Dust control solution prevents silica dust exposure at Oklahoma wellsite

AIRIS Wellsite Services has announced the completion of another successful project. Atalaya Resources, a private EandP company, contracted with AIRIS to protect the health and safety of all personnel on-site by preventing exposure to silica dust. The Barnett 29/28-11-21 1H well was drilled and brought online near Elk City, Okla. More »

Operators bring back rigs in longest streak since 2014

U.S. oil producers added rigs for the seventh week in a row, the longest period of expansion since the final days of the drilling boom in early 2014. More »

Operators add 17 rigs with Permian basin taking the lion’s share

Operators in the U.S. added 17 rigs this week, according to the latest data from Baker Hughes. More »

Oil heads for weekly gain as Saudis reiterate wish for stability

Oil is heading for its biggest weekly advance since April as Saudi Arabia signaled it’s prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market. More »

Eni restarting Val d'Agri oil production

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Propell to start 15-well treatment program for Pemex

Propell Technologies Group, a U.S. provider of enhanced oil recovery technology, is to begin a program, through Pozotech/Grupo Industrial RJP, its partner in Mexico, to treat 15 wells for Pemex. More »

Investors have $100 billion to spend on oil assets no one else wants

The long wait may finally be over. Since the great crash of oil in mid-2014, more than $100 billion has been raised by buyout firms and distressed-debt funds eager to scoop up energy assets on the cheap. More »

Vantage Drilling names Toma as new CEO

Vantage Drilling International has named Ihab Toma as the company's next CEO. Toma, who joins the company with more than 30 years of experience in the oil industry, will take the reins on Aug. 29. More »

Midsund Bruk nets ASME certification as it looks to expand

Midsund Bruk, an oil and gas technology supplier, is targeting further growth after securing an internationally recognized quality assurance certificate. More »

GMC installs seawater caissons in North Sea

GMC Limited has announced the successful installation of a seawater caisson in the North Sea; eight days ahead of schedule. More »

Petrobras swings to profit on rising crude output, exports

A recovery in oil output and exports helped Petrobras reverse three quarters of straight losses as the Brazilian producer emerges from two years of graft investigations and falling crude prices. More »

Oil’s rally seen too low for industry growth, Canadian CEOs say

The rebound in U.S. crude prices from a low of about $26/bbl this year hasn’t been big enough for Canadian energy CEOs to start celebrating. More »

Oil rises most since May after Saudi comments on producer talks

Crude climbed the most in three months amid speculation that oil producers could agree on moves to support prices during talks in September. More »

Canada Pension pounces on drop in oil price to snatch up assets

Low oil prices have created an opportunity for long-term investors to snap up quality energy assets at a discount, according to Mark Machin, CEO of Canada Pension Plan Investment Board. More »

Chesapeake surges after abandoning birthplace of shale boom

Chesapeake Energy Corp. agreed to give away its Barnett Shale holdings to a private-equity backed operator, exiting the birthplace of the shale revolution to escape almost $2 billion in onerous pipeline contracts. More »

Oil and Gas UK targets maintenance optimization with new publication

A new publication by Oil and Gas UK—Maintenance Optimisation Reviews: Sharing Experience and Learning—will contribute to industry efforts to promote improvements in major accident hazard management and operational efficiency on offshore oil and gas installations. More »

Railroad Commissioner Craddick announces Texas Oilfield Relief Initiative

AUSTIN, Texas -- Railroad Commissioner Christi Craddick announced details of her Texas Oilfield Relief Initiative on Tuesday as the first rule amendments of the project were rolled out during the Commissioners’ open conference. More »

Statoil, IKM Subsea partner to introduce residential ROV concept

IKM Subsea has been awarded a contract for ROV and subsea services for Statoil's Visund and Snorre B assets. More »

Gazprom Neft commissions wells at Prirazlomnoye field on Russian Arctic Shelf

Gazpromneft Shelf, a subsidiary of Gazprom Neft, has brought two additional production wells (its third and fourth) into production at Prirazlomnoye field. More »

Gazprom Neft commissions new wells at Prirazlomnoye field on Russian Arctic Shelf

Gazpromneft Shelf, a subsidiary of Gazprom Neft, has brought two additional production wells (its third and fourth) into production at Prirazlomnoye field. More »

