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GOM growth second only to Permian Big projects are coming back, according to the U.S. government’s energy data compiler. Gulf of Mexico oil production is projected to have the second-largest growth among U.S. oil plays through 2018, according to a note released by the EIA. While the U.S. shale boom, which shines particularly brightly in the Permian, has attracted the[Read More...]

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

980 Bcfe of reserves sold in two deals QEP Resources (ticker: QEP) announced today two agreements to sell natural gas assets in Wyoming for a total of $777.5 million. Pinedale Energy Partners, an affiliate of Oak Ridge Natural Resources will pay $740 million for all of QEP’s assets in the Pinedale Anticline field in Sublette County. According to QEP’s most[Read More...]

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

Port would be able to load massive supertankers with Permian, Eagle Ford  oil The country’s largest oil port wants to begin exporting crude, becoming a part of the growing U.S. oil export business. The Louisiana Offshore Oil Port (LOOP) is located about 20 miles off the coast of Louisiana, directly south of New Orleans. Standing in 110 feet of water,[Read More...]

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

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A slate of industry-leading shale producers and service companies are presenting at EnerCom’s 22nd annual The Oil & Gas Conference® on August 13-17, 2017, in Denver, Colo., at the Westin Denver Downtown. Some of the oil and gas industry leaders who are presenting on the first day of EnerCom’s 22nd The Oil & Gas Conference® include but are not limited[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, crude oil news, e&p, natural gas news, oilfield services, togc 22

In its Payara reservoir, offshore of Guyana, ExxonMobil Corp. (ticker: XOM) discovered an additional accumulation of oil. The discovery increased ExxonMobil’s estimated oil in the Payara reservoir to 500 MMBOE, and the total estimated gross recoverable resource in the Stabroek Block to between 2.25 and 2.75 BBOE. Esso Exploration and Production Guyana Limited, an affiliate company of ExxonMobil, found 59[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, discoveries, e&p, international, offshore, discovery, exxonmobil corp., guyana, offshore, payara, stabroek

Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system. More in the Montney Blackbird increased its Pipestone/Elmworth Montney rights to 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, 360 profile member, canada, closing bell story, e&p, togc 22, blackbird energy, calgary, development, gathering system, montney, recompletions, updates

Kayne Anderson Capital Advisors, Tailwater Capital, and OFS Energy Fund will provide a private equity energy perspective at EnerCom’s The Oil & Gas Conference® 22 Kayne Anderson, Tailwater, and OFS are panelists at the upcoming EnerCom conference in Denver, Colorado—The Oil & Gas Conference® 22. At the conference, the private equity firms will discuss their unique perspectives on capital formation[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, capital markets, closing bell story, e&p, finance, fund management, midstream, private equity, togc 22, kayne anderson, ofs energy fund, private equity panel, tailwater capital, the oil and gas conference

Argentina's government is targeting French investment in the energy sector after reaching an agreement to settle a lawsuit with Total, France's biggest energy company. Argentina's Finance Ministry said last week it had agreed to pay Total US$201 million, or 36% less than the US$312 million the company won in claims last year in the World Bank's International ... more

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Tanzania's state-owned energy companies appear to be making progress in paying down debts according to recent statements from Wentworth Resources and Aminex. Wentworth, on July 19, said payments had been received from Tanzania Petroleum Development Corp. (TPDC) and Tanesco. These are US$1.2 million net to Wentworth, it said, bringing the total ... more

Source Feed: Your Oil and Gas News

Beirut delivered a public pitch to potential participants in the country's long-awaited first offshore oil and gas licensing round during an investor presentation in the US in early July. The move suggested the protracted delay as an advantage allowing the authorities time to fine-tune an international-standard bidding process and contract terms while enabling ... more

Source Feed: Your Oil and Gas News

The US Bureau of Land Management proposes to rescind its 2015 rule on hydraulic fracturing of oil and gas wells on federal and Indian land.

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

QEP Energy Co., a wholly owned subsidiary of Denver-based QEP Resources Inc., is selling natural gas assets in southwest Wyoming in two deals worth a combined $777.5 million.

