Saturday, August 27, 2016

UPSTREAM

BP: Gulf Oil Spill Rate Lower than US Government Estimate

BP has suggested that the actual flow rate of its massive oil spill in the Gulf of... 


Chevron Enters Design Phase, Awards FEED Contracts Offshore Indonesia

Chevron awarded FEED contracts for the Gendalo-Gehem natural gas development in East... 


Pluspetrol hits Angola pay

Argentina’s Pluspetrol has hit a hydrocarbon column with an appraisal well on ... 


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OFFSHORE-MAG

Pertamina, Exxon Ink Deal to Co-Develop Natuna Gas Project Indonesia

Pertamina and Exxon Mobil Friday signed a preliminary agreement to co-develop the... 


Shell Oil Appoints Three Chief Scientists

Shell today announced the appointment of three chief scientists to cover the critical... 


Kreuz wins South Asia subsea installation job

SINGAPORE – Kreuz Holdings Ltd. has a letter of intent for $6.2 million in subsea... 


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WORD OIL

LOOK FOR SHARES OF SCHLUMBERGER TO POTENTIALLY PULLBACK AFTER YESTERDAY’S 0.15% RISE (SLB)

Schlumberger (NYSE:SLB) traded in a range yesterday that spanned from a low of $81.30 to a high of $83.21. Yesterday, the shares gained 0.15%, which took the trading range above the 3-day high of $83.00 on volume of 6.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should... [Read more of this review]


U.S. govt, Halliburton reach deal on fracking info

WASHINGTON, Dec 7 (Reuters) – Halliburton (HAL.N) has reached an agreement with the U.S. government to comply with an order to turn over details about the chemicals the company uses in a controversial technique to drill for natural gas. The Environmental Protection Agency subpoenaed Halliburton last month, saying the company had not fully complied... [Read more of this review]


Chevron Atlas Energy

Chevron sees Atlas output surge Oil and Gas Magazines – Chevron expects Atlas Energy, which it has agreed to buy for $3.2 billion, to ramp up output to 100,000 barrels of oil equivalent per day, or more than seven times current production. Company boss John Watson, who did not give a timeline for the increased production from Chevron properties... [Read more of this review]


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