Industry News

Sembcorp Marine’s Brazilian shipyard delivers new FPSO to Petrobras

17 September 2019, 6:33am
Sembcorp Marine’s Brazilian shipyard, Estaleiro Jurong Aracruz, has completed an FPSO project for Petrobras.  ...
Read more... (source: feedproxy.google.com)


Equinor finds gas in Norwegian Sea well

17 September 2019, 6:16am
Norwegian oil and gas company Equinor has found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.  ...
Read more... (source: feedproxy.google.com)


Norwegian regulator moves to block Prosafe-Floatel merger

16 September 2019, 2:31pm
The transaction involves the two closest competitors in the Norwegian market for offshore accommodation services ...
Read more... (source: feedproxy.google.com)


BP awards ‘key contracts’ for $6 billion worth Caspian Sea project

16 September 2019, 2:19pm
Oil major BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s... ...
Read more... (source: feedproxy.google.com)


Report: Tamarind halts Tui drilling after disagreement with COSL

16 September 2019, 2:06pm
Tamarind Resources has reportedly put its New Zealand offshore drilling plans to a halt after being unable to reach an agreement with offshore drilling contractor COSL. ...
Read more... (source: feedproxy.google.com)


Impact of Saudi oil attack on crude flows will depend on duration of outage, Rystad says

16 September 2019, 1:56pm
Oil prices on Monday saw the biggest surge since 1991 following a drone attack on the state-owned Saudi Aramco's oil processing facility in Saudi Arabia, according to Reuters. The attack has shut... ...
Read more... (source: feedproxy.google.com)


EIA releases plant-level U.S. biodiesel production capacity data

16 September 2019, 1:00pm
On September 13, the U.S. Energy Information Administration (EIA) released its first annual U.S. Biodiesel Plant Production Capacity Report. The report includes the total biodiesel production capacity for all operating plants in both million gallons per year (gal/y) and barrels per day (b/d) as of January 1, 2019. The names of the reporting plants are organized by Petroleum Administration for Defense Districts (PADD). Like the Ethanol Plant Production Capacity Report, EIA plans to update the report annually.
Read more... (source: www.eia.gov)


ExxonMobil makes 14th discovery on Stabroek Block

16 September 2019, 12:20pm
ExxonMobil has made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. ...
Read more... (source: feedproxy.google.com)


Vaalco seeks London listing ‘to support growth strategy’

16 September 2019, 9:21am
Houston-based oil and gas company Vaalco Energy has revealed its intention to list on the main market of the London Stock Exchange (LSE) to broaden shareholder base and access future capital to... ...
Read more... (source: feedproxy.google.com)


Gardline wraps up Barryroe site survey for Providence

16 September 2019, 8:44am
Gardline has completed its survey activities over two locations on the Providence Resources-operated Barryroe oil accumulation located offshore Ireland.  ...
Read more... (source: feedproxy.google.com)


Failure of rig’s mooring chains hampers Cooper’s well plans

16 September 2019, 7:23am
Cooper Energy has decided to cut short its drilling program offshore Australia due to failure of two mooring chains on a Diamond Offshore-owned rig, which was being used for drilling operations. ...
Read more... (source: feedproxy.google.com)


Kvaerner eyes growth in new areas within oil and gas and renewable industries

16 September 2019, 6:57am
Norwegian engineering and construction services company Kvaerner has established two new focus areas to grow its operations within both oil and gas projects and in renewable industries. ...
Read more... (source: feedproxy.google.com)


Shearwater awarded its first survey in Colombia

16 September 2019, 6:34am
Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol. ...
Read more... (source: feedproxy.google.com)


Repsol gains consent to use Rowan Viking rig on Yme field

16 September 2019, 6:24am
Spanish oil company Repsol has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), to use the Rowan Viking jack-up rig on the Yme field offshore Norway. ...
Read more... (source: feedproxy.google.com)


Oilex enters exclusivity agreement for three Irish Sea discoveries

16 September 2019, 6:20am
Oil and gas exploration and production company Oilex has entered into an exclusivity agreement with Koru Energy for a potential acquisition of up to a 50 percent interest in three licenses in the... ...
Read more... (source: feedproxy.google.com)


Tullow opens new oil play with second discovery offshore Guyana

16 September 2019, 6:18am
Tullow Oil has made a second oil discovery offshore Guyana. The Joe-1 exploration well has opened a new Upper Tertiary oil play in the Guyana basin. ...
Read more... (source: feedproxy.google.com)


Noble Corporation chief financial officer resigns

16 September 2019, 6:14am
Senior vice president and chief financial officer (CFO) of offshore driller Noble Corporation has resigned from the company. ...
Read more... (source: feedproxy.google.com)


SeaBird wins OBN project work in Asia Pacific region

16 September 2019, 6:00am
SeaBird Exploration has received a letter of award to provide a source vessel for an upcoming OBN project in the Asia Pacific region. ...
Read more... (source: feedproxy.google.com)


U.S. weekly offshore rig count down to 26

16 September 2019, 5:33am
The number of offshore rigs in the U.S. decreased to 26 units this week, according to weekly rig count reports published on Friday by Baker Hughes, a GE company. ...
Read more... (source: feedproxy.google.com)


Oil Jumps Most on Record After Attack

16 September 2019, 12:00am
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about five percent of global supplies.
Read more... (source: www.rigzone.com)


India Poised to Become a Huge Market for US Gas?

