America’s oil explorers boost drilling for seventh time in eight weeks

Drillers added rigs in U.S. oilfields for the seventh time in the past eight weeks as declining crude prices fail to hold activity back. More »

Total abandons Danish shale gas well

French energy giant Total has been left disappointed by a shale exploration well in Denmark. More »

WTI falls below $40 for first time since 2009 as glut grows

Oil plunged below $40/bbl in New York for the first time in more than six years on signs the supply glut will be prolonged. More »

Royal IHC launches fifth pipelaying vessel for Sapura Navegação Marítima

Royal IHC has successfully named and launched the pipelaying vessel, SAPURA RUBI, in a ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. More »

Congress likely to repeal oil export ban in 2016, Evercore says

Legislation to repeal a 40-year ban on most domestic oil exports will probably become law in the first quarter of next year, according to analysts at Evercore ISI. More »

Oceaneering promotes Clyde Hewlett to COO

Oceaneering International has announced the promotion of Clyde Hewlett to COO. In this capacity, he will have expanded responsibility for managing all of Oceaneering's oilfield business. More »

Gazprom Neft brings second well online at Prirazlomnoye field

Gazprom Neft has brought its second well into production at Prirazlomnoye field, with output totaling 1,800 tonnes per day. More »

Statoil’s Polarled gas pipeline crosses Arctic Circle

Statoil's Polarled gas pipeline crossed 66 degrees and 33 minutes north of the equator on Friday, and, in doing so, it became the first pipeline to take Norway’s gas infrastructure across the Arctic Circle. More »

Johan Sverdrup development approved, Statoil says

The plan for development and operation (PDO) for Johan Sverdrup, phase one, has been approved by Norway’s Ministry of Petroleum and Energy. More »

Johan Sverdrup development plan gets a go ahead

Lundin Norway has received plan of development and operation (PDO) approval for Phase 1 of the Johan Sverdrup field development, offshore Norway. More »

Lundin to drill two exploration wells

Lundin Norway has received consent for drilling of two exploration wells, 6407/10-4 and 16/1-25S, in the Norwegian Sea and North Sea, respectively, from Petroleum Safety Authority Norway (PSA). More »

Flying robots replace oil roughnecks

Oil rig inspection is a dangerous business. Traditionally roughnecks dangled from a wire, in gale-force winds if needed, to manually log wear and tear on the girders. Assessments include giant chimneys - called flare stacks - that belch fire during million-dollar-a-day shut-downs. More »

Saudis get that 1998 feeling as lower oil price threatens wealth

The oil price was near its lowest in more than a decade, cash reserves were being depleted, emerging markets were in turmoil and Saudi Arabia was beginning to panic. More »

Oil’s slump claims another casualty as Santos CEO steps down

Oil’s collapse claimed its next victim. More »

Oil poised for longest weekly losing streak since 1986 amid glut

Oil headed for the longest run of weekly declines in almost three decades on signs the supply glut that drove prices to a six-year low will be prolonged. More »

Shale pioneer McClendon seeks global footprint in armour deal

U.S. shale gas explorer Aubrey McClendon is negotiating a $100 million acquisition of Australian drilling rights in a move that marks the former Chesapeake Energy Corp. chief’s first move overseas. More »

Lukoil sells Kazakh assets to Sinopec for $1.09 billion

Lukoil has closed a deal to sell its 50% share in Caspian Investments Resources to China's Sinopec. The required permits from the state authorities of the Republic of Kazakhstan were acquired in late July. More »

Lithium battery supplier changes name from Exium Technologies to Vitzrocell USA, Inc.

Exium Technologies, Inc. has announced that the company has changed its name to Vitzrocell USA, Inc. More »

Fluor, COOEC form new fabrication joint venture

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Goodrich Petroleum CFO tenders resignation

Goodrich Petroleum announced Wednesday that Jan Schott, the company’s senior V.P. and CFO, has resigned to take a financial position with a private company. More »

Hoover Container Solutions introduces new acid tanks to offshore product line

Hoover Container Solutions has introduced acid tanks intended for the safe transport and storage of a wide range of corrosive liquids and chemicals as the newest addition to its comprehensive offshore product line. More »

Israeli gas finds up for grabs as government prepares sales

Israel moved one step closer to selling stakes worth billions of dollars in its offshore natural gas fields after the Cabinet approved development plans that may lead to exports of the fuel for the first time. More »

