Oil And Gas Industry News

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

BSEE Fieldwood Investigating Explosion from Maintenance on Echo Platform

An investigation is underway into a maintenance incident that killed one worker and injured three on a Gulf of Mexico platform

Oil Up First Time in 8 Weeks on China Rate Cut OPEC Expectations

Oil prices rise for their first weekly gain in two months with benchmark Brent crude returning to above 80 a barrel after a rally triggered by China s interest rate cut and speculation of an OPEC output cut

Pennsylvania Benefits from Oil Gas Extraction in the State

Oil and gas drilling in Pennsylvania is creating thousands of new jobs and providing funds to the state for infrastructure improvements

Pryor to Retire from ExxonMobil

Stephen D Pryor president ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation elects to retire on January 1 2015 after more than 44 years of service

OPEC Panel Reviews Oil Outlook in a Start to Talks on Oversupply

A panel of national representatives review OPEC s oil market outlook for 2015 preparing the ground for a policy setting meeting next week that will decide how to address a looming oversupply of crude

Oil Companies New Math Makes Them Look Bigger in Texas

Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill

Brazil s Rousseff Struggling to Limit Petrobras Scandal s Damage

President Dilma Rousseff expects a bribery scandal at state run oil company Petrobras to deteriorate in coming months aides say with arrests possible for some political allies and potentially serious damage to an economy that is already struggling

Mobil App Launched for West Africa Travel

A new mobile app has been launched to provide oil and gas companies with essential information for employees travelling to West Africa

Ocean Installer Wins Delta House SURF Contract

Ocean Installer wins a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project in the Mississippi Canyon Area of the U S Gulf of Mexico

EY Global O G M A Outlook Cautiously Optimistic

Despite an increasingly stable global economy resilient equity markets and corporate earnings confidence the global oil and gas M A landscape remains only cautiously optimistic according to a recent EY Survey

Russia s Lukoil to Invest in Nigerian Project with Chevron

Russia s second largest oil company privately controlled Lukoil plans to invest in Nigeria with U S oil major Chevron Corp part of its push to seek opportunities away from Russia s state dominated oil sector

Report Bird Needs 3 Mile Buffer From Drilling

A government study with significant implications for the U S energy industry says the breeding grounds of a struggling bird species need a 3 mile or larger buffer from oil and gas drilling wind farms and solar projects

Energy Minister Russia Mulls Oil Output Cut No Decision Yet

Russia may cut oil production to shore up flagging prices but its ability to change output is limited and no decision has been made yet its energy minister said underlining Moscow s desire for a higher oil price

Exxon Mobil in Final Talks with Ivory Coast Over Two Oil Blocks

Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra deepwater blocks in the Gulf of Guinea a senior official with the country s energy ministry tells Reuters

Ophir Energy Offers to Buy Salamander in SE Asia Push

British oil and gas explorer Ophir Energy offers to buy Salamander Energy Plc for 267 million pounds 419 million to expand in southeast Asia

Statoil Takes 350M Hit on Angola Exploration Halt

Norway s Statoil is halting exploration in Angola after poor drilling results retreating from an offshore area it had high hopes for and capping a poor year for exploration

Snoozebox Wins Workforce Hotel Deal with Premier Oil

Snoozebox to provide an 80 bedroom temporary workforce hotel to Premier Oil

Technip Wins Brazilian Flexible Pipe Deal

French oilfield services firm Technip wins a deal to supply high tech flexible pipes to the Iracema North pre salt field offshore Brazil

Official Indonesia Favors Pertamina to Operate Mahakam Block After 2017

Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E P Indonesie expires in 2017 an energy ministry official says

Cue Energy Farms in for 12 5 Stake in Mahato PSC in Sumatra

Cue Energy signs agreement with Bukit Energy to farm in for a 12 5 percent stake in the onshore Mahato production sharing contract in central Sumatra Indonesia

« : ‹ : [1] : › : »