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Friday, 4 December 2015

U.S. drillers idle 10 oil-directed rigs: Baker Hughes

Drillers in the U.S. idled ten oil-directed rigs this week, according to the latest data from Baker Hughes. More »

OPEC maintains crude production as group defers output target

OPEC will maintain production at current levels and refrained from setting an official output target, a continuation of the Saudi Arabian-led policy that’s driven prices to a six-year low. More »

OPEC sets new output ceiling at 31.5 MMbopd, delegate says

OPEC agreed to set a new oil-output ceiling of 31.5 MMbpd, according to a delegate with knowledge of the decision. Crude fell as much as 2.3% in New York. More »

CEO of U.S. oilfield services company predicts rumbling in OPEC ranks

Dan K. Eberhart, the CEO of Canary, LLC, one of the largest private oilfield service companies in America, doesn't expect OPEC leaders to reduce oil production as a result of their meeting in Vienna. However, Eberhart does expect that decision could mean a "family feud" between Saudi Arabia and fellow OPEC nation members. More »

Texas LNG selects Honeywell technology for facility in South Texas

Honeywell has announced that its natural gas technology and process automation have been selected by Texas LNG, a Houston-based energy company, to remove contaminants from natural gas in preparation for liquefaction and export to customers around the globe. More »

Suncor Energy extends Canadian Oil Sands offer

Suncor Energy has extended its offer to Canadian Oil Sands Limited shareholders. More »

IPAA cheers House passage of legislation to lift oil export ban

The U.S. House of Representatives passed a bipartisan energy package Thursday, which included an amendment offered by Rep. Joe Barton (R-TX) to lift the ban on U.S. crude oil exports. More »

Twenty six companies apply for acreage in Norway’s latest licensing round

The application deadline for production licenses in Norway’s 23rd licensing round expired on Wednesday, with 26 companies applying for exploration acreage. More »

U.S. Water launches new inhibitors for hydraulic fracturing and production well applications

U.S. Water has introduced new ScaleGone and ScaleGone CI, an innovative, long-lasting, slow release, solid scale inhibitor (SI) and combined SI/corrosion inhibitor (CI) for hydraulic fracturing fluids as well as use in producing wells. More »

CEO of U.S. oil field services company predicts rumbling in OPEC ranks

Dan K. Eberhart, the CEO of Canary, LLC, one of the largest private oil field service companies in America, doesn't expect OPEC leaders to reduce oil production as a result of their meeting Friday in Vienna, Austria. More »

Texas LNG selects Honeywell Technology for new LNG production facility in South Texas

Honeywell has announced that its natural gas technology and process automation have been selected by Texas LNG, a Houston-based energy company, to remove contaminants from natural gas in preparation for liquefaction and export to customers around the globe. More »

Suncor Energy extends Canadian Oil Sands Offer to Jan. 8, 2016

Suncor Energy has extended its offer to Canadian Oil Sands Limited shareholders. More »

Billionaires must face suit over sale of BP Russian venture

Billionaires Leonard Blavatnik and Viktor Vekselberg must face a lawsuit by a Russian businessman who says they owe him more than $2 billion from the sale of an oil and gas producer, a New York state judge ruled. More »

LNG builders plan life after $170 billion boom in Australia

Australia’s $170 billion liquefied natural gas construction boom is winding down, and the hunt for new work is picking up. More »

Thursday, 3 December 2015

New thermal insulative coating enhances personnel protection, minimizes corrosion

Oil and gas operators looking to enhance worker safety and minimize corrosion under insulation (CUI) risks can now turn to a new insulative acrylic coating More »

OTC and Hecate introduce new digital pressure testing software

Offshore Technical Compliance (OTC) in partnership with Hecate Software announces the introduction of GREENLIGHT, a new digital pressure testing software suite which provides reliable pressure analysis and compliance oversight. More »

U.S. demand for oilfield chemicals to exceed $10 billion in 2019

U.S. demand for oilfield chemicals is forecast to increase to $10.3 billion in 2019, with healthy growth overcoming declines expected in 2015 and 2016. More »

