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LAGCOE 2017: Lloyd’s Register addresses Shell’s new requirement for offshore containers

LAFAYETTE, La. -- One of the biggest topics at a recent industry event held by Lloyds Register was Shells new requirement for offshore containers. The audience at the event in Lafayette had plenty of questions regarding Shells decision to f......【More】

2017-10-25

Kosmos Energy picks up assets in Equatorial Guinea as Hess exits

MALABO -- Kosmos Energy will acquire assets from Hess. Additionally, existing investors Tullow Oil and GEPetrol will enter partnership with the new operator. The assets of Hess Corporation in Equatorial Guinea will be acquired by Kosmos Ene......【More】

2017-10-24

BSEE lends expertise in Louisiana oil platform fire investigation

NEW ORLEANS -- An engineer, an inspector and an investigator in New Orleans with the Bureau of Safety and Environmental Enforcement are lending their expertise to the Jefferson Parrish authorities to assist with the investigation of the rec......【More】

2017-10-23

Lebanon completes first licensing round

BEIRUT -- Lebanon reached an important milestone on Oct. 12, which was the deadline set for pre-qualified companies to submit their bids on the open blocks within the countrys first offshore licensing round. Three companies forming one cons......【More】

2017-10-20

ExxonMobil acquires crude oil terminal to serve growing Permian production

HOUSTON -- ExxonMobil Corporation announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware basin, part of Permian basin, one of the most prolifi......【More】

2017-10-19

VOICE responds to press conference on 2018 budget resolution, ANWR

POINT HOPE, Alaska -- Voice of the Arctic Iupiat (VOICE) is deeply disappointed by todays joint press conference, held by a half dozen democratic senators and several NGOs, pleading for permanent protection of the 1002 area of ANWR from oil......【More】

2017-10-18

Mexico says world's largest oil hedge has been completed

MEXICO CITY (Bloomberg) --Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an interview. In addition to the put options bought......【More】

2017-10-17

OPEC sees 'healthy' oil demand growth to 2022

KUWAIT (Bloomberg) --Oil demand will grow at a healthy pace over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said. Crude demand will climb......【More】

2017-10-16

Optum Energy Solutions enters pipeline drag reducer market

HOUSTON -- Optum Energy Solutions has entered the pipeline drag reducer market as a major manufacturer and full service supplier. Flow Optimizer is Optums new, water-based DRA technology, designed for broad-spectrum applications in crude oi......【More】

2017-10-13

Gazprom Neft partnership developing Russia's first integrated IT platform for seismic data

MOSCOW -- Specialists from the Gazprom Neft Science and Technology Centre, inpartnership with Yandex Terra (LLCSeysmotek), Pangea PJSC and the Moscow Institute ofPhysics and Technology (MIPT) are developing Russias first integrated platform......【More】

2017-10-12