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Profiel Oiltraining B.V.

Oiltraining.nl is in 2002 opgericht door Paul Deelen. In 2010 is de directie van Oiltraining B.V. uitgebreid met Ton Visser. Ton Visser was vanaf 1985 uitgebreid werkzaam in en voor de olie, gas en chemische industrie op het gebied van raffinaderij en chemie-operations en opslag/blending, veiligheid en milieu. Ook is Ton Visser een expert op het gebied van marine gasolie en zware stookolie. Eind 2022 is Paul Deelen met pensioen gegaan en bestaat de directie van Oiltraining B.V. uit Ton Visser.

Alle trainingen van Oiltraining B.V. kenmerken zich door een hoge mate van praktijkgerichtheid, zeer toegankelijk voor een brede doelgroep en een hoge kwaliteit.

Check out the latest oil industry related news

07-10-2024: The ESG perspective: The methane problem There has been significant emphasis on methane by the EPA lately. Simultaneously, there are many groups filing applications asking for the Supreme Court to intervene and stop some of these new rules. This adds a new level of complexity to the issue of measuring, monitoring, quantifying and reporting of methane emissions. So, let’s talk about some of this complexity.
07-10-2024: Drilling advances: What is the Performance Twist-Off cost? Continuing with the story from in prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
07-10-2024: To frac, or not to frac, that is the question What have we learned in exploration from working, not just to find commercial hydrocarbons, but also to understand fluid dynamics among fossil fuels, waters and other gases? Apparently, a lot.
07-10-2024: Global activity looks solid and is increasing International activity is maintaining leisurely growth, while the U.S. continues to lag. Global oil production was up slightly in 2023, with stronger gains in the Americas. Offshore activity is buoyed by continued success in areas like Guyana, Suriname and Namibia.
07-10-2024: U.S. drilling decreases on shale consolidation, technical advancements following record production After a year of upstream growth and success in 2023, operators are reducing costs, rig activity and drilling time in an effort to boost domestic energy security while returning cash to shareholders.
07-10-2024: Industry continues to prove itself despite regulatory interference Optimism is slowly returning to the Canadian oil and gas sector, as global economic forces finally appear to be outpacing the misguided climate policies of the nation’s beleaguered federal government.
07-10-2024: General Bond Log Interpreter completes interpretation, based on standardized rules and data formats The General Bond Log Interpreter (GBLI) is capable of interfacing with all cement bond logging tools and performing automated interpretation at >90% accuracy.
07-10-2024: First oil: Muddling through the rest of 2024 with enthusiasm for 2025 Based on the numbers our forecast, along with some anecdotal evidence from talking to industry professionals, I think it’s fair to say that the upstream industry is maintaining the status quo for the remainder of 2024, with great enthusiasm building for 2025.
04-10-2024: Understanding the impact of maintenance and reliability on ROI By looking at inter-related metrics and how they impact the bottom line, experts can help deliver an improvement in maintenance strategies that may have traditionally been done using an “open and inspect process” on field operations and equipment—both of which are labor-intensive and higher-risk.
04-10-2024: Automated iron roughneck and advanced robotics system enhance rig floor operations New equipment automation advancements remove personnel from the red zone, improving safety, consistency, and efficiency.
04-10-2024: Decarbonizing drilling operations using more efficient electrical utility power Electrification has proven to be effective in lowering costs and the carbon footprint of drilling operations. This article provides technical analysis of highline (grid) power utilization on rigs through the lens of an innovative technology that connects a rig to a power grid, reducing Scope One emissions to nearly zero.
04-10-2024: Faster drilling speeds drive savings and efficiency in the oil patch Operators are under great pressure to increase operational efficiencies, and drilling faster is key. However, pushing drilling equipment harder can be risky, as expensive components can be damaged by vibrations. Mitigating drilling dysfunctions caused by near-bit vibrations is crucial to increasing weight on bit (WOB), which leads to gains in ROP without compromising the drill bit or damaging the BHA.
04-10-2024: EY says U.S. E&P fared well in 2023 while ESG reporting increased further As exploration and development activity increased in 2023, so did capital expenditures and mergers and acquisitions. Oil and gas companies have continued to increase their voluntary ESG disclosures.
03-10-2024: Strange things happen: EU – Europe’s Utopia, and the UK Europe proceeds on the path to net zero carbon emissions, joined by post-Brexit UK. Not going to meet 2030 emission targets, the EU Commission doubles down, setting stricter targets for 2040. Post-Brexit UK intends to phase out all fossil fuel use by 2050.
03-10-2024: Dallas Fed: Pace of activity in U.S. upstream shows little movement The rate of drilling and production among operators in Federal Reserve District 11 during the second quarter remained little changed from the first quarter. Amid regulatory uncertainty and unpredictable economics, companies are biding their time until the U.S. election.
03-10-2024: Management issues: Oil States pursues bullish technology push In the belief that its growth and ability to gain market share are tied in with technology, Oil States has pursued a deliberate path of technical innovation that has seen the firm win seven OTC Spotlight on New Technology awards in recent years.
03-10-2024: Integrating digital transformation with decarbonization in the upstream sector Discover how digitalization drives efficiency and sustainability in the upstream oil and gas industry. This article introduces insights and solutions for companies by showcasing a real-world use case that demonstrates the practical applications of digital transformation in saving energy and emissions.
03-10-2024: Regional Report – The Arctic: Activity ramps up Arctic oil and gas investments are shaped by a dynamic interplay of regulatory approvals, geopolitical factors, and stringent environmental safeguards, with future developments contingent on political outcomes and market adaptations to environmental and energy transition pressures.
03-10-2024: From potential to progress: The role of digital solutions in advancing Africa’s NOCs Digitalization is set to revolutionize African national oil companies (NOCs) by overcoming infrastructural, regulatory, and political challenges. By investing in tailored digital solutions and developing local talent, NOCs can significantly boost efficiency, decision-making, and production, contributing to their nations' economic progress.
03-10-2024: IPAA celebrates 95 years of achievement in representing independents Part 1: Since 1929, the Independent Petroleum Association of America (IPAA) has advocated for, protected and defended thousands of independent producers. As the association nears its 95th Annual Meeting in October, this first of two articles examines its initial 65 years.
03-10-2024: Extending offshore platform life by producing renewable crude oil from seaweed Seaweed biomass from the ocean can be converted to bio-crude oil to supplement declining output from depleting oil fields. The process may extend production platforms’ useful lives. It also can control sargassum blooms in the Atlantic, while providing bio-crude oil to U.S. refineries, as feedstock.
03-10-2024: Dependably meeting demand: A future-focused approach for Norwegian oil and gas operations Learn how a collaborative approach enables operators to meet immediate maintenance requirements in addition to future needs, unlocking reliability, efficiency, and other benefits.
03-10-2024: Industry at a Glance Oil prices rose slightly again in July, following lower final numbers for June’s prices. Future compiled prices for August were predicted to be lower, however.
03-10-2024: Embracing the energy reality: Navigating the complex path to a sustainable future In recent years, the global energy landscape has undergone a seismic shift. From the pre-pandemic era of "energy duality," which emphasized both affordable and cleaner energy, we have navigated through the turbulence of the pandemic and geopolitical upheavals, such as the conflict in Ukraine.
03-10-2024: Water management: Necessity is the mother of invention This week in Midland, Texas, the Produced Water Society (PWS) held their annual Permian Basin Conference and, as usual, the topics and discussion didn’t disappoint. One of the most covered topics was the desalination of produced water and the potential uses from discharge to beneficial reuse.
03-10-2024: Interface fluidics With hydraulic fracturing, especially in unconventional wells, the industry has moved to the “well factory” approach. I used to call that the “cookie cutter” approach, which in my mind is the same thing, but as with many (or all) industries, terminology is developed to paint a positive picture or even one suggesting advancing technology rather than stagnation.
03-10-2024: Optimism about industry’s future exuded by attendees at two trade shows in Houston It was refreshing to attend two very different trade shows during this month and come away with a sense of optimism from the attendees at both of them. It’s easy to be pessimistic about the U.S. market, since it has been flat more most of 2024, and wonder whether international and offshore activity can carry the day.