William Jacob Management retains services of Rainmaker LLC

William Jacob Management, an engineering and project management firm, has retained the services of Rainmaker LLC to provide sales and marketing support worldwide. More »

Ecopetrol to form new subsidiary for offshore developments

Ecopetrol’s board of directors has authorized the creation of a Colombian company indirectly wholly owned by Ecopetrol S.A. More »

Goodrich Petroleum CFO tenders resignations

Goodrich Petroleum announced Wednesday that Jan Schott, the company’s senior V.P. and CFO, has resigned to take a financial position with a private company. More »

ITF seeks proposals to drive down cost of well plugging and abandonment

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Crude oil prices still have a long way to fall: A. Gary Shilling

In February, I predicted that crude oil prices would drop to $10 to $20/bbl. At the time, the price of West Texas Intermediate was $54, down from $74 in November, when OPEC decided not to cut production in order to forestall further price erosion. And that was way down from the June 2014 price of $107. More »

ONGC seeking payments in oil from Venezuela to clear sales dues

India’s Oil and Natural Gas Corp. is in discussions to take $535 million worth of crude in lieu of cash for its share of sales from a Venezuelan oilfield. More »

Mexico hedges 2016 oil exports at average of $49/bbl

Mexico’s government hedged oil exports for next year at an average $49 a barrel, locking in protection against low crude prices, the nation’s Finance Ministry said. More »

Origin Energy falls to lowest since 2008 after posting loss

Origin Energy Ltd. plunged to the lowest intraday price in seven years after posting a full-year loss on asset writedowns and accelerating cost cuts amid a decline in crude prices. More »

Marcellus shale gas revolution deals blow to Rockies’ producers

Eight years ago, a group of companies led by Kinder Morgan Energy Partners began building a $6.8 billion pipeline to carry natural gas from America’s Rocky Mountains to fuel-hungry markets in the East. More »

U.S. shale operators may be the new swing producers

The emergence of shale technology, particularly in the U.S., is dramatically challenging the conventional rules of the global oil markets, according to Olivier Appert, president of the World Energy Council French Committee. More »

Western Gulf of Mexico lease sale 246 yields only $22.7 million in high bids

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) held its oil and gas lease sale for the Western Gulf of Mexico that drew $22,675,212 in high bids. More »

Gulf of Mexico lease sale yields $22.7 million in high bids

The Bureau of Ocean Energy Management (BOEM) held an oil and gas lease sale Wednesday for the Western Gulf of Mexico that drew $22,675,212 in high bids for tracts on the U.S. Outer Continental Shelf offshore Texas. More »

Albania launches bid round for onshore blocks

The Ministry of Energy and Industry of Albania, recently announced that the oil and gas exploration bidding round deadline is 15th October for onshore blocks Panaja, C and 5 More »

Fugro Americas showcases new-build survey vessel

Fugro’s new-build geophysical survey vessel, the Fugro Americas, was showcased to top clients, with over 100 in attendance. More »

OneSubsea to supply industry's first 15,000-psi subsea pump system for Stones development

OneSubsea, a Cameron and Schlumberger company, was awarded a contract in the second quarter of 2015, to supply subsea processing systems for the Shell Offshore Inc. Stones development in the Gulf of Mexico. More »

Arctic drilling isn’t worth the risk: Hillary Clinton

Democratic presidential candidate Hillary Clinton has spoken out against drilling in Arctic waters. More »

Alvheim production exceeds expectations: Det Norske

Accumulated oil production from the Alvheim-area has passed the 300 MMbbl mark, Det Norske said Wednesday. More »

Companies kick off joint shale gas study in British Columbia

Japan Oil, Gas and Metals National Corporation and INPEX Corporation have started a joint study on technology relating to shale gas development in the Horn River, Liard and Cordova areas in the province of British Columbia, Canada, with INPEX Gas British Columbia and Nexen Energy ULC. More »

CNOOC, Roc sign PSCs for South China Sea blocks

China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSCs) with Roc Oil (China) Company (ROC) for Blocks 16/07 and 03/33 in the South China Sea. More »

Lake Charles LNG project gets FERC’S Final Environmental Impact Statement

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Marsol International launches integrity management system

Marsol International, a Dubai-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has launched its holistic integrity management system to drive forward efficiencies in capital and operating expenditures. More »

