More US GOM Production Comes Offline
Thursday September 17, 2020 - More U.S. Gulf of Mexico oil and gas production has come offline in response to Hurricane Sally.
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Oil Sands Producers Eye Rail Link for Asia Exports
Monday, September 28, 2020US President Donald Trump's decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta's struggling oil sands producers.
Apache Contract Extension Could Be Worth $100MM
Thursday, September 24, 2020Apache Corp. has awarded Archer a four-year contract extension for platform drilling and maintenance services.
Morrison to Decommission Six GOM Structures
Wednesday, September 23, 2020Morrison has won a decommissioning project in the shallow waters of the Gulf of Mexico (GOM).
Gas Bulls Eye Winter Rally
Wednesday, September 23, 2020After benchmark US natural gas prices tumbled 22% in the past week, you could be forgiven for thinking that traders would be gloomy.
Trading Exec Conveys Ominous Forecast for OPEC+
Wednesday, September 23, 2020"We do not need the extra oil," said the head of commodities trader Mercuria Energy Group.
Six Countries Form Mediterranean Gas Group
Tuesday, September 22, 2020The body will be based in Cairo and focus on "strengthening regional cooperation," according to a statement.
Wood Snags $42MM Onshore Norway Contract
Friday, September 18, 2020Wood executed the front-end engineering design phase last year. PHOTO SOURCE: Øyvind Sætre/Gassco
Some Producers Setting Records Despite Low Drilling Levels
Friday, September 18, 2020Check out this review of oil market hits and misses for the week ending Sept. 18, 2020.
More US GOM Production Comes Offline
Thursday, September 17, 2020More U.S. Gulf of Mexico oil and gas production has come offline in response to Hurricane Sally.
Saudi Prince Calls for End to OPEC+ Cheating
Thursday, September 17, 2020The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude.
Petrobras Eyes Its Next Buzios FPSO
Wednesday, September 16, 2020Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.
Iraq OPEC+ Compliance Appears More Distant
Wednesday, September 16, 2020Iraq is exporting more crude so far in September than its daily average last month.
US GOM Production Shuts Again
Tuesday, September 15, 2020U.S. Gulf of Mexico oil and gas production has been shut-in as a response to Tropical Storm Sally.
Friction Growing within OPEC+
Tuesday, September 15, 2020The UAE almost entirely disregarded its commitment to OPEC+ production quotas last month, according to the International Energy Agency.
OPEC Downgrades Oil Market Outlook
Monday, September 14, 2020The figures raise questions about the group's decision to ease production cuts last month.
Sally Prompts GOM Platform Evacuations
Monday, September 14, 2020Hurricane Sally will begin hammering the US Gulf Coast with flooding rains late Monday,
BP and Shell Call on Texas to End Routine Flaring
Friday, September 11, 2020The Railroad Commission of Texas is considering requiring operators to disclose more data when they apply for flaring permits and issuing them for shorter periods.
New Offender Emerges in OPEC Output Pact
Friday, September 11, 2020Just when OPEC seemed to have finally mastered the long-running problem of members breaching their oil-output targets, a new offender is emerging.
Frac Sand Metric Declines
Friday, September 11, 2020Shale firms are pumping an average of roughly 2.9 million pounds a day of frac sand this quarter, according to Coras Research LLC.
Maersk Rig Drilling New Martin Linge Wells
Wednesday, September 09, 2020Equinor has identified well barrier deficiencies in four Martin Linge gas wells. PHOTO SOURCE: Equinor
Iran Charity to Develop Marun Oil Field
Wednesday, September 09, 2020A religious endowment for war veterans and the poor owns Sina Energy Development Co.
Lawmaker Sees Lower Pemex Output Goal
Friday, September 04, 2020The government's preliminary 2021 output goal for Pemex, whose headquarters appears above, is stretched, said a Mexican lawmaker.
Iraq Eyes OPEC+ Extension Request
Thursday, September 03, 2020Iraq said it may seek a two month extension to implement the extra production cuts it's carrying as part of the OPEC+ deal.
Petrostate Is Running Out of Cash
Wednesday, September 02, 2020One of the world's richest countries is struggling to make ends meet.
70 Percent of US GOM Oil Still Offline
Monday, August 31, 2020Approximately 69.76 percent of the current oil production in the U.S. Gulf of Mexico remained shut in as of August 30.
Oil Demand Recovering at Record Pace
Wednesday, August 26, 2020Worldwide oil demand has risen from 78 percent of pre-COVID levels in April to 89 percent, according to IHS Markit.
Shell Reveals Brazil FPSO Decision
Wednesday, August 26, 2020The FPSO will be deployed in the Mero field.
82+ Percent of US GOM Oil Production Offline
Tuesday, August 25, 2020Approximately 82.4 percent of the oil production in the U.S. Gulf of Mexico has been taken offline in response to tropical storms Marco and Laura.
1MM+ US GOM Barrels Shut In Due to Storms
Monday, August 24, 2020More than one million barrels of oil per day have been shut in on the U.S. Gulf of Mexico.
TechnipFMC Wins Brazil Subsea Contract
Friday, August 21, 2020Petrobras has awarded TechnipFMC an EPIC contract for the Libra Consortium’s Mero 2 project.
Saudi Oil Prince Gets Results
Thursday, August 20, 2020The Saudi royal running the kingdom's oil policy is achieving something his predecessor never did: bringing the quota cheats of OPEC+ to heel.
Poll Shows Broad Support for Domestic Energy
Wednesday, August 19, 2020API revealed that two-thirds of voters in key battleground and other states would prefer candidates who support access to US-produced oil and gas.
OPEC+ Stresses Compliance Amid Recovery Threats
Wednesday, August 19, 2020OPEC+ emphasized the need to stick closely to its planned oil-production cuts to guard against the market recovery being undermined by a resurgence of the coronavirus.
Oil Bulls and Bears Claim Market Wins
Friday, August 14, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending Aug. 14, 2020.
Atlantic Hurricane Season Could Get Busier
Thursday, August 13, 2020Last week, both the US National Oceanic and Atmospheric Administration and Colorado State University upped their overall season forecasts.
Trump Admin Pulls Methane Limits
Thursday, August 13, 2020The final rules end methane-specific limits at new oil and gas wells and remove extra curbs on VOC leaks from gas transmission and storage equipment.
Petronas to Test New Subsea Pump
Wednesday, August 12, 2020PETRONAS and FASTsubsea have signed a contract to develop and test a low-cost, topside-less subsea multiphase pump. IMAGE SOURCE: Aker Solutions
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.
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.
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.
Bluewater Awards FPSO Contract
Friday, August 07, 2020Remazel Engineering has won a contract from Bluewater in conjunction with the Jotun FPSO upgrade.
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.
OPEC+ Losing Patience with Iraq
Wednesday, August 05, 2020Iraq has come under pressure from Saudi Arabia after failing to meet its production curbs target.
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.
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
Oil Newcomer Guyana Avoids Pariah Status
Monday, August 03, 2020Guyana's electoral authorities have finally named a president after a five-month constitutional crisis.
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.
Shell Offshore Workforce Contract Goes to Danos
Friday, June 26, 2020The deal applies to Appomattox and eight other Shell GOM production assets. PHOTO SOURCE: Danos
Natural Gas Output Poised for 2020 Declines
Wednesday, June 24, 2020Associated gas from oil fields will be hit most, losing some 5.5 percent compared to 2019 levels.
OPEC+ Structures Deal on Compensation for Iraq Cuts Cheating
Thursday, June 18, 2020Iraq agreed on the details of how to compensate for falling short of its production cut target in May.
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