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Oil Majors Evacuate US Gulf Platform Staff Before Storm

2019-07-10 15:05:42| OGI

Major U.S. oil producers on July 9 began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm this week.

Tags: staff oil platform storm

Category: Industrial Goods and Services

Aramco Awards $18 Billion In Contracts To Boost Capacity At Marjan, Berri Oil Fields

2019-07-10 14:51:18| OGI

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oil fields, the company said on July 9.

Tags: fields awards oil capacity

Category: Industrial Goods and Services

Rice Brothers Take Control Of EQT Board In Proxy Fight

2019-07-10 14:30:57| OGI

Toby Rice is expected to be named president and CEO of EQT later on July 10, succeeding Robert McNally.

Tags: board control fight brothers

Category: Industrial Goods and Services

White House Discussing Renewing License For Chevron To Operate In Venezuela

2019-07-10 01:55:30| OGI

The Trump administration is discussing whether to renew a license allowing Chevron Corp. to continue operating in Venezuela despite U.S. sanctions on the country's oil sector, White House economic adviser Larry Kudlow said on July 9.

Tags: house white license venezuela

Category: Industrial Goods and Services

US Urges Turkey To Halt Drilling Operations Off Cyprus Coast

2019-07-10 01:51:05| OGI

The U.S. State Department on July 9 urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.

Tags: operations coast turkey cyprus

Category: Industrial Goods and Services

Whats Affecting Gas Prices? (Week of July 9, 2019)

2019-07-09 23:09:06| OGI

Stratas Advisors expects a storage increase of 73 Bcf for the week ending July 5.

Tags: july week prices gas

Category: Industrial Goods and Services

Parex Adds Two Blocks Expanding Colombian Exploration Acreage

2019-07-09 22:25:10| OGI

Parex Resources Inc., a company headquartered in Calgary, Alberta, participated in the June 2019 Agencia Nacional de Hidrocarburos (ANH) Permanent Process for the Assignment of Areas bid round and has been awarded two blocks on July 8.

Tags: blocks adds expanding exploration

Category: Industrial Goods and Services

DUG East: Appalachia Is A Model Region For Petrochemical Profitability

2019-07-09 21:00:00| OGI

Appalachia has accounted for 85% of production growth across the U.S., but it still gets overlooked for the Gulf Coast as the set up shop for petrochemicals.

Tags: region model east profitability

Category: Industrial Goods and Services

US Crude Oil Production Seen Hitting New Record High In 2019

2019-07-09 19:10:25| OGI

Crude oil production in the U.S. will rise to an all-time high of 12.36 million bbl/d in 2019 from a record high of 10.96 million bbl/d last year, the EIA says.

Tags: high record production oil

Category: Industrial Goods and Services

Proserv Divests FTS Business To Acteon As Part Of Realignment Strategy

2019-07-09 18:20:40| OGI

The divestment of the field technology services business unit to Acteon continues Proservs strategy of realigning its focus to its core controls technology.

Tags: business part strategy realignment

Category: Industrial Goods and Services

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