NOV options volume jumps as it considers deals

Options to acquire National Oilwell Varco shares over the next two weeks surged on Wednesday as the biggest U.S. maker of oilfield equipment hunts for deals during the worst downturn in a generation. More »

ROVOP secures contracts worth over $4 million

ROVOP, an independent operator of ROVs, has been awarded several new contracts across the oil and gas and offshore wind sectors. More »

IEA sees oil market rebalancing despite record Gulf production

PARIS (Bloomberg) -- Global oil markets will continue to re-balance this year as a pick-up in demand from refiners absorbs record output from several Persian Gulf producers, the International Energy Agency predicted. More »

U.S. operators need $60 oil to stage real comeback, IEA says

While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60/bbl for U.S. producers to have a “substantial” boost in activity, the International Energy Agency said. More »

Chesapeake Energy exits Barnett shale with latest deal

Chesapeake Energy Corp. has announced that it has entered into an agreement to convey its interests in the Barnett shale operating area in North Texas to Saddle Barnett Resources, LLC--a company backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy--and simultaneously terminate future commitments associated with this asset. More »

Chesapeake Energy to exit Barnett shale

Chesapeake Energy Corp. has announced that it has entered into an agreement to convey its interests in the Barnett shale operating area in North Texas to Saddle Barnett Resources, LLC--a company backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy--and simultaneously terminate future commitments associated with this asset. More »

Chesapeake to exit Barnett shale, accelerate gas supply contract

Chesapeake Energy Corp. has announced that it has entered into an agreement to convey its interests in the Barnett shale operating area in North Texas to Saddle Barnett Resources, LLC--a company backed by First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy--and simultaneously terminate future commitments associated with this asset. More »

Swift Energy Company's CEO and CFO set to retire

HOUSTON -- Swift Energy Company’s CEO, Terry Earl Swift, is set to retire. More »

Salvage team inspects grounded Transocean semisubmersible

A damage assessment team has boarded and inspected the semisubmersible rig that ran aground on the Isle of Lewis, offshore Scotland, earlier this week. More »

Venezuela’s president says he discussed oil prices with Saudi king

Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Qatar as his country reels under the crude crash. More »

Oil falls after U.S. crude supply gains, refinery demand slips

Oil declined after a government report showed U.S. crude inventories increased on weakening demand from refineries. More »

Taqa second-quarter loss widens on lower oil, gas prices

Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and natural gas prices crimped revenue. The shares fell for the first time this week. More »

Vaca Muerta is key energy to Argentina energy exports, IHS Markit says

Argentina’s promising Vaca Muerta unconventional energy play could deliver approximately 560,000 bpd of liquids and 6 Bcfgd by 2040, increasingly meeting the country’s growing demands for energy with domestic production and helping reduce its dependence on imports, according to recent analysis from IHS Markit. More »

Saudi-Iran oil rivalry heats up as OPEC seeks to stabilize price

Saudi Arabia and Iran are showing no letup in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. More »

Allseas’ Pioneering Spirit installs test platform in North Sea

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Subsea 7 acquires polymer lining specialist Swagelining Limited

Subsea 7 has announced the acquisition of Swagelining Limited, the subsea industry’s leading polymer lining technologist, to further expand existing polymer pipeline technology interests. More »

Suncor to acquire interest in North Sea Rosebank project from OMV

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Iran expects $25-billion oil contracts signed within two years

Iran expects foreign oil companies to sign deals valued at $25 billion over the next one to two years under the terms of a new contract model approved last week, the managing director of the National Iranian Oil Co. said. More »

Shell declares force majeure on Nigeria gas supply after leak

Royal Dutch Shell said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of a leak, potentially exacerbating a decline in exports for the OPEC member that’s suffering from militant attacks on energy infrastructure. More »

Saudi Arabia said to report record oil output on summer demand

Saudi Arabia told OPEC that it pumped a record 10.67 MMbopd in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading exporter to other members seeking output limits to shore up prices. More »

Investors are cozying up to MLPs despite oil's bearish streak

After falling from grace amid crude’s collapse, master-limited partnerships, a darling of recent commodities booms, are winning over investors again thanks to their high payouts and long-term contracts. More »

U.S. oil production proves resilient as forecast increased

Oil producers in the U.S. are proving more resistant to low prices, even as global supply is set to fall into a deficit next year. More »

Exxon’s ‘Green’ states climate fight heats up in Texas court

Exxon Mobil Corp.’s battle with New York and Massachusetts over their probes into the company’s use of climate change data is heating up, and a key element of the national dispute is now in the hands of a Texas judge. More »

