Circulation Solutions promotes Grichor, Laurent to V.P. roles

DECATUR, Texas -- Circulation Solutions has promoted Zach Grichor to V.P. of business development and Mark Laurent to V.P. of operations. Grichor will remain in Houston where he will be responsible for all product research and development. He will also draft the company’s technical pieces, procedures, processes and marketing materials. Laurent will be based in Decatur, Texas, and will support the company’s growth while managing daily operations within personnel, purchasing, shipping and receiving departments. Laurent will be responsible for developing safety, training and incentive plans and will support the sales team.

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Proserv launches subsea technology roadshow

HOUSTON -- Proserv will present a series of global workshops to demonstrate the company’s Artemis 2G (A2G), its next generation subsea electronics module for control and monitoring communications as a result of a successful event held in Houston. Workshops are to be held in Stavanger, Aberdeen and London over the next three months with plans to hold other regional events in 2015.

...»

HOLT CAT celebrates opening of Edinburg, TX, store

EDINBURG, Texas -- HOLT CAT, the Caterpillar equipment and engine dealer for South, Central, North and North East Texas, held a grand opening Aug. 26 for its new 47,000-sq-ft full-service facility in Edinburg, Texas.

...»

Circulation Solutions promotes Grichor, Laurent to V.P. roles

DECATUR, Texas -- Circulation Solutions has promoted Zach Grichor to V.P. of business development and Mark Laurent to V.P. of operations. Grichor will remain in Houston where he will be responsible for all product research and development. He will also draft the company’s technical pieces, procedures, processes and marketing materials. Laurent will be based in Decatur, Texas, and will support the company’s growth while managing daily operations within personnel, purchasing, shipping and receiving departments. Laurent will be responsible for developing safety, training and incentive plans and will support the sales team.

...»

Proserv launches subsea technology roadshow

HOUSTON -- Proserv will present a series of global workshops to demonstrate the company’s Artemis 2G (A2G), its next generation subsea electronics module for control and monitoring communications as a result of a successful event held in Houston. Workshops are to be held in Stavanger, Aberdeen and London over the next three months with plans to hold other regional events in 2015.

...»

HOLT CAT celebrates opening of Edinburg, TX, store

EDINBURG, Texas -- HOLT CAT, the Caterpillar equipment and engine dealer for South, Central, North and North East Texas, held a grand opening Aug. 26 for its new 47,000-sq-ft full-service facility in Edinburg, Texas.

...»

Honeywell unveils software solutions to boost production

HOUSTON -- Honeywell Process Solutions has announced the release of Digital Suites for Oil and Gas, a set of software and comprehensive services that can help oil and gas producers boost production performance by 3 to 5% while improving operational safety.

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Peak Well Systems introduces V3-certified SIMPLUS plug systems

ABERDEEN, United Kingdom -- Peak Well Systems has significantly expanded its product portfolio with the launch of its new SIMPLUS range of V3-Grade plugs certified to ISO14310. The portfolio employs an ISO-14310 Grade V3-rated SIMPLUS Retrievable Bridge Plug for well barrier applications in monobore wells, creating a reliable and high performance downhole seal.

...»

Honeywell unveils software solutions to boost production

HOUSTON -- Honeywell Process Solutions has announced the release of Digital Suites for Oil and Gas, a set of software and comprehensive services that can help oil and gas producers boost production performance by 3 to 5% while improving operational safety.

...»

Peak Well Systems introduces V3-certified SIMPLUS plug systems

ABERDEEN, United Kingdom -- Peak Well Systems has significantly expanded its product portfolio with the launch of its new SIMPLUS range of V3-Grade plugs certified to ISO14310. The portfolio employs an ISO-14310 Grade V3-rated SIMPLUS Retrievable Bridge Plug for well barrier applications in monobore wells, creating a reliable and high performance downhole seal.

...»

Baker Hughes rig count jumps by 18 to 1,914

Baker Hughes rig count jumps by 18 to 1,914 LYNN DOAN and RICHARD STUBBE HOUSTON (Bloomberg) Rigs targeting oil and natural gas in the U.S. increased by 18 this week to 1,914, according to Baker Hughes. Oil rigs rose by

...»

Texas accounts for 49% of active land rigs, RCC says

AUSTIN, Texas -- The Texas average rig count as of Aug. 15, was 899, representing about 49% of all active land rigs in the U.S. In the last 12 months, total Texas reported production was 802 MMbbl of oil and 7.9 Tcf of natural gas.

...»

Noble Energy discovers additional pay at Katmai and Dantzler in deepwater Gulf of Mexico

Noble Energy discovers additional pay at Katmai and Dantzler in deepwater Gulf of Mexico HOUSTON Noble Energy has announced final well results at the Katmai exploration well and the Dantzler appraisal well in the deepwater Gulf of Mexico. At Katmai,

...»

Rail deliveries of U.S. oil continue to increase in 2014, EIA reports

WASHINGTON, D.C. -- The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA has reported. In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per week, according to the Association of American Railroads (AAR).

...»

U.S. liquid fuels production growth more than offsets supply disruptions, EIA says

WASHINGTON, D.C. -- Record-setting liquid fuels production growth in the U.S. has more than offset the rise in unplanned global supply disruptions over the past few years, although differences in quality and location suggest that the substitution may not be exactly 1-for-1, the EIA has reported.

...»

Eni reports successful results of unconventional oil exploration in West Texas

Eni reports successful results of unconventional oil exploration in West Texas SAN DONATO MILANESE, Italy Eni reported the successful initial results of its first horizontal well (Stallings 1H) under the agreement with Quicksilver Resources, aiming at jointly evaluating, exploring and

...»

Shell to cut costs at Canadian operations to remain competitive

Shell to cut costs at Canadian operations to remain competitive JEREMY VAN LOON THE HAGUE, Netherlands (Bloomberg) Royal Dutch Shell Plc plans to lower costs at its Canadian operations to ensure the business remains competitive with other regions. Shell, whose

...»

ArcLight said to seek $4 bn for energy fund as deals surge

ArcLight said to seek $4 bn for energy fund as deals surge SABRINA WILLMER BOSTON, Massachusetts (Bloomberg) ArcLight Capital Partners LLC is seeking $4 billion for a private equity fund to take advantage of rising demand for infrastructure to support

...»

WPX adds partner to accelerate development of Trail Ridge properties

TULSA, Oklahoma -- WPX Energy has closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston-based G2X Energy. The Trail Ridge development is part of WPX' s position in western Colorado' s Piceance Basin Highlands. WPX will remain as operator.

...»

WPX Energy adds partner to accelerate development of Trail Ridge Properties

WPX Energy adds partner to accelerate development of Trail Ridge Properties TULSA, Oklahoma WPX Energy reported that it closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston based G2X Energy. The Trail

...»

URTeC 2014: Baker Hughes introduces fracture analysis services to increase production and ultimate recovery

URTeC 2014 Baker Hughes introduces fracture analysis services to increase production and ultimate recovery DENVER Baker Hughes has announced the commercial release of its StageWatch fracture analysis services that include monitoring sleeves and retrievable pressure temperature (P T) gauges to

...»

MicroSeismic announces FracRx

HOUSTON -- MicroSeismic has announced the release of its latest technology, FracRx, a proprietary service which allows operators to increase asset values by optimizing the treatment of each well. The FracRx service integrates microseismic data with an operator’s pump and geological data to track the growth of the fracture network in all directions and determine how the cumulative fracture area grows with injected fluid volume.

...»

Fracing link to birth defects probed as further studies sought

AURORA, Colorado (Bloomberg) -- The first research into the effects of oil and gas development on babies born near wells has found potential health risks. Government officials, industry advocates and the researchers themselves say more studies are needed before drawing conclusions. While the findings are still preliminary, any documented hazards threaten to cast a shadow over hydraulic fracturing, or fracing. “It’s not really well understood how the environment interacts with genetics to produce these birth defects,” said Lisa McKenzie of the Colorado School of Public Health, who conducted research published in January in the journal Environmental Health Perspectives. “We really need to do more study to see what the association is, if any, with natural gas development.”

...»

Kurds win dismissal of seizure order on oil tanker off Texas

HOUSTON (Bloomberg) -- The Kurdistan Regional Government can bring $100 million of crude ashore in Texas after a U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry until a court there decided which government owns it. U.S. District Judge Gray Miller in Houston said he lacked authority under federal laws governing property stolen at sea to decide the dispute. Both Iraq’s central government and the regional government claim control of 1 MMbbl of Kurdish crude waiting in a tanker moored in international waters off the Texas coast for almost a month.

...»

Bristow Group names Chet Akiri SVP and Chief Corporate Development, New Ventures and Strategy Officer

Bristow Group names Chet Akiri SVP and Chief Corporate Development, New Ventures and Strategy Officer HOUSTON, Texas Bristow Group Inc., reported that it has appointed Chet Akiri tothe position of SVP and Chief Corporate Development, New Ventures and Strategy Officer.

...»

McDermott names Stuart Spence as new EVP, CFO

McDermott names Stuart Spence as new EVP, CFO HOUSTON, Texas McDermott International, Inc. (McDermott) stated that Stuart Spence has been appointed EVP and CFO following the departure of Perry L. Elders, SVP and CFO, effective August 23, 2014. Mr. Elders

...»

Contact Exploration's Kakwa development continues with successful multi-well pad drilling

Contact Exploration' s Kakwa development continues with successful multi well pad drilling CALGARY, Alberta Contact Exploration Inc. (Contact) stated that the three Contact operated wells, at 2 18 63 5 W6M, 8 20 63 5 W6M and 9 20 63 5

...»

