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Oil and Gas leaders look for cost reduction and efficiency gains

2 days ago DieselGasoil Comments Off on Oil and Gas leaders look for cost reduction and efficiency gains
5/24/2019 Photo: (right) Ryan Lance, chairman and CEO, ConocoPhillips during the AIPN Summit. HOUSTON — Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, chairman and CEO of ConocoPhillips spoke about his company’s “hyper focus on returns” highlighting that the “returns the energy industry has generated have been negative over Read More

Oceaneering’s advanced vessel christened before industry crowd

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By World Oil staff on 5/24/2019 Photo: Oceaneering’s Ocean Evolution MSV in Galveston, Texas. GALVESTON, Texas — This morning, May 24, Oceaneering International conducted the official christening of its newest vessel, MSV Ocean Evolution in Galveston, Texas. In addition to the hour-long christening, tours of the vessel have been conducted this afternoon, accompanied by food Read More

Supermajors lead the way in high impact exploration

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5/24/2019 ABERDEEN — The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group. It’s 10th annual ‘State of Exploration’ report reviewed global Read More

Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico

2 days ago DieselGasoil Comments Off on Shell Midstream Partners, L.P. Announces Proteus and Endymion Transports First Oil from Shell-operated Appomattox in the Gulf of Mexico
Houston, May 24, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that the systems owned by Proteus Oil Pipeline Company LLC (“Proteus”) and Endymion Oil Pipeline Company LLC (“Endymion”) increased volumes of crude oil from the startup of the Shell-operated Appomattox floating production system via the newly commissioned Mattox Pipeline (“Mattox”), Read More

Talos CEO says ‘interested’ in Anadarko’s Gulf of Mexico assets, if Oxy sells

3 days ago DieselGasoil Comments Off on Talos CEO says ‘interested’ in Anadarko’s Gulf of Mexico assets, if Oxy sells
Houston — Small Gulf of Mexico operator Talos Energy may be interested in buying some of Anadarko Petroleum’s deepwater Gulf of Mexico assets that Occidental Petroleum will acquire in its pending $57 billion purchase of that company, Talos’ CEO said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

U.S. Senate passes $19.1 billion in disaster relief, no border aid

3 days ago DieselGasoil Comments Off on U.S. Senate passes $19.1 billion in disaster relief, no border aid
WASHINGTON (Reuters) – The U.S. Senate on Thursday approved $19.1 billion in aid to help Americans rebound from a string of natural disasters, but without the extra funds to address a migrant surge at the border that President Donald Trump had requested. FILE PHOTO: Roads are closed following heavy floods near Monroe, Nebraska, U.S., March Read More

US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms

3 days ago DieselGasoil Comments Off on US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with Read More

Oil potential remains abundant beyond shale

3 days ago DieselGasoil Comments Off on Oil potential remains abundant beyond shale
5/23/2019 HOUSTON — How does the oil and gas industry plan its future in the ever-changing operating environment? The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston this week, focused on a number of themes which will help companies determine a strategy for the years ahead. The event is timely as Read More

With US offshore plan likely scrapped, industry pursues changes to federal lease terms

3 days ago DieselGasoil Comments Off on With US offshore plan likely scrapped, industry pursues changes to federal lease terms
Highlights Lobbyists want royalty rates reduced, time limits extended Priority to expand into eastern Gulf meets Florida opposition Gulf output, forecast to average 2 million b/d, may soon peak Washington — A Trump administration plan to expand offshore oil and natural gas leasing to nearly all federal waters will likely be scrapped and redrawn, with Read More