Industry News

Uruguay Says To Tender 17 Offshore Blocks For Exploration

Industry News - Mon, 2017-04-24 19:00
Uruguayan state oil company Ancap says it will tender 17 offshore blocks for exploration.

Valero Energy to Process More Crude Amid Strong Gasoline Demand

Industry News - Mon, 2017-04-24 19:00
The inventory of refined products has come down in recent months, offering a glimmer of hope to refiners, whose margins fell sharply in 2016 due to a glut of gasoline and diesel.

U.S. East Coast Refiners Eye Texas Oil as North Dakota Alternative

Industry News - Mon, 2017-04-24 19:00
Which East Coast refiners are looking to move more crude by ship from Texas into the Philadelphia area?

Perry Says Trump Should Renegotiate, Not Exit, Paris Accord

Industry News - Mon, 2017-04-24 19:00
The White House has said it will decide by next month what to do with the deal involving more than 190 nations struck in the French capital in 2015.

Electric Car Boom So Real Even Oil Companies Say It's Coming

Industry News - Mon, 2017-04-24 19:00
Total SA, one of the world's biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.

Refining Reliability and the Opportunity of Big Data

Industry News - Mon, 2017-04-24 19:00
Data analytics offers much short-term promise in the downstream arena.

BLOG: Previous Unite Strike Reps Can Inspire Workers in Current Dispute

Industry News - Mon, 2017-04-24 19:00
Unite spokesperson says recent North Sea strike can inspire other offshore workers.

Baker Hughes Expects N. America Revenue To Rise In 2Q

Industry News - Mon, 2017-04-24 19:00
Baker Hughes expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells.

Unsung Gulf of Mexico Tracks New Crude Oil Production Record

Industry News - Mon, 2017-04-24 19:00
Permian Basin hoards the spotlight, but meanwhile, offshore producers are a fraction of a percentage point away from hitting another all-time high during the first half of the year, according to RBN Energy.

ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters

Industry News - Mon, 2017-04-24 19:00
ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.

Azeri Absheron Gas Field Could Start Production At End-2019

Industry News - Mon, 2017-04-24 19:00
Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020.

Feasibility Study For Rosneft/Exxon Russia LNG Plant Seen By Mid-2017

Industry News - Mon, 2017-04-24 19:00
A feasibility study for a liquefied natural gas plant in Sakhalin, designed by Russia's Rosneft and USA's ExxonMobil, should be ready by the middle of 2017.

Azeri, Saudi Energy Ministers To Discuss Extension Of Oil Output Cuts

Industry News - Mon, 2017-04-24 19:00
Azerbaijan's energy minister, Natig Aliyev, says he will discuss a possible extension of the global oil output cut deal at a meeting with his Saudi counterpart on Wednesday.

China To Boost Non-Fossil Fuel Use To 20% By 2030

Industry News - Mon, 2017-04-24 19:00
China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030.

Iraq Begins Final Expansion Phase At Halfaya Aiming To Double Output

Industry News - Mon, 2017-04-24 19:00
Iraq launches the 3rd and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000 barrels per day.

CEO: Another Year of Activity Decline in 2017

Industry News - Mon, 2017-04-24 19:00
Another year of decline in oil and gas activity is expected in 2017, according to Amec Foster Wheeler's CEO Jonathan Lewis.

Petrofac Secures $70MM Services Contracts in Iraq

Industry News - Mon, 2017-04-24 19:00
Petrofac secures a series of contract awards worth more than $70 million for engineering, operations and maintenance services in Iraq.

Undiscovered Oil, Gas Resources in Barents Sea Double

Industry News - Mon, 2017-04-24 19:00
The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to the Norwegian Petroleum Directorate's new calculations.

Andalas Could Become 'Material Player' in Indonesia Gas to Power Outlook

Industry News - Mon, 2017-04-24 19:00
Andalas Energy and Power Plc, in collaboration with Pertamina, has identified a further 2 gas fields in central Sumatra suitable for wellhead IPP (independent power project) development.

Oil Slips On OPEC Cut Extension Doubts, Russia Output Worries

Industry News - Sun, 2017-04-23 19:00
Oil prices slip nearly 1%, extending last week's decline.

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