Cecon takes delivery of Cecon Pride

Cecon takes delivery of Cecon Pride ARENDAL, Norway Cecon ASA (Cecon) has taken delivery of their first vessel Cecon Pride from Davie Yards on Aug. 25, and the vessel is to depart for the Mediterranean at first high tide. Cecon

...»

URTeC 2014: Baker Hughes introduces Navi-Drill motors for high-performance shale drilling

Baker Hughes introduces Navi Drill motors for high performance shale drilling DENVER Baker Hughes has announced the commercial release of two new motors designed for drilling unconventional reservoirs. The 7 in. Navi Drill Ultra XL45 offers high power and torque

...»

URTeC 2014: Integrating geosciences and technologies to develop unconventional plays

URTeC 2014 Integrating geosciences and technologies to develop unconventional plays PRAMOD KULKARNI, Editor DENVER – The second annual Unconventional Resources Technology Conference (URTeC) opened with a plenary session focusing on a multidisciplinary approach to state of the art breakthroughs, pragmatic

...»

ONS '14: U.S. shale causing imminent need for NCS cost reductions

ONS ' 14 U.S. shale causing imminent need for NCS cost reductions ANNE EKERN, Contributing Editor STAVANGER, Norway Oil companies and suppliers agree that there is an urgent need for significant cost reductions on the Norwegian Continental Shelf (NCS). Entering into

...»

Reforms could increase Mexico’s long-term oil production by 75%, EIA says

WASHINGTON D.C. -- Energy reform could increase Mexico’s long-term oil production by 75%, the Energy Information Administration (EIA) has said. On Aug. 11, Mexico' s president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned Pemex.

...»

Brent, WTI prices reverse decline as Libya tensions persist

LONDON (Bloomberg) -- Brent crude reversed losses to trade little changed in London amid continued turmoil in Libya and Iraq. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading. Futures dropped as much as 0.6% in London. Islamist militias seized Tripoli’s international airport in Libya, as political factions struggled to form a new government in war-torn Iraq. CME Group Inc., the world’s largest futures market, halted most of its Globex platform for about four hours, suspending contracts including oil and commodities.

...»

SNC-Lavalin completes landmark acquisition of Kentz

SNC Lavalin completes landmark acquisition of Kentz MONTREAL, Canada SNC Lavalin Group Inc reported that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry leading engineering, construction

...»

Pemex says tax burden bloated by water content in oil barrels

MEXICO CITY (Bloomberg) -- Petroleos Mexicanos, the crude producer that accounts for about a third of state revenue in Mexico, said it pays taxes on oil production volume that’s inflated by water and other measurement inaccuracies. Under existing law, the company known as Pemex pays some taxes based on reported volume at the wellhead, it said by email Aug. 22. In the statement, Pemex cut its year-to-date production to 2.34 MMbpd from a previously reported 2.47 million. Output was overstated because of water content and inefficient measuring and separation systems.

...»

Baker Hughes rig count jumps by 18 to 1,914

Baker Hughes rig count jumps by 18 to 1,914 LYNN DOAN and RICHARD STUBBE HOUSTON (Bloomberg) Rigs targeting oil and natural gas in the U.S. increased by 18 this week to 1,914, according to Baker Hughes. Oil rigs rose by

...»

Texas accounts for 49% of active land rigs, RCC says

AUSTIN, Texas -- The Texas average rig count as of Aug. 15, was 899, representing about 49% of all active land rigs in the U.S. In the last 12 months, total Texas reported production was 802 MMbbl of oil and 7.9 Tcf of natural gas.

...»

Noble Energy discovers additional pay at Katmai and Dantzler in deepwater Gulf of Mexico

Noble Energy discovers additional pay at Katmai and Dantzler in deepwater Gulf of Mexico HOUSTON Noble Energy has announced final well results at the Katmai exploration well and the Dantzler appraisal well in the deepwater Gulf of Mexico. At Katmai,

...»

Rail deliveries of U.S. oil continue to increase in 2014, EIA reports

WASHINGTON, D.C. -- The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA has reported. In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per week, according to the Association of American Railroads (AAR).

...»

U.S. liquid fuels production growth more than offsets supply disruptions, EIA says

WASHINGTON, D.C. -- Record-setting liquid fuels production growth in the U.S. has more than offset the rise in unplanned global supply disruptions over the past few years, although differences in quality and location suggest that the substitution may not be exactly 1-for-1, the EIA has reported.

...»

Eni reports successful results of unconventional oil exploration in West Texas

Eni reports successful results of unconventional oil exploration in West Texas SAN DONATO MILANESE, Italy Eni reported the successful initial results of its first horizontal well (Stallings 1H) under the agreement with Quicksilver Resources, aiming at jointly evaluating, exploring and

...»

Shell to cut costs at Canadian operations to remain competitive

Shell to cut costs at Canadian operations to remain competitive JEREMY VAN LOON THE HAGUE, Netherlands (Bloomberg) Royal Dutch Shell Plc plans to lower costs at its Canadian operations to ensure the business remains competitive with other regions. Shell, whose

...»

ArcLight said to seek $4 bn for energy fund as deals surge

ArcLight said to seek $4 bn for energy fund as deals surge SABRINA WILLMER BOSTON, Massachusetts (Bloomberg) ArcLight Capital Partners LLC is seeking $4 billion for a private equity fund to take advantage of rising demand for infrastructure to support

...»

WPX adds partner to accelerate development of Trail Ridge properties

TULSA, Oklahoma -- WPX Energy has closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston-based G2X Energy. The Trail Ridge development is part of WPX' s position in western Colorado' s Piceance Basin Highlands. WPX will remain as operator.

...»

WPX Energy adds partner to accelerate development of Trail Ridge Properties

WPX Energy adds partner to accelerate development of Trail Ridge Properties TULSA, Oklahoma WPX Energy reported that it closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston based G2X Energy. The Trail

...»

URTeC 2014: Baker Hughes introduces fracture analysis services to increase production and ultimate recovery

URTeC 2014 Baker Hughes introduces fracture analysis services to increase production and ultimate recovery DENVER Baker Hughes has announced the commercial release of its StageWatch fracture analysis services that include monitoring sleeves and retrievable pressure temperature (P T) gauges to

...»

MicroSeismic announces FracRx

HOUSTON -- MicroSeismic has announced the release of its latest technology, FracRx, a proprietary service which allows operators to increase asset values by optimizing the treatment of each well. The FracRx service integrates microseismic data with an operator’s pump and geological data to track the growth of the fracture network in all directions and determine how the cumulative fracture area grows with injected fluid volume.

...»

Fracing link to birth defects probed as further studies sought

AURORA, Colorado (Bloomberg) -- The first research into the effects of oil and gas development on babies born near wells has found potential health risks. Government officials, industry advocates and the researchers themselves say more studies are needed before drawing conclusions. While the findings are still preliminary, any documented hazards threaten to cast a shadow over hydraulic fracturing, or fracing. “It’s not really well understood how the environment interacts with genetics to produce these birth defects,” said Lisa McKenzie of the Colorado School of Public Health, who conducted research published in January in the journal Environmental Health Perspectives. “We really need to do more study to see what the association is, if any, with natural gas development.”

...»

Kurds win dismissal of seizure order on oil tanker off Texas

HOUSTON (Bloomberg) -- The Kurdistan Regional Government can bring $100 million of crude ashore in Texas after a U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry until a court there decided which government owns it. U.S. District Judge Gray Miller in Houston said he lacked authority under federal laws governing property stolen at sea to decide the dispute. Both Iraq’s central government and the regional government claim control of 1 MMbbl of Kurdish crude waiting in a tanker moored in international waters off the Texas coast for almost a month.

...»

Bristow Group names Chet Akiri SVP and Chief Corporate Development, New Ventures and Strategy Officer

Bristow Group names Chet Akiri SVP and Chief Corporate Development, New Ventures and Strategy Officer HOUSTON, Texas Bristow Group Inc., reported that it has appointed Chet Akiri tothe position of SVP and Chief Corporate Development, New Ventures and Strategy Officer.

...»

McDermott names Stuart Spence as new EVP, CFO

McDermott names Stuart Spence as new EVP, CFO HOUSTON, Texas McDermott International, Inc. (McDermott) stated that Stuart Spence has been appointed EVP and CFO following the departure of Perry L. Elders, SVP and CFO, effective August 23, 2014. Mr. Elders

...»

Contact Exploration's Kakwa development continues with successful multi-well pad drilling

Contact Exploration' s Kakwa development continues with successful multi well pad drilling CALGARY, Alberta Contact Exploration Inc. (Contact) stated that the three Contact operated wells, at 2 18 63 5 W6M, 8 20 63 5 W6M and 9 20 63 5

...»

Cecon takes delivery of Cecon Pride

Cecon takes delivery of Cecon Pride ARENDAL, Norway Cecon ASA (Cecon) has taken delivery of their first vessel Cecon Pride from Davie Yards on Aug. 25, and the vessel is to depart for the Mediterranean at first high tide. Cecon

...»

URTeC 2014: Baker Hughes introduces Navi-Drill motors for high-performance shale drilling

Baker Hughes introduces Navi Drill motors for high performance shale drilling DENVER Baker Hughes has announced the commercial release of two new motors designed for drilling unconventional reservoirs. The 7 in. Navi Drill Ultra XL45 offers high power and torque

...»