02-10-2024: FERC finds for Williams in dispute over Texas to Louisiana pipeline The Federal Energy Regulatory Commission (FERC) rejected Energy Transfer LP’s bid to halt ongoing construction of Williams Cos.’ 1.8-bcfd Louisiana Energy Gateway natural gas pipeline.
02-10-2024: Surge Energy to promote Guidry to CFO as Welch plans retirement Surge Energy will promote Travis Guidry to CFO next year as James Welch plans retirement.
02-10-2024: SandRidge Energy names new CFO, chairman Vincent Intrieri has been named chairman of SandRidge Energy as Jonathan Frates steps into the role of EVP and CFO.
02-10-2024: EIA: US crude inventories up 3.9 million bbl US crude oil inventories for the week ended Sept. 27 increased by 3.9 million bbl from the previous week, according to data from the US EIA.
02-10-2024: Petrobras to acquire Orange basin deepwater stake Petrobras agreed to acquire from TotalEnergies a 10% stake in the Deep Western Orange Basin block in South Africa.
02-10-2024: Summit Midstream to acquire Tall Oak Midstream III in $450-million deal Summit CEO Deneke said the deal shifts the company’s commodity exposure to a more equal weight of oil and natural gas-oriented drilling as the company expects natural gas demand to grow considerably.
01-10-2024: Apache names McDaniel VP, country manager of Egypt assets Apache Corp. has named Greg McDaniel as vice-president and country manager of the operator’s Egypt assets.
01-10-2024: Rystad Energy: Cost of new upstream oil projects rises further The cost of developing new upstream oil projects is continuing to rise as inflationary pressure and supply chain woes endure.
30-09-2024: Mozambique Rovuma Venture lets modular LNG design contract ExxonMobil has let another contract in support of the Rovuma LNG Phase 1 project in Mozambique.
30-09-2024: Prio to acquire Campos basin asset interest Prio SA has agreed to acquire a 40% interest in Peregrino and Pitandola fields offshore Brazil.
30-09-2024: Chevron-Hess merger clears FTC antitrust review To facilitate completion of the merger, Hess and Chevron have agreed that Hess chief executive officer John Hess will not be appointed to the Chevron board of directors.
30-09-2024: Industry ‘concerned’ after lackluster Wyoming lease sale The US BLM received only four bids on two parcels during its Sept. 25 lease sale in Wyoming, leaving industry leaders concerned about the future of drilling on public lands there.
27-09-2024: Helene spares Gulf of Mexico production, demand concerns remain Tom Seng, EdD, provides a weekly analysis of oil and gas markets. Dr. Seng is Assistant Professor of Professional Practice in Energy, Ralph Lowe Energy Institute, Neeley School of Business, Texas Christian University.
27-09-2024: TotalEnergies expands US natural gas production, acquires additional Eagle Ford interest TotalEnergies has agreed to acquire from Lewis Energy Group a 45% interest in dry gas producing assets owned and operated by Lewis Energy in the Eagle Ford basin in Texas.
26-09-2024: Saudi Arabia may abandon $100 crude target to take back market share Saudi Arabia is preparing to abandon its informal target of $100/bbl for crude oil.
26-09-2024: BSEE: 25% of GoM oil production shut-in ahead of Helene BSEE estimates that about 25.25% of the current oil production is shut-in, down from yesterday's report of 29.18%.
25-09-2024: BSEE: 29% of GoM oil production shut-in as Helene intensifies in the Gulf of Mexico The storm intensified Wednesday, Sept. 25, and is expected to hit Florida’s Big Bend region on Thursday, Sept. 26, possibly as a major Category 3 hurricane.
25-09-2024: Dallas Fed survey: Uncertainty climbs but E&P spending plans holding up Two-thirds of respondents expect WTI’s price to end 2024 in the $70s.
25-09-2024: EIA: US crude inventories down 4.5 million bbl US crude oil inventories for the week ended Sept. 20 decreased by 4.5 million bbl from the previous week, according to data from the US EIA.
24-09-2024: Slideshow: Ruins of the São Boaventura convent preserved in Boaventura energy complex Petrobras initiated pre-commissioning activities for the new natural gas processing unit at its energy complex in Itaborai, Rio de Janeiro, Brazil, renamed to honor the ruins of the São Boaventura convent the company preserved inside.
