Oil and Gas News
Thu 13 Apr 2017 Oil Company Pulls Out of Amazonian Land Inhabited by Uncontacted Tribes
Published: 20:00 on Thu 13 Apr 2017 in Oil Industry News.
In recent years, aid organizations and companies working to extract resources from the vast wilds of the Amazon rainforest have reported a number of sightings of uncontacted tribes, the last remaining...
Tue 4 Apr 2017 Petro River to Drill Exploration Wells With Significant Potential in Oklahoma
Published: 22:00 on Tue 4 Apr 2017 in Oil Industry News.
Petro River Oil Corp., an independent oil and gas exploration company utilizing the latest 3D seismic technology, has announced the spudding of one of the four exploration wells in its Pearsonia West ...
Tue 4 Apr 2017 India's ONGC Videsh to spend over $3 billion on Iran gas block
Published: 15:00 on Tue 4 Apr 2017 in Oil Industry News.
ONGC Videsh last month submitted a revised plan to the Iranian government for the block, which the company will be able to develop within five years, Managing Director N.K. Verma told reporters in Mum...
Mon 3 Apr 2017 Scotland's Oil Industry is Turning a Corner...But Could Face a £200m 'Brexit' Bill
Published: 08:00 on Mon 3 Apr 2017 in Oil Industry News.
THE oil and gas industry could be hit with a £200 million a year ‘Brexit bill’ if a trade deal with the European Union is not reached, experts have warned.Researchers at Robert Gordon University in Ab...
Tue 28 Mar 2017 Billion Barrel Oil Field Discovered West of Shetland
Published: 09:00 on Tue 28 Mar 2017 in Oil Industry News.
The find could provide up to 1 billion barrels of oil equivalent (boe) in what is hailed to be the biggest find in the North Sea since Nexen discovered the Buzzard Field in 2001.The field will be...
Fri 17 Mar 2017 Weatherford Brazil Facility Achieves API Q2 Certification
Published: 22:00 on Fri 17 Mar 2017 in Oil Industry News.
Weatherford International announced today that its facility in Macaé, Brazil, received API Specification Q2 certification. To gain certification, a facility must demonstrate a robust quality managemen...
Wed 8 Mar 2017 US Unveils Lease Sale 249
Published: 20:00 on Wed 8 Mar 2017 in Oil Industry News.
The US Department of the Interior (DOI) announced its first lease sale under the Trump Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program), offer...
Fri 3 Mar 2017 Kuwait Energy Plan London IPO, Seeking $1-billion Valuation
Published: 10:00 on Fri 3 Mar 2017 in Oil Industry News.
Kuwait Energy is planning an initial public offering in London that could value the oil and gas exploration business at as much as $1 billion, according to authorities familiar with the matter.The ind...
Thu 23 Feb 2017 LEKOIL Ramp up Production with Continuous Flow at Nigeria Field
Published: 06:00 on Thu 23 Feb 2017 in Oil Industry News.
LEKOIL, the oil and gas exploration and development company with a focus on West Africa, is pleased to announce that oil is flowing at Otakikpo field to onshore storage tanks, where it will be evacuat...
Mon 13 Feb 2017 Arctic Offshore Drilling Too Dangerous
Published: 22:00 on Mon 13 Feb 2017 in Oil Industry News.
Responding to criticism of the move from Darrel Nasogaluak, the mayor of Tuktoyaktuk, a remote community on the shores of the Beaufort Sea, during a town hall meeting in Yellowknife on Friday, Trudeau...
Wed 8 Feb 2017 Unite the Union Calls for Focus on Oil Exploration – Not Just Decommissioning
Published: 14:00 on Wed 8 Feb 2017 in Oil Industry News.
Today (Wed 8 Feb) Shell announced plans to remove facilities in the Brent field, shortly followed by the unveiling of a new £5 million Scottish Government fund to support decommissioning projects.But ...
Wed 25 Jan 2017 Oil and Gas Industry Mental Health Discussed by University Expert
Published: 12:00 on Wed 25 Jan 2017 in Oil Industry News.
A senior lecturer at Robert Gordon University (RGU) has given his views on mental health in the oil and gas industry, as part of a campaign with Petroplan.Petroplan is a specialist oil, gas and energy...
Tue 24 Jan 2017 Cairn Spuds First 2017 SNE Well, Senegal
Published: 06:00 on Tue 24 Jan 2017 in Oil Industry News.
Drilling has started on Cairn Energy's latest exploration campaign offshore Senegal, according to partner FAR.Cairn Energy is using the Stena DrillMAX drillship to drill the SNE-5 well, which was ...
Thu 19 Jan 2017 Big Oil Back on the Acquisition Trail as Outlook Brightens
Published: 00:00 on Thu 19 Jan 2017 in Oil Industry News.
The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps...
Wed 18 Jan 2017 Five Potential Oil and Gas Takeover Targets In 2017
Published: 20:00 on Wed 18 Jan 2017 in Oil Industry News.
Record levels of oil and gas properties changed hands last year with the industry's bad times seemingly behind it and oil prices on the upswing. All that deal activity - mostly between private and...
