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Petrofac Secures $70MM Services Contracts in Iraq.

Petrofac secures a series of contract awards worth more than $70 million for engineering, operations and maintenance services in Iraq.

- Rigzone.com - US

Inside Mosul: April 24, 2017.

Detailed updates from Islamic State militant-held areas of Ninewa province, gathered via Iraq Oil Report's network of reporters and contacts.

- Iraq Oil Report - US

The Bullish Case For Oil Is Fading Fast.

Oil prices took another dip on Monday, and with WTI down to $49 per barrel, crude oil has given up most of the gains that it had made so far this month, taking prices down to their lowest levels since late March. Major investors are also losing a bit of confidence in oil's comeback. Hedge funds and other money managers ...

- OilPrice.com - US

Production stops falling as Iraq claims OPEC compliance.

After steep reductions in January and February, the Oil Ministry appeared to take its foot off the brakes in March.

- Iraq Oil Report - US

Path to Jones Act change faces political balancing act: Fuel for Thought.

On January 18, the US Customs and Border Protection released a 30-page general notice which could eliminate exemptions to the Jones Act. What chance the new administration will push forward a change opposed by API?

- Platts.com - US

As Conflict Rages On, Russia Lands Oil Deals In Syria.

Russia's brazen confidence in its victory in propping up Syrian President Bashar Al Assad's once-failing regime grows day by day, as evidenced by Moscow's latest oil deals with the Syrian government. Sputnik news reports that Russian Deputy Prime Minister Dmitry Rogozin visited Damascus in November to get the ball rolling ...

- OilPrice.com - US

IEA: Oil market already close to balance.

It can be argued confidently that the market is already very close to balance, and as more data become available this will become clearer, the International Energy Agency said in its monthly Oil Market Report for April.

- OGJ - US

Islamic State attacks Iraq police base, 1 killed.

Iraqi officials say Islamic State militants have attacked a police base in a town that is being used as a staging ground for the Mosul offensive, killing at least one policeman. Cpt. Mahmoud Attia, a police spokesman, told The Associated Press that a sleeper cell of three IS fighters attacked the base Sunday in Hamam

- Iraq Oil Report - US

Is Australia The Next Big Thing In Shale?.

As natural gas prices have seen a bit of a correction, it's easy to forget that natural gas is actually a pretty good play right now — at least in certain parts of the world. As the chart below shows, North American natgas prices have been uninspiring recently. With rates at the Henry Hub slipping back to near $3/mcf ...

- OilPrice.com - US

Huge crowds of Shiite faithful throng Baghdad shrine.

Hundreds of thousands of Shiite faithful thronged the mausoleum of Imam Kadhim in Baghdad Sunday for the climax of a week-long pilgrimage that saw millions converge on the Iraqi capital. Beating their heads and chests, crowds of pilgrims lurched and swerved to try to touch a mock coffin being carried to the shrine in the

- Iraq Oil Report - US

Gas Prices In North Korea Shoot Up 83% As China Mulls Oil Embargo.

Gasoline prices in North Korea's capital Pyongyang jumped by as much as 83 percent within three days on the back of reports that China is mulling over an oil embargo for its unruly neighbor. North Korea imports almost all the oil it uses from China, so an embargo will effectively paralyze the country, even if Pyongyang ...

- OilPrice.com - US

This South African Gold Miner Just Declared War On Illegal Miners

Small-scale mining is a growing issue across Africa. With regulators in Ghana this week making their first moves to shut down artisanal operations — part of an emerging campaign against environmental damage. And in Africa's top gold-producing nation, South Africa, things are getting even more serious. With one of the ...

- OilPrice.com - US

API lists emissions requirements it would like EPA to review

The American Petroleum Institute said it would like to see the US Environmental Protection Agency review requirements to limit emissions from new oil and gas operations, quotas under the federal Renewable Fuel Standard, and implementation of ground-level ozone controls under National Ambient Air Quality Standards.

- OGJ - US

Parco lets contract for Mid-Country refinery

Pak-Arab Refinery Ltd. , Karachi, has let a contract to Honeywell UOP LLC and Honeywell Process Solutions , both divisions of Honeywell International Inc., to provide process technologies and advanced automated controls for a project designed to increase output of cleaner transportation fuels from its 4.5 million-tonne/year ...

- OGJ - US

Azeri Absheron Gas Field Could Start Production At End-2019

Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020.

- Rigzone.com - US

Federal court postpones arguments in EPA ozone limits lawsuit

A federal appeals court postponed arguments in a 2015 lawsuit challenging the US Environmental Protection Agency's then-recently imposed lower ground-level ozone limits while the agency reviews its regulations in response to a presidential executive order .