24-09-2024: BSEE: 16% of GoM oil production shut-in as Helene moves toward northeastern Gulf Coast The US Bureau of Safety and Environmental Enforcement (BSEE) is monitoring offshore oil and gas operations in the US Gulf of Mexico as Tropical Storm Helene moves toward Florida.
24-09-2024: Diamondback, Kinetik increase ownership in EPIC Crude Diamondback, Kinetik, and EPIC Midstream Holdings LP have entered deals structured to “support growth and strengthen the financial profile” of EPIC Crude Holdings LP.
24-09-2024: PDO lets Oman service contract A Petroleum Development Oman contractor let a framework agreement to Worley Oman northern concession areas in Oman.
24-09-2024: Lime Petroleum to acquire additional interest in producing Yme field Lime Petroleum signed a deal with OKEA to add to its existing interest in the producing Yme field.
23-09-2024: Aramco lets $2-billion contract to Saipem Saudi Aramco has let an offshore contract under an existing long-term agreement to Saipem for development of Marjan field in Saudi Arabia.
23-09-2024: Oil, gas operators monitor tropical disturbance headed toward Gulf of Mexico Oil and gas operators are once again preparing as a tropical disturbance heads into the US Gulf of Mexico.
20-09-2024: Gastech 2024: NNPC seeks investors to revive Brass, Olokola LNG projects Nigerian National Petroleum Corp. (NNPC) are in talks with investors to revitalize two LNG projects in the country.
20-09-2024: Fed rate cut hikes oil, gas prices Tom Seng, EdD, provides a weekly analysis of oil and gas markets. Dr. Seng is Assistant Professor of Professional Practice in Energy, Ralph Lowe Energy Institute, Neeley School of Business, Texas Christian University.
20-09-2024: Petrobras awards flexible pipe contracts to TechnipFMC Petrobras has let subsea contracts to TechnipFMC for work on presalt fields offshore Brazil.
19-09-2024: Gastech 2024: Natural gas, LNG positioned to help address power demand, decarbonization trends Global power demand is expected to continue to rise and natural gas and LNG hold potential to aid in the provision of energy supply security while simultaneously working toward decarbonization targets.
19-09-2024: FERC Chairman: Court erred in tossing FERC OK of Transco’s Regional Access project The US Court of Appeals for the District of Columbia Circuit Court erred in its decision to throw out FERC's approval of Transcontinental Gas Pipeline's Regional Energy Access expansion project, Chairman Phillips said.
19-09-2024: Kimmeridge Texas Gas, Commonwealth LNG sign deal with Glencore Kimmeridge Texas Gas (KTG) and Commonwealth LNG LLC have entered into a heads of terms agreement with Glencore Ltd.
18-09-2024: August Russian oil exports at lowest level in 3 years Russian oil exports in August 2024 decreased by 290,000 b/d month-over-month (m-o-m) to 7 million b/d, according to analysis from the International Energy Agency.
18-09-2024: Rio Grande LNG, Texas LNG likely delayed as FERC anticipates new court-ordered EIS to take until November 2025 A court-mandated environmental study by the FERC will likely delay NextDecade’s Rio Grande LNG and Glenfarne Energy Transition LLC’s Texas LNG plants.
18-09-2024: Santos signs purchase agreement for Bayu-Undan Santos and TIMOR GAP executed a sale and purchase deed for the Bayu-Undan Upstream Project offshore Timor-Leste.
18-09-2024: Woodside, JERA sign 10-year LNG supply agreement Woodside has agreed to a 10-year deal with JERA to supply LNG to Japan.
18-09-2024: TotalEnergies signs long-term LNG supply deal with BOTAŞ TotalEnergies has signed a heads of agreement to supply LNG to Türkiye.
17-09-2024: Management issues: Get involved in plugging opportunities for orphaned wells Learn how orphaned wells came to be in the U.S. and how specific stakeholders can participate in well plugging initiatives made possible by federal, state and Tribal grant program funding.
17-09-2024: Gastech 2024: Woodside expects acquisition of Tellurian to close in October Woodside CEO Meg O'Neill said the company's acquisition of Tellurian is expected to close in October.
