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March 26-28,2025

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Industry News
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27 2017-10

Iraq resumes Kirkuk crude exports via Kurd-run pipeline

ERBIL, DUBAI and LONDON (Bloomberg) --Iraq resumed pumping oilfrom a field in the disputed Kirkuk province, the first sign that output is recovering from last weeks fighting between governme.........

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26 2017-10

Kimray launches electronic low-pressure control valve

OKLAHOMA CITY -- Kimray Inc. has announced the release of the E-LO Control Valve. The E-LO, short for Electronic Low-Pressure Control Valve, is designed to control flow in applications with .........

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25 2017-10

LAGCOE 2017: Lloyd’s Register addresses Shell’s new requirement for offshore containers

LAFAYETTE, La. -- One of the biggest topics at a recent industry event held by Lloyds Register was Shells new requirement for offshore containers. The audience at the event in Lafayette had .........

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24 2017-10

Kosmos Energy picks up assets in Equatorial Guinea as Hess exits

MALABO -- Kosmos Energy will acquire assets from Hess. Additionally, existing investors Tullow Oil and GEPetrol will enter partnership with the new operator. The assets of Hess Corporation i.........

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23 2017-10

BSEE lends expertise in Louisiana oil platform fire investigation

NEW ORLEANS -- An engineer, an inspector and an investigator in New Orleans with the Bureau of Safety and Environmental Enforcement are lending their expertise to the Jefferson Parrish autho.........

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20 2017-10

Lebanon completes first licensing round

BEIRUT -- Lebanon reached an important milestone on Oct. 12, which was the deadline set for pre-qualified companies to submit their bids on the open blocks within the countrys first offshore.........

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19 2017-10

ExxonMobil acquires crude oil terminal to serve growing Permian production

HOUSTON -- ExxonMobil Corporation announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware bas.........

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18 2017-10

VOICE responds to press conference on 2018 budget resolution, ANWR

POINT HOPE, Alaska -- Voice of the Arctic Iupiat (VOICE) is deeply disappointed by todays joint press conference, held by a half dozen democratic senators and several NGOs, pleading for perm.........

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17 2017-10

Mexico says world's largest oil hedge has been completed

MEXICO CITY (Bloomberg) --Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46/bbl of crude, Deputy Finance Minister Vanessa Rubio said in an.........

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16 2017-10

OPEC sees 'healthy' oil demand growth to 2022

KUWAIT (Bloomberg) --Oil demand will grow at a healthy pace over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum.........

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13 2017-10

Optum Energy Solutions enters pipeline drag reducer market

HOUSTON -- Optum Energy Solutions has entered the pipeline drag reducer market as a major manufacturer and full service supplier. Flow Optimizer is Optums new, water-based DRA technology, de.........

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12 2017-10

Gazprom Neft partnership developing Russia's first integrated IT platform for seismic data

MOSCOW -- Specialists from the Gazprom Neft Science and Technology Centre, inpartnership with Yandex Terra (LLCSeysmotek), Pangea PJSC and the Moscow Institute ofPhysics and Technology (MIPT.........

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11 2017-10

GEODynamics consolidates reactive perforating technology IP

FORT WORTH, Texas -- GEODynamics, Inc. announced today it finalized payments of all future royalties to QinetiQ Group, PLC toward the portfolio of U.S. and international patents related to r.........

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10 2017-10

Oilfield service companies form Well Performance Network

HOUSTON -- A new micro-alliance between multiple technology-driven service companies, collectively called the Well Performance Network (WPN), launched today, to revolutionize well constructi.........

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09 2017-10

Oil posts biggest weekly drop since May, storm concerns ease

NEW YORK (Bloomberg) --Oil took a downward turn as concerns eased about Tropical Storm Nates threat to offshore crude platforms and coastal refineries while prices broke through a key techni.........

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