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News

Partnership for decommissioning planning

Published on February 18, 2017
Global training provider to the oil and gas industry, MDT International, has entered into a strategic partnership to help energy businesses plan for decommissioning.

Petrobras oil and natural gas production in January

Published on February 18, 2017
Petrobras’ total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million boed abroad.


Saudis take aim at swollen U.S. oil stockpiles in strategy shift

Published on January 1, 1970
After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans to "markedly" reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude inventories in the world’s biggest consumer.

OPEC insiders reel as key minister is fired during meeting

Published on January 1, 1970
As OPEC ministers gathered in Vienna yesterday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired.


Flat Time Reduction launches Lean Oilfield Solutions

Published on January 1, 1970
Flat Time Reduction (FTR), a Houston-based engineering and management consulting firm, has developed a new system tailored specifically for the oil and gas industry, based on the proven methodology behind lean manufacturing.

Trump proposes $204.9 million budget for BSEE in 2018

Published on January 1, 1970
President Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE).


Mexico oil reform advances with first private well in 80 years

Published on January 1, 1970
For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.

Premier Oil JV spuds Zama-1 exploration well, offshore Mexico

Published on January 1, 1970
Premier is pleased to announce that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste basin, offshore Mexico, was spudded on May 21, 2017.