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Murphy Oil reports Vietnam oil discovery, first production at Lac Da Vang

Murphy Oil Corporation has announced an offshore oil discovery in Vietnam and successful appraisal drilling in Côte d’Ivoire, alongside new production milestones at its Lac Da Vang development offshore Vietnam and Chinook field in the U.S. Gulf.   Offshore Côte d’Ivoire, Murphy’s Bubale West-1X appraisal well in Block CI-103 encountered approximately 88 ft (27 m) […]

Seadrill secures $420 million Indonesia drilling contract, extends offshore rig deals

 Seadrill Limited has secured new offshore drilling contracts and extensions in Indonesia, Malaysia, Angola and the U.S. Gulf, including a $420 million award for the West Carina drillship, strengthening its contracted rig activity through 2030. In Indonesia, the West Carina was awarded a contract with an undisclosed operator valued at approximately $420 million for a […]

U.S. to release another 40 MMbbl from reserve as fuel prices surge

The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections.   The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]

INEOS’ U.S. shale ethane supply chain reaches 10-year milestone

 INEOS is marking 10 years since the first shipment of U.S. shale ethane arrived at its Grangemouth complex in Scotland, establishing a supply route that has since delivered more than 400 cargoes of feedstock to the petrochemical site.   The first purpose-built Dragon-class vessel, the JS INEOS Insight, arrived at Grangemouth on Sept. 28, 2016, […]

House passes TWIC bill aimed at expanding offshore energy workforce

The U.S. House of Representatives has passed bipartisan legislation designed to improve access to Transportation Worker Identification Credential (TWIC) cards, a move the National Ocean Industries Association (NOIA) says could help address workforce needs in the maritime and offshore energy industries.   H.R. 5109, known as the TWIC Efficiency (TWICE) Act, passed the House by […]

U.S. Steel clears final permit for $475 million oil and gas tubular facility

U.S. Steel has received the final air permit needed to advance construction of a $475 million quench-and-tempering facility in Alabama designed to expand tubular capacity for major U.S. oil and gas basins.   The new facility at U.S. Steel’s Fairfield Tubular Operations will add in-house capacity for heat-treated tubular products used in oil and gas […]

Venezuela joins G20 energy summit in Houston as U.S. seeks more oil deals

 Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week, underscoring the rapid rapprochement between Washington and Caracas.    The Venezuelan authorities are attending the G20 energy ministerial that started Monday in Houston at the invitation of the Trump administration, according to a White House official who asked […]

Shell reshapes U.S. power portfolio with gas plant acquisition, $715 million sale

Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million.    SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition […]