Petrobras discovers light oil in Carcará area of pre-salt Santos basin

Petrobras has announced that the drilling of the second well in Carcará area (Block BM-S-8), at Santos basin´s ultra-deep waters, confirmed the light oil potential in pre-salt’s reservoirs. More »

Oil drilling retreat in U.S. drags on for 25th straight week

Oil explorers idled rigs in U.S. fields for the 25th straight week, drawing out an unprecedented retreat in drilling that has curbed the country’s shale oil boom and helped crude prices rally. More »

Oil fund’s biggest outflow in 6 years shows rally may stall

The biggest U.S. exchange-traded fund that tracks oil is heading for the largest two-month outflow in six years, raising concern that crude’s 30% rally may stall. More »

BofA Sees 50% chance U.S. ends crude-export ban by 2017

The U.S. has a more than 50% chance of lifting the ban on most crude oil exports within the next two years, potentially narrowing the gap between domestic and international oil prices, according to Bank of America Corp. More »

WandT Offshore discovers oil, gas at Ewing Banks 910; brings Medusa SS #6 well online

WandT Offshore has announced a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field (Medusa), both in the deepwater Gulf of Mexico. More »

Stewart Tubular announces new manufacturing facility

Stewart Tubular Products, a manufacturer of premium threaded products for use in the global oil and gas industry, has announced an office relocation and expansion of manufacturing capacity. More »

DOE authorizes Alaska LNG exports to non-FTA countries

The Energy Department has issued a conditional authorization for the Alaska LNG Project, LLC to export domestically produced LNG to countries that do not have a Free Trade Agreement (FTA) with the U.S. More »

Circle Oil names new CEO

Circle Oil, an Irish incorporated Middle East and Africa focused EandP company, has announced the appointment of Mitchell Robert Flegg as the company’s new CEO and a director of the company with effect from June 1. More »

U.S. states compete among top energy producing nations

Many individual states now rival the world’s major energy producing countries, according to a ranking published Thursday by API. More »

North Sea crudes trade at biggest discounts in six years

North Sea crudes are trading at the biggest discount to the regional benchmark in more than six years amid a surplus of cargoes. More »

Libya seconds OPEC output target as ministers head to Vienna

OPEC will maintain its production target next week, Libya’s deputy vice prime minister for energy said, joining Kuwait in predicting no policy change when oil ministers from the 12-member group meet in Vienna. More »

Atlantic Offshore Rescue launches latest vessel as part of fleet modernization program

Atlantic Offshore Rescue has unveiled its third new vessel in the past 12 months as part of the company's fleet modernization program, representing an investment totaling about $458 million (£300 million). More »

Jee presents subsea mattress removal research in Aberdeen

Jee Ltd, an independent multi-discipline subsea engineering and training firm, has completed a contract with Decom North Sea (DNS), the representative body for the decommissioning industry, to identify pioneering methods of salvage and re-use options for concrete subsea mattresses. More »

Stewart Tubular announces new manufacturing facility and relocation of administrative offices

Stewart Tubular Products, a manufacturer of premium threaded products for use in the global oil and gas industry, has announced an office relocation and expansion of manufacturing capacity. More »

WandT Offshore discovers hydrocarbons at Ewing banks 910; brings Medusa SS #6 well online

WandT Offshore, Inc. has made a new discovery at Ewing banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field (Medusa), both in the deepwater of the Gulf of Mexico. The company also provided an update on the status of the Big Bend and Dantzler deepwater development projects. More »

Seatronics inks global rental agreement with Neptune Oceanographics

Seatronics, an Acteon company, has signed a rental agreement with Neptune Oceanographics. Seatronics now has access to Neptune’s range of leak detection systems globally. More »

U.S. Energy Department authorizes Alaska LNG exports

The Energy Department has issued a conditional authorization for the Alaska LNG Project to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the U.S. More »

OPEC output target seconded by Libya as ministers head to Vienna

OPEC will maintain its production target next week, Libya’s Deputy Vice Prime Minister said, joining Kuwait in predicting no policy change when oil ministers from the 12-member group meet in Vienna next week. More »

Somalia may pay 90% of oil revenue to explorer under draft deal

Soma Oil and Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90% of the country’s prospective oil revenue. More »

Adelos unveils distributed acoustic sensor solution for upstream oil and gas

Adelos Inc. has introduced Adelos 2.0, a fiber optic sensor system designed and optimized for commercial acoustic applications, including upstream oil and gas operations. More »

