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Oil Prices Reach 2019 Highs
Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions.Brent crude oil futures were up 16 cents at $67.70 a barrel at 1415 GMT, having earlier risen to a 2019 peak of $68.20, their highest since November 2018.U.S.
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US Lease Sale a Test for Drilling Demand
The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The outcome of the lease sale will provide the last big signal from the industry about their interest in U.S.
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Oil Majors Rush to Dominate US Shale
In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry's notorious boom-and-bust cycles.Workers at its Remuda lease near Carlsbad - part of a staff of 5,000 spread across New Mexico and Texas - are drilling wells…
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Murphy Oil Sells Malaysian Assets
Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer, PTT Exploration and Production Public Co Ltd…
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The Decommissioning, Marine Life Connection
Data sharing and better understanding of how marine life interacts with manmade structures is the target for the next phase of the Insite program.What to do with offshore structures is a sticky problem for oil companies, regulators and policy makers alike, as many structures are starting to cease production in the North Sea…
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Aoka Mizu FPSO Hooks Up to Lancaster Field
Hurricane Energy's floating production, storage and offloading (FPSO) vessel has been connected to the group's North Sea Lancaster oilfield…
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Rising US Oil Clout on Show in Houston
A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question…
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US Rig Count Lowest Since April 2018
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year…
Latest news
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US Rig Cuts Continue
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a…
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Archer CEO Lechner Resigns
Oil services company Archer Limited announced Friday that CEO John Lechner has resigned from his position, effective immediately.Lechner…
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Mexico Could Pay Pemex Debt from Stabilization Fund
Mexico's deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income…
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Schlumberger, Rockwell Form Automation JV
Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed…
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MOSI Anti-Fouling Coatings for Barnacles and Zebra Mussels
Marine organisms such as barnacles and zebra mussels have been a long-standing nuisance to ship hulls, causing exterior damage…
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Anadarko Mulls 16 LNG Charters for Mozambique
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need…
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Ophir Agrees to be Bought by Medco
London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened…
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Energean Facing Delays at Epsilon
Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and…
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EnQuest to Focus on Cutting Debt as Profits Jump
North Sea focused oil producer EnQuest on Thursday committed to continue efforts to cut its $1.77 billion debt this year…
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GoM Lease Bids Hit $244mln
Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters…
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Polish LNG Terminal Gets EU Grant
Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund…
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Høglund to Supply FGSS for Hurtigruten
Høglund, the marine solutions and system integration company, has been awarded a contract to deliver biogas-ready fuel-gas…
Offshore Oil & Gas
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Norway Oil Exploration Refunds Are Not State Aid -ESA
Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid…
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Tennet: EIA for Offshore Wind Farm
Tennet has commissioned Arcadis and Pondera to carry out an environmental impact assessment (EIA) work and permit applications…
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Seismic Shoot Offshore South Africa Begins
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, has announced the…
Shale Oil & Gas
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Mexico to Invite 4 Firms to Bid on Pemex Oil Refinery
The Mexican government will invite four companies to bid in a restricted tender for work building the new Dos Bocas refinery…
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U.S. Drillers Cut Rigs to Lowest Level since May
U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months…
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Oil Drops 3 pct, U.S. Supply Surges
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job…
LNG
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Exxon Mulls FEED for Far East LNG Project
Exxon Mobil's Russian unit may take a decision this year on the Front End Engineering Design (FEED) for its Far East Liquefied Natural Gas project wit
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Petronas FLNG Relocates to Sabah
Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said on Wednesday it had relocated its floating liquefied natural gas facility to the
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BP, ExxonMobil in Alaska LNG Deal
Alaska Gasline Development Corp (AGDC) has signed an agreement with BP and Exxon Mobil to help advance the state-owned company's…
Renewables
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Shell Bids to Build Dutch Offshore Wind Farms
Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, th
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Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea…
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VA Offshore Wind: A Strong Foundation
Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including…
Technology
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EMEC Tidal Lease Extended
The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown…
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Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
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Ballard Joins H2Ports Project
Ballard Power Systems Europe is providing technology to H2Ports project which will see Valencia’s port in Spain become the…
Legislation
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Orsted Seeks Ways to Avoid Brexit Tariffs
Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British…
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Ven's Blackout Halts Oil Exports From Primary Port
Venezuela's state-run oil firm PDVSA has been unable to resume crude exports from its primary port since last week's massive power outage…
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NOIA Applauds Wheeler’s Confirmation
NOIA President Randall Luthi released the following statement after the Senate voted to confirm Andrew Wheeler as the Environmental…
