Daily Archives: March 3, 2016

Price pressure on oil exporting countries mounting, Senate panel told

Rate this article Economic pressure on crude oil exporting countries is likely to increase if prices remain depressed, two economists told the US Senate Foreign Relations Committee. The US and other major consuming nations will need to consider possible policy adjustments before significant problems developed, they said on Mar. 2. Read Full Article Here For…

Battle over BSEE well control rule hits US House

Rate this article The US House Subcommittee on Energy and Mineral Resources heard from three major federal agencies on President Barack Obama’s 2017 budget and the administration’s regulations. Read Full Article Here For more great articles: Offshore RSS Feed

NNPC to transform into 30 separate companies

Rate this article Nigerian National Petroleum Corp. is to transform into 30 profit-making companies in the weeks ahead as part of the ongoing reform of the national oil company. Read Full Article Here For more great articles: Offshore RSS Feed

Economist: Industry ‘bloodletting’ to continue in Texas

Rate this article Dramatic decreases in Texas upstream oil and gas industry economic indicators—even crude oil production—suggest a continued “bloodletting” in 2016, an economist indicated this week. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

MARKET WATCH: NYMEX crude oil prices gain modestly, top $34/bbl

Rate this article Light, sweet crude oil prices gained for a third consecutive session on the New York market Mar. 2 with the contract for April delivery holding above $34/bbl despite a weekly government report that showed a surprise jump in US crude oil inventories. Read Full Article Here For more great articles: Oil &…

Nigeria LNG names new tanker

Rate this article By LNG World News Nigeria LNG recently named a liquefied natural gas carrier built by Korea’s Samsung Heavy Industries for its shipping unit, Bonny Gas Transport. The 175,000 cbm vessel named LNG Abuja II is the fifth ship to be commissioned of the six newly acquired vessels by NLNG, the company said…

Gazprom enters into $2.2B loan with Chinese bank

Rate this article By Offshore Energy Today.. Russian energy company Gazprom and Bank of China, London Branch, entered on Thursday in Shanghai into a five-year EURo 2 billion ($2.2B) loan facility agreement. The agreement was signed by Gazprom’s Deputy Management Committee Chairman Andrey Kruglov, and by the Deputy General Manager Wang Huabin, on the part…

Can you spell oil?

Rate this article By -Offshore Energy Today- The fact that fossil fuels are such a fundamental part of our economy cannot be denied, nor can the cyclical nature of the industry, which amidst falling oil prices, entails hiccups in attracting and retaining talent within the industry. Read Full Article Here For more great articles: Offshore…