CGG Geoconsulting introduces Seep Explorer and GLOGOS

CGG GeoConsulting is pleased to announce that it has acquired GLOGOS, the Global Onshore Gas-Oil Seeps data set, from Gas Consult. More »

Seatronics delivers cost savings with Meridian Ocean Services in Mexico

Seatronics, an Acteon company, has successfully completed a project with marine services organization Meridian Ocean Services in Mexico. More »

Brent rebounds from six-year low as OPEC meeting looms

Oil rebounded from the lowest price in more than six years in London as the Organization of Petroleum Exporting Countries prepares to meet on Friday. More »

Anadarko achieves new Mozambique LNG milestones

Anadarko Petroleum Corporation has announced that it has signed a Unitization and Unit Operating Agreement (UUOA) for the development of the massive natural gas resources that straddle two blocks. More »

Westcon delivers battery system to Viking Energy

Eidesvik Offshore announced a few weeks ago that an Energy Storage System will be installed onboard the LNG fueled vessel Viking Energy. More »

Xodus delivers AUS $1.5 million-contract for INPEX LNG project

Xodus Group has landed a project to a deliver a suite of more than 40 offshore operating manuals for the Ichthys LNG project operated by INPEX and located off the coast of Western Australia. More »

CNOOC signs PSC with Husky

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Block 15/33 in the South China Sea. More »

Oil rig count soars in unlikely OPEC nation before Vienna talks

All across the Americas, drilling rigs are being idled as oil prices hover near six-year lows. More »

Statoil seeks new acreage on Norwegian continental shelf

Statoil has delivered its application for the 23rd licensing round on the Norwegian continental shelf to the Norwegian authorities. More »

Shell-BG merger receives final Australian regulatory clearance

Royal Dutch Shell has announced that its recommended combination with BG Group has received approval from the Australian Foreign Investment Review Board (FIRB). More »

North Atlantic Drilling, Jurong Shipyard reach agreement on new semisubmersible

North Atlantic Drilling Ltd. has reached a standstill agreement, effective until June 2016, with Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel. More »

CNOOC signs PSC with Husky Oil for South China Sea

CNOOC has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited for Block 15/33 in the South China Sea. More »

Saudis to propose conditional OPEC cuts in 2016, EI reports

Saudi Arabia, the world’s largest crude exporter, may propose an eventual OPEC production cut of 1 MMbopd that may take effect in 2016, Energy Intelligence reported Thursday, citing a group delegate it didn’t identify. More »

European Union’s largest gas producer is now its latest importer

The European Union’s biggest natural gas producer has joined most of the rest of the 28-nation bloc and become reliant on others as it posted its first quarter of imports. More »

OPEC states push for oil curbs as Saudis insist on global effort

Cash-strapped OPEC nations from Venezuela to Iran are piling pressure on Saudi Arabia to reduce oil output, yet the group’s biggest producer insists it will only do so if countries outside the organization join the effort. More »

Wednesday, 2 December 2015

Bosque Systems releases OptiFluids, saving producers up to 30% on chemicals costs

Bosque Systems LLC, has announced the release of a new system, called OptiFluids, which saves producers up to 30% on the cost of chemicals used in hydraulic fracturing. More »

SignalFire adds new productivity tools for wireless remote sensing systems

SignalFire Wireless Telemetery has added new tools and capabilities to its Field Setup and Diagnostic ToolKit that optimize the user-friendliness and customer productivity of its range of Wireless Remote Sensing Systems. More »

CBandI wins maintenance contract for Cheniere's Sabine Pass LNG facilities

CBandI has been awarded a contract by Cheniere Energy for general maintenance services including preventive maintenance, repair and testing services for the regas and liquefaction facilities at its Sabine Pass LNG terminal in Cameron Parish, La. More »

Weatherford recognized for environmental stewardship in South Texas

On Tuesday, November 17, Weatherford accepted the 2015 Eagle Ford Excellence Award for Environmental Stewardship from the South Texas Energy and Economic Roundtable (STEER). More »

