Oil And Gas Industry News

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

Ocean Installer Establishes Subsea Construction Services Base in Perth

Ocean Installer establishes office in Perth Australia to meet demand for subsea construction services in Asia Pacific and Oceania

Emas Offshore Posts 39 3 Increase in Net Profit for FY 14 to 54 7M

Ezra Holding s subsidiary EMAS Offshore posts a four fold increase in net attributable profit for financial year that ended Aug 31

InterOil Provides Update on Raptor 1 Bobcat 1 Exploration Drilling in PNG

InterOil provides update on exploration drilling program at permits PPL 475 and PPL 476 in Papua New Guinea

Savanna Inks 63 4M Rig Supply Deal for Australia s East Coast LNG Project

Savanna Energy Services inks 63 4 million deal to supply four drilling rigs for a liquefied natural gas project in the east coast of Australia

Polarcus to Commence 3D Survey Over Roebuck Basin Offshore NWS

Polarcus will commence 3D survey over the Roebuck Basin offshore NorthWest Shelf Australia

Keppel O M s Net Profit Grows 17 to 201 5M in 3Q 2014

Keppel O M s net profit grows 17 percent to 201 5 million in the third quarter of 2014 compared to 172 million a year ago

NSE Divests Part of its Interest in Cooper Basin s Permit PEL 570 to Santos

New Standard Energy divests part of its interest in permit PEL 570 in the Cooper Basin South Australia to Santos

InterMoor Completes Mooring Work for COOEC at China s Panyu Enping Fields

InterMoor completes two offshore moooring projects for China s COOEC at Panyu and Enping fields in the Pearl River Mouth basin South China Sea

6 Mistakes to Avoid When Investing in Natural Gas

Unfortunately there s no way to know what the future will bring but there is a way to maximize your chances of investing success Check out these six mistakes to avoid when you invest in natural gas

Oil Dives After Big US Weekly Crude Stock Build

Oil prices fall sharply with US crude approaching 80 a barrel after data shows a second big jump in weekly US crude stockpiles

Denton To Vote To Ban Fracturing On November 4

The citizens of Denton will be voting Nov 4 whether or not to ban hydraulic fracturing

PMI Energy Services Sets Up New Shorebase in Morgan City

PMI Energy Services opens a shorebase in Morgan City Louisiana focused on supporting shelf coastal and inland waters production and drilling activities

Amerisur To Add Exploration License in Colombia

Amerisur presents to ANH a request for a partial assignment of interest rights and obligations in the exploration contract Put 30

Colombia Could Lower Oil Price Projections For 2015 And 2016

Colombia may revise down its projections for the price of oil in 2015 and 2016 Finance Minister Mauricio Cardenas says

Famed Texas Oilman Nelson Bunker Hunt Dead At 88

Nelson Bunker Hunt the Texas oilman once considered the world s richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market dies at age 88

Shale Activity Creating Need for Updated Data Management Systems

Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations

Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks

Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies a senior energy ministry official says

Official Kazakh Oil Output To Rise With Kashagan After 2020

Kazakhstan expects annual oil output to reach as high as 100 million tonnes after 2020 when the giant Kashagan oilfield resumes pumping

Contract Driller Nabors Revenue Rises On US Shale Spending

Nabors reported a 17 rise in revenue its highest increase in nine quarters as it benefited from strong spending in US shale fields

Russia s Lukoil Says West Qurna 2 Pumps Over 320 000 Bpd

Lukoil says it is producing more than 320 000 barrels per day at its Iraqi West Qurna 2 field

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