Oil And Gas Industry News

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

Minister Indonesia Expects Total to Make Decision on Mahakam within Days

Total will decide over the next few days how much interest it will retain from 2018 in Indonesia s offshore Mahakam oil and gas block according to the country s energy minister

Oil Drops on Rising U S Rig Count

Oil prices fall as a rising US rig count stokes fears of global oversupply

UK s Centrica Extends North Morecambe Gas Field Outage by 6 Hours

Centrica extends the duration of an unplanned outage at its North Morecambe gas field offshore UK by six hours

Subsea 7 Secures Emergency Pipeline Repair Contracts Off Australia

Subsea 7 secures four contracts from Chevron and Inpex for the engineering procurement and construction of an emergency pipeline repair system offshore Australia

Oil Oversupply Meets Rising Demand in Quietest Market Since 2013

The sleepiest oil market since 2013 will probably limp through the second half of the year as well

Technip Samsung Consortium Bag 2 Deals from Shell for Browse FLNG Project

The Technip Samsung consortium bags two contracts from Shell for the Browse floating liquefied natural gas project offshore Western Australia

Samsung Heavy Industries Clinches 4 7B Contract to Build 3 FLNGs for Shell

South Korea s Samsung Heavy Industries clinches a 4 7 billion contract to construct three floating liquefied natural gas facilities for Shell

Petrobras Rig Supplier Said Close to Getting 4 Billion Loan

Sete Brasil the oil rig supplier embroiled in Brazil s biggest graft scandal expects to secure 4 billion in fresh funding to finish work on some rigs says a person with direct knowledge of the matter

Australia s Drillsearch Looking Globally for New CEO to Succeed Brad Lingo

Australia s Drillsearch Energy is looking globally for a new CEO after Brad Lingo s departure

Origin Energy Evaluating Drilling Results of Yolla 5 Well in Bass Straits

Origin Energy is evaluating drilling results of the Yolla 5 development well in permit T L1 in Bass Strait offshore Australia

Cosco Agrees to Defer Delivery of a Semisub Floatel to Axis Offshore

China s Cosco Qidong agrees to defer delivery of a semisubmersible floatel to Axis Offshore to 2016 a year later than planned

PRL 15 JV Selects Key Infrastructure Sites for Elk Antelope LNG Project

The PRL 15 Joint Venture selects key infrastructure sites for the Elk Antelope gas field development in Papua New Guinea

Baker Hughes US Oil Rig Count Rises For First Time Since December

US oil drilling this week increases for the first time after 29 weeks of declines data show

Oil Flat As US Rig Count Rise Cools Gains Gasoline Jumps

Crude oil prices end little changed as the first weekly gain in the US rig count this year pared earlier gains

FourPoint Acquires Chesapeake s Western Anadarko Assets

Chesapeake Energy sells western Anadarko assets to FourPoint Energy for 840 million

USGS Study Highlights Water Usage in Hydraulic Fracturing

USGS releases first nationwide map of water usage for hydraulic fracturing

US Jobs Report Mining Jobs Down Modest Gains in Engineering Services

June s jobs report shows a decline in mining jobs and modest gains in engineering services

Gulf Marine Services Expands Fleet

Although offshore support solutions for the oil gas and renewable energy industries might be seen as a very niche business one company in the UAE has made this space all its own

San Leon Signs Morocco Onshore Rig Contract

San Leon Energy signs a rig contract for the drilling of the El Aaiun 4 well on the Tarfaya license onshore Morocco

Shale Drillers Lose Most Precious Asset the 90 Hedge

The insurance that producers bought before the collapse in oil much of which guaranteed minimum prices of 90 a barrel or more is expiring

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