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General Interest

  1. BHI: US rig count cut in more than half since Dec. 5

    Online Articles

    Fri, 17 Apr 2015

    recently disclosed plans to scrap the ultradeepwater GSF Explorer drillship, that just 13 of the rigs recently removed from the company ’s global fleet had worked in the past year. By their count, retirement of the GSF Explorer will bring the number of international

  2. Oil Search decides on complete exit from Yemen

    Online Articles

    Fri, 17 Apr 2015

    complete exit from its acreage in Yemen. The company has sold its 34% interest in the onshore ..... 63.75% interest in Block 7 and the company will take over as operator. The block contains ..... purchase, saying it is a milestone in the company ’s attempts to build a Middle East

  3. API: US demand for petroleum rose in March, first quarter

    Online Articles

    Fri, 17 Apr 2015

    Total US petroleum deliveries, a measure of demand, averaged 19.2 million b/d in March, up 3.4% from a year ago and the highest level for the month since 2011, according to the American Petroleum Institute’s monthly statistics for March. Total demand in the first quarter gained 2.2% year-over-year.

  4. Yasref continues exports, commissioning activities at Yanbu refinery

    Online Articles

    Fri, 17 Apr 2015

    Yanbu Aramco Sinopec Refining Co. Ltd. (Yasref), a joint venture of Saudi Aramco (62.5%) and China Petrochemical Corp. (Sinopec) (37.5%), has exported the first shipment of petroleum coke (petcoke) from its 400,000-b/d refinery in Yanbu Industrial City on the west coast of Saudi Arabia along the ...

  5. More rig day rate, fleet use declines seen

    Online Articles

    Fri, 17 Apr 2015

    Drilling contractors, onshore and offshore, face further declines in day rates and fleet utilization this year as operators slash activity in response to a crude-price slump that shows no sign of early recovery, warns Fitch Ratings.

  6. MARKET WATCH: NYMEX, Brent continue upward momentum

    Online Articles

    Fri, 17 Apr 2015

    Crude oil prices for May delivery climbed for a sixth consecutive day on both New York and London markets Apr. 16, which analysts attributed to signs of a possible slowing in US oil production.

  7. BOEM, BSEE extend comment period for proposed Arctic drilling rules

    Online Articles

    Fri, 17 Apr 2015

    The US Bureau of Ocean Energy Management and Bureau of Safety and Environmental Enforcement extended the comment period for proposed oil and gas drilling regulations on the US Arctic Outer Continental Shelf by 30 days.

  8. Japanese group investing in deepwater FPSO offshore Brazil

    Online Articles

    Thu, 16 Apr 2015

    includes Modec Inc., Mitsui OSK Lines Ltd., and Marubeni Corp. The companies are investing in Tartaruga MV29 BV, a Dutch company established by Modec, and signed agreements Apr. 14. Mitsui has 32.4%, Modec 29.4%, Mitsui OSK Lines 20.6

  9. Total details revamp, conversion plan for French refineries

    Online Articles

    Thu, 16 Apr 2015

    Pouyanne said, adding that the company ’s latest investment plan will ..... petrochemical capacity by 2017, the company said. Donges At a cost of ..... reach an agreement with French government and local communities regarding ..... units to follow in 2017, the company said. Given this timeline

  10. Second Mid-Atlantic sale needed in next OCS plan, House panel told

    Online Articles

    Thu, 16 Apr 2015

    Robert Hobbs, chief executive at Houston geophysical services company TGS, said, “Because the first sale is not planned until 2021 and only one is scheduled, [the US Bureau of Ocean Energy Management ..... his community following similar visits over the years from government and industry representatives from Florida, South Carolina

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