New monitoring technology requires no Internet connection

Sensaphone has introduced a cellular version of its Sentinel system that provides 24/7 monitoring of unattended equipment and remote locations where Internet or Ethernet connectivity is unavailable. More »

Antero Resources announces drop down of water business to Antero Midstream

Antero Resources Corp. has entered into a definitive agreement for Antero Midstream Partners LP to acquire Antero Resources' integrated water business for an aggregate $1.05 billion. More »

Exxon said to be on the hunt for shale bargains in West Texas

Exxon Mobil Corp. is adjusting the way it structures shale acquisitions as the global energy giant expands in West Texas, the largest U.S. oil-producing region. More »

Shale driller debt burden puts 400,000 bbl at risk

As much as 400,000 bpd of oil production is at risk as U.S. shale companies like Samson Resources Co. run out of money and are forced to slow drilling. More »

Hoover Container Solutions acquires Tech Oil Products

Hoover Container Solutions—a provider of chemical tanks, cargo carrying units and related products and services to the global energy, petrochemical and related industrial end markets—has acquired Tech Oil Products, Inc. More »

CGG GeoSoftware donates software to Universiti Teknologi PETRONAS

CGG GeoSoftware has made a significant software donation to Universiti Teknologi PETRONAS (UTP) as part of its commitment to help train the next generation of geoscience graduates joining the energy industry. More »

Lukoil produces 30 Bcm of natural gas in Uzbekistan

Lukoil has cumulatively produced 30 Bcm of natural gas at its projects in Uzbekistan, the company announced Friday. Most of this—about 85%—comes from Khauzak-Shady field in the Bukhara Province. More »

Statoil awards FMC subsea contract for Johan Sverdrup

HOUSTON -- FMC Technologies announced Friday the award of a new EPC contract with Statoil where Phase 1 of Johan Sverdrup field is the first call-off. More »

IPAA welcomes passage of bipartisan bill allowing crude exports

WASHINGTON -- The Independent Petroleum Association of America (IPAA) welcomed the passage of a bipartisan bill designed to lift outdated trade restrictions on U.S. crude oil, which the House Committee on Energy and Commerce approved Thursday by a recorded vote of 31-19. More »

BP set to keep key Caspian oil fields after Azeri deal expires

BP Plc is poised to continue as operator of a key Caspian oil-field complex after the current production-sharing deal expires, according to Azerbaijan’s state oil company. More »

Suncor Energy to drill wildcat well in North Sea

The Norwegian Petroleum Directorate (NPD) has granted Suncor Energy Norge AS a drilling permit for well 25/10-14 S, cf. Section 8 of the Resource Management Regulations. More »

FMC Technologies bags subsea equipment contract for Johan Sverdrup

On behalf of the Johan Sverdrup partnership, Statoil has awarded an EPC contract for subsea equipment for the Johan Sverdrup project to FMC Kongsberg Subsea AS. The contract involves establishment of a new and cost efficient standard for subsea equipment. More »

Superior Tube to provide advanced tubing for TEMA India FPSO heat exchangers

Superior Tube, a manufacturer of precision metal tubing for safety critical applications, has been awarded a contract from TEMA India Ltd. to supply heat exchanger tubing for a new FPSO vessel. More »

OEG Offshore expands market with New Zealand partnership

OEG Offshore has appointed Kingston Catering and Providoring Co. Ltd. based in New Zealand, as local partner to expand and support customer operations in New Zealand. More »

An Oklahoma of oil at risk as debt shackles U.S. shale drillers

As much as 400,000 bpd of oil production is at risk as U.S. shale companies like Samson Resources Co. run out of money and are forced to slow drilling. More »

Trelleborg signs framework agreement with Statoil

Trelleborg’s offshore operation signed a framework agreement with Statoil for the delivery of Passive Fire Protection solutions for use on flanges and bolts. More »

Telleborg signs framework agreement with Statoil

Trelleborg’s offshore operation signed a framework agreement with Statoil for the delivery of Passive Fire Protection solutions for use on flanges and bolts. More »

