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US demand for oil expected to decline through 2022

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US demand for crude petroleum is forecast to see marginal annual declines through 2022, according to Crude Petroleum: United States, a report recently released by Freedonia Focus Reports. This drop will result from lower expected levels of gasoline demand, which...
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BP’s $48.2 billion transformative deal that made history

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Saturday, August 11 marked 20 years since British Petroleum plc announced that it would acquire the American oil giant Amoco. The deal was huge, marking the largest industrial merger at the time and the largest foreign takeover in the...
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Kinley’s well control technology has advanced safety at oilfield operations

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Challenges In the early days of the oil field, blowouts were common, but there were no well control companies around to handle them. Thousands of lives were lost as oil companies struggled to handle dangerous blowouts without the benefits...
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Earthquake Watch: Refineries, O&G installations operating normally in Venezuela and Trinidad

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In wake of a major earthquake measuring 7.3 in magnitude which struck Venezuela’s eastern coast at 5:31 pm on Tuesday, reports indicate that the country's oil refineries and oil fields were operating normally. Officials said there were no immediate reports...
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Saipem secures US$700M in contracts for Liza Phase 2 development in Guyana

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Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil,...
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Conoco to recover $2B in agreement with Venezuela

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ConocoPhillips said it will receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil at the heart of its faltering economy. An international tribunal awarded the amount in...
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North Sea union holds fifth day of strikes at Total O&G platforms

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Total confirmed Monday its North Sea production, which feeds the Forties crude stream, had been shut down due to a fifth day of strike action by the Unite trade union, S&P Global Platts said in a report. The fields together...
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Asia’s biggest downstream O&G tech event takes place at Singapore International Energy Week 2018

OilNOW -
Asian Downstream Summit will be held on October 31 - November 1, 2018, focusing on core refining technologies, with a special focus on Industry 4.0. As the anchor oil and gas event during Singapore International Energy Week, hosted by...
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Former Anadarko employee arrested for deaths on company property

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A former employee of US oil company Anadarko Petroleum was taken into police custody after the bodies of his wife and two children were discovered on property owned by the company in Colorado. It is being reported that a...
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Study shows Suriname businesses must boost capacity to benefit from offshore oil industry

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As the search for oil continues offshore Suriname, the Dutch-speaking South American country is looking to put systems in place for what the country hopes is an imminent discovery. State oil company Staatsolie recently commissioned an Industrial Baseline Study (IBS)...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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