Results 50 articles shown
Norway Plans Deep Cuts to Oil Loadings
Monday, August 10, 2020It looks like Norway will do its bit next month toward helping OPEC+ avert a global glut of crude.
Bluewater Awards FPSO Contract
Friday, August 07, 2020Remazel Engineering has won a contract from Bluewater in conjunction with the Jotun FPSO upgrade.
Iraq Commits to Deep Oil Cuts
Friday, August 07, 2020Iraq made its strongest commitment yet to implement deep cuts in crude production after the country's oil minister and his Saudi counterpart held a phone call Thursday.
Oil and Gas Drilling Collapse Deepens in July
Friday, August 07, 2020The number of rigs drilling for oil and gas set a fresh record low in July.
Canada Oil Sands Output Poised for 41 Percent Increase
Thursday, August 06, 2020IHS Markit anticipates that Canada's oil sands production will grow by nearly 1.1 million bpd.
NOPSEMA OKs Shell Crux Proposal
Thursday, August 06, 2020NOPSEMA has accepted an Offshore Project Proposal from Shell Australia to develop the Crux gas field in the Browse Basin.
OPEC+ Losing Patience with Iraq
Wednesday, August 05, 2020Iraq has come under pressure from Saudi Arabia after failing to meet its production curbs target.
Weatherford Remotely Installs Sakhalin Liner Hanger
Tuesday, August 04, 2020Crew restrictions during the COVID-19 lockdown failed to stop the installation. PHOTO SOURCE: Weatherford International plc
Permian Execs Signal Milestone
Tuesday, August 04, 2020America's most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth.
Site Works Start at Wressle
Monday, August 03, 2020Egdon Resources revealed that site works have now commenced at the onshore UK Wressle oil field development.
OPEC Gulf Nations Ended Extra Cuts in July
Monday, August 03, 2020The cartel largely persevered with its strategy to revive the global oil industry.
Oil Newcomer Guyana Avoids Pariah Status
Monday, August 03, 2020Guyana's electoral authorities have finally named a president after a five-month constitutional crisis.
UKCS Hits Target 3 Years Early
Friday, July 31, 2020The production efficiency of the UK Continental Shelf has reached 80 percent, three years ahead of target.
OPEC+ Prepares to Pump More Oil
Friday, July 31, 2020From quiet skies over Europe to sparse traffic in America's biggest cities, a recovery in global oil demand is faltering.
Petrofac Wins Contract for 25 UKCS Wells
Thursday, July 30, 2020Petrofac reported Wednesday that its EPS unit has won a two-year contract from NEO Energy. PHOTO SOURCE: Petrofac
Commissioning Support Contract Goes to Ampelmann
Thursday, July 30, 2020This photo shows Ampelmann's offshore transfer system on the Olympic Taurus W2W vessel. PHOTO SOURCE: Ampelmann
Production Starts from Egypt Oil Discovery
Wednesday, July 29, 2020Eni S.p.A. reported Tuesday an oil discovery in the South West Meleiha Concession in Egypt’s Western Desert.
Spirit Extends Life of North Sea Field
Wednesday, July 29, 2020Spirit Energy revealed Wednesday that its York gas field in the Southern North Sea has been given an additional three years of life.
Frac is Back
Friday, July 24, 2020U.S. fracking is set for its first monthly rise this year, according to a new Rystad Energy analysis.
Weatherford Wins $15MM Argentina Contract
Friday, July 24, 2020A major independent operator in Argentina has awarded Weatherford International a two-year contract.
Oil Market Awaits North America Rebound
Friday, July 24, 2020Check out this review of oil market hits and misses for the week ending July 24, 2020.
West Africa FPSO Contract Extended
Thursday, July 23, 2020BW Offshore reported that it has secured a one-year contract extension.
Chevron Powering Oil Pumps with Solar Panels
Thursday, July 23, 2020In California's sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state's clean-energy programs to cut costs.
