Gazprom and NIGC hold first meeting of JCC

Tehran hosted today the first meeting of the Joint Coordinating Committee (JCC) of Gazprom and National Iranian Gas Company (NIGC). More »

OMV recieves consent for exploration drilling in the Barents Sea

STAVANGER, Norway -- The Petroleum Safety Authority (PSA) has now granted OMV consent for exploration drilling. More »

Black Ridge Oil and Gas updates outlook based on current oil prices

Black Ridge Oil and Gas, Inc. today provided an update on the Company to address the recent deterioration in oil prices. More »

Total begins the drilling of Antelope-6 in Papua New Guinea

Total EandP PNG Limited has begun drilling the Antelope-6 appraisal well in the Gulf Province of Papua New Guinea. More »

Oil set for biggest weekly gain in two months as U.S. supply drops

Oil in New York headed for the largest weekly gain in more than two months as U.S. inventories declined, and the number of drilling rigs fell. More »

Offshore safety maximized with first independent bolted joint integrity calculator

The world's first independent bolted joint integrity calculation engine has been developed in North East England. More »

Crowley takes delivery of second of four new LNG-ready Jones Act product tankers from Philly Shipyard

Crowley Maritime Corp. took delivery of Texas, the second of four new, Jones Act, product tankers, from Philly Shipyard, Inc. (PSINC), the sole operating subsidiary of Philly Shipyard ASA. More »

GLNG signs gas purchase agreement with AGL

Santos has announced that the GLNG project participants have executed an agreement with AGL Energy Limited (AGL) for the purchase of 254 petajoules of gas for supply to the GLNG project. More »

Drydocks World completes first RIAP on the National Drilling Company’s rig Diyina

Drydocks World has successfully completed the yard’s first Rig Integrity Assurance Program (RIAP) on rig Diyina for the National Drilling Company (NDC), and the first EPCC concept rig project the yard has undertaken. More »

Export change means more tankers may leave U.S. carrying crude

The days of empty oil tankers leaving the Houston Ship Channel are over. More »

Mexico oil giant to announce job cuts as it tries to slim down

Petroleos Mexicanos hopes to start 2016 with a plan to become leaner and more efficient. More »

First U.S. crude oil set to be exported in January after law change

Enterprise Products Partners has agreed to provide pipeline and marine terminal services to load its first export of crude oil produced in the U.S. under the law enacted earlier this month. More »

Petrobras’ troubles highlight bleak prospects for Brazilian oil production to 2020

Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term, according to GlobalData. More »

Petrobras’ troubles highlight bleak prospects for oil production in Brazil to 2020: GlobalData

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Scientific Drilling appoints Abrant to lead operations, sales

Scientific Drilling International (SDI), a privately held directional drilling service company, has announced the promotion of Chip Abrant to the position of senior V.P., Global Operations and Sales. More »

Det norske completes Premier Oil Norge acquisition

Det norske oljeselskap has completed the acquisition of Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets, for a net consideration of $120 million on a cash free, debt basis. More »

Petrobras confirms productivity of Santos basin’s Carcará area

Petrobras has concluded two formation tests in the 3-SPS-105 well, confirming the high productivity of the pre-salt carbonate reservoirs. More »

Tellus calls off $602-million asset deal with Wintershall

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Wintershall eyes Argentina’s Vaca Muerta shale with new investment

Wintershall and the local state-owned energy company Gas y Petróleo del Neuquén have signed an agreement under which Wintershall will increase its interest in Argentina's Aguada Federal Block from 50% to 90%. More »

Calgary woes spread as oil patch spending cuts deepen in 2016

Crime is rising, home prices are falling and food banks are overwhelmed in Calgary as job losses spread. And the worst isn’t yet over in the heart of Canada’s oil patch. More »

OPEC sees demand for its crude falling for rest of decade

OPEC said demand for its crude will slide to 2020, though less steeply than previously expected, as rival supplies continue to grow. More »

Det norske acquires Premier Oil Norge

Det norske oljeselskap ASA has completed the acquisition of Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets for a net consideration of $120 million on a cash free, debt basis. More »

Oil slump to 11-year low just a taste of pain felt by producers

If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. More »

Cheap oil's great, except when it's a nightmare: Marc Champion

Brent crude hit an 11-year low of $36.20 on Tuesday, in part because OPEC has ceased to function. So, ding dong, the cartel is dead. By all means sing and ring the bells out. Just not too loudly. More »

Pemex extends Fugro offshore geophysical and geotechnical campaign

Mexican national oil company, Pemex, has awarded a further extension to Fugro’s contract to support its exploration drilling activities in the Bay of Campeche. More »

Shell cuts 2016 spending by $2 billion as it prepares for BG

Royal Dutch Shell Plc, Europe’s largest oil company, further reduced spending plans for this year and 2016 as it prepares to take over BG Group Plc amid slumping prices for crude. More »

Fugro wins contract for Exxon’s deepwater Guyana oil development

Fugro has been awarded a contract by Esso Exploration and Production Guyana Ltd., an Exxon Mobil affiliate, for survey services at a deepwater field development offshore Guyana. More »

Suncor bid for Canadian Oil Sands pits promise against results

As Canadian Oil Sands Ltd. tries to fend off Suncor Energy Inc.’s C$4.5-billion ($3.2-billion) bid, the latest upset at its only business couldn’t have come at a worse time. More »

Subsea UK’s board strengthened by new board appointments

Subsea UK has unveiled its new board, following a members’ ballot at the industry body’s Annual General Meeting. Following an unprecedented number of member nominations, two new board members were appointed and seven members re-elected. More »

Encana’s DJ basin sale to close in second quarter

Encana Corp.’s wholly owned subsidiary, Encana Oil and Gas (USA) Inc., expects the sale of its DJ basin assets to Crestone Peak Resources—95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group—to close in the second quarter of 2016. More »

