can hope for because the local industry can’t support c...
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Fugro, Cross Group awarded multi well contract in Gulf of Mexico
Fugro’s dynamically positioned multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, is proving her capabilities...
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Wild Well expands training capabilities with new well control certification program
Wild Well Control, Inc., a Superior Energy Services company and a global leader in firefighting and well control, introduces its exclusive w...
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Petrobras lowers five-year spending plan to $130 bn
Petroleo Brasileiro SA cut its five-year spending plan by 37% and lowered oil output targets as Brazil’s state-controlled producer battles t...
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Oil sands prepared to take greater role to tackle climate change, CAPP says
Canada’s oil sands producers are prepared to take a greater leadership role on climate action as part of the growing global intention to red...
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CAPP seeks 4-point royalty plan to make Alberta more competitive
The Alberta government should consider four principles to make the province more competitive for of oil and gas investment as it proceeds wi...
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Husky Energy starts production at South White Rose extension
Husky Energy has started production from the South White Rose project in the Jeanne d'Arc basin offshore Newfoundland and Labrador. More...
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Kværner Verdal starts construction of steel jacket for Johan Sverdrup
Work on the steel jacket for Johan Sverdrup field's riser platform is now underway, operator Statoil announced Monday. More »
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Kværner Verdal starts construction of steel jacket for Johan Sverdrup
Work on the steel jacket for Johan Sverdrup field's riser platform is now underway, operator Statoil announced Monday. More »
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Cuadrilla drilling rejected in blow to UK fracing industry
Cuadrilla Resources Ltd., the driller whose fracing ambitions have sparked protests, was refused permission to drill in northwest England in...
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Cuadrilla drilling rejected in blow to UK fracking industry
LONDON (Bloomberg) -- Cuadrilla Resources Ltd., the driller whose fracking ambitions have sparked protests, was refused permission to drill ...
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Otto Marine wins charter contracts worth $131 million
Otto Marine Limited has announced that in the second quarter of financial year 2015, the group secured new orders worth $131 million, primar...
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Eni, KMG to explore Isatay Block in Caspian Sea
Eni and KazMunayGas have finalized an agreement that defines the commercial terms of the transfer to Eni of 50% of the subsoil use rights in...
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Atlas Knowledge lands Dolphin Drilling contract
Dolphin Drilling has selected Atlas Knowledge to deliver a new system to manage the competence and training of its workforce in the UK. More...
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Repsol’s CEO courts skeptical investors after $13-billion deal
In his first year as Repsol SA CEO, Josu Jon Imaz helped lead the largest acquisition by a Spanish company this decade, the $13-billion purc...
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Origin Energy expects Chinese LNG buyer to fulfill contract
Origin Energy Ltd. expects China Petrochemical Corp. to fulfill its agreement to purchase liquefied natural gas from a A$24.7 billion ($19 b...
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TGS to acquire Polarcus' multi-client library
TGS has entered into a Letter of Intent to acquire Polarcus' multi-client library, with the exception of Australia, for a price of $27.5...
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Otto Marine wins $131 million worth charter contracts
Otto Marine Limited, has announced that in the second quarter of financial year 2015 (Q2FY2015) till date, the group has secured new orders ...
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Eni, KazMunayGas to jointly explore Isatay block in Caspian Sea
Eni and KazMunayGas have finalized an agreement that defines the commercial terms of the transfer to Eni of 50% of the subsoil use rights in...
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U.S. rig count rises as oil-directed rigs drop for 29th week: Baker Hughes
The U.S. rig count has ended a 28-week slide with Baker Hughes reporting the first addition of rigs since Dec. 5. More »
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Buhari disbands Nigerian state oil board in corruption drive
Nigerian President Muhammadu Buhari dissolved the board of the state oil company on Friday in an attempt to fight corruption in the industry...
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U.S. rig count rises as oil-directed rigs drop for 29th week
The U.S. rig count has ended a 28-week slide with Baker Hughes reporting the first addition of rigs since Dec. 5. More »
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Independent Oil and Gas extends seismic remapping agreement with Baker Hughes
Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group...
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Patterson-UTI Energy announces passing of co-founder
Patterson-UTI Energy has announced the passing of A. Glenn Patterson, one of the original founders of the company. Patterson served as the p...
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Peter Jenkins appointed new CEO of 4Subsea
4Subsea’s board has appointed Peter Jenkins, one of the founders of the company, as the new CEO. He replaces Henning Christensen, also one o...
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LLOG awards Otis field subsea tieback contract to McDermott
McDermott International has been awarded a sizeable lump-sum contract by LLOG Exploration Offshore in support of LLOG’s Otis development in ...
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Gazprom Neft nearly doubles production at Iraq’s Badra field
A fourth well has been brought into production at Iraq’s Badra field, which is operated by Gazprom Neft. This new high flow-rate well (Р-05)...
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OneSubsea wins $60-million Shah Deniz contract
OneSubsea, a Cameron and Schlumberger company, has been awarded a contract totaling more than $60 million for the Shah Deniz Two development...
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Aibel secures Odfjell Drilling yard stay contract
Odfjell Drilling has awarded Aibel the yard stay contract for the Deepsea Bergen, a semi-submersible unit of enhanced Aker H-3.2 design. Mor...
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Rosneft first-quarter net falls 35% after oil prices slumped
OAO Rosneft, Russia’s largest oil producer, said first-quarter profit fell 35% after last year’s drop in crude prices. More »
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Oil holds losses below $60 amid oversupply as volatility sinks
Oil held losses below $60/bbl as near-record U.S. production prolonged an oversupply amid the lowest trading volatility in eight months. Mor...
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Umbilicals International invests in dynamic cable production
Umbilicals International, part of the Seanamic Group, has invested over $2 millions in new cable manufacturing lines at its Houston producti...
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Patterson-UTI Energy announced passing of Co-Founder, Glenn Patterson
Patterson-UTI Energy regretfully announced the passing of A. Glenn Patterson, one of the original founders of the company. Mr Patterson serv...
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Xodus appoints global subsurface lead
Xodus Group has promoted Andrew Sewell to the role of global subsurface lead to drive forward its global subsurface capabilities. More »
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TAM introduces V0-rated cementing port collar
TAM International, an independent oilfield services company providing inflatable and swellable packers, has introduced a new V0-rated cement...
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BP installs Clair Ridge topside modules
BP and its co-venturers, ConocoPhillips, Chevron and Shell, have announced the safe installation of the new Clair Ridge platform’s quarters ...
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KPO experiences the benefits of Dopeless technology in the Karachaganak field
Karachaganak Petroleum Operating (KPO) conducted a field trial in the gas condensate Karachaganak field, located in the West Kazakhstan regi...
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Chevron turns a dollar into $325 million windfall amid oil rally
For Chevron Corp., every ripple in the global crude oil market makes a major splash. More »
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Quebec becomes latest hurdle to Canada’s plans for oil exports
For a resource-rich nation eager to expand crude exports from the oil sands, Canada has been striking out lately. TransCanada’s Energy East ...
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Shell executives visit Tehran for projects if sanctions end
Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are se...
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New approach to valve testing in subsea wells could save millions, DNV GL says
Reducing expenditure while continuing to improve safety and reduce risk is a key driver for the oil and gas industry, especially in today’s ...
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Wood Group in $250-million agreement for operating services on CATS
Wood Group has entered into a $250-million agreement with Antin Infrastructure Partners (Antin IP) to provide operating services for the Cen...
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BP installs first Clair Ridge topside modules
BP and its co-venturers, ConocoPhillips, Chevron and Shell, have announced the safe installation of the new Clair Ridge platform’s quarters ...
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WPX Energy to increase Williston basin activity
WPX Energy plans to increase its activity in the Williston basin during the second half of 2015 by resuming completions and increasing its r...
