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DW Monday: Obama’s Legacy

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44 th President and some of his more controversial legislations, there have been a number of positive aspects that occurred u ...

OilVoice Press


Posted 1 day agoOpinion > DW MondayObamaDonald Trump

Oil price, Tullow, Cairn, Cape, Velocys, And finally...

Oil price The above prices are slightly skewed as the US was shut for MLK day, I suspect that tomorrow will rearrange the order of things. I remain sceptical about bulls and bears sticking to their view, yesterday the Saudis said that after the May meeting the quotas may not need to be rolled over ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 day agoOpinion > Malcy's BlogTullow OilCairn Energy +2

The Top 5 Places To Work In U.S. Oil And Gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five for the industry was completed by Plains All American at #3, Occidental Petroleum at #4, and Noble Energy at #5. Indeed said that it ran ...

Oilprice Staff


Posted 1 day agoOpinion > oilpriceAnadarko CorporationChevron Corporation +3

Noble Energy to Acquire Clayton Williams Energy

Noble Energy, Inc. (NYSE:NBL) ("Noble Energy" or "the Company") and Clayton Williams Energy, Inc. (NYSE:CWEI) ("Clayton Williams Energy") today announced that the Boards of Directors of both companies have unanimously approved and the companies have executed a definitive agreement under which Noble ...

OilVoice Press


Posted 1 day agoPress > Noble EnergyClayton Williams Energyacquisitions

New Statoil discovery near Norne

One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.   “It's great kicking off the new year with a discovery,” says Jez Averty, senior vice president for exploration in Norway and the UK. The drilling o ...

OilVoice Press


Posted 1 day agoPress > StatoilDiscoveryNorne

Cape awarded insulation work packages for Jazan Project in the Kingdom of Saudi Arabia

Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce Cape RB Hilton has been awarded three substantial insulation work packages from Nasser S. Al Hajri Corporation (NSH) for the Jazan project ...

OilVoice Press


Posted 1 day agoPress > CapeSaudi ArabiaKSA +1

Subsea 7 announces offer for Seaway Heavy Lifting

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that one of its wholly owned subsidiaries has made an offer to acquire the 50% shareholding in Seaway Heavy Lifting Holding Limited currently owned by K&S Baltic Offshore (Cyprus) Limited. The terms of the offer are binding on Subsea 7 unti ...

OilVoice Press


Posted 1 day agoPress > Subsea 7Seaway Heavy LiftingAcquisition

Subsea 7 announces early termination of contract offshore Brazil

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the early termination of the day-rate contract for Subsea 7's Pipelay Support Vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil, effective 16 January 2017. The contract was due to expire in 2018 and as a result the Group back ...

OilVoice Press


Posted 1 day agoPress > Subsea 7BrazilOffshore

Erut-1 oil discovery in Kenya for Tullow

Tullow Oil plc (Tullow) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres. The overall oil column for the field is considered to be 100 to 125 metres.   The objective ...

OilVoice Press


Posted 1 day agoPress > Tullow OilDiscoveryKenya +1

Consultant rates are down 27% from 2013

Consultants currently working in the exploration and production sector are earning on average 27% less than they did in 2013.   This was one of the key findings of the OPC E&P Consultant Market Report 2016.   This fact comes as no surprise to OPC Managing Director Piers Johnson.  "I don't know any c ...

Mike Ellingham


Posted 1 day agoPress > jobspay ratesmarket trends

The world runs on energy and today, the demand continues to grow

Whether companies produce, trade or consume energy, TouchstoneEnergy is the leader in delivering business systems that support the energy supply chain. We enable companies to make smarter decisions by addressing and managing business risk whilst maintaining financial control. At TouchstoneEnergy , ...

Marcus Kelly - TouchstoneEnergy


Posted 1 day agoPress > Touchstoneoil priceUpstream Production Solutions

2016 offshore discovered liquids resources were 90% lower than in 2010

Rystad Energy concludes that the 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010. This drop is most significant to the overall decline in discovered volumes; in fact, total global discovered volumes (oil & gas combined) are at an ...

Julia Weiss


Posted 8 hours agoOpinion > Rystad Energy

SKF and GE Oil & Gas sign collaboration agreement to develop use of active magnetic bearing applications

Collaboration agreement widens scope of use for active magnetic bearings for turbomachinery within the oil and gas sector  Luton, 18 January 2017: SKF and GE Oil & Gas have signed a non-exclusive, licence-based collaboration agreement, aimed at further developing the use of active magnetic bearing ...

OilVoice Press


Posted 8 hours agoPress > SKFGE Oil & Gasmagnetic bearing applications

Oil price, Faroe, SDX Energy, And finally…

Oil price Both the Saudi Oil Minister and the head of Saudi Aramco were on their hind legs at Dav-oh yesterday, the former saying that the US supply infrastructure was ‘decimated' and the latter confirming that the oil market would have re-balanced by the end of the first half. He also snuck in ...

OilVoice Press


Posted 6 hours agoOpinion > Malcy's BlogFaroe PetroleumSDX Energy

Sky-Futures makes a significant contribution to landmark industrial drone guidelines

Oil & Gas UK have launched their seminal drone guidelines to industry, ‘Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines', in partnership with an expert panel, including Sky-Futures. Nick Rogers, Co-founder and Chief Regulatory and Training Officer (CRTO) at Sky-Futur ...

David Gull


Posted 1 day agoPress > Regulationguidelinessky-futures +4

Marcellus shale sees massive resurgence in M&A activity

There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy's global M&A review for 2016 . Marcellus assets changed hands for a total of US$7.25 billion in 2016 – a massive increase on US$920 ...

Mark Young


Posted 7 hours agoOpinion > MarcellusShaleShale Gas +6

ExxonMobil to Acquire Companies Doubling Permian Basin Resource to 6 Billion Barrels

Companies' assets include 250,000 acres in highly prolific Permian Basin Adds more than 3.4 billion barrels of oil equivalent, of which 75 percent is liquids Upfront acquisition cost of $5.6 billion to be paid in ExxonMobil shares Exxon Mobil Corporation (NYSE:XOM) said today it will more than ...

OilVoice Press


Posted 7 hours agoPress > ExxonMobilPermian Basin

Faroe Petroleum awarded four new exploration licences in Norway

Four new exploration licences awarded in Norway   Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded four new prospective exploration licences, ...

OilVoice Press


Posted 8 hours agoPress > Faroe PetroleumNorwaylicence round

Angus Energy - Brockham oil field update

  Brockham oil field: Update Angus Energy plc. (the "Group") is pleased to confirm that, further to the 15 December 2016 announcement, site upgrade works to the production bunds are now complete and well intervention continues on site at Brockham. Accordingly, we anticipate the re-entry of t ...

OilVoice Press


Posted 8 hours agoPress > Angus EnergyBrockham oil field

Statoil awarding service contracts for two Cat J rigs

Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks. Initially awarded for four years the contracts include options for two 2-year extensions. The co ...

OilVoice Press


Posted 8 hours agoPress > StatoilNorwayCat J Rig +1
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