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WandT Offshore acquires producing properties in the Gulf of Mexico

4 weeks ago DieselGasoil Comments Off on WandT Offshore acquires producing properties in the Gulf of Mexico
6/27/2019 HOUSTON — W&T Offshore, Inc. has announced that it has entered into a purchase and sale agreement with ExxonMobil Corporation to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (GOM), offshore Alabama, and related onshore processing facilities for $200 million. Key Read More

Emerald Bay Energy reports initial oil production from South Texas’ Kuhn 3

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6/27/2019 CALGARY and SAN ANTONIO — Emerald Bay Energy Inc. has reported on the initial oil production from the Kuhn 3 well. During the first 24 hr, Kuhn 3 produced approximately 120 bbl of oil. Over this period, the Kuhn 3, 4 and A5 wells collectively produced 145 bbl of oil into the sales tanks. Read More

AADE Lafayette Chapter announces 2019-2020 board, committee members

4 weeks ago DieselGasoil Comments Off on AADE Lafayette Chapter announces 2019-2020 board, committee members
6/27/2019 LAFAYETTE — The Lafayette Chapter of the American Association of Drilling Engineers (AADE) has announced its 2019-2020 board and committee members. The 2019-2020 elected officers for the AADE Lafayette Chapter are Jude Boudreaux, president, Offshore Energy Services, Inc.; Bryan Leger, first vice president, Premium Oilfield Services; Jordan Woods, second vice president, Sierra-Hamilton Engineering, Inc.; Read More

Premier Oil reports significant resource upgrade at Zama

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6/27/2019 LONDON — Premier has announced that it has significantly increased its resource estimate of Zama field offshore Mexico, following its evaluation of the data acquired from the highly successful Talos Energy-operated Block 7 Zama appraisal campaign. The campaign comprised two appraisal wells (Zama-2 and Zama-3) and a vertical side-track (Zama-ST1), which was flow tested. Read More

REFINERY NEWS ROUNDUP: News emerge on upgrades, launches in Asia-Pacific

4 weeks ago DieselGasoil Comments Off on REFINERY NEWS ROUNDUP: News emerge on upgrades, launches in Asia-Pacific
London — Some planned turnarounds in the Asia-Pacific are ongoing while news is emerging on upgrades and launches. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Separately, Taiwan’s Formosa Petrochemical Corp. plans to cut runs at one of its two residue fluid catalytic crackers at the 540,000 b/d Mailiao Read More

OPEC+ grapples oil risks from trade war to Middle East conflict

4 weeks ago DieselGasoil Comments Off on OPEC+ grapples oil risks from trade war to Middle East conflict
By Grant Smith on 6/27/2019 LONDON (Bloomberg) –OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to prop up prices. But in a market clouded by uncertainties, they’ll probably also hint at how the policy may change. As oil demand Read More

Iraq committed to OPEC cut deal, but ready to meet any oil demand growth: minister

4 weeks ago DieselGasoil Comments Off on Iraq committed to OPEC cut deal, but ready to meet any oil demand growth: minister
Commodity Oil Commodity Oil Iraq, which has surpassed its oil output quota under the most recent OPEC/non-OPEC supply cut accord, is committed to the deal, but stands ready to meet any global demand growth, its oil minister said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iraq as Read More

Iraq’s SOMO gearing up to offer more crude grades: oil minister

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Iraq is gearing up to offer more crude grades to satisfy customer needs and present greater variety to the market, the country’s oil minister, Thamir al-Ghadhban, said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “One major marketing strategy is to achieve stability in oil grade specification,” Ghadhban Read More

OPEC and its allies grapple with murky market outlook as they prepare to meet in Vienna

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Three months ago, OPEC and its allies deferred a decision on extending their oil production cuts beyond the first half of the year, cancelling a planned April meeting to get a better read on the market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With the 1.2 million b/d Read More

US pledges to ensure steady crude supplies to India

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The United States will ensure steady supply of crude oil to India at right prices, US Secretary of State Michael Pompeo said, as both New Delhi and Washington look to strengthen energy ties amid mounting geopolitical tensions in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More