Oil & Gas News RSS Feed

Oil & Gas News

The latest oil & gas news and information from the leading sources on the internet.
Feed created by Petro
96

Fourteenth week adding rigs The recovery in U.S. drilling activity shows no signs of slowing, according to Baker Hughes’ weekly rig count. Active rigs in the U.S. increased by 10 this week, the fourteenth straight increase, bringing the total number of rigs in the U.S. to 857. This is nearly double the 431 rigs that were operating this time last[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, natural gas news

Macro trends will influence future development In its first quarter conference call, Core Laboratories (ticker: CLB) identified four major industry trends that it believes will shape tomorrow’s oil field: Increasing interest in EOR from tight oil reservoirs Finer proppants in the initial portion of hydraulic fracturing treatments Increasing in proppant loads and frac stages per well Big data and artificial[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, earnings, natural gas news

Year-over-year revenue growth returns Schlumberger (ticker: SLB) announced first quarter earnings today, reporting net earnings of $297 million, or $0.20 per share. Total revenue was $6.89 billion, up from the $6.52 billion earned in Q1 2016. This is the first year-over-year revenue growth the company has seen in the last two years. The resurgence of U.S. shale drilling has been[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, earnings, natural gas news

Permian-focused Parsley Energy (NYSE: PE) closed the acquisition of undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC for an aggregate purchase price of approximately $2.8 billion, consisting of approximately $1.4 billion in cash and approximately 39.8 million units of Parsley Energy, LLC (together with a corresponding number of shares of[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, mergers & acquisitions, acquisition, midland basin, parsley energy

Is sand the new oil & gas battleground? Is sand the next battleground for energy development? The early salvos are taking place in Minnesota’s Winona County. In late 2016, Winona County commissioners voted to ban what the Minneapolis Star Tribune phrased in its report “the highly contentious industry of frac sand mining.” According to the report, opponents of frac sand[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, fracing, politics, regulatory, completion, frac, proppant, sand, sand ban

The US drilling rig count during the week ended Apr. 21 climbed by double-digits for the 10th time in its 14-week streak of increases, Baker Hughes Inc. data indicate.

Source Feed: Drilling and Production News
Categories: eagle ford, permian basin, drilling operations, drilling production, bakken shale, niobrara, international unconventional, unconventional resources, production operations, barnett shale, woodford shale, granite wash, unconventional resources, marcellus shale

US exploration and production budgets are expanding for the first time since 2014, Fitch Ratings said, adding that its analysts expect higher US rig counts along with increased drilling and completion spending in 2017 compared with 2016.

Source Feed: Drilling and Production News
Categories: eagle ford, permian basin, haynesville shale, woodford shale, drilling operations, drilling production, unconventional resources, marcellus shale

Encana Corp., Calgary, expects its Montney acreage in western Canada to produce 70,000 b/d of liquids, most of which will be condensate, as well as 1.2 bcfd of natural gas by 2019.

Source Feed: Drilling and Production News
Categories: unconventional resources, drilling production, international unconventional, unconventional resources, unconventional resources, production operations

Patterson-UTI (NASDAQ: PTEN) closed its merger with Seventy Seven Energy Inc. Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued approximately 47.5 million shares pursuant to the merger. Concurrent with the closing of the merger, Patterson-UTI repaid all of the outstanding debt of[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, oilfield services, merger, patterson-uti, rigs, seventy-seven energy

The Alaska LNG project has filed an application with the US' Federal Energy Regulatory Commission (FERC). The Natural Gas Act Section 3 filing was lodged by the Alaska Gasline Development Corp. (AGDC) for the 20 million tpy liquefaction project, which includes a pipeline and a plant, in Nikiski. The move comes amid a broader political push from the project ... more

Source Feed: Your Oil and Gas News

Dominion Resources' plan to enter the global LNG race moved one step closer when it requested permission from the US Department of Energy (DoE) to export commissioning cargoes from its Cove Point liquefaction project in Maryland.Dominion requested a licence to export up to 250 bcf (7.08 bcm) of natural gas in the form of LNG over a two-year period beginning ... more

Source Feed: Your Oil and Gas News

Bulgaria has opted to extend an exploration permit for one of the country's most prospective offshore oil and gas projects.France's Total, Austria's OMV and Spain's Repsol were awarded the right to explore for hydrocarbons at the 1-21 Khan Asparuh block in the Black Sea in August 2012. The permit was due to expire later in 2017, although the government ... more

Source Feed: Your Oil and Gas News

Technology, engineering and project management company Neste Jacobs and the leading refinery and petrochemical group Unipetrol, which constitutes an important part of the Czech industry, have signed an agreement for Neste Jacobs to perform a comprehensive energy efficiency study of Unipetrol's Litvinov oil refinery in Czech Republic.Neste Jacobs has ... more

Source Feed: Your Oil and Gas News

The sweeping reforms introduced by India's National Democratic Alliance government since coming to power have infused momentum into India's manufacturing sector. This will trigger massive requirements for oil, gas and other resources according to a new S&P Global Platts special report: "'Make in India' A new window of opportunity for commodities". A series ... more

Source Feed: Your Oil and Gas News

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that it has closed its merger with Seventy Seven Energy Inc.  Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued approximately 47.5 million shares pursuant ... more

Source Feed: Your Oil and Gas News

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Engr. Simbi Kesiye Wabote along with his senior management team and heads of the Nigerian content divisions of the IOCs including Nigerian Agip and Total visited the Aveon Offshore facility in Rumuolumeni, Port Harcourt on the 3rd of April, 2017. During the visit, Aveon's ... more

Source Feed: Your Oil and Gas News

Bechtel, a global leader in engineering, procurement, and construction, today announced a set of ambitious long-term targets to increase the company's contributions to global sustainability. The goals and targets are part of Bechtel's ongoing and comprehensive strategy to further integrate sustainability within the company."How we plan and execute projects ... more

Source Feed: Your Oil and Gas News

Petroleum Safety Authority has carried out an audit of the construction of the production facility for Martin Linge.Petroleum Safety Authority has carried out an audit at the construction site for the production unit (PU) in South Korea from 17 to 20 January 2017, with a subsequent meeting at the operational organisation's offices in Stavanger.The ... more

Source Feed: Your Oil and Gas News

Statoil has received consent to drill an exploration well in block 7219 in the Barents Sea.Statoil is the operator for production licence 532 in the Barents Sea and has received consent to drill exploration well 7219/9-2 in a prospect named Kayak.The well's geographical coordinates will be:72o 19' 50.58" N19o 54' ... more

Source Feed: Your Oil and Gas News



Thanks in part to increasing crude oil prices and exploration and production activity in onshore basins, Texas adds more than 3,000 jobs in March.

Source Feed: Rigzone.com: Latest News Headlines






Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.

Source Feed: Rigzone.com: Latest News Headlines

The UK Oil and Gas Authority (OGA) is urging the industry to increase the pace at which licensees develop a culture of collaboration both internally and externally.

Source Feed: Rigzone.com: Latest News Headlines

Razor Energy announces Kaybob acquisition Calgary-based Razor Energy Corp. (ticker: RZE) announced Wednesday that it entered into an agreement to acquire assets in Kaybob, located in west central Alberta, for $9.6 million. The assets compliment Razor’s existing Swan Hill assets and increase the company’s asset base for reactivation and re-entry opportunities in the Montney formation, which has several stacked layers[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, canada, closing bell story, crude oil news, razor energy, ticker: rze

Condensate wells producing 1,200 BPD; ECA will have seven rigs targeting 70-80 Montney wells in 2017 Encana (ticker: ECA) is on track for developing its Montney assets, according to a Wednesday release from the company. Encana owns 384,000 net acres in British Columbia and Alberta in the heart of the Montney core. The company is prioritizing condensate-rich wells for future[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, canada, closing bell story, natural gas news

Sale would provide capital for development Taqa, Abu Dhabi’s NOC, is looking to sell some of its assets in North America, according to a report by Bloomberg. Founded in 2005, Taqa is Abu Dhabi’s primary energy holding company. The company operates or has interest in oil and gas operations in the North Sea, Iraq and North America. Average production from[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, international, natural gas news

Energy XXI Gulf Coast, Inc. (ticker: EXXI) has appointed Douglas E. Brooks as its CEO and president, effective April 17, 2017, the company announced in a news release.  The Energy XXI Gulf Coast Board of Directors concurrently increased the size of the board from six to seven directors and named Brooks to fill the newly-created directorship. Brooks served most recently as the CEO for Yates Petroleum Corporation, a[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, offshore, people, ceo, doug brooks, energy xxi, energy xxi gulf coast, exxi, gulf of mexico, preng

US Lower 48 onshore operators are beginning to experience cost inflation following a flurry of first-quarter development activity, said Wood Mackenzie Ltd. analysts who believe service price increases began as early as third-quarter 2016.

Source Feed: Drilling and Production News
Categories: general interest, economics markets, drilling production, companies, production operations, oil prices

Advertisement

Production from giant South Pars natural gas field offshore Iran will increase to 730 million cu m/day next March from 575 million cu m/day at present following the recent or imminent start-ups of five development phases, according to Iranian Minister of Petroleum Bijan Zangeneh.

Source Feed: Drilling and Production News
Categories: drilling production, production operations

Wintershall Noordzee BV, Rijswijk, has started oil production from its first own-operated Danish oil field. Ravn field, on Block 5/06, produces oil from 4,000 m via a newly constructed production platform in the Danish North Sea, some 300 km north of the Dutch town of Den Helder.

