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Updated: 1 hour 30 min ago

Siemens Says Spinoff Best Way to Boost Share Price

Thu, 07/09/2020 - 19:23
Siemens, which is seeking investor backing to spin off an energy business, must drive ahead with the planned breakup as it's the best way to refocus and boost the share price, according to its CEO.

3M Alum Joins Phillips 66 Board

Thu, 07/09/2020 - 19:13
Phillips 66 reported Wednesday that its board has named Julie L. Bushman an independent director.

$1B+ Egypt Contract Goes to TechnipFMC

Thu, 07/09/2020 - 19:12
TechnipFMC has signed a contract worth more than $1 billion with Assiut National Oil Processing Co. (ANOPC).

Rystad Sees Speedy FPSO Comeback

Thu, 07/09/2020 - 19:11
2021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.

MPA Seeking New Board Members

Thu, 07/09/2020 - 19:01
The Montrose Port Authority is seeking to make a number of non-executive board member appointments.

Petrofac JV Secures $135MM Kazakhstan Deal

Thu, 07/09/2020 - 17:44
A Petrofac-Isker joint venture has secured a services deal with the North Caspian Operating Company worth around $135 million.

Oil Stuck with Gains Capped by Rising Stockpiles

Thu, 07/09/2020 - 16:50
Oil was anchored near $41 a barrel in New York with swelling U.S. crude stockpiles raising fresh concerns about supply.

US Energy Sec Heads to Texas

Thu, 07/09/2020 - 16:42
The U.S. Secretary of Energy Dan Brouillette is travelling to Texas.

7 Killed in BRVS Explosion

Thu, 07/09/2020 - 15:48
An explosion has occurred at the Gbetiokun field in OML 40, the Nigerian National Petroleum Corporation has confirmed.

Oil Prices Finish Higher

Thu, 07/09/2020 - 03:58
Oil's rally has hit a ceiling.

US Refineries Still Running Below Seasonal Norm

Thu, 07/09/2020 - 03:26
Refinery utilization still has a long way to go.

Libya Port Guards Block Tanker from Loading Crude

Thu, 07/09/2020 - 02:21
A Libyan paramilitary force charged with safeguarding the nation's oil ports blocked attempts on Wednesday to load a tanker with crude.

Nearly 94,000 OFS Job Losses Tied to COVID-19

Thu, 07/09/2020 - 01:43
The U.S. OFS job count fell 12.3 percent from February to June of this year, based on BLS data.

New Tech Could Slash North Sea Decom Costs

Wed, 07/08/2020 - 23:38
North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region.

DCP Midstream Kicks Off Methane Initiative

Wed, 07/08/2020 - 19:26
DCP Midstream is teaming up with Kairos Aerospace for a new methane management initiative across its portfolio of natural gas assets.

Equinor Contracts Odfjell Rig for Up to 17 Wells

Wed, 07/08/2020 - 19:25
Odfjell's Deepsea Atlantic semi-sub, above, will return to Johan Sverdrup. Photo by Marit Hommedal. PHOTO SOURCE: Equinor ASA

Oil Sands Explorers Restoring Production

Wed, 07/08/2020 - 19:19
At least 20 percent of shut-in Canadian production is being restored.

Equinor Makes North Sea Discovery

Wed, 07/08/2020 - 19:06
Equinor has discovered gas and condensate in the Norwegian section of the North Sea.

EIA Raises Oil Price Forecasts Again

Wed, 07/08/2020 - 18:13
The U.S. Energy Information Administration has raised its Brent and West Texas Intermediate oil price forecasts again.

Oil Stuck With Signs US Crude Stockpiles Swelled

Wed, 07/08/2020 - 17:12
Oil was anchored below $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles.