Oil and Gas News
Sun 25 Sep 2016 Fire Breaks Out on Pemex Tanker in Gulf of Mexico
Published: 13:00 on Sun 25 Sep 2016 in Oil Industry News.
A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.The bl...
Fri 23 Sep 2016 RGU to Help Develop Training Framework for Indian Subsea Sector
Published: 23:00 on Fri 23 Sep 2016 in Oil Industry News.
Robert Gordon University (RGU) in Aberdeen has been awarded funding from the UK Government to establish a sustainable training framework for the energy sector in India with a focus on accelerating ski...
Fri 23 Sep 2016 Shell Hits Dust in Exploration Well off Canada
Published: 22:00 on Fri 23 Sep 2016 in Oil Industry News.
Oil major Royal Dutch Shell has failed to find commercial hydrocarbons at its first exploration well in the Shelburne Basin offshore Canada. The Shelburne Basin deepwater exploration project is locate...
Fri 23 Sep 2016 Subsea UK to Unlock Mexican Market for UK Companies
Published: 18:00 on Fri 23 Sep 2016 in Oil Industry News.
UK subsea companies will be heading to Mexico City next week on a showcase trade mission to increase business and trade opportunities in Latin America’s most promising energy hubs.The event has been o...
Fri 23 Sep 2016 Petrofac takes over Lewek Emas FPSO
Published: 17:00 on Fri 23 Sep 2016 in Oil Industry News.
The sale of the FPSO was previously agreed in principle, between Emas Offshore and PetroFirst.PetroFirst is a joint venture between First Reserve, a global, private equity and infrastructure investmen...
Fri 23 Sep 2016 Shell Hires Three Anchor Handlers from Viking
Published: 14:00 on Fri 23 Sep 2016 in Oil Industry News.
Shell UK has chartered three anchor-handling tug support (AHTS) vessels from Swedish offshore support ships operator Viking Supply Ships.According to data on Viking Supply Ships’ website, the vessels ...
Fri 23 Sep 2016 Oil Industry Spending Set to Rise in 2017
Published: 13:00 on Fri 23 Sep 2016 in Oil Industry News.
Companies will spend 2.5% more on capital expenditure next year than they did this year, the first yearly growth in such spending since 2014, BMI Research said in a Sept. 22 report. Spending will incr...
Fri 23 Sep 2016 It’s Official. Maersk Confirms 2-way Split Option
Published: 12:00 on Fri 23 Sep 2016 in Oil Industry News.
Following earlier reports that the Danish conglomerate Maersk was considering splitting the company into two divisions, or into several smaller businesses as part of its strategic review, the split op...
Fri 23 Sep 2016 Fatal Helicopter Crash Report Released by Statoil
Published: 11:00 on Fri 23 Sep 2016 in Oil Industry News.
The Statoil investigation concluded that the organisation is working well with helicopter safety on the Norwegian shelf, the company said.The report also stated that the industry's efforts t...
Fri 23 Sep 2016 Preps Underway to Ship Transocean Winner Rig from UK to Turkey
Published: 10:00 on Fri 23 Sep 2016 in Oil Industry News.
The moment is nearing for the sailaway of the recently grounded Transocean drilling rig in Scotland.The rig, currently moored in the Broad Bay, offshore Stornoway, Isle of Lewis, will be taken aboard ...
Fri 23 Sep 2016 Maersk Oil eyes Shell's North Sea Assets Ahead of Spin-Off
Published: 09:00 on Fri 23 Sep 2016 in Oil Industry News.
Maersk announced on Thursday a major overhaul that will see it focus on its core transport and logistics businesses, while looking at options for its energy division within 24 months that could includ...
Fri 23 Sep 2016 OPEC in New Push to Clinch First Deal to Curb Output Since 2008
Published: 08:00 on Fri 23 Sep 2016 in Oil Industry News.
As far as OPEC decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises.The last two meetings of the Organization of the Petroleum Expo...
Fri 23 Sep 2016 Spectrum in 2D Seismic Survey Offshore Mozambique
Published: 06:00 on Fri 23 Sep 2016 in Oil Industry News.
Multi-Client seismic data specialist Spectrum has been awarded the Tender Area 2 Broadband 2D multi-client seismic survey covering the southern Rovuma and north-eastern Zambezi Basins, offshore Mozamb...
Thu 22 Sep 2016 Venezuela PDVSA Awards $3.2 billion Oil Service Contracts, Protest Brews
Published: 23:00 on Thu 22 Sep 2016 in Oil Industry News.
Venezuela's state oil company PDVSA said on Wednesday it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt, although sources close to the matter said some foreign partners h...
Thu 22 Sep 2016 Phillips 66 Shuts San Francisco Bay Marine Terminal Due to Oily Sheen
Published: 22:00 on Thu 22 Sep 2016 in Oil Industry News.
Phillips 66 on Wednesday shut a marine terminal at its Rodeo refinery in the San Francisco Bay Area after discovering a light oily sheen on nearby water, a spokesman for the company said by email on W...
Thu 22 Sep 2016 BP's Azerbaijan Gas Project Will Cost $18 Billion
Published: 21:00 on Thu 22 Sep 2016 in Oil Industry News.
