Production ///

Railroad CEO sees boom-time oil loads as pipeline pinch roils Canada

Boom times are back for at least one company in Canada’s oil heartland.

Crude set for weekly loss as supplies allay Saudi tensions

Oil headed for a weekly loss as plentiful supplies helped offset worries that tensions between Saudi Arabia and the U.S. over the disappearance of a journalist could lead to the use of crude as a political weapon.

Equinor sells its share of Tommeliten field

Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten field on the Norwegian Continental Shelf for $220 million.

Earthstone buys Midland basin assets for $950 MM

Earthstone Energy has entered into an agreement with Sabalo Holdings to buy producing and non-producing oil and gas assets in the northern Midland basin.

JupiterMLP to build 1 MMbpd Permian-to-Gulf Coast oil pipeline

JupiterMLP has secured funding from Charon System Advisors to build a 1 MMbpd oil pipeline from the Permian basin to the Port of Brownsville, Texas.

Ex-Schlumberger chairman to acquire large pipe servicer

Sentinel Energy Services plans to acquire Strike LLC and take the dominant U.S. pipeline services company public.

Asia oil buyers see chance for U.S. waivers on Iran sanctions

Asian buyers of Iranian oil are gaining confidence they will win U.S. consent for some imports to continue even after American sanctions snap back next month.

White House backed drillers over EPA on plugging methane leaks

White House officials pushed the EPA to maximize savings for the oil industry despite the agency’s concern that weakening regulations would allow more methane to escape into the atmosphere.

BP delivers Thunder Horse expansion under-budget and ahead of schedule

BP announced that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15% under budget.

U.S. shale oil production surges

U.S. government data showed shale oil production is forecast to reach a fresh record in November.

Wärtsilä Hybrid Centre will boost sustainable shipping

The technology group Wärtsilä has inaugurated its new Hybrid Centre, the first of its kind in the world.

Argentina plans to close LNG importing facility

Argentina plans to close a facility for importing LNG, after booming production in Vaca Muerta turned the country into a seasonal exporter.

Iraq wants to know how buyers use its oil

Iraq would like to know how and where its oil will be used, as demand rises for Middle Eastern cargoes to replace shipments from Iran.

UTEC extends surveying capabilities with new autonomous underwater vehicle launch and recovery system

UTEC, a global surveying company in subsea services group Acteon, successfully commissioned its new launch and recovery system (LARS) for the fleet of seven autonomous underwater vehicles (AUV) it uses for seabed surveys in the oil and renewables industries.

TechnipFMC selected for Commonwealth LNG project

Commonwealth LNG signed a contract with TechnipFMC, for engineering services and development of the proposed LNG export terminal in Cameron Parish, Louisiana.

Gibson Energy jumps as Canadian crude woes seen boosting tank provider

Gibson Energy surged the most in more than a year after announcing a plan to build 1 MMbbl of new oil-tank space in Western Canada.

Oil drops as swelling U.S. crude inventories signal ample supply

Oil declined on concerns that U.S. crude stockpiles are expanding at a rate not seen since early 2017 as American drillers lift output to unprecedented levels.

Saudi Arabia breaks 45-year taboo with veiled oil weapon threat

For 45 years, it’s been considered out of bounds for Saudi Arabia. But suddenly, Riyadh made what many read as a veiled threat to use the kingdom’s oil wealth as a political weapon.

Ichthys first LNG cargo is said possible as soon as this week

The Inpex Corp.-operated Ichthys LNG export project in northern Australia may load its first cargo as soon as this week.

Occidental surprises investors again with Qatar lease loss

Occidental Petroleum dropped the most in over a year after deciding to hand over an oil field in Qatar to the government, an announcement that appeared to catch some investors off-guard.