Oil And Gas Industry News

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

ICD Posts IPO Pricing

Independence Contract Drilling announces the pricing of its initial public offering of 10 000 000 shares of common stock at 11 00 per share

Argentina s YPF Extends Energy Deal With China s Sinopec To 2027

YPF and a subsidiary of Sinopec Group agree to extend their joint oil exploration and development projects in the western Argentine province of Mendoza until 2027

Mexico Launches Special Police Force To Guard Economic Activity

Mexico launches a scaled back version of a new police force President Enrique Pena Nieto had vowed to create while on the campaign trail to safeguard businesses against rampant organized crime

Wood Mackenzie Shale to Keep US As Dominate Oil Gas Player

Shale formations are expected to keep the US in a prominent position over the next decade Wood Mackenzie says at NAPE

US Crude Falls Down For Fifth Week On Ample Supply

US crude oil futures fall for a fifth straight week of declines while Brent remains under pressure from a stronger dollar and plentiful supplies

US Steel Pipe Makers Win Key Anti Dumping Case Against Cheap Imports

The US has approved anti dumping duties against South Korea and other producers of steel pipes for the energy sector a victory for domestic producers hoping to benefit from the US shale boom

Building an International Technical Career with Shell

Senior Manager of Operations at the Shell Middle Distillate Synthesis plant Teo Mui Poh explains why she s been so happy in her 20 year career

Talisman To Proceed With Kurdistan Sale Despite Big Oil Find

Talisman says it still plans to sell its oil properties in Iraq s Kurdistan region even after its partner announced a massive oil discovery on its properties

Consultancy LatAm Attitude Shift Bodes Well for Upstream Investors

Two countries are at the leading edge of a new wave of upstream investment in Latin America observes Wood Mackenzie

Kemp Could Shale Revive China s Flagging Oil Fields

The need to find and develop more oil reserves is again urgent for China and hunting for more oil around the Daqing oil fields is one of its most promising options

UK Oil Output Threatened By Platforms Running Out Of Juice

The UK s oil industry is facing the threat of a cascade of North Sea rig closures

Sinopec Q2 Earnings Rise 36 Beat Forecast

Sinopec Corp posts a 36 rise in second quarter profit

Atlantic Farms Out PL528 Stake to Repsol

Repsol has agreed to buy a 6 stake in Norwegian production license PL528 528b from Atlantic Petroleum

Rosneft Signs Collaboration Deal with Seadrill NADL

Rosneft signs a framework agreement with Seadrill and North Atlantic Drilling that will see the companies collaborate on oilfield projects

AziPac to Acquire 25 Stake in Block 127 in Vietnam s Phu Khanh Basin

AziPac agrees to acquire 25 percent interest in Block 127 production sharing contract in the Phu Khanh Basin offshore Vietnam from Mitra Energy

Petrofac Chairman Resigns

Petrofac announces the resignation of its chairman Norman Murray

CEO OMV Pulls Staff From Kurdistan Ponders Crimea

OMV withdraws staff from Iraqi Kurdistan and is also waiting on what happens south of Crimea where the firm has plans with Exxon

Sources Sinopec Planning 1 5B Hong Kong IPO of Oilfield Services Unit

Sinopec is planning a 1 5 billion Hong Kong initial public offering for its oilfield services unit in the first half of 2015 people familiar with the matter said

Hibiscus Clears Australian FIRB s Hurdle to Take 25 Stake in Kitan Field

Hibiscus Petroleum moves nearer to completing its acquisition of a 25 percent stake in Kitan oil field after Australia s Foreign Investment Review Board raised no objections

Kan Tan IV Continues Drilling at Whio 1 Well in PEP 51313 Offshore Taranaki

Cue Energy provides update on drilling at Whio 1 well in permit PEP 51313 offshore Taranaki New Zealand

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