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Libyan crude production recovers as largest oil field restarts

2 months ago DieselGasoil Comments Off on Libyan crude production recovers as largest oil field restarts
7/22/2019 CAIRO – Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. A valve in the pipeline that carries crude from the Sharara field to the Zawiya refinery has been reopened and tested, said the state-run National Oil Corp. The stoppage Read More

Halliburton cutting frac jobs, equipment in US and Canada

2 months ago DieselGasoil Comments Off on Halliburton cutting frac jobs, equipment in US and Canada
7/22/2019 HOUSTON – Halliburton is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America. The world’s biggest provider of fracing equipment, including pumping units and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it has parked Read More

Emerson helps complete first Caspian subsea project ahead of schedule, under budget

2 months ago DieselGasoil Comments Off on Emerson helps complete first Caspian subsea project ahead of schedule, under budget
7/22/2019 SOUTHHAMPTON — Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract to help ensure reliable, safe operations. Emerson’s support services, predictive reliability software and digital twin solutions will help optimize operations and achieve reliable Read More

New shale technology detects completion problems, parent/child well interference

2 months ago DieselGasoil Comments Off on New shale technology detects completion problems, parent/child well interference
7/22/2019 TOMBALL — Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job. As a result, upstream companies can validate models and successful stages while identifying, fixing or avoiding problem stages as they occur. U.S. industry Read More

Iran oil stacking up in Chinese ports adds to market uncertainty

2 months ago DieselGasoil Comments Off on Iran oil stacking up in Chinese ports adds to market uncertainty
7/22/2019 BEIJING -Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to Read More

UK’s Jersey Oil & Gas advances Buchan revamp with new blocks

2 months ago DieselGasoil Comments Off on UK’s Jersey Oil & Gas advances Buchan revamp with new blocks
Highlights Plan combines Verbier and legacy Buchan field Equinor has option to join in Buchan project First oil output targeted in 2024 London — The UK regulator on Monday awarded independent Jersey Oil & Gas license blocks in the North Sea that could enable a redevelopment of the defunct Buchan oil field and nearby finds. Read More

Crude futures rise as traders watch geopolitical tensions; Brent at $63.80, WTI at $56.78

2 months ago DieselGasoil Comments Off on Crude futures rise as traders watch geopolitical tensions; Brent at $63.80, WTI at $56.78
Crude oil futures extended gains from the end of last week on Monday as traders continued to eye geopolitical tensions threatening supply from the Middle East and Libya. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 1035 GMT front-month ICE Brent September futures were up $1.33/b from Friday’s Read More

Libya’s NOC lifts force majeure on Sharara crude loadings

2 months ago DieselGasoil Comments Off on Libya’s NOC lifts force majeure on Sharara crude loadings
London — Libya’s National Oil Corporation said Monday it has lifted the force majeure on Sharara crude oil loadings from the Zawiya terminal after the country’s largest oil field was shut in for two days following the closure of a valve by an unidentified party. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Kashagan consortium eyes output increases, new joint project

2 months ago DieselGasoil Comments Off on Kashagan consortium eyes output increases, new joint project
London — Kazakhstan’s North Caspian Operating Company, which manages the giant Kashagan oil field, is planning further production increases after recent upgrade and maintenance work, and aims to present a new project for two nearby fields in the current quarter, it told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize Read More