Industry News

This is news related to the energy sector.  Clicking on stories below will take you to the publisher's website.


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America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won't be from a remote drilling platform.

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Beyond Limits, an artificial intelligence (AI) and cognitive computing company, today announced it has appointed Dr. Shahram Farhadi as the Head of Oil and Gas Technologies. Sharhram will lead Beyond Limits as the company continues to develop next generation artificial intelligence powered solutions for the energy industry.

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Rowan Companies plc has reported that ARO Drilling, its 50/50 joint venture with Saudi Aramco, began operations on Oct. 17, 2017.

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Cenovus Energy Inc., Calgary, has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger Ltd. for $1.3 billion (Can.) in cash.

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As a preview of Energean Oil & Gas SA’s estimated $5 million spend for 3D surveys and geological and geophysical studies in 2018, the company has reported that its two offshore Montenegro blocks could contain 1.8 tcf of natural gas and 144 million bbl of liquids, or a total of 438 million boe.

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Total has agreed to acquire 70% of Impact Oil & Gas’ interests in block 2913B offshore Namibia, and 77.78% of Impact’s interests in the Orange basin deep technical cooperation permit off South Africa, once an exploration right has been secured over the area.

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Prosafe has provided an update on current programs involving its semisubmersible accommodation rigs.

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On the market as "the world's first petroleum decision engine is PetroDE powerful cloud-based platform for making collaborative, data-informed decisions."

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Quartz & Piezo Memory Tools offer "oilfield operators increased reliability and performance from their memory gauges."

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Versfeld brings in-depth management experience in the oil and gas industry, with particular emphasis upon building and leading growth initiatives.

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Democrats and environmental groups on Tuesday denounced a Republican plan to allow oil and gas drilling in Alaska's Arctic National Wildlife Refuge, saying it would defile a crown jewel of U.S. wilderness to promote oil exports to China and other nations.

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Rosneft PJSC and the Kurdistan regional government (KRG) have signed production-sharing agreements for five blocks in the region.

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Singapore-based Jadestone Energy Inc. has reported an average production rate from Stag oil field in licence WA-15-L off Western Australia of more than 3,600 b/d for the 10-day period to Oct. 14.

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Ophir Energy PLC, Equatorial Guinea’s Ministry of Mines and Hydrocarbons, and the country’s national oil company GEPetrol have signed a production-sharing contract for Block EG-24 offshore Rio Muni.

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Utility tools: Introducing the Hilti SDS-max combihammers TE 60-AVR and TE 60-ATC/AVR with more product intelligence than ever before, enhanced features and a significantly upgraded performance.

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Iran's oil minister says President Donald Trump should allow American oil firms to do business in the Islamic Republic.

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One worker is missing and six are injured after an oil production platform operated by a New Orleans company exploded and caught fire in Louisiana’s Lake Pontchartrain.

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More than 5 decades of success off its coast farther south is helping Norway move ahead in seeking additional oil and gas resources in the Barents Sea, a government official indicated on Oct. 17.  

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CNOOC Oil & Petrochemicals Co. Ltd., the refining arm of China National Offshore Oil Corp. (CNOOC), has commissioned the Phase 2 expansion of subsidiary CNOOC Huizhou Refining & Chemical Co. Ltd.’s (CHRCC) 12 million-tonne/year integrated refining complex at the Daya Bay Economic & Technological Development Zone in Huizhou in China’s Guangdong province.

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Shearwater GeoServices has supplied a 3D fasttrack pre-stack depth migration product for Edison International from a new 3D SHarp broadband dataset in the Eastern Mediterranean.