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Hilcorp to Raise Milne Point Field’s Oil Production in Alaska
March 3, 2020
Hilcorp Energy will increase oil production to 40,000 b/d at the Milne Point field on Alaska’s North Slope by the end of 2020, a company official said Tuesday, compared with 34,000 b/d currently. Milne Point production increased 14 percent in
Wood Group Awarded Engineering Design Services for Chevron’s Anchor Deepwater Project
March 3, 2020
Chevron has awarded a contract to Wood Group to deliver engineering design services for its Anchor deepwater development project in the US Gulf of Mexico. The Anchor high-pressure oil and gas field is located at a water depth of more
Shell Moves Forward With Its Massive Deep-water Drilling Plan, Mexico
March 3, 2020
The global oil major plans to drill four wells this year, and a similar amount next year, said Alberto de La Fuente, Shell’s Mexico country chief. It’s part of a drilling campaign that will include 10 to 13 wells and
EPIC Crude Commissions Permian Basin to Port of Corpus Christi Pipeline, Texas
March 3, 2020
EPIC Crude has commissioned its 1,127km long, crude oil pipeline which extends from Permian Basin to the Port of Corpus Christi in Texas, US. The company stated that it is now making all crude oil deliveries out of the crude
JPMorgan Cuts Back Lending to Coal Companies and Arctic Drillers
March 3, 2020
JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday. The announcement came in tandem with the bank announcing it would extend $200
GulfSlope Files Drilling Permit Application for Tau Prospect, Gulf of Mexico
March 2, 2020
Independent oil and natural gas company GulfSlope Energy is seeking drilling permits for the Tau prospect on the outer continental shelf of the US Gulf of Mexico. The firm has filed an application for permit to drill (APD) with the
Worst Oil Week Since 2011 Puts Pressure on OPEC+
February 28, 2020
Oil was on course for its biggest weekly loss since 2011 as the fast-spreading coronavirus roiled global markets, intensifying speculation that OPEC and its allies will strike a deal to support prices. Futures in New York fell a sixth day
Mosman Oil and Gas Expands Stanley Project with Acquisition of New Acreage
February 28, 2020
Mosman Oil and Gas, an Australian oil and gas company, has agreed to acquire interests in two leases in Texas, located near its Stanley project. The Australian firm said that it has worked alongside its partner Baja Oil and Gas
Versa Integrity Group Acquires Element Integrity Group
February 28, 2020
Versa Integrity Group has closed a transaction to acquire Element Integrity Group. Element provides innovative mechanical integrity and non-destructive testing services to the petrochemical industry, including in consulting, program implementation, inspection, verification, and testing. Element has more than 60 employees
Hunting Acquires Enpro Subsea for $33 Million
February 27, 2020
UK-based energy services provider Hunting has completed the acquisition of Enpro Subsea, a provider of production optimization services for oil and gas industry. Under the terms of transaction agreement, Hunting will pay a consideration of $33 million, along with an
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