Oil & Gas
Oil & Gas
Baker Hughes: US drilling rig count decreases to 1,860
The US drilling rig count dropped 6 units to 1,860 rigs working during the week ended June 6, Baker Hughes Inc. reported. The decline follows BHI’s report that the average US rig count for May was 1,859, 24 more...
Oil & Gas
Eni Signs Strategic Agreements For Perla Super-Giant Field In Venezuela
The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael RamÃrez, Eni's CEO, Claudio Descalzi, and Repsol's President, Antonio Brufau, signed strategic agreements concerning the exploitation of the Perla field, one of the largest worldwide discoveries...
Oil & Gas
API issues refinery safety standards
The American Petroleum Institute issued three first-edition standards to enhance refinery safety and inspection programs. “The three new standards help improve safety by offering guidance for reducing corrosion, improving efficiency of process safety inspections, and outlining steps for proper...
Oil & Gas
EIA: US oil production in 2015 expected to be highest since 1972
Total US crude oil production in 2015 will reach its highest level since 1972, the US Energy Information Administration forecasts in its Short-Term Energy Outlook (STEO) released June 10. Production, which averaged 7.4 million b/d in 2013, is expected...
Oil & Gas
CNPC called ‘winner’ in Gazprom gas deal
The $400 billion natural gas deal Gazprom signed with China National Petroleum Corp. last month strongly favors the Chinese company and its country, writes an analyst with Chatham House, the Royal Institute of International Affairs, London (OGJ Online, May...
Oil & Gas
Cheniere unit, Iberdrola sign LNG supply deal
Corpus Christi Liquefaction LLC, a subsidiary of Cheniere Energy Inc., Houston, has entered into a sale and purchase agreement (SPA) under which Spain’s Iberdrola SA will purchase 400,000 tonnes/year of LNG on the start of operations of Train 1...
Oil & Gas
Carnarvon gets exploration permit in Western Australia
Carnarvon Petroleum Ltd., Perth, has been awarded an exploration permit (EP491) on the eastern flank of the Barrow Sub-basin offshore Western Australia. Carnarvon has 100% interest and is operator of the 1,450 sq km block, which...
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