WASHINGTON, D.C. -- The American Petroleum Institute has published new guidelines for the design, manufacture and use of subsea capping stacks, equipment designed as part of industry’s emergency preparedness in the event of a spill at a wellhead on the ocean floor.
THE WOODLANDS, Texas (Bloomberg) -- Anadarko Petroleum Corp., the global explorer under investor pressure to grow after paying almost $10 billion in legal claims since 2011, beat second quarter profit estimates and raised growth forecasts as output rose to a record.
WASHINGTON D.C. – The White House and the Department of Energy hosted the fifth in a series of meetings on reducing methane emissions from natural gas systems. Following the meeting, Secretary of Energy Ernest Moniz announced several new initiatives as DOE’s part of the larger administration strategy to reduce methane emissions.
BRUSSELS (Bloomberg) -- Some of the world’s biggest energy companies could see as much as 5% of their revenue disappear amid sanctions that shut them off from the Russian energy frontier.
OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash. Chesapeake will repurchase $1.26 billion of preferred shares of its CHK Utica unit that burned through $75 million a year in dividends, enough to drill more than a dozen shale wells, the Oklahoma City-based company said in a statement.
LONDON -- Petrofac has secured a contract with the BP-operated Shah Deniz 2 project to provide their maintenance build capabilities. The contract, valued at around $8.5 million (£5 million), covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea for what is one of the largest gas developments in the world.
LAFAYETTE, Louisiana -- Variable Bore Rams has expanded with a new distribution center in Midland, Texas, President Hines M. “Chip” Marshall Jr. announced.
MILAN, Italy -- Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offshore activity and refer to four different units of Saipem’s fleet.
NEW YORK (Bloomberg) -- West Texas Intermediate crude traded near the lowest level in almost two weeks before data on fuel supplies and economic strength in the U.S., the world’s biggest oil consumer. Brent was steady in London.
HOUSTON -- Cameron announced that it has received an order from Freeport-McMoRan Oil & Gas LLC to supply a 20,000-psi blowout preventer stack.
SUGAR LAND, Texas -- FairfieldNodal has announced that Sam Moharir has joined the company as the senior director of system sales, reporting to Walter Pharris, FairfieldNodal’s president and CEO.
BERGEN, Norway -- Dolphin Geophysical attended the naming ceremony of the 7-Oceans new build seismic guard vessel in Maaskant Shipyard, Holland, on July 25. This is the first of three new build seismic guard vessel Dolphin will take on long term charter (4 years plus) with Rederij Groen.
GALVESTON, Texas (Bloomberg) -- The Iraqi Oil Ministry persuaded a U.S. judge to issue an order for the seizure of more than $100 million of oil in a tanker waiting off Galveston, Texas, that it claims was illegally pumped from wells in Kurdistan. Kurdish officials “misappropriated” more than 1 MMbbl of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed on July 28 in federal court in Houston.
LONDON (Bloomberg) -- BP Plc, the UK oil company with the single-biggest foreign investment in Russia, warned that more sanctions against the country could hurt its business. BP, with a 20% stake in OAO Rosneft, stands to lose the most from further sanctions in response to the country’s annexation of Crimea.
SURREY, British Columbia -- FortisBC Energy Inc. (FortisBC) reported that it has selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (the Project).
LEATHERHEAD, Surrey -- Sound Oil, reported that first gas was delivered from the onshore Casa Tiberi field, located in the Marche Region of Italy, to the local gas distributor on 28 July 2014. The initial production rate was 9,600 Scmd (0.34 MMscfd) from the Lower Pliocene Cellino formation.
STAVANGER, Norway -- On 28 July the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea.
OSLO, Norway -- The PGN FSRU Lampung project offshore Indonesia reached an important milestone 21 July 2014 when the unit, along with its associated mooring and pipeline to shore was deemed mechanically complete and commenced commercial operation for its client Perusahaan Gas Negara (PGN). The PGN FSRU Lampung further completed receiving its first cargo of LNG through a Ship-To-Ship (STS) transfer on 27 July, and has now entered its final commissioning phase. The contract with PGN is for 20 years.
WEST PERTH, Australia -- WHL Energy Limited (WHL Energy) reported the 1,528 sq km Junon 3D seismic survey has been completed. The specialist seismic acquisition vessel M/V Polar Duchess contracted by Ophir Energy Plc (Ophir Energy), operator of the jointly held Seychelles exploration blocks is demobilising from the survey area.
WELLINGTON, New Zealand -- Cameron Madgwick has been appointed as the Petroleum Exploration and Production Association’s new CEO.