Synthetic Crude Rises On Extended Syncrude Oil Sands Cuts

The price of oil sands synthetic crude strengthened after the majority owner in the Syncrude oil sands project in northern Alberta said maintenance on the facility had been extended.

Return of North Sea Industry to Help Bring Back Well Paid Jobs

The return of confidence in the North Sea oil and gas industry will help stimulate the local economy and bring back well-paid and highly skilled jobs, according to Aberdeen North MP Kirsty Blackman.

EIA: US Crude Stockpiles Dip, Gasoline Builds Unexpectedly

US crude oil inventories fell last week, but an unexpected build in gasoline stocks and weak demand for the motor fuel offset market optimism over the crude drawdown, the EIA says.

Uganda To Finalize Oil Exploration Deal With Nigerian Firm

Uganda is set to sign 2 oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government says.

Fire Breaks Out At Mexico's Top Refinery, 9 People Hurt

A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery after a crude spill.

Abu Dhabi's Dana Gas Gets Injunction Blocking Claims On $700 MM Sukuk

Dana Gas obtains an injunction in a United Arab Emirates court blocking claims for payments on its $700 million of outstanding sukuk.

How Big Can Your Salary Get As A Geologist in Oil, Gas Industry?

Rigzone breaks down what kind of cash a geologist can extract from the oil and gas business in North America.

IPE Professor Wins Alfred Wegener Award

The director of the Institute of Petroleum Engineering wins the 2017 Alfred Wegener Award by the European Association of Geoscientists and Engineers.

Shale Drillers Digging Themselves a Hole as Oil Breaches $45

Drillers are suddenly contemplating the possibility of retrenchment as a stubborn global supply glut is keeping prices near $46.

Global Oil Consumption Rate Grows

Global oil consumption grew above the 10-year average rate for a second consecutive year in 2016.

Iraq Is New Oil King, Beats Saudis in Fastest Growing Market

Iraq is gaining the edge over Saudi Arabia in the world's fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.

French Oil Services Firm CGG Files For Bankruptcy

CGG says it filed for bankruptcy in France and the United States as part of financial restructuring to reduce its debt burden.

Stewart & Stevenson To Be Sold

Kirby Corp., one of the United States’ largest domestic tank barge operators and a distributor and service provider of diesel engines and reduction gear used in marine and power generation applications, said it has signed a definitive agreement to acquire substantially all of the assets and businesses of Stewart & Stevenson LLC, a subsidiary of

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Power For Fishing Vessel

Wärtsilä has been selected to provide its Wärtsilä 31 main engine, the propulsion machinery, and the auxiliary engines for a new state-of-the-art pelagic trawler under construction at a Norwegian shipyard. The vessel has been ordered by Research Fishing Co based in Lerwick, Shetland Islands. The order with Wärtsilä was booked in April 2017. There is

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Healthy Returns From CHP Plant

BY IAN CAMERON A combined heat and power (CHP) plant has been supplied to the Boston Scientific manufacturing facility in Cork, Ireland, by Finning UK & Ireland (Finning). Boston Scientific has invested in an 800 kW gas-fired CHP unit to help cut energy costs, improve operational efficiencies and increase sustainability. The new plant delivers energy-saving

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A Deal With A Duke

Duke Energy plans expansion of its Lincoln County Combustion Turbine (LCCT) generation site in North Carolina, USA and Siemens will serve as the Engineering, Procurement and Construction (EPC) contractor for the project and will supply an advanced gas turbine unit. Approximately 400 MW of peaking energy will be needed to meet Duke Energy customers’ needs

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Louisiana LNG Project Developer Extends EPC Contract

LNGL's managing director said the company is finalizing offtake agreements and moving toward a final investment decision.

Blast Backlash Hangs Over Drillers as 'Fractivists' Seek Limits

Two months after a Colorado home exploded near an Anadarko well, the reverberations are still rattling the oil industry, driving down driller shares and raising fears of a regulatory backlash.

North Dakota's Oil Output Rises 2% In April

North Dakota's daily oil production rose 2% in April as rising crude prices encouraged companies to pump more.

Israel's Navitas Petroleum Plans Tel Aviv IPO

Israel's Navitas Petroleum plans to raise $130 million in bonds and carry out an initial public offering (IPO) on the Tel Aviv Stock Exchange.
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