Rumors about death of the offshore oil and gas producing industry prove—to borrow a quip attributed with embellishment to Mark Twain—to have been greatly exaggerated. This happy observation applies even where the future, not long ago, looked especially grim. Source: News
The human element
Transformation is a recurring theme at oil and gas events, as was the case at this year’s Offshore Technology Conference held earlier this month in Houston. In 2017, OTC panelists discussed Big Data and the need for skilled workers to adopt and tackle the immediate and future needs of the oil and gas industry. This […]
21 May 2018 12:54:54 EDT – The latest stock information is now available for your stocks
XOM Last 82.1 Change +0.80 % Change 0.98% Volume 4,011,282 As of: 21 May 2018 12:54:54 EDT View: Stock Quote | News CVX Last 129.06 Change +1.20 % Change 0.94% Volume 2,001,699 As of: 21 May 2018 12:54:54 EDT View: Stock Quote | News COP Last 70.495 Change +0.945 % […]
Harbour Energy revises bid for Santos once more
Harbour Energy Australia Pty. Ltd., Perth, has increased its previous offer for all of the shares of Santos Ltd., Adelaide, to $5.21/share. Source: News
Magellan Midstream to expand western leg of Texas products line
Magellan Midstream Partners LP, Tulsa, will expand the western leg of its products pipeline system in Texas to handle incremental shipments of gasoline and diesel fuel to centers in Abilene, Midland-Odessa, and El Paso, Tex., and New Mexico. The pipeline also can access Arizona and Mexico via connections to other systems. Source: News
MARKET WATCH: Brent crude oil ends week under $79/bbl
US light, sweet crude oil and Brent crude oil prices both decreased May 18 to end a volatile trading week as analysts contemplated the effects upon world oil markets from planned US economic sanctions on Iran as well as on continuing oil production declines in Venezuela. Source: News
Small field in the Philippines starts flow
Production has begun from the first oil discovery to be declared commercial in the Philippines since offshore Galoc field, which came on stream in 2008. Onshore Algeria oil field started up at a combined rate of 360 b/d of oil from two wells in southern Cebu Island. Source: News
21 May 2018 11:57:37 EDT – The latest stock information is now available for your stocks
XOM Last 82.0201 Change +0.7201 % Change 0.89% Volume 3,273,576 As of: 21 May 2018 11:57:37 EDT View: Stock Quote | News CVX Last 129.11 Change +1.25 % Change 0.98% Volume 1,690,894 As of: 21 May 2018 11:57:37 EDT View: Stock Quote | News COP Last 70.3 Change +0.75 % […]
IPAA official applauds BSEE’s proposed offshore well-control reforms
The US Bureau of Safety & Environmental Enforcement’s proposal to modify the Blowout Preventer System and Well Control Rule imposed following the 2010 Macondo deepwater well blowout and crude oil spill reflects BSEE’s recent work to revise flawed regulations and make offshore oil and gas operations safer, and Independent Petroleum Association of America official said. […]
Kosmos to respud well offshore Suriname
Kosmos Energy Ltd. will respud its first well offshore Suriname after the Anapai-1 encountered shallow-borehole stability issues. The well is testing an Early Cretaceous structural-stratigraphic concept on 5,126-sq-km Block 45. Source: News