Oil And Gas Industry News

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

Natural Gas Flaring In Bakken Reduced Following New Regulations

A month after implementing new rules regarding the flaring of natural gas the state of North Dakota was near compliance with the new limits as drillers in the Bakken work to reduce flaring

Brent Oil Ends Week Flat Pausing Rout as US Contango Looms

Brent oil prices fell but were little changed on the week as traders caught their breath from a months long rout even as signs of rising global supply and a U S contango structure threatened deeper losses

Petrobras Makes Discovery in Espirito Santo Basin

Petrobras announces the discovery of a hydrocarbon accumulation in deep waters of the Espirito Santo Basin

Spain Appeals Planned Canary Island Vote On Oil Drilling

Spain s government launches an appeal in the Constitutional Court seeking to halt a Canary Islands referendum next month Deputy Prime Minister Soraya Saenz de Santamaria says

Chesapeake Oilfield Services Pulls IPO Plans

Chesapeake Oilfield Services says it would withdraw its plans for an initial public offering

Mexico s Pemex 3Q Loss Widens On Lower Crude Output Prices

Pemex reports a sharply deeper 3Q loss on falling crude output and prices the company says in a filing with the Mexican stock exchange

Statoil Takes Reins at Offshore AU Permit

Statoil continues to expand in Australia with the award of 100 equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia

Continental Confirms Productivity of Springer Play

Continental confirms potential of its Springer play with results from individual delineation wells

Impact Scores a New License off West Africa

Impact Oil and Gas wins a new exploration license covering the AGC Profond block offshore Senegal and Guinea Bissau

Study Oil Gas Drilling Activities Provide Major Economic Stimulus for US

Oil and gas exploration and production account for much of the growth in employment and economic activity across the country an analytical study said

WoodMac US to Achieve Energy Independence by 2025

Higher production and lower demand are driving the United States on the path to energy independence by 2025 according to Wood Mackenzie

Inside BP s Upstream Learning Center

Rigzone takes a look around BP s new Upstream Learning Center in Sunbury near London

Contractors Shift Focus In Changing Australian Industry

With the development phase of Australia s LNG industry starting to slow contracting companies operating in the country are diversifying into new areas of service

ConocoPhillips Outage Ends at Britain s J Block Gas Field

An unplanned outage at ConocoPhillips J Block gas field in Britain s North Sea has ended the operator says

CEO Russia s Rosneft Will Continue Drilling In Arctic

Russia s largest oil producer Rosneft will continue to drill in the Arctic Kara Sea on its own after the departure of ExxonMobil

Oilfield Discovered Onshore UK near London s Gatwick Airport

Several UK focused oil explorers believe there at up to 20 million barrels of oil at a new field discovered near Gatwick Airport in southern England

China s Top Diplomat to Visit Vietnam Again Amid Sea Dispute

Chinese diplomat visits Vietnam over oil rig operating in part of the South China Sea that both countries claim

Ophir Energy Expands Offshore Gabon Footprint

Ophir Energy acquires two more blocks for exploration and production offshore Gabon

Brent Up Almost 3 Biggest Gain Since June On Reported Saudi Cut

Brent crude oil jumps nearly 3 its most in over four months after an industry source says Saudi Arabia cut output in September following the summer s tumble in prices

Three Azeri Workers Die In Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea SOCAR says

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