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Iran seen struggling by WoodMac to restore lost oil after deal
Iran will probably struggle to restore lost crude production if it secures a deal to ease sanctions because the condition of halted fields w...
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Israel gas policy heads for approval as production stalls
A forum of top Israeli ministers will meet on Thursday to try to break up a regulatory logjam stalling the development of Israel’s biggest n...
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Still an Adolescent, Permian’s Wolfcamp Delaware offers promising adulthood as EandP operators expand development, IHS says
Located in the western portion of the Permian basin that straddles the Texas-New Mexico border, the Wolfcamp Delaware is an emerging hydroca...
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Woodside Petroleum offered Browse retention lease renewals
Woodside has received retention lease renewal offers for petroleum retention leases WA-28-R, WA-29-R, WA-30-R, WA-31-R, WA-32-R, TR/5 and R2...
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eDrilling adds Geostreering to wellSIM
eDrilling announced that Geosteering capabilities have been added to their wellSIM. More »
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HARC receives grant to develop interactive well pad site
Many people have never been on and may never have the opportunity to visit an active drilling or hydraulic fracturing site. Now, anyone with...
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OPEC’s crude market share fell to lowest since ’03 last year
OPEC said its share of the global crude oil market last year declined to the lowest level since 2003, underscoring the motive for the group’...
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Fugro supports Alvheim IOR well tie-in project
Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian Continent...
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Vallourec announces key appointments for North America region
Vallourec announced several key appointments in its North America region. More »
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Vertechs launches HydroGRS casing guiding tool
Vertechs Oil and Gas Technology has launched the “HydroGRS Casing Guiding Tool” which is designed to assist in getting the casing successful...
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Qatar Petroleum expanding overseas with focus on production
Qatar Petroleum, the world’s biggest producer of LNG, plans to expand overseas after a restructuring that included the takeover of its forei...
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Suncor drills dry hole west of Balder field in North Sea
Suncor Energy Norge AS, operator of production license 571, has completed the drilling of exploration well 25/10-13 S. The well is dry. More...
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Statoil cancels contract for COSL Pioneer
Statoil has decided to cancel its contract for the COSL Pioneer some 13 months before the expiry date of August 2016, Statoil announced Wedn...
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Plains All American announces open season for proposed Cushing to Longview pipeline
Plains All American Pipeline, L.P. announced Tuesday that it is conducting an open season for committed capacity on a proposed new crude oil...
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Harkand mobilizes vessel for Premier Oil in UKCS
Harkand has embarked on a contract awarded by Premier Oil Plc to support the operator activities on the Solan field development, West of She...
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Lundin spuds Alta, Edvard Grieg appraisal wells
Lundin Petroleum’s wholly owned subsidiary Lundin Norway has commenced the drilling of its second Alta appraisal well in the Barents Sea Sou...
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Norway unions in last-chance talks to avoid strike at Knarr, Varg
Norwegian oil-rig unions and employers started government-backed mediation on Wednesday in a final bid to avoid a strike that could shut dow...
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New federal fracing rules delayed by U.S. judge in Wyoming
New U.S. fracing safety rules set to take effect Wednesday were put on hold by a Wyoming federal judge who said he needed more evidence to d...
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Expro secures $100 million Tullow Oil contract win
Expro has been awarded new contracts from Tullow Oil. More »
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Main theme of ONS 2016: Transition
The main theme of ONS 2016 has been decided. Transition will set the scene for the conference when the world’s energy industry gets together...
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Vertechs launched “HydroGRS Casing Guiding Tool"
Vertechs Oil and Gas Technology has launched the “HydroGRS Casing Guiding Tool” which is designed to assist in getting the casing successful...
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Key appointments for Vallourec’s North America region
Vallourec announced several key appointments in its North America region. More »
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Crude oil rises as U.S. supplies seen falling for eighth week
Oil futures rose for a second day before a government report that may show U.S. inventories fell for an eighth week, the longest stretch of ...
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Iran deal will disadvantage U.S. oil, Murkowski says
U.S. Sen. Lisa Murkowski (R – Alaska) advanced her efforts to lift the current ban on most U.S. crude oil exports on Tuesday by releasing a ...
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Schlumberger introduces Depth Domain Inversion Services
Schlumberger has announced the launch of the Depth Domain Inversion Services. Schlumberger petrotechnical experts use the services to improv...
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Optimus Seventh Generation breaks into decommissioning sector
Optimus Seventh Generation, an Aberdeen headquartered behavioural change consultancy, has strengthened its safety portfolio by securing its ...
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Magnetrol announces higher process temperature ratings for E3 Modulevel displacer level transmitter
Magnetrol International has announced the release of the E3 Modulevel displacer level transmitter with an increased upper temperature rating...
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Seatronics names Derek Donaldson as V.P. of global operations
Seatronics Ltd. has promoted Derek Donaldson from V.P. of Asia Pacific to V.P. of global operations. More »
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Key Energy Services names new president, COO
Key Energy Services has announced that Robert Drummond, 54, has joined the company as its new president and COO, effective immediately. More...
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FMC wins $297-million contract for Shah Deniz Stage 2 project
FMC Technologies has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of th...
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Transocean delays two ultra-deepwater drillships
Transocean, the world’s largest offshore driller, has delayed delivery of two ultra-deepwater drillships, the company announced Monday. More...
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Coretrax invests in new base in United Arab Emirates
Coretrax has strengthened its position in the Middle East by opening an office in Abu Dhabi, its fourth base in the region. More »
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Frontier fracing showdown pits Feds against Western boom states
High noon for the Obama administration’s stricter rules for fracing on public lands has arrived on the Wyoming range. More »
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Russia pips Saudi Arabia in race to grab China oil market share
Russia surpassed Saudi Arabia to become China’s top crude supplier as the fight for market share in the world’s second-largest oil consumer ...
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EY announces award recipients for the EY Entrepreneur of the year 2015 awards program
EY announced the EY Entrepreneur of the year award recipients in Greater Los Angeles. This group of leading entrepreneurs was selected by an...
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Key Energy Services names Robert Drummond President and COO
Key Energy Services announced that Robert Drummond, age 54, has joined the company as President and COO, effective immediately. More »
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FMC, OneSubsea win Shah Deniz work
FMC Technologies has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of th...
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Seatronics Ltd announces Derek Donaldson as new V.P. global operations
Seatronics Ltd has promoted Derek Donaldson from V.P. Asia Pacific to V.P. global operations. More »
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Plexus announces product launch date for POS-GRIP Python Subsea Wellhead
Plexus Holdings PLC announced that it will launch its new POS-GRIP Python Subsea Wellhead during Europe’s biggest Oil and Gas trade show, ‘S...
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Workstrings International announces global expansion
Workstrings International announced the completion of global expansion projects in Africa, the United States and the United Kingdom. These e...
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Aveon Offshore’s successful sail away of the Erha North Phase 2 subsea structures
Aveon Offshore has successfully completed fabrication, supported Manifold/Suction Pile testing and loaded out these components in respect of...
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EY announces award recipients for the EY Entrepreneur of the year 2015 awards program in Greater Los Angeles
EY announced the EY Entrepreneur of the year award recipients in Greater Los Angeles. This group of leading entrepreneurs was selected by an...
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Nabors announces the commercialization of AccuSteer MWD Measurement Suite
Ryan Directional Services, a Nabors company, formally announced the commercial release of the AccuSteer MWD Measurement Suite, which deliver...
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Tenaris to supply products and services for Statoil’s Mariner Project
Statoil has awarded Tenaris the contract for the supply of casing, tubing and all related services for the Mariner Project. More »
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Tullow’s Zumba well disappoints in Norwegian Sea
Tullow Oil’s Zumba exploration well (6507/11-11) in license area PL591 in the Norwegian Sea has not encountered hydrocarbons and will now be...
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OIS awarded North Sea decommissioning contract by Antrim Energy and Centrica Energy
Offshore Installation Services (OIS), an Acteon company, has been awarded a contract by Antrim Energy to decommission four subsea wells in t...
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BERNARD CONTROLS equips oil storage depot in Douala
End of 2014, BERNARD CONTROLS delivered and set up more than 120 explosion-proof, quarter-turn actuators (SQX models) with INTELLI+ intellig...
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OIS wins decommissioning contract from Antrim Energy, Centrica Energy
Offshore Installation Services (OIS), an Acteon company, has been awarded a contract by Antrim Energy to decommission four subsea wells in t...
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Lundin names Alex Schneiter as president, CEO
Lundin Petroleum's board of directors has appointed Alex Schneiter as the company's new president and CEO following Ashley Heppensta...
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Siberian oil deal sees BP bet on Russia’s pivot toward China
BP Plc’s $750 million purchase of a Siberian oilfield stake is as much a bet on China as it is on Russia. More »
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WPX Energy adds acreage in Gallup oil play
WPX Energy has completed the purchase of another 14,300 net acres in the San Juan basin’s Gallup oil window from an undisclosed seller for a...
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Tendeka wins Austrian sandface completion contract
Tendeka has secured a contract with an international oil and gas company for the installation of sand face completion technology in Austria....
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Speculators retreat from oil as OPEC oversupply crowds out shale
Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in...
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Tullow Oil agrees to settle Uganda tax dispute for $250 million
Tullow Oil Plc settled a capital gains tax dispute with the government of Uganda after agreeing to pay $250 million related to a 2012 deal w...
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Williams spurns $48 bn bid from Energy Transfer
Williams Cos. has rejected a $48 billion stock- based takeover offer from pipeline magnate Kelcy Warren;s Energy Transfer Equity that aims t...
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TGS announces participation in Monument 3D survey offshore Australia
TGS announces its participation in the 2,500 sq km Monuments 3D survey. This survey is being acquired by Dolphin Geophysical in the North Ca...
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Alex Schneiter appointed as President and CEO of Lundin Petroleum
Lundin Petroleum announced that the Board of Directors has appointed Alex Schneiter as President and CEO of Lundin Petroleum following Ashle...
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GulfSlope Energy awarded two offshore Gulf of Mexico lease blocks
GulfSlope Energy has received notice of award of two offshore lease blocks for which it was the high bidder at offshore lease sale 235, cent...
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BP to pay Rosneft $750 million for part of Siberian oilfield
BP Plc will pay OAO Rosneft $750 million for a stake in an East Siberian oil producer, following Royal Dutch Shell Plc’s plans to expand a n...
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U.S. rig count falls for 28th straight week: Baker Hughes
The U.S. rig count dropped for the 28th straight week Friday, according to the latest data from Baker Hughes. More »
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Technip UK pleads guilty to fatal health and safety breaches
A company which pleaded guilty to a breach of regulations covering health and safety of workers has been fined over $250,000 (£160,000), the...
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Twin Eagle acquires Eagle Ford crude pipeline
Twin Eagle Resource Management, LLC announced Thursday the acquisition of a 100% interest in StarMex Big Wells, LLC, a 42-mile crude oil gat...
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Erin Energy starts production from Oyo-7 well offshore Nigeria
Erin Energy has commenced production from the Oyo-7 well, in OML 120, offshore Nigeria. Erin Energy is the operator of Oyo field and has a 1...
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Rosneft, GE ink agreement on LNG cooperation
Itera, a wholly owned Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at...
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Oil and Gas UK launches video celebrating 50 years of UKCS activity
Oil and Gas UK’s annual conference, which focused on the next 40 years of the offshore industry and attracted more than 500 people, featured...
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Petrofac secures $400 million of repeat UKCS business
Petrofac’s Offshore Projects and Operations business unit has secured contract renewals for operations and maintenance work worth approximat...
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Aker Solutions, Baker Hughes to cooperate on early-phase oil, gas studies
Aker Solutions and Baker Hughes have agreed to cooperate on early-phase studies to help customers improve the overall economics and value of...
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Next threat to U.S. shale: Interest expense on $235 billion debt
The debt that fueled the U.S. shale boom now threatens to be its undoing. More »
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Saudi Arabia pumps oil flat out in Citi, Goldman’s new oil order
Not content with the blow it’s dealt to U.S. oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production...
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Russia clinches Greece accord to build gas pipeline to Europe
Russia signed a preliminary agreement on building a natural-gas pipeline through Greece, a deal that signals strengthening ties between the ...
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BP, Rosneft ink production, exploration agreements
Rosneft and BP have signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Peter...
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Parsons to help develop response plans for crude oil transportation incidents
Parsons is pleased to announce that its team—consisting of OBG and Gallagher Marine Systems—has been selected by the New York State Departme...
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Saudi April crude exports drop as more supply used locally
Saudi Arabia reduced crude oil exports in April as the world’s biggest producer used record supplies domestically for a burgeoning refining ...
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Upstream projects remain strong in Kazakhstan while Azerbaijan’s crude declines: GlobalData
While Kazakhstan and Azerbaijan have added over 1 MMbpd to the world’s oil supply since 2005, the two countries are now diverging in their a...
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DNV GL research shows bright future for subsea processing
DNV GL launched a research paper Thursday exploring the viability of moving offshore oil and gas processing subsea, including the techno-eco...
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Peterson, Veolia to develop UK decommissioning facility for southern North Sea
Peterson, in partnership with Veolia has announced a $1.59 million (£ 1 million) investment in the development of a new, purpose built decom...
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Wintershall announces first gas from L6-B in Dutch North Sea
Wintershall is expanding its natural gas production in the Netherlands: the unmanned mini-platform L6-B has started to produce natural gas o...
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Wintershall wildcat strikes out in North Sea
Wintershall Norge, operator of production license 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was ...
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Harkand secures UKCS decommissioning work for Maersk Oil
Harkand has commenced decommissioning work on the United Kingdom Continental Shelf in support of Maersk Oil UK’s work in Leadon field. More ...
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Wintershall selling selected assets on NCS
Wintershall, a wholly owned BASF subsidiary, is divesting assets in four non-operated fields—Knarr, Veslefrikk, Ivar Aasen and Yme—on the No...
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Wood Group awarded Saudi Aramco offshore contract
Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering servic...
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Crude futures hold near $60 as investors weigh glut in supply
Oil traded near $60/bbl as investors weighed the pace at which a U.S. supply glut is diminishing. More »
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Oil-sands megaproject era wanes as Suncor to Imperial scale down
The era of the megaproject in Canada’s oil sands is fading. More »
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Tanzania seeks up to 85% profit share from oil, gas output
Tanzania will seek as much as an 85% share of profit from oil and gas produced in the East African nation, according to a draft law being de...
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Peterson, Veolia in JV to develop Great Yarmouth decommissioning facility
Peterson, in partnership with Veolia has announced a $1.59 million (£ 1 million) investment in the development of a new, purpose built decom...
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NUTECH adds new XRF technology to POROLABS core analysis solutions
NUTECH has added new X-Ray Fluorescence (XRF) technologies to its proprietary POROLABS core analysis solutions for identifying the character...
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Canadian natural considers shift away from Alberta on levies
Canadian Natural Resources, the nation’s largest heavy oil producer, is considering a shift in investment away from Alberta as the province ...
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ONGC Videsh seeks 20-fold increase in spending allowance for MandA
ONGC Videsh Ltd., the overseas unit of India’s biggest oil and gas explorer, is seeking a 20-fold increase in the amount it’s allowed to spe...
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Wood Group Kenny secures KPOC pipeline contract
Wood Group Kenny (WGK) will support the Kebabangan Petroleum Operating Company (KPOC) in pipeline engineering and flow assurance engineering...
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Ross Philo joins Energistics as president, CEO
Energistics announced Wednesday that Ross Philo has joined the company as its new president and CEO. More »
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Total launches an international robotics challenge
TOTAL EandP RandD has launched an international surface robotics challenge called the ARGOS challenge (Autonomous Robot for Gas and Oil Site...
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Murkowski presses U.S. Energy Department nominees on energy exports, Arctic opportunities
U.S. Sen. Lisa Murkowski, R-Alaska, has questioned President Obama’s nominees for the Department of Energy (DOE) on the department’s plans t...
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Bets Israel gas dispute may end send Delek Group to 6-month high
Delek Group Ltd. rose to the highest since December as investors discerned an end to months of regulatory uncertainty that halted developmen...
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North Sea must become sustainable at $60/bbl, Oil and Gas UK says
Oil and Gas UK’s chief executive, Deirdre Michie, warned Wednesday that the UK offshore oil and gas industry must become sustainable “in a w...
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Lundin spuds Luno II North exploration well offshore Norway
Lundin Norway, Lundin Petroleum’s wholly owned subsidiary, has commenced drilling of exploration well 16/4-9 S on the Luno II North prospect...
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U.S. oil trading set to surpass Brent as shale boosts clout
Trading volume in New York oil futures is overtaking London’s Brent as the shale boom bolsters the U.S. benchmark’s clout in global crude ma...
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OPEC revenue slumps below $1 trillion first time since 2010
OPEC nations’ revenue from petroleum exports plunged below $1 trillion last year for the first time since 2010, highlighting how slumping cr...
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Sen. Murkowski presses Energy Department nominees on energy exports, Arctic opportunities
U.S. Sen. Lisa Murkowski, R-Alaska, has questioned President Obama’s nominees for the Department of Energy (DOE) on the department’s plans t...
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Petrobras CEO said to back Energy Minister’s pre-salt plan
Petroleo Brasileiro management is supporting a proposal to remove its obligation to operate all oilfields in Brazil’s so-called pre-salt off...
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Shell Arctic approval near as regulator sees no show stopper
Royal Dutch Shell has received U.S. permission to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic c...
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Shell-BG merger clears U.S. antitrust hurdle
Royal Dutch Shell announced Tuesday that its recommended combination with BG Group plc has cleared its first antitrust hurdle by receiving e...
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EMGS cutting workforce by fifth as company aims to halve 2015 Capex
Electromagnetic Geoservices is to implement further cost reductions in response to the challenging market conditions facing the oil service ...
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Houston’s filet mignon special shows oil collapse is no problem
Thirty years ago, times were so tough in Houston that Steve Zimmerman introduced the Oil Barrel Special, a three-course lunch tied to the pl...
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Production underway at Exxon Mobil’s Kearl oil sands expansion project
Exxon Mobil Corp. announced Tuesday that production at its Kearl oil sands expansion project in Alberta, Canada, started ahead of schedule a...
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ABS to class newbuild semisubmersible, liftboat
ABS, a provider of marine and offshore classification services, has been selected by Baoham Offshore (HK) Ltd. to class a drilling semisubme...
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CARBO proppant technologies prove worth in deepwater Gulf of Mexico
HOUSTON -- CARBO Ceramics Inc. has announced the successful application of two of its innovative proppant technologies, KRYPTOSPHERE HD and ...
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CARBO KRYPTOSPHERE HD and SCALEGUARD technologies prove worth in deepwater Gulf of Mexico
HOUSTON -- CARBO Ceramics Inc. has announced the successful application of two of its innovative proppant technologies, KRYPTOSPHERE HD and ...
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Amec Foster Wheeler appoints new president, Upstream Business Development
LONDON -- Amec Foster Wheeler has announced the appointment of George Hernandez as president, Upstream Business Development, effective immed...
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AGR releases multi-disciplinary well data software
AGR has released new functionality for its bespoke well data software, iQx that will improve the analysis of spatial well data from more tha...
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New PandA guideline from DNV GL could save industry over $32 bn
The plugging and abandonment (PandA) of offshore wells represents a significant cost to operating companies and national authorities. On the...
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Emerson enhances reservoir modeling software to help operators maximize the value of reservoir assets
Emerson Process Management has launched the latest version of its reservoir modeling software, Roxar RMS. More »
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Tropical Storm Bill heads for Texas as oil workers evacuated
Tropical Storm Bill formed in the Gulf of Mexico, leaving Texas bracing for another round of flooding in less than a month. More »
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Longest oil glut in decades looms as OPEC lifts market share
The world is on the brink of the longest-lasting oil glut in at least three decades and OPEC’s quest for market share makes it almost unavoi...
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Statoil to lose up to 2,000 more jobs after crude’s collapse
Statoil ASA, Norway’s state-controlled oil producer, will cut as many as 2,000 more jobs by the end of next year as it reacts to lower crude...
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Ceona names new CEO
Ceona, a SURF contractor with deepwater subsea construction capabilities, has announced that Mark Preece, the company’s executive V.P., comm...
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Energean to conduct 3D seismic survey in the Gulf of Kavala
Energean Oil and Gas has announced that it is to conduct a new 3D seismic survey over the Prinos Oil field and its surrounding licenses, in ...
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Maxxam Analytics and Analysts Inc. to launch new lubricant and oil analysis laboratory in Alberta
Maxxam Analytics and Analysts, Inc. are jointly opening a new testing facility in Edmonton, Alberta which provides lubricant and oil analysi...
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Maxxam Analytics and Analysts Inc. combine expertise to launch new lubricant and oil analysis laboratory
Maxxam Analytics and Analysts, Inc. are jointly opening a new testing facility in Edmonton, Alberta which provides lubricant and oil analysi...
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New role for strategic oil reserve seen by U.S. Energy Secretary
The Strategic Petroleum Reserve should be tapped to ease global oil-price shocks and not be limited to easing U.S. supply emergencies, Energ...
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AFGlobal promotes Curtis Samford to CEO
AFGlobal Corporation announced that Curtis Samford, the Company’s COO, will assume the role of president and CEO of the Company. More »
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Halliburton introduces Illusion frac plug
HOUSTON -- Halliburton’s Completion Tools business line, a long-standing industry leader in total composite plug technology, has introduced ...
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J2 Subsea opens new subsea tooling facility in Houston
J2 Subsea, an Acteon company, has opened a new subsea tooling facility at sister Acteon company, Seatronics’, subsea electronics location in...
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Cuadrilla set to get go-ahead to drill at UK shale site
Cuadrilla Resources Ltd., the driller whose fracing ambitions have sparked protests in the UK, took a step closer to sinking a shale-gas wel...
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Plexus Holdings PLC secures £3.3 million contract
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of...
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Plexus Holdings PLC secures £3.3 million contract
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of...
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Sparrows Group appoints experienced director to oversee Americas growth
The Sparrows Group has boosted its senior management team with the appointment of an experienced director to head up its operations across t...
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Unimin commences unit train service to Marcellus
Unimin Energy Solutions announced Monday the first delivery of frac sands by unit train to its Jerry Run, West Virginia terminal. More »
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Billionaire seeks BHP-style conglomerate in Vedanta deal
Billionaire Anil Agarwal’s move to merge his two Indian units will create a national natural resources group to compete with BHP Billiton Lt...
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PNG LNG achieves 100th LNG cargo
The 100th cargo of LNG from the PNG LNG project, operated by Exxon Mobil PNG Limited, set sail this weekend, just over one year on from the ...
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Statoil awards Johan Sverdrup contracts to Odfjell Drilling
Statoil, on behalf of the Johan Sverdrup license, has awarded two contracts, at a total value of more than NOK 4.35 billion, to Odfjell Dril...
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Petrobras sets new records for pre-salt production
Petrobras’ pre-salt production in May set two new monthly output records, the company said Friday. More »
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TGS announces first multi-client 3D program in Newfoundland-Labrador
TGS has announced a new multi-client 3D survey offshore Eastern Canada, with plans to acquire approximately 6,000 km2 of seismic data. This ...
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Oil traders lose faith in rally as OPEC nations pump at records
Speculators reduced bullish wagers on oil to the lowest level in eight weeks as OPEC’s biggest members pumped record amounts of crude. More ...
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ENOC to buy Dragon Oil for $2.6 billion after increasing bid
Emirates National Oil Co. agreed to buy Dragon Oil Plc for 1.7 billion pounds ($2.6 billion), gaining control over wells in Turkmenistan and...
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Frames, Novasep introduce Waste-Free Inhibitor Salt Extraction system
Frames and Novasep have jointly developed an easier solution to protect new and existing production facilities from damage caused by salt bu...
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Fjords Processing wins supplier award from GE
Fjords Processing was recently honored by General Electric (GE) through its supplier award, Excellence in Customer Centricity. The prestigio...
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Oil drops a third day as Libyan production adds to global glut
Oil fell for a third day as rising Libyan output added to speculation that unyielding OPEC production will prolong a global glut. More »
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Floater retirements to reach historical high, Rystad says
Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it...
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Lundin finds oil, gas with Alta appraisal wells in Barents Sea
Lundin Petroleum's wholly owned subsidiary Lundin Norway has successfully completed the drilling of appraisal well 7220/11-2 and sidetra...
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Lundin finds oil, gas with Alta appraisal well in Barents Sea
Lundin Petroleum's wholly owned subsidiary Lundin Norway has successfully completed the drilling of appraisal well 7220/11-2 and sidetra...
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Pacific Drilling draws interest as cheap deepwater target
HOUSTON -- Pacific Drilling SA, an offshore oil-rig contractor, is gaining notice as a takeover candidate. More »
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Petrobras finishes investigation of FPSO explosion
Petrobras has completed an analysis of the factors that contributed to the fatal accident on board the Cidade de São Mateus FPSO in February...
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Pacific NorthWest LNG gives conditional green light for BC project
Pacific NorthWest LNG (PNW LNG) announced Thursday that the required technical and commercial components of the project have been satisfied....
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Aqualis Offshore signs contract with ONGC
Aqualis Offshore, part of Aqualis ASA, has been reappointed by United India Insurance Company to provide marine warranty services to the Oil...
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Cubility signs multi-million dollar Johan Sverdrup deal
Cubility AS has announced a multi-million dollar deal to provide the MudCube solution to Norwegian operator, Statoil for installation on Joh...
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Iran seeks $100 billion for gas as world fixates on nation’s oil
Iran needs $100 billion to rebuild its gas industry and has met with European energy giants as an end to decades of international sanctions ...
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Chevron completes its largest seismic survey in Aussie oil hunt
Chevron is studying data from its largest-ever seismic survey to decide where to drill for oil in an untapped frontier off southern Australi...
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Lundin completes drilling of Alta appraisal wells, encounters oil and gas
Lundin Petroleum's wholly owned subsidiary Lundin Norway has successfully completed the drilling of appraisal well 7220/11-2 and sidetra...
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Aker Solutions to cut jobs in Norway
Aker Solutions has notified employees at its subsea services facility in Ågotnes, Norway, that it has become necessary to adjust the plant’s...
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Vallourec celebrates 50 years of VAM
Vallourec is celebrating 50 years of its VAM premium connections. More »
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Hess sells half of Bakken processing unit for $2.68 billion
Hess Corp., the most active oil driller in North Dakota’s Bakken last year, agreed to sell a 50% stake in its processing and pipeline unit i...
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Nigeria power plans hinge on overcoming gas pipeline attacks
For Nigeria’s state-owned energy company, supplying gas to power plants around the country depends on fixing pipelines quicker than they get...
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Statoil awards Mariner production chemicals contract to Baker Hughes
Statoil (U.K.) Limited has awarded the contract for production chemicals and services for Mariner field to Baker Hughes Limited in the UK. M...
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Two-thirds of North Sea operators canned projects due to oil slump, survey finds
Two-thirds of North Sea oil and gas industry operators (67%) have been forced to cancel projects because of the recent fall in oil price, ac...
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Foster Creek oil sands returns to operations after forest fire, Cenovus says
Cenovus Energy has returned to normal operations at its Foster Creek oil sands project in northern Alberta after a forest fire on the Cold L...
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Delta SubSea, Zerlux collaborate on laser-based hydrate remediation tech
Delta SubSea (DSS) has signed a memorandum of understanding with Zerlux Hungary Kft. to intensify collaboration on Laser Based Hydrate Remed...
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Technip bags Chevron subsea contract in Gulf of Mexico
Technip has been awarded a lump-sum project for the decommissioning of the brownfield development and installation of new subsea equipment s...
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How Apache CEO is beating the crash, OPEC and a spendthrift past
Apache Corp. CEO John Christmann didn’t just get a new job when he took charge of one of the world’s biggest shale producers in the dark day...
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Spectrum kicks off 2D survey offshore Mexico
Spectrum announced Thursday that their vessel has arrived in Mexico and started the acquisition of their Gulf of Mexico 2D campaign, in coll...
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Petrofac awarded engineering and procurement contract in Oman
Petrofac has been awarded an engineering and procurement contract by Petroleum Development Oman (PDO) to provide services for its Yibal Khuf...
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Cheniere planning two new LNG project developments
Cheniere Energy announced two significant LNG project developments Wednesday that, if completed, are projected to add up to approximately 19...
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Hackers’ favorite target: Big oil and that deadly equipment
Hackers have made the energy industry a favorite target. More »
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Pemex reports largest oil find in 5 years in Gulf of Mexico
Petroleos Mexicanos, the world’s ninth-largest oil producer, announced its biggest discovery in five years as the state-owned company seeks ...
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Oil falls as IEA says price-rally under threat amid OPEC boost
Oil fell after the International Energy Agency said this year’s price rally is under threat as OPEC’s biggest members pump record amounts of...
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Delta SubSea, Zerlux collaborate on Laser Based Hydrate Remediation Technology
Delta SubSea (DSS) has signed a memorandum of understanding with Zerlux Hungary Kft. to intensify collaboration on Laser Based Hydrate Remed...
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Trelleborg launches Buoyancy repair service in Africa
Trelleborg’s offshore operation has formalized its Drill Riser Buoyancy Modules (DRBM) repair offering in Africa, following its collaboratio...
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Caterpillar supplies Propell Oilfield Equipment with all Cat components
Caterpillar Oil and Gas has outfitted a well stimulation trailer for Propell Oilfield Equipment with all Cat components for the first time i...
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Technip bags subsea decommissioning and installation contract in GoM from Chevron
Technip has been awarded a lump sum project for the decommissioning of the brownfield development and installation of new subsea equipment s...
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Chevron hunts for answers on why Big Foot startup stumbled
An equipment failure that’s delayed Chevron’s $5.1 billion Big Foot deepwater oil project will reduce the company’s production by less than ...
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How an oil CEO is beating the crash, OPEC and a spendthrift past
Apache Corp. CEO John Christmann didn’t just get a new job when he took charge of one of the world’s biggest shale producers in the dark day...
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Chevron seeks answers on why Big Foot stumbled before start
An equipment failure that’s delayed Chevron Corp.’s $5.1 billion Big Foot deepwater oil project will reduce the company’s production target ...
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Northern Petroleum gains environmental approvals from Italian government
Northern Petroleum's environmental impact assessment (EIA) for the acquisition of 3D seismic data across the Giove undeveloped oil disco...
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Suncor spuds Niobe exploration well, Noreco reports
The Norwegian Energy Company (Noreco) has announced that the drilling of the Niobe exploration well, in UK license P1889, has started. More ...
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Chinese NOCs face weaker gas demand, oversupply: Wood Mac
Chinese national oil companies (NOCs) are assessing how best to optimize their diverse supply portfolios as gas demand disappoints, leading ...
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Steel jacket installed for Ivar Aasen platform, Det norske says
The steel jacket for the Ivar Aasen platform has been successfully installed and is now ready to be completed with the platform deck, which ...
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NorSea Group wins decommissioning contract for North Sea fields
NorSea Group (UK) Limited has won northeast Scotland’s first major “small piece” decommissioning contract. More »
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Swire Oilfield Services names new CFO
Swire Oilfield Services, the world’s largest supplier of offshore cargo carrying units and a leading supplier of cargo carrying solutions, m...
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Lukoil first-quarter profit slides 60% following crude drop
OAO Lukoil, Russia’s largest non-state oil producer, said first-quarter profit dropped 60% after crude prices slumped. More »
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Suncor Energy spuds Niobe exploration well: Noreco
The Norwegian Energy Company (Noreco) has announced that drilling of the Niobe exploration well in UK license P1889, in the North Sea, has s...
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U.S. ousts Russia as world’s top oil, gas producer in BP report
The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy ...
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Lundin to drill appraisal well in Norwegian North Sea
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 16/1-23 S, in the Norwegian North Sea. More »
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Northern Petroleum's EIA gains approval for 3D seismic of Giove, Cygnus off Italy
Northern Petroleum's environmental impact assessment (EIA) for the acquisition of 3D seismic data across the Giove undeveloped oil disco...
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Ukraine seeks new Russia gas deal to avoid disruption to EU supply
Ukraine needs to negotiate a new natural-gas deal with Russia just as the conflict between the two countries risks escalating again. More » ...
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Canada energy group cuts oil output forecast as outlays drop
The Canadian Association of Petroleum Producers (CAPP) cut its 2030 oil production forecast by 17% as capital expenditures slipped after cru...
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Murkowski report makes case to end U.S. oil export ban
U.S. Sen. Lisa Murkowski (R – Alaska) has advanced her efforts to end the current prohibition on most U.S. crude oil exports in a report ent...
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TimkenSteel starts construction of $40-million Ohio facility
TimkenSteel has started construction on an advanced quench-and-temper facility in Northeast Ohio that will produce more value-added steel fo...
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Lewek Constellation sets industry pipelay record in deepwater GoM
EMAS AMC, the subsea division of EMAS, has announced that its flagship subsea construction vessel, Lewek Constellation, has established an i...
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Bechtel to quadruple Queensland LNG production this year
Bechtel is on track to complete the construction of an additional three LNG production trains on Curtis Island by the end of 2015, quadrupli...
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Installation of Åsgard subsea gas compression modules underway, Statoil says
The installation of the modules that collectively constitute Åsgard field's subsea gas compression system has commenced, Statoil announc...
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Great Western Oil and Gas expands presence in Wattenberg field
Great Western Petroleum, a subsidiary of Great Western Oil and Gas Company, an affiliate of The Broe Group, with active operations in the De...
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Statoil reports third gas discovery in Aasta Hansteen area
Statoil and its partners in PL602 have made a new gas discovery in the Gymir prospect. The find represents the third discovery in three mont...
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Maersk Training signs global training agreement with Seadrill
Maersk Training has entered into an agreement with Seadrill, one of the largest drilling companies in the world. More »
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Repsol signs up to European oil group’s stance on climate change
Repsol SA joined its European peers in calling for governments to agree on carbon pricing at a United Nations climate summit later this year...
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Oil Rises as shale drillers seen succumbing to OPEC onslaught
Oil gained for the second time in three days amid growing signs U.S. shale oil producers are succumbing to the Organization of Petroleum Exp...
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UK oil executive starts $5 billion private-equity group
Sam Laidlaw, former Centrica Plc Chief, and private equity’s Carlyle Group and CVC Capital Partners plan $5 billion of oil and gas investmen...
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Suretank appoints William Wilson as sales manager for Norway
Suretank, provider of engineered solutions to the offshore oil and gas industry, has appointed William Wilson as sales manager for Norway. M...
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EMAS AMC’s Lewek Constellation sets industry pipelay record during sea trials in the U.S. GoM
EMAS AMC, the subsea division of EMAS has announced that its flagship subsea construction vessel, Lewek Constellation, has established an in...
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AGSL to provide its Asset Guardian software to McDermott's pipelay vessels
Asset Guardian Solutions Ltd. (AGSL) has received a contract from McDermott Asia Pacific to provide its Asset Guardian software management t...
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Paradigm enhances user productivity with the release of Paradigm 15
Paradigm has released Paradigm 15, the latest extension of its comprehensive solution suite, aimed at enhancing user productivity. More »
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Compact Compression launches new line of Hydraulic Casing Gas compressors
Compact Compression Inc. is announcing the commercial roll out of the Hydraulic Casing Gas (HCG) line of Solution Gas compressors. More »
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Dana Gas kicks off Egyptian drilling campaign
Dana Gas has commenced drilling the Balsam-2 development well in the Balsam Development lease, onshore the Nile delta, the company announced...
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America’s shale oil boom grinding to halt as OPEC stands pat
The shale oil boom that turned the U.S. into the world’s largest fuel exporter and brought $3 gasoline back to America’s pumps is grinding t...
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Mitra Energy commences 3D seismic acquisition offshore Vietnam
Mitra Energy, through its subsidiary operating company Mitra Energy (Vietnam Phu Khanh), commenced 3D seismic survey acquisition operations ...
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Rockwater appoints Holli Ladhani President and CEO
Rockwater Energy Solutions, Inc., a water management and chemical technologies solutions provider to the oilfield industry, announced today ...
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UKOOG, GMB reach landmark agreement on shale gas
UKOOG—the representative body for the UK onshore oil and gas industry—and the GMB trade union have announced the agreement of a joint charte...
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Statoil awards contract for Johan Sverdrup utility, living quarters
The K2JV joint venture (Kvaerner and KBR) and Apply Leirvik have signed a contract for an EPC (Engineering, Procurement and Construction) de...
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Governments under pressure to adjust upstream fiscal terms in response to oil price drop
In a new two-part study, Wood Mackenzie explores the implications of the current low oil price for upstream fiscal terms. Governments depend...
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PetroQuest Energy sells Arkoma assets for $280 million
PetroQuest Energy, Inc. has announced the closing of the sale of the majority of its interests in the Woodford and Mississippian Lime for gr...
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Nigeria could boost oil output with changed funding, Seplat says
Nigeria can boost its oil and gas production by changing the way capital investments are funded in its joint ventures with energy companies,...
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Dana Gas kicks off Egptian drilling campaign
Dana Gas has commenced drilling the Balsam-2 development well in the Balsam Development lease, onshore the Nile delta, the company announced...
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IWCF creates new role to lead technology development
The International Well Control Forum (IWCF), the independent organization that sets international well control standards, has appointed Davi...
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Tendeka invests in bespoke U.S. facility
Tendeka has bolstered its U.S. presence in a strategic move which sees the company open a global completions, manufacturing and operations f...
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Shell’s Chuchki Sea campaign could dictate U.S. crude supply for decades: DW Monday
Despite surging production from U.S. shale plays, the scale of long-term production remains uncertain, leading to the question of where will...
