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OPEC Can't Count on American Drivers to Help Boost Oil Prices

Rising US oil production isn't the only thing getting in the way of OPEC's efforts to drain a global glut. American drivers aren't helping either.
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Oil Minister: Up To 12 Oil And Gas Projects Possible In Norway This Year

Up to 12 oil and gas projects off Norway could be sanctioned by oil companies this year, the Norwegian oil and energy minister says.
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BP Appoints New Heads Of Production, Drilling As Output Set To Jump

BP reshuffles its exploration and production division as the oil company readies for the biggest jump in output in its history.
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Fire At Syncrude Oil Sands Site Extinguished After Two Days

The fire at Syncrude Canada's oil sands plant in northern Alberta was extinguished on Thursday morning.
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EPA Hit Hardest As Trump Budget Targets Regulation

President Donald Trump's administration proposes a 31% cut to the Environmental Protection Agency's budget.
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China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO

China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.
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Oil Firm Quits Peru Amazon Due To Finances Not Tribal Pressure

Pacific Exploration and Production Corp. decided not to develop one million hectares of land deep in the jungle on the Peru-Brazil border because of financial concerns, a company spokeswoman says.
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New Pertamina Chief To Focus On Transparency, Energy Security

The new head of Indonesian state energy firm Pertamina said he would focus on improving transparency and communications at the country's biggest company.
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BLOG: Filling the Petrotechnical Professionals Void in Oil, Gas

Accenture Strategy executives discuss what the industry needs to do to address its impending shortage of upstream petrotechnical professional workers.
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Industry Consultant: There's Still Oil to Find in East Africa

There is still oil to discover in East Africa, suggests PetroMall consultant Mike Rego.
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Meggitt Introduces New Handheld Transducer Simulator

Meggitt Sensing Systems has launched the Endevco 4830B handheld transducer simulator designed to aid in troubleshooting and calibration of test systems when measurement chain verification is important. The Endevco 4830B is a portable, battery-operated signal generator that facilitates confidence in system setups before running vibration tests. The Endevco 4830B simulates the electrical output of accelerometers […]
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Zohr to Start Gas Production This Year

Zohr will start gas production in December, according to an investor presentation held in Milan by Eni.
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Russia's Lukoil Sees Hydrocarbon Output Growth Of 3-4% In 2017

Russian oil firm Lukoil forecasts its hydrocarbon output will grow 3-4% in 2017.
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IEA Says Oil Market Could Tilt Into Deficit In 1H If OPEC Sticks To Cuts

If OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency says.
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Montenegro Signs 30-Year Oil Licensing Deal With Greek Producer

Montenegro awarded Greece's sole oil producer Energean Oil & Gas a 30-year oil and gas exploration licences in two offshore blocks in the Adriatic sea.
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Over 800 Workers Demobilized From Ichthys LNG Tanks Project

Laing O'Rourke Australia Construction has demobilized approximately 800 of its people from the Ichthys LNG Tanks Project in Darwin.
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Iraq Plans to Boost Crude Oil Production and Exports This Year

Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year.
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Pirates Demand Ransom For Tanker Seized Off Somalia

Pirates off the coast of Somalia, who hijacked an oil tanker with 8 Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force says.
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Time For Change: Meeting The Challenge Of Offshore Rig Moves

Rig moves have always been challenging tasks for offshore drilling organizations.
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Crude Rallies on Unexpected Drop in US Inventories

After losing over 5% in the last week, oil prices regained some lost ground after the EIA reported an unexpected decrease to US crude inventories.
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