Oil and Gas News
Wed 26 Oct 2016 Honeywell Automation To Control North Sea Platform Remotely From Onshore Location
Published: 10:00 on Wed 26 Oct 2016 in Oil Industry News.
Honeywell (NYSE: HON) Process Solutions (HPS) today announced it will provide advanced automation and safety solutions to enable remote onshore operation for an unmanned offshore platform in the North...
Wed 26 Oct 2016 Nigerian Avengers bomb Chevron’s Crude Pipeline
Published: 09:00 on Wed 26 Oct 2016 in Oil Industry News.
The militant group confirmed the bombing on a web posting by its spokesperson, Mr Mudoch Agbinibo.“At about 3:45am, our strike team 06 took down Chevron Escravos export pipeline at Escravos offshore,”...
Wed 26 Oct 2016 UK Regulator Seeks to Spur North Sea Oil Firms into Working Harder
Published: 08:00 on Wed 26 Oct 2016 in Oil Industry News.
The head of Britain's new oil regulator, Andy Samuel, told oil industry executives on Tuesday he would not hold back using new powers to fine companies or even revoke their licences if he thinks t...
Wed 26 Oct 2016 OPEC is at ‘Hardest’ Stage in its History, Secretary-General Says
Published: 06:00 on Wed 26 Oct 2016 in Oil Industry News.
OPEC Secretary-General Mohammed Barkindo said the 14-nation group is facing its toughest challenge as members debate oil-production cuts needed to balance the market.“OPEC has gone through good times ...
Tue 25 Oct 2016 Carrizo Oil and Gas Acquires Eagle Ford Properties for $181 million
Published: 23:00 on Tue 25 Oct 2016 in Oil Industry News.
Carrizo Oil & Gas has announced that it has agreed to acquire Eagle Ford shale properties from an affiliate of Sanchez Energy Corp. for $181 million in cash, subject to customary closing adjustmen...
Tue 25 Oct 2016 Chevron Sees Big Profits in California Despite Regulations
Published: 22:00 on Tue 25 Oct 2016 in Oil Industry News.
The land of liberal politics, electric cars and strict pollution controls might seem like an odd place to drop $1 billion into a 115-year-old oil refinery.Chevron Corp sees an entirely different lands...
Tue 25 Oct 2016 Dakota Access Pipeline Opponents Occupy Land, Citing 1851 Treaty
Published: 20:00 on Tue 25 Oct 2016 in Oil Industry News.
Native American protesters on Monday occupied privately owned land in North Dakota in the path of the proposed Dakota Access Pipeline, claiming they were the land's rightful owners under an 1851 t...
Tue 25 Oct 2016 Service Companies Slip Into Bankruptcy as Oil Prices Rally Too Late
Published: 19:00 on Tue 25 Oct 2016 in Oil Industry News.
Basic Energy Services, which has been working with creditors to align its debt burden with depressed energy prices, said it will file for bankruptcy by Oct. 25. The move would come just a day after Ke...
Tue 25 Oct 2016 Petrobras says U.S. Investor Lawsuits Settled Outside Class Action Suit
Published: 18:00 on Tue 25 Oct 2016 in Oil Industry News.
The chief executive of Brazil's state-run oil company Petrobras, Pedro Parente, said on Monday that four settlements reached with investors late last week were not part of provisions for other ong...
Tue 25 Oct 2016 North Sea Oil Developer Set for Liquidation
Published: 17:00 on Tue 25 Oct 2016 in Oil Industry News.
Trading of the company's AIM-listed shares was suspended after principal debt holders rejected a plan that would see the exchange of 100 percent of the outstanding bonds for 98.5 percent of the enlarg...
Tue 25 Oct 2016 600 People Evacuated After Gas Leak at Statoil Refinery
Published: 15:00 on Tue 25 Oct 2016 in Oil Industry News.
"We evacuated 600 people from the facility just after 1pm," said a company spokesman. "We have closed down one of the areas of the refinery, the one producing gasoline."It was too early to say when pr...
Tue 25 Oct 2016 Petrobras and Total form Strategic Alliance
Published: 14:00 on Tue 25 Oct 2016 in Oil Industry News.
Petrobras and Total inform that Pedro Parente, CEO of Petrobras, and Patrick Pouyanné, chairman and CEO of Total, have signed a Memorandum of Understanding (MOU) which sets the general framework for a...
Tue 25 Oct 2016 Oil Prices Near $50 as Opec Prepares For Talks With Iraq
Published: 13:00 on Tue 25 Oct 2016 in Oil Industry News.
Futures were little changed in New York after falling 0.7 per cent Monday.Mohammed Barkindo will meet with the prime minister and oil minister, according to people familiar with the matter, after Iraq...
Tue 25 Oct 2016 Fracking Gives Time for New Era in the North Sea Oil Industry, says Leading Expert
Published: 12:00 on Tue 25 Oct 2016 in Oil Industry News.
The North Sea oil industry could have a long bright future with the proper technological advances, but in the meantime shale oil and gas reserves must be exploited, a leading expert will this week arg...
Tue 25 Oct 2016 Wood Group Wins Multiyear Contract
Published: 11:00 on Tue 25 Oct 2016 in Oil Industry News.
The contract will be executed by Wood Group's Eastern Canada operations, in St. John's, Newfoundland & Labrador, and has the potential of two additional five-year contract extensions....
Tue 25 Oct 2016 Iraq Offers oil fields under new contract terms
Published: 10:00 on Tue 25 Oct 2016 in Oil Industry News.
Iraq's oil ministry has launched a new round of bidding to develop 12 small to medium-sized oil fields and will directly negotiate terms with oil companies as it seeks to move away from the servic...
Tue 25 Oct 2016 Oil Down as Iraq Says No Cuts; Wall Street, Cushing Draw Limit Loss
Published: 08:00 on Tue 25 Oct 2016 in Oil Industry News.
Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the ...
Tue 25 Oct 2016 Libya's Oil Output at 580,000-600,000 bpd, Seeks More From Western Areas
Published: 06:00 on Tue 25 Oct 2016 in Oil Industry News.
Libya's oil production is 580,000 to 600,000 barrels per day (bpd) and officials are negotiating with western municipalities to return another 380,000 bpd output from those areas, Prime Minister F...
Tue 25 Oct 2016 Santos Quarterly Sales Rise 11% on Production Boost, LNG Volumes
Published: 03:00 on Tue 25 Oct 2016 in Oil Industry News.
Santos, the Australian oil and gas company, reported an 11% rise in third-quarter sales due to a boost in production.Revenue rose to $650 million from $585 million a year ago, Adelaide-based Santos sa...
Tue 25 Oct 2016 Cooper Energy to Buy Santos’s Victorian Gas Assets in Australia
Published: 03:00 on Tue 25 Oct 2016 in Oil Industry News.
Cooper Energy has signed an agreement to acquire Santos's Victorian Gas Assets in Australia for A$82m ($62m).The sale will result in Santos exiting the offshore Victoria area, with the company sel...
Mon 24 Oct 2016 Venezuela's Maduro Says Oil Producers Close to Output Cap Deal
Published: 23:00 on Mon 24 Oct 2016 in Oil Industry News.
Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were "very close" to an agreement on oil production curbs, Azerbaijan's state news agency Azerta...
Mon 24 Oct 2016 Dozens of Demonstrators Arrested at North Dakota Pipeline
Published: 22:00 on Mon 24 Oct 2016 in Oil Industry News.
More than 80 protesters were arrested on Saturday after clashing with police near a pipeline construction site in North Dakota, according to the local sheriff's department, which said pepper spray...
Mon 24 Oct 2016 Shell Divests Shale Acreage in Western Canada for $1 billion
Published: 20:00 on Mon 24 Oct 2016 in Oil Industry News.
Royal Dutch Shell, through its affiliate Shell Canada Energy, has agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for a tota...
Mon 24 Oct 2016 Russia, Qatar, OPEC Discuss Measures to Prop Up Oil Market
Published: 19:00 on Mon 24 Oct 2016 in Oil Industry News.
Russia is the world's largest oil producer but not a member of the Organization of the Petroleum Exporting Countries and its budget has been hit by low oil prices, the same as for many OPEC nations.No...
Mon 24 Oct 2016 Iraq Says Should Be Exempted from OPEC Output Freeze
Published: 18:00 on Mon 24 Oct 2016 in Oil Industry News.
Iraq's Oil Minister Jabar Ali al-Luaibi said on Sunday his country should be exempted from output restrictions as it was fighting a war with Islamic State."We are fighting a vicious war against IS...
Mon 24 Oct 2016 Maersk Drilling to Cut Up to 70 Jobs
Published: 15:00 on Mon 24 Oct 2016 in Oil Industry News.
The organisation stated that nine of it's 23 rigs were not currently in use as Exploration and Development continued to be curtailed by low crude oil prices.Maersk highlighted that the cuts are e...
Mon 24 Oct 2016 Kuwait Acting Oil Minister Expects Oil Between $50-$60/bbl: Agency
Published: 14:00 on Mon 24 Oct 2016 in Oil Industry News.
Kuwait's finance minister and acting oil minister Anas al-Saleh sees crude oil prices at $50 to $60 a barrel within the next 15 months, state news agency Kuna reported on Sunday.Saleh made his com...
Mon 24 Oct 2016 OPEC Deal Unlikely to Lift Oil Prices for Long, World Bank Says
Published: 12:00 on Mon 24 Oct 2016 in Oil Industry News.
OPEC’s power to help lift oil prices by curbing output will be tested by the ability of shale-oil producers and other unconventional suppliers to ramp up production, the World Bank said.Crude prices h...
Mon 24 Oct 2016 C Growth Provide Service to Striving Aberdeen Businesses
Published: 11:00 on Mon 24 Oct 2016 in Oil Industry News.
C Growth would like to thank to our sponsors Anderson Anderson and Brown, UK Fitness Food, the Village hotel and Eye Candy Graphics for bringing this series of events to the city.S...
Mon 24 Oct 2016 Iran Says Hopes Russia, Saudi Can Agree on Oil Market Moves
Published: 10:00 on Mon 24 Oct 2016 in Oil Industry News.
Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, Iranian Oil Minister Bijan Zanganeh said on Sunday."I hope the two si...
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