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US GoM Oil Production Off 32% from Storm

Oct 12, 2018

U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies…

US Drillers Add Oil Rigs for First Week in Four

Oct 12, 2018

The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks.Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General…

LOOP Resumes Normal Operations After Storm

Oct 12, 2018

The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said it resumed normal operations at its Marine Terminal on Thursday after operations were suspended ahead of Hurricane Michael.Major oil…

LNG Report: Floating Liquefaction & Regasification

Oct 11, 2018

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals.   The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…

Water at Fukushima Site is Still Radioactive

Oct 11, 2018

The owner of the Fukushima nuclear plant, destroyed by an earthquake and tsunami more than seven years ago, said water treated at the site still contains radioactive materials that for years it has insisted had been removed.The admission by…

Venezuela Sets New Wages for Oil Workers

Oct 10, 2018

Venezuela on Wednesday increased wages for workers at state energy company PDVSA after employees staged small protests to decry meager salaries amid the OPEC nation's economic meltdown.Socialist President Nicolas Maduro in August unexpectedly…

Baker Hughes is Exploring Advanced Manufacturing with AFRC

Oct 10, 2018

The University of Strathclyde’s Advanced Forming Research Center (AFRC) and Baker Hughes, a GE company (BHGE), have joined forces to explore how some of the latest advanced manufacturing tools and processes can drive more efficient, smarter…

Japanese Firms Sign Deals to Buy from LNG Canada

Oct 10, 2018

Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

Storm Shuts Nearly 40% of US GoM Oil Output

Oct 09, 2018

Nearly 40 percent of daily crude oil production was lost from offshore U.S. Gulf of Mexico wells on Tuesday due to platform evacuations and shut-ins ahead of Hurricane Michael.Since Monday, oil producers, including Anadarko Petroleum Corp, BHP Billiton…

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

Oct 09, 2018

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…

Pemex Announces 7 New Crude Finds

Oct 09, 2018

Mexican state oil firm Pemex said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields.Pemex, which has been struggling with declining output for over a decade…

Pemex to Announce Light Crude Finds in Gulf of Mexico

Oct 09, 2018

Mexican state oil firm Pemex will on Tuesday announce findings of light crude in seven fields in the Gulf of Mexico, two people familiar with the matter told Reuters.Carlos Trevino, chief executive officer of Pemex told Mexican radio late on…

British North Sea Oil Costs, Spending on the Rise

Oct 09, 2018

The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017, the country's regulator for the sector said on Tuesday.Overall operating…

U.S. Crude Rises as One-fifth of Oil Production Lost Ahead of hurricane

Oct 09, 2018

U.S. crude prices were modestly higher on Tuesday as nearly one-fifth of daily oil production was lost from offshore Gulf of Mexico wells due to Hurricane Michael.Oil producers including Anadarko Petroleum Corp, BHP Billiton, BP and Chevron…

Current News

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

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