Oil and Gas News
Mon 20 Feb 2017 Kinder Morgan Starts Talks with Investors for $5.2 billion Canada Pipeline Project
Published: 23:00 on Mon 20 Feb 2017 in Oil Industry News.
Kinder Morgan has held discussions with Canada Pension Plan Investment Board, the Caisse de depot et placement du Quebec and Ontario Teachers' Pension Plan Board, three of the biggest Canadian pen...
Mon 20 Feb 2017 U.S. Shale Oil Braces for the Unfamiliar in 2017
Published: 22:00 on Mon 20 Feb 2017 in Oil Industry News.
U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits ge...
Mon 20 Feb 2017 Biggest U.S. Drilling Surge Since 2012 has Producers Cashing in
Published: 20:00 on Mon 20 Feb 2017 in Oil Industry News.
U.S. drillers pushed ahead on the biggest surge in oil drilling since 2012 as companies take advantage of oil prices that have held steady above $50 for almost three months.Rigs targeting crude in the...
Mon 20 Feb 2017 Rig Values Have Bottomed Out. Cold-Stacked Units Unlikely to Return Says Expert
Published: 19:00 on Mon 20 Feb 2017 in Oil Industry News.
Offshore Energy Today has recently interviewed David Carter Shinn, a partner in the offshore rig brokerage firm Bassoe Offshore.They decided to pick his brains on one of the subjects that matter ...
Mon 20 Feb 2017 Scottish Enterprise Has Given Over £16.6m to Fracking Firm Since 2009
Published: 18:00 on Mon 20 Feb 2017 in Oil Industry News.
A MULTI-NATIONAL company behind plans to bring fracking to Scotland has been awarded over £16 million by the country’s jobs quango in the last eight years.The sums given to Ineos – the equivalent of n...
Mon 20 Feb 2017 Brent Crude Oil Benchmark to Undergo Biggest Change in a decade
Published: 17:00 on Mon 20 Feb 2017 in Oil Industry News.
Norway’s Troll crude, which pumped more than 200,000 bbl each day last year, will from Jan. 1 be included alongside existing grades that make up the Dated Brent benchmark -- Brent, Forties, Oseberg an...
Mon 20 Feb 2017 Scottish West Coast Oil Reserves Likely Missed Report Finds
Published: 15:00 on Mon 20 Feb 2017 in Oil Industry News.
The findings back up Oil and Gas Peoples September 2014 report regarding under-estimated reserves off the west coast of Scotland.A team of geologists from the University of Aberdeen has conducted exte...
Mon 20 Feb 2017 OPEC Wins Investors Back as Cuts Prompt Record Bets on Oil
Published: 14:00 on Mon 20 Feb 2017 in Oil Industry News.
OPEC has never taken supply cuts so seriously, and hedge funds are loving it.Investor optimism that West Texas Intermediate oil prices will rise reached an all-time high as the Organization of Petrole...
Mon 20 Feb 2017 Iran Finds 2 Billion Barrels Shale Oil Reserves in Western Province
Published: 14:00 on Mon 20 Feb 2017 in Oil Industry News.
Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on S...
Mon 20 Feb 2017 MESH Global Unveil New Premises After Merger
Published: 13:00 on Mon 20 Feb 2017 in Oil Industry News.
The new facility brings together the teams from Raisepower and Abersea with both previously having been located in the Aberdeen area with a turnover of around £7 million. The Weston Super Mare facilit...
Mon 20 Feb 2017 Middle East to Invest $294b in Oil and Gas Projects
Published: 12:00 on Mon 20 Feb 2017 in Oil Industry News.
Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
Mon 20 Feb 2017 One Killed, Three Injured in Pipeline Explosion
Published: 11:00 on Mon 20 Feb 2017 in Oil Industry News.
The company said in a statement Sunday that an emergency response team managed to contain the leak Saturday in Abqaiq.The organisation did not elaborate on how the contractor was killed. Two cont...
Mon 20 Feb 2017 These UK-listed Oil and Gas Firms Are Making Advances in the North Sea
Published: 10:00 on Mon 20 Feb 2017 in Oil Industry News.
Two London -listed oil and gas firms today announced major advances in their North Sea assets.Ithaca Energy's Stella field has finally come onstream after electrical faults and bad weather caused ...
Mon 20 Feb 2017 Scotland's Decommissioning Industry 'A Decade Behind'
Published: 09:00 on Mon 20 Feb 2017 in Oil Industry News.
The union claims that Scotland is dragging it's heels way behind other European ports which are already 'decom-friendly' and already appear to be stripping North Sea assets from Briti...
Mon 20 Feb 2017 Saudi Aramco Confirms Death of Contractor in Abqaiq Oil Pipeline Leak
Published: 08:00 on Mon 20 Feb 2017 in Oil Industry News.
State oil giant Saudi Aramco said on Saturday it had contained a "limited" oil leak from one of its pipelines near Abqaiq that had caused the death of a contractor and injured three other people, incl...
Mon 20 Feb 2017 Saudi Arabia Debating Shape of Aramco ahead of IPO
Published: 06:00 on Mon 20 Feb 2017 in Oil Industry News.
Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialized international oil co...
Fri 17 Feb 2017 Occidental Seeking Buyer for South Texas Assets
Published: 23:00 on Fri 17 Feb 2017 in Oil Industry News.
Occidental Petroleum Corp. is working with Citigroup Inc. to handle the sale of about 180,000 acres of E&P assets that hug the border with Mexico in South Texas, according to people familiar with ...
Fri 17 Feb 2017 British Columbia Helps Bestow Benefits of LNG Plant on Native People
Published: 22:00 on Fri 17 Feb 2017 in Oil Industry News.
The Province of British Columbia and the Metlakatla First Nation have reached new agreements to ensure benefits accrue as a result of the construction and operation of a liquefied natural gas (LNG) ex...
Fri 17 Feb 2017 Chariot Targets 1 billion bbl off Morocco
Published: 20:00 on Fri 17 Feb 2017 in Oil Industry News.
UK independent Chariot Oil & Gas has been awarded a 75% interest and operatorship of the Kenitra offshore exploration permit, in Morocco.Chariot says Kenitra, together with the neighboring Mohamme...
Fri 17 Feb 2017 Saipem Awarded Onshore Drilling Contracts Worth $240 Million
Published: 19:00 on Fri 17 Feb 2017 in Oil Industry News.
In the Middle East, a strategic area for the Company, Saipem boosts its presence with a further important three-year extension to activities relating to six medium-sized onshore drilling rigs already ...
Fri 17 Feb 2017 Rosneft Begins Drilling First Exploration Well at Solimoes Project, Brazil
Published: 18:00 on Fri 17 Feb 2017 in Oil Industry News.
Rosneft Brasil (100% owned Rosneft subsidiary) started the drilling of the first exploration well in the Solimoes basin. Rosneft is commencing the next phase of the exploration program in the Amazon r...
Fri 17 Feb 2017 Kraken FPSO Hooked Up, On Track for Delivery of First Oil
Published: 17:00 on Fri 17 Feb 2017 in Oil Industry News.
The hook-up of the submerged turret production (STP) buoy mooring system to the FPSO was completed on Feb. 15, and a full rotation test performed so that the vessel is now on station and securely moor...
Fri 17 Feb 2017 Occidental Said to be Seeking Buyer for South Texas Assets
Published: 15:00 on Fri 17 Feb 2017 in Oil Industry News.
After exiting its Eagle Ford non-operated properties last year, the Houston-based company is selling the rest of its South Texas assets, from wells to staffed offices, said the people, who asked not t...
Fri 17 Feb 2017 Palestine Campaigners Oppose Israeli Takeover of North Sea Oil
Published: 14:00 on Fri 17 Feb 2017 in Oil Industry News.
As multi-million-pound deal is struck in the North Sea, Palestine groups question morality of Israeli-Aberdeen dealPRO-PALESTINIAN campaigners have responded angrily to the recent takeover of Ithica E...
Fri 17 Feb 2017 Something Must Give in Oil
Published: 12:00 on Fri 17 Feb 2017 in Oil Industry News.
As hedge funds and money managers place record trades on a rally in oil, the price itself has fallen asleep. Logic dictates that something should give. Here are five charts examining the unprecedented...
Fri 17 Feb 2017 Norway Still Risks Becoming Too Dependent on Oil Money Says Central Bank
Published: 11:00 on Fri 17 Feb 2017 in Oil Industry News.
Prime Minister Erna Solberg and Finance Minister Siv Jensen said spending in a normal year should be limited to three percent of the fund, down from the current four-percent rule, to take into account...
Fri 17 Feb 2017 Wintershall Submits Skarfjell Development Plan
Published: 10:00 on Fri 17 Feb 2017 in Oil Industry News.
Germany's Wintershall has submitted its Skarfjell field development plans to Norway's Ministry of Petroleum and Energy.The proposed solution, which was first revealed earlier this month, is a ...
Fri 17 Feb 2017 BREAKING: Ithaca Starts Production from North Sea Stella Field
Published: 09:00 on Fri 17 Feb 2017 in Oil Industry News.
Ithaca, which agreed to a USD646.0 million takeover by Israeli energy company Delek Group earlier this month, said production from the field and oil export to the adjacent shuttle tanker has started.T...
Fri 17 Feb 2017 CNR Confirm Decommissioning of North Sea Ninian North Platform
Published: 08:00 on Fri 17 Feb 2017 in Oil Industry News.
Canadian Natural Resources plans to start abandonment of the Ninian North platform in the UK northern North Sea later this year.The company made the announcement in a statement on its global reserves....
Fri 17 Feb 2017 Iraq's February Oil Sales Accelerate Despite OPEC Effort to Cut
Published: 06:00 on Fri 17 Feb 2017 in Oil Industry News.
Iraqi crude shipments rose 3% in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices.E...
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