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

Oil & Gas UK has today welcomed the announcement by the Oil and Gas Authority that it has launched its 30th Offshore Licensing Round focusing on mature areas of the UKCS.Oil & Gas UK's upstream policy director, Mike Tholen said:"The launch of the 30th Offshore Licensing Round offers companies the exciting opportunity to bid for fresh ... more

Source Feed: Your Oil and Gas News

Anadarko Petroleum Corporation (NYSE: APC) today announced its second-quarter 2017 results, reporting a net loss attributable to common stockholders of $415 million, or $0.76 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased the net loss by $8 million, ... more

Source Feed: Your Oil and Gas News

Energy services company Proserv has been awarded a series of contracts worth around $4m for its well severance, platform and FPSO decommissioning services in the Asia Pacific region.The contracts have been awarded by Premier Oil in Indonesia; Chevron, through Baker Hughes, in the Gulf of Thailand; BHP, through Fugro, in Western Australia and by PCPP ... more

Source Feed: Your Oil and Gas News

Shell Australia confirmed that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters.Prelude is the first deployment of Shell's FLNG technology, that will see a 488 metre long floating facility extracting and liquefying gas at sea, before it is exported to customers around the globe. The project is located approximately ... more

Source Feed: Your Oil and Gas News

Senex Energy Limited is pleased to announce it has made a Birkhead oil discovery on the western flank of the South Australian Cooper Basin, with the Marauder-1 well flowing at 655 barrels of oil per day (bopd) on a drill stem test.The Marauder-1 exploration well is located in ex PEL 104 (Senex 60% and operator, Beach Energy 40%), approximately 2 kilometres ... more

Source Feed: Your Oil and Gas News

Delek Group (TASE: DLEKG, US ADR: DGRLY) ("the Company") announced that below an immediate report that was published by Delek Drilling Partnership Limited is provided advising on the closing of a transaction for the sale of participation interests of 9.25% in the Tamar and Dalit Leases.1. Further to the Partnership's immediate report of July 18, 2017, ... more

Source Feed: Your Oil and Gas News

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued its Call for Bids NS17-1 for Exploration Licences consisting of three parcels. Bids must be received by December 14, 2017 before 4:00 p.m. Atlantic Time. Any successful bidder(s) will be awarded Exploration Licences subject to federal and provincial Ministerial approval.The parcels are ... more

Source Feed: Your Oil and Gas News











In a $170 million cash transaction, American Midstream Partners (ticker: AMID)—which provides natural gas and oil gathering, processing, and transmission—has agreed to sell its propane business to SHV Energy. The sale includes American Midstream’s service locations, cylinder exchange program, and Alliant Gas utility system. Re-deploying capital American Midstream is undertaking the transaction with the intent of simplifying its business and[Read More...]

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, midstream, acquisition, american midstream, midstream, propane, sale

Anadarko Petroleum Corp., The Woodlands, Tex., plans to reduce its full-year 2017 capital investment by $300 million to $4.2-4.4 billion.

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

HAL North American revenue up 24% sequentially Halliburton (ticker: HAL) announced second quarter results today, showing earnings of $28 million, or $0.03 per share. After adjusting for special charges, an expected promissory note in Venezuela, for example, quarterly results were earnings of $201 million, or $0.23 per share. As the world’s largest fracturing company, Halliburton has been able to take[Read More...]

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

JMMC recommends capping Nigerian production OPEC may increase its efforts to moderate the global oil market, based on the results of its meeting in St. Petersburg today. OPEC’s oil cuts were implemented with the hope that temporarily reduced output would allow global inventories to return to normal levels and markets to stabilize. However, in large part this has not occurred[Read More...]

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

The world oil market is making progress toward rebalancing crude oil supply-demand levels, concluded a joint OPEC and non-OPEC Ministerial Monitoring Committee (JMMC). The group met in St. Petersburg, Russia, on July 24.

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

Official proposals for the ConocoPhillips-led consortium's Barossa and Caldita natural gas fields' development in the offshore Bonaparte basin, 300 km north of Darwin in the eastern Timor Sea, have been made public by the Australian National Offshore Petroleum Safety & Environmental Management Authority (NOPSEMA).

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

The Trump administration's intentions to consider opening more of the US Outer Continental Shelf to oil and gas leasing in a new management program it plans to develop drew equally strong support from Republicans and opposition from Democrats at a July 12 US House of Representatives Natural Resources subcommittee hearing.

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

Commercial discoveries in this year's first half are already greater than the total for 2016, according to a report from Westwood Global Energy Group.

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

US rig count growth appears to be slowing.

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

The Maersk Oil-operated high pressure, high temperature (HPHT) Culzean field development in the UK North Sea has reached another milestone with the installation of all three of the project’s jackets.

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

Pan Petroleum Gabon BV, a fully owned subsidiary of Panoro Energy ASA, London, reported its approval of the financial investment decision for the development of the Dussafu oil fields offshore southern Gabon.

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

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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