17-09-2024: Wildcat Petroleum enters MOU for South Sudan assets Wildcat Petroleum signed an MoU with Nilepet to collaborate on the acquisition of assets held by Petronas in South Sudan.
17-09-2024: Hunt farms out 15% interest in Peru LNG to MidOcean Energy Hunt Oil Co. has agreed to farm out a 15% interest in Peru LNG (PLNG) to MidOcean Energy.
16-09-2024: Federal court orders BLM to redo environmental assessment of Wyoming oil, gas project A federal district court froze development of a 5,000-well oil and gas project on federal lands in Wyoming after it determined the Bureau of Land Management may have underestimated that project’s impact on groundwater.
16-09-2024: Energy Transfer shuts portion of NGL pipeline on fire in La Porte Energy Transfer has shut down a portion of a natural gas liquid pipeline in La Porte, Tex., that caught fire Monday morning, Sept. 16.
16-09-2024: PetroChina, Staatsolie sign PSC for blocks offshore Suriname A subsidiary of China National Petroleum signed a production sharing contract for Blocks 14 and 15 offshore Suriname.
16-09-2024: China's oil demand slowdown raises questions about future global trajectory A slowdown in Chinese oil demand growth raises questions about the future global trajectory, IEA said.
11-09-2024: BSEE: 38% of GoM oil production shut-in as Hurricane Francine moves closer to Louisiana landfall Based on data from offshore operator reports submitted as of 11:30 a.m. CDT Sept. 11, personnel have been evacuated from a total of 171 production platforms, 46% of the 371 manned platforms in the Gulf of Mexico.
11-09-2024: EIA: US crude inventories up 800,000 bbl US crude oil inventories for the week ended Sept. 6, increased by 800,000 bbl from the previous week, according to data from the US EIA.
11-09-2024: EIA forecasts higher crude oil prices despite recent slump Despite a drop in the Brent crude oil spot price to $73/bbl on Sept. 6, the US EIA expects ongoing withdrawals to push prices back above $80/bbl this month.
10-09-2024: APA to divest ‘non-core’ Permian assets for $950 million APA Corp. agreed to sell certain producing properties in the Permian basin to an undisclosed buyer.
10-09-2024: bp lets drillship contract to Transocean for GoM work bp let a contract to Transocean for the Deepwater Atlas for work in the US Gulf of Mexico.
10-09-2024: Permian basin natural gas pipeline capacity set to increase Natural gas pipeline takeaway capacity in the Permian basin will soon increase as the 2.5 bcfd  Matterhorn Express Pipeline is expected to begin service this month.
10-09-2024: BSEE: 23% of GoM oil production shut-in as Tropical Storm Francine advances From operator reports, BSEE estimates that about 23.55% of the current oil production and 26.56% of the current natural gas production in the Gulf of Mexico has been shut-in.
10-09-2024: Newly formed Quantent Energy closes initial Haynesville gas asset acquisition Quantent Energy Partners completed an initial acquisition of Haynesville shale natural gas assets.
10-09-2024: Petro-Victory signs MoU to advance non-associated gas resource development in Brazil Petro-Victory entered into a memorandum of understanding with Eneva for development of non-associated gas resources in São João field, Barreirinhas basin, Maranhão, Brazil.
09-09-2024: Santos taps Duhe to succeed McKinnell as CFO Santos has appointed Sherry Duhe as chief financial officer following the retirement of Anthea McKinnell.
09-09-2024: QatarEnergy orders construction of six new LNG vessels QatarEnergy signed an agreement with CSSC for construction of six additional QC-Max LNG vessels.
04-09-2024: A game-changing single trip system for global deepwater completions A new multi-zone single trip system with an integrated barrier valve offers a comprehensive solution for offshore deepwater and ultra-deepwater sand-control completion needs.
04-09-2024: Enhancing well efficiency through gas lift in the U.S. with qualified oilfield chemicals When integrated as part of a cross-functional solution encompassing the downhole tool design, chemical delivery method, and automated gas injection rate controls, chemical packages qualified for the job at hand can help operators get the most out of their wells while ensuring long-term gas lift system operation.
04-09-2024: Saudi Aramco lets offshore EPCI contracts Saudi Aramco has let two offshore contracts to Saipem in Saudi Arabia under an existing agreement.
04-09-2024: S&P Global: OPEC+ production increase plans come amid market oversupply concerns Despite concerns about a potential market oversupply, OPEC+ is set to increase production due to a combination of foreign investor interests from without and the need for unity within.
04-09-2024: Edgewater to acquire certain refined products logistics assets in Houston Ship Channel from Shell Edgewater Midstream agreed to acquire the 100% interest in the Sinco pipeline system and the Colex East and West terminals in the Houston refining corridor from Shell subsidiaries.
04-09-2024: Crescent Energy adds to Eagle Ford position through deal with private operator The deal will add “low-decline oil production and high-quality acreage” adjacent to the operator’s existing Eagle Ford position.
04-09-2024: Shell Offshore lets multi-year contract to Helix for GoM well intervention services Shell Offshore let a contract to Helix Energy Solutions to continue providing well intervention services in the US Gulf of Mexico.
04-09-2024: NuVista Energy names Lawford to succeed Wright as CEO NuVista Energy has appointed Mike Lawford as president and CEO.
03-09-2024: Voyager Midstream acquires Haynesville area natural gas gathering, processing assets from Phillips 66 Voyager Midstream acquired certain Haynesville-area natural gas gathering and processing assets from Phillips 66.
03-09-2024: NFE’s Fast LNG receives DOE authorization for LNG export to non-FTA countries New Fortress Energy Inc. received authorization from the US Department of Energy to export up to 1.4 million tpy of LNG to non-Free Trade Agreement countries from its FLNG 1 asset offshore Mexico for 5 years.
03-09-2024: EIA: North America’s LNG export capacity to more than double by 2028 North America's LNG export capacity is on track to more than double to 24.4 bcfd by 2028 from 11.4 bcfd in 2023.
03-09-2024: Perenco to acquire asset package from bpTT offshore Trinidad and Tobago Perenco agreed to acquire certain mature gas fields plus undeveloped resources from another field from bp Trinidad and Tobago.
03-09-2024: Bonterra Energy appoints Johnson to succeed Thompson as CFO Bonterra Energy has named Scott Johnston to succeed Robb Thompson as chief financial officer.
03-09-2024: Mills takes on interim CEO role at Talos Energy following Duncan’s departure Talos Energy appointed board member Joseph Mills as interim CEO following Tim Duncan’s departure Aug. 29.
29-08-2024: Second-quarter 2024 earnings down from year ago on lower refining margins, gas prices A group of 53 US-based oil and gas producers and refiners reported combined net earnings of $26.96 billion in second-quarter 2024, down from earnings of $31.79 billion in the previous year's second quarter.
29-08-2024: US gasoline prices heading into Labor Day weekend lower than last year Approaching the Labor Day weekend, retail prices for all formulations of regular gasoline in the US averaged $3.31/gal on Aug. 26, 2024, 13% lower than a year ago, according to US EIA data.
29-08-2024: ONEOK to acquire Medallion, controlling interest in EnLink for $5.9 billion ONEOK agreed to acquire Medallion Midstream and controlling interest in EnLink Midstream from Global Infrastructure Partners.
28-08-2024: EIA: US crude inventories down 800,000 bbl US crude oil inventories for the week ended Aug. 23, excluding the Strategic Petroleum Reserve, decreased by 800,000 bbl from the previous week, according to US EIA data.
28-08-2024: Interior retains protections on Alaska public lands eyed during Trump administration The US Interior Department retained protections on 28 million acres of D-1 public lands in Alaska Aug. 27, reversing a Trump-era bid to allow oil and natural gas leasing on the land.
27-08-2024: Africa Oil aims to increase interest in Namibia’s Orange basin Africa Oil Corp. signed an agreement with three Impact Oil & Gast Ltd. shareholders to purchase an additional 7% interest in the company. If exercised, the option agreement would increase Africa Oil’s shareholding to 39.5%.
27-08-2024: Harbour expects Wintershall assets acquisition to close early September The company now expects to close the acquisition in early September versus its previous guidance of early in this year’s fourth quarter.
