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Category Archives: News

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Canada Oil Output to Fall This Year on Wildfires, Low Prices

June 27, 2016

Canadian oil output is forecast to decline this year for the first time since 2009 after a wildfire in northern Alberta curtailed more than one million barrels a day for a month and low commodity prices hit producers. Total Canadian oil output will drop to 3.82 million barrels a day in 2016, less than the… Continue Reading »

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Greater Enfield oil development approved

June 27, 2016

Woodside advises that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km… Continue Reading »

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Brexit: Adverse Impact for UK’s Oil, Gas Industry Unlikely

June 27, 2016

The people of the United Kingdom’s decision to leave the European Union is unlikely to have a major adverse impact on the country’s oil and gas industry, companies and organizations involved in the sector said. But they also called for clear leadership from the UK government on the way forward for the industry in order… Continue Reading »

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SapuraKencana Energy Sarawak Inc announces the signing of the SK310 upstream gas sales agreement for B15 gas field

June 27, 2016

SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (“SKPB”) has signed the SK310 Upstream Gas Sales Agreement (“UGSA”) in relation to the production of gas from the B15 Gas Field on Thursday, 23 June 2016, between Petroliam Nasional Berhad (“PETRONAS”) as Gas Buyer and the SK310 Production Sharing Contract (“PSC”) Contractors… Continue Reading »

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Oil Glut Is Fading Where You Would Least Expect: Saudi Arabia

June 27, 2016

Saudi Arabia, a country nearly synonymous with plentiful crude supplies, is offering one of the strongest signs yet that the glut that has plagued the oil market since 2014 is coming to an end. Despite near record production, the kingdom’s oil inventories have declined for six consecutive months, the longest stretch since the Joint Organisations… Continue Reading »

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Dstl – supporting National Women in Engineering Day 2016

June 23, 2016

Raising the profile and celebrating the achievements of women in engineering to encourage more girls to consider engineering as a career. Raising the profile and celebrating the achievements of women in engineering to encourage more girls to consider engineering as a career. Dstl’s Laura Jones supporting National Women in Engineering Day Across the UK women… Continue Reading »

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FirstEnergy Expects Crude Oil Price to Hit $70 in 2018

June 23, 2016

Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy. “We have increased our expectations for crude oil prices across our entire forecast horizon,” said FirstEnergy’s oil and gas analyst Martin King in a research note sent to Rigzone. “We anticipate prices closer to $50 per… Continue Reading »

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British Antarctic Survey Select Impact Subsea ISA500

June 23, 2016

Impact Subsea is pleased to announce the delivery of ISA500 units to the British Antarctic Survey (BAS). The ISA500 units have been selected to monitor the position of an ice boring tool in the Antarctic hundreds of meters below the surface. During deployment of the ice boring tool, the ISA500 units measure the distance at… Continue Reading »

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Oil Bust Pushes Producers Together To Make Cost Cutting Count

June 22, 2016

The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world’s most expensive oil regions intends to lead the way. Last month companies operating in the North Sea started pooling spare parts and tools, and they are even sharing plans on how… Continue Reading »

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