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Frac market temporarily weakening Like oilfield services giant Schlumberger (ticker: SLB) reported on Friday, this week Halliburton (ticker: HAL) said it too is seeing a slowdown in the overall U.S. frac landscape. The company saw a slight increase in revenue in Q3 despite the slowdown, receiving $6.17 billion compared to $6.15 billion in Q2. Read More

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

FAR Ltd. reported the spudding of its much-anticipated Samo-1 wildcat well on Block A2 offshore Gambia. It is the first well to be drilled in the country’s offshore region for 40 years. The well is being drilled by Stena Drilling’s Stena Drillmax harsh-environment dynamically positioned DP Class 3 drillship in 1,000 m of water and has a planned total depth of 3,100 m on the crest of the Samo structure.

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

ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. has let a contract to TechnipFMC for the engineering of the subsea system for the proposed Liza Phase 2 project on the Stabroek block offshore Guyana.

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

Inpex confirms that the first shipment of liquefied natural gas has departed from its operated Ichthys LNG project.

Source Feed: Rigzone.com: Latest News Headlines

Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.

Source Feed: Rigzone.com: Latest News Headlines


There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.

Source Feed: Rigzone.com: Latest News Headlines


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Nostra Terra Oil and Gas has acquired the Mesquite Prospect in the Permian Basin, giving them potential to drill eight horizontal wells.

Source Feed: Rigzone.com: Latest News Headlines

How can oil companies apply in a boom period what they were forced to learn in the most recent bust?

Source Feed: Rigzone.com: Latest News Headlines

Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.

Source Feed: Rigzone.com: Latest News Headlines

Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.

Source Feed: Rigzone.com: Latest News Headlines

EnLink Midstream acquiring MLP subsidiary The wave of consolidation and simplification sweeping the midstream industry continued today, as EnLink Midstream (ticker: ENLC) announced it will acquire its MLP arm, EnLink Midstream Partners (ticker: ENLK). The pro forma company will retain the name EnLink Midstream and will continue to trade as ENLC. Read More

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

BP PLC Chief Executive Officer Bob Dudley strongly criticized oil and gas critics’ calls for investors to sell their holdings in fossil fuel companies and invest in renewable alternatives instead.

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

In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO.

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

Imperial Oil Ltd. has restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge Inc.’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. The company expects production to ramp up in the months ahead to about 10,000 b/d, consistent with rates prior to the shutdown.

Source Feed: Drilling and Production News
Categories: general interest, drilling production, transportation, unconventional resources, hse, production operations, pipelines

Gazprom plans to start drilling production wells next year in Kovyktinskoye natural gas and condensate field in the Irkutsk Region of East Siberia. The state-owned company expects the field to start production in 2022 into the Power of Siberia gas pipeline, which will carry gas to Russia’s Far East and China.

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

Equinor ASA has let a two-well contract with five options for single-well drilling to Rowan Cos. PLC for its Rowan Stavanger N-Class ultra-harsh environment jack up rig for use in Gudrun field in the Norwegian North Sea. In addition, Equinor and Rowan have signed a framework agreement based on terms that will also apply to future rig contracts with the company.

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

Brent crude oil for December remained under $80/bbl on the London market Oct. 19 while light, sweet oil for November and December delivery settled over $69/bbl in New York. All were up slightly Oct. 19 as China showed signs of increased demand, but Brent crude ended the week with a 0.3% decline and West Texas Intermediate was down almost 3% for the week.

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

Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January No slowdown in international Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO Paul Kibsgaard made some interesting comments on the call about the company's projections for frac activity in the U.S. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, earnings, fracing, oilfield services, eagle ford, eps, midland wolfcamp, permian, premium content, schlumberger


Eight new rigs in Lone Star State for each of the past two weeks Drilling activity rose once again this week reaching another post-downturn high, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net four rigs began drilling this week, meaning there are now 1,067 rigs active in the U.S. Read More

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

Both sides of 112 are advertising on Spotify as ballots are being delivered The advertising messages to vote ‘No on Prop 112’ are everywhere you look and listen on Denver area TV and radio. The stakes are high for the oil and gas industry and its workers if Proposition 112 passes. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, fracing, politics, regulatory, colorado, dj basin, fracing, premium content, prop 112, setback, wattenberg

Privately held Cox Oil announced the completion of the merger between affiliates of Cox and Energy XXI Gulf Coast, Inc. (NASDAQ: EGC), following the receipt of all required regulatory approvals and the satisfaction of all conditions to the merger agreement. Under the terms of the transaction, effective October 18, 2018, Cox acquired all outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story

The US drilling rig count was up 4 units to 1,067 rigs working for the week ended Oct. 19, according to Baker Hughes data. The count is up 154 units from the 913 rigs working this time a year ago.

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

Aker BP, operator of production license 203, and its partners are considering tie-back of its Gekko oil and gas discovery well (25/4-3) in the North Sea to the Alvheim floating production, storage, and offloading vessel after drilling two appraisal wells about 5 km east of Volund field and 200 km northwest of Stavanger.

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

Seems like just yesterday it was Q2 reporting season. But time accelerates quarterly in the public company universe. EnerCom, Inc. has compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 111 E&P and 83 Oilfield Service companies in the EnerCom database. Read More

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

Just 500 feet from the courthouse, a pro-oil rally at the capitol steps asked people to "Vote No on Proposition 112"  Below: summary of the Martinez case and breakdown of the oral arguments It was a busy day for oil and gas in Colorado on Oct. 16. At lunchtime, several hundred industry supporters joined a ‘Mayors Against Proposition 112’ rally at the Colorado State Capitol. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, fracing, law, oil & gas jobs, popular 4, regulatory, 112, cogcc, colorado supreme court, fracing, martinez case, oil and gas wells, our children's trust, premium content

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks rose by 81 Bcf last week, increasing to 3,037 Bcf from 2,956 Bcf. This is 16.5% below the 3,638 Bcf that was in storage at this point last year, and is 16.6% below the five-year average of 3,642 Bcf. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, natural gas news, natural gas roundup, natural gas storage, premium content

Gulf-based Talos Energy (ticker: TALO) announced today it will cross assign its participating interest (PI) in one of its blocks in offshore Mexico in exchange for PI in another block just south. Talos Energy’s interest (Block 2), located in the Sureste Basin offshore, will be swapped with PI for another block (Block 31), operated by Hokchi Energy. Read More

Source Feed: 360 Articles – Oil & Gas 360
Categories: 360 articles, closing bell story, e&p, mexico, offshore, gulf of mexico, premium content, talos, talos energy











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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