Wednesday, December 12, 2018

US News

 

​​​​Crude Inventory Drops Again, Brent Stays Around $60

6 hours ago

U.S. crude inventory declined again last week, reducing fear of a repeat 2014/16 oil glut occurring. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates a small inventory fall of 1.2 million barrels in the week ended December 7. This follows a 7.3 million barrel decline in the previous week. The decrease over the past two weeks follows 10 straight weeks of U.S. crude inventory build…

Notorious Virus Suspected in Saipem Cyber Hack

9 hours ago

A hack on Italian oil services firm Saipem that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco.'The cyber attack hit servers based in the Middle East…

Hess Expects Output Growth Through 2025

9 hours ago

U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.The company projects higher…

Western Gas Chooses McDermott, BHGE for Equus Project

9 hours ago

Western Gas announced Wednesday it has signed a Memorandum of Understanding (MOU) with oil and gas service and technology providers McDermott International and Baker Hughes, a GE company (BHGE), for the development of the Equus Gas Project offshore Western Australia…

Transformation in Maritime Industry Training

10 hours ago

The 2019 Maritime Insights Database (MarTID) survey has just been launched. This annual survey and the resulting annual reports (available freely at www.MarTID.org) provide critical data on maritime training practices and trends useful to every segment of the maritime industry…

Acteon Acquires Deepwater Corrosion Services

10 hours ago

Acteon Group Ltd has acquired subsea corrosion specialist Deepwater Corrosion Services Inc. in a move to strengthen the group's ability to help customers manage the integrity of subsea infrastructure throughout the life of a field.Deepwater has designed…

Vineyard Wind Backs Offshore Fishing Transit Corridor

23 hours ago

Offshore wind energy specialist Vineyard Wind formally endorsed a transit corridor plan for fishing vessels in federal waters off the coast of Massachusetts and Rhode Island that has been previously supported by fishermen from Massachusetts…

Seaway Offshore Cables Wins First Cabling Job in US Offshore

23 hours ago

Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12MW Coastal Virginia Offshore Wind (CVOW) projects in the US.'SOC in combination with Subsea 7, has been awarded its first US offshore wind…

Grant Spurs Oilfield Data Processing Tech Development

Dec 11, 2018

A recent grant award from the Oil & Gas Innovation Center (OGIC) in the U.K. aims to spur the development of automated data analysis technology for on- and offshore oilfields.Chemical monitoring and management solutions specialist LUX Assure…

US Government Sued Over Atlantic Seismic Testing

Dec 11, 2018

Environmental groups opposed to offshore drilling sued the federal government on Tuesday to prevent future seismic tests for oil and gas deposits in Atlantic waters off the U.S. East Coast.Seismic testing, which uses air gun blasts, violates federal laws that protect marine mammals…

Chevron Gets Green Light for Captain EOR

Dec 11, 2018

Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and extend the life of the long-producing Captain field in the U…

UTEC Wins Survey Work Offshore India

Dec 11, 2018

Surveying company UTEC, part of subsea services group Acteon, said it has been awarded a subcontract by McDermott International for a series of survey work scopes offshore eastern India.The work, due to commence in December 2018, will see UTEC…

Verus Boosts Production through Acquisitions

Dec 11, 2018

Verus Petroleum reports it boosted production from 1,500 to 18,000 barrels per day – a 12-fold increase in its production – in less than a year, through drilling and key acquisitions in the U.K. Continental Shelf.The private equity backed independent…

AREG Membership on the Rise

Dec 10, 2018

Aberdeen Renewable Energy Group (AREG) reports it has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors.Among the 25 new sign-ups are marine engineering firm EC-OG…

Hess, Conoco Raise 2019 Production Outlook

Dec 10, 2018

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday.Investors have been urging U.S. oil…

RecordsTotal:6607 RecordFirst:1 RecordLast:15 RecordCount:15 PageLast:441

Current News

​​​​Crude Inventory Drops Again, Brent Stays Around $60

​​​​Crude Inventory Drops Again, Brent Stays Around $60

Notorious Virus Suspected in Saipem Cyber Hack

Notorious Virus Suspected in Saipem Cyber Hack

Hess Expects Output Growth Through 2025

Hess Expects Output Growth Through 2025

Parker Drilling Files for Bankruptcy Protection

Parker Drilling Files for Bankruptcy Protection

Western Gas Chooses McDermott, BHGE for Equus Project

Western Gas Chooses McDermott, BHGE for Equus Project

Transformation in Maritime Industry Training

Transformation in Maritime Industry Training

Acteon Acquires Deepwater Corrosion Services

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week