URTeC 2014: Integrating geosciences and technologies to develop unconventional plays

URTeC 2014 Integrating geosciences and technologies to develop unconventional plays PRAMOD KULKARNI, Editor DENVER – The second annual Unconventional Resources Technology Conference (URTeC) opened with a plenary session focusing on a multidisciplinary approach to state of the art breakthroughs, pragmatic

...»

ONS '14: U.S. shale causing imminent need for NCS cost reductions

ONS ' 14 U.S. shale causing imminent need for NCS cost reductions ANNE EKERN, Contributing Editor STAVANGER, Norway Oil companies and suppliers agree that there is an urgent need for significant cost reductions on the Norwegian Continental Shelf (NCS). Entering into

...»

Reforms could increase Mexico’s long-term oil production by 75%, EIA says

WASHINGTON D.C. -- Energy reform could increase Mexico’s long-term oil production by 75%, the Energy Information Administration (EIA) has said. On Aug. 11, Mexico' s president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned Pemex.

...»

Brent, WTI prices reverse decline as Libya tensions persist

LONDON (Bloomberg) -- Brent crude reversed losses to trade little changed in London amid continued turmoil in Libya and Iraq. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading. Futures dropped as much as 0.6% in London. Islamist militias seized Tripoli’s international airport in Libya, as political factions struggled to form a new government in war-torn Iraq. CME Group Inc., the world’s largest futures market, halted most of its Globex platform for about four hours, suspending contracts including oil and commodities.

...»

SNC-Lavalin completes landmark acquisition of Kentz

SNC Lavalin completes landmark acquisition of Kentz MONTREAL, Canada SNC Lavalin Group Inc reported that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry leading engineering, construction

...»

Pemex says tax burden bloated by water content in oil barrels

MEXICO CITY (Bloomberg) -- Petroleos Mexicanos, the crude producer that accounts for about a third of state revenue in Mexico, said it pays taxes on oil production volume that’s inflated by water and other measurement inaccuracies. Under existing law, the company known as Pemex pays some taxes based on reported volume at the wellhead, it said by email Aug. 22. In the statement, Pemex cut its year-to-date production to 2.34 MMbpd from a previously reported 2.47 million. Output was overstated because of water content and inefficient measuring and separation systems.

...»

Kurds claim to stranded oil may turn on when Iraq lost control

HOUSTON (Bloomberg) – Iraq and the Kurdistan Regional Government must wait awhile longer for a U.S. judge to decide if he has authority to let federal agents seize $100 million worth of Kurdish crude waiting in a tanker off the Texas coast. Lawyers for the Iraqi Ministry of Oil convinced a magistrate judge last month to issue an arrest warrant for the 1 MMbbl cargo if the tanker enters U.S. territorial waters. That order would let U.S. marshals store the oil ashore at Iraqi expense until the dispute is resolved.

...»

U.S. oil rigs decline by most since 2012, Baker Hughes says

HOUSTON (Bloomberg) -- Oil rigs targeting oil in the U.S. declined by 25 this week to 1,564, according to Baker Hughes Inc. The drop was the largest since December 2012. Total rigs fell by 17 to 1,896, data posted on the company’s website show. The gas count increased by nine to 330, the Houston-based field services company said. Rigs fell the most in the Permian basin of Texas and New Mexico, dropping by three to 555.

...»

PetroVietnam sees Exxon pact by 2015 in $10 bn project

HANOI, Vietnam (Bloomberg) -- Vietnam Oil & Gas Group Chief Executive Do Van Hau said the company may reach an agreement by next year with Exxon Mobil Corp. on a $10 billion natural gas and power project, the country’s biggest of its kind. Vietnam’s plans to develop its natural gas fields, estimated to be the fourth-largest in East Asia, received a boost from Exxon’s gas discovery off the coast in 2012, which Hau described last year as “huge.” The first phase of the project would pipe gas from the field to a processing station from which it will be used to fuel a planned 2,500 megawatt power plant, Hau said in an interview in his Hanoi office on Aug. 19. The power plant, one of the country’s biggest, will help alleviate electricity shortages that are dragging on the $171 billion economy.

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Enbridge avoids U.S. review with plan to boost oil sands flow

CALGARY, Alberta (Bloomberg) -- Enbridge Inc. said it found a way to ship more Alberta oil to the U.S. that doesn’t require a review similar to the one faced by Keystone XL: switching crude from one pipeline to another before it crosses the border. The State Department, responsible for approving cross-border energy projects like the Alberta Clipper and the proposed Keystone XL line to the U.S. Gulf Coast, said in a statement that Enbridge can go forward with its plan under authority granted by previously issued permits. The plan drew criticism from environmental groups, including the National Wildlife Federation, opposed to new imports from Canada’s oil sands because mining and processing the fuel releases more climate-warming carbon than other types of crude.

...»

FCS-500M highly customized mobile unit that captures NGL’s

FCS 500M highly customized mobile unit that captures NGL’s NEEDVILLE, Texas Croft Production Systems, Inc. has taken another step toward revolutionizing the way gas and oil is being processed. The newest edition to the Croft line up is a mobile

...»

FCS-500M highly customized mobile unit that captures NGL’s

FCS 500M highly customized mobile unit that captures NGL’s NEEDVILLE, Texas Croft Production Systems, Inc. has taken another step toward revolutionizing the way gas and oil is being processed. The newest edition to the Croft line up is a mobile

...»

Baker Hughes said to be favorite for main Petrobras drilling job

HOUSTON (Bloomberg) -- Baker Hughes Inc. is poised to win the biggest contract in Petroleo Brasileiro SA’s $1.5 billion to $2 billion offshore drilling program after placing the lowest cost bid, two people with knowledge of the tender said.

...»

U.S. oil imports fell to 19-year low for July, API report shows

WASHINGTON, D.C. (Bloomberg) -- U.S. imports of crude and fuel in July dropped to the lowest level for the month in 19 years as domestic production rose, the American Petroleum Institute said. Imports slid to 9.06 MMbpd, the least for July since 1995, the industry-funded group said Aug. 21 in a monthly report. Domestic crude-oil production rose to the highest July level since 1986, staying above 8 MMbpd for a sixth month.

...»

Ryan Directional Services selects Alcoa's drill pipe for North American shale

HOUSTON -- Ryan Directional Services, a division of Nabors, has selected Alcoa’s oil and gas drill pipe for its onshore horizontal drilling applications across North American shale plays. Under the agreement, Ryan has exclusive rights to deploy Alcoa’s FarReach alloy drill pipe for use with directional mud motor technology in horizontal drilling.

...»

Permian shale boom upending values of heavy and light crude

MIDLAND, Texas (Bloomberg) -- Skyrocketing oil production in the Permian basin has reversed a decades-old price relationship between heavy and light crude in the U.S.’s largest oil patch. West Texas Sour traded at a $5-a-barrel premium to West Texas Intermediate in Midland, Texas, Aug. 20 after reaching $10 on Aug. 19, the highest level in Bloomberg data dating back to 1989.

...»

Robust activity is heating up North American frac market, PacWest says

HOUSTON -- PacWest Consulting Partners forecasts strong market growth in the North American market for hydraulic fracturing services through 2016 due to robust drilling and completion (D&C) activity, with frac pricing increases expected through 2015. Tightening market conditions are resulting in supply chain constraints in key growth plays. Constraints in the availability of frac sand and the logistics capacity to transport the frac sand are leading to cost escalation and work delays. PacWest provides an in-depth analysis and set of forecasts for the North American and International frac markets in the 14Q2 release of its PumpingIQ report, just published on Aug. 15.

...»

Whitecap Resources buys Albertan light oil assets for $266.7 mn

Whitecap Resources buys Albertan light oil assets for $266.7 mn CALGARY, Alberta Whitecap Resources Inc (Whitecap) reported that we have successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool

...»

BP names new CEO of U.S. Shale unit

BP names new CEO of U.S. Shale unit HOUSTON, Texas – BP stated that it has named David Lawler CEO of its US Lower 48 Onshore business. Lawler, who brings more than 20 years of industry experience to the role,

...»

Global wins, Tesoro waits on bringing Bakken crude to West

WALTHAM, Massachusetts (Bloomberg) -- Just as Global Partners LP gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. learned its plans for a similar project in neighboring Washington will have to wait. The projects are among several oil-by-rail proposals facing rising opposition after a series of derailments added to questions about the safety of carrying crude by train. Terminals are being developed across the western U.S. as refiners, lacking pipeline access, turn to rail to move crude from shale formations where output is booming.

...»

Western Gulf of Mexico lease sale yields $110 million in high bids

NEW ORLEANS, Louisiana -- Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to create jobs and home-grown energy through the safe and responsible exploration and development of offshore energy resources,” said Interior Deputy Secretary Mike Connor. “The Gulf of Mexico has been and will continue to be a cornerstone of our domestic energy portfolio, with vital energy resources that spur economic opportunities and further reduce our dependence on foreign oil.”

...»

Alaska rejects return to Palin-backed oil tax, early votes show

ANCHORAGE, Alaska (Bloomberg) -- Alaskans are set to reject former Governor Sarah Palin’s sliding tax scale for oil production with early voting pointing to retaining a law that sets a flat rate in an effort to arrest declining output from the North Slope.

...»

ClearSign contracts with Aera Energy LLC to demonstrate next-generation NOx emissions control technology in California's San Joaquin Valley

ClearSign contracts with Aera Energy LLC to demonstrate next generation NOx emissions control technology in California' s San Joaquin Valley SEATTLE ClearSign Combustion Corporation reported that it has entered into a Field Test Agreement with Aera Energy LLC to demonstrate and

...»

Integrated Drilling Equipment names Martin Paulk as Senior VP

Integrated Drilling Equipment names Martin Paulk as Senior VP SPRING, Texas Jim Terry, CEO of Integrated Drilling Equipment Holdings Corp. (IDE), stated the appointment of Martin (Marty) Paulk, 52, as SVP of Sales, Marketing and Strategic Implementation, effective immediately. Prior

...»

FMC nets order for five additional subsea manifolds from Petrobras

HOUSTON -- FMC Technologies has received an order for five subsea manifolds from Petrobras, Brazil' s national oil company, for its pre-salt fields located offshore Brazil. The order represents the balance of the 16 subsea manifolds ordered under a frame agreement in 2013.

...»

Canada oil train crash report finds new safety steps needed

LAC-MEGANTIC, Quebec (Bloomberg) -- Canada must take a greater role to improve rail safety and demand railroads put measures in place to prevent runaway trains such as the one that destroyed the downtown of Lac-Megantic, Quebec last year, the Transportation Safety Board said. In its 181-page report, the board found 18 causes that contributed to the accident -- including a “weak” safety culture at Montreal, Maine & Atlantic Railway Ltd.; “poor” training of employees; tank cars that didn’t offer enough protection, and not enough safety audits by the government’s transportation department.

...»

URTeC prepares to take center stage in Colorado

URTeC prepares to take center stage in Colorado TULSA, Oklahoma The second edition of the Unconventional Resources Technology Conference (URTeC) takes center stage 25 27 August at the Colorado Convention Center in Denver, CO. The 2014 event highlights unconventional resource

...»

Apache find in Australia may boost possible sale value

HOUSTON (Bloomberg) -- Apache Corp., the U.S. oil producer weighing plans to sell international assets after investor pressure, announced the largest discovery in 20 years off the coast of Western Australia. The Canning basin may hold as many as 300 MMbbl of oil, according to six samples from a well about 110 miles (180 km) north of Port Hedland, the Houston, Texas-based company said in a statement. Apache holds a 40% stake in the area that includes the Phoenix South-1 well. One of its partners, Carnarvon Petroleum Ltd., rose the most in 24 years on the news.

...»

Oceanografia to keep Pemex contracts in bankruptcy, judge rules

CIUDAD DEL CARMEN, Mexico (Bloomberg) -- A judge in Mexico ordered state oil company Petroleos Mexicanos not to cancel contracts with Oceanografia SA, the services provider that Citigroup Inc. says defrauded the bank of $400 million. The Aug. 15 decision, released Aug. 18 on a Mexican judiciary agency’s website, requires Pemex to allow the Ciudad del Carmen-based company to continue working on existing projects.

...»

Enbridge’s Midwest pipeline can proceed, federal court rules

CALGARY, Alberta (Bloomberg) -- Enbridge Inc.’s pipeline to carry tar sands oil between Oklahoma and Illinois can proceed, a federal judge ruled, as companies expand their capacity to move petroleum in the U.S. “Because a private company is constructing the 589-mile pipeline on mostly privately owned land that is entirely within the territorial borders of the United States, no federal statute authorizes the federal government to oversee or regulate the construction project,” U.S. District Judge Ketanji Brown Jackson in Washington said Aug. 18 in a written ruling.

...»

Wood Group Intetech establishes global database of well component reliability information

ABERDEEN -- Wood Group Intetech (WG Intetech), a provider of well integrity management services, has developed a new software platform for analyzing global well component reliability data. Called iQRA, the tool provides operators with insight to make better, more informed decisions about the selection of well and oilfield components.

...»

Fairmount Santrol renaming reflects history of two brands

CHESTERLAND, Ohio -- Fairmount Minerals announced that it is adopting a new name—Fairmount Santrol—to better reflect the combined strength and history of the company' s Fairmount Minerals and Santrol brand names.

...»

Wärtsilä to supply control system for Harvey Gulf shore-based LNG fueling facility

HELSINKI, Finland -- The contract for the control system for a shore-based LNG fueling facility in Port Fourchon, La., has been awarded to Wärtsilä. The facility is owned by Harvey Gulf International Marine, an owner-operator of offshore supply and specialty vessels headquartered in New Orleans. It will be used to supply fuel to Harvey Gulf' s fleet of LNG-powered platform supply vessels (PSV), and will be the first source of LNG fuel in the Gulf of Mexico. The order was placed in July.

...»

Repsol runs BlueDock connectors in Trinidad and Tobago

Repsol runs BlueDock connectors in Trinidad and Tobago HOUSTON Repsol has recently run BlueDock connectors with elastomeric seals in Trinidad and Tobago. The operation took place in the Arima 2 well, on a Jackup platform at a water depth of

...»

Discovery may herald new Australian oil province, Apache says

HOUSTON (Bloomberg) -- Apache Corp. said its first major discovery in the Canning Basin may herald a new oil “province” for Australia, prompting the shares of its exploration partner to jump the most in 24 years. The Phoenix South-1 well found oil in four locations and measurements from six samples indicate the reservoir may hold as many as 300 MMbbl of oil, the Houston, Texas-based producer said in a statement.

...»

DOF Subsea AS has been awarded several contracts

DOF Subsea AS has been awarded several contracts STOREBO, Norway DOF Subsea AS has been awarded several contracts, with a total value of approx. NOK 475 mn. In the Asia Pacific region, DOF Subsea has been awarded several contracts including

...»

Pemex CEO begins Chevron-to-BP talks as output prospects dim

MEXICO CITY (Bloomberg) -- For Petroleos Mexicanos CEO Emilio Lozoya, the arrival of foreign oil producers after a 76-year hiatus can’t come soon enough. Facing deteriorating output and a lack of resources to develop new finds, the 39-year-old former World Economic Forum executive said he’s in talks with all major producers as Mexico accelerates the opening of its oil industry. At the same time, he’s considering revising production estimates as water content rises at aging fields such as Cantarell, once the world’s third-largest deposit.

...»

Baker Hughes said to be favorite for main Petrobras drilling job

HOUSTON (Bloomberg) -- Baker Hughes Inc. is poised to win the biggest contract in Petroleo Brasileiro SA’s $1.5 billion to $2 billion offshore drilling program after placing the lowest cost bid, two people with knowledge of the tender said.

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U.S. oil imports fell to 19-year low for July, API report shows

WASHINGTON, D.C. (Bloomberg) -- U.S. imports of crude and fuel in July dropped to the lowest level for the month in 19 years as domestic production rose, the American Petroleum Institute said. Imports slid to 9.06 MMbpd, the least for July since 1995, the industry-funded group said Aug. 21 in a monthly report. Domestic crude-oil production rose to the highest July level since 1986, staying above 8 MMbpd for a sixth month.

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Ryan Directional Services selects Alcoa's drill pipe for North American shale

HOUSTON -- Ryan Directional Services, a division of Nabors, has selected Alcoa’s oil and gas drill pipe for its onshore horizontal drilling applications across North American shale plays. Under the agreement, Ryan has exclusive rights to deploy Alcoa’s FarReach alloy drill pipe for use with directional mud motor technology in horizontal drilling.

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Robust activity is heating up North American frac market, PacWest says

HOUSTON -- PacWest Consulting Partners forecasts strong market growth in the North American market for hydraulic fracturing services through 2016 due to robust drilling and completion (D&C) activity, with frac pricing increases expected through 2015. Tightening market conditions are resulting in supply chain constraints in key growth plays. Constraints in the availability of frac sand and the logistics capacity to transport the frac sand are leading to cost escalation and work delays. PacWest provides an in-depth analysis and set of forecasts for the North American and International frac markets in the 14Q2 release of its PumpingIQ report, just published on Aug. 15.

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Permian shale boom upending values of heavy and light crude

MIDLAND, Texas (Bloomberg) -- Skyrocketing oil production in the Permian basin has reversed a decades-old price relationship between heavy and light crude in the U.S.’s largest oil patch. West Texas Sour traded at a $5-a-barrel premium to West Texas Intermediate in Midland, Texas, Aug. 20 after reaching $10 on Aug. 19, the highest level in Bloomberg data dating back to 1989.

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Whitecap Resources buys Albertan light oil assets for $266.7 mn

Whitecap Resources buys Albertan light oil assets for $266.7 mn CALGARY, Alberta Whitecap Resources Inc (Whitecap) reported that we have successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool

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BP names new CEO of U.S. Shale unit

BP names new CEO of U.S. Shale unit HOUSTON, Texas – BP stated that it has named David Lawler CEO of its US Lower 48 Onshore business. Lawler, who brings more than 20 years of industry experience to the role,

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Global wins, Tesoro waits on bringing Bakken crude to West

WALTHAM, Massachusetts (Bloomberg) -- Just as Global Partners LP gained approval to unload more oil from rail cars at a marine terminal in Oregon, Tesoro Corp. learned its plans for a similar project in neighboring Washington will have to wait. The projects are among several oil-by-rail proposals facing rising opposition after a series of derailments added to questions about the safety of carrying crude by train. Terminals are being developed across the western U.S. as refiners, lacking pipeline access, turn to rail to move crude from shale formations where output is booming.

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Western Gulf of Mexico lease sale yields $110 million in high bids

NEW ORLEANS, Louisiana -- Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to create jobs and home-grown energy through the safe and responsible exploration and development of offshore energy resources,” said Interior Deputy Secretary Mike Connor. “The Gulf of Mexico has been and will continue to be a cornerstone of our domestic energy portfolio, with vital energy resources that spur economic opportunities and further reduce our dependence on foreign oil.”

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Alaska rejects return to Palin-backed oil tax, early votes show

ANCHORAGE, Alaska (Bloomberg) -- Alaskans are set to reject former Governor Sarah Palin’s sliding tax scale for oil production with early voting pointing to retaining a law that sets a flat rate in an effort to arrest declining output from the North Slope.

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ClearSign contracts with Aera Energy LLC to demonstrate next-generation NOx emissions control technology in California's San Joaquin Valley

ClearSign contracts with Aera Energy LLC to demonstrate next generation NOx emissions control technology in California' s San Joaquin Valley SEATTLE ClearSign Combustion Corporation reported that it has entered into a Field Test Agreement with Aera Energy LLC to demonstrate and

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Integrated Drilling Equipment names Martin Paulk as Senior VP

Integrated Drilling Equipment names Martin Paulk as Senior VP SPRING, Texas Jim Terry, CEO of Integrated Drilling Equipment Holdings Corp. (IDE), stated the appointment of Martin (Marty) Paulk, 52, as SVP of Sales, Marketing and Strategic Implementation, effective immediately. Prior

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FMC nets order for five additional subsea manifolds from Petrobras

HOUSTON -- FMC Technologies has received an order for five subsea manifolds from Petrobras, Brazil' s national oil company, for its pre-salt fields located offshore Brazil. The order represents the balance of the 16 subsea manifolds ordered under a frame agreement in 2013.

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Canada oil train crash report finds new safety steps needed

LAC-MEGANTIC, Quebec (Bloomberg) -- Canada must take a greater role to improve rail safety and demand railroads put measures in place to prevent runaway trains such as the one that destroyed the downtown of Lac-Megantic, Quebec last year, the Transportation Safety Board said. In its 181-page report, the board found 18 causes that contributed to the accident -- including a “weak” safety culture at Montreal, Maine & Atlantic Railway Ltd.; “poor” training of employees; tank cars that didn’t offer enough protection, and not enough safety audits by the government’s transportation department.

...»

URTeC prepares to take center stage in Colorado

URTeC prepares to take center stage in Colorado TULSA, Oklahoma The second edition of the Unconventional Resources Technology Conference (URTeC) takes center stage 25 27 August at the Colorado Convention Center in Denver, CO. The 2014 event highlights unconventional resource

...»

DOF Subsea AS has been awarded several contracts

DOF Subsea AS has been awarded several contracts STOREBO, Norway DOF Subsea AS has been awarded several contracts, with a total value of approx. NOK 475 mn. In the Asia Pacific region, DOF Subsea has been awarded several contracts including

...»

Apache find in Australia may boost possible sale value

HOUSTON (Bloomberg) -- Apache Corp., the U.S. oil producer weighing plans to sell international assets after investor pressure, announced the largest discovery in 20 years off the coast of Western Australia. The Canning basin may hold as many as 300 MMbbl of oil, according to six samples from a well about 110 miles (180 km) north of Port Hedland, the Houston, Texas-based company said in a statement. Apache holds a 40% stake in the area that includes the Phoenix South-1 well. One of its partners, Carnarvon Petroleum Ltd., rose the most in 24 years on the news.

...»

Oceanografia to keep Pemex contracts in bankruptcy, judge rules

CIUDAD DEL CARMEN, Mexico (Bloomberg) -- A judge in Mexico ordered state oil company Petroleos Mexicanos not to cancel contracts with Oceanografia SA, the services provider that Citigroup Inc. says defrauded the bank of $400 million. The Aug. 15 decision, released Aug. 18 on a Mexican judiciary agency’s website, requires Pemex to allow the Ciudad del Carmen-based company to continue working on existing projects.

...»

Enbridge’s Midwest pipeline can proceed, federal court rules

CALGARY, Alberta (Bloomberg) -- Enbridge Inc.’s pipeline to carry tar sands oil between Oklahoma and Illinois can proceed, a federal judge ruled, as companies expand their capacity to move petroleum in the U.S. “Because a private company is constructing the 589-mile pipeline on mostly privately owned land that is entirely within the territorial borders of the United States, no federal statute authorizes the federal government to oversee or regulate the construction project,” U.S. District Judge Ketanji Brown Jackson in Washington said Aug. 18 in a written ruling.

...»

Wood Group Intetech establishes global database of well component reliability information

ABERDEEN -- Wood Group Intetech (WG Intetech), a provider of well integrity management services, has developed a new software platform for analyzing global well component reliability data. Called iQRA, the tool provides operators with insight to make better, more informed decisions about the selection of well and oilfield components.

...»

Fairmount Santrol renaming reflects history of two brands

CHESTERLAND, Ohio -- Fairmount Minerals announced that it is adopting a new name—Fairmount Santrol—to better reflect the combined strength and history of the company' s Fairmount Minerals and Santrol brand names.

...»

Wärtsilä to supply control system for Harvey Gulf shore-based LNG fueling facility

HELSINKI, Finland -- The contract for the control system for a shore-based LNG fueling facility in Port Fourchon, La., has been awarded to Wärtsilä. The facility is owned by Harvey Gulf International Marine, an owner-operator of offshore supply and specialty vessels headquartered in New Orleans. It will be used to supply fuel to Harvey Gulf' s fleet of LNG-powered platform supply vessels (PSV), and will be the first source of LNG fuel in the Gulf of Mexico. The order was placed in July.

...»

Repsol runs BlueDock connectors in Trinidad and Tobago

Repsol runs BlueDock connectors in Trinidad and Tobago HOUSTON Repsol has recently run BlueDock connectors with elastomeric seals in Trinidad and Tobago. The operation took place in the Arima 2 well, on a Jackup platform at a water depth of

...»

Discovery may herald new Australian oil province, Apache says

HOUSTON (Bloomberg) -- Apache Corp. said its first major discovery in the Canning Basin may herald a new oil “province” for Australia, prompting the shares of its exploration partner to jump the most in 24 years. The Phoenix South-1 well found oil in four locations and measurements from six samples indicate the reservoir may hold as many as 300 MMbbl of oil, the Houston, Texas-based producer said in a statement.

...»

Pemex CEO begins Chevron-to-BP talks as output prospects dim

MEXICO CITY (Bloomberg) -- For Petroleos Mexicanos CEO Emilio Lozoya, the arrival of foreign oil producers after a 76-year hiatus can’t come soon enough. Facing deteriorating output and a lack of resources to develop new finds, the 39-year-old former World Economic Forum executive said he’s in talks with all major producers as Mexico accelerates the opening of its oil industry. At the same time, he’s considering revising production estimates as water content rises at aging fields such as Cantarell, once the world’s third-largest deposit.

...»

Oil sands at biggest risk from falling crude price, study says

LONDON (Bloomberg) -- ConocoPhillips and Royal Dutch Shell Plc are among global oil companies needing crude prices as high as $150 a barrel to turn a profit from Canada’s oil sands, the costliest petroleum projects in the world, according to a study. The next most-expensive crude projects are in the deep waters off the coasts of Africa and Brazil, with each venture needing prices between $115 and $127 a barrel, said Carbon Tracker Initiative, a London-based think tank and environmental advocacy group, in a report.

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Oil rigs extend record with Bakken drilling at 19-month high

HOUSTON (Bloomberg) -- Rigs targeting oil in the U.S. climbed to a record as drillers sought out crude in the Williston basin, one of the nation’s fastest-growing plays. Oil rigs gained one to 1,589, data posted on Baker Hughes Inc.’s website show. Those targeting crude in the Williston basin, home of the Bakken formation in North Dakota, rose by three to 194, the most since Jan. 18, 2013. The Denver-Julesburg basin and Niobrara formation spread across Colorado and Wyoming also added five oil rigs to reach a record 46, the Houston-based field services company said in an email.

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Layne Christensen will not face charges following U.S. DOJ investigation

THE WOODLANDS, Texas -- Layne Christensen Company announced today that the U.S. Department of Justice has decided to not file any charges against the company in connection with the previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act (FCPA). The DOJ has notified Layne that it considers the matter closed.

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Bright well in deepwater Gulf of Mexico turns up dry

Bright well in deepwater Gulf of Mexico turns up dry HOUSTON Noble Energy announced that the Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons. Drilled to

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Researchers develop new method for oil detection in water

CORPUS CHRISTI, Texas -- A new method for detecting oil degradation in the water, long after the spill has disappeared from the surface, provides another tool for researchers studying long-term environmental impacts.

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Shell divests U.S. onshore gas assets in Pinedale/Haynesville, adds acreage in Marcellus/Utica

HOUSTON -- Shell today announced two separate transactions whereby the company will exit its Pinedale and Haynesville onshore gas assets, in exchange for approximately $2.1 billion in cash, plus additional acreage in the Marcellus and Utica shale areas in Pennsylvania.

...»

Pemex gets all fields with probable reserves before Round Zero

Pemex gets all fields with probable reserves before Round Zero ADAM WILLIAMS MEXICO CITY (Bloomberg) Pemex, preparing for the end of its 76 year state oil monopoly, was granted rights to all the proved and probable oil reserves it sought

...»

Pulse opens new US facility to support growth plans

Pulse opens new US facility to support growth plans HOUSTON, texas Pulse Structural Monitoring Inc., (Pulse), an Acteon company, has opened a new, purpose built facility in Katy, Texas, that will provide modern office, production and testing facilities in an

...»

Rex Energy to acquire Shell affiliate properties in Marcellus, Utica

STATE COLLEGE, Pa. -- Rex Energy Corporation today announced the acquisition of approximately 208,000 gross (207,000 net) acres in the company' s Butler Operated Area.

...»

Eagle Ford ShaleTech Breakfast Series: “Partnerships enable systematic technology development”

Eagle Ford ShaleTech Breakfast Series “Partnerships enable systematic technology development” PRAMOD KULKARNI, Editor SAN ANTONIO – Systematic technology development through operator service company partnerships result in productivity gains was the key message at the inaugural ShaleTech Breakfast Series Eagle Ford,

...»

Pemex gets all fields with probable reserves before Round Zero

Pemex gets all fields with probable reserves before Round Zero ADAM WILLIAMS MEXICO CITY (Bloomberg) Pemex, preparing for the end of its 76 year state oil monopoly, was granted rights to all the proved and probable oil reserves it sought

...»

Pulse opens new US facility to support growth plans

Pulse opens new US facility to support growth plans HOUSTON, texas Pulse Structural Monitoring Inc., (Pulse), an Acteon company, has opened a new, purpose built facility in Katy, Texas, that will provide modern office, production and testing facilities in an

...»

Rex Energy to acquire Shell affiliate properties in Marcellus, Utica

STATE COLLEGE, Pa. -- Rex Energy Corporation today announced the acquisition of approximately 208,000 gross (207,000 net) acres in the company' s Butler Operated Area.

...»

Eagle Ford ShaleTech Breakfast Series: “Partnerships enable systematic technology development”

Eagle Ford ShaleTech Breakfast Series “Partnerships enable systematic technology development” PRAMOD KULKARNI, Editor SAN ANTONIO – Systematic technology development through operator service company partnerships result in productivity gains was the key message at the inaugural ShaleTech Breakfast Series Eagle Ford,

...»

CGG awarded major OBC contract by Pemex

PARIS -- Pemex has awarded CGG a contract worth close to $200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important producing areas, the Ku Maloob Zaap oil field and the light crude oil fields of the Bay of Campeche in the Gulf of Mexico.

...»

OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

HOUSTON -- OneSubsea, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.

...»

Mexico enacts energy initiative, to decide on blocks for bidding this week

MEXICO CITY -- Mexican President Enrique Pena Nieto today signed into law the rules governing the country' s historic opening of the state-run oil, gas and electricity industries to foreign and private companies.

...»

Billionaire Richard Kinder streamlines empire to target midstream rivals

Billionaire Richard Kinder streamlines empire to target midstream rivals JOE CARROLL HOUSTON (Bloomberg) Billionaire Richard Kinder is consolidating his pipeline empire to strengthen it for growth as the U.S. shale drilling boom opens up $1.5 trillion in potential purchases and

...»

Palfinger Marine’s cranes for Transocean’s drillships

Palfinger Marine’s cranes for Transocean’s drillships HOUSTON, Texas Follow up delivery of a PK 150002 MB one year after first delivery, potentially more orders to come, Heavy duty knuckle boom crane PFM 4500 ME sold with UK partner Outreach Ltd.,

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Rose Petroleum appoints new CEO for US Business

Rose Petroleum appoints new CEO for US Business LONDON Rose Petroleum, reported that John Blair has been appointed to the Board of Directors of Rose Petroleum Plc as Director of Oil & Gas, with immediate effect. In addition, John has

...»

Kinder Morgan merges oil, gas, pipeline assets in consolidation

HOUSTON (Bloomberg) -- Kinder Morgan Inc. will merge all its oil and natural gas storage and pipeline partnerships under the corporate parent in a $70 billion consolidation that creates the largest energy infrastructure company in North America. Kinder Morgan, or KMI, will buy all the outstanding equity securities of Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP -- all of which are controlled by the corporation, according to a statement.

...»

CGG awarded major OBC contract by Pemex

PARIS -- Pemex has awarded CGG a contract worth close to $200m for ocean bottom cable (OBC) 3D-4C seismic work in one of the oil company’s most important producing areas, the Ku Maloob Zaap oil field and the light crude oil fields of the Bay of Campeche in the Gulf of Mexico.

...»

OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

HOUSTON -- OneSubsea, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.

...»

Mexico enacts energy initiative, to decide on blocks for bidding this week

MEXICO CITY -- Mexican President Enrique Pena Nieto today signed into law the rules governing the country' s historic opening of the state-run oil, gas and electricity industries to foreign and private companies.

...»

Billionaire Richard Kinder streamlines empire to target midstream rivals

Billionaire Richard Kinder streamlines empire to target midstream rivals JOE CARROLL HOUSTON (Bloomberg) Billionaire Richard Kinder is consolidating his pipeline empire to strengthen it for growth as the U.S. shale drilling boom opens up $1.5 trillion in potential purchases and

...»

Palfinger Marine’s cranes for Transocean’s drillships

Palfinger Marine’s cranes for Transocean’s drillships HOUSTON, Texas Follow up delivery of a PK 150002 MB one year after first delivery, potentially more orders to come, Heavy duty knuckle boom crane PFM 4500 ME sold with UK partner Outreach Ltd.,

...»

Rose Petroleum appoints new CEO for US Business

Rose Petroleum appoints new CEO for US Business LONDON Rose Petroleum, reported that John Blair has been appointed to the Board of Directors of Rose Petroleum Plc as Director of Oil & Gas, with immediate effect. In addition, John has

...»

Kinder Morgan merges oil, gas, pipeline assets in consolidation

HOUSTON (Bloomberg) -- Kinder Morgan Inc. will merge all its oil and natural gas storage and pipeline partnerships under the corporate parent in a $70 billion consolidation that creates the largest energy infrastructure company in North America. Kinder Morgan, or KMI, will buy all the outstanding equity securities of Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP -- all of which are controlled by the corporation, according to a statement.

...»

Blackstone said to be in talks to buy Shell's Haynesville stake

NEW YORK (Bloomberg) -- Blackstone Group LP, the private-equity firm led by billionaire Stephen Schwarzman, is in advanced talks to acquire Royal Dutch Shell Plc’s 50% stake in a shale-gas field in Louisiana, according to a person familiar with the matter.

...»

Blackstone said to be in talks to buy Shell's Haynesville stake

NEW YORK (Bloomberg) -- Blackstone Group LP, the private-equity firm led by billionaire Stephen Schwarzman, is in advanced talks to acquire Royal Dutch Shell Plc’s 50% stake in a shale-gas field in Louisiana, according to a person familiar with the matter.

...»

Delmar receives award for offshore safety

BROUSSARD, Louisiana -- American Equity Underwriters (AEU) presented Delmar Systems with the 2013 Offshore Safety Award at the annual AEU conference in San Diego. This annual award is presented to a selected company that demonstrated outstanding safety performance based on the number and severity of accidents. Out of the companies competing for the Offshore Safety Award, Delmar was the winner with no lost time or OSHA recordable cases in 2013.

...»

Plains All American moving to become next condensate exporter

HOUSTON (Bloomberg) -- Plains All American Pipeline LP says it should be on the list of companies that can export lightly processed oil from the U.S. The company has all the same assets in place that helped Pioneer Natural Resources Co. and Enterprise Products Partners LP get relief from 29-year-old crude export restrictions this year, Plains CEO Greg Armstrong said in a conference call with analysts.

...»

Crude prices rise as Obama authorizes airstrikes in North Iraq

WASHINGTON, D.C. (Bloomberg) -- Crude oil rose as U.S. President Barack Obama authorized airstrikes in parts of Iraq, OPEC’s second-largest producer, while Chevron Corp. said it was withdrawing some workers. Brent futures advanced as much as 1.3% in London and West Texas Intermediate by 1.1% in New York. Obama said Aug. 7 that the strikes, if needed, would be used to protect U.S. personnel and Yezidis, a minority sect concentrated in northern Iraq, who have been targeted by militants and are stranded on a mountain. Conflict in the OPEC producer has so far spared production in Iraq’s south, home to about three-quarters of its crude output.

...»

J2 Subsea opens new US facility and extends ROV tool offering

J2 Subsea opens new US facility and extends ROV tool offering NEW IBERIA, Louisiana J2 Subsea, an Acteon company, has opened a new facility in New Iberia, Louisiana, to make its extensive range of remotely operated vehicle (ROV) tools more

...»

Check-6 deploys the next generation of well control training to Texas Tech University

Check 6 deploys the next generation of well control training to Texas Tech University HOUSTON, Texas Check 6, reported that it has inked a deal with the Bob L. Herd Department of Petroleum Engineering at Texas Tech University. Check 6

...»

HiP comes up with new 1-1/2 inch medium pressure fittings and tubing

HiP comes up with new 1 1 2 inch medium pressure fittings and tubing ERIE, Pennsylvania High Pressure Equipment Company (HiP) has expanded its medium pressure line with the addition of a 1 1 2" OD line of fittings, couplings,

...»

Delmar receives award for offshore safety

BROUSSARD, Louisiana -- American Equity Underwriters (AEU) presented Delmar Systems with the 2013 Offshore Safety Award at the annual AEU conference in San Diego. This annual award is presented to a selected company that demonstrated outstanding safety performance based on the number and severity of accidents. Out of the companies competing for the Offshore Safety Award, Delmar was the winner with no lost time or OSHA recordable cases in 2013.

...»

Plains All American moving to become next condensate exporter

HOUSTON (Bloomberg) -- Plains All American Pipeline LP says it should be on the list of companies that can export lightly processed oil from the U.S. The company has all the same assets in place that helped Pioneer Natural Resources Co. and Enterprise Products Partners LP get relief from 29-year-old crude export restrictions this year, Plains CEO Greg Armstrong said in a conference call with analysts.

...»

Crude prices rise as Obama authorizes airstrikes in North Iraq

WASHINGTON, D.C. (Bloomberg) -- Crude oil rose as U.S. President Barack Obama authorized airstrikes in parts of Iraq, OPEC’s second-largest producer, while Chevron Corp. said it was withdrawing some workers. Brent futures advanced as much as 1.3% in London and West Texas Intermediate by 1.1% in New York. Obama said Aug. 7 that the strikes, if needed, would be used to protect U.S. personnel and Yezidis, a minority sect concentrated in northern Iraq, who have been targeted by militants and are stranded on a mountain. Conflict in the OPEC producer has so far spared production in Iraq’s south, home to about three-quarters of its crude output.

...»

J2 Subsea opens new US facility and extends ROV tool offering

J2 Subsea opens new US facility and extends ROV tool offering NEW IBERIA, Louisiana J2 Subsea, an Acteon company, has opened a new facility in New Iberia, Louisiana, to make its extensive range of remotely operated vehicle (ROV) tools more

...»

Check-6 deploys the next generation of well control training to Texas Tech University

Check 6 deploys the next generation of well control training to Texas Tech University HOUSTON, Texas Check 6, reported that it has inked a deal with the Bob L. Herd Department of Petroleum Engineering at Texas Tech University. Check 6

...»

HiP comes up with new 1-1/2 inch medium pressure fittings and tubing

HiP comes up with new 1 1 2 inch medium pressure fittings and tubing ERIE, Pennsylvania High Pressure Equipment Company (HiP) has expanded its medium pressure line with the addition of a 1 1 2" OD line of fittings, couplings,

...»

U.S. condensate export approval is potential game changer, GlobalData analyst says

LONDON -- The recent approval by the U.S. Department of Energy’s Bureau of Industry and Security (BIS) for two companies to export distilled condensate could be a game changer, opening the door to a significant increase in global exports of both this product and distilled crude oil from the U.S., according to an analyst with research and consulting firm GlobalData.

...»

Mexican oil fields are a boon for Exxon to BP as frontiers teeter

MEXICO CITY (Bloomberg) -- Mexico’s vote on rules for the end of its 76-year state-oil monopoly couldn’t come at a better time for global energy companies from Exxon Mobil Corp. to Royal Dutch Shell Plc. With reserves holding $1.3 trillion of crude at yesterday' s prices, Mexico offers a new opportunity for deep-pocketed producers as well as pipeline and power companies to try and mimic an energy revolution that has spurred U.S. oil output to a 26-year high and pushed Canadian production to records. New access to Mexico comes amid unrest in some African oil nations and sanctions that threaten to strangle Russian output, places where some oil companies have invested heavily in production.

...»

Concho says Permian boom causing sand delivery delays

MIDLAND, Texas (Bloomberg) -- Concho Resources Inc. has faced delays of several hours to get sand for fracing in the Permian basin, as a drilling boom in West Texas has driven up demand and created logistical problems for delivering the material. Talk of a sand shortage is most prominent in the Delaware basin region of the play, Joe Wright, COO of the Midland, Texas-based company, said on its earnings conference call.

...»

Deepwater fracing next frontier for offshore drilling

HOUSTON (Bloomberg) -- Energy companies are taking their fracing operations from the land to the sea -- to deep waters off the U.S., South American and African coasts.

...»

Encana's Deep Panuke back at pre-fire production level

CALGARY, Alberta -- Encana has resumed natural gas production from Deep Panuke following an electrical fire. Production from the facility was temporarily halted after a transformer fire on August 3. However, the fire was “quickly extinguished by the platform’s fire suppression system,” and the facility is now back on line.

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Canadian Natural production surges on Devon assets, Horizon record

CALGARY, Canada (Bloomberg) -- Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, said second-quarter production surged after it completed the purchase of Devon Energy Corp. assets and the Horizon oil-sands mine reached record output. Production climbed to the equivalent of 817,500 bopd, from 623,315 a year earlier, when Horizon was shut for maintenance, Canadian Natural said in a statement.

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FID reached on $10 bn Cameron LNG export project

FID reached on $10 bn Cameron LNG export project SAN DIEGO, California Sempra Energy (SRE) stated that the Cameron Liquefaction Project sponsors, Sempra LNG, GDF SUEZ SA (GDF SUEZ), Mitsui & Co., Ltd. (Mitsui) and Mitsubishi Corporation (Mitsubishi), through a

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ExxonMobil makes new appointments

ExxonMobil makes new appointments IRVING, Texas ExxonMobil Corporation’s board of directors has elected David S. Rosenthal as vice president and controller, and Jeffrey J. Woodbury as vice president of investor relations and secretary, effective September 1. Rosenthal, 58, is currently

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Proserv makes VP appointments

Proserv makes VP appointments HOUSTON, Texas Proserv, has further consolidated its position for future growth by appointing two vice presidents to its senior management team. Paul Douglas has been promoted to the role of VP operations with Bruce Stuart joining

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U.S. condensate export approval is potential game changer, GlobalData analyst says

LONDON -- The recent approval by the U.S. Department of Energy’s Bureau of Industry and Security (BIS) for two companies to export distilled condensate could be a game changer, opening the door to a significant increase in global exports of both this product and distilled crude oil from the U.S., according to an analyst with research and consulting firm GlobalData.

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Mexican oil fields are a boon for Exxon to BP as frontiers teeter

MEXICO CITY (Bloomberg) -- Mexico’s vote on rules for the end of its 76-year state-oil monopoly couldn’t come at a better time for global energy companies from Exxon Mobil Corp. to Royal Dutch Shell Plc. With reserves holding $1.3 trillion of crude at yesterday' s prices, Mexico offers a new opportunity for deep-pocketed producers as well as pipeline and power companies to try and mimic an energy revolution that has spurred U.S. oil output to a 26-year high and pushed Canadian production to records. New access to Mexico comes amid unrest in some African oil nations and sanctions that threaten to strangle Russian output, places where some oil companies have invested heavily in production.

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Concho says Permian boom causing sand delivery delays

MIDLAND, Texas (Bloomberg) -- Concho Resources Inc. has faced delays of several hours to get sand for fracing in the Permian basin, as a drilling boom in West Texas has driven up demand and created logistical problems for delivering the material. Talk of a sand shortage is most prominent in the Delaware basin region of the play, Joe Wright, COO of the Midland, Texas-based company, said on its earnings conference call.

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Deepwater fracing next frontier for offshore drilling

HOUSTON (Bloomberg) -- Energy companies are taking their fracing operations from the land to the sea -- to deep waters off the U.S., South American and African coasts.

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Encana's Deep Panuke back at pre-fire production level

CALGARY, Alberta -- Encana has resumed natural gas production from Deep Panuke following an electrical fire. Production from the facility was temporarily halted after a transformer fire on August 3. However, the fire was “quickly extinguished by the platform’s fire suppression system,” and the facility is now back on line.

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Canadian Natural production surges on Devon assets, Horizon record

CALGARY, Canada (Bloomberg) -- Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, said second-quarter production surged after it completed the purchase of Devon Energy Corp. assets and the Horizon oil-sands mine reached record output. Production climbed to the equivalent of 817,500 bopd, from 623,315 a year earlier, when Horizon was shut for maintenance, Canadian Natural said in a statement.

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FID reached on $10 bn Cameron LNG export project

FID reached on $10 bn Cameron LNG export project SAN DIEGO, California Sempra Energy (SRE) stated that the Cameron Liquefaction Project sponsors, Sempra LNG, GDF SUEZ SA (GDF SUEZ), Mitsui & Co., Ltd. (Mitsui) and Mitsubishi Corporation (Mitsubishi), through a

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ExxonMobil makes new appointments

ExxonMobil makes new appointments IRVING, Texas ExxonMobil Corporation’s board of directors has elected David S. Rosenthal as vice president and controller, and Jeffrey J. Woodbury as vice president of investor relations and secretary, effective September 1. Rosenthal, 58, is currently

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Proserv makes VP appointments

Proserv makes VP appointments HOUSTON, Texas Proserv, has further consolidated its position for future growth by appointing two vice presidents to its senior management team. Paul Douglas has been promoted to the role of VP operations with Bruce Stuart joining

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Encana restarting production following Deep Panuke fire

CALGARY, Alberta -- Natural gas production from Deep Panuke was temporarily halted following an electrical fire at the platform. The transformer fire, which occurred on Sunday, August 3, was “quickly extinguished by the platform’s fire suppression system,” the company said in a statement.

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California takes record Utah oil by rail as Canada volumes slide

SACRAMENTO, California (Bloomberg) -- California, home to two-thirds of refining capacity in the western U.S., brought in a record volume of waxy oil by rail from Utah in June as crude imports from Canada and North Dakota slid. The state, the biggest gasoline market in the U.S., received 2,737 bopd by rail from Utah in June, almost twice the volume of the previous month and up from nothing a year ago, data on the state Energy Commission’s website showed. Canadian oil-by-rail imports dropped 25% to 6,669 bpd. North Dakota shipments shrank by 34% to 4,035.

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Cobalt falls after SEC Angola corruption case moves forward

HOUSTON (Bloomberg) -- Cobalt International Energy Inc. fell more than 10% after it reported a government corruption investigation into its Angola operations may lead to an enforcement action against the global oil producer. Cobalt, based in Houston, received a Wells Notice from the U.S. Securities and Exchange Commission alleging violations of certain securities laws, the company said August 5 in a filing. The notice is part of an investigation dating back to 2011 examining whether Cobalt may have violated the Foreign Corrupt Practices Act in Angola, one of its biggest regions for investment and exploration.

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Colorado activists drop fracing curbs in deal with lawmakers

DENVER, Colorado (Bloomberg) -- Colorado energy drilling backers and opponents, agreeing to avoid an election showdown over an industry worth $30 billion a year to the state, dropped rival measures to restrict fracing and punish towns that curb it. Activists dropped proposals limiting fracing by requiring that it take place 2,000 ft from any occupied building as pro-energy state lawmakers ended a separate bid to deny tax revenue to cities that impose moratoriums or bans. The deal came after Governor John Hickenlooper negotiated a compromise creating a task force to study the industry’s impact on communities.

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Chesapeake profit falls as oversupply drags down gas prices

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., the natural gas producer that announced plans last week to expand in the Rocky Mountains, said profit fell as a supply glut in the U.S. Northeast dragged down prices.

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LINN acquires Hugoton basin assets from Pioneer for $340 mn

LINN Energy reports $340 mn acquisition from Pioneer Natural Resources HOUSTON, Texas LINN Energy, LLC (LINN) and LinnCo, LLC (LinnCo) reported that LINN has signed a definitive purchase agreement to acquire assets in the Hugoton Basin from Pioneer Natural Resources

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Colorado fracing opponents poised to lose local control battle

DENVER, Colorado (Bloomberg) -- Colorado’s compromise with drilling opponents has dealt a blow to environmentalists’ expanding battle to give local communities more control to limit fracing. Governor John Hickenlooper and Representative Jared Polis agreed to a deal that weakened the prospects for two proposed ballot initiatives aimed at restricting oil and gas activity, the two men said at a news conference in Denver.

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MicroSeismic unveils real-time analysis technologies

HOUSTON – MicroSeismic has released new technologies to allow for advanced real-time analysis. As the leader in real-time microseismic imaging, the company has enhanced its capabilities to give clients the opportunity to make critical adjustments at the well site in order to optimize production and reduce costs.

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McClendon’s American Energy buys Utica, Marcellus acreage

OKLAHOMA CITY, Oklahoma -- Affiliates of Aubrey McClendon’s American Energy Partners, LP, have closed on acreage in the Utica and Marcellus shale plays.

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Paragon Offshore completes spin-off from Noble Corporation

Paragon Offshore completes spin off from Noble Corporation HOUSTON, Texas Paragon Offshore Plc (Paragon) reported the completion of its spin off from Noble Corporation Plc (Noble) into a separate, publicly traded company that owns and operates standard specification offshore drilling

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SPE shifts its unconventional focus to URTeC

SPE shifts its unconventional focus to URTeC TULSA, Oklahoma The Society of Petroleum Engineers (SPE), a partner with the American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG) in the Unconventional Resources Technology Conference (URTeC), has

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Colorado governor deal seeks to head off oil regulation vote

DENVER, Colorado (Bloomberg) -- Oil producers led by Noble Energy Inc. and Anadarko Petroleum Corp. rose as much as 9% after Colorado’s governor struck a deal that may avert a November vote on increasing regulation over the industry.

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CGG completes Avalon 3D seismic survey in Delaware basin

PARIS -- CGG has completed field acquisition of the 282 sq mi Avalon 3D seismic survey in Reeves and Loving Counties, Texas. Completed in 61 days, the high-end 400-fold broadband data establishes a new standard in high-end acquisition. Targeting the Bone Springs, Wolfcamp and Cline formations in one of North America’s most prolific basins, the newly acquired data is part of a CGG-proprietary solution that ties the geophysical data to the geology using a multi-disciplinary approach.

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Bakken drives North Dakota’s production over 1MMbopd

WASHINGTON, D.C. -- North Dakota crude oil production surpassed 1.0 MMbpd in April and May. This record is the result of increasing crude oil production from the Williston basin' s Bakken and Three Forks formations in North Dakota and eastern Montana, according to the Energy Information Administration’s Today in Energy report.

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Indonesia issues environmental permit for BP’s Tangguh LNG expansion project

JAKARTA, Indonesia -- BP has announced that the Government of Indonesia, through the Ministry of Environment, has approved the Tangguh Expansion Project Integrated AMDAL environmental and social impact assessment and issued the project an environmental permit.

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IWCF to launch taskforces to improve well control training

MONTROSE, United Kingdom -- The International Well Control Forum (IWCF) is establishing technical taskforces involving industry specialists to help drive up the quality of well control training, ensuring it remains current and relevant. The independent, not-for-profit organization, which sets international training standards for well control, is making the move as part of a raft of new measures in response to the International Association of Oil and Gas Producers (OGP) guidelines following the Macondo incident in the Gulf of Mexico in 2010.

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ExxonMobil VP, Controller set to retire

ExxonMobil VP, Controller set to retire IRVING, Texas Patrick T. Mulva, vice president and controller of ExxonMobil Corporation , has stated his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva, 63, joined Exxon

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Apache’s exit won’t doom Kitimat LNG in Canada, Chevron says

HOUSTON (Bloomberg) -- Chevron Corp. said it will seek out a new partner for a proposed natural gas export terminal on Canada’s Pacific Coast after Apache Corp. indicated it will depart from the project.

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American Energy - Permian Basin names new CFO

OKLAHOMA CITY, Oklahoma -- American Energy - Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), has named Jeffrey L. Mobley as the company’s CFO.

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Early Bakken bets position rail shippers for export rush

WALTHAM, Massachusetts (Bloomberg) -- When Eric Slifka landed in North Dakota’s Bakken shale field three years ago, he says he was overcome by “this feeling of a lot of growth. You could feel the pressure.” The fervor was so strong that Slifka, CEO of Global Partners LP in Waltham, Massachusetts, decided in that single trip to carry Bakken crude on railcars that his company had been using to haul ethanol to New York. His first full trains started a wave of deliveries that rescued East Coast refiners from the brink of closing amid the rising cost of oil imported from Africa and the North Sea.

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Geokinetics purchases CGG's North America seismic land contract acquisition business

Geokinetics purchases CGG' s North America seismic land contract acquisition business HOUSTON Geokinetics has signed a binding agreement with CGG for the purchase of CGG' s North American land seismic contract acquisition business. Through this agreement, CGG will contribute its North America

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As one Kurdish oil tanker waits off Texas, another heads to New Jersey

PAULSBORO, New Jersey (Bloomberg) -- As a tanker filled with disputed Kurdish oil sits off the coast of Texas for a fifth day, another shipment may be making its way to the East Coast. The Minerva Joy left Dortyol, Turkey, a port tied to Kurdish oil exports, on July 23 and is due to dock in Paulsboro, New Jersey, on Aug. 11, according to shipping data compiled by Bloomberg.

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Enbridge's second-quarter profit rises with crude transport

CALGARY, Alberta (Bloomberg) -- Enbridge said second-quarter profit surged on increased demand to move oil on its Seaway and regional pipeline networks. Net income rose to C$756 million ($691 million), or 91 cents a share, from C$42 million, or 5 cents, a year earlier, the Calgary-based company said in a statement.

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Bechtel appoints Brendan Bechtel as President and COO

Bechtel appoints Brendan Bechtel as President and COO RESTON, Virginia Bechtel Corporation (Bechtel) reported that Brendan Bechtel will become President and COO and a member of the board of directors of Bechtel Group, Inc. He will report to Bill Dudley,

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Apache exit seen threatening Chevron-led LNG plant in Canada

Apache exit seen threatening Chevron led LNG plant in Canada REBECCA PENTY and BRADLEY OLSON SAN RAMON, California (Bloomberg) Chevron Corp’s plan to build a natural gas shipping terminal on Canada’s Pacific Coast faces mounting challenges with the exit of

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Exxon and oil majors bet on Russia as rivals stick to U.S. wells

Exxon and oil majors bet on Russia as rivals stick to U.S. wells JOE CARROLL IRVING, Texas (Bloomberg) As ExxonMobil Corp and Shell, the world’s largest oil companies, bet on increasing production from Russia, smaller rivals are boosting crude supplies

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Landmark acquires Neftex Petroleum Consultants Limited

HOUSTON -- Landmark Software and Services, a Halliburton business line, has acquired Neftex Petroleum Consultants Limited, a UK-based company specializing in sequence stratigraphy-based products and consulting for subsurface risk reduction. The Neftex Earth Model integrates millions of data points to deliver a global overview of the geological history and resource development of the earth.

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U.S. conditionally authorizes Oregon LNG for exports

WASHINGTON D.C. -- The Energy Department has conditionally authorized LNG Development Co., LLC (Oregon LNG) to export domestically produced LNG to countries that do not have a Free Trade Agreement (FTA) with the U.S., from the Oregon LNG Terminal in Warrenton, Oregon.

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Encana restarting production following Deep Panuke fire

CALGARY, Alberta -- Natural gas production from Deep Panuke was temporarily halted following an electrical fire at the platform. The transformer fire, which occurred on Sunday, August 3, was “quickly extinguished by the platform’s fire suppression system,” the company said in a statement.

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California takes record Utah oil by rail as Canada volumes slide

SACRAMENTO, California (Bloomberg) -- California, home to two-thirds of refining capacity in the western U.S., brought in a record volume of waxy oil by rail from Utah in June as crude imports from Canada and North Dakota slid. The state, the biggest gasoline market in the U.S., received 2,737 bopd by rail from Utah in June, almost twice the volume of the previous month and up from nothing a year ago, data on the state Energy Commission’s website showed. Canadian oil-by-rail imports dropped 25% to 6,669 bpd. North Dakota shipments shrank by 34% to 4,035.

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