More oil pain needed before energy deals seen picking up

It may take another quarter of weakening oil prices before energy companies start selling assets, according to Australia’s Woodside Petroleum Ltd. More »

Colorado already put methane caps on drillers, and it worked

For an idea of how the U.S. government’s proposed methane rules will affect drillers, look no further than Colorado. More »

Circle Oil wins permit extension for Mahdia license in Tunisia

Circle Oil has announced that the Tunisian Authority has approved the application to renew the exploration permit on its Mahdia block. More »

BOEM opens bids for GoM oil and gas lease sale

The Bureau of Ocean Energy Management (BOEM) will conduct Gulf of Mexico Western Planning Area Lease Sale 246 on Wednesday at the Mercedes-Benz Superdome in New Orleans. More »

COSCO Shipping bags Appomattox platform transportation contract from Shell Offshore

COSCO Shipping Company Ltd. (COSCOL) has signed a contract with Shell Offshore on July 6, for the transportation of the Appomattox semi-submersible offshore platform hull from South Korea to Ingleside, Texas. More »

CH2M appoints Bob Prasad as V.P. of Business Development for its Oil, Gas and Chemicals Business group

CH2M, a global full-service consulting, design, construction, and operations firm, has announced that Bob Prasad has been promoted to V.P. of Business Development, Canada and Western U.S. for the Oil, Gas and Chemicals Business group. More »

Woodside first-half profit slumps 39% after oil price plunge

Woodside Petroleum, Australia’s second- largest oil and gas producer, posted a 39% decline in first-half profit following the slide in crude prices. More »

OPEC's `Fragile Five' face rising cost of fight for market share

The costs of OPEC’s plan to protect members' share of the oil market by out-producing rivals are mounting. More »

Oil resumes decline as OPEC nations continue to pump amid glut

Oil resumed its decline as OPEC nations signal they will continue pumping crude amid a global glut. More »

New onshore oil and gas blocks to be offered

The Oil and Gas Authority (OGA) announced today that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies. More »

EPA proposes 45% reduction in methane leaks from oil, gas operators by 2025

The Obama administration has proposed the first federal rules to cut methane emissions from oil and gas production. The proposed rules from the EPA target oil wells, compressors and other equipment as part of an effort to reduce leaks of methane by as much as 45% by 2025. More »

Aquatic awarded multi-million dollar Moho Nord subsea contract

Aquatic Engineering and Construction, an Acteon company, has been awarded a multi-million dollar contract on the $10-billion Moho Nord subsea project, off the coast of the Republic of Congo, West Africa. More »

EPA proposes 45% reduction in methane leaks from oil, gas operators by 2015

The Obama administration has proposed the first federal rules to cut methane emissions from oil and gas production. The proposed rules from the EPA target oil wells, compressors and other equipment as part of an effort to reduce leaks of methane by as much as 45% by 2025. More »

Bell Geospace awarded contract for data acquisition survey in Mongolia

Bell Geospace, leaders in full tensor gravity gradiometry data acquisition, have announced that they have been awarded a contract to acquire approximately 4,247 square mi of data onshore Mongolia, by Petro Matad Limited. More »

Crescent Point Energy closes Coral Hill Energy acquisition

Crescent Point Energy’s acquisition of Coral Hill Energy closed Friday. More »

Accenture to acquire Schlumberger Business Consulting

Accenture has entered into an agreement to acquire Schlumberger Business Consulting (SBC), the management consulting unit of Schlumberger. More »

NEOS acquires Denver land processing business from ION

NEOS GeoSolutions has acquired ION Geophysical's Denver-based land seismic data processing operation, NEOS announced Monday. More »

Amec Foster Wheeler wins Upper Zakum field contract extension

Amec Foster Wheeler has been awarded an extension to its existing project management consultancy (PMC) contract for the UZ750 project in Upper Zakum (UZ) field, 84 km northwest of Abu Dhabi. More »

Wood Group wins major Shell Gabon contract

Wood Group has received a letter of award for a new five year, multi-million dollar contract with Shell, to provide services to four onshore oil fields in Gabon. More »

Brace for more dividend cuts as Canada oil-patch cash flow fades

Dividend cuts among Canadian energy producers are poised to accelerate as cost reductions fail to boost shrinking cash flow. More »

EPA to propose methane emission cuts for oil and gas industry

The U.S. Environmental Protection Agency will announce on Tuesday proposed regulations to curb emissions from the nation’s oil and natural gas industry, according to the American Petroleum Institute’s regulatory chief. More »

