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Shell Said to Start Talks With Buyers for North Sea Asset Sales

May 24, 2016

Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group Plc, according to people familiar with the matter. The Anglo-Dutch energy giant has been in talks with companies including privately held chemical producer Ineos Group… Continue Reading »

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Gazprom and Thai oil and gas company PTT sign Memorandum of Understanding

May 20, 2016

Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, today signed in Saint Petersburg the Memorandum of Understanding on cooperation in the oil and gas industry. The signing ceremony was held in the presence of Dmitry Medvedev, Prime Minister of the Russian… Continue Reading »

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Newly published global oilfield chemicals consumption 2016 consumption research report: Global QY Research

May 19, 2016

The recently published report titled Global Oilfield Chemicals Consumption Industry 2016Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Oilfield Chemicals Consumption market considering all the major industry trends, market dynamics and competitive scenario. The Global Oilfield Chemicals… Continue Reading »

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Oil Slips on Stronger Dollar; Gains on the Week on Supply Outages

May 19, 2016

Oil slipped on Friday on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada’s oil sands. The dollar hit a more than two-week high against a basket of… Continue Reading »

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Athabasca closes light oil joint venture with Murphy Oil

May 19, 2016

Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to announce the closing of the previously announced light oil joint venture with Murphy Oil Company Ltd. (“Murphy”) in the Kaybob Area (“Murphy Transaction”). The transaction right sizes the Company’s capital risk profile and puts it in a strong position to align its capital structure… Continue Reading »

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Device Offers Self-Rescue Capability For Oil, Gas Workers

May 19, 2016

For workers laboring on top of tall structures, the ability to self-rescue could mean the difference between life and death. While transportation incidents represented the largest cause of U.S. workplace deaths, workers also face serious threats from falling. Fourteen percent, or 660, of the 4,821 U.S. worker fatalities in 2014 resulted from falls to a… Continue Reading »

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Statoil farms into Turkey onshore acreage

May 19, 2016

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50%. The shallow… Continue Reading »

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China Helping Balance Oil As Thirsty Refiners Rely On Old Fields

May 19, 2016

China’s tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut. Output in April from the world’s second-biggest consumer fell by the most since November 2011 to the lowest in 14 months. Meanwhile, the country’s refineries processed a record 10.93 million barrels a day of… Continue Reading »

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Circle Oil completes infill drilling on the North West Gemsa field

May 18, 2016

Circle Oil has announced that the 2016 infill drilling campaign on the North West Gemsa field has been completed. The second of the two production wells, AASE-24 has been drilled to TD, completed and tied in to the production infrastructure. On 16 May a well test commenced and the well flowed at a gross average… Continue Reading »

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Sources: Libya to Resume Oil Shipments from Hariga After Talks

May 18, 2016

Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Libyan oil sources told Reuters. Exports from the port have been blocked since early this month due to a standoff between the… Continue Reading »

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