Author hkrichiedistribution
OES Asset Integrity Management are very pleased to announce the appointment of Andy Eagar as Business Development Manager for Europe and Africa and will be located in our office in Aberdeen. Andy will report into George Byers, OES Regional Manager – Europe and Africa. He will be responsible for maintaining our relationships with current clients
Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache, Continental Resources, Concho Resources, Devon Energy and Noble Energy, according to analysts at Houston-based
American shale producers, one of the worst-performing segments on the stock market this year, jumped Monday morning after an attack on a Saudi Arabia oil production facility over the weekend sent crude prices soaring. Whiting Petroleum Corp. surged as much as 41%, the most on record, while Apache Corp. and Marathon Oil Corp. were among
Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said. All eyes are on how fast the kingdom can recover from the weekend’s devastating strike, which knocked out roughly 5% of
Saudi Aramco has told several major Asian buyers that it will supply customers with all contracted oil volumes in spite of the production cuts – but in different grades, according to people with knowledge of the matter. The attack on the kingdom’s most important oil production facility halved Saudi output and is crimping the availability
Petrofac’s Engineering & Production Services (EPS) division has been awarded a contract to provide managed maintenance services for ADNOC’s Al Dhafra Petroleum to support its operations at Haliba field, located onshore along the south-east border of Abu Dhabi. Al Dhafra Petroleum is a joint venture company between ADNOC and the Korea National Oil Corporation and
Tullow Oil’s Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled by the Stena Forth drillship to a Total Depth of 2,175 meters in water depth of 780 meters. Evaluation of logging and sampling data has confirmed that Joe-1 has encountered 14
The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who claimed responsibility. The evidence put forward by several administration officials on Sunday – a day
ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Stabroek Block. Tripletail-1 encountered approximately 108 feet of a high-quality oil-bearing sandstone reservoir. Tripletail-1, drilled in 6,572 feet of
The House is poised to vote Thursday to again bar oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, as Democrats seek to put Republicans on the record on tough environmental issues for the 2020 election. The legislation by California Democratic Representative Jared Huffman would repeal a law passed by Republicans in 2017 that