Women's Global Leadership Conference set to attract 700

Resiliency, optimism and perseverance will be resounding topics for attendees of the 12th installment of the Women’s Global Leadership Conference in Energy on Oct. 27-28 in Houston. Registrations are on track to exceed 700 attendees, mostly female, in the oil and gas sector. More »

Gazprom Neft wins license for Novochatylkinsky subsoil concession

More »

Nexans to deliver umbilicals for BP’s West Nile Delta Taurus Libra project

Nexans has been awarded a contract to deliver 48 km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt. More »

OPEC assumes oil price will recover gradually to $80 in 2020

OPEC is assuming the oil price will rise gradually to $80/bbl in 2020 as supply growth outside the group weakens, a slower recovery than several member nations have said they need. More »

VAALCO Energy starts production from North Tchibala field

VAALCO Energy reports that the North Tchibala 1-H well, the first development well drilled by VAALCO in North Tchibala field, was brought online at a rate slightly in excess of 3,000 bopd (gross). More »

API welcomes bipartisan Senate push on crude exports

The American Petroleum Institute (API) has welcomed reports that Senate Majority Leader Mitch McConnell (R-Ky.) would join with bipartisan leaders to advance legislation lifting restrictions on U.S. crude oil exports. More »

Weatherford expands artificial-lift systems portfolio with sand-tolerant pump

Weatherford has announced the addition of the sand-tolerant pump (STP) to the company’s artificial-lift solutions offering. Aimed to optimize the life of wells, slow production declines and reduce workovers, the STP is an alternative to standard rod pumps in wells with high sand production. More »

Maersk awards Tata Steel multi-million dollar contract for Culzean development

Tata Steel has been awarded a multi-million dollar contract for the Maersk Culzean project in the UK central North Sea. More »

World’s first subsea gas compression plant on line, Statoil says

Statoil and its partners have, this week, put the first subsea gas compression facility on line at Åsgard field in the Norwegian Sea. Subsea compression will add some 306 MMboe to total output over the field’s life. More »

VNG Norge finds oil southwest of Njord field

VNG Norge, operator of production license 586, is in the process of completing the drilling of wildcat wells 6406/12-4 S and 6406/12-4 A. More »

University of Texas, Atlas Knowledge Group form e-learning partnership

ATLAS Knowledge Group, a provider of learning technology solutions, has announced a new partnership with the prestigious Petroleum Extension (PETEX) at the University of Texas at Austin that brings both organizations’ training provision to a global audience. More »

Goldman sees 15 years of weak crude as $20 oil looms on glut

A glut of crude may keep oil prices low for the next 15 years, according to Goldman Sachs Group Inc. More »

Saudi Aramco says Nasser new CEO of world’s biggest oil firm

Amin al-Nasser was named president and CEO of Saudi Arabian Oil Co., as part of leadership changes at the world’s biggest oil company overseen by a newly created supreme council headed by the Saudi king’s son. More »

UK shale gas could aid transition to low carbon future, report says

The UK’s Task Force on Shale Gas has released its third report looking at how the development of a UK shale industry would affect the island nation’s overall climate impact. More »

Crude below $50 raises doubt in East Africa's oil projects

Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task. More »

Exxon Mobil starts production at Erha North Phase 2 project

Exxon Mobil announced Wednesday that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria. More »

Deep Down lands $2.5 million flying lead order

Deep Down, Inc., an oil field services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, has received a large order for patented flying leads and unique UTA (Umbilical Termination Assembly), valued at approximately $2.5 million, directly from an independent operator. More »

White House should reconsider oil export stance, API says

The American Petroleum Institute (API) has urged the Obama administration to reconsider its position, as outlined by a White House spokesman on Tuesday, that Congress should leave crude oil export decisions to the Commerce Department. More »

