Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

Exxon Sticking With Capex Budget Around 37 Billion

The recent slide in crude oil prices is not affecting ExxonMobil s plans to spend 37 billion over the next several years

Global Petroleum Sees Progress with Licenses

Global Petroleum presses on with license renewals and applications offshore Italy East Africa and West Africa

Exxon Chevron Results Boosted by Refining as Oil Prices Slip

A surge in refining profits boosts quarterly results at Exxon Mobil and Chevron

Baker Hughes Launches SeismicTrak

Oilfield services firm Baker Hughes launches its SeismicTrak seismic while drilling service

Songa Completes 1 1B Loan Deal to Finance Rigs

Songa Offshore says it has completed the signing of a 1 1 billion credit facility to finance its last two Category D drilling rigs

Centrica Continues Boardroom Reshuffle with New British Gas Head

Centrica is to promote its current managing director of British Gas residential energy to head its entire British Gas business

Total s New boss Says Europe Must Fight Export Ban US Oil

Total s new CEO says the US oil export ban flouts free trade agreements and puts European and Asian refiners at a disadvantage

Indonesia s New Energy Chief Seeks to Shore Up Regulator

Appointing a permanent leadership at Indonesia s graft tainted energy regulator will be a top priority for the new government of Southeast Asia s largest oil producer the energy and mineral resources minister says

Sinopec Eyes Shale Boost Debt Reduction with 17 5B Stake Sale Cash

Asia s largest oil refiner Sinopec aims to use part of 17 5 billion in proceeds from a stake sale to boost shale gas production and lower debt

Wood Mackenzie Thailand s Upstream Outlook at Risk from Fiscal Reforms

Wood Mackenzie discusses how the calls for tougher fiscal policies in Thailand may risk future exploration activity in the country

FEEC Further Extends Maturity Date of Loan Facility with SCB

Far East Energy Corp operator of Shouyang coalbed methane block in China s Shanxi province further extends the maturity date of its existing loan facility with Standard Chartered Bank

CGG Secures 3D Seismic Contract for WA s Offshore Permit WA 503 P

CGG secures 3D seismic contract from Neon Energy for exploration permit WA 503 P offshore Western Australia

Karoon Plans 150M Brazil Oil Well Drilling Plan Seeks Partner

Karoon Gas Australia is trying to sell a stake in its Brazilian offshore oil exploration blocks as it plans to start a 120 million to 150 million drilling program its top South American executive says

Oilex Progresses Proof of Concept Objectives for Cambay 77H Well in Gujarat

Oilex makes progress in achieving the proof of concept objectives for Cambay 77H well in Gujarat India

Exoma Energy Withdraws from Galilee JV Exploration Permits in Queensland

Exoma Energy withdraws from the Galilee Joint Venture exploration permits in Queensland Australia

Seabird s Hawk Explorer Lands 12M Seismic Survey Contract in Asia Pacific

Seabird s Hawk Explorer vessel lands a 12 million contract for 2D seismic survey in Asia Pacific

Marriage of Analytics Engineering First Principles Needed in Oil and Gas

The oil and gas industry needs a marriage of data driven analytics and the first principles concept of engineering an industry expert and author tells Rigzone

Oil Slips On Dollar Rate Fears After 2 day Gain Brent Below 87

Oil prices closed down 1 resuming their downtrend after a two day climb

Enhanced Oil Recovery Prospects for Thermal EOR

In its final article focused on enhanced oil recovery research firm Visiongain looks at where thermal EOR is likely be used in the future

Total s New Boss Says Europe Must Fight US Oil Export Ban

The new head of Total challenged Europe to fight Washington over the US oil export ban in his first public appearance since his predecessor

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