Oil & gas news
EIA: US crude oil exports reached nearly 3 million bpd in 2019
The growth in US crude oil exports in 2019 has been attributed to increasing US crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils.
United Oil & Gas appoints non-executive director
Stewart MacDonald has been appointed as non-executive Director of the company.
Stress Engineering launches digital flex joint angle monitoring system
The system is for monitoring real time drilling operations.
Murphy Oil reduces 2020 CAPEX plans
Murphy’s revised 2020 budget is now approximately US$950 million, a nearly 35% revision.
Tullow Oil announces 2019 results
The company recorded loss after tax of US$1694 million. in 2019.
Rystad Energy: oil prices could fall into low US$20s
Oil prices could fall into the low US$20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months.
Island Offshore awarded contracts for platform supply vessels
The two LNG-fuelled PSVs Island Crusader and Island Contender, as well as a third sister vessel Island Commander, have ben contracted by Lundin Norway.
BJ Services and Aethon Energy agree contract for natural gas fuelled fracturing fleet
The contract will see BJ Services' TITAN fracturing fleet deployed in the Haynesville shale.
Zenith Energy close to completing acquisitions in Africa and Italy
The company has said it completing a series of "transformational" acquisitions in the Republic of the Congo, West Africa, Tunisia and Italy.
EY comments on UK Budget's implications for oil and gas industry
Derek Leith has said that Chancellor Rishi Sunak's decision to make no legislative change for the UK oil and gas industry is "a welcome move."