Thu 12 Jan 2017 Asia's Diesel Profit May Rise for First Time Since 2013
Published: 03:00 on Thu 12 Jan 2017 in Oil Industry News.
Asian refiners' profit margins from producing diesel in 2017 may rise for the first time in four years as demand for the fuel improves in the infrastructure, construction, mining and oil and gas e...
Wed 11 Jan 2017 Oil Discoveries Seen Recovering After Crashing to 65-year Low
Published: 10:00 on Wed 11 Jan 2017 in Oil Industry News.
The amount of oil discovered last year was the lowest since the 1950s as explorers slashed spending amid the worst downturn in a generation, according to Wood Mackenzie. The good news: It can probably...
Mon 9 Jan 2017 Statoil Weighs Up Withdrawal from US Gulf of Mexico Exploration
Published: 19:00 on Mon 9 Jan 2017 in Oil Industry News.
Norwegian multinational Statoil is pondering pulling out of its oil and gas exploration operations in the US Gulf of Mexico, according to Reuters citing comments in a Norwegian business journal.The co...
Fri 30 Dec 2016 Egypt Sign $220 million of Oil Exploration Deals
Published: 12:00 on Fri 30 Dec 2016 in Oil Industry News.
Egypt’s Oil Ministry has signed three oil and gas exploration agreements in the Mediterranean Sea worth an estimated US$220 million, according to news reports. The deals are with supermajor BP, France...
Fri 9 Dec 2016 Tenaris’ Billionaire Owner Expects Oilfield Lift from Trump’s Trade Plans
Published: 23:00 on Fri 9 Dec 2016 in Oil Industry News.
Billionaire steel tycoon Paolo Rocca is expecting the Donald Trump presidency to be a competitive boon for his oilfield tube-making business Tenaris SA in the U.S.He’s also hoping for the sake of anot...
Mon 14 Nov 2016 Caspian Marine Services Look to Acquire New Vessels
Published: 20:00 on Mon 14 Nov 2016 in Oil Industry News.
The company reached a preliminary agreement with German ER Offshore on the purchase of two vessels worth at least $21 million.The deal envisages a purchase of E.R.Stavanger and E.R. Aalesund supply ve...
Mon 7 Nov 2016 Global Oil and Gas Projects to Need $16 Trillion by 2040 - OPEC
Published: 14:00 on Mon 7 Nov 2016 in Oil Industry News.
Looking to the future, the 2016 World Oil Outlook sees global oil demand increasing from around 93 million barrels a day in 2015 to over 109 million barrels a day by 2040, Barkindo said during the 201...
Fri 21 Oct 2016 CGX Energy Cuts Ties with Rig Yard Project Partner
Published: 23:00 on Fri 21 Oct 2016 in Oil Industry News.
Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin, CGX Energy, has canceled a partnership deal for the company’s proposed wharf and logistic...
Thu 20 Oct 2016 Hurricane ‘Highly Encouraged’ by Lancaster Horizontal Sidetrack Well
Published: 10:00 on Thu 20 Oct 2016 in Oil Industry News.
UK-based oil and gas exploration company Hurricane Energy has achieved sustainable flow from the 205 21a-7Z horizontal sidetrack well at its Lancaster field west of Shetland Islands.Hurricane said on ...
Thu 13 Oct 2016 Petrobras, Galp Move to Expand Cooperation
Published: 20:00 on Thu 13 Oct 2016 in Oil Industry News.
Brazilian oil company Petrobras has signed a memorandum of understanding with Portugal’s Galp Energia to expand cooperation between the two companies and consolidate their strategic alliance.In a stat...
Thu 29 Sep 2016 UK Sees Record Low Oil and Gas Exploration Activity
Published: 12:00 on Thu 29 Sep 2016 in Oil Industry News.
Around 120,000 jobs have been lost in the UK’s offshore oil and gas sector since 2014, according to Oil & Gas UK’s report which also highlighted the need to boost a record low exploration on the U...
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 ...
Wed 21 Sep 2016 Fitch Ratings Sees Stable Outlook for CNOOC
Published: 23:00 on Wed 21 Sep 2016 in Oil Industry News.
Credit ratings agency Fitch Ratings has affirmed CNOOC Limited’s (CNL) Long-Term Foreign- and Local-Currency Issuer Default Ratings and senior unsecured rating at ‘A+’ with the outlook deemed stable.T...
Mon 12 Sep 2016 Senators Vow Fresh Scrutiny of BP's Plans to Drill for Oil in Great Australian Bight
Published: 22:00 on Mon 12 Sep 2016 in Oil Industry News.
BP’s plans to drill for oil in the pristine marine reserve of the Great Australian Bight will come under fresh scrutiny, as senators seek to reinstate a lapsed inquiry examining the company’s proposal...
Mon 12 Sep 2016 U.S. Oil Drillers Add Rigs in Longest Streak in Five Years: Baker Hughes
Published: 18:00 on Mon 12 Sep 2016 in Oil Industry News.
U.S. drillers this week added oil rigs for a tenth week in the past 11, according to a closely followed report on Friday, the longest streak of not cutting rigs since 2011, as the rig count recovered ...
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