Woodside awards FEED contract to Aibel

Woodside has awarded Aibel a Front End Engineering and Design (FEED) contract in connection with the subsea tie back to the Ngujima-Yin FPSO. More »

Statoil awards ABB power cable contract for Johan Sverdrup

Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB AB in Sweden for fabrication and installation of two high-voltage cables supplying power from shore to the Johan Sverdrup field. More »

Petrobras to use GE’s seawater sulfate removal nanofiltration membrane for offshore production

With the upstream oil and gas sector seeking new water treatment technologies as companies move into deeper waters, GE has announced that Petrobras has approved GE’s new seawater sulfate removal (SWSR) nanofiltration membrane for use in water injection applications regarding sulfate removal. More »

Greene’s Energy Group names Del Buono as key account manager

Greene’s Energy Group, LLC (GEG), a provider of integrated testing, rentals and specialty services, has announced James “Bruno” Del Buono as a Key Account Manager. More »

MODEC bags FSO contract for Maersk’s Culzean field

MODEC has signed a contract with Maersk Oil North Sea UK to supply a floating storage and offloading (FSO) vessel for the Culzean development project in the North Sea. More »

Kværner Verdal selects AVEVA software for offshore construction projects

Kværner Verdal has selected AVEVA Bocad Steel and AVEVA Bocad Offshore for use at its design and fabrication yard in Verdal, Norway. More »

Greene’s Energy Group appoints Del Buono as Key Account Manager

Greene’s Energy Group, LLC (GEG), a provider of integrated testing, rentals and specialty services, has announced James “Bruno” Del Buono as a Key Account Manager. More »

Wood Group pioneers five new subsea JIPs

Wood Group is leading five new joint industry projects (JIPs), which will use the company’s extensive subsea experience to solve industry-wide challenges. More »

East Libya to punish oil companies working with rival government

Libya’s internationally recognized government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude deposits. More »

Venezuela sees oil summit plan advancing in bid to support price

Venezuelan proposals for a summit between OPEC and non-OPEC producers are advancing, and should focus on bolstering oil prices rather than limiting volumes, government officials said Tuesday. More »

MODEC bags FSO contract for Maersk Oil’s Culzean field

MODEC, Inc. has signed a contract with Maersk Oil North Sea UK to supply a Floating Storage and Offloading (FSO) vessel for the Culzean development project in the North Sea. More »

ABB bags power cables contract for Johan Sverdrup

Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB AB in Sweden for fabrication and installation of two high-voltage cables supplying power from shore to the Johan Sverdrup field. More »

Tower Resources inks Thali PSC offshore Cameroon

Tower Resources, the Africa-focused oil and gas exploration company, has signed the shallow water Thali (formerly known as “Dissoni”) Production Sharing Contract (PSC), offshore Cameroon. More »

Obama opposes bill to lift oil export ban set for vote in House

President Barack Obama opposes a measure poised to advance in the House of Representatives this week that would end the four-decade U.S. ban on oil exports. More »

SAS scraps Norway-Texas 'oil route' flights

Scandinavian Airlines says it will stop flying between the Norwegian city of Stavanger and Houston, Texas, because of "a severe decrease" in demand following a downturn in the oil industry. More »

America's shale gas supply caught in its longest-ever decline

Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October. More »

Penn West to sell Mitsue properties for C$192.5 million

Penn West Petroleum has entered into a definitive agreement for the sale of its properties in the Greater Mitsue area of Central Alberta for a cash consideration of C$192.5 million. More »

Harkand wins Technip contract for Tullow’s TEN project

A new joint venture between Harkand and Consolidated Shipping Agencies has resulted in its first contract win in Ghana, West Africa. More »

Global Geophysical names interim CEO as chief retires

Global Geophysical Services has announced that Richard White has retired as president and CEO and as a member of the board of directors after nearly three years of service to the company. More »

America's shale supply caught in its longest-ever decline

Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October. More »

PetroChina's slump seen ignoring value of pipeline spinoff

PetroChina Co.’s slump to the lowest in six years may be ignoring the potential value from spinning off its huge pipeline network as part of the country’s energy industry reforms. More »

