Oil And Gas Industry News

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

Ky Senate Candidate Wants Keystone Pipeline OK d

Democratic US Senate candidate Alison Lundergan Grimes calls on Obama to approve the Keystone XL oil pipeline

Nexen Planned Works Reduce Flow at North Sea s Buzzard Oilfield

UK North Sea oilfield Buzzard sees output fall due to maintenance and construction work

PetroChina Posts 5 Fall in Q1 Profit Beats Forecast

PetroChina reports a five percent fall in first quarter profit but beats forecasts

Norway s TGS Nopec Defies Seismic Industry Gloom with Profit Rise

Seismic surveyor TGS Nopec reports better than expected first quarter profits

Diamond Offshore Profit Falls as Rig Utilization Rates Decline

Diamond Offshore Drilling reports 17 percent fall in quarterly profit due to lower utilization rates for deep water rigs

Exillon Looks for New Independent Directors

Exillon Energy appoints an international recruitment agency to assist it in its search for new independent non executive directors

Leni Reports Rig Arrival at Goudron Field

Leni Gas Oil reports that Well Services Rig 20 has arrived at the Goudron Field onshore Trinidad where it will drill the field s first well since 1981

All At Sea Global Shipping Fleet Exposed to Hacking Threat

The next hacker playground the open seas and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet

Myanmar to Sign PSCs for Onshore Blocks Awarded in 2013 in Mid May

Myanmar expects to sign production sharing contracts awarded under onshore blocks bidding round 2013 in mid May a ministry official says

Nido Prepares to Drill Baragatan 1 Well in SC63 in Palawan Basin in May

Nido Petroleum discloses that preparations to drill the Baragatan 1 well in Service Contract 63 in north west Palawan Basin offshore the Philippines in May is in the final stages

Vallianz Bids for 1 2B Offshore Vessel Supply Contracts Globally

Vallianz Holdings bids for contracts worth 1 2 billion to supply offshore vessels for projects in Asia Middle East Latin America and Africa as part of its global expansion

Expro Clinches 100M Subsea Contract for BP s Shah Deniz 2 Project

Expro clinches a 100 million subsea contract for BP s Shah Deniz Stage 2 project in the South Caspian Sea offshore Azerbaijan

WestSide Prepares for Meridian Gas Field Expansion in Bowen Basin

WestSide Corporation prepares to commence the first phase of Meridian gas field expansion in southern Bowen Basin Australia

Drilling Commences at Badar 2 Well in Pakistan s Middle Indus Basin

Jura Energy reveals that drilling has commenced at Badar 2 development well in the Badar lease in Pakistan s Middle Indus Basin

Report Shale Gas Explorers Could Pump 55B into Britain

The development of shale gas in Britain is expected to create more than 64 000 jobs and give local businesses a 55 37B capital injection

Oil Falls As US Oil Supplies Rise By 3 5M Barrels

The price of oil slips as a government report shows US oil supplies rose more than expected last week

For Canada s Oil Rail Terminal Firms Muted Glee Over Keystone

The handful of firms racing to build oil train terminals in Western Canada should be rejoicing over the latest delay to TransCanada s Keystone XL oil pipeline but many have troubles of their own

Oil Firm Soco To Begin Seismic Testing In Congo s Virunga Park

Soco International will start seismic tests this weekend in Democratic Republic of Congo s Lake Edward an executive says

Comprehensive Program Needed to Address US Arctic Oil Spill Risk

The National Research Council offers recommendations to address the oil spill risk posed by commercial activity in US Arctic waters

Report UK Oil Gas Supply Chain Worth 59B

A report from Oil Gas UK and Ernst Young finds that the UK oil and gas supply chain is worth 59 billion annually

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