newszine

Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO

5 hours ago DieselGasoil Comments Off on Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO
By Kevin Crowley on 9/17/2019 HOUSTON (Bloomberg) – Chevron could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, CEO Mike Wirth said in an interview with CNBC. The zone can produce as much as 500,000 bpd but has been shuttered for at Read More

Oil prices may slump heavily in 2020

3 days ago DieselGasoil Comments Off on Oil prices may slump heavily in 2020
OPEC and its partners will not deepen their oil production cut yet but will discuss the topic again in December. This is what Saudi Arabia’s newly appointed Energy Minister Abdulaziz bin Salman told media after this week’s meeting of the Joint Ministerial Monitoring Committee. A discussion, however, may not be enough. OPEC may be forced to Read More

VAALCO kicks off its offshore Gabon drilling campaign

4 days ago DieselGasoil Comments Off on VAALCO kicks off its offshore Gabon drilling campaign
9/13/2019 HOUSTON – VAALCO has commenced its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon. Drilling of the Etame 9P appraisal wellbore is expected to take approximately four weeks, after which the Company will commence drilling the Etame 9H development well targeting the Gamba reservoir. The objective Read More

Vietnam fights China’s moves to hinder offshore exploration

4 days ago DieselGasoil Comments Off on Vietnam fights China’s moves to hinder offshore exploration
By Nguyen Dieu Tu Uyen, Peter Martin and Philip J. Heijmans on 9/13/2019 HANOI (Bloomberg) – Vietnam is pushing back harder against China’s efforts to isolate it diplomatically on a territorial dispute in an energy-rich part of the South China Sea. The foreign ministry in Hanoi on Thursday called on China to immediately order a Read More

Russia braces for possible US sanctions against its oil major Rosneft

5 days ago DieselGasoil Comments Off on Russia braces for possible US sanctions against its oil major Rosneft
The Russian government has expressed concern over Washington’s recent threats to slap sanctions on Russian state oil giant Rosneft regarding its business dealings in Venezuela. “We are concerned about the recent statements made by Abrams regarding ‘all options on the table,’ which he repeats from time to time, and Read More

ION announces new 2D multi-client program offshore West Africa

5 days ago DieselGasoil Comments Off on ION announces new 2D multi-client program offshore West Africa
9/12/2019 HOUSTON – ION Geophysical announced a new 2D multi-client program offshore West Africa. The industry-supported NamibeSPAN program covers the underexplored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the Read More

Venezuelan oil major PDVSA registers office in Moscow

6 days ago DieselGasoil Comments Off on Venezuelan oil major PDVSA registers office in Moscow
Venezuelan state-owned oil company Petróleos de Venezuela, or PDVSA, has registered its office in Moscow. The move comes after Russian state oil major Rosneft last month became the main trader of Venezuelan crude. “We’ve registered PDVSA in the Russian jurisdiction,” Venezuela’s minister for oil Manuel Quevedo told reporters on Wednesday. In July, Quevedo stated that Read More

Shearwater returns to Turkey for new acquisition and processing contract

6 days ago DieselGasoil Comments Off on Shearwater returns to Turkey for new acquisition and processing contract
9/11/2019 BERGEN, NORWAY – Shearwater GeoServices has been awarded a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortaklığı (TPAO). It is the second project to be executed for TPAO in 2019. The survey covers an area of 6,200 km2 and includes fast-track processing, followed by full time and depth processing. The 4-month Read More

PDVSA seeks 2.96 million barrels of refined products for September: company report

7 days ago DieselGasoil Comments Off on PDVSA seeks 2.96 million barrels of refined products for September: company report
Caracas, Venezuela — Venezuelan state-owned PDVSA is seeking 2.96 million barrels of refined products and naphtha for September delivery, in order to compensate for low refinery runs and to maintain oil production, according to a company report seen by S&P Global Platts Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Weatherford signs $87 million fishing, intervention contract with Petrobras

7 days ago DieselGasoil Comments Off on Weatherford signs $87 million fishing, intervention contract with Petrobras
9/10/2019 BAAR, SWITZERLAND – Weatherford announced the signing of an $87 million contract for fishing and intervention services with Petrobras. The four-year agreement represents the largest fishing contract ever signed by Weatherford. It also constitutes the largest single global award for this scope in the recent past. “Weatherford is the global leader for fishing and Read More