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Russian oil imports to Europe halted due to contamination

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By Aliaksandr Kudrytski and Maciej Martewicz on 4/25/2019 MINSK and WARSAW (Bloomberg) — Russian oil flows to parts of Europe were halted after customers complained of unusual impurities in the crude, adding another disruption to the global oil market and pushing prices in London above $75/bbl. Poland, which receives oil through a northern section of Read More

Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

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By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

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By World Oil staff on 4/24/2019 HOUSTON — The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron. Less than two weeks ago, Chevron announced that it had Read More

Talos Energy appoints Shane Young as executive V.P. and CFO

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4/24/2019 HOUSTON — Talos Energy Inc. has announced the appointment of Shannon E. young, III as executive V.P. and CFO of Talos, effective May 16, 2019. Michael L. Harding, II, currently executive V.P., CFO, chief accounting officer and treasurer, will continue to serve as the chief accounting officer of the company on an interim basis Read More

Oxy faces a heavyweight in Anadarko Prize Fight

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By Liam Denning on 4/24/2019 WASHINGTON (Bloomberg Opinion) — Anadarko Petroleum’s executives will be big winners in bidding war. Oh yeah, and the shareholders, too. It’s been a bruising 24 hours for CEO Al Walker and the board. First, it emerged the board had tweaked severance terms in favor of the c-suite just a day Read More

U.S. may not be able to offset Iran oil losses

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By Sheela Tobben on 4/24/2019 Photo: U.S. Secretary of State Mike Pompeo. NEW YORK (Bloomberg) — Secretary of State Mike Pompeo proclaimed America’s ability to help offset supply losses when the the U.S. vowed to stop any sales of Iranian crude. Maybe, but it would be a stretch. Oil condensate from the Eagle Ford shale Read More

Alberta eyes private producers as option to move crude

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By Kevin Orland on 4/24/2019 CALGARY (Bloomberg) — Shifting Alberta’s shipments of crude-by-rail to private producers, is an option that Cenovus Energy Inc. CEO Alex Pourbaix said Alberta Premier-Elect Jason Kenney may be able to consider, instead of scrapping the plan altogether. Kenney, who takes office next week, has vowed to end predecessor Rachel Notley’s Read More

Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

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4/24/2019 Photo: Diamond wire saw on a new asset in Ashtead Technology’s fleet. ABERDEEN — Ashtead Technology has announced that it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the U.S. The combined business will see clients in the Gulf of Read More

KCA Deutag awarded a four-year drilling contract extension in North Sea

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4/24/2019 The Scott Platform, UK North Sea. Photo: KCA Deutag. ABERDEEN — KCA Deutag is delighted to confirm that its offshore business unit has been awarded an extension to its existing contract with CNOOC Petroleum Europe Limited for the Scott platform, which it operates in the UK North Sea. The contract extension, which is for Read More