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Month: October 2018

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Upstream uncertainty tempers otherwise upbeat outlook, Deloitte survey says

Upstream uncertainty tempers otherwise upbeat outlook, Deloitte survey says

Oil, natural gas and chemicals executives see higher oil and gas prices in the future, but the industry has varying expectations for what the anticipated price recovering will bring, according to a new survey. In contrast to last year’s survey, optimism appears to be growing in the return of a more favorable business environment. The...

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Petrofac renews contract in Iraq for $50 million

Petrofac renews contract in Iraq for $50 million

Petrofac has secured a contract extension for four years with an undisclosed major client operating in the Iraq oil industry. The British company’s Engineering & Production Services (EPS) East division will handle the contract, which estimated at around $50 million in worth. The agreement sees EPS East continuing to supply specialised services to the client,...

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Canadian producers turn to trucks as supply glut grows

Canadian producers turn to trucks as supply glut grows

The highways of Saskatchewan show just how desperate Canadian oil producers are to get their crude to market. At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be...

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Oil price Tuesday 30th of October 2018

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2018-10-30 1.8092 1.8285 1.7909 1.812 0.019 1.8059 20350 16193 Crude Oil...

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Brazil gets oil windfall as output poised to soar

Brazil gets oil windfall as output poised to soar

As of 2005, the Brazilian oil sector accounted for approximately 2% of world oil production, 1% of world oil reserves, and 2% of Brazilian GDP. Offshore oil accounts for the vast majority of output. Oil in Brazil is inextricably linked to Petrobras, the oil multinational controlled by the Federal Government, which completely dominates the industry....

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Halliburton releases first fluid efficient, dissolvable frac plug

Halliburton releases first fluid efficient, dissolvable frac plug

Halliburton, founded in 1919 is one of the world’s largest providers of products and services to the energy industry. With over 50,000 employees, representing 140 nationalities in approximately 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation,...

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Oil price Monday 29th of October 2018

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2018-10-29 1.8121 1.8384 1.7948 1.8127 0.0099 1.8249 18826 23806 Crude Oil...

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McDermott, Saipem to partner for planned Rio Grande LNG project

McDermott, Saipem to partner for planned Rio Grande LNG project

David Dickson, president and CEO of McDermott, said, “pursuant to NextDecade’s competitive process, we plan to submit our joint EPC proposal in the second quarter of 2019.” International, Inc. has announced that it plans to partner with the Italian oil and gas industry contractor Saipem to bid for NextDecade’s planned Rio Grande LNG project in Brownsville,...

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Eni, Total partner with Sonatrach for offshore exploration in Algeria

Eni, Total partner with Sonatrach for offshore exploration in Algeria

Eni announced that it, Total and Sonatrach, Algeria’s state oil company, have signed two agreements which include an exclusive partnership for offshore exploration in Algeria. “In parallel, Eni and Total will also pursue obtaining exploration permits that will allow for the rapid completion of the hydrocarbon potential assessment,” Eni said in a company statement posted...

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