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Apply Leirvik to build Johan Sverdrup Accomodation module
The K2JV joint venture (Kvaerner and KBR) and Apply Leirvik have signed a contract for an EPC (Engineering, Procurement and Construction) de...
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Delmar Systems creates new RandD team
Delmar Systems has created a new RandD team dedicated to developing innovative mooring and subsea technology. More »
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PetroQuest Energy sells Arkoma assets for $280 million; provides borrowing base, operations and production updates
PetroQuest Energy, Inc. has announced the closing of the sale of the majority of its interests in the Woodford and Mississippian Lime for gr...
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Saudi Arabia isn’t trying to curb U.S. oil firms, Petraeus says
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to...
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Brazil to ease oil company fines for Buy-Brazil breaches
Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to acc...
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Ex-BP executive acquitted of lying about size of Macondo spill
A former BP Plc executive charged with lying to investigators about the 2010 Gulf of Mexico oil spill was acquitted by a New Orleans jury, a...
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Oil’s slide gives senior lenders upper hand in bankruptcy talks
Tumbling oil prices have helped put asset-based senior lenders in the driver’s seat when it comes to restructuring distressed energy compani...
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Apache Corp. completes sale of Australian operations
Apache Corp. has completed the sale of its Australian subsidiary, Apache Energy Limited, to a consortium of private equity funds managed by ...
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Atwood Oceanics names new CFO
Atwood Oceanics, Inc. has appointed Mark W. Smith as the company's senior V.P. and CFO, the Houston-based company has announced. More » ...
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OPEC unyielding in plan to stifle rivals as crude keeps gushing
OPEC again agreed to cede no ground to rival producers, keeping its faith that U.S. shale drillers and other higher-cost rivals will capitul...
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India’s oil addiction to vault nation into top three global guzzlers
India’s growing middle class will soon make it the third-biggest oil consumer, reshaping the global energy map as China uses less and the U....
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The time to end oil export ban is now, Murkowski tells U.S. Senate
U.S. Senator Lisa Murkowski (R - Alaska) highlighted the importance of allowing American crude oil to compete in the global marketplace Thur...
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Indonesia joins line for Iran oil amid talks to rejoin OPEC
Indonesia is seeking a long-term oil supply deal with Iran in anticipation of a possible end to sanctions against the Persian Gulf nation ov...
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Schlumberger report upgrades Gatwick Airport oil find
UK Oil and Gas Investments announced Friday that Schlumberger has independently assessed the petrophysics of the Horse Hill-1 well (HH-1). T...
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Fracing study undercuts environmentalists’ calls for regulation
It was always a longshot that the Obama administration or Congress would crack down on the golden goose of hydraulic fracturing. More »
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Cenovus buys rail loading terminal from Canexus for $75 million
Cenovus Energy Inc. has agreed to purchase Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loadin...
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$16.5 million settlement reached in crude oil commodities and antitrust litigation
Two London-based companies and certain employees involved in trading West Texas Intermediate crude oil (WTI) and oil futures have agreed to ...
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The time to end crude oil export ban is now, says Sen. Murkowski
U.S. Sen. Lisa Murkowski, R-Alaska, on Thursday highlighted the importance of allowing American crude oil to compete in the global marketpla...
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Woodside to investigate LNG developments in Texas
Woodside Energy (USA) Inc. (WUSA), an affiliate of Woodside, has entered into a non-binding Memorandum Of Understanding (MOU) with Sempra LN...
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India’s oil addiction to vault nation into top thee global guzzlers
India’s growing middle class will soon make it the third-biggest oil consumer, reshaping the global energy map as China uses less and the U....
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Pilfering data shows stakes are high in Colombia offshore quest
Untapped offshore deposits are so important to Colombia’s flagging oil industry that some people aren’t waiting for the release of explorati...
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IEA cuts natural gas growth outlook as Asian demand falters
Global natural gas use will rise at a slower pace than previously forecast amid lower-than-expected growth in Asian demand, said the Interna...
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Shale’s resilience vindicates Conoco CEO on return to OPEC
When Ryan Lance, CEO of ConocoPhillips, told an OPEC conference in 2012 the industry was under-estimating shale, oil was trading near $100/b...
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EPA hydraulic fracturing review confirms safety
A draft report by the Environmental Protection Agency (EPA) confirms that hydraulic fracturing has not led to widespread, systemic impacts o...
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Magnitude redefines microseismic fracture monitoring and refracturing efficiency
Magnitude, a Baker Hughes company, has announced the commercial release of two new offerings, the IntelliFrac VSP-Enhanced monitoring servic...
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UK well services contractors report steady but slowing demand in '14
Demand for the expertise of well services contractors operating in UK waters remained steady according to figures in the 2015 Oil and Gas UK...
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UK oil and gas well services contractors report steady but slowing demand in '14
Demand for the expertise of well services contractors operating in UK waters remained steady according to figures in the 2015 Oil and Gas UK...
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Novatek signs long-term LNG contract with Shell
OAO Novatek announced Thursday that Novatek Gas and Power, a wholly owned trading subsidiary of Novatek, has signed a long-term contract wit...
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Petrofac to support new North Sea gas field operator
Petrofac has secured a contract to support Oranje-Nassau Energie (ONE) UK Limited, a subsidiary of Amsterdam-based oil and gas producer Oran...
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Gazprom Neft completes first winter sea shipments of oil from Yamal
Initiated in February 2015, Gazprom Neft has completed its first winter shipments of oil from Novoportovskoye field, becoming the first comp...
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Lundin’s Morkel wildcat disappoints offshore Norway
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has completed the drilling of wildcat well 33/2-2 S. More »
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McDermott wins Ayatsil-C EPCI contract from PEMEX
McDermott International has been awarded an offshore contract by Petróleos Mexicanos (PEMEX) for the engineering, procurement, construction,...
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Prepare for $40 oil by year-end, ex-OPEC research head says
Brent crude will be lower by the end of the year as production is set to increase from Iraq and Iran, shale oil output stabilizes while dema...
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U.S. oil exports add to global glut as OPEC resists cuts
For a nation that bans most oil exports, the U.S. still finds a way to ship more abroad than at least two OPEC members. More »
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Magnitude releases two new IntelliFrac microseismic services
Magnitude, a Baker Hughes company, has announced the commercial release of two new offerings, the IntelliFrac VSP-Enhanced monitoring servic...
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CGG GeoSoftware launches new Insight Earth 3.0
CGG GeoSoftware has launched version 3.0 of Insight Earth, its advanced 3D visualization and interpretation software, offering a fresh appro...
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Steady but slowing demand in 2014: Oil and Gas UK Well Services Contractors Report
Demand for the expertise of well services contractors operating in UK waters remained steady according to figures in the 2015 Oil and Gas UK...
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Xodus Subsea strengthens management team in the Americas
Xodus Subsea has appointed a General Manager and Business Development Manager to drive activity in the Americas, as the company aims to chal...
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CRU opens third frac sand transloading facility in South Texas
CRU Logistics has opened its third frac sand transloading facility in South Texas. The terminal, known as its 'light model' is locat...
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OPEC braces for more oil as Iran, Iraq declare plans to expand
Never mind cutting output to staunch a global glut, the talk so far at this week’s OPEC summit is mostly about pumping more oil. More »
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Alberta wildfire 3 days from containment as crude output rises
An Alberta wildfire that shut 10% of Canada’s oil sands production won’t be contained for three days as Canadian Natural Resources Ltd. ramp...
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IPAA: Lifting the restrictions on U.S. crude exports a top priority
IPAA President Barry Russell has sent a letter to House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) in support of his recent...
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Economists call for end to U.S. oil export ban
The economic case for allowing U.S. crude oil exports has been laid bare by a new paper released Wednesday. More »
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Eni, Shell and BP seek Iran access after end of sanctions
European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the coun...
