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OilFinity.com publishes the latest oil and gas news from around the world including contributions from leading oil and gas publishers. Keep abreast of the latest news across the upstream, midstream and downstream oil and gas sectors.

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Technology

Mozambique's Energy Minister Removed From Post Before Imminent Gas Deals

Mozambique's Energy Minister Removed From Post Before Imminent Gas Deals

Reported by: Hart Energy, Posted on: 29 Sep 2016

Pemex Plans To Cut Stake In First Deepwater Venture

Pemex Plans To Cut Stake In First Deepwater Venture

Reported by: Hart Energy, Posted on: 28 Sep 2016

Brazil Should Pass Law Easing Petrobras' Subsalt Rights In 2016

Brazil Should Pass Law Easing Petrobras' Subsalt Rights In 2016

Reported by: Hart Energy, Posted on: 28 Sep 2016
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Exploration

Oil Prices Slip On The Details Of OPEC's Deal

Oil Prices Slip On The Details Of OPEC's Deal

Reported by: Hart Energy, Posted on: 29 Sep 2016

Report: US Crude Inventories Fall For Fourth Straight Week

Report: US Crude Inventories Fall For Fourth Straight Week

Reported by: Hart Energy, Posted on: 29 Sep 2016

Pacific Exploration Will Sell Stake In Karoon Blocks Offshore Brazil

Pacific Exploration Will Sell Stake In Karoon Blocks Offshore Brazil

Reported by: Hart Energy, Posted on: 28 Sep 2016
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Production

Consortium Begins Test Pumping At Kashagan Oil Field

Consortium Begins Test Pumping At Kashagan Oil Field

Reported by: Hart Energy, Posted on: 29 Sep 2016

BP Signs Egypt Concessions Allowing For Nooros Field Development

BP Signs Egypt Concessions Allowing For Nooros Field Development

Reported by: Hart Energy, Posted on: 28 Sep 2016

Shell Will Increase Output From Norway's Ormen Lange Field With New Compressors

Shell Will Increase Output From Norway's Ormen Lange Field With New Compressors

Reported by: Hart Energy, Posted on: 27 Sep 2016
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Exploration and Production

Petrobras completes drill of Libra appraisal well

Petrobras has announced that the Libra Consortium has drilled and tested the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), known as NW1

Reported by: Oil & Gas Technology, Posted on: 21 Jul 2016

U.S. offshore rig count falls

Baker Hughes Incorporated on Friday posted Weekly Rig Count reports. The U.S. offshore rig count is down compared to the previous week.

Reported by: Offshore Energy Today, Posted on: 21 Jul 2016

Enormous Oil, Gas Reserves Found in Russia’s Arctic Region

The Arctic Region boasts oil and gas reserves similar to those of Western Siberia.

Reported by: Sputnik, Posted on: 13 Oct 2015
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Pipelines and Transportation

Portland welcomes first boxship in three months

The Port of Portland rolled out the red carpet yesterday for a very special arrival – a containership, something not seen on these shores since early April.

Reported by: Splash 24/7, Posted on: 21 Jul 2016

Port Metro Vancouver to extend emissions-reducing “shore power” at its container terminals

Port Metro Vancouver is making a green-friendly, energy saving move by agreeing to expand the use of “shore power” for berthed vessels at its container terminals, the port has announced.

Reported by: Splash 24/7, Posted on: 21 Jul 2016

Genesis buys Enterprise’s offshore pipelines in the Gulf of Mexico for $1.5bn

In a deal between two Houston-based firms announced on Thursday midstream energy specialist Genesis Energy is buying Enterprise Products Partners’ offshore pipelines in the Gulf of Mexico for $1.5bn.

Reported by: Splash 24/7, Posted on: 21 Jul 2016
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Business and Finance

PV Drilling clinches jack-up rig deal

PV Drilling has signed a contract to supply the jack-up rig PV Drilling II to PVEP Song Hong Company Limited (PVEP Song Hong) in Ha Noi, Vietnam.

Reported by: Offshore Energy Today, Posted on: 21 Jul 2016

The importance of a good recruitment agency

The importance of a good recruitment agency

Reported by: Advanced Resource Managers, Posted on: 28 Jan 2016

Falling oil prices: How are countries being affected?

Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday.

Reported by: BBC News, Posted on: 19 Jan 2016
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Opinion

North Sea budget deal ‘step in the right direction’, say Fircroft

An overhaul of the North Sea tax regime outlined in the budget last week is a ‘step in the right direction’ in protecting jobs, according to Fircroft.

Reported by: Recruitment International, Posted on: 21 Mar 2016

Diesel Pumps Could Run Dry, Says RAC Foundation

Britain's diesel pumps could "run dry" because of a growing dependence on foreign fuel, according to the RAC Foundation.

Reported by: BBC News, Posted on: 02 Oct 2015

When Will We Run Out of Oil, and What Will Happen When We Do?

When Will We Run Out of Oil, and What Will Happen When We Do?

Reported by: How Stuff Works Science, Posted on: 02 Oct 2015
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Upstream

HKN Energy receives approval of Sarsang Development Plan and declares commerciality on East Swara Tika

HKN Energy receives approval of Sarsang Development Plan and declares commerciality on East Swara Tika HKN Energy (HKN) has announced that the Kurdistan Regional Government of Iraq (KRG) has formally approved its Sarsang Development Plan, which projects increasing production to 50,000 barrels of oil per day. - 16th November 2015

Reported by: Oil and Gas Technology, Posted on: 16 Nov 2015

Zenith Energy awarded second UK land well contract

Zenith Energy awarded second UK land well contract An Aberdeen-based well engineering and project management firm has been awarded a seven-figure contract to provide complete well management services for a UK land well. - 16th November 2015

Reported by: Oil and Gas Technology, Posted on: 16 Nov 2015

QGC development a vote of confidence in industry

QGC development a vote of confidence in industry QGC Pty Limited, along with joint venture partners China National Offshore Oil Corporation and Tokyo Gas, today announces a two-year, USD1.7 billion development of its natural gas tenements west of Wandoan to support gas production. - 16th November 2015

Reported by: Oil and Gas Technology, Posted on: 16 Nov 2015
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Downstream

SPX Flow Lightnin series 10 mixers offer proven reliability, versatility and long service life

SPX Flow Lightnin series 10 mixers offer proven reliability, versatility and long service life Through its Lightnin brand, SPX FLOW is a leading supplier of solutions that deliver superior mixing performance. - 16th November 2015

Reported by: Oil and Gas Technology, Posted on: 16 Nov 2015
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Unconventional

If a Solar Plant Uses Natural Gas, Is It Still Green?

If a Solar Plant Uses Natural Gas, Is It Still Green?

Reported by: The Conversation, Posted on: 05 Nov 2015

Russia to Help Bolivia Develop Nuclear Energy Center

A nuclear technology research and development center is to be constructed in the Bolivian city of El Alto with Russian assistance, the country's president Evo Morales has announced.

Reported by: IHS Engineering, Posted on: 02 Nov 2015

China To Own A Third Of Hinkley Point Nuclear Power Station

Deal between EDF and Chinese investors set to be announced on Wednesday

Reported by: The Telegraph, Posted on: 22 Oct 2015
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Deepwater and Offshore

Lukoil Discovers Large Gas Field Offshore Romania

Lukoil, PanAtlantic, and Romgaz have discovered a gas field at the Trident block (EX-30) in the Black Sea, offshore Romania.

Reported by: Offshore Energy Today, Posted on: 14 Oct 2015

Hurricane Joaquin Takes Its First Ship Scalp

Hurricane Joaquin, barrelling its way towards the US East Coast, claimed its first significant ship scalp overnight.

Reported by: Splash 24/7, Posted on: 02 Oct 2015

EMAS AMC completes two subsea tieback projects in Gulf of Mexico

Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas industry, announced on Monday that its Subsea Services division, EMAS AMC has completed the first two of three Noble Energy-operated subsea tieback projects in the US Gulf of Mexico.

Reported by: Offshore Energy Today, Posted on: 28 Sep 2015
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People in Oil

Santos Job Cuts: Oil And Gas Giant To Axe 200 Positions In South Australia After Shedding 565 Since Last YearOil and gas mining company Santos has announced 200 jobs will be cut in South Australia.

Oil and gas mining company Santos has announced 200 jobs will be cut in South Australia.

Reported by: ABC.net, Posted on: 12 Oct 2015

Oil And Gas Young Professionals Aim To Tackle Jobs Crisis

Young oil and gas professionals are experiencing despondency and low morale according to one young engineer who is helping organise an event to improve the options for young engineers.

Reported by: Energy Voice, Posted on: 08 Oct 2015

'Bright Future' For NatGas, But New Pipelines, Engineers Needed

Natural gas is expected to play a larger role in the nation's energy future, but the industry must overcome opposition to building pipelines in areas that need them the most, and it needs to address its aging workforce by getting more children and young people interested in pursuing careers in the field.

Reported by: NGI, Posted on: 07 Oct 2015
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Refining and Processing

Wood Group to support FHR Eagle Ford modification project

Flint Hills Resources will receive support for its Eagle Ford modification project from Wood Group, who will provide detailed engineering, procurement and other services

Reported by: Oilonline, Posted on: 11 Sep 2015

Wood Mackenzie says gasoline surplus after 2017 likely to reverse refinery fortunes

A surplus of gasoline supply globally as early as 2017 is likely to put "significant pressure on refiners by the end of the decade," and bring an end to the current healthy margins, according to energy consultancy Wood Mackenzie's latest long-term oil product market forecast.

Reported by: Platts, Posted on: 24 Aug 2015

Tianjin explosion could be a turning point in China’s corruption crackdown

Tianjin explosion could be a turning point in China’s corruption crackdown

Reported by: The Conversation, Posted on: 17 Aug 2015
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