newszine

Equinor drills dry well west of Johan Sverdrup

1 month ago DieselGasoil Comments Off on Equinor drills dry well west of Johan Sverdrup
7/16/2019 STAVANGER — Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7. The well was drilled about 1 km west of Johan Sverdrup oil field in the central part of the North Sea and 200 km west of Stavanger. The objective of the well was to prove petroleum, Read More

Oil futures rise slightly as storm impact fades

1 month ago DieselGasoil Comments Off on Oil futures rise slightly as storm impact fades
London — 1030 GMT: Crude oil futures were trading slightly higher in late European morning Tuesday as the impact of Tropical Storm Barry subsided, while global economic uncertainty lingered. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am London time (1030 GMT), ICE Brent September futures were Read More

Sparrows Group secures approved supplier status from Saudi Aramco

1 month ago DieselGasoil Comments Off on Sparrows Group secures approved supplier status from Saudi Aramco
7/16/2019 ABERDEEN — Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil company, Saudi Aramco. The approval allows recently formed local entity, Sparrows Saudi Arabia LLC, to deliver its full portfolio of services to Saudi Aramco including drilling Read More

Improved reservoir recovery anticipated for Gudrun field with new investment

1 month ago DieselGasoil Comments Off on Improved reservoir recovery anticipated for Gudrun field with new investment
7/16/2019 STAVANGER — The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan. “We are pleased about the partnership’s decision to invest NOK 2.4 billion in further development of the Gudrun Read More

Analysis: National oil producers raise trading game in battle for oil trade flows

1 month ago DieselGasoil Comments Off on Analysis: National oil producers raise trading game in battle for oil trade flows
Highlights Aramco hires traders for new London desk NOC push heaps new pressure on Vitol, others Peak oil demand seen fueling trading expansion With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete Read More

U.S. DUC shale backlog declines, except in Permian basin

1 month ago DieselGasoil Comments Off on U.S. DUC shale backlog declines, except in Permian basin
By Stephen Cunningham on 7/16/2019 WASHINGTON D.C. (Bloomberg) –The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output. The number of drilled but uncompleted wells, or DUCs, fell Read More

U.S. shale fracklog declines, expect in Permian basin

1 month ago DieselGasoil Comments Off on U.S. shale fracklog declines, expect in Permian basin
By Stephen Cunningham on 7/16/2019 WASHINGTON D.C. (Bloomberg) –The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output. The number of drilled but uncompleted wells, or DUCs, fell Read More

Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand

1 month ago DieselGasoil Comments Off on Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand
The FOB Singapore 95/92 RON gasoline spread rebounded Monday from multi-year lows seen in June to a 14-month high, fueled by a surge in octane boosters demand, industry sources told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 95/92 RON gasoline spread — the difference Read More