Source Feed: Drilling and Production News
Categories: field start ups, drilling production, production operations

BP Trinidad & Tobago LLC (BPTT) reported the start-up of the Trinidad onshore compression (TROC) project. Full start-up will occur over the next few months, BPTT said, when TROC will have the potential to deliver 200 MMscfd of gas.

Source Feed: Drilling and Production News
Categories: lng, drilling production, transportation, production operations

An oil and gas production well operated by BP Exploration Alaska Inc. in Prudhoe Bay has been killed and is no longer leaking natural gas, the Alaska Department of Environmental Conservation said in an Apr. 17 statement. Crews are now working to install a mechanical plug to permanently secure the well.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, hse, production operations

The seven major onshore producing regions in the US are expected to collectively increase oil output by 124,000 b/d month-over-month in May to average 5.193 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report.

Source Feed: Drilling and Production News
Categories: eagle ford, haynesville shale, permian basin, drilling operations, drilling production, bakken shale, niobrara, unconventional resources, unconventional resources, production operations

The US drilling rig count's surge continued during the week ended Apr. 7 with another 15-unit increase, according to Baker Hughes Inc. data. Twelve of those units came in the Permian basin.

Source Feed: Drilling and Production News
Categories: drilling operations, exploration development, drilling production

Every oil and gas facility has the potential to be hampered by the problem of NORM (short for Naturally Occurring Radioactive Material), especially during phases of decommissioning. To fully understand NORM, first take note that it can be broken down into various waste streams. For example… There is NORM waste which is contaminated with other […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: chemicals, marine & offshore, mechanical, minerals, oil & gas, safety, tech, technology

Health is our most treasured possession. It does not last forever, yet most of us make the mistake of living like it will. It is not until we lose our health that we seek diligently to regain it. Sadly at that point, it’s most often too late, and it always has a cost of time, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business, culture, finance, health & wellness, leadership

Businesses are changing with the times, and there’s a new space for working in unique and creative ways. We’re in the clouds, we’re in the field, we’re out of the office. Many small businesses no longer even have offices because digital communication and infrastructure is superior and unlimited. The world as we know it … […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: accommodations, business, hotels, travel

Oil producing regions are experiencing a major downturn in the economy. The last few months have been challenging for all business sectors, and anyone reliant on oil revenue (and in Newfoundland that’s just about every one of us) has felt the pinch in some capacity. Managing your reputation in this business climate has never been […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, business

In the world of business, computers have become the foundation of how we live and work. Sitting at a desk all day is probably the worst thing we could to ourselves; It seizes up the muscles, makes the body weak and complacent, and eats away at our flexibility and posture. It’s not what we want, […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, human resources, personal development, sports

THE WINNERS ARE: TECHMATION ELECTRIC & CONTROLS, STEP ENERGY SERVICES, CROSBIE SALAMIS LTD, COUGAR HELICOPTERS, THE OGM SAFETY RESULTS AWARD WINNER: Techmation Electric & Controls Ltd. Techmation Electric & Controls Ltd. provides a complete range of electrical and instrumentation services throughout Western Canada. Techmation is committed to achieving stellar performance and giving value to their […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: aviation, best in class, human resources, oil & gas, safety, tech, technology

Petrotechnical Data Systems (PDS) is one of the biggest providers of software solution developers in the field of oil and gas industries. They recently unveiled a new Open Source Technology termed Wellsite Information Transfer Standard Markup Language (WITSML) for Energistics. Launched under the open Apache License, there are two categories of the software: the PDS […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: best in class, products & services, tech, technology

The FleetLink system from Atlas Copco supports the construction and oil and gas industry. It is offered in two packages, the FleetLink Advanced, intended for large pavers, including asphalt and large soil rollers, up to highway class pavers and the standard FleetLink for small pavers. Both packages are offered free of cost with the purchase […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: construction, products & services, tech, technology

The CMC Research Institutes are aiding the NRG COSIA Carbon XPRIZE for a $20 million global competition. The competition is aimed towards finding technologies that can successfully convert Carbon Dioxide emissions into high-value products. This is highly contextual in today’s world, where air pollution in major cities all over the world is a growing concern […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: business, global citizenship, resources, tech, technology

When an industry faces a harsh downturn for two years, there is a critical need gain efficiencies, optimization and reliability.  That’s a global trend. And in the coatings industry its leading minds that have come up with optimal gains that support sustainable long-term cost reductions and higher efficiency. Replacement and repair of damaged equipment are […]

Source Feed: Global Oil and Gas Industry News | The OGM – ENERGY | TECH | CULTURE
Categories: drilling, exploration & production, liquefied natural gas, marine & offshore, oil & gas, oil sands, pipelines, tech, technology, transportation & logistics

RSS Feed Subscribe to this Feed via RSS reader.

Related Feeds
Bakken Formation Station      Tech      Music News      Fabric Digital     

Advertisement