Entries by admin

Success through more efficient use of technology – DEA at EAGE 2016 in Vienna

From 30 May to 02 June, DEA is presenting recent projects and technology highlights at Europe’s most important technology event of the oil and gas industry, the 78th EAGE Conference and Exhibition. “In exploration and production of oil and gas, sustained quest for technical solutions and the constant search for efficiency-enhancing concepts are daily business”, […]

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Over 20 Oil Companies Register for Auction Mexican Gulf Blocks

For the auction of 10 blocks in waters of the Gulf of Mexico 21 oil companies have registered to participate, among them Spanish Repsol, Norwegian Statoil and French Total, together with Mexican Pemex, it was known today. British BP, Anglo-Dutch Shell, Chevron and Exxon Mobil, both of the United States have also registered. These four […]

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Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects

Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total SA and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico. Pemex may also start discussions with Oslo-based Statoil ASA, according to company press officials who asked not to be named because of policy. Pemex […]

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What Will Drive LNG Growth for the Next Decade?

Question: What will be more localized, more widely dispersed and more transparent a decade from now? Answer: The liquefied natural gas (LNG) industry. A recent Deloitte report on the changing LNG landscape presents such a scenario, and one of the report’s authors credits the United States’ emergence as a gas exporter as a catalyst for the […]

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OPEC’s Stable Market Outlook Points to Status Quo at Meeting

OPEC kept forecasts for global oil supply and demand unchanged in its last monthly assessment before members meet to review the market. The 13 nations of the Organization of Petroleum Exporting Countries pumped 32.44 million barrels a day in April, slightly less than will be required to meet demand in the third quarter. Production rose […]

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Device Offers Self-Rescue Capability For Oil, Gas Workers

For workers laboring on top of tall structures, the ability to self-rescue could mean the difference between life and death. While transportation incidents represented the largest cause of U.S. workplace deaths, workers also face serious threats from falling. Fourteen percent, or 660, of the 4,821 U.S. worker fatalities in 2014 resulted from falls to a […]

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Oil Trades Near $45 as Canada Wildfires Temper Global Surplus

Crude traded near $45 a barrel as Canadian wildfires knocked out about 1 million barrels a day of production, outweighing the new Saudi Arabian oil minister’s pledge to maintain the country’s policy of near-record output. Futures were little changed after increasing as much as 2.9 percent in New York and 2.5 percent in London. The […]

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OTC 2016: Mexico Seeks to Enhance Energy Sector Accountability

Mexico has submitted a formal request to join the International Energy Agency and is preparing to join the Extractive Industries Transparency Initiative (EITI) in 2018 to enhance its energy sector’s transparency and accountability, a Mexican official told attendees at the Offshore Technology Conference Tuesday in Houston. Lourdes Melgar, Mexico’s deputy secretary of energy, said the […]

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Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years

Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years. A weaker dollar and optimism that a global oil glut will ease have lifted crude futures by more than $20 a barrel since they plumbed 12-year […]

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