WellDog launches new shale sweet spot service

WellDog announced today the launch of its Shale SweetSpotter service, the first commercial reservoir-evaluation analysis technology specific to unconventional oil and gas, following successful field trials with its industry partner in the Marcellus shale. More »

For oil companies $110 billion debt wall looms over next five years

The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity. More »

Over 600 DUCs are intentionally delayed in each of the largest shale oil plays: Rystad

By looking at the intentionally postponed (abnormal) part of the DUC inventory, Rystad Energy observed that all of the major liquid basins are exposed to completion delays. More »

ISDS first for DNV GL classed Ocean Greatwhite

DNV GL has welcomed the world’s largest semisubmersible drilling rig, the Ocean Greatwhite, into class. More »

Oil steady as OPEC discussions seen unlikely to result in action

Oil traded near the highest close in two weeks as investors weighed OPEC’s plans to hold informal talks next month. More »

Statoil starts Snøhvit drilling to bolster Hammerfest LNG

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Statoil moves ahead with Utgard development in North Sea

Statoil and its partners have submitted the Plan for Development and Operation (PDO) and the Field Development Plan (FDP) for the Utgard gas and condensate discovery in the North Sea to the authorities in Norway and the UK. More »

Putin said to ban Rosneft from Bashneft auction

President Vladimir Putin agreed to ban Rosneft PJSC, Russia’s acquisitive state oil company, from bidding for the controlling stake in smaller producer Bashneft PJSC that the government plans to auction off as early as next month, according to two people with direct knowledge of the matter. More »

Oil bear market attracts record bets on further price slide

Hedge funds have gone all-in on lower oil prices, counting on seasonal weakness to play out again this year. More »

Oil trades near two-week high as investors weigh OPEC talks

Oil traded near the highest in two-weeks as investors weighed whether OPEC members will be able to agree on any production limits when they hold informal talks in Algiers next month. More »

Chevron wins ruling blocking $8.6-billion order in Ecuador fight

Chevron Corp. won a victory in its long-running battle against Ecuadoreans and the zealous American lawyer who represented them, as an appeals court barred the attorney from enforcing in the U.S. an $8.6-billion award because he won it through deceit. More »

Sound Energy confirms gas discovery at Tendrara, onshore Morocco

Sound Energy has confirmed a significant gas discovery and a potential single gas column at the company's Tendrara license, onshore Morocco. More »

Cub Energy spuds M-23 well in eastern Ukraine

Cub Energy Inc. has announced that KUB-Gas LLC--Cub’s 35%-owned subsidiary, which owns and operates the eastern Ukraine licenses--has commenced drilling of the Makeevskoye-23 well. More »

UK considering direct compensation for Britons affected by fracing

Britons living close to fracing wells could be paid some of the proceeds under proposals being considered by the UK government. More »

China crude imports fall to 6-month low as teapot demand slows

China’s crude imports fell to the lowest level in six months as demand from independent refineries eased. Net fuel exports surged to a record. More »

Add Energy celebrates maintenance data contract with BP

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Proserv strengthens capabilities with KLAW Products partnership

Proserv has formed a strategic partnership with KLAW Products to offer an enhanced field safety service preventing offshore spills in the Middle East. More »

SM Energy acquires acreage in Midland basin in $980-million deal

SM Energy Company has entered into a definitive purchase agreement to acquire 24,783 net acres in Howard County, West Texas, expanding the company’s Midland basin footprint to approximately 46,750 net acres. More »

Russia sees no need for oil freeze talks currently, Novak says

Russia sees no need for renewing discussion of an oil-output freeze at current crude prices, while leaving open the possibility for the future, Energy Minister Alexander Novak told journalists in Moscow Monday. More »

Transocean rig runs aground off Scottish isle amid storms

Transocean Winner, a semisubmersible rig, ran aground off the west coast of Scotland after it broke free from a tug boat amid strong winds, the U.K. Maritime and Coastguard Agency said. More »

OPEC plans informal talks next month, sees oil dip temporary

The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices “temporary,” the group’s president said Monday. More »

Libya starts work at biggest oil port in step to increase output

Libya has started maintenance work at Es Sider port, the nation’s largest oil export terminal, as part of plans to increase output from Africa’s biggest holder of crude reserves. More »