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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Vietnamese police arrested a senior Communist Party official on Friday for alleged wrongdoing while he was head of energy giant PetroVietnam, official media said.

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Federal geologists say they will reevaluate the amount of recoverable crude oil in North Dakota.

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AWE Ltd., Sydney, has received a rival bid to the second China Energy Reserve & Chemicals Group (CERCG) offer that was lodged on Dec. 8. The new entrant in what is becoming a bidding war for AWE is Perth-based mining and mining services group Mineral Resources Ltd. (MinRes), the company which earlier this year acquired fellow Perth firm Empire Oil & Gas NL. 

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PAO Novatek, Moscow, has agreed to acquire rights to Chernichnoye gas and condensate field under development in Russia’s Tyumen Region from Oil Company Mangazeya JSC, Krasnoselkup, Russia, for undisclosed terms.  

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Hurricane Energy has received an updated competent person’s report on the resources of various fractured basement oil discoveries and prospects west of Shetland.

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SOFEC has contracted Keppel Shipyard to fabricate a turret mooring system for the newbuild floating liquefied natural gas vessel bound for Eni’s Coral South project offshore Mozambique.

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Wintershall Group and DEA Deutsche Erdoel AG are to be merged into an independent oil and gas exploration and production company operating as Wintershall DEA. BASF, Wintershall’s parent, and LetterOne, DEA’s parent, have signed a letter of intent to merge the companies to create one of Europe’s largest independent operators. 

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Norway’s DNO ASA reported tripling its oil production to 15,000 b/d from Peshkabir field in the Tawke license in Iraq’s Kurdistan region after completion of the Peshkabir-3 well testing, stimulation, and cleanup program.

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Light, sweet crude oil rebounded on the New York and London markets on Dec. 8, the day after US oil futures dropped to a 3-week low on a weekly government report that showed rising US crude production.

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Euroheat & Power has announced the first certificate awarded to district heating steel valves manufactured according to the EN 488 standard.

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Global oil and gas solutions provider Tendeka has appointed Brad Baker as its new Chief Executive Officer as the independent completions and production optimization specialist gears up for further growth.

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A southwestern Idaho couple concerned they aren't being paid their fair share of oil and natural gas royalties are asking state officials to force a Texas-based oil company to reveal production and other records.

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The Interior Department said Thursday it is delaying an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands.

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Spectrum, on behalf of the Institute of National Petroleum, has started a multi-client 2D seismic survey offshore Mozambique.

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The US drilling rig count climbed for the fifth straight week with a 2-unit gain to 931 rigs working during the week ended Dec. 8, data from Baker Hughes indicate.

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The oil and gas industry will continue its slow recovery as upstream companies increase production, helping the midstream and services businesses as well, according to Moody’s 2018 outlook. Excess supply will continue to dampen oil prices in the coming year. Natural gas prices, on the other hand, will benefit from higher demand, but price gains will still be limited.

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One person has died and another suffered serious injuries following an incident this week onboard the jackup Maersk Interceptor.

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Microgrids have suddenly become a hot topic, but why?

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President Donald Trump's efforts to make the United States "energy dominant" with help from Alaska got off to modest results Wednesday.

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New FHE RigLock not only makes rigging up and down efficient - it adds "unmatched safety features to protect your team from costly injury," declares this free four-page brochure.