Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity Power of Siberia pipeline in the third quarter of 2019…
Drilling is down but Production levels are up
Working oil rigs fell by 20 this week to 805, according to data released Friday by oilfield-services provider Baker Hughes. Companies have boosted activity just…
Novatek Sells 20% In Arctic LNG to Chinese partners
Novatek, Russia‘s top independent gas producer, signed a binding deal on the conditions to sell a 20 per cent stake in its second Arctic gas…
Saudi Aramco sells first LNG as oil giant expands into gas
State-run Aramco seeks to become a “major player” in the gas industry and is looking for potential joint ventures and partnerships, Nasser said in Riyadh….
Trump Releases Plan to get California more oil and more Jobs
Trump Releases Plan to Reopen California Public Lands to Drilling, Fracking. Proposal Targets More Than 1 Million Acres for Oil Leases. The BLM manages more…
OXY Sees so much synergies in Anadarko Petroleum – Wants some of that synergie
OXY has joined the race to acquire Anadarko Petroleum APC. Occidental’s offer is far more lucrative than the proposal made by Chevron Corporation CVX earlier…
Crude Oil Contamination , How Prolific is the problem?
Contamination of Russian oil – Today Oil Refiners in Poland and Germany belonging to PKN Orlen, BP, Total and Shell are considering suspending purchases of…
California will go against Big oil , Oilfield workers be damned
Bill to Cut Oil and Gas Production In California Passes First Committee. The bill analysis by the Assembly Natural Resources committee states: “The proximity to…
Oil prices surge to six-month high as US gets tough on Iran embargo
Oil prices surged to their highest level in six months on global commodity markets after the US said it would take a harder line against…
Oil Companies Will Pay You To Take Natural Gas From West Texas?
Gas is a byproduct of oil production. In West Texas, there are a lot of oil wells that produce natural gas, but there aren’t enough…
Chevron moves to Acquire Anadarko Petroleum for $33 Billion
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the…
Weir Oil & Gas, Midland Customer Service opens up in Midland
David Mims Business Park at Interstate 20 near Loop 250, city officials, economic development officials and company executives celebrated the results. Weir Oil & Gas…
Colorado lawmakers pass law overhauling oil and gas drilling regulations
Colorado lawmakers approved a bill on regulations governing the state’s oil and gas industry, over opposition by Republicans and industry groups. – link The bill,…
Saudi Oil Company Makes More Than Apple and Exxon Combined
For the first time ever, Saudi Arabia on Monday unveiled the finances of Aramco, its national oil company, revealing that it brought in $111 billion…