Schlumberger warns of more job cuts on dim outlook

Schlumberger has warned of another round of layoffs as the upstream industry continues to grapple with depressed oil prices. More »

Schlumberger warns of more job cuts ahead on dim outlook

Schlumberger has warned of another round of layoffs as the upstream industry continues to grapple with depressed oil prices. More »

Iraqi Kurdistan delays oil output target on cost of IS fight

Iraq’s Kurdish region, where Genel Energy Plc and DNO ASA pump oil, delayed a target to produce 1 MMbpd as the cost of fighting Islamic State militants saps resources. More »

Polarcus utilizes XArray to complete first commercial project offshore Australia

Polarcus recently completed its first commercial project offshore Australia utilizing the XArray in a five source configuration known as Penta source. More »

GDS International implements GE's Equipment Insight solution to optimize performance

GE has announced that GDS International LLC, otherwise known as Global Drilling Support (GDS), has implemented its Equipment Insight solution at drilling rigs located in the Marcellus region of Pennsylvania to improve data collection, analytics and management capabilities. More »

Texas EOR Associates licenses new EOR technologies

Texas EOR Associates, a developer of enhanced oil recovery (EOR) technologies and opportunities, has licensed exclusive U.S. waterflood, fracing and gas injection-EOR rights to patented oil flow optimization technologies based on reservoir pore-clearing EOR surfactant solvents, micro-clustered injection water and rig-less solvent-application tools developed by SCT LLC of Bakersfield, California. More »

Hydratight seals deal with Subsea 7

Hydratight has won one of the largest pipeline connector orders in the industry from Subsea 7 to support their Emergency Pipeline Repair System (EPRS) project in Australia. More »

East Africa a hotbed for energy investments

East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world. More »

Wood Group opens new automation facility in Slovakia

Wood Group has expanded into Slovakia, opening an office in Bratislava that The Automated Technology Group, a Wood Group Mustang company, will use to support automation projects in Slovakia and the surrounding region. More »

ABB commissions cable to deliver power to Goliat FPSO

ABB has successfully commissioned a subsea power link for oil and gas company Eni Norge. The link will supply power from the Norwegian grid to the new Goliat Floating, Production, Storage and Offloading unit. More »

Eni signs PSC for three shallow-water fields offshore Mexico

Eni and the Comisión Nacional de Hidrocarburos of Mexico (CNH) have signed a production sharing contract (PSC) for the development and exploitation of Amoca, Miztón and Tecoalli oil fields, in the Bay of Campeche, offshore Mexico. More »

LNG falls faster than oil as U.S. fracing spurs glut growth

Spare a thought for anyone who bet on a recovery in liquefied natural gas prices after last year’s 45% plunge. More »

McFarland named IADC interim president as Colville resigns

The International Association of Drilling Contractors (IADC) has announced the resignation of Stephen A. Colville as president and CEO and the appointment of Jason E. McFarland as interim president, effective immediately. More »

Bill Barrett Corp. closes sale of assets in Uinta and DJ basins

Bill Barrett Corp. has closed the sale of non-core properties in the Uinta basin and DJ basin for net cash proceeds of approximately $56 million, the company said Tuesday. More »

Impact of selling off Strategic Petroleum Reserve detailed in new report

U.S. Sen. Lisa Murkowski (R – Alaska) has released a new report on the importance of the Strategic Petroleum Reserve (SPR) detailing the potential impacts of selling oil from the reserve to pay for unrelated legislative initiatives. More »

As OPEC meets, oil traders see prices stagnating into 2017

The world’s largest independent oil traders said supplies will overwhelm demand into next year and prices may not rally until 2017, painting a gloomy outlook for energy-rich nations as OPEC gathers to discuss output policy. More »

Russian oil output stays near record level as OPEC set to meet

Russian oil output in November hovered near a post-Soviet record set the previous month, shrugging off a crude-price slump before OPEC gathers for its annual meeting in Vienna. More »