The company organized a press tour Sept. 22 for journalists to Azfen-Tekfen-Amec consortium’s (ATA) production site, where the assembly of topside modules of the platform for the Shah Deniz 2 project ...
Thu 22 Sep 2016 Petrobras CEO Sees No Significant Impact from U.S. Lawsuit, DOJ Case
Published: 20:00 on Thu 22 Sep 2016 in Oil Industry News.
Petróleo Brasileiro SA will not have to pay a significant amount to settle a U.S. Justice Department probe or a class action lawsuit over a corruption case at the Brazilian state-controlled oil compan...
Thu 22 Sep 2016 North Sea Strike Ends as Pay Deal Agreed
Published: 19:00 on Thu 22 Sep 2016 in Oil Industry News.
As a reminder, it was reported back in July that over 400 members of RMT and Unite unions went on a 24-hour strike against Wood Group’s proposed pay cuts; the strike was the first of its kind in 28 ye...
Thu 22 Sep 2016 Oil and Gas Companies are Facing Major Technological Disruption - Video
Published: 18:00 on Thu 22 Sep 2016 in Oil Industry News.
The Economist Films, part of the renowned magazine The Economist, has produced a documentary investigating how new technologies and renewables are disrupting the fossil fuel industry, and what the ...
Thu 22 Sep 2016 Petrofac Wins Training Contract with Statoil
Published: 17:00 on Thu 22 Sep 2016 in Oil Industry News.
In the new five-year training partnership, Petrofac Training Services is appointed as Statoil’s preferred supplier and will provide a wide range of HSE, survival, fire and marine training services to ...
Thu 22 Sep 2016 Russia’s Northernmost Active Oil Field Enters Commercial Production
Published: 15:00 on Thu 22 Sep 2016 in Oil Industry News.
Thanks to the use of state-of-the-art technical and engineering solutions, the pre-development of Vostochno-Messoyakhskoye took less than three years. Today, the project includes 50 oil development we...
Thu 22 Sep 2016 Motiva Port Arthur Refinery Output Unaffected by Leak
Published: 14:00 on Thu 22 Sep 2016 in Oil Industry News.
Production at Motiva Enterprises [MOTIV.UL] 603,000 barrel per day (bpd) Port Arthur, Texas, refinery was unaffected by a leak of hydrogen sulfide from Sulfur Recovery Unit 2 over the weekend, said so...
Thu 22 Sep 2016 Nigeria Sues Oil Majors Over $12.7 Billion In ‘Stolen Oil’
Published: 13:00 on Thu 22 Sep 2016 in Oil Industry News.
According to government officials quoted by the Associated Press, the five companies only declared 57 million barrels of crude as exports for the period, bound for the U.S. However, there were differe...
Thu 22 Sep 2016 Interest in Norwegian Offshore Acreage Dips as 33 Oil Firms Apply
Published: 12:00 on Thu 22 Sep 2016 in Oil Industry News.
Thirty-three oil companies have applied for exploration acreage offshore Norway as part of this year’s licensing round, the APA 2016, comprising the predefined areas with blocks in the North Sea, the ...
Thu 22 Sep 2016 Shell Hires Three Anchor Handlers from Viking
Published: 11:00 on Thu 22 Sep 2016 in Oil Industry News.
According to data on Viking Supply Ships’ website, the vessels will be used for repositioning and mobilization of Diamond Offshore’s semi-submersible drilling rig, the Ocean Patriot, which is under co...
Thu 22 Sep 2016 Huge 60,000-tonne Ship Arrives in Lewis Ahead of Oil Rig Move
Published: 10:00 on Thu 22 Sep 2016 in Oil Industry News.
A 60,000-tonne ship that will carry a refloated oil rig from the Western Isles to Turkey has arrived in the Hebrides.The Transocean Winner rig ran aground on Lewis after breaking free from the boat to...
Thu 22 Sep 2016 Maersk to Break Up and Become Separate Energy and Shipping Companies
Published: 09:00 on Thu 22 Sep 2016 in Oil Industry News.
“The Board of Directors expect that the oil and gas related businesses in A.P. Møller – Mærsk A/S will require different solutions for future development including separation of entities individually ...
Thu 22 Sep 2016 Piper Alpha Disaster Memorial 'Secure for 20 years'
Published: 08:00 on Thu 22 Sep 2016 in Oil Industry News.
A memorial to the men killed in the Piper Alpha disaster is secure for the next 20 years, according to fundraisers.The Pound for Piper Memorial Trust was established ahead of the 25th anniversary of t...
Thu 22 Sep 2016 OPEC Seen Failing to Clinch Oil-output Deal at Algiers Talks
Published: 06:00 on Thu 22 Sep 2016 in Oil Industry News.
OPEC probably won’t clinch a deal to limit oil production in Algiers next week as members stay focused on either boosting output or defending their market share, according to a Bloomberg survey.The Or...
Thu 22 Sep 2016 Farstad Shuts Down Melbourne Office, Trims Workforce
Published: 03:00 on Thu 22 Sep 2016 in Oil Industry News.
Offshore service vessel provider Farstad Shipping concentrates its oil service activity in Australia to Perth and will close down the management office in Melbourne.The company said on Tuesday that, c...
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