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Oil&Gas Drilling
Exploration Disappointment for Cnooc West of Shetland
Chinese firm Cnooc has confirmed that its Howick exploration well located west of Shetland was a duster. The company, which has a base in Kingswells, Aberdeen, …
Oil&Gas Drilling
Shell Egypt to Sell Western Desert Assets to Focus on Expanding Offshore Gas Projects
A source in the oil sector told Daily News Egypt, that Shell has begun to exit globally from the activity exploration and production in onshore areas, to focus …
Shale Gas
The Warning Signs Are Flashing For U.S. Shale
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.
Oil&Gas Drilling
U.S. Drillers Add Oil Rigs for First Week in Eight -Baker Hughes
U.S. energy firms this week increased the number of oil rigs operating for the first time in eight weeks even though energy services firms are cutting jobs as m…
Oil&Gas Drilling
Trump Opening California Public Land to Fracking, Gas Leases. Is it‘Reckless’?
The Trump administration has finalized its plans to open hundreds of thousands of acres of federal land in Central California to oil and gas leasing, paving the…
Oil&Gas Drilling
Irish Government to End Offshore Oil Drilling,And Gas Is To Follow
Ireland's Taoiseach Leo Varadkar announced at a UN assembly earlier this week that the Irish Government is ending offshore oil drilling, and gas is to follow.
Oil & Gas Trade
Is China Blocking Vietnam’s Access To $2.5 Trillion In Oil & Gas?
The United States has China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is …
Oil&Gas Drilling
U.S. Crude Oil Rig Count Plunges To Near 2-Year Low
The US oil and gas rig count fell sharply on Friday, decreasing by 19 for the week, according to Baker Hughes. The total oil and gas rig count now stands at 916…
Oil&Gas Drilling
U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s la…
Oil&Gas Drilling
CNOOC Acquires 55.55% Interest in Svenska’s Acreage Off Guinea-Bissau
FAR Limited has approved the Request for Transfer of Interest from Svenska Petroleum Exploration GB of a 55.55% participating interest in the highly prospective…
Oil&Gas Drilling
OPEC Oil Production Dips on , Saudi Arabia, Nigeria, Others' Cuts
The Organisation of Petroleum Exportig Countries (OPEC’s) crude oil production fell by another 246,000 barrels per day (bpd) last month compared to June.
Oil&Gas Drilling
What is Hydraulic Fracturing? A Controversial Source of Energy
The US is the world leader in fracking and natural gas in the world. Fracking, also known as hydraulic fracturing, is a common target for environmental protesto…
Oil&Gas Drilling
NNPC Called on the Chinese Government to Increase its Investment in the Nigerian Petroleum Industry
The Nigerian National Petroleum Corporation, NNPC, Thursday, called on the Chinese government to increase its investment in infrastructural development in the N…
Oil&Gas Drilling
The Upheaval in the UK North Sea Looks Set to Continue with US Oil
The upheaval in the UK North Sea looks set to continue with US oil and giant ExxonMobil reported to be considering exiting the area after more than 50 years.
Oil&Gas Drilling
Malaysia Develops a $480 Million Oil Storage To Push It into An Oil And Gas Hub
Malaysia on Tuesday said the Johor PortAuthority was working to develop a 2 billion ringgit ($477 million) oil storage and ship refueling site in the country's …
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