LNG falls faster than oil as U.S. fracking spurs glut growth

Spare a thought for anyone who bet on a recovery in liquefied natural gas prices after last year’s 45% plunge. More »

Sembcorp Marine falls to lowest in six years on loss warning

Sembcorp Marine Ltd., the world’s second- largest rig builder, slumped to the lowest price in more than six years in Singapore trading after the company said it expects to post its first quarterly loss since 2003. More »

European Hydrocarbons enters into First Extension Period of Sierra Leone license

African Petroleum’s wholly owned subsidiary European Hydrocarbons Limited (EHL) has entered into the First Extension Period on the SL-03 license, offshore Sierra Leone. More »

Tuesday, 1 December 2015

Texas land commissioner Bush intervenes in lawsuit against BLM

Commissioner George P. Bush has announced the General Land Office (GLO) will intervene in the lawsuit challenging the federal government’s unconstitutional seizure and arbitrary taking of Texas Permanent School Fund (PSF) land along the Red River. More »

Murkowski calls for adaptable Arctic leasing structure after Shell, Statoil exit Alaska offshore

Proposed changes to federal rules regulating oil and natural gas activity on the Outer Continental Shelf and in the Arctic are necessary to create a predictable regulatory framework that supports safe exploration and American leadership in the Arctic, U.S. Sen. Lisa Murkowski (R – Alaska) said Tuesday. More »

Oil steadies after worst month since July, as OPEC members gather

Oil was little changed after its biggest monthly decline since July as OPEC ministers arrive in Vienna ahead of this week’s policy meeting. More »

Land commissioner Bush intervenes in lawsuit against BLM

Commissioner George P. Bush has announced the General Land Office (GLO) will intervene in the lawsuit challenging the federal government’s unconstitutional seizure and arbitrary taking of Texas Permanent School Fund (PSF) land along the Red River. More »

Saudi oil minister pledges to listen to other OPEC members

Saudi Arabia will discuss all issues at the OPEC meeting on Friday and listen to concerns of other members, said the nation’s Oil Minister Ali al-Naimi. More »

Maersk Drilling secures contract for Maersk Venturer with Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. More »

Millionth tonne of oil produced at Prirazlomnoye field: Gazprom Neft

The millionth tonne of oil has been produced at Prirazlomnoye field, Gazprom Neft, the field’s operator, said. Part of a consignment dispatched on the Mikhail Ulyanov tanker, it will be delivered to customers in North West Europe in early December. More »

NOVATEK starts production at Yarudeyskoye oil field

OAO NOVATEK has started commercial production at Yarudeyskoye oil field, which is expected to rapidly reach its planned daily production level equivalent to approximately 3.5 million tons of crude oil on an annualized basis. More »

Wood Group strengthens specialist vibration service with key appointments

Wood Group has appointed three senior engineering specialists who will lead a new team of up to 20 people in the UK to further build Wood Group’s capability in vibration, dynamics and noise. More »

INEOS completes deal to acquire DEA UK North Sea gas fields

INEOS has completed the purchase of the North Sea natural gas assets of DEA Deutsche Erdoel AG, which is owned by L1 Energy. More »

Statoil to divest interest in Trans Adriatic Pipeline

Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of $220.4 million (EUR 208 million). More »

DNV GL presents DSIC with world’s first AiP for LNG-fuelled VLCC design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude carrier (VLCC) design at the first day of the Marintec China trade fair. More »

Canadian oil sands wins more time for bids as Suncor mulls steps

Canadian Oil Sands Ltd.’s shareholders won another month to find suitors willing to counter Suncor Energy Inc.’s C$4.5 billion ($3.37 billion) hostile takeover offer. They may lose Suncor’s bid in the process. More »

Transocean’s Norway deal marks new rig-rate low in oil slump

Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA at a day rate of about $180,000, the lowest recorded tariff in the Nordic country since oil began to tumble last year. More »

Kurds pay oil companies for third month to maintain output

The Kurdistan Regional Government paid international oil companies operating in the Iraqi autonomous region for a third consecutive month, disbursing funds that it says will allow production to be maintained. More »

