U.S. shale producer Continental Resources expects oilfield services costs to remain low in 2019 as companies that provide drilling and completion work continue to face pressure from softer oil prices, executives said during a company presentation on Tuesday…
Oil and gas commissioning and start-up specialist Magma Products announced Tuesday it has appointed Philip Tweedy as managing director.Tweedy, previously commissioning manager at Magma, will be responsible for day-to-day operations at the company’s Aberdeen…
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…
ABICOR BINZEL has announced their entrance into the Hard Automation arena with the launch of their first Welding Tractor product ABI-CAR.ABI-CAR Tractors, which will initially come in three models – including one with an oscillator feature,…
Exxon Mobil Corp has given final approval to an expansion that would nearly double the size of its 365,000 barrel-per-day (bpd) Beaumont, Texas, refinery, making it the largest in the United States, said two people familiar with the company's plans…
Mexico's finance ministry said on Monday that it will implement measures to strengthen the finances and boost the production of state oil firm Pemex, specifically by increasing the limit on deductions for costs related to extraction and exploration…
CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources estimated at close to 250 million barrels of oil equivalent…
European engineering and technology group SENER will be involved in a large floating offshore wind farm that COBRA is building 15 km offshore from the Scottish coast of Aberdeen.SENER's work will range from supervising the manufacture of the…
Lundin Petroleum, Europe's independent oil and gas exploration and production company with operations focused on Norway, has increased its stake in the major Rolvsnes oil discovery in the Norwegian North Sea, flagging a potential tieback eventually to its operated Edvard Grieg oil field…
Qatar’s energy minister Saad Sherida Al-Kaabi, who also serves as deputy chairman of Qatar Petroleum (QP), outlined plans to order 60 new liquefied natural gas (LNG) carriers.Reuters, quoting a statement issued by South Korea’s presidential office…
A new study by the consulting group SEA/LNG reveals “a strong investment case” for LNG as a marine fuel in the container shipping market.The study was commissioned from the independent simulation and analytics company Opsiana in order to provide…
U.S. oil producer SandRidge Energy has appointed industry veteran Paul McKinney as its next chief executive officer, it said on Monday.SandRidge last year ousted James Bennett as CEO after coming under pressure from activist investor Carl Icahn…
BP has invested further in artificial intelligence (AI) technology as part of an effort to accelerate project lifecycles, from exploration through to reservoir modeling.The super major announced Monday that its technology investment arm BP Ventures…
Faroe Petroleum announced Monday that it new directors have been appointed to lead the company after much of its executive team resigned following a hostile takeover by DNO.Faroe said Bjørn Dale has been appointed as Chairman and Ørjan Gjerde…
Italy's Eni and Austria's OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company's (ADNOC) refining business and establish a new trading operation owned by the three partners.The transaction, which expands ADNOC's access to European markets…
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