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

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

JupiterMLP, LLC anticipates a November open season for capacity on the 1 million barrel per day (MMbpd) crude oil pipeline it plans to build from the Permian Basin to Brownsville, Texas, the privately held midstream company announced Wednesday afternoon. JupiterMLP has secured funding from Charon System Advisors to build a 1 MMbpd oil pipeline from...

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Libya oil boss sees output jump as BP, Eni may re-start soon

Libya oil boss sees output jump as BP, Eni may re-start soon

Libya’s National Oil Corporation (NOC), BP and Eni have signed an agreement that is expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya. Chairman Mustafa Sanalla said over the weekend in a written response to questions. He expects BP and Eni to...

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Earthstone buys Midland basin assets for $950 MM

Earthstone buys Midland basin assets for $950 MM

Earthstone Energy, Inc. will acquire assets in the Midland Basin through two agreements for a cash and stock purchase price of $950 million ($650 million cash plus $300 million stock). 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. In...

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Equinor sells its share of Tommeliten field

Equinor sells its share of Tommeliten field

Equinor announced Thursday that it has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million. Through the transaction Equinor will divest its 42.38 percent interest in the Tommeliten Unit and 30 percent interest in PL 044. Both are operated...

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Lukoil signs MOU with Uzbekneftegaz

Lukoil signs MOU with Uzbekneftegaz

LUKOIL Overseas and Uzbekneftegaz, the national holding company, have started the supply of gas from the Khauzak area (Bukhara Region of the Republic of Uzbekistan) within the framework of implementation of the PSA for the Kandym-Khauzak-Shady-Kungrad project. The President of Lukoil, Vagit Alekperov and Uzbekneftegaz’s acting chairman of the board, Bahrom Ashrafhanov signed a memorandum...

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EMGS mobilizes vessel for potential acquisition contract

EMGS mobilizes vessel for potential acquisition contract

This new acquisition is expected to take place in Q3 2016 and will become part of the EMGS multi-client library. Christiaan Vermeijden, CEO of EMGS, said he was pleased that such a 3D controlled-source electromagnetic (CSEM) survey continues to add value to the exploration efforts for hydrocarbons in the Barents Sea. The survey will take...

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Crude set for weekly loss as supplies allay Saudi tensions

Crude set for weekly loss as supplies allay Saudi tensions

Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country. The talks could lead to increased cooperation between the U.S. energy giant and state-run Rosneft PJSC, Russian government officials said, asking not to be named discussing...

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

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

TransCanada Corp’s decision this week to scrap its $12 billion Energy East pipeline and delays to other export pipeline projects look set to increase producers’ reliance on costly crude-by-rail to bring barrels to market. The run-up to oil-shipment levels last seen four years ago, when Canada’s benchmark crude price reached almost $90/bbl, comes as producers...

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

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

UTEC Survey is one of the largest global independent surveying companies providing services across many industrial sectors including Oil and Gas, Energy, Renewable, Telecommunications, Civil Engineering, Construction, Petrochemical, and Minerals. Our focus is to provide our customers with high quality, cost-effective, leading edge technology solutions for offshore, onshore, and subsea project needs. Our wide range...