Oil bulls brace for repeat of OPEC’s bearish blow at meeting

Hedge funds are betting this week’s OPEC meeting will deliver another bearish blow to crude. More »

Monday, 30 November 2015

Weatherford and Chevron push temperature barriers in the Gulf of Thailand

Weatherford International plc announced the development of the HeatWave Extreme service for commercial use by Chevron Thailand. More »

Quiet Gulf hurricane season end leaves oil drowned in oversupply

Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends Monday without a storm-induced price rise to lift crude from its once-in-a-generation slump. More »

Iran gives investors glimpse of $30 billion in oil deals

Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions. More »

The $30 oil cliff that economists see threatening Russia

For Russia, $30 is the number to watch. More »

Fugro performs offshore survey program in Equatorial Guinea

Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Ltd. for the provision of survey services for the development of large scale assets and infrastructure offshore Equatorial Guinea. More »

Expro enters Qatar with five-year contract win

Expro has achieved a significant milestone as it enters Qatar for the first time and expands its Middle Eastern presence with a five-year contract win. More »

Tendeka enhances RandD and training facilities

Tendeka, the provider of completions systems and services to the upstream oil and gas industry, has invested in a new facility at Minto Drive, Aberdeen, UK. More »

OPEC rivals become unwitting allies in push for oil-market share

Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team. More »

Wintershall joins World Bank‘s flaring initiative

Wintershall has joined the international initiative against the flaring of associated gas during oil production, the German producer announced Friday. More »

Rosneft sells 20% share of Siberian producer to BP

Rosneft has sold a 20% share of Taas-Yuryakh Neftegazodobycha LLC to BP. More »

DOF Subsea sells Skandi Protector to Australian government

DOF Subsea has entered into agreement for the sale of Skandi Protector to the Commonwealth of Australia. More »

Rosneft sells 20% share of Taas-Yuryakh Neftegazodobycha to BP

Rosneft has sold a 20% share of Taas-Yuryakh Neftegazodobycha LLC to BP. More »

DOF Subsea sells Skandi Protector

DOF Subsea has entered into agreement for the sale of Skandi Protector to the Commonwealth of Australia. More »

Lundin brings Norway’s Edvard Grieg field online

Lundin Petroleum has announced that first oil from the Edvard Grieg field in the Norwegian North Sea was achieved on Nov. 28, 2015. More »

Sterling Energy acquires interest in Tullow’s Block C-10 offshore Mauritania

Sterling Energy has completed the sale and purchase agreement between its wholly owned subsidiary, Sterling Energy Mauritania Limited (SEML) and Tullow Mauritania to acquire a 13.5% working interest in the production sharing contract (PSC) for Block C-10, located offshore in the Islamic Republic of Mauritania. More »

Sterling Energy acquires interest in Tullow’s Block C-10 offshore Mauritania

Sterling Energy has completed the sale and purchase agreement between its wholly owned subsidiary, Sterling Energy Mauritania Limited (SEML) and Tullow Mauritania to acquire a 13.5% working interest in the production sharing contract (PSC) for Block C-10, located offshore in the Islamic Republic of Mauritania. More »

Oil set for monthly decline as OPEC seen standing firm on supply

Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week. More »

Wintershall joins World Bank‘s “Zero Routine Flaring by 2030” initiative

Wintershall has joined the international initiative against the flaring of associated gas during oil production. More »

DNV GL renews Nord Stream certification

International certification body DNV GL has commended Nord Stream for its continued commitment to safe and reliable gas transportation and confirmed the pipeline operator’s compliance with the best-in-class industry requirements for design, integrity and functional safety. More »

Sunday, 29 November 2015

Dana Gas Group awarded $1.98 billion in Iraq Kurds dispute

Dana Gas said a court has ordered the Kurdistan Regional Government to pay it and two other energy companies $1.98 billion in a dispute over development rights for two oil and natural gas fields in Iraq’s self-governing Kurdish region. More »
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