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BG Group completes sale of QCLNG pipeline
BG Group has completed the sale of its wholly owned, 543-km pipeline network linking natural gas fields and the Queensland Curtis liquefied ...
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Oil price plunge forces soul-searching on Alaska's state budget
Oil has been Alaska’s lifeline. The collapse of crude prices could change everything. Lawmakers are embroiled in a stalemate over how to fil...
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Gazprom pursues Russian shale boom ambitions amid U.S. sanctions
OAO Gazprom Neft, the oil arm of Russia’s state-run gas exporter, said commercial production from its Bazhenov shale formations could start ...
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Methane emissions threaten to undermine natural-gas offensive
Discussion of methane leakage at the World Gas Conference in Paris came in the midst of an industry offensive by the biggest oil companies t...
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EandY: U.S. oil and gas capex, revenues and reserves continued to soar in 2014
Low oil prices in December had little impact on 2014 reporting of US oil and gas industry spending, reserves and revenues, according to EY’s...
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CGG launches lowest-noise FALCON Plus airborne gravity gradiometry technology
CGG announced the launch of FALCON Plus, the newest release in the highly successful suite of FALCON airborne gravity gradiometer (AGG) syst...
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Rosneft hires Gazprom’s Baranov to head investor relations
OAO Rosneft hired Andrey Baranov from OAO Gazprom to head investor relations as Russia’s largest oil producer seeks to add institutional sha...
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Shell expects oil rebound as shale fails to fill supply gap
Royal Dutch Shell Plc sees oil prices rising because supply from shale drilling in the U.S. won’t be enough to satisfy growing global demand...
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Shell, BP openly declare Iran interest on potential nuclear deal
European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the coun...
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OPEC’s shale war leaves big oil companies as unexpected casualty
When OPEC started a price war last November, driving oil down to its current $65 bbl, U.S. shale drillers looked doomed. Six months later, i...
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Oil retreats as Barclays sees possibility of OPEC quota increase
Oil declined amid speculation that the Organization of Petroleum Exporting Countries may increase its production quota when the group meets ...
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NOVATEK concludes long-term LNG contract with ENGIE
Novatek Gas and Power concluded a long-term contract with ENGIE (formerly GDF SUEZ) on the supply of LNG from the Yamal LNG project. More » ...
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Petrobras discovers new oil accumulation at Poço Verde area, in Sergipe Basin
Petrobras informs that well 3-SES-189, located at BM-SEAL-4 concession, discovers new oil accumulation in Sergipe Basin´s ultra-deep waters....
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Baker Hughes introduces integrated reservoir modeling software
Baker Hughes has announced commercial release of its next-generation JewelSuite™ 6 software, which helps operators improve data-driven decis...
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Exxon CEO says Europe should see climate benefits of shale gas
Exxon Mobil CEO Rex Tillerson said Europe should see the “tremendous environmental benefits” of producing natural gas from shale, pointing t...
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Gazprom pursues production from Bazhenov shale amid U.S. sanctions
Gazprom Neft, the oil arm of Russia’s state-run gas exporter, said commercial production from its Bazhenov shale formations could start in t...
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PGS and OMP enter sale and leaseback agreement of PGS Apollo
Petroleum Geo-Services ASA (PGS) has entered into a sale and leaseback agreement of PGS Apollo, the only non-Ramform designed 3D vessel in t...
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Harkand completes first campaign for BG in Caribbean
Global operator in the subsea inspection, repair and maintenance sector (IRM), Harkand, has successfully completed its first campaign in the...
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Abu Dhabi missing 2017 target for oil-output capacity boost
Abu Dhabi will be at least a year late in boosting its crude-production capacity to a record 3.5 MMbpd, according to officials at the state-...
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Iran said to plan better terms to lure foreign oil groups back
Iran, seeking billions of dollars to revitalize its ailing oil industry, plans to offer significantly better commercial terms to companies p...
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Chevron equipment loss in rough seas challenges growth plan
Chevron Corp. indefinitely delayed a $5.1-billion oil development in the U.S. Gulf of Mexico after an equipment failure, casting doubt on th...
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Repsol tests two exploration wells on Alaska's North Slope
Repsol has completed testing in two wells during its winter exploration campaign in Alaska with better-than-expected yields of good quality ...
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CGG completes fast-track depth imaging in record nine days
CGG has completed in record time the fast-track results for a 1,748-sq km BroadSeis 3D marine acquisition and depth imaging project. More » ...
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BP and Dana Gas to conduct joint exploration offshore Egypt
Dana Gas has completed an agreement with BP, whereby BP will carry Dana Gas for the drilling of a first exploration well in the El Matariya ...
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Russia producing oil near record swells global glut before OPEC meeting
Russian oil output neared a record in May, damping speculation before OPEC meets this week that major producers may cooperate to curb a glob...
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FMC Technologies, Technip complete Forsys Subsea JV
FMC Technologies, Inc. and Technip have announced that Forsys Subsea, a 50/50 JV, has received all regulatory approvals. The parties closed ...
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Sercel launches new super-heavy broadband vibrator, Nomad 90 Neo
Sercel has launched the Nomad 90 Neo, its new super-heavy broadband vibrator. The Nomad 90 Neo benefits from major improvements in vibrator ...
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Emerson acquires Energy Solutions International
Emerson has acquired Energy Solutions International Holdings, Inc., a global supplier of decision support software and services that enhance...
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CGG GeoSoftware releases new Hampson-Russell software suite
CGG GeoSoftware has released HRS 10.0, a major release of its industry-leading Hampson-Russell seismic interpretation and reservoir characte...
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Sercel GeoWave II tool breaks downhole temperature records
NANTES, France -- Sercel has announced that, on Monday, its recently launched downhole seismic array tool, GeoWave II, broke temperature rec...
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Keppel to deliver another three jackup rigs to Mexico's Grupo R
Keppel FELS, a wholly owned subsidiary of Keppel Offshore and Marine Ltd. (Keppel OandM), is on track to deliver three KFELS B Class jackup ...
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Noble Energy to donate $100,000 for flood relief and recovery in Texas
Noble energy has announced that the company will donate $100,000 to the American Red Cross Greater Houston Area Chapter in support of disast...
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Statoil bags four licenses offshore Nicaragua
Statoil has been awarded four licenses offshore the Nicaraguan Pacific. More »
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TGS extends LOA for 3D surveys in Northwest Europe
TGS has elected to extend the Letter of Award (LOA) signed with Polarcus DMCC to acquire a further 3,000 sq km of multi-client 3D seismic in...
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Alberta oil sands companies prepare to return as fire eases
Companies in Alberta prepared to return to work as rain eased a wildfire that prompted the shutdown of 10% of Canada’s oil sands production....
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LLOG hits oil at Crown and Anchor prospect in Gulf of Mexico
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. have drilled a successful exploration test at the Viosca Knoll 959...
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Saudi oil market share strategy is working, Al-Naimi says
Saudi Arabia’s oil minister said the kingdom’s efforts to focus on market share are working just days before OPEC meets to discuss productio...
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ConocoPhillips reports first steam at Surmont 2 oil sands project
ConocoPhillips achieved a significant milestone at its Surmont oil sands project in Canada with the on-schedule start of first steam at phas...
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Spectrum buys Fugro’s global multi-client library for $115 million
Spectrum has entered into an agreement for the acquisition of Fugro’s multi-client library for a price of $115.0 million on a cash- and debt...
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Chevron to move Big Foot to sheltered waters after damage to installation tendons
Chevron is moving the Big Foot tension-leg platform (TLP) to sheltered waters from its location in the deepwater U.S. Gulf of Mexico followi...
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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...