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BHP has reported its second-half 2018 operations review

10 hours ago DieselGasoil Comments Off on BHP has reported its second-half 2018 operations review
1/21/2019 HOSUTON — Below are the highlights of BHP’s second-half 2018 upstream operations review: Full year unit costs for all major assets are expected to be in line with guidance(2), predominantly reflecting stronger anticipated volumes in the second half of the year. However, unit costs were tracking above full year guidance at the December 2018 Read More

Fugro has enhanced IRM capability with new ROV support vessel

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1/21/2019 SCOTLAND — Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilization for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun is extremely versatile Read More

Locus Bio-Energy hires veteran oil industry executive as CEO

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1/21/2019 Photo: Locus Bio-Energy Solutions CEO Jon Rogers. SOLON, Ohio — Jon Rogers, a highly respected global oilfield executive who served in senior roles at BP and Clariant, has been named CEO of Locus Bio-Energy Solutions, a disruptive technology company whose unique bio-chemical based production and drilling fluid chemistries are increasing oil production and safety, Read More

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

1 day ago DieselGasoil Comments Off on API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data
1/20/2019 Photo: BP Gulf of Mexico. WASHINGTON — Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well Completion Report, Fourth Quarter. “The data for the fourth quarter report confirm the rise in natural gas and oil well completions Read More

Oil hasn't started a year this hot since the turn of the century

3 days ago DieselGasoil Comments Off on Oil hasn't started a year this hot since the turn of the century
By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

After billion-barrel bonanza, BP goes global with seismic tech

4 days ago DieselGasoil Comments Off on After billion-barrel bonanza, BP goes global with seismic tech
LONDON (Reuters) – Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. BP’s Wolfspar seismic source device is pictured at Mad Dog oil field in the deepwater Gulf of Mexico, January 19, Read More

Shell appoints new upstream director

5 days ago DieselGasoil Comments Off on Shell appoints new upstream director
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

OandG industry shows commitment to workplace safety in new report

5 days ago DieselGasoil Comments Off on OandG industry shows commitment to workplace safety in new report
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

Aker BP operates Ivar Aasen from Trondheim, onshore

6 days ago DieselGasoil Comments Off on Aker BP operates Ivar Aasen from Trondheim, onshore
1/16/2019 Photo: Aker BP replicates offshore control room on Ivar Aasen from Trondheim, onshore. LYSAKER, Norge — Aker BP has become the first company on the Norwegian Continental Shelf to operate a staffed platform from an onshore control room. Ivar Aasen in the North Sea is now operated from Aker BP’s offices at Trondheim torg. Read More

CNOOC's Huizhou project starts production in the South China Sea

6 days ago DieselGasoil Comments Off on CNOOC's Huizhou project starts production in the South China Sea
1/16/2019 HONG KONG — CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 km from Hong Kong, with a water depth of approximately 115 Read More