Oil trades near six-year low as global oversupply seen prolonged

Oil traded near the lowest price in six years amid speculation the global glut that drove prices into a bear market will be prolonged. More »

Emerson signs 10-year agreement with BP

BP and Emerson have signed a global agreement for Emerson Process Management, a global business of Emerson, to provide automation technologies and aftercare services for BP’s upstream oil and gas operations. More »

Primeline inks drilling contract for exploration campaign with COSL

Primeline Energy Holdings has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration programme of two wells in Block 33/07 in the East China Sea. More »

Shell wins approval to drill for oil in Alaskan Arctic waters

Royal Dutch Shell won permission to fully drill a well for oil in the Arctic waters off Alaska for the first time in three years. More »

Frank's International names Alex Cestero as Senior V.P., General Counsel and Secretary

Frank's International has announced that Alex Cestero has been appointed as the company's Senior V.P., General Counsel and Secretary. More »

National Energy Board issues import and export licences to Pieridae Energy (Canada)

Pieridae Energy (Canada) Ltd. has been issued long-term licenses by the National Energy Board of Canada to import natural gas from the U.S. and to export liquefied natural gas (LNG) from Canada. More »

WPX Energy completes acquisition of Permian producer, RKI Exploration and Production

WPX Energy has successfully closed the purchase of privately held RKI Exploration and Production. More »

BSEE approves Shell's request to drill into Arctic oil-bearing zones

Shell has received approval to conduct exploratory drilling activities into potential oil-bearing zones offshore Alaska at one of the wells at the Burger prospect, Burger J. More »

Alberta limits oil-sands water use as province faces dry spell

Alberta’s energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province. More »

Algeria calls for non-OPEC output cut to stop oil price slump

OPEC can do little to halt the oil price decline on its own and needs producers from outside the group to help in reducing global supplies, Algeria’s Energy Minister said. More »

Wood Group wins double contract in Ca Rong Do

Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam. More »

Sparrows Group expands into Saudi Arabia

Sparrows Group has expanded its reach in the Middle East after forming a local partnership with Zamil Group in Saudi Arabia. More »

Russia sales outlook worst in BRIC markets on oil

Russia is the standout these days among the biggest emerging markets, but for all the wrong reasons. More »

South Africa’s ANC backs oil-law plan in economic policy review

South Africa’s ruling African National Congress backed a plan to split legislation governing the oil and gas industry from mining laws as the party begins a review of its policies. More »

KrisEnergy brings Wassana field online

KrisEnergy Ltd. has initiated oil production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand. More »

Tendeka appoints new COO and CTO

Tendeka has strengthened its executive team with the appointment of Scott Watters as COO and Annabel Green as CTO. More »

Bill Smart joins Delmar Systems

Bill Smart has joined the Delmar Systems, Inc. global business development team. More »

Sen. Murkowski welcomes approval of U.S.-Mexico oil exchanges

U.S. Sen. Lisa Murkowski, R-Alaska has applauded news that the U.S. Commerce Department has approved limited exchanges of crude oil between the United States and Mexico. More »

National Energy Board grants export licence to Bear Head LNG

The Directors of Liquefied Natural Gas Ltd. have announced that Canada's National Energy Board (NEB) has granted Bear Head LNG Corporation and Bear Head LNG (U.S.) authorization to export liquefied natural gas (LNG) from Bear Head LNG's project site on the Strait of Canso in Nova Scotia. More »

Hedge funds resume flight from oil as prices sink to 6-year lows

After showing some short-lived optimism, hedge funds resumed their retreat from the U.S. oil market, cutting bullish positions for the seventh time in eight weeks as prices dropped to the lowest since 2009. More »

OPEC may boost oil output to record with Iran back amid glut

OPEC could potentially boost crude oil production to 33 MMbopd, the most ever, after international sanctions are removed against Iran amid a global supply glut, according to the country’s OPEC representative. More »

Oman’s daily oil output tops 1 MMbopd for first time

Oman, the biggest oil producer in the Middle East outside OPEC, said its crude and condensate production in July exceeded 1 MMbopd for the first time. More »

Israeli cabinet approves blueprint for natural gas development

The Israeli cabinet approved a regulatory blueprint for developing the country’s natural gas fields, backed by Prime Minister Benjamin Netanyahu and opposed by detractors who call it overly generous to energy companies. More »