Oil and Gas News
Tue 26 Jul 2016 Protesters at Shell London HQ as North Sea Strikes Go Ahead
Published: 11:00 on Tue 26 Jul 2016 in Oil Industry News.
One protester told Oil and Gas People: "Last week we targeted Shell petrol stations and this week we have commenced strike action and protests at company headquarters. We would like to make it clear t...
Tue 26 Jul 2016 Atlas Bags Nord Stream 2 Deal
Published: 10:00 on Tue 26 Jul 2016 in Oil Industry News.
Atlas Professionals’ offshore management and quality control (QC) team has secured a frame agreement with Nord Stream 2, an international, six-company consortium constructing a natural gas pipeline fr...
Tue 26 Jul 2016 Prosafe Swings Jobs Axe to Cut Costs
Published: 09:00 on Tue 26 Jul 2016 in Oil Industry News.
The company said on Tuesday that, as part of its cost efficiency measures reported in connection with the company’s 1Q 2016 report, Prosafe is implementing a reorganization of the group’s shore-based ...
Tue 26 Jul 2016 North Sea Oil Workers Refuse to Work Overtime Ahead of Strike
Published: 08:00 on Tue 26 Jul 2016 in Oil Industry News.
North Sea oil workers are refusing to work overtime ahead of a series of strikes this week. Nearly 400 staff on eight Shell platforms are expected to down tools for 24 hours from midnight on Monday...
Tue 26 Jul 2016 Libyan Deal to End Oil Ports Blockade Still Needs Signing
Published: 06:00 on Tue 26 Jul 2016 in Oil Industry News.
Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement fo...
Tue 26 Jul 2016 Keppel Sees No Quick Improvement in Rig Demand
Published: 03:00 on Tue 26 Jul 2016 in Oil Industry News.
Singapore’s Keppel Offshore & Marine, one of the world’s largest rig builders, sees no quick recovery in demand for offshore drilling rigs, despite the somewhat higher oil prices. Also, presenting...
Mon 25 Jul 2016 Norway to 'Completely Ban Petrol Powered Cars by 2025'
Published: 20:00 on Mon 25 Jul 2016 in Oil Industry News.
Norway will ban the sale of all fossil fuel-based cars in the next decade, continuing its trend towards becoming one of the most ecologically progressive countries on the planet, according to reports....
Mon 25 Jul 2016 Safety Watchdog Spots Irregularities During Teekay FPSO Audit
Published: 18:00 on Mon 25 Jul 2016 in Oil Industry News.
Norwegian offshore safety body, the Petroleum Safety Authority, has found several irregularities and improvement points during an audit of Teekay Petrojarl, a floating production, storage and offloadi...
Mon 25 Jul 2016 Continuous Strikes Begin on Shell Installations
Published: 17:00 on Mon 25 Jul 2016 in Oil Industry News.
A ban on overtime working started this morning and will run continuously, RMT added.According to a press release by the union, the company is proposing cuts to members’ pay which could amount to up to...
Mon 25 Jul 2016 Shell Cuts Jobs in Gulf of Mexico
Published: 14:00 on Mon 25 Jul 2016 in Oil Industry News.
Specifically, Shell said that the new organization will require approximately 25% fewer offshore employee and contractor positions. Shell has about 770 people employed in the Gulf deep waters.A Shell ...
Mon 25 Jul 2016 Oil Prices Dip on Ongoing Oversupply
Published: 13:00 on Mon 25 Jul 2016 in Oil Industry News.
International Brent crude oil futures <LCOc1> were trading at $45.51 per barrel at 0623 GMT, down 18 cents from their previous close. U.S. West Texas Intermediate (WTI) crude <CLc1> was at...
Mon 25 Jul 2016 Eni Cancels Vessel Deal with Viking Supply Ships
Published: 10:00 on Mon 25 Jul 2016 in Oil Industry News.
Besides working for Eni Norge, the 2011-built vessel has also been part of the extended towing -preparedness in the area on behalf of the Norwegian Coastal Administration, VSS said on Monday.The vesse...
Mon 25 Jul 2016 UK Oil and Gas Workers to Embark on First North Sea Strike in a Generation
Published: 09:00 on Mon 25 Jul 2016 in Oil Industry News.
Almost 400 members of IndustriALL Global Union affiliates Unite and the RMT at multinational oil and gas services company Wood Group will take industrial action on 26 July in a dispute over 30 per cen...
Mon 25 Jul 2016 Libya oil exports threatened as NOC warns against port deal
Published: 08:00 on Mon 25 Jul 2016 in Oil Industry News.
Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. In ...
Sun 24 Jul 2016 U.S. refinery profits set for worst year since start of shale boom
Published: 23:00 on Sun 24 Jul 2016 in Oil Industry News.
U.S. independent refiners such as Valero Energy Corp and Phillips 66 look set to post another quarter of disappointing earnings, putting the industry on track for its worst year since the U.S. shale b...
Sun 24 Jul 2016 Ocean Installer Wins FSU Mooring Contract
Published: 11:00 on Sun 24 Jul 2016 in Oil Industry News.
Ocean Installer, Norway’s subsea installation specialist, has been awarded a turnkey project for the procurement and installation of a spread mooring chain system for a Floating Storage Unit (FSU) in ...
Sun 24 Jul 2016 BP Renews Line Pipe Supply Deal with Japanese Steel Maker
Published: 03:00 on Sun 24 Jul 2016 in Oil Industry News.
Japan’s Nippon Steel & Sumitomo Metal Corporation and Sumitomo Corp have renewed a master agreement for the supply of line pipe with the British oil company BP.The Japanese steelmaker on Friday s...
Sat 23 Jul 2016 Suncor Isolates Pipeline Leak at Alberta Plant
Published: 23:00 on Sat 23 Jul 2016 in Oil Industry News.
The Alberta Energy Regulator (AER) said on Friday a leak at a diluent pipeline at Suncor Energy Inc's base plant near Fort McMurray, Alberta has been shut and isolated.Suncor estimates about 20 cu...
Sat 23 Jul 2016 ExxonMobil to Buy InterOil in $2.5B Transaction
Published: 19:00 on Sat 23 Jul 2016 in Oil Industry News.
ExxonMobil and InterOil have announced an agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil.“This agreement will enable Exx...
Sat 23 Jul 2016 Drillship Deepsea Metro I Starts Drilling Ops for Petronas
Published: 03:00 on Sat 23 Jul 2016 in Oil Industry News.
Odfjell Drilling has started drilling operations for Petronas Carigali offshore Malaysia under a contract for one firm well plus four optional wells with the ultra-deepwater drillship, Deepsea Metro I...
Fri 22 Jul 2016 More Pain Seen for U.S. Crude as Product Glut Adds to Gloom
Published: 22:00 on Fri 22 Jul 2016 in Oil Industry News.
A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between near-term and f...
Fri 22 Jul 2016 Offshore Protestors Gather at Shell Depots to Vent Anger at Strike 'Scab' Workforce Plans
Published: 14:20 on Fri 22 Jul 2016 in Oil Industry News.
Oil and Gas People broke last week how Shell were actively recruiting a 'Scab' workforce to cover key positions on each of their 8 installations that will be affected by next weeks planned str...
Fri 22 Jul 2016 Lukoil Puts Ice-class Vessels into Service at V. Filanovsky Field
Published: 14:00 on Fri 22 Jul 2016 in Oil Industry News.
Russian oil company Lukoil has put into service three ice-class vessels in support of its Caspian Sea oil and gas activities.The vessels Bumi Uray, Bumi Pokachi and Bumi Naryan-Mar, delivered by Bumi ...
Fri 22 Jul 2016 Ithaca’s FPF-1 Platform Moves a Step Closer to Stella Field
Published: 13:00 on Fri 22 Jul 2016 in Oil Industry News.
Ithaca Energy on Friday said that the “FPF-1” floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland.The vessel has b...
Fri 22 Jul 2016 Transocean Stacks Six Rigs and Lands New Deals
Published: 12:00 on Fri 22 Jul 2016 in Oil Industry News.
In the company’s latest fleet status report, covering a period from April to July 2016, the driller revealed that six rigs have been stacked; the 1999-built drillship Deepwater Millennium, the 2001-bu...
Fri 22 Jul 2016 Vroon Holds Naming Ceremony forNew PSV
Published: 11:00 on Fri 22 Jul 2016 in Oil Industry News.
Vroon has held a naming ceremony for its newbuild platform supply vessel (PSV), VOS Passion, at Cosco Shipyard in Guangdong, China.Vroon said that the ceremony was held on Monday and the vessel was ch...
Fri 22 Jul 2016 Stork Pens Contract to Support Repsol Sinopec’s North Sea Assets
Published: 10:00 on Fri 22 Jul 2016 in Oil Industry News.
The confirmation comes following an announcement earlier this month when Repsol Sinopec said it had awarded several contracts for maintenance of its North Sea assets, to several companies.Under the tw...
Fri 22 Jul 2016 Norway’s Monthly Oil Output Down 8% YOY
Published: 08:00 on Fri 22 Jul 2016 in Oil Industry News.
Norway’s government agency in charge of managing the oil and gas resources, the Norwegian Petroleum Directorate (NPD), has informed that the country’s oil production in June 2016 was 8 pct lower compa...
Fri 22 Jul 2016 Larsen & Toubro in Saudi Aramco Offshore Deal
Published: 06:00 on Fri 22 Jul 2016 in Oil Industry News.
India’s Larsen & Toubro has reportedly received a contract for work on Saudi Aramco’s Fadhili development in Saudi Arabia.The news, however, is yet to be officially confirmed, as it appeared on CN...
Fri 22 Jul 2016 CGG Kicks off Gulf of Thailand Survey for KrisEnergy
Published: 03:00 on Fri 22 Jul 2016 in Oil Industry News.
Oil and gas company KrisEnergy has announced that the survey vessel CGG Amadeus has started an 884 sq. km 3D seismic acquisition program in the G10/48 contract area in the Gulf of Thailand.KrisEnergy ...
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