26-08-2024: NFPA® 70B: Step-by-step compliance A framework for helping office, industrial, and commercial buildings meet the latest requirements
26-08-2024: Trans Mountain names new CEO Trans Mountain Corp., Calgary, has appointed Mark Maki, currently Trans Mountain’s chief financial and strategy officer, to the role of chief executive officer, effective Sept. 1, 2024.
26-08-2024: Hibiscus farms in to large exploration block offshore Malaysia A Hibiscus Petroleum subsidiary has signed a farm-in deal for 30% interest in a production sharing contract for a block offshore Malaysia.
23-08-2024: Technical buying leads to late-week rally for crude, natural gas struggles Tom Seng, Ed.D., provides a weekly analysis of oil and gas markets. Dr. Seng is Assistant Professor of Professional Practice in Energy, Ralph Lowe Energy Institute, Neeley School of Business, Texas Christian University.
23-08-2024: Federal court throws out parts of new pipeline safety rule because of faulty cost-benefit analyses A federal appeals court told the Pipeline and Hazardous Materials Safety Administration to rewrite several sections of a major pipeline safety rule in effect since May 2023.
22-08-2024: Uganda expecting new oil in 2025 Uganda expects to produce first oil from Tilenga and Kingfisher fields in 2025 as it progresses projects across the energy sector.
21-08-2024: NextDecade scraps bid to build a carbon capture project at Rio Grande LNG plant CEO Matt Schatzman said the CCS project at Rio Grande LNG is "not sufficiently developed" to allow a review to continue.
21-08-2024: EIA: US crude inventories down 4.6 million bbl US crude oil inventories for the week ended Aug. 16 decreased by 4.6 million bbl from the previous week, according to EIA data.
21-08-2024: IEA revises refining margins calculation methodologies The International Energy Agency has updated refining margin methodology to better reflect changing refinery crude slates, energy-related costs, updated yield assumptions and product prices reflecting recent trends.
21-08-2024: TotalEnergies submits plans for Suriname development TotalEnergies submitted an environmental impact statement to develop oil reserves at Sapakara South and Krabdagu fields offshore Suriname.
21-08-2024: Enterprise to acquire Piñon Midstream for $950 million A company affiliate agreed to acquire Piñon Midstream for $950 million, expanding its natural gas processing footprint into the eastern flank of the Delaware basin.
19-08-2024: Diversified Energy closes deal with Crescent Pass The company said the acreage acquired provides opportunities for additional cost efficiencies.
19-08-2024: Petroborn, Pathfinder Energy sign MOU for collaboration in Brazil Petroborn and Pathfinder Energy will collaborate on resource exploitation potential onshore Brazil.
19-08-2024: Clearfork Midstream names new CFO Clearfork Midstream has named Brent Worthy as chief financial officer.
16-08-2024: Crown Point adds interest in Tierra del Fuego concessions Crown Point Energy Inc., Calgary, finalized an agreement with Petrolera El Trébol to increase its stake in three natural gas areas in southern Argentina.
16-08-2024: Argentina permits natural gas exports to Brazil via Bolivian pipelines Argentina’s Energy Secretariat has approved natural gas exports to the Brazilian industrial market using Bolivian pipeline infrastructure to reach the border at Corumbá in Mato Grosso do Sul.
16-08-2024: WoodMac: Iraq aims to ramp up oil, gas output By 2030, Iraq’s gas output could more than double to 4.4 bcfd, while oil output could hit 5.5 million b/d, but challenges remain.
15-08-2024: Strike Energy granted Perth basin production license Strike Energy Ltd. has been granted a production license for West Erregulla gas field in north Perth basin.
14-08-2024: ONE-Dyas obtains final permits for Dutch-German natural gas project The operator now holds all permits to develop N05-A gas field in the German part of the North Sea.
14-08-2024: EIA: US crude inventories up 1.4 million bbl US crude oil inventories for the week ended Aug. 9, excluding the Strategic Petroleum Reserve, increased by 1.4 million bbl from the previous week, according to data from the US EIA.
13-08-2024: IEA: Oil markets exhibit high volatility over recent weeks Oil markets exhibited high volatility in recent weeks on unexpected economic data, the International Energy Agency said in a recent report.
13-08-2024: S&P Global: US/non-OPEC+ oil production growth slowing Lower production growth outside OPEC+ will narrow the market surplus in 2025 but is still expected to outstrip global demand growth.
13-08-2024: Sasol appoints Bruns to succeed Rossouq as CFO Sasol has appointed Walt Bruns as chief financial officer and executive director of Sasol Ltd., effective Sept. 1, 2024.
12-08-2024: Journally Speaking: Mergers remain robust M&A activity is one strategy for companies looking to strengthen positions, diversify portfolios, and achieve operational efficiencies.
12-08-2024: Editorial: Good times, better times The US political season is in full swing. As part of this quadrennial dance, both the anti-regulatory hawks and the climate-change zealots are in full flight, with the oil and gas industry central to their attentions.
12-08-2024: 2023 OGJ100 earnings down on lower commodity prices Due to the decrease in commodity prices in 2023, the latest OGJ100 survey indicates that the financial performance of the group stayed solid for 2023 but declined compared with the prior year.
12-08-2024: OGJ50 firms report lower net income in 2023 on falling commodity prices In response to this dramatic reduction in the number of oil and gas companies, the OGJ150 report has evolved into the current OGJ50 report.
12-08-2024: Texas Alliance of Energy Producers names Ingham as new president The Texas Alliance of Energy Producers has appointed Karr Ingham as the organization’s president.
12-08-2024: Talos Energy acquires interest in Gulf of Mexico Monument discovery Talos will acquire a 21.4% interest in the Wilcox oil discovery and has added the project to its projected 2024 capital program.
12-08-2024: EIA: Global public company proved reserves mostly stable in 2023 Global proved crude oil and natural gas reserves of 175 publicly traded exploration and production companies rose by 2 billion boe in 2023.
06-08-2024: Grit, gigabytes, and tiny particles: What it takes to drill in West Texas today For one West Texas operator, the combination of advanced nanoparticle-based additives and digital technology delivered cost savings and predictable results.
06-08-2024: Integrating solutions delivers greater production and efficiencies for operators Through its Integrated Solutions effort, Baker Hughes is looking at effective, holistic strategies for improving the performance of existing oil and gas production assets.
06-08-2024: Reducing methane emissions in upstream oil and gas Leveraging a robust mitigation strategy of optimized maintenance and process control—enabled by instrumentation insight—the industry is able to reduce greenhouse gas emissions, while simultaneously increasing production.
06-08-2024: Frac sand’s incredible journey Frac sand and proppant supply have evolved massively over the past decade and are still changing rapidly, with new ideas and new techniques. As shale gas is developed around the world, these learnings will follow, to unlock tremendous value to global supply chains.
06-08-2024: Regional report: Guyana-Suriname: Rapid expansion of production continues During the past 12 months, Guyana and Suriname have started to become a fulcrum of energy development in the Americas. While they are both found in the same region, these two countries still have different oil and gas stories to tell. Major production growth is imminent in Guyana, while Suriname is still a few years away from first oil but with significant future potential from recent discoveries.
06-08-2024: Electric actuation in the Permian basin The Permian basin is the largest oil field in the U.S., but it is also one of the world’s biggest methane emitters. As producers come under pressure to cut emissions to tackle global warming, electric actuation can slash emissions, while making processes more efficient.
06-08-2024: Drilling advances and where they’re headed When it comes to performance regressing as activity increases, one way to advance drilling is to find better and more reliable ways to ensure that we transfer the know-how and skills we already have to new workers and new teams.
06-08-2024: Annular safety valves advance flexibility, reliability and safety in completion operations By combining RFID technology with premium packer performance and exceptional safety valve reliability, gas-lift wells can be operated with the highest safety standards for the life of the well, in the latest advancements in Annular Safety Valves (ASVs).
06-08-2024: Aker BP lets support contract to Oceaneering Aker BP has let an inspection, maintenance, and repair support services contract for vessels operating on the Norwegian Continental Shelf.
06-08-2024: Trace Midstream acquires Delaware basin gas gathering, transportation infrastructure Trace Midstream agreed to acquire the natural gas gathering and transportation assets in the Northern Delaware basin from LM Energy Delaware.
05-08-2024: NextDecade finalizes EPC contract for Rio Grande LNG Train 4 A NextDecade Corp. subsidiary executed a lump sum