Remi Eriksen appointed new group CEO at DNV GL

The Board of Directors of DNV GL Group has appointed Remi Eriksen as the company’s new Group President and CEO. More »

Sage-grouse plan said to bar drilling on some U.S. land

A flamboyant bird will get new protections when federal regulators announce a plan to limit oil and gas drilling on its sprawling western U.S. habitat, which may stave off declaring the greater sage-grouse as endangered. More »

Weatherford V.P. Bill Lane to receive the SPE Gulf Coast Regional Production and Operations Award

Bill Lane, Vice President of Emerging Technologies for Artificial Lift, has received the SPE Gulf Coast Regional Production and Operations Award for his outstanding contributions to SPE and dedicated service to the Gulf Coast Region. More »

Engie sees possible exploration, production purchases in months

Engie, the French utility giant formerly known as GDF Suez SA, is studying fossil-fuel acquisitions. More »

U.S. Geological Survey releases frac sand research

Newly released research from the U.S. Geological Survey (USGS) describes U.S. hydraulic fracturing (frac) sand deposits and their locations, and provides estimates of frac sand production, consumption, and reserves. More »

Ashtead Technology boosts rental fleet with Neptune agreement

Ashtead Technology has secured a deal with Neptune Oceanographics Ltd., adding innovative underwater leak detection products to its rental fleet. More »

OneSubsea wins $330 million subsea production system contract

OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa. More »

Amec Foster Wheeler awarded LNG contract in Timor-Leste

More »

Transocean announces departure of CFO

Transocean has announced that Esa Ikaheimonen is stepping down as executive V.P. and CFO with immediate effect. More »

Premier Oil strikes oil in North Falkland basin

Premier Oil has struck oil at the Isobel Deep exploration well, 14/20-1, in the North Falkland basin, approximately 30 km south of Sea Lion field. More »

Seadrill drops as rig market gloom seen lasting into 2016

Seadrill Ltd. fell in Oslo trading as the offshore driller controlled by billionaire John Fredriksen sees the rig market remaining challenging until next year after a collapse in oil prices. More »

U.S. Geological Survey describes hydraulic fracturing sand sources and production in the U.S.

Newly released research from the U.S. Geological Survey (USGS) describes U.S. hydraulic fracturing (frac) sand deposits and their locations, and provides estimates of frac sand production, consumption, and reserves. More »

Atlas Copco introduces new QEC range for rental, mining and oil and gas

Atlas Copco has expanded its containerized generator offering with four new QEC models. More »

Ashtead Technology boosts its rental fleet with Neptune agreement

Ashtead Technology has secured a deal with Neptune Oceanographics Ltd., adding innovative underwater leak detection products to its rental fleet. More »

Applus RTD to open new office in Corpus Christi

Applus RTD has announced it is to open an office in Corpus Christi, Texas following increased demand for its non-destructive testing (NDT) services from the region’s energy industry. More »

Petrobras abandons deepwater prospect in Brazil’s top region

Brazil’s state-controlled oil company Petroleo Brasileiro abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries. More »

A relic of California’s oil past haunts state with ocean spill

A pipeline the oil market had all but forgotten resurfaced like a painful memory last week, spilling 500 bbl of heavy oil into the Pacific Ocean. More »

Alberta fire threat grows as blaze moves toward oil facilities

Northern Alberta firefighters are battling a wildfire that has moved within 5 km of Cenovus Energy Inc’s oil sands operations. More »

Much needed reductions in North Sea costs of 10 to 20% expected by 2016, says Wood Mackenzie

According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's Upstream sectors will decrease steadily this year as operators respond to lower oil prices. More »

Petrobras abandons Brazil's deepwater Caramba prospect

Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries. More »

BG Brasil, Senai CIMATEC launch Latin America’s fastest supercomputer

SALVADOR, Brazil -- BG Brasil and Senai CIMATEC have unveiled the fastest ever supercomputer in Latin America at the Senai CIMATEC Supercomputing Center for Industrial Innovation in Salvador, Bahia. More »

Brent oil trades near one-month low on Iraq exports, dollar

Oil traded near a one-month low in London on concern record Iraqi exports will boost OPEC supplies. More »

UK aims to maximize oil production as onshore wind loses out

The UK aims to maximize domestic oil and gas production and curb the spread of onshore wind farms as the government leans toward maintaining energy security over cutting carbon emissions. More »

Wood Group appointed as DECC technical advisor for CCS

Wood Group Kenny (WGK) will provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a framework agreement with the Department of Energy and Climate Change (DECC). More »

Statoil awards new Oseberg contract to Aibel

Statoil has awarded Aibel the contract to conduct a FEED study for the Oseberg Future Development Brownfield Topside project. The contract gives an opening for the subsequent EPCI contract. More »

Arcticgas making use of high-technology field development techniques

ST. PETERSBURG, Russia -- JSC Arcticgas—a subsidiary of Gazprom Neft and Novatek—has completed the first ever four-stage fracing of a horizontal well in the Yamalo-Nenets Autonomous Region, undertaken as part of the development of the Achimov deposits in Urengoyskoye field. More »

TGS announces appointment of new CFO

TGS has announced the appointment of Sven Børre Larsen as the company's new CFO. The effective date of Mr. Larsen's employment is yet to be determined, but will be no later than Dec. 1, 2015. More »

DOE authorizes Pieridae Energy to export U.S. natural gas

Pieridae Energy (Canada) Ltd. has announced that the Department of Energy of the U.S. has granted Pieridae Energy (U.S.) Ltd. long-term multi-contract authorization to export natural gas to Canada for end use in Canada and to export LNG produced from such natural gas from Canada to countries with which the U.S. has entered into a free trade agreement requiring national treatment for trade in natural gas (FTA countries). More »

Eni in gas, condensates discovery offshore Libya

Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect. More »

CNOOC reports discovery in Eastern South China Sea

CNOOC Limited has reported a mid-sized discovery, Liuhua 20-2, in the Eastern South China Sea. More »

Total produces 2 Bbbl from Angola’s deepwater Block 17

Total has achieved the significant milestone of producing a cumulative 2 Bbbl from its operated deepwater Block 17, 150 km off the coast of Angola. More »

Chevron to release documents in lawsuit over Nigerian oil leases

Chevron U.S. and BNP Paribas agreed recently in District Court in Texas to turn over documents and correspondence between the two companies and other entities to the Nigerian oil company that has sued Chevron over the sale of three oil mining leases in the Niger Delta. More »

Billionaire Koch brothers top Wealth-X list of wealthiest U.S. oil tycoons

The Koch brothers took the top two positions in a Wealth-X list of the wealthiest U.S. oil tycoons released Tuesday. More »

Cenovus Energy announces executive retirements

Cenovus Energy Inc. has announced that four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at different times over the course of 2015. More »

The U.S. Department of Energy authorizes Pieridae Energy to export American natural gas

Pieridae Energy (Canada) Ltd. has announced that the Department of Energy of the U.S. has granted Pieridae Energy (U.S.) Ltd. long-term multi-contract authorization to export natural gas to Canada for end use in Canada and to export LNG produced from such natural gas from Canada to countries with which the U.S. has entered into a free trade agreement requiring national treatment for trade in natural gas (FTA countries). More »

Eni discovers new gas and condensates offshore Libya

Eni has made a new discovery of gas and condensates offshore Libya, in the Bouri North exploration prospect. More »

Texas storms shut wells and fuel rack as plants go unscathed

Devon Energy Corp. shut wells and Kinder Morgan Inc. suspended operations at a fuel terminal southeast of Houston after storms flooded parts of Texas and cut power to tens of thousands. Refineries and pipelines continued to run. More »

Alberta fires keep 10% of oil sands offline for third day

Wildfires in northern Alberta kept about 10% of Canada’s oil sands production offline for a third day as Bank of America Corp. warned the blazes may slow the economy. More »

OPEC seen backing Saudi Arabia’s plan to keep supplies elevated

When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil levels, prices will be on its side. More »

Bordelon Marine takes delivery of ultra-light intervention vessel

Bordelon Marine has taken delivery of the M/V Shelia Bordelon, a DP2 Ultra-Light Intervention Vessel (ULIV). More »

Big oil investors give cold shoulder to climate change

Investor resolutions urging corporate leaders to be more environmentally friendly in how they run their businesses are being rolled out at a record pace this year for the energy industry. Just don’t expect them to pass. More »

Ecopetrol’s new strategy targets 870,000 bopd by 2020

Ecopetrol, the worst performing major oil stock in the past year, is scraping a high-growth strategy to focus on preserving margins and boosting reserves. More »

Questerre enters into MOU for oil shale acreage in Jordan

Canada-based Questerre Energy has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan. More »

