Oil and Gas News
Tue 6 Dec 2016 OPEC Sees Robust Oil Demand Growth Even if Prices Rise
Published: 10:00 on Tue 6 Dec 2016 in Oil Industry News.
The Organization of the Petroleum Exporting Countries expects oil demand in 2017 to be as robust as this year, the group's secretary general told an energy conference on Monday, though recently ag...
Tue 6 Dec 2016 OGA Launches Extra North Sea Offshore Bidding Round
Published: 09:00 on Tue 6 Dec 2016 in Oil Industry News.
The additional bidding round named the 'Offshore 2016 Supplementary Round' allows companies to apply for new licenses to drill for offshore oil and gas in a number of blocks outside the 29th...
Tue 6 Dec 2016 BP Commences Drilling Activity on New Prospect in Southern North Sea
Published: 08:00 on Tue 6 Dec 2016 in Oil Industry News.
BP has started drilling on a potential gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region.The well, being drilled with partners Pe...
Tue 6 Dec 2016 OPEC Target Gets Harder as African Members Boost November Output
Published: 06:00 on Tue 6 Dec 2016 in Oil Industry News.
OPEC’s mission to implement last week’s historic deal to curb production for the first time in eight years just got a little bit harder after three of its African members increased output in November....
Tue 6 Dec 2016 Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Published: 03:00 on Tue 6 Dec 2016 in Oil Industry News.
China's ENN Group, the top shareholder in Santos Ltd, will be watching closely when the Australian gas producer outlines its strategy on Thursday to pay down debt and cope with weak oil and gas pr...
Mon 5 Dec 2016 Subsea 7 Awarded Surf Contract, Offshore Australia
Published: 23:00 on Mon 5 Dec 2016 in Oil Industry News.
Subsea 7 S.A. announced the award of a sizeable contract by Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia. The Greater Western Flank is located on the North Wes...
Mon 5 Dec 2016 BP to Add Second Platform to the Supergiant Mad Dog Field
Published: 22:00 on Mon 5 Dec 2016 in Oil Industry News.
BP has sanctioned the Mad Dog Phase 2 project in the U.S., highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 will include a new floati...
Mon 5 Dec 2016 Platts Considers First Addition to Brent Basket Since 2007
Published: 20:00 on Mon 5 Dec 2016 in Oil Industry News.
Oil pricing agency Platts is considering the first major overhaul in nearly a decade of its benchmark dated Brent assessment, which is used for most of the world's crude trade.It may add Norwegian...
Mon 5 Dec 2016 FMC, Technip Pass Final Antitrust Review with Brazilian Clearance
Published: 18:00 on Mon 5 Dec 2016 in Oil Industry News.
The pending combination of FMC Technologies and Technip has received a clearance decision from the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antit...
Mon 5 Dec 2016 Dakota Access Pipeline Setback After U.S. Permit Denied
Published: 17:00 on Mon 5 Dec 2016 in Oil Industry News.
“There’s more work to do” in exploring alternative routes, Jo-Ellen Darcy, the corps’ assistant secretary for civil works, said in a statement Sunday, rejecting the company’s request for a permit to r...
Mon 5 Dec 2016 Petrofac Secures North Sea Contract Extension
Published: 15:00 on Mon 5 Dec 2016 in Oil Industry News.
The extension to December 2021 is worth in the region of US$70 million and includes the provision of enhanced construction services and production supervision, as well as the existing pre-operations, ...
Mon 5 Dec 2016 Bibby Offshore Wins Significant North Sea Contract With Shell
Published: 13:00 on Mon 5 Dec 2016 in Oil Industry News.
The campaign, due to commence in Q1 2017, will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea.Under the agreement, Bibby Offsh...
Mon 5 Dec 2016 India in US$20 billion Deepwater Investment
Published: 12:00 on Mon 5 Dec 2016 in Oil Industry News.
India plans to invest US$20 billion in deepwater natural gas development in the next five to seven years, the country’s Oil Minister Dharmendra Pradhan said this week, according to news reports.The mu...
Mon 5 Dec 2016 Legal Spat Intensifies As Tullow Terminates Seadrill Semi-Sub Contract
Published: 11:00 on Mon 5 Dec 2016 in Oil Industry News.
Tullow is terminating the contract due to an alleged force majeure claim declared in early October 2016, which Seadrill has disputed. Tullow also alleges that the contract has been discharged by frust...
Mon 5 Dec 2016 Petrofac Completes World’s Largest Scale Squeeze Operation in North Sea
Published: 10:00 on Mon 5 Dec 2016 in Oil Industry News.
Petrofac’s Anasuria operations team has completed the largest scale squeeze operation in the world. More than 50,000 bbl of treatment were injected into the Teal well—within the Anasuria cluster in th...
Mon 5 Dec 2016 ENSCO Warns Of Additional 243 Redundancies
Published: 09:00 on Mon 5 Dec 2016 in Oil Industry News.
ENSCO has sent a memorandum out to all it's offshore workforce advising that due to several rigs approaching the end of their contract period with no signs of a renewal in place, they expect they ...
Mon 5 Dec 2016 Shell North Sea Platform Being Downmanned After Emergency Shutdown
Published: 08:00 on Mon 5 Dec 2016 in Oil Industry News.
Oil and Gas People has learned from sources offshore that the Shearwater Platform operated by Shell in the Central North Sea has been shutdown overnight after a reported well incident.Shell would not ...
Mon 5 Dec 2016 OPEC Deal Can Work, But ‘We Tend to Cheat,’ Al-Naimi says
Published: 06:00 on Mon 5 Dec 2016 in Oil Industry News.
OPEC’s agreement to cut production for the first time in eight years has the potential to balance the oil market, as long as everyone sticks to it, former Saudi Arabia Oil Minister Ali al-Naimi said."...
Mon 5 Dec 2016 BHP Billiton Trumps BP in Bid for First Ever Joint Venture Offered by Pemex
Published: 00:00 on Mon 5 Dec 2016 in Oil Industry News.
BHP Billiton has outbid British oil major BP for a lucrative contract to develop the deepwater Trion oilfield off the coast of Mexico with state oil firm Pemex.The London-listed Anglo-Australian giant...
Sun 4 Dec 2016 Ahead of Promised Cut, Russia's Oil Output Hits Record High
Published: 00:00 on Sun 4 Dec 2016 in Oil Industry News.
Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov...
Sat 3 Dec 2016 Drilling Begins at Oil Field that Will Support 700 jobs
Published: 00:00 on Sat 3 Dec 2016 in Oil Industry News.
Drilling has begun on a North Sea oil field that will eventually support about 700 jobs.The first oil is expected to be produced from the Mariner field in 2018, Statoil said.Up to five wells will be d...
Fri 2 Dec 2016 U.S. Crude Inventories Fall Unexpectedly, Big Distillate Build
Published: 23:00 on Fri 2 Dec 2016 in Oil Industry News.
U.S. crude oil stockpiles fell unexpectedly last week, while distillate inventories rose sharply, the Energy Information Administration's data showed on Wednesday.Crude inventories USOILC=ECI fell...
Fri 2 Dec 2016 North Dakota Governor Orders Pipeline Protesters Expelled
Published: 22:00 on Fri 2 Dec 2016 in Oil Industry News.
North Dakota's governor ordered the expulsion of thousands of Native American and environmental activists camped on federal property near an oil pipeline project they are trying to halt, citing ha...
Fri 2 Dec 2016 Winners And Losers Of The OPEC Deal
Published: 19:00 on Fri 2 Dec 2016 in Oil Industry News.
This is an article by Julianne Geiger of Oilprice.com - Source article available hereIt’s no secret I’ve been one of the consistent naysayers about the OEPC deal. I was confident a deal woul...
Fri 2 Dec 2016 Shell Workers Threaten To Shut Half Of Refinery
Published: 17:00 on Fri 2 Dec 2016 in Oil Industry News.
Shell is currently embroiled in a pay dispute with workers at its Pernis oil refinery in the Netherlands which refines 404,000 bpd.Egbert Schellenberg of FNV Union told reporters that employees w...
Fri 2 Dec 2016 BP And Shell Have Egyptian Bids Accepted
Published: 15:00 on Fri 2 Dec 2016 in Oil Industry News.
The North African country’s Petroleum Ministry said it had approved six applications for exploration with investment values of at least $200million.Apache and Apex were also among the successful bidde...
Fri 2 Dec 2016 One Dead After Fire On Eni Platform
Published: 13:00 on Fri 2 Dec 2016 in Oil Industry News.
A worker died yesterday after a fire broke out on an Eni platform off the Republic of Congo.The incident occurred on the Foukanda platform, located on a field operated by Eni.The platform was eva...
Fri 2 Dec 2016 Shell Studies Green Energy Deals to Prepare for Future After Oil
Published: 12:00 on Fri 2 Dec 2016 in Oil Industry News.
Royal Dutch Shell, the world's second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strate...
Fri 2 Dec 2016 SpeedCast Awarded Multi-Year North Sea Service Contract
Published: 11:00 on Fri 2 Dec 2016 in Oil Industry News.
SpeedCast has announced that it has been awarded a 3-year contract to provide a fully managed VSAT network service for INEOS platforms in the Clipper South and Breagh gas fields in the North Sea, Unit...
Fri 2 Dec 2016 North Sea Well Sees Worlds Largest Scale Squeeze Operation
Published: 09:00 on Fri 2 Dec 2016 in Oil Industry News.
The most common industry practice for scale squeeze operations is to use a well intervention vessel. However, the Petrofac team developed an innovative program and removed the need for a vessel. Inste...
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