16 September 2019, 12:00am
Indian PM Narendra Modi's upcoming visit to Houston is fueling speculation the nation will further tap America's shale gas boom.
Read more... (source: www.rigzone.com)


Saudi Disruption Makes Canada's Largest Refinery Vulnerable

16 September 2019, 12:00am
Now, Irving may have to pay up for its crude.
Read more... (source: www.rigzone.com)


Oil Prices Surge After Attack on Saudi Facility

16 September 2019, 12:00am
Oil market-watchers ponder how quickly Saudi Arabia can restore lost production.
Read more... (source: www.rigzone.com)


ExxonMobil Hits More Oil Pay Offshore Guyana

16 September 2019, 12:00am
Tripletail is the 14th Stabroek Block discovery.
Read more... (source: www.rigzone.com)


How to Reuse and Recycle More Produced Water in Texas

16 September 2019, 12:00am
Texas has been a forerunner in produced water management, but more needs to be done, a white paper's authors contend.
Read more... (source: www.rigzone.com)


Energy Transfer to Buy SemGroup in $5B Deal

16 September 2019, 12:00am
Energy Transfer LP plans to acquire Tulsa, Okla.-based SemGroup Corp. in a deal worth about $5 billion, including debt.
Read more... (source: www.rigzone.com)


Offshore Guyana Twice as Nice for Tullow

16 September 2019, 12:00am
Tullow and partners Total and Eco (Atlantic) have hit oil pay at Joe-1.
Read more... (source: www.rigzone.com)


Basic Energy Services CEO Resigns

16 September 2019, 12:00am
Basic Energy Services CEO T.M. "Roe" Patterson is leaving the company after 14 years.
Read more... (source: www.rigzone.com)


Noble CFO Resigns

16 September 2019, 12:00am
Noble's senior vice president and chief financial officer has resigned.
Read more... (source: www.rigzone.com)


Analysts React to Saudi Oil Attack

16 September 2019, 12:00am
Analysts have their say on the development.
Read more... (source: www.rigzone.com)


Iran to Release UK Flagged Oil Tanker

16 September 2019, 12:00am
Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months.
Read more... (source: www.rigzone.com)


Aramco Forges Ahead With IPO Work After Attacks

16 September 2019, 12:00am
Despite recent facilities attacks, it's business as usual for the bankers hired to sell a piece of Saudi Aramco.
Read more... (source: www.rigzone.com)


Popular news, September 9 – 15, 2019

15 September 2019, 6:00am
The most popular news of the week. ...
Read more... (source: feedproxy.google.com)


US Oil Firms Set to Gain from Saudi Disruption

15 September 2019, 12:00am
Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia's facilities over the weekend and an attendant rise in crude prices.
Read more... (source: www.rigzone.com)


Coal shipments to the U.S. power sector continue to fall

13 September 2019, 1:00pm
Nearly 600 million short tons (MMst) of coal was shipped to the U.S. electric power sector in 2018, the lowest level since 1983. According to the U.S. Energy Information Administration (EIA) power sector surveys, more than 75% of the coal delivered to the power sector last year was shipped either completely or in part by rail; the remainder was shipped by river barge, truck, and other methods.
Read more... (source: www.eia.gov)


Oil tanker catches fire at Equinor’s Sture terminal

13 September 2019, 11:23am
Equinor's emergency response center on Friday received reports of a fire in the engine room of the tanker Dubai Harmony. The ship is moored at the quayside at the Sture terminal in Øygarden... ...
Read more... (source: feedproxy.google.com)


Vaalco kicks off drilling campaign offshore Gabon

13 September 2019, 11:17am
Vaalco Energy has started its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon. ...
Read more... (source: feedproxy.google.com)


Court date set for Emas Offshore’s judicial management

13 September 2019, 10:34am
A judicial management application for Singapore’s struggling offshore vessel operator Emas Offshore will be heard by the high court of the Republic of Singapore later this month. ...
Read more... (source: feedproxy.google.com)


Repsol’s Gyda incident ‘could have resulted in loss of life’

13 September 2019, 10:03am
The PSA has completed an investigation into an incident involving a dropped object and personal injury on the Gyda field in the North Sea. ...
Read more... (source: feedproxy.google.com)