Bentec wins rig and equipment contracts for Caspian Sea and onshore Russia

Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market. More »

Bentec wins drilling rig and equipment contracts for Caspian Sea and onshore Russia

Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market. More »

Non-OPEC production growth reduced by over 2 MMbopd towards 2020: Rystad Energy

Non-OPEC liquids growth potential of 5.5 MMbopd over the next five years has been reduced by over 2 MMbopd to 3.3 MMbopd, according to Rystad Energy’s most recent forecasts. More »

New offshore wind blowing in North America: Douglas Westwood

NEW YORK -- For the U.S. energy industry, 2014 will be remembered as the year when crude oil prices fell below $50/bbl, resulting in significant realignments in the sector, noted Douglas-Westwood. More »

South Sudan oil field becomes battleground in civil war as economy reels

After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiir’s survival may hinge on the fate of a single oil field. Paloch in Upper Nile state, the only region still pumping crude in a nation with sub-Saharan Africa’s third-largest reserves, has re-emerged as the rebels’ prime target. More »

Statoil orders Kongsberg technology delivery for Johan Sverdrup field

Kongsberg Maritime has been awarded a call-off order for delivery of the Safety and Automation System (SAS), Life Cycle Simulator and SAS Information Management System for the four platforms on the Johan Sverdrup field centre in Norway. More »

Canadian Natural shuts more output as Alberta fire rages

Canadian Natural Resources Ltd. reduced production from its Kirby South oil-sands operation in Alberta, raising the amount of production brought offline because of a nearby forest fire to 233,000 bpd. More »

UK-based Third Energy submits planning application for hydraulic stimulation

Third Energy will submit a planning application to North Yorkshire County Council to hydraulically stimulate and test various geological formations, at the existing well KM8 at Kirby Misperton. More »

Claims that Exxon is lobbying on Iran sanctions are inaccurate, company says

Media has reported that ExxonMobil is lobbying the U.S. government on Iran sanctions are inaccurate. More »

Oil becoming ‘mundane return-on-capital’ business to hedge fund manager

“Having to do things like drill in the Arctic” and “deal with Mr. Putin” are some of the reasons hedge fund manager Jim Chanos said he’s “really negative” on integrated oil companies. More »

Cue Energy brings Maari MR7A development well online

Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd. More »

Oil becoming ‘mundane return-on-capital’ business to Chanos

“Having to do things like drill in the Arctic” and “deal with Mr. Putin” are some of the reasons hedge fund manager Jim Chanos said he’s “really negative” on integrated oil companies. More »

Cue Energy brings New Zealand's Maari MR7A development well online

Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd. More »

Alberta forest fires shut 9% of Canada’s oil sands capacity

Alberta forest fires have prompted the shutdown of about 9% of Canada’s oil sands production. More »

Libya airstrike sets oil tanker ablaze amid political strife

Warplanes deployed by Libya’s internationally recognized government bombed an oil tanker at a terminal controlled by the nation’s rival Islamist leaders, killing one person, the regional coastguard commander said. More »

Oil trades near $60/bbl as U.S. drillers add onshore rigs

Oil traded near $60/bbl as explorers in the U.S. increased drilling activity for the first time since November. More »

Third Energy submits planning application for hydraulic stimulation

Third Energy will submit a planning application to North Yorkshire County Council to hydraulically stimulate and test various geological formations, at the existing well KM8 at Kirby Misperton. More »

Buru Energy spuds Olympic 1 exploration well in Western Australia

Buru Energy has commenced its extensive 2015 exploration drilling program with the spudding of the Olympic 1 conventional oil well located southeast of Broome in Western Australia. More »

ExxonMobil lobbying on Iran sanctions are inaccurate, media reports

Media has reported that ExxonMobil is lobbying the U.S. government on Iran sanctions are inaccurate. More »

Mario Mehren takes over as CEO for Wintershall

Mario Mehren will take over as the Chairman of the Board of Executive Directors at Wintershall Holding GmbH on Jun. 1. More »

Twin Eagle lands its first 130 car frac sand unit train in the heart of the Eagle Ford shale

Twin Eagle Sand Logistics, a subsidiary of Twin Eagle Resource Management, has landed its first 130 car frac sand unit train at Mission Rail in Elmendorf, Texas, which is in the heart of the Eagle Ford shale. More »

Oil bears miss out as record U.S. refinery demand drives rally

Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher. More »