- OGJ - US

In the midst of Iraq's war against Islamic State, a bicycle culture takes root

Biking through the rubble-choked streets of this besieged city's west side, Mohammed Kamal Mahmoud paused to explain his family's criteria for venturing out aboard its battered, mud-caked, three-speed cycle. When the airstrikes are heavy, we are not driving it around,' the mechanic said. As he spoke, Iraqi military ...

- Iraq Oil Report - US

Ask the Careers Editor: Future Career Paths and Applicant Tracking Systems

In this first installment of the "Ask the Careers Editor" series, we answer questions about planning your future career path and how to make sure your resume passes the applicant tracking system.

- Rigzone.com - US

Kashagan production said to be on target

Production at giant Kashagan oil field in the Caspian Sea off Kazakhstan is on track to reach a targeted 370,000 b/d by yearend.

- OGJ - US

Canada delays methane-emission regulation

The Canadian government is delaying by 3 years the start of a crackdown on methane emissions by the oil and gas industry.

- OGJ - US

OGJ Newsletter

International news for oil and gas professionals

- OGJ - US

Unipetrol’s Litvinov refinery due energy study

Unipetrol RPA SRO-Rafinerie, the refining arm of Unipetrol AS and parent company Polski Koncern Naftowy SA , has let a contract to Finland’s Neste Jacobs Oy to perform a comprehensive study of the 5.4 million-tpy refinery in Litvinov, Czech Republic.

- OGJ - US

Azeri, Saudi Energy Ministers To Discuss Extension Of Oil Output Cuts

Azerbaijan's energy minister, Natig Aliyev, says he will discuss a possible extension of the global oil output cut deal at a meeting with his Saudi counterpart on Wednesday.

- Rigzone.com - US

Nigeria Continues To Claw Back Money From Oil-Sector Players

Nearly three and a half years after the Berne Declaration published its explosive report, Swiss Traders' Opaque Deals in Nigeria,' alleging billion dollar fraud in oil trades and the controversial crude oil for petroleum products swap program, President Buhari's government announced in March 2017 that it had reached a ...

- OilPrice.com - US

5 Mining Stocks To Watch As Commodity Prices Surge

Precious and industrial metals have rallied as the dollar dives and global chaos rules the day. So, if you have stayed away from mining this year, it's time to rethink your investment strategy. Following the U.S. airstrike on Syria, precious metal prices have soared while industrial metals have been loving life since the ...

- OilPrice.com - US

Iran Ranks As No. 2 Oil Supplier To S. Korea First Time For A Quarter

Iran ranked as South Korea's 2nd-biggest oil exporter over the first 3 months of 2017 as it ramped up output to regain market share after sanctions were lifted last year.

- Rigzone.com - US

Report lists consequences without more gas pipelines in US Northeast

A lack of interstate natural gas pipelines in the US Northeast has led to some of the nation’s highest electricity costs, and the situation will become worse if more are not built, the US Chamber of Commerce’s Institute for 21st Century Energy warned in an Apr. 24 report.

- OGJ - US

Watching Government: Policies, priorities, and patience

Oil and gas association officials were in a peculiar environment as spring belatedly arrived in Washington, DC. Signals from the new administration remained positive, especially compared with those toward the end of Barack Obama's presidency.

- OGJ - US

MARKET WATCH: NYMEX oil price drops below $50/bbl

The light, sweet crude oil prices for June delivery fell more than $1 on the New York market Apr. 21 to settle under $50/bbl while Brent crude oil for June delivery also fell by more than $1 to close under $52/bbl.

- OGJ - US

BPCL commissions unit at Mumbai refinery

India's state-owned Bharat Petroleum Corp. Ltd. has completed conversion of the catalytic reforming unit at its 12 million-tonne/year Mumbai refinery into a light naphtha isomerization unit as part of the refiner's program to comply with the Indian government's nationwide mandate of producing 100% Bharat Stage 4 fuels, ...

- OGJ - US

Undiscovered Oil, Gas Resources in Barents Sea Double

The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to the Norwegian Petroleum Directorate's new calculations.

- Rigzone.com - US

Scottish Students Make ROV Competition Final after Winning Regionals

Pupils from Keith Grammar School win a regional heat in Scotland for an annual competition which sees students design, build and test underwater robots.

- Rigzone.com - US

Oil pipeline accidents fell 10% in 2016, joint report says

The number of US crude oil and petroleum product pipeline accidents in 2016 fell 10% from the previous year’s level, the American Petroleum Institute and Association of Oil Pipe Lines jointly reported in their 2017-19 Pipeline Safety Excellence Strategic Plan and 2016 Performance Report on Apr. 24.

