35885 Search results for ‘’

Oil & Gas

No new date set for Utah oil and gas auction

19/11/2015

A new date has not been set by the US government for an oil and gas natural lease auction of federal funds in Utah. Earlier this week it was postponed after overwhelming interest from the public, including climate activists.

Oil & Gas

Stover to step down from Marathon Oil after 30 year career

19/11/2015

Marathon Oil said its vice president of operations services will retire after more than 30 years working in the industry. Michael Stover will step down from his role at the end of the month after joining the company in 1986 as a roustabout. During his time with Marathon Oil he has been responsible for a number of roles which includes economic and reservoir studies for fields in Ireland, Tunisia and Norway.

Oil & Gas

US oil and gas trade groups to merge

19/11/2015

The American Petroleum Institute (API) is set to takeover America’s Natural Gas Alliance (ANGA). The move could see the groups become a stronger powerhouse after approval was granted by both board of directors. It means the two groups will combine into a single trade association, beginning next year.

Oil & Gas

OPEC menaced by US shale hits Canada harder in price fight

19/11/2015

OPEC took a swing at US shale and knocked down Canada. Threatened by surging production from North America, the Organization of Petroleum Exporting Countries has been pumping above its quota for 17 months as it seeks to take market share from higher-cost regions. The resulting 60 percent price crash is hitting Alberta harder than Texas. Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of US rivals, a Bloomberg Intelligence analysis shows.

Oil & Gas

TransCanada launches third round of job losses

19/11/2015

TransCanada has begun another round of job losses as it looks to streamline costs. Workers were told the headcount reductions would be complete by the end of November. In June this year, 185 people were made redundant from its major project’s division, followed by a 20% reduction from its senior leadership positions in September.

Oil & Gas

Shell’s BG deal cleared by Australian competition regulator

19/11/2015

Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc was cleared by Australia’s competition watchdog despite concerns it could reduce natural-gas supply to local customers and boost prices. “The proposed acquisition would be unlikely to substantially lessen competition in the wholesale natural gas market,” Rod Sims, chairman of the Australian Competition and Consumer Commission, said in a statement on Thursday.

Oil & Gas

Fugro wins UK contract with Total

18/11/2015

Fugro has won a five year contract with Total for provision of underwater services in the UK. The deal includes extension options for a further two years and will see Fugro provide a range of ROV (Remotely Operated Vehicles) services.