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Funds Pull Back From Permian As US Shale Oil Firms Go Into Overdrive

Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest US oilfield.
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Which Area Ranks Highest for Petroleum Engineer Salaries?

Rigzone outlines the highest petroleum engineer salaries.
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Greka Drilling Secures 3-Year Drilling Deal with ONGC

Greka Drilling Limited secures a 3 year drilling contract with Oil & Natural Gas Corporation Limited.
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European Commission Approves Shell's $3.8B North Sea Sale

The European Commission approved on Shell's $3.8B sale of North Sea oil and gas assets to Chrysaor.
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UK Oil & Gas Investments Progresses UK Exploration Well

UK Oil & Gas Investments plc progresses its Broadford Bridge-1 (BB-1) exploration well in the UK.
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August Prices Weaken On Poor Asian Demand

Asian spot LNG prices eased slightly this week as many traditional buyers remained on the sidelines and traders instead turned their focus to tenders in India.
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Maersk Will Only List Oil Business

Danish shipping and oil conglomerate A. P. Moller-Maersk aims to list its oil business soon but has dropped plans to list other smaller units separately, Danish newspaper Berlingske reports.
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Mexico Opens Up Pipeline Capacity For Bidding

Mexico’s National Center for Natural Gas Control (Centro National de Control del Gas Natural – CENAGAS) has authorized the country’s first open season for capacity rights on the national natural gas grid. CENAGAS manages Mexico’s Integrated National Natural Gas Transportation and Storage System (Sistema de Transporte y Almacenamiento Nacional Integrado de Gas Natural—SISTRANGAS). SISTRANGAS has […]

The post Mexico Opens Up Pipeline Capacity For Bidding appeared first on COMPRESSORtech2.

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Valmet, MJBI Enter Automation Deal

BY IAN CAMERON Valmet has signed a cooperation agreement for gas turbine automation with MJB International Ltd. (MJBI), an independent gas turbine service provider with main locations in Scotland, and Abu Dhabi and Dubai, UAE. According to the agreement, Valmet and MJBI will develop triple modular redundant (TMR) gas turbine control systems as part of

The post Valmet, MJBI Enter Automation Deal appeared first on Diesel & Gas Turbine Worldwide.

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Korea Move For EthosEnergy

BY IAN CAMERON EthosEnergy has been awarded a major contract by Kepco KPS for the retrofit of a steam turbine at GS Power’s Bucheon Power Plant in South Korea. The project scope includes the replacement and redesign of the HP rotor, HP rotating and stationary blades and the replacement of the LP last stage blades. A

The post Korea Move For EthosEnergy appeared first on Diesel & Gas Turbine Worldwide.

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India's Oil Imports From Iran Plunge Over Gas Field Row

India's oil imports from Iran have fallen to their lowest since June 2016.
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Germany, Austria Tell US Not to Interfere in EU Energy

Germany and Austria condemn a proposed expansion of US sanctions on Russia.
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Qatar Crisis Spills Into Libya, Entangling Glencore Over Oil

The Qatar crisis is reverberating in Libya, inflaming political divisions in the war-torn oil exporter and dragging commodity-trading giant Glencore into a dispute over crude sales.
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Norway Holds 'Significant Remaining Resources'

Norway's 'significant remaining resources' can create value for the Norwegian society for many decades to come, according to the Norwegian Petroleum Directorate's new report.
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Sources: EPA Expected To Unveil Renewable Fuel Plan As Soon As This Week

The US EPA is expected to propose renewable fuel use requirements for 2018 as soon as this week, sources say.
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BP, Reliance to Revive India Investments After Eight Years

BP and Reliance Industries will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years.
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Natural Gas Is King of America's Power Mix, for Now

Natural gas is the king of the US power market - but that may not last.
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BP's Dudley Seen Reigning For Years To Restore Major's Might

When Dudley clinched a final deal to settle litigation over the deadly Deepwater Horizon disaster, many oil industry executives and investors thought his mission was accomplished.
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Oil Guru Who Foresaw Crash Says OPEC Should Have Cut Deeper

The oil guru who predicted the market rout in 2014 said OPEC and its allies should have gone much further when they extended their supply deal last month.
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Oil Slides, Hits 6-Month Low On Rising Global Production

Oil prices settled more than half a percent lower after hitting a six-month low.
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