Chevron signs long-term LNG supply agreement with China Huadian

Chevron Corp.’s wholly owned subsidiary Chevron U.S.A. Inc., has signed a non-binding LNG supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. More »

Sparrows Group awarded contract for two 500-tonne under-rollers

Sparrows Group, and its cable and pipe-lay solutions (CPLS) division, reinforced its footprint in the U.S. after being awarded a contract by Oceaneering to design and manufacture two 500-tonne powered and jack-able under-rollers. More »

Forum AMC awarded series of contracts for bucking unit

Forum Energy Technologies' AMC Engineering product line has been awarded new orders worth millions of dollars within just one month, the company said Tuesday. More »

Schlumberger inks seismic survey contract with Statoil for Campeche basin

Schlumberger announced today that Statoil Gulf of Mexico LLC has signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. More »

American LNG exporters turn to Europe as Asian demand sputters

For years, U.S. gas companies looking to export LNG dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged as the unlikely savior of American LNG. More »

Lundin discovers oil in Rolvsnes prospect, offshore Norway

Lundin Norway has completed the Rolvsnes exploration well 16/1-25 S as an oil discovery. More »

Shell-BG deal not yet in bag amid fears of further oil slump

Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal in doubt. More »

Texas Alliance joins forces with NESA

The governing bodies of the National Energy Services Association and the Texas Alliance of Energy Producers have approved the unification of the membership of both organizations to better serve the needs of their members. More »

Schlumberger, Statoil execute contract for deepwater survey in Mexico's Campeche basin

Schlumberger said Monday that Statoil Gulf of Mexico LLC has signed an agreement to license a large part of the WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico. More »

McDermott, LTHE consortium awarded contract for deepwater development offshore India

McDermott International announced Monday that a consortium of McDermott and LandT Hydrocarbon Engineering has been awarded a contract covering the engineering, procurement, construction and installation of major subsea field infrastructure for the Vashishta and S1 Development project, a greenfield deepwater development off India’s East coast. More »

Maersk Supply Service acquires subsea support vessel from REM Offshore

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KCA Deutag sells Ben Loyal jackup to Egyptian driller

KCA Deutag has sold its Ben Loyal jackup rig to Egyptian-headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. More »

KCA Deutag sells Ben Loyal jackup

KCA Deutag has sold its Ben Loyal jackup rig to Egyptian-headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. More »

EMAS wins contracts worth $70 million in Middle East, Asia

Ezra Holdings’ Subsea Services division, EMAS AMC, has won subsea contracts worth nearly $70 million, including work with a new client in the Middle East. More »

Noreco sells Norwegian petroleum activities

Norwegian Energy Company has announced that its fully owned subsidiary Noreco Norway has entered into a Sale and Purchase Agreement (SPA) with Djerv Energi for the sale of its exploration license interests, organisation and management systems. More »

Shell, BG shareholders to vote on takeover at the end of January

Shareholders of Royal Dutch Shell and BG Group are expected to vote on Jan. 27 and Jan. 28 on the companies’ planned combination announced eight months ago. More »

DNV GL launches JIP to improve risk assessment of offshore helideck turbulence through the use of CFD

Computational fluid dynamics (CFD) is widely used in high-level analyses of offshore helideck turbulence levels to assess possible flight restrictions. More »

Atwood Oceanics delays delivery of ultra-deepwater drillships

Atwood Oceanics announced Friday that subsidiaries of the company have agreed with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to delay the company's requirement to take delivery of two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, to Sept. 30, 2017, and June 30, 2018, respectively. More »

Wood Group acquisition strengthens company’s onshore US construction capabilities

Wood Group has acquired Kelchner Inc., a privately owned U.S.-based provider of construction and energy field services. Kelchner will operate within the onshore business of Wood Group PSN Americas, providing construction capabilities primarily to the midstream and upstream oil and gas sector in the Marcellus and Utica shale basins, and broader industrial sectors. More »

Wintershall to drill wildcat well in Barents Sea

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norway a drilling permit for wildcat well in PL 611 located in the Barents Sea. More »

EMAS wins $70 million worth contracts in the Middle East and Asia

Ezra Holdings’ Subsea Services division, EMAS AMC, has won subsea contracts worth nearly $70 million, including work with a new client in the Middle East. More »

Noreco sells its Norwegian petroleum activities

Norwegian Energy Company has announced that its fully owned subsidiary Noreco Norway has entered into a Sale and Purchase Agreement (SPA) with Djerv Energi for the sale of its exploration license interests, organisation and management systems. More »

Siberian surprise: Russian oil patch just keeps pumping

In the fight for market share among the world’s oil producers this year, Russia wasn’t supposed to be a contender. More »

Iraq sees crude oil prices rising on strong fundamentals

Crude prices are set to rise from current “very low” levels that are hurting producers, Iraq’s Oil Minister Adel Abdul Mahdi said after a meeting of Arab petroleum-exporting nations. More »

Brent oil slides to 11-year low as producers seen worsening glut

Brent crude slumped to the lowest level since 2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a record glut as they continue fighting for market share. More »

WellDog announces expanded coal gas pre-drainage service capability

WellDog has released the third generation of its GasMapper coal gas assessment service, extending the successful service to use in the slim boreholes used widely by the coal mining industry. More »

Oceaneering appoints Martin J. McDonald as senior V.P., Remotely Operated Vehicles

Oceaneering International, Inc. has appointed Martin J. McDonald as senior V.P., Remotely Operated Vehicles, with global responsibility for Oceaneering's Remotely Operated Vehicle (ROV) business, effective Jan. 1, 2016. More »