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Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co. The alliance involving high-performance jack ups aims at lower cost for Aker BP and increased profitability for Maersk Drilling and Halliburton.

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

Serica Energy PLC, London, has agreed to buy interests in three natural gas and condensate fields in the northern UK North Sea from BP PLC and become operator.

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

The history of GE dates back to Thomas A. Edison. In 1876 Edison opened his Menlo Park, NJ, laboratory, from which came perhaps the greatest invention of the age - a successful incandescent electric lamp. In 1890, Edison established the Edison General Electric Company by bringing his various businesses together. Two years later Edison's company combined with a competitor. They called[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, commodity pricing, mergers & acquisitions, oilfield services, baker hughes ge, flannery, for sale, immelt, merger, oilfield service

All major oil basins can break even currently; Marcellus is only gas play breaking even Project breakevens have fallen below market prices, but generating returns continues to challenge producers, according to new analysis from KLR Group. John Gerdes, Head of Research at KLR Group, released estimates of breakeven costs for various U.S. unconventional basins today. According to Gerdes, most oil[Read More...]

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

Sustaining capital only $3.5 billion ConocoPhillips (ticker: COP) held its annual investor meeting earlier this month, outlining the company’s strategy in the coming years. ConocoPhillips intends to stick with its current strategy, prioritizing returns over growth. This plan was unveiled last year, when the company retooled itself for $50 oil. While most oil and gas companies turned to higher growth,[Read More...]

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

Alternate route would parallel original Keystone, adds only 5 miles to route Nebraska approved an alternative route for Keystone XL today, in a move that may complicate the project going forward. First conceived in 2008, Keystone XL has been embroiled in controversy that has pushed the pipeline into the public eye. The federal government approved the federal permit for the[Read More...]

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

Earlier today on November 20, 2017 Ancala Midstream Acquisitions Limited completed its acquisitions of Apache Corporation’s (ticker: APA) interests in the Scottish Area Gas Evacuation (SAGE) and Beryl Gas Pipeline. Anacala Midstream will now own 100% of SAGE North Sea Limited. According to Anacala Midstream press realease, the SAGE system includes a 323 kilometre, 30-inch bore pipeline and gas processing[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, international, natural gas news, ancala midstream, sage pipeline, sage system

Steps have been taken to complete the acquisition of Questfire’s assets – Manitok Energy Inc. Back in July 2017, Oil & Gas 360® reported that Manitok Energy Inc. (ticker: MEI) would undergo a strategic combination with Calgary’s Questfire Energy Corp. Manitok previously agreed to acquire all of Questfire’s outstanding shares. The transaction value was approximately $55.4 million, including an additional[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, acquisition, canada, manitok energy, mei

GDP growth rates historically have been tied to electricity usage due to population growth and the need to generate more goods and services to serve the growing populations, but traditional metrics are changing. This relationship between energy usage and economic growth has changed in recent times for several reasons, according to a new study by the EIA. The EIA said[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, eia, electricity, oecd, statistics, usage

Earthstone Energy, Inc. (ticker: ESTE) announced today that it entered into an agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The effective date will be December 1, 2017 and is expected to close by year-end 2017. ESTE Bakken Assets According to an Earthstone investor presentation, Earthstone’s Bakken/Three Forks assets include 5,900 net[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, bakken, earthstone energy, este, sale

Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.

Source Feed: Drilling and Production News
Categories: general interest, chaparral energy inc, drilling production, companies, ior eor, production operations

Nigerian National Petroleum Corp. says execution of the final phase of an alternative financing agreement with Chevron Corp. will boost production in Nigeria by 39,000 b/d of oil and 283 MMscfd of natural gas.

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

Kuwait, overshadowed by escalating conflict between larger neighbors, stays stable amid parliamentary churn.

Source Feed: Drilling and Production News
Categories: economics markets, drilling production, oil prices

The US Senate Energy and Natural Resources Committee adopted Chair Lisa Murkowski's (R-Alas.) proposal to authorize oil and gas leasing on the Arctic National Wildlife Refuge's Coastal Plain for federal budget reconciliation purposes.

Source Feed: Drilling and Production News
Categories: government, washington pulse, drilling production

11/20/2017
International news for oil and gas professionals

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

Saudi Arabias move to dispel doubts over Russia’s readiness to extend output curbs sent WTI and Brent crude oil benchmark prices up 2.32% and 2.10%, respectively. Recently Saudi Arabia’s Energy Minister Khalid AL-Falih said that OPEC will announce the extension of production when the group meets on November 30. OPEC and non-OPEC countries including Russia made a deal in to[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, opec, benchmark oil prices, brent crude, wti

Eight more rigs, all drilling for gas Drilling activity in the U.S. increased this week, according to the latest edition of Baker Hughes Weekly Rig Count. The number of active rigs in the U.S. increased by eight, rising to a total of 915. Land-based rigs added five, closing the week at 893. Three offshore rigs came online, meaning there are[Read More...]

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

The US rig count climbed again this week with an 8-unit jump to 915 rigs working during the week ended Nov. 17, data from Baker Hughes indicate. Rigs targeting natural gas in the US gained 8 units to reach 177 while those drilling for oil remained unchanged at 738 units.

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

Premier Oil PLC expects to lower its $2.8-billion debt after Catcher oil field in the North Sea comes on stream in December, executives recently said. Premier reported third-quarter earnings included $2.8 billion of debt, but analysts say the London independent oil company could reduce debt to $2.6 billion by Dec. 31.

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

Rosneft, a member of the Sakhalin-1 consortium, reported the completion of a 15,000-m horizontal well from Orlan platform in Chaivo field in the Sea of Okhotsk. It’s the world’s longest well, Rosneft said.

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

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