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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...

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Saudi Arabia Cancels 45-Year Taboo With Threat to Use Oil as a Weapon

Saudi Arabia Cancels 45-Year Taboo With Threat to Use Oil as a Weapon

If threats are anything to go by, Saudi Arabia may just have breached a long-standing orthodoxy of dissociating oil from oil politics. Following recent developments, Riyadh made statements that came across as a veiled threat to deploy the Kingdom’s oil wealth in a political warfare –  an unprecedented turn since the Arab embargo in 1973...

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Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil + Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) would like to provide an update on the Company’s recent land acquisition and Q1/2018 drill program. Saturn has closed its land acquisition with Whitecap Resources Inc. The Company has acquired one section of land with rights from base Colorado to base Mannville. The acquired...

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Production starts at Equinor’s Oseberg Vestflanken 2

Production starts at Equinor’s Oseberg Vestflanken 2

Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf (OGJ Online, June 16, 2016). Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot, said Anders Opedal, Equinor’s executive vice-president for...

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Shell invests in cleaner fuel technology at Pernis refinery

Shell invests in cleaner fuel technology at Pernis refinery

The Royal Dutch Shell PLC is bringing major technology investment to Pernis, its integrated refinery and chemicals manufacturing plant, for the first time since 2011. In a move to stay competitive and enhance innovation, Shell has contracted for a solvent deasphalter (SDA) unit that will take cleaner fuel production to a greater level. With 404,000...

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Colorado House Majority Leader Says Prop 112 Unlikely to Pass

Colorado House Majority Leader Says Prop 112 Unlikely to Pass

Washington — Colorado’s oil and natural gas industry will likely defeat an effective drilling ban on November’s ballot, a key state lawmaker predicted Friday, but she cautioned that the effort would return stronger in 2020 if state legislators do not find common ground on regulating abandoned wells and other issues. House Majority Leader KC Becker...

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SUEZ opens one of the world’s largest R&D labs in Texas

SUEZ opens one of the world’s largest R&D labs in Texas

* New State-of-the-Art Laboratory to Provide Expanded Focus on Downstream Refining, Petrochemical, and Upstream Oil & Gas Processing Applications * Expansive Analytical Laboratory Provides Water, Oil, Deposits, Microbiological, Metallurgical, and Process Fluids analysis for SUEZ’s entire North American client base   SUEZ has opened one of the world’s largest, most advanced analytical laboratories to serve...

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World Oil Award 2018 Winners Honored at Houston Gala

World Oil Award 2018 Winners Honored at Houston Gala

August 30, 2018, HOUSTON—Nearly 150 of the downstream processing industry’s brightest minds gathered Thursday to find out, and celebrate, the winners of the 2018 HP Awards. The awards ceremony seeks to recognize and honor the midstream and downstream processing industries top innovations and innovators. Honorees took home awards in 12 categories—10 encompassing the latest technological...

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Saudi prince sees deal with Kuwait to restart oil fields

Saudi prince sees deal with Kuwait to restart oil fields

Saudi Arabia’s crown prince said he’s getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We believe that we are almost close to having something with Kuwait,” Crown Prince Mohammed Bin Salman, who met with Kuwait’s Emir Sheikh Sabah Al-Ahmed...

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Crude Oil Futures Down for the Week

Crude Oil Futures Down for the Week

The November WTI – West Texas Intermediate crude oil futures contract price gained a penny Friday, settling at $74.34. The WTI intraday range fluctuated from $73.83 to $75.22. Friday’s settlement price represents a 1.3-percent drop since Monday’s close. The front-month Brent contract lost 42 cents Friday to settle at $84.16 a barrel – a nearly...