Industry News

2019 Machine Learning conference: Tapping into oil and gas data

The 4th Annual Machine Learning in Oil and Gas conference kicked off Wednesday, April 17, in Houston. The first day focused on the different ways that IT providers and various service companies are collaborating to implement software solutions, to extract value from the vast amounts of untapped data that the industry has accumulated.

Wintershall expands portfolio in Argentina

Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing round. In addition to the CMA-1 exploitation concession, with this award, the company will participate in further offshore exploration projects in Argentina.

Equinor wins seven exploration blocks offshore Argentina

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina.

A new drill pipe connection, capable of faster makeup and breakout, is reducing NPT in extended-reach drilling and challenging well environments, while remaining economically competitive with other premium connections.

Halliburton Company has announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency by integrating multiple product offerings and technologies.

Fort Wayne Announces $100 Million in Utility Infrastructure Investments

City officials in Fort Wayne, Indiana, have announced plans to invest $100 million in city neighborhoods for stormwater protection, sanitary sewer improvements, and water pipe upgrades.

Application Filed for New Nord Stream 2 Pipeline Route

The developers of the Nord Stream 2 natural gas pipeline from Russia to Germany applied for a third route south of Denmark's Baltic Sea island of Bornholm, as they try to overcome objections from the country.

Permian water company Solaris says it's closing in on new deal

Solaris Water Midstream, which handles water supplies and disposal for Marathon Oil, is closing in on a deal with another driller as explorers increasingly outsource one of the key components of fracking.

Australia's Woodside opens LNG truck loading facility

Woodside Petroleum said on Friday its Pluto liquefied natural gas (LNG) project has opened a new LNG truck loading facility as it looks to develop the domestic LNG market for remote power generation and transport fuels.

Qatar petroleum invites three groups to bid for North Field LNG train construction

Qatar Petroleum has invited three groups to bid for engineering procurement and construction packages on liquefied natural gas (LNG) mega-trains as it expands production at its North Field reservoir, the company said in a statement.

All aboard! Treasure on the high seas for gas dealers

In the booming market for super cooled natural gas, the most precious commodity is the ship.

Oman's OOG seeks more partners, supply for $15B refinery

Oman’s Overseas Oil and Gas LLC (OOG) is actively looking for new partners to develop $15 billion new refinery in Bontang, East Kalimantan, OOG Chairman Khalfan Al Riyami said.

US EPA revives provision that may name refiners applying for biofuel waivers

The U.S. Environmental Protection Agency on Friday took the first step to revive part of a rule that could, if finalized, reveal the names of oil refineries which applied for exemptions from the nation’s biofuel laws.

Strikes impact Shell's Pernis oil refinery but extent unclear

Workers on strike at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation, a Dutch union said, in the first sign of any impact from industrial action on Europe's largest oil refinery.

Energean reports >1 Tcfg discovery at Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

U.S. exported 2 MMbopd in 2018 to 42 destinations, nearly doubling 2017

In 2018, U.S. exports of crude oil rose to 2.0 MMbpd, nearly double the 1.2 MMbpd rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.

Delek, Ineos emerge as front-runners for Chevron's UK fields

As Chevron's North Sea oil and gas fields divestment progresses, Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are top contenders, according to people familiar with the matter.