Canada Dreams of Oil Exports to Asia, but California Beckons
The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining production from Latin America and rising prices for higher-grade crudes from the Middle East…
Bibby Subsea Completes Decommissioning Work for Shell
Bibby Offshore’s Houston-based division, Bibby Subsea, has completed a significant contract with Shell Pipeline, a subsidiary of Shell Oil US. Through its strategic alliance with U.S. diving company, Aqueos Corporation, Bibby Subsea completed the subsea decommissioning project in the Gulf of Mexico…
Oil Rises on Falling U.S. Crude Stocks
U.S. crude inventories fall more than expected, API reports. Oil prices rose on Wednesday after a larger-than-expected fall in U.S. crude inventories but failed to recoup last week's losses due to concerns about rising output from the United States, Libya and Nigeria. The…
Exxon Declares Force Majeure on Qua Iboe
ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday. The declaration came after the company observed a "system anomaly" during a routine check of its loading facility on July 14.
Nigerian Militants Say They Blew up Exxon Mobil's Pipeline
Nigerian militant group Niger Delta Avengers, which has claimed responsibility for the majority of a recent spate of attacks on oil and gas facilities in the country, said late on Monday that it blew up an Exxon Mobil Corp facility. The militants, whose attacks briefly pushed Nigeria's crude production to 30-year lows in spring…
Ithaca Energy's FPF - 1 Nears Completion
Providing an update on the status of the on-going Greater Stella Area (“GSA”) development programme Ithaca Energy informed that the floating production facility (FPF-1) modifications programme undertaken by Petrofac in the Remontowa shipyard in Poland is in the final stages of completion…
Kenya Creates 17 New Oil Exploration Blocks
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry of Energy and Petroleum saying on Saturday. British explorer Tullow Oil and partner Africa Oil first struck oil in Lokichar in northwest Kenya in 2012.
Bibby Wins North Sea Decommissioning Contract
Subsea services provider to the oil and gas industry Bibby Offshore (BOUK) has secured a multimillion pound contract with a North Sea Operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The agreement, due to commence in Q2 of 2016 and be completed by the end of 2016…
2H Offshore Awarded Hess and Enbridge Verification Contracts
2H Offshore, an Acteon company, has been awarded two separate contracts, one by Hess Corp. (Hess) and a second contract by Enbridge Energy Co. (Enbridge), to verify the design, fabrication and installation phases of the Steel Catenary Risers (SCRs) for the Stampede field development in the Gulf of Mexico.
Enbridge: No Restart Time Yet for Biggest Oil Export Pipeline
Enbridge Inc said on Thursday it has no restart date yet for its 796,000-barrel-per-day Line 4, the largest oil-export pipeline to the United States, after it was shut a day earlier after a spill of 1,350 barrels at its Regina, Saskatchewan, oil terminal. Graham White, a spokesman for the company…
First Oil From Jack/St. Malo Project in the Gulf of Mexico
Chevron Corporation (NYSE: CVX) announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo is a key part of Chevron's strong queue of upstream projects and was delivered on time and on budget. The Jack and St.
Brent Below $83,Oversupply Outweighs Other Variables
Potential for Iran deal weighs on prices; U.S. crude stocks rise. Brent crude oil fell below $83 a barrel on Thursday as apparent momentum towards a deal between Iran and world powers over its nuclear programme and higher U.S. inventories overwhelmed supply shocks in the Middle East. U.S.
Yemen Restarts Main Oil Export Pipeline
Yemen resumed exports from its main oil pipeline on Saturday, one day after an attack by tribesmen temporarily halted flows, industry sources said. Yemen's oil and gas pipelines have been repeatedly sabotaged, often by tribesmen who have feuds with the central government,…
Tribesmen Blow Up Yemeni Oil Export Pipeline, Halting Flows
Tribesmen blew up Yemen's main oil export pipeline on Friday, halting crude flows, local officials said, less than a week after it was repaired. Yemen's oil and gas pipelines have been repeatedly sabotaged, often by tribesmen who have feuds with the central government, causing…
Armed Men Blow Up Yemen's Oil Pipeline
Armed men blew up Yemen's main oil export pipeline on Wednesday, a local official said, halting crude flows and disrupting an important source of revenue for the impoverished state. Yemen's oil and gas pipelines have repeatedly been sabotaged by insurgents or tribesmen since anti-government protests led to a power vacuum in 2011…
Tullow Oil in Red but Committed to Africa Strateg
Tullow Oil Plc drifted into the red after writing off more than $400 million in exploration costs but the Africa-focused explorer remained confident that its strategy will pay off. A disappointing run of oil wells exploration in Mauritania, Ethiopia and Norway over the past…
Iraq Starts Repairs to Northern Oil Export Pipeline
Iraqi engineers are at last fixing the main oil pipeline to Turkey after it was shut down for nearly three months in attacks by an al Qaeda-offshoot cell, an oil official said. "Security is better now . and we managed to reach some damaged sections of the pipeline on May 19," said an oil official in Mosul.
Brent Above $107 on Ukraine, U.S. Oil Gap Narrows
Brent crude inched higher above $107 a barrel on Wednesday, underpinned by tensions in Ukraine, though its premium over U.S. prices narrowed after an industry report showed a sharp draw in inventories in the world's largest oil consumer. Prices pared gains, however, after…
Tullow Exiting North Sea for African Focus
Sells majority stakes in two UK assets for $75.6 mln; stakes sold to Faroe Petroleum. Faroe to take over operatorship of Schooner, Ketch fields. Tullow Oil has sold majority stakes in two UK North Sea gas fields to Faroe Petroleum for $75.6 million, a deal that kick-starts…
At Donkey Springs, Bombers Choke off Iraq Oil Exports
Militants whose bombs have shut Iraq's main northern oil export pipeline for 40 days are preventing repairs, threatening to extend an outage that is already the longest since the days of sanctions in the 1990s. Targeting the Kirkuk-Ceyhan pipeline where it crosses a stretch of desert known as Ain al-Jahash…