Heerema Claims Jacket Removal Record
Wednesday, July 22, 2020The SSCV Sleipnir delivered the Jotun-B jacket to the a decommissioning site in Vats, Norway. PHOTO SOURCE: Heerema Marine Contractors
Offshore Malaysia Project Marks Industry Firsts
Wednesday, July 22, 2020Above is a photo from the offshore Malaysia subsea pipelay operation. PHOTO SOURCE Cortez Subsea
CNOOC Starts Production from Luda Project
Wednesday, July 22, 2020CNOOC Limited has announced that the Luda 21-2/16-3 regional development project has started production.
Putin Eyes Mexico Hedge Approach
Wednesday, July 22, 2020The Mexican oil hedge helped the country receive massive windfalls in every downturn over the last 20 years.
Study Envisions Up to 120,000 Well Reclamation Jobs
Tuesday, July 21, 2020Orphaned and abandoned wells are those whose owners are unknown or insolvent.
New Mexico Proposes 98% Gas Capture
Tuesday, July 21, 2020New Mexico's government on Monday unveiled a draft rule in conjunction with the state's first comprehensive methane regulations.
What to Expect for US Crude Oil Production
Monday, July 20, 2020The future for the US oil industry could prove much better than some currently realize.
Var Energi Resuming NCS Drilling Activity
Friday, July 17, 2020Var Energi AS will resume drilling in the Barents and North Sea after postponing activity in spring due to the pandemic and oil price collapse.
Modec FPSO Contracts Go to Keppel
Thursday, July 16, 2020Above is an aerial view of the Keppel’s Tuas Shipyard in Singapore. PHOTO SOURCE: Keppel O&M
Restored OPEC+ Output to Be 'Barely Felt'
Wednesday, July 15, 2020The decision was widely expected but still carries some risks for the cartel.
OPEC Projects 2021 Surge in Crude Demand
Tuesday, July 14, 2020OPEC expects demand for its crude oil to rebound sharply next year.
Heavier Middle East Crudes Getting Pricier
Tuesday, July 14, 2020Middle East producers are banking on robust demand from Asia for its more sulfurous and dense crude.
Finalists Announced for NPD IOR Award
Monday, July 13, 2020The Norwegian Petroleum Directorate has announced three finalists for its 2020 improved oil recovery award.
$463MM Deal to Boost Iran Oil Field Output
Monday, July 13, 2020Iran's Persia Oil and Gas Industry Development Co. signed a $463 million agreement with state-run National Iranian Oil Co. to operate and further develop Yaran oil field.
Saudi Official Offers Sign of Less OPEC+ Cheating
Monday, July 13, 2020Saudi Arabia commended Iraq for implementing almost all of its oil production cuts last month.
NOC Lifts Force Majeure on All Libya Exports
Friday, July 10, 2020The National Oil Corporation in Libya has lifted force majeure on all oil exports from the country.
Rystad Sees Speedy FPSO Comeback
Thursday, July 09, 20202021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.
Angola Pledges to Fall in Line with OPEC+
Thursday, July 09, 2020OPEC+ is another step closer to addressing the cheating that has dogged the cartel since its inception.
Oil Sands Explorers Restoring Production
Wednesday, July 08, 2020At least 20 percent of shut-in Canadian production is being restored.
New Tech Could Slash North Sea Decom Costs
Wednesday, July 08, 2020North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region.
Atlantic Hurricane Forecast Gets Update
Tuesday, July 07, 2020Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19.
Oil Price War Could Be on the Horizon
Friday, July 03, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 3, 2020.
Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
North Sea Platform Contract Goes to Kvaerner
Wednesday, July 01, 2020Kvaerner will dismantle and recycle structures from the Valhall and Hod fields in the Norwegian North Sea. PHOTO SOURCE: Kvaerner
Offshore Norway Project to Use Pioneering Tech
Wednesday, July 01, 2020Aker BP awarded Subsea 7 a contract for the Hod Field Development Project in the North Sea. IMAGE SOURCE: Subsea 7
Work Started on Gazprom Ice Resistant Platform
Wednesday, July 01, 2020The construction of an ice resistant platform for Gazprom's Kamennomysskoye-Sea field on the Arctic shelf has begun.
Venezuela Crude Production Falls for 6th Month
Wednesday, July 01, 2020Crude production in Venezuela tumbled for a sixth straight month in June.
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