KFG Resources logs new field discovery well in Mississippi

KFG Resources Ltd. has discovered a new oil well in Franklin County, Mississippi. More »

JBT develops high-temperature solid-state battery technology

Johnson Battery Technologies (JBT), in partnership with BP, has developed a Solid-State battery technology, which will enable wireless and remote applications not previously possible due to the volatility of current batteries at high temperatures. More »

Award-winning Scottish company is leading light for offshore safety

PhotoSynergy Limited (PSL), a spin out company of the University of St Andrews, has further developed its award-winning unique fibre lighting system LIGHTPATH, which offers an innovative technical solution to many sectors where safety of life is paramount. More »

Global Geophysical names interim CEO as chief resigns

Global Geophysical Services has announced that Richard White has retired as president and CEO and as a member of the board of directors after nearly three years of service to the company. More »

Sparrows Group secures five-year deal with ADMA-OPCO

Sparrows Group has won a five-year deal with Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Middle East. More »

Emerson, Stork collaborate to install sand monitoring technology in first UKCS deployment

Stork, a provider of knowledge-based asset integrity services, has installed Emerson Process Management’s Roxar SandLog wireless sand erosion monitoring solutions on a major North Sea operator’s installation. More »

Seadrill cancels construction contract for ultra-deepwater semisubmersible

Seadrill Limited has notified Hyundai Heavy Industries that it has exercised its right to cancel the contract for the construction of the West Mira, a sixth generation ultra-deepwater harsh environment semisubmersible drilling unit. More »

Genel Energy buys OMV's stake in Kurdistan’s Bina Bawi field

Genel Energy has signed a definitive sale and purchase agreement with OMV to acquire its 36% operated stake in Bina Bawi field, in the Kurdistan region of Iraq. More »

Shale drillers pump more oil from each well as rigs mean less

Shale producers have learned to do more with less. More »

Iraq asks oil companies to cut spending after drop in prices

More »

BP asks U.S. regulator to reverse gas market manipulation ruling

BP asked federal regulators on Monday to reverse an administrative judge’s ruling that it had manipulated natural gas markets in Texas in 2008. More »

Richard White retires as CEO of Global Geophysical Services

Global Geophysical Services has announced that Richard White has retired as president and CEO and as a member of the board of directors after nearly three years of service to the company. More »

PhotoSynergy leads light for offshore safety with LIGHTPATH development

PhotoSynergy Limited (PSL), a spin out company of the University of St Andrews, has further developed its award-winning unique fibre lighting system LIGHTPATH, which offers an innovative technical solution to many sectors where safety of life is paramount. More »

KFG logs new field discovery well in Mississippi

KFG Resources Ltd. has discovered a new oil well in Franklin County, Mississippi. More »

Johnson Battery Technologies develops Solid-State battery technology with BP

Johnson Battery Technologies (JBT), in partnership with BP, has developed a Solid-State battery technology, which will enable wireless and remote applications not previously possible due to the volatility of current batteries at high temperatures. More »

Oildex promotes Michael Weiss to CTO

Oildex, a service of Transzap, Inc., has announced the promotion of Michael Weiss to the newly created position of CTO. More »

Mexico sets minimum payments for next offshore oil field auction

Mexico will require royalty payments of 30% to 36% for companies that win rights to produce oil in the nine shallow-water fields up for auction this month, the country’s finance ministry said. More »

Oil producers pumping more from each well prolong crude glut

Shale producers have learned to do more with less. More »

Sproule, GPMi to offer end-to-end planning, advisory services

Sproule Associates and Gas Processing Management Inc. (GPMi) have formed a strategic alliance, offering planning and advisory services across the complete oil and gas value chain, from the reservoir to end use markets. More »

Sproule, GPMI to offer joint planning, advisory services

Sproule Associates and Gas Processing Management Inc. (GPMi) have formed a strategic alliance, offering planning and advisory services across the complete oil and gas value chain, from the reservoir to end use markets. More »

