News

Wavefront issued 15-well stimulations campaign in Kuwait

Published July 21, 2017 at 4:30 pm
Wavefront Technology Solutions Inc., a global supplier of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil (IOR/EOR) recovery has announced that the Company, through its local distributor, has been issued a campaign of 15 well stimulations in Kuwait.

Schlumberger buy a test of Russia-U.S. ties

Published July 21, 2017 at 4:30 pm
U.S. oilfield services giant Schlumberger NV has agreed to buy a 51% in Russian peer Eurasia Drilling Co. (EDC) in a deal likely to test Russia-U.S. ties.

Husky Energy sees potential for acquisitions on smaller second-quarter loss

Published July 21, 2017 at 4:30 pm
Canadian oil and gas producer Husky Energy Inc. sees an increased opportunity for asset purchases, but will have a "high bar" for determining whether to buy, company CEO Rob Peabody said on Friday.

Rosneft’s Novokuibyshev refinery due hydrocracking plant

Published July 21, 2017 at 3:31 pm
PJSC Rosneft has completed delivery of major process equipment as part of the ongoing construction of a grassroots hydrocracking plant and methyldiethanolamine (MDEA) regeneration unit at its 8.8-million tonne/year refinery at Novokuibyshev, Samara Oblast, in southeastern Russia.

Russian oil output seen peaking soon without tax change

Published July 21, 2017 at 3:17 pm
Conflicting priorities of influential groups keep Russia from changing tax policy as it must to sustain oil production.

Baker Hughes: US rig count declines for second time in 4 weeks

Published July 21, 2017 at 2:10 pm
US rig count growth appears to be slowing.

Petronas delivers first LNG cargo to Thailand

Published July 21, 2017 at 2:07 pm
Petronas has delivered its first LNG cargo to Thailand under a long-term agreement signed between its subsidiary Petronas LNG Ltd. (PLL) and PTT PCL.

Maersk Oil finishes jacket installations at Culzean in UK North Sea

Published July 21, 2017 at 2:03 pm
The Maersk Oil-operated high pressure, high temperature (HPHT) Culzean field development in the UK North Sea has reached another milestone with the installation of all three of the project’s jackets.

ExxonMobil fights Russian-sanctions fine

Published July 21, 2017 at 2:00 pm
ExxonMobil Corp. is challenging a US Department of the Treasury penalty for dealings that the Office of Foreign Assets Control (OFAC) says violated sanctions against Russia.

LyondellBasell advances $2.4-billion Gulf Coast petchem project

Published July 21, 2017 at 12:14 pm
LyondellBasell Industries NV has reached final investment decision on its previously proposed plan to build what it is calling the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant at the company’s Houston-area complex in Channelview, Tex.

US House okays bills speeding pipeline permits

Published July 21, 2017 at 11:56 am
Two bills streamlining oil and gas pipeline permitting and a third easing ozone regulation have been passed by the US House of Representatives.

MARKET WATCH: Crude prices drop ahead of OPEC, non-OPEC meeting in Russia

Published July 21, 2017 at 11:35 am
Crude oil prices on markets in New York and London declined on July 20 and into July 21, shedding the momentum that propelled them to 6-week highs earlier in the week.

Subsea 7 awarded contract extensions offshore Brazil

Published July 21, 2017 at 11:34 am
Subsea 7 S.A. has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil.

Maersk Oil completes Culzean jacket installation

Published July 21, 2017 at 11:34 am
The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on time and on budget.

U.S. owns 700 MMbbl of oil and Trump wants to sell it

Published July 21, 2017 at 10:12 am
The U.S. government began stockpiling oil July 21, 1977. It started with just 412,000 bbl of Saudi Arabian light crude stashed in a Southeast Texas salt dome.

Dana Gas to use AGR software for deepwater exploration in Egypt

Published July 21, 2017 at 10:12 am
Global energy services and technology company, AGR, has signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of its P1 software.

OPEC, Russia to stand pat on oil deal even as glut persists

Published July 21, 2017 at 10:12 am
OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend.

Encana exceeds profit estimates, expects strong 2018

Published July 21, 2017 at 10:12 am
Canadian oil and gas producer Encana Corp. on Friday posted a quarterly profit that handily beat estimates and the company said it was expecting a strong 2018, even with current commodity prices.

GE takes tumble as earnings favor bottom of forecast

Published July 21, 2017 at 10:12 am
General Electric Co. said it’s trending toward the bottom end of its profit forecast this year as the manufacturer faces ongoing challenges in the oil and gas market.

UAE energy minister hopes global oil markets begin to tighten in second half of 2017

Published July 21, 2017 at 10:12 am
The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Friday he hopes that global supplies will start tightening in the second half of the year when demand picks up.

After biggest gas leak in U.S. history, Aliso Canyon field set to reopen

Published July 21, 2017 at 10:12 am
Almost two years after the biggest gas leak in U.S. history sprung from a Sempra Energy natural gas storage field in Southern California, the state is ready for the complex to reopen.

Exxon to challenge U.S. Treasury’s fine for violation of Russia sanctions

Published July 21, 2017 at 10:12 am
Exxon Mobil Corp. says it is legally challenging a $2-million fine assessed against it by the U.S. Treasury Department for “egregious” violations of sanctions against Russia when now-Secretary of State Rex Tillerson was chief executive.

U.S. owns 700 MMbbl of oil. Trump wants to sell it

Published July 21, 2017 at 8:29 am
The U.S. government began stockpiling oil July 21, 1977. It started with just 412,000 bbl of Saudi Arabian light crude stashed in a Southeast Texas salt dome.

Schlumberger to acquire majority share in Eurasia Drilling Company

Published July 20, 2017 at 7:11 pm
Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.

Nigeria oil thieves keep a lid on output even as bombs abate

Published July 20, 2017 at 3:33 pm
The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about the thieves who’d shut him down.