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Legality of drilling permits issued during shutdown challenged

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By Jennifer A. Dlouhy on 1/17/2019 Photo: Bakken Shale. WASHINGTON (Bloomberg) — The Trump administration’s decision to keep issuing oil drilling permits during the government shutdown is putting those authorizations in legal jeopardy, environmentalists argued in a filing Thursday. The Bureau of Land Management has already violated a federal spending law and legal requirements for Read More

Wild Well Control has expanded its Montrose Facility, UK

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1/17/2019 Photo: WellCONTAINED subsea capping stack. HOUSTON — Wild Well Control, a Superior Energy Services well control and engineering services company, has announced the expansion of its Montrose facility at South Ferryden, UK. Wild Well maintains the WellCONTAINED subsea containment system at Montrose Port. The WellCONTAINED system provides the most comprehensive package of subsea emergency Read More

Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality

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1/17/2019 Concept image: Pragma’s Downhole Steam Injection Valve. ABERDEEN — Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study. Using advanced materials, detailed Read More

Why a Libyan oilfield grab could be a boon or bane for exports

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By Salma El Wardany on 1/17/2019 CAIRO (Bloomberg) — Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields and help rejuvenate exports from OPEC’s Read More

Gulfport board faulted, share buybacks sought by investor

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By Scott Deveau on 1/17/2019 Photo: Gulfport Energy. NEW YORK (Bloomberg) — One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1% of Read More

Crude slips as record U.S. output undermines OPEC+ supply curbs

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By Alex Nussbaum and Grant Smith on 1/17/2019 NEW YORK (Bloomberg) — Oil retreated toward $51/bbl as record production in the U.S. undercut assurances from Russia that it will step up efforts to drain global supplies. Futures slid as much as 2.5% in New York, trimming gains of 3.6% over the past two days. While Read More

Shell appoints new upstream director

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1/17/2019 THE HAGUE — Royal Dutch Shell plc (Shell) has announced the appointment of Wael Sawan as upstream director with effect from July 1, 2019. Photo: Wael Sawan. In his new role, Wael will become a member of the Executive Committee and will take over from Andy Brown. Andy will remain available to Wael and Read More

Canadian indigenous groups mull pipeline deal to ease oil glut

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By Robert Tuttle on 1/17/2019 CALGARY (Bloomberg) — The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch.  Five or six First Nation communities have approached the federal government with a view to potentially acquiring Read More

Husky ends hostile MEG bid after lack of investor support

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By Simon Casey and Chitra Somayaji on 1/17/2019 NEW YORK and LONDON (Bloomberg) — Husky Energy abandoned its $2.07 billion hostile takeover bid for rival Canadian oil-sands producers MEG Energy after failing to win enough support from shareholders.  The offer didn’t secure the backing of the required minimum number of investors by the bid’s expiry Read More

OandG industry shows commitment to workplace safety in new report

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1/16/2019 Photo: Aker BP. WASHINGTON — API has released its comprehensive Workplace Safety Report showing that occupational injuries and illness for the natural gas and oil industry occur at a substantially lower rate than the U.S. private sector and are continuing to decline. “Safety has always been paramount to the natural gas and oil industry. Read More