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Ex-Halliburton Chairman Lesar to start new oil-services company

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By David Wethe, Kevin Crowley and Kiel Porter on 1/14/2019 Photo: Dave Lesar, former chairman, Halliburton. HOUSTON and NEW YORK (Bloomberg) — Dave Lesar, fresh from retiring as executive chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Read More

OPEC+ plans review in Baku in March, Ministers' meeting in April

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By Grant Smith on 1/14/2019 Photo: Azerbaijan oilfield. LONDON (Bloomberg) — OPEC and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organization’s top official. The body that reviews the implementation of OPEC’s supply cuts, Read More

U.S. envoy insists no more waivers for buyers of Iran's oil

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By Bruce Stanley and Manus Cranny on 1/14/2019 Abouzar production platform. Photo: NIOC. DUBAI and LONDON (Bloomberg) — The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said. U.S. sanctions have so far cut Iran’s Read More

'Gas, of course' proclaims NPD director general

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By Bente Nyland, director general, norwegian petroleum directorate on 1/14/2019 STAVANGER — The Aasta Hansteen gas field began production on Dec. 16 as the first development in the northern Norwegian Sea. At the same time, the new Polarled pipeline began carrying natural gas to Nyhamna near Ålesund for export to European customers. All this opens Read More

Attollo has launched Innovation Incubator

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1/14/2019 Offshore rig and wind turbines. Photo: Attollo Offshore. ABERDEEN — Attollo Offshore has launched its Aberdeen-based Innovation Incubator. The venture reflects the company’s strategy of continued research and development into improving offshore marine operations. Due to create 20 jobs, the incubator will bring operational and academic minds together, within Attollo, to accelerate the digital Read More

Halliburton has appointed new Western Hemisphere president

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1/14/2019 Photo: Halliburton Western Hemisphere President Mark Richard. HOUSTON — Halliburton Company has announced that Mark Richard, previously senior V.P. of the Northern Region, has been promoted to succeed Jim Brown as president of the Western Hemisphere effective Feb. 1, 2019. “Mark’s success in managing multiple regions around the world, his substantial industry knowledge and Read More

SDX has reported progress in Egypt

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1/14/2019 Map: SDX energy in Egypt. LONDON — SDX Energy Inc., the North Africa focused oil and gas company, has provided an update on operational developments in Egypt. A full operations update will be announced in late January 2019. The SRM-3 well at South Ramadan (SDX 12.75% working interest and non-operator), reached a target depth Read More

BP, Eni to pursue major new exploration opportunity in Oman

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1/14/2019 Kazzan field, Oman. Photo: BP. MUSCAT, Sultanate of Oman — BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman. Under the HoA, the two companies will work with the Government Read More

New exploration captures support Eni’s aggressive Middle East growth strategy

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By will scargill, senior oil & gas analyst, GlobalData on 1/14/2019 Photo: Oil derrick. LONDON — Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy: “Eni’s recent Read More