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China receives first oil from Myanmar pipeline

BEIJING, May 19 (Xinhua) -- The first crude oil from Myanmar has reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corporation (CNPC) announced on Friday. The oil reached Ruili, a city of Yunnan Province borde......【More】

2017-05-24

GEST issues statement on appointment of Scott Angelle to director of BSEE

THIBODAUX, Louisiana -- Lori LeBlanc, executive director of the Gulf Economic Survival Team, issued the following statement today on the appointment of Louisiana Public Service Commissioner and former Louisiana Department of Natural Resourc......【More】

2017-05-23

OPEC keeps focus on shale threat as officials meet in Vienna

KUWAIT and LONDON (Bloomberg) --OPEC officials gathering in Vienna on Friday to prepare for next weeks ministerial meeting kept their focus on rising U.S. shale oil production, which has been diluting the price impact of their production cu......【More】

2017-05-22

Petrobras starts production on platform P-66 in Santos Basin's pre-salt Lula Field

RIO DE JANEIRO -- Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basins pre-salt Lula Sul field. Platform P-66, the first FPSO owned by the consortium and the seventh facility......【More】

2017-05-20

Anadarko’s Walker: Oil won’t move past $60/bbl before 2020, industry needs NAFTA

HOUSTON -- Crude oil prices have varied widely in the past year, and Anadarko CEO Al Walker doesnt think prices will extend beyond the $50-$60/bbl range before the end of the decade. Walker shared his opinions on the current state of the oi......【More】

2017-05-19

Petrobras posts net income of $1.4 billion in first quarter 2017

RIO DE JANEIRO -- Petrobras net income was R$4.4 billion in first quarter 2017, reversing the loss recorded in the same period of last year. This result reflects the companys outstanding operating performance, despite lower demand for oil p......【More】

2017-05-17

U.S. firm to construct oil, gas filter plant for Iran: report

TEHRAN, May 11 (Xinhua) -- The U.S. Pall Corporation has reached an agreement with the Iranian Panid Engineering Co. to build a plant for manufacturing filters for Irans oil industry, Tehrans Financial Tribune daily reported on Thursday. Ta......【More】

2017-05-16

Extension of oil output reduction pact likely for 6 months or more: Russian energy minster

MOSCOW, May 13 (Xinhua) -- An agreement on oil output cuts reached by major oil-producing countries is likely to be extended for another six months or even longer, Russian Energy Minister Alexander Novak said Saturday. Members of the Organi......【More】

2017-05-15

Former OPEC member's Byzantine rules seen shooing away explorers

JAKARTA (Bloomberg) --Red tape, rising costs and declining crude prices are throttling exploration in Indonesia, the former OPEC member that now produces less oil than it uses. Only 20% of the 287 onshore rigs operated bycontractors for loc......【More】

2017-05-12

TDI-Brooks International to perform site survey in the Caribbean

COLLEGE STATION -- TDI-Brooks International, Inc. has been selected to perform three site surveys and an Environmental Baseline project in the Caribbean. Two well sites are at a depth of approximately 140 m and a third well site lies in 650......【More】

2017-05-11