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Saudi Arabia partially restores output at damaged oil plant

September 17, 2019 pushlished in Industry News

DUBAI (Bloomberg) – Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted a …

Pentagon readying a public show of evidence in Saudi attacks

September 17, 2019 pushlished in Industry News

WASHINGTON (Bloomberg) – The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a U.S. defense official …

Devon Energy promotes David Harris to EVP of exploration and production

September 17, 2019 pushlished in Industry News

OKLAHOMA CITY – Devon Energy announced that David Harris has been appointed to the position of executive vice president, exploration and production. Tony Vaughn previously served in this role and will …

Houston prepares to say ‘Howdy Modi’ as gas producers eye deals

September 17, 2019 pushlished in Industry News

HOUSTON (Bloomberg) – Indian Prime Minister Narendra Modi’s imminent visit to the U.S. energy capital is fueling speculation the second most-populous nation will further tap America’s shale gas bonanz …

Clariant Oil Services launches WAXTREAT SubZero Pour Point Depressant technology for cold climate regions

September 17, 2019 pushlished in Industry News

HOUSTON – Thousands of oil and gas professionals will gather at the SPE Annual Technical Conference and Exhibition in Canada, from September 30th through October 2nd, where Clariant Oil Services will …

Nigeria LNG in talks with lenders to fund $10B expansion

September 17, 2019 pushlished in Industry News

ABUJA (Bloomberg) – Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion.The company is discussing with the country’s top-1 …

Equinor taps Aucotec for Johan Sverdrup digital transformation

September 17, 2019 pushlished in Industry News

HANNOVER – Equinor is working with Aucotec’s Engineering Base (EB) platform on the new Johan Sverdrup oil rig project, which will begin oil production at the end of 2019.”Equinor expects a significant …

Oil plunges on report Saudi Arabia may soon restore most of lost output

September 17, 2019 pushlished in Industry News

NEW YORK (Bloomberg) – Oil plunged nearly 7% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production it lost after this weekend’s attack on a key crude facility i …

McDermott JV awarded fab contract for Arctic LNG 2 Project

September 17, 2019 pushlished in Industry News

HOUSTON – McDermott International announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a contract to provide three complex …

Saudi disruption leaves Canada’s biggest refinery vulnerable

September 17, 2019 pushlished in Industry News

CALGARY (Bloomberg) – Canada may hold the world’s third-largest crude reserves, but that’s little help to its largest refinery after a weekend attack disrupted production in Saudi Arabia, its biggest …

Uganda pushes oil companies to carry on, even as Tullow plan fails

September 17, 2019 pushlished in Industry News

KAMPALA, UGANDA (Bloomberg) – Uganda is pressing the developers of its oil fields to commit to making a final investment decision this year, anxious to ensure that a failed plan by Tullow Oil to sell …

Oil shock lashes trend-following traders as ‘all trades backfire’

September 17, 2019 pushlished in Industry News

LONDON (Bloomberg) – Monday’s oil spike blindsided many investors, but in one corner of quant land the fallout was particularly punishing.Systematic investors known as commodity trading advisors (CTAs …

GEOEnhanced Technologies completes electro-seismic demonstration on tribal lands

September 17, 2019 pushlished in Industry News

GUN BARREL CITY, TX – GEOEnhanced Technologies recently completed a series of tests using its proprietary electro-seismic technology in North and South Dakota on Native tribal lands.  The test was con …

Schlumberger, Chevron and Microsoft announce collaboration to accelerate digital transformation

September 17, 2019 pushlished in Industry News

MONACO – Schlumberger, Chevron and Microsoft announced the industry’s first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies.Data is quickly emerg …

Schlumberger begins wide-azimuth survey, including Zama-1, in Campeche, Mexico

September 17, 2019 pushlished in Industry News

HOUSTON – Schlumberger will start a new 5,080-km2 wide-azimuth (WAZ) multiclient survey in the Salina del Istmo Basin in the Gulf of Mexico Bay of Campeche, providing the first 3D coverage over this s …

API: U.S. supply, global efforts cushion global oil markets after weekend attack

September 17, 2019 pushlished in Industry News

WASHINGTON – An attack on a Saudi Arabian oil processing facility over the weekend has knocked out a significant part of Saudi production, at least temporarily, shaking oil markets. The precise amount …

Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO

September 17, 2019 pushlished in Industry News

HOUSTON (Bloomberg) – Chevron could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, CEO Mike Wirth said in a …

Oil shock unites China with Asia rivals worried about supply

September 17, 2019 pushlished in Industry News

HONG KONG (Bloomberg) – If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil.Asia accounts for more …