Depressed prices have made oil and gas a very minor issue in the 2016 US election campaigns, but candidates’ few references to the industry are so polarized that they reveal unusual and discouraging ignorance, speakers agreed during an Apr. 26 discussion at the Center for Strategic and International Studies. Read Full Article Here For more…
Saudi Aramco has released a statement noting that it “unequivocally supports” the Saudi Vision 2030 economic plan. Read Full Article Here For more great articles: Offshore RSS Feed
Pioneer Natural Resources Co. says it expects 2016 production growth of more than 12% compared with the company’s previous target of 10%, reflecting improving Spraberry-Wolfcamp well productivity. Second-quarter production is forecast to average 224,000-229,000 boe/d. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
The US Energy Information Administration reported that Canada’s National Energy Board (NEB), in a recent publication projects that both Canada’s natural gas production and consumption will increase through the next decade. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
BP PLC reported a loss of $583 million for this year’s first quarter compared with a $2.6-billion profit in the same quarter in 2015. The company reported an underlying replacement cost profit of $532 million for this year’s first quarter compared with a profit of $196 million for the previous quarter and a profit of…
Husky Energy Inc., Calgary, is to sell a 65% interest in certain midstream assets in the Lloydminster region of Alberta and Saskatchewan to Cheung Kong Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. (PAH). Read Full Article Here For more great articles: Oil & Gas Journal – Transportation
Oil production from the declining Chinguetti field offshore Mauritania fell to 106 b/d during 1Q, compared to 382 b/d for the equivalent quarter in 2015. Read Full Article Here For more great articles: Offshore RSS Feed
A planned infill drilling campaign at the Breagh gas field in the UK North Sea is expected to be delayed until 2017, according to partner Sterling Resources. Read Full Article Here For more great articles: Offshore RSS Feed
Swift Energy Co. has completed financial restructuring and emerged from voluntary bankruptcy after completing the sale of 75% of its interests in South Bearhead Creek and Burr Ferry oil fields in central Louisiana. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Shell has awarded consultants Add Energy a three-year global maintenance integrity and asset performance management contract. Read Full Article Here For more great articles: Offshore RSS Feed