Production ///

Turkey ship strait delays stalling dozens of oil tankers

Oil tankers exporting Kazakh and Russian crude from ports in the Black Sea are contending with spiraling delays when navigating Turkey’s key shipping straits, stalling the delivery of millions of bbl of supplies to refineries on the Mediterranean Sea.

BHP has reported its second-half 2018 operations review

BP reports highlights of its second-half 2018 upstream operations review.

Enbridge oil pipeline rationing eases little after curtailment

A month into Alberta’s mandatory oil curtailment and rationing on the country’s biggest heavy-crude export pipeline system has eased, but very little.

PermianChain Technologies has launched blockchain-based O&G trading, investment platform prototype

PermianChain Technologies has launched the prototype of its platform for trading potential oil and gas reserves that have yet to be developed. PermianChain’s blockchain-based approach will make it easier to put a value on reserves before they have been produced, enhancing efficiency and improving understanding of a project’s viability.

Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again

Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft at Petroleos Mexicanos after a pipeline explosion caused by an illegal tap left at least 89 people dead and many injured.

Locus Bio-Energy hires veteran oil industry executive as CEO

Jon Rogers, a highly respected global oilfield executive who served in senior roles at BP and Clariant, has been named CEO of Locus Bio-Energy Solutions, a disruptive technology company whose unique bio-chemical based production and drilling fluid chemistries are increasing oil production and safety, and attracting top industry talent.

Trading of LNG derivatives to benefit industry

With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.

Canadian oil surge fails to lift producers out of the doldrums

Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help.

Nigeria's state oil company seeks $4.1 billion to lift output

Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases.

U.S. could soon produce more crude than Saudis can at their peak

America’s journey to preeminence in the global oil trade is about to hit another milestone.

IEA sees oil demand growth defying economic slowdown

Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity.

Pragma's Downhole Steam Injection Valve takes next step towards North Sea reality

Aberdeen-based oil and gas production technology business, Pragma Well Technology, has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (DSIV) following a successful feasibility study.

Crude slips as record U.S. output undermines OPEC+ supply curbs

Oil retreated toward $51/bbl as record production in the U.S. undercut assurances from Russia that it will step up efforts to drain global supplies.

Why a Libyan oilfield grab could be a boon or bane for exports

Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities.

Russia aims to speed up oil output cuts as Saudis criticize pace

Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.

Canadian indigenous groups mull pipeline deal to ease oil glut

CALGARY (Bloomberg) -- The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch.

Husky ends hostile MEG bid after lack of investor support

Husky Energy abandoned its $2.07 billion hostile takeover bid for rival Canadian oil-sands producers MEG Energy after failing to win enough support from shareholders.

O&G industry shows commitment to workplace safety in new report

API has released its comprehensive Workplace Safety Report showing that occupational injuries and illness for the natural gas and oil industry occur at a substantially lower rate than the U.S. private sector and are continuing to decline.

Petrobras has published its 2018 oil, natural gas production

Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 MMboed, of which 2.53 MMboed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 MMbpd.

Aker BP operates Ivar Aasen from Trondheim, onshore

LYSAKER, Norge -- Aker BP has become the first company on the Norwegian Continental Shelf to operate a staffed platform from an onshore control room. Ivar Aasen in the North Sea is now operated from Aker BP’s offices at Trondheim torg.