During Offshore Europe, a panel of leading international industry experts will discuss the preconceived perceptions that students and graduates have of a career in oil and gas, and how they differ from the experiences of those operating in the sector…
The Center for Biological Diversity formally and legally petitioned the US federal government to inspect all of California’s offshore pipelines for corrosion and other damages. Image from APPEA…
Iran said it is ready to negotiate with Japan over the return of the country’s enterprises to its oil projects as well as its upstream industries. Iran’s Oil Minister Bijan Zangeneh told reporters after a meeting with a visiting Japanese…
After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation. A decade of steady decline in domestic oil and gas production has incentivized the Mexican government…
ExxonMobil subsidiary Esso Australia has successfully completed its Turrum field drilling program, drilling five new wells as part of its ongoing investment in Bass Strait to develop new gas supplies. The AUD$335 million investment involved…
An official at the Iranian Offshore Oil Co. (IOOC) says the company has succeeded to increase crude oil production from Salman oil field in the Persian Gulf, which Iran shares with the United Arab Emirates (UAE). Sanctions on Iran’s oil…
Petrobras has begun production at the Iracema Norte development, in the Lula field of the pre-salt Santos basin, just less than 30 days after the FPSO Cidade de Itaguaí arrived at the field, the Brazilian national confirmed on 31 July. Cidade de Itaguaí…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…
Norway’s Statoil beat profits forecasts thanks to an increase in production and better refining margins but it further reduced its planned capex as oil prices remain low. The firm, which saw net income fall to US$882 million (7.2 billion NOK) from 9…
Red Emperor Resources NL announced that it has received formal notification from the Department of Energy of the Republic of the Philippines that approval of the assignment of the company’s 15% working interest in Block SC55 has been granted…
Tendeka, a provider of completions systems and services to the upstream oil and gas industry, has signed a two-year agreement with Eternal Asia Supply Chain Management for the exclusive supply of its FloSure autonomous inflow control devices (AICDs) in China…
CNOOC Limited has announced that the Luda 10-1 comprehensive adjustment project has commenced production. The Luda 10-1 oilfield is located in Liaodong Bay of Bohai with an average water depth of approximately 30m. In addition to fully utilizing the existing facilities of Luda 10-1…
West Texas Intermediate crude (WTI) fell below US$50/bbl, to $49.93/bbl, on 20 July for the first time since April, despite reports that Saudi Arabian exports have fallen to their lowest in five months. According to statistics published by the Energy Information Agency (EIA)…
French oil major Total has started production from its Dalia Phase 1A project, boosting the firm’s deep water Block 17 offshore Angola production by some 30,000 b/d. The Dalia Phase 1A project involves drilling of seven infill wells,…