More Companies News

That was then...

Thirty-three years ago, nearly to the day, this editor walked into the Houston offices of Oil & Gas Journal to take a job no one had ever held before...nor would hold again.

Moody's sees no quick supply response to spending cuts

Spending cuts announced so far by oil and gas companies will have a limited effect on oil supplies in a year beginning with oil price weakness and promising trouble for the producing and support industries, says a report from Moody's Investors Service.

API includes other sources in broader State of American Energy report

The American Petroleum Institute broadened its fifth annual State of American Energy report as it included solar, nuclear, hydropower, wind, coal, geothermal, biomass, and energy efficiency as well as oil and gas.

Renewed dilbit investigation faces similar hurdles of past decade

A National Research Council committee opened a second investigation of potential environmental consequences from diluted bitumen (dilbit) spills from pipelines.

Barclays sees likely downside to North American E&P budgets

Global exploration and production spending is expected to decline at least 8.8% in 2015 vs. 2014, according to 225 companies surveyed in the Barclays E&P Spending Outlook. North American budgets, meanwhile, are expected to fall at least 14.1% with significant downside potential, Barclays said.

Sharp drop expected in global E&P spending in 2015, study says

Global capital expenditures for oil and gas exploration and production projects are expected to drop 17% to $571 billion in 2015, according to Cowen and Co.’s annual study of 476 oil and gas companies’ E&P capex budgets. The study assumes an average West Texas Intermediate price of $70/bbl.

SPDC agrees to £55 million settlement with Bodo community

Shell’s Nigerian subsidiary Shell Petroleum Development Co. of Nigeria Ltd. (SPDC), reported signing a £55-million settlement agreement with the Bodo community in respect of the two operational spills in 2008.

Lundin reports 31% lower capex budget for 2015

Swedish independent Lundin Petroleum AB has budgeted a total of $1.45 billion for development, appraisal, and exploration in 2015, marking a 31% decrease from its capital spending budget for last year.

American Energy’s Utica, Marcellus units to merge

American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM), both affiliates of American Energy Partners LP (AELP), will merge in an all-stock transaction. 

Moniz: Low crude prices unlikely to change US energy policies

Crude oil prices below $50/bbl could force some producers to reduce capital expenditures if they go on for long, but are not likely to change US energy policies, according to US Sec. of Energy Ernest G. Moniz.

Athabasca Oil promotes Broen to president

Athabasca Oil Corp., Calgary, has promoted Rob Broen to president. Broen has been chief operating officer and retains that title. Tom Buchanan continues as chief executive officer and chairman.

Petrotrin’s downstream takes hit from US shale, poor margins

Trinidad and Tobago’s state-owned oil company Petrotrin is blaming the shale oil revolution in the US and poor refining margins overall for a $60 million loss during its 2013-14 fiscal year.

Chevron makes oil discovery in deepwater gulf Anchor prospect

Chevron Corp. reported a discovery of oil pay in multiple Lower Tertiary Wilcox sands in its Anchor prospect’s Green Canyon Block 807 Well No. 2, drilled in the deepwater Gulf of Mexico.

Pipeline test finds Monte Carlo superior to FORM

Pipeline failure probabilities calculated by the Monte Carlo method are better than those given by the first-order reliability method (FORM) but have a longer calculation time.

Oil-price plunge raises questions about unconventional plays

An oil-price plunge that began in the second half of 2014 and continues into 2015 raises questions about production from unconventional resources in the US.

Market Connections

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
Transocean

Are You Ready to Unlock Your Potential?

WE UNLOCK POTENTIAL. Our mission is to unlock the world’s natural resources from the deepest parts of the ocean. We know it takes a team of driven,...

Oil & Gas Conferences

There is no current content available.
Stay Connected