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    Aker Solutions axing up to 500 Norway jobs

    Services firm Aker Solutions said Tuesday that it will cut up to 500 jobs in ...

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  • eu flag

    EU approves $70 billion BG Group, Shell merger

  • Image courtesy of Syncrude/Flickr.

    Syncrude JV halts Alberta oil sands production after blaze

  • Image courtesy of ConocoPhillips.

    ConocoPhillips to slash 500 from Houston workforce, ten percent worldwide

  • spark

    Short circuit may have sparked deadly Saudi Aramco fire

Recent Posts

XTO Energy well blowout spills 550 barrels of oil in North Dakota

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Cleanup is underway after a well blowout in North Dakota on Saturday released an estimated 550 barrels of oil. According to Reuters, the XTO Energy owned Deep Creek Federal 43X-5D well suffered a blowout during hydraulic fracturing operations and leaked about 23,100 gallons of crude and 110 barrels, or 4,620 gallons, of saltwater. A pressure control valve failure may have ...

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Harsh weather forces pause in Shell Arctic drilling

Sunset Mountain Clouds

High winds have forced Shell to temporarily suspend drilling activities in offshore Alaska. According to the AP, strong winds and high waves caused the company to temporarily halt all critical operations in the Chukchi Sea. The National Weather Service in Fairbanks, Alaska has recorded gale force winds between 39 and 54 mph in the eastern part of the Chukchi Sea ...

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Penn West cuts 400 jobs, suspends dividend

penn west worker field

Penn West said Tuesday that it will axe about 400 positions and suspend its dividend in response to volatile commodity prices. The Calgary-based company will reduce its workforce by 35 percent, or over 400 full time and contractor positions, with most of the cuts expected immediately. The remainder of the workforce reduction is expected to be completed by the end ...

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Nexen Energy forced to shut in 95 Alberta pipelines for noncompliance

Nexen Energy's Long Lake facility. Image courtesy of Nexen Energy/Flickr.

Nexen Energy was ordered to shut in 95 Alberta pipelines after regulators flagged noncompliance issues at its Long Lake oilsands operations following a July emulsion spill. The Alberta Energy Regulator (AER) ordered an immediate suspension of 15 pipeline licenses on Friday that required the Calgary-based company to shut in 95 pipelines that carry natural gas, crude oil, salt water, fresh ...

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Eni discovers supergiant offshore Egypt gas field

Eni CEO Claudio Descalzi. Image courtesy of Eni/Flickr.

Italy’s Eni said Monday that it discovered a supergiant gas field at the deepwater Zohr Prospect in offshore Egypt. The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth, in the Shorouk Block. According to the well and seismic information available, the discovery could potentially hold 30 trillion ...

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U.S. loses 8 rigs in latest weekly count

rig count down arrow 8

U.S. drillers dropped eight rigs last week. According to Baker Hughes, the number of rigs drilling for oil and gas in the United States fell to 877, a 50 percent drop compared to the same time last year. Oil drillers added one rig last week, bumping the oil rig count up to 675 rigs compared to the 1,575 rigs drilling ...

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SEC files fraud charges in California energy investment scheme

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The U.S. Securities and Exchange Commission filed fraud charges and an emergency asset freeze to halt a California-based oil and gas investment scheme tied to Quantum Energy LLC and Quaneco LLC. According to a complaint filed by the SEC in a Los Angles federal court, Harrison Schumacher and his two companies, Quantum Energy and Quaneco, allegedly raised $12.3 million from ...

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Taylor Energy, green groups nearing settlement for decade long oil spill

finish line

New Orleans-based Taylor Energy said Thursday it has reached a settlement for a slow motion oil leak in the Gulf of Mexico, but environmentalist groups involved in the deal have said a deal has not been finalized. According to the AP, a federal court filing stated that Taylor agreed to make a $300,000 donation to the Louisiana Universities Marine Consortium ...

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Total sells North Sea midstream assets for $905 million

Total CFO Patrick de La Chevardière. Image courtesy of Total.

France’s Total agreed Wednesday to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to UK-based North Sea Midstream Partners for about $905 million. The Frigg UK Pipeline (FUKA) is a 362-kilometer, 32 inch gas pipeline that was originally constructed in 1977 to connect the Frigg Field on the UK – ...

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EIA: September will see first-ever shale gas production drop

Image courtesy of EIA.

For the first time ever, U.S. shale gas production across the nation’s largest seven plays is expected to decline in September. In its latest drilling productivity report, the U.S. Energy Information Administration forecast that shale gas production will dip to 44.9 billion cubic feet per day in September after hitting a record high of 45.6 Bcf/d  in May. “In each ...

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