Latest Oil & Gas News
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.
Mozambique's Energy Minister Removed From Post Before Imminent Gas Deals
Pemex Plans To Cut Stake In First Deepwater Venture
Brazil Should Pass Law Easing Petrobras' Subsalt Rights In 2016
Oil Prices Slip On The Details Of OPEC's Deal
Report: US Crude Inventories Fall For Fourth Straight Week
Pacific Exploration Will Sell Stake In Karoon Blocks Offshore Brazil
Consortium Begins Test Pumping At Kashagan Oil Field
BP Signs Egypt Concessions Allowing For Nooros Field Development
Shell Will Increase Output From Norway's Ormen Lange Field With New Compressors
Exploration and Production
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
Baker Hughes Incorporated on Friday posted Weekly Rig Count reports. The U.S. offshore rig count is down compared to the previous week.
The Arctic Region boasts oil and gas reserves similar to those of Western Siberia.
Pipelines and Transportation
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.
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.
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.
Business and Finance
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.
The importance of a good recruitment agency
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday.
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.
Britain's diesel pumps could "run dry" because of a growing dependence on foreign fuel, according to the RAC Foundation.
When Will We Run Out of Oil, and What Will Happen When We Do?
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
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
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
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
If a Solar Plant Uses Natural Gas, Is It Still Green?
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.
Deal between EDF and Chinese investors set to be announced on Wednesday
Deepwater and Offshore
Lukoil, PanAtlantic, and Romgaz have discovered a gas field at the Trident block (EX-30) in the Black Sea, offshore Romania.
Hurricane Joaquin, barrelling its way towards the US East Coast, claimed its first significant ship scalp overnight.
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.
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.
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.
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.
Refining and Processing
Flint Hills Resources will receive support for its Eagle Ford modification project from Wood Group, who will provide detailed engineering, procurement and other services
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.
Tianjin explosion could be a turning point in China’s corruption crackdown