More Companies News

Analyst: Cost key variable in crude-price scenarios

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers’ costs, says a veteran observer of oil markets and the Middle East.

Reliance signs PSC for Myanmar blocks

Reliance Industries Ltd. (RIL) has taken on 96% interest in a production sharing contract as operator for blocks M17 and M18 off Myanmar. Both offshore blocks encompass 27,600 sq km in up to 3,000 ft of water in the Moattama basin. RIL won two out of three bids, the company said.

New firm to target Rockies, Midcontinent

Independence Resources Management (IRM), Houston, has started work with a line-of-equity investment of as much as $500 million from Warburg Pincus affiliates as an independent oil and gas company focused on the US Midcontinent and Rocky Mountain regions.

Rex Energy enters Moraine East drilling JV

Rex Energy Corp., State College, Pa., has entered a joint venture agreement with an affiliate of ArcLight Capital Partners LLC for the joint development of 32 wells in western Pennsylvania.

Tesoro launches restart of Martinez refinery following strike

Tesoro Corp. has launched a restart of its 166,000-b/d Golden Eagle refinery near Martinez, Calif., after an agreement was reached with a local union, ending a 52-day strike.

Harvest, stymied in Venezuela, eyes options

Citing “severe liquidity constraints brought about by the failure of the Venezuelan government to approve Harvest’s sale of its Venezuelan asset,” Harvest Natural Resources Inc. (HNR) is trying to raise funds in debt and equity markets to cover operating requirements and exploring reorganization if those efforts fail.

Seele named chief executive of OMV

Rainer Seele has been named chairman of the executive board and chief executive officer of OMV AG, effective July 1.

Mehren named head of Wintershall

Mario Mehren, a member of the board of executive directors of Wintershall Holding GMBH for exploration and production Russia, North Africa, and South America, has been named president of parent company BASF’s Oil & Gas Division, becoming head of Wintershall.

Chevron exits Cooper basin unconventional gas project

Chevron Corp. has pulled out of the Nappameri Trough unconventional gas project in the Cooper basin, leaving other joint venture partners Beach Energy Ltd. and Icon Energy Ltd. to go it alone.

Financial reporting's elements

Oil and gas companies are currently preparing their 2014 yearend financial statements that will showcase their operating results to shareholders.

Species protection spreading

US Interior Sec. Sally Jewell spoke extensively about efforts to improve the greater sage grouse's habitat when she appeared before the Senate Energy and Natural Resources Committee on Feb. 24.

OGJ Newsletter

International news for oil and gas professionals

DOE report identifies deficiencies in crude oil analysis techniques

A US Department of Energy report found gaps in important crude oil characterization data, uncertainty about how to best sample and analyze crude to ensure its properties are determined accurately, and deficiencies in understanding how a crude's properties affect its potential to accidentally ignite, combust, and explode.

Delayed West Ells SAGD project to start up this summer

Full first steam from the West Ells thermal oil sands project in the Athabasca region of Alberta is slated to commence in late June, with production launch in September.

Chevron to sell Caltex Australia interest

Chevron Global Energy Inc. has entered an underwriting agreement for the sale of its 50% interest in Caltex Australia Ltd. to what it described as “a broad range of Australian and global equity market institutional investors.”

Market Connections

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Sodexo is Hiring Cooks, Bakers, Housekeeping & Janitorial Workers

Sodexo is Hiring Cooks, Bakers, Housekeeping & Janitorial Workers Full benefit package Must be able to work any shift, day, night and weekends,...
PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA.

PUSHERS, DRILLERS, AND RIG HANDS NEEDED FOR LONG TERM PROJECT IN NEVADA. 14 ON 7 OFF. SEND RESUME TO BEATHJIM@YAHOO.COM
North Atlantic Refining

NOW HIRING: REFINERY MANAGER

Now Hiring: Refinery Manager. NARL Refining Limited Partnership (“NARL Refining” or the “Company”) owns and operates a 115,000-barrel-per-day oil r...
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...
WASHINGTON STATE UNIVERSITY

FACULTY POSITION

The Gene and Linda Voiland School of Chemical Engineering and Bioengineering at Washington State University invites applications for the B. Wise Di...

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