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Nigeria State Oil Firm Says Its Production Costs Cut To $23 A Barrel

Nigeria's production cost per barrel of crude oil is down to $23, the state oil company says.
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IOC: Malaysia's Petronas Eyeing Stake In Indian LNG Import Terminal

Petronas is looking to buy a stake in Indian Oil Corp's Ennore LNG import terminal, the Indian firm's chairman says.
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Shell Divests Stake in Saudi JV

Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.
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Thai Oil Buys 1 Million Barrels North Sea Crude To Replace Mideast Oil

Thai Oil PCL has bought 1 million barrels of North Sea Forties crude to be delivered in November
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What Will Happen to Experienced Oil, Gas Workers?

Rigzone's worker exodus survey finds that highly experienced oil and gas professionals are struggling with whether or not to return to the industry in the wake of a new normal.
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Woodside Sees Qatar Targeting New LNG Buyers With Supply Surge

Woodside expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers.
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Kemp: Goodbye Contango? Oil's Long March Towards Backwardation

The IEA's evident frustration about the slow and uneven pace of rebalancing, and the conflicting signals about whether it is happening at all, is shared by many traders, analysts and investors.
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Saipem to Build Pipelines for Kuwait Refinery Project

A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.
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McDermott Appoints Freeman As VP, General Counsel and Corporate Secretary

McDermott International, Inc. has appointed John Freeman as Senior Vice President, General Counsel and Corporate Secretary. He succeeds¬†Liane Hinrichs who will retire from the Company at the end of the year.¬† Freeman has more than 30 years of legal experience in both the private and public sectors. His most recent position was Special Advisor to […]

The post McDermott Appoints Freeman As VP, General Counsel and Corporate Secretary appeared first on COMPRESSORtech2.

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Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B

Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.
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How Elon Musk and Cheap Oil Doomed Push for Another Car Fuel

The idea was nothing short of revolutionary: convert the nation's millions of trucks, buses and other commercial vehicles to run on natural gas instead of gasoline and diesel.
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Russell: China's Appetite For Crude Oil May Become Less Voracious

The sharp slowdown in China's refinery processing in July may be another warning sign that the robust growth in crude oil demand this year in the world's top importer is poised to moderate.
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Big Oil Follows Silicon Valley Into Backing Green Energy Firms

Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.
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Traders Expect Asia To Import More Venezuelan Crude If US Sanctions Kick In

Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts.
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America's Shale Natural Gas Production Is Taking Off - Sort Of

America's shale gas production is about to surge 12%. Sort of.
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Protesters Drag Shell Niger Delta Oil Facility Shutdown Into Fifth Day

Protesters on Tuesday dragged the shutdown of a Shell crude oil facility in the Niger Delta into its fifth day.
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Courts: US EPA Erred In Denying Renewable Fuel Hardship Exemption

The EPA used too strict of a test when it wrongfully denied Sinclair Oil's request for an exemption from the country's biofuel regulations, a US appeals court rule.
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US To Sell 14 Million Barrels Of Crude Oil From Emergency Reserve

The US Department of Energy says it will sell 14 million barrels of crude oil from the nation's emergency reserve.
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Oil Prices Settle Flat After Testing 3-Week Lows

Oil prices settle little changed after slumping to three-week lows.
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Philippines Weighs China Energy Deal in Disputed South China Sea

The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.
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