More Oil & Gas News

SPE/ICoTA: Oil field services market to contract, rebound quickly

In a keynote speech to attendees of the 2015 Coiled Tubing & Well Intervention Conference & Exhibition, Richard B. Spears, an oil field services market researcher, says the worst may be yet to come for that market, but a partial recovery also could come sooner than expected.

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.

Petrobras to exit Japanese refining business

Brazil's state-owned Petroleo Brasileiro SA (Petrobras) is initiating a plan to exit its Japanese refining business, which consists of wholly owned subsidiary Nansei Sekiyu KK’s 100,000-b/d Nishihara refinery on Japan’s southwestern island of Okinawa.

TransCanada to change Energy East route

TransCanada Corp., responding to new concern about Beluga whales and community comments, will change the destination end of its proposed Energy East pipeline.

KKR, Fleur de Lis buy Wyoming carbon dioxide assets

KKR and Fleur de Lis Energy have acquired properties related to carbon dioxide enhanced oil recovery in the Powder River and Green River basins of Wyoming from Anadarko Petroleum Corp.

RFF speakers relay challenges faced by Alaskan offshore oil developers

Significant problems ranging from the lack of deepwater ports and spill-response systems to potential impacts on wildlife and indigenous populations need to be solved before US Arctic offshore oil exploration and production moves ahead, speakers agreed at a Resources for the Future (RFF) event.

FWS lists Northern Long-Eared Bat as a threatened species

The US Fish & Wildlife Service designated the Northern Long-Eared Bat (NLEB) a threatened species, but attached an interim special rule that it said eliminates unnecessary regulatory requirements for landowners, land managers, government agencies, and others in the animal’s multistate range.

MARKET WATCH: Oil prices jump $2/bbl on a brief rally

Crude oil futures prices gained more than $2/bbl on the New York market on Apr. 1 to settle slightly above $50/bbl while opinions varied among analysts about the timing and strength of an oil-price recovery.

EIA: OPEC’s net oil export revenues declined 11% in 2014

Members of the Organization of Petroleum Exporting Countries, excluding Iran, earned $730 billion in net oil export revenues during 2014, according to estimates from the US Energy Information Administration.

North Dakota joins Wyoming in lawsuit challenging federal fracing rule

The North Dakota Industrial Commission has voted to join Wyoming in a lawsuit challenging a new rule issued by the US Department of the Interior’s Bureau of Land Management, which includes requirements for publicly disclosing chemicals using in hydraulic fracturing.

KMI, Keyera to build crude storage terminal near Edmonton

Kinder Morgan Inc. (KMI) and Keyera Corp. have formed a 50-50 joint venture to build the 4.8-million-bbl Base Line above-ground crude oil storage terminal near Edmonton, Alta.

Oman plans petcoke storage for Sohar refinery’s post-revamp production

Oman Oil Refineries & Petroleum Industries Co. (Orpic) has invited global firms to bid on an engineering, procurement, and construction contract for an installation to store and handle petroleum coke (petcoke) that will be produced following completion of a multibillion dollar modernization project under way its Sohar refinery, about 230 km northwest of the Omani capital of Muscat.

Study says most of California's fracturing done in Kern County

The majority of hydraulic fracturing in California so far has been concentrated in the southwest portion of the San Joaquin basin in Kern County, said a scientific study released by the California Natural Resources Agency, the California Council on Science & Technology, and Lawrence Berkeley National Laboratory.

Alberta tells Duvernay operators to watch for seismic events

The Alberta Energy Regulator said oil and gas companies working in the Duvernay zone near the Fox Creek area are to monitor for seismic events, and companies are to take certain outlined actions in case a seismic event registers greater than 2.0 on the Richter scale.

EnLink Midstream enters Permian basin through acquisitions

EnLink Midstream made two acquisitions early this year to give it a position in the Permian basin. An EnLink subsidiary said it would buy LPC Crude Oil Marketing LLC, and then days later, EnLink agreed to acquire Coronado Midstream Holdings LLC, which owns gas-gathering systems and processing facilities.

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,...
Stay Connected