US News

 

U.S. oil production remains near record high

Sep 16, 2019

U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020.Crude output averaged 12.1 million barrels per day (bpd) in June, essentially unchanged from record levels in May and April, according to data from the U.S. Energy Information Administration (EIA) published on Thursday…

Saudi Aramco Pursues IPO Planning Despite Attack

Sep 17, 2019

Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…

Middle East Risks Keep Oil Prices High

Sep 17, 2019

Oil lost some of its big price rises today as the US announced the possible release of crude reserves but the possibility of military action in response to the drone attacks on Saudi oil facilities still means prices are high and that stocks are under pressure…

Oil Price Spike after Saudi Attack Temporary

Sep 16, 2019

The drone attack on the world’s largest oil processing facility, Abqaiq in the heart of Saudi Arabia’s oil industry, forced Saudi Aramco to shut in 5.7 million barrels per day (bpd) of crude production, which equates to 7% of the current global crude and condensate production…

CannSeal Debuts Mobile Mixer Technology

Sep 16, 2019

New mobile mixer technology from annular isolation technology specialist CannSeal facilitates the company’s proprietary epoxy resin to be mixed on-site, opening up new markets independent of location as it removes constrictions associated with storage and curing times…

Oil Soars 10%

Sep 16, 2019

Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…

Battered U.S. Oil Producers Soar on Saudi Attacks

Sep 16, 2019

Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of the S&P 500's worst performing sectors this year.Shares in major energy conglomerates…

Offshore Wind Conference Set for SUNY Maritime

Sep 16, 2019

The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center…

QP Issues Tender for 4 Mega LNG Trains

Sep 15, 2019

The state owned oil and gas company Qatar Petroleum has issued Engineering, Procurement and Construction (EPC) tender for liquid products storage and loading facilities of the North Field Expansion (NFE) Project.The NFE Project involves the…

US Rig Count Slides

Sep 13, 2019

U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending, leading to slower growth in crude output.Drillers cut five oil rigs in the week to Sept. 13, bringing the total count down to 733…

US Shale to Peak at 14.5Mbpd in 2030

Sep 13, 2019

US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, said the energy research and business intelligence company Rystad Energy.In the past decade, crude oil coming from shale patches such as the Permian in…

AIDAperla Receives Corvus Battery System

Sep 13, 2019

Carnival Corporation's Germany brand AIDA Cruises and Corvus Energy have signed a deal to retrofit the AIDAperla with a 10MW battery pack, the largest to date set to be featured on a cruise vessel.'The order is for a 10MWh Energy Storage System (ESS) to be installed on board AIDAperla in 2020…

Ukraine Strips US Firm of Black Sea Exploration Rights

Sep 12, 2019

Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment…

GE to Shed Majority Control of Baker Hughes

Sep 11, 2019

General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday…

Russia: Arctic Offshore Oil Feasible at $130/bbl

Sep 10, 2019

The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…

Current News

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

Oil Price Spike after Saudi Attack Temporary

Oil Price Spike after Saudi Attack Temporary

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