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Subsea 7 bringing experienced engineers to oil and gas

August 20, 2019 pushlished in Industry News

ABERDEEN – Subsea 7 is continuing its Engineering Conversion Program, based in Aberdeen, to help experienced engineers from civil engineering and military roles to transfer skills and build new career …

Shale bond buyers get picky as more producers default

August 20, 2019 pushlished in Industry News

NEW YORK (Bloomberg) – After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make.While …

Saudi oil fields are in the firing line as Gulf conflicts continue

August 20, 2019 pushlished in Industry News

DUBAI (Bloomberg) – Flaring tensions in the Persian Gulf have seen some of the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-la …

Subsea 7 Engineering Conversion Program brings experienced engineers to oil and gas

August 20, 2019 pushlished in Industry News

ABERDEEN – Subsea 7 is continuing its Engineering Conversion Program, based in Aberdeen, to help experienced engineers from civil engineering and military roles to transfer skills and build new career …

Hong Kong billionaire’s Husky bet loses over 80% in a decade

August 20, 2019 pushlished in Industry News

TORONTO (Bloomberg) – Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting — and some analysts are calling on him to stop the bleeding. Shares of Calgary-based Husky Energy Inc. have p …

EIA: U.S. leads global oil and production, with record growth in 2018

August 20, 2019 pushlished in Industry News

WASHINGTON – The Energy Information Administration reported that U.S. petroleum and natural gas production increased by 16% and by 12%, respectively, in 2018, and these totals combined established a n …

Wood to sell nuclear business for $300 million as it cuts debt

August 20, 2019 pushlished in Industry News

LONDON (Bloomberg) – Wood Plc has agreed to sell its nuclear business for 250 million pounds ($302 million), as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler and a prolonged …

Indianola Energy upstream strategy earns $100 million equity commitment

August 20, 2019 pushlished in Industry News

HOUSTON – Indianola Energy announced a $100 million equity commitment from members of the management team and Kayne Anderson Energy Fund VIII, L.P. Indianola is being formed to pursue a new upstream s …

First liquid achieved at Freeport LNG Train 1

August 20, 2019 pushlished in Industry News

HOUSTON – McDermott International, along with its partners, Chiyoda International and Zachry Group, today announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has …

Equinor and partners log Barents Sea discovery

August 20, 2019 pushlished in Industry News

OSLO – Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 MMboe.The Sputnik w …

Oil climbs as Huawei sanctions delay offers sign of trade war truce

August 19, 2019 pushlished in Industry News

NEW YORK (Bloomberg) – Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted si …

2019 World Oil Awards finalists announced

August 19, 2019 pushlished in Industry News

World Oil and Gulf Energy Information are pleased to announce the finalists for the 2019 World Oil Awards. For 18 years, these prestigious awards have recognized and honored the upstream energy indust …

EIA: Natural gas deliveries to U.S. LNG export facilities set a record in July

August 19, 2019 pushlished in Industry News

WASHINGTON – Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July 2019, averaging 6.0 Bcfd—7% of the total U.S. dry natural gas produ …

Hibernia production halted again following spill

August 19, 2019 pushlished in Industry News

ST. JOHNS, NEWFOUNDLAND – Shortly after 21:00 on Saturday, August 17, 2019, the Canada – Newfoundland & Labrador Offshore Petroleum Board (C-NLOPB) was notified of an incident at the Hibernia plat …

South Sudan discovers new oil, plans output by year-end

August 19, 2019 pushlished in Industry News

 JUBA (Bloomberg) – South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth said. The oil will be …

U.S. oil poses threat to Mideast sellers with Asia trading debut

August 19, 2019 pushlished in Industry News

SINGAPORE (Bloomberg) –The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy marke …

Petrofac and SOCAR JV secures Caspian engineering and technical services contract

August 19, 2019 pushlished in Industry News

BAKU – Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an Engineering and Technical Services contract to support Total and SOCAR’s Exploratio …

Husky to resume full production at White Rose offshore Newfoundland

August 19, 2019 pushlished in Industry News

CALGARY – Following an extensive investigation, flow line repairs, integrity testing and approval of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), Husky Energy announced it …