Non-OPEC liquid production to continue reaching record highs in 2020, Rystad says

13 September 2019, 9:55am
Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d), according to Rystad Energy.  ...
Read more... (source: feedproxy.google.com)


Crondall to deliver concept select study for Pharis Energy’s Pilot field

13 September 2019, 7:26am
Crondall Energy has been awarded a contract by Pharis Energy to deliver the concept select study for the operator’s heavy oil Pilot field development in the Central North Sea. ...
Read more... (source: feedproxy.google.com)


Weatherford lands largest ever fishing and intervention contract

13 September 2019, 7:07am
Oilfield service company Weatherford has signed an $87 million contract for fishing and intervention services with Brazilian oil company Petrobras. ...
Read more... (source: feedproxy.google.com)


New CEO to take the helm at Magseis Fairfield

13 September 2019, 6:49am
Magseis Fairfield has appointed Carel Hooijkaas as Chief Executive Officer effective October 1, 2019, succeeding Per Christian Grytnes who will retire from the company. ...
Read more... (source: feedproxy.google.com)


Woodside takes interest in seismic data acquisition company

13 September 2019, 6:26am
Woodside has signed a shareholders agreement with Perth-based Blue Ocean Monitoring (BOM) to invest in Blue Ocean Seismic Services. ...
Read more... (source: feedproxy.google.com)


Tap Oil closes sale of Australian and New Zealand portfolio

13 September 2019, 6:11am
Tap Oil has completed the sale and purchase agreement with Kensington Energy and has sold its residual Australian and New Zealand portfolio to Kensington. ...
Read more... (source: feedproxy.google.com)


Schlumberger, IHS Markit team up to provide E&P datasets

13 September 2019, 5:34am
Oil services company Schlumberger has established a strategic collaboration between its seismic and geophysical data solutions division WesternGeco and global information provider IHS Markit. ...
Read more... (source: feedproxy.google.com)


Trump Tentatively Agrees to Boost Biofuel Quota

13 September 2019, 12:00am
The White House plans to boost biofuel quotas in order to offset refinery waivers.
Read more... (source: www.rigzone.com)


Oil Prices Down for the Week

13 September 2019, 12:00am
WTI and Brent futures declined for the fourth straight trading day Friday.
Read more... (source: www.rigzone.com)


US Loses Another Dozen Oil, Gas Rigs

13 September 2019, 12:00am
The nation's number of active rigs dropped by 12 this week.
Read more... (source: www.rigzone.com)


India Considers Selling Refining Stake to Overseas Oil Firm

13 September 2019, 12:00am
India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp.
Read more... (source: www.rigzone.com)


Gas Prices Could Return to Disco-Era Levels

13 September 2019, 12:00am
A vestige of the era of disco, bell-bottoms and stagflation could be making a comeback next year.
Read more... (source: www.rigzone.com)


Venezuela Cannot Find Vessels to Ship Its Oil

13 September 2019, 12:00am
Exports of sanction-hit Venezuelan oil now face a new concern.
Read more... (source: www.rigzone.com)


U.S. natural gas production reaches a new record despite low prices

12 September 2019, 1:00pm
U.S. natural gas production continued to increase in August, setting a new daily production record of 92.8 billion cubic feet per day (Bcf/d) on August 19, 2019, according to estimates from IHS Markit. Natural gas production also set a new monthly record in August, averaging more than 91 Bcf/d for the first time. In the latest Short-Term Energy Outlook (STEO), released on September 10, 2019, the U.S. Energy Information Administration (EIA) forecasts dry natural gas production to average 93.4 Bcf/d from September through the end of the year. U.S. natural gas production increased by 7.1 Bcf/d (8%) between August 2018 and August 2019, led by production gains primarily in the Northeast.
Read more... (source: www.eia.gov)


The nonmetallic minerals industry is one of the world’s top energy users

11 September 2019, 1:00pm
The industrial sector is the largest energy end-use sector by consumption in the world, accounting for about 55% of world delivered energy in 2018, according to the International Energy Agency. In the industrial sector, the nonmetallic minerals industry is one of the largest energy users, accounting for 10% of global industrial sector energy use. The nonmetallic minerals industry uses a large amount of process heat (primarily in ovens and kilns), which links the industry to the global energy system.
Read more... (source: www.eia.gov)


Time between drilling and first production has little effect on oil well production

10 September 2019, 1:00pm
According to North Dakota production data, the length of time that an oil well has been drilled but remains uncompleted—meaning it has not yet started producing—has little effect on its initial production level. Oil wells are sometimes drilled but remain uncompleted for other operational or economic reasons. The North Dakota data provides insights into oil well completion practices.
Read more... (source: www.eia.gov)


*Please note: CGEF is not affiliated with any of the included websites or news organizations. Links are provided for convenience only.