- OGJ - US

Saudi King Sacks Three Ministers, Reinstates Public Service Perks

Saudi Arabia's King Salman has decreed several sweeping changes to the government and has reinstated perks for civil servants that were removed last year amid the low oil prices. Now, Saudi state media report, budget revenues for the first quarter have turned out higher than expected, which has made the move possible. The ...

- OilPrice.com - US

Mnuchin statement rejects ExxonMobil bid for Russia sanctions waiver

The Trump administration will not be issuing waivers to ExxonMobil Corp. and other US companies authorizing oil and gas drilling currently prohibited by sanctions against Russia. US Treasury Sec. Steven T. Mnuchin’s Apr. 21 statement came following reports days earlier that the US multinational oil company sought ...

- OGJ - US

Indian territory oil history

Most Oklahomans know the history behind the title given to the city of Tulsa: Oil Capital of the World. Major oil strikes were made before the surrounding territory was even granted statehood.

- OGJ - US

Iraq Begins Final Expansion Phase At Halfaya Aiming To Double Output

Iraq launches the 3rd and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000 barrels per day.

- Rigzone.com - US

Iran & Total To Finalize Gas Deal Within A Month

France's oil major Total SA will likely finalize the deal for the development of a large natural gas project in Iran in less than a month, having seen some positive' signs from the U.S. concerning the sanctions on Iran, Iranian news agency ISNA quoted Iran's Deputy Oil Minister for International Affairs and Trade, Amir ...

- OilPrice.com - US

Sri Lanka's Oil Firm Workers Call Off Strike Over India Deal

Workers at Sri Lanka's state-run oil firm Ceylon Petroleum Corporation calls off a strike.

- Rigzone.com - US

Andalas Could Become 'Material Player' in Indonesia Gas to Power Outlook

Andalas Energy and Power Plc, in collaboration with Pertamina, has identified a further 2 gas fields in central Sumatra suitable for wellhead IPP development.

- Rigzone.com - US

OPEC's fragile supply

Violent protests in Venezuela and resurgent militancy in Libya provide troubling reminders about the wretched method of limiting oil supply.

- OGJ - US

Rescuing The Last Two Animals At The Mosul Zoo

Mosul's forlorn little zoo, a collection of rusted cages in a park near the Tigris River, was abandoned by its keepers in October, as the Iraqi Army began to liberate the city from the Islamic State. For three months, the zoo was a staging ground for isis fighters. More than forty of the zoo animals

- Iraq Oil Report - US

Feasibility Study For Rosneft/Exxon Russia LNG Plant Seen By Mid-2017

A feasibility study for a liquefied natural gas plant in Sakhalin, designed by Russia's Rosneft and USA's ExxonMobil, should be ready by the middle of 2017.

- Rigzone.com - US

Alberta Energy Minister Sees Rosy Oil Sands Future, Despite Big Oil's Departure

Domestic interest in Alberta's oil sands is returning, even as international companies are withdrawing their stakes in Canada's oil sands, according to the province's Energy Minister Marg McCuaig-Boyd. It is business as usual' for multinational oil firms to change the profiles of their assets according to short or ...

- OilPrice.com - US

Barents Sea Oil Reserves Twice As Big As Previously Thought

The Norwegian Petroleum Directorate said on Tuesday that its latest estimates show that the undiscovered oil and gas resources in the Barents Sea are twice as large as previously thought, drawing criticism from green groups over potential opening up of drilling in sensitive iced areas. The NPD has recently mapped the ...

- OilPrice.com - US

Could Lack Of Transparency Hurt Aramco's Trillion Dollar Valuation?

Saudi Aramco's IPO, slated to raise between $100 billion and $400 billion from a 5 percent stake in the company, will continue to make headlines until its launch. Lately, discussions on the valuation of Aramco have been intense, and the jury is still out regarding an exact price. Aramco's IPO will be a game-changer, ...

- OilPrice.com - US

Why EV's Aren't Winning The Race From Hybrids Yet…

The Ford Fusion Hybrid knocked the Prius out of the top spot for the first time in U.S. sales during January and March. That's reflected more market competition and an overall hybrid sales decline in the U.S. since gasoline prices took a dive in 2014 and stayed down. Compared to that pivotal year, U.S. hybrid sales were ...

- OilPrice.com - US

CEO: Another Year of Activity Decline in 2017

Another year of decline in oil and gas activity is expected in 2017, according to Amec Foster Wheeler's CEO Jonathan Lewis.

- Rigzone.com - US

Op-Ed: Will OPEC Production Cuts Fail?

OPEC complies with its production cut deal, but one month before the cartel returns to Vienna to consider an extension, crude oil's march toward market stability and a $65 per barrel price point is slow.

- Rigzone.com - US

China To Boost Non-Fossil Fuel Use To 20% By 2030

China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030.

- Rigzone.com - US