Silixa, WellDog enter strategic partnership covering fiber optic work in North America, Australia

Silixa has entered into a strategic partnership with WellDog covering fiber optic installation work in North America and Australia. More »

Oil trades near $45 as surplus seen lasting into 2016

Oil traded near $45/bbl in New York as a further pullback in U.S. drilling failed to temper expectations that the global oversupply will persist for most of next year. More »

ClearSign announces initial commercial order with Aera Energy

ClearSign Combustion Corporation has been awarded a commercial order for its Duplex Technology by Aera Energy LLC. More »

Tendeka announces major contract wins in the Middle East

Tendeka has announced two significant contracts for its zonal isolation and inflow control technology in the Middle East. More »

Cubility appoints new head of international sales

Cubility AS, a provider of solids control solutions, has appointed Brandon Buzarde as V.P. of international sales. Buzarde, who will be based in Houston, will be tasked with increasing sales growth for Cubility’s MudCube technology and will lead a worldwide sales team. More »

OPEC trims 2016 estimates for rival supplies as U.S. oil suffers

OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry. More »

Amec Foster Wheeler wins contract for Zeebrugge LNG terminal expansion

Amec Foster Wheeler has been awarded a detailed engineering contract by Felguera IHI (a company owned by Duro Felguera Group) for the expansion of the Zeebrugge LNG Terminal in Belgium. More »

Oil prices—Hope lies in the projections: DW Monday

As the year approaches the fourth quarter, many industry observers are dusting off their forecasts for 2016 and re-thinking. More »

Shell drills dry hole southwest of Draugen field

Norske Shell, operator of production license 793, is in the process of completing the drilling of wildcat well 6407/10-5. The well is dry. More »

WTI swings near $45 as investors weigh glut against rig decline

Oil swung between gains and losses near $45/bbl as investors weighed the outlook for a persistent global glut against signs U.S. drillers are continuing to reduce active rigs. More »

Peak Well Systems extends SIMPLUS Retrievable Bridge Plug range

Peak Well Systems has extended its range of V3 validation grade SIMPLUS plugs with the addition of a new 7” Retrievable Bridge Plug to cover 23# - 26# tube casing. More »

Amec Foster Wheeler wins engineering contract for Zeebrugge LNG terminal expansion

Amec Foster Wheeler has been awarded a detailed engineering contract by Felguera IHI (a company owned by Duro Felguera Group) for the expansion of the Zeebrugge LNG Terminal in Belgium. More »

IKM Ocean Design inks Johan Sverdrup hot-tap contract

An engineering, procurement and construction contract for the Johan Sverdrup gooseneck spool and retrofit hot-tap tee has been awarded to IKM Ocean Design by Statoil on behalf of operator Gassco. More »

Oil prices – hope lies in the projections: Douglas-Westwood

As the year approaches the fourth quarter, many industry observers are dusting off their forecasts for 2016 and re-thinking, noted Douglas-Westwood’s DW Monday. More »

Shell drills duster southwest of Draugen field

Norske Shell, operator of prod​uction license 793, is in the process of completing the drilling of wildcat well 6407/10-5. More »

Oil search rejects Woodside’s $8 billion offer as too low

Oil Search Ltd. rejected Woodside Petroleum Ltd.’s $8 billion takeover bid, saying the proposal undervalues the company’s liquefied natural gas expansion plans in Papua New Guinea. More »

Oil swings near $45 as investors weigh glut against rig decline

Oil swung between gains and losses near $45/bbl as investors weighed the outlook for a persistent global glut against signs U.S. drillers are continuing to reduce active rigs. More »

Oil Search cancels meeting with Woodside to discuss takeover bid

A meeting to discuss Woodside Petroleum’s $8 billion takeover bid for Oil Search Ltd. was called off amid speculation that the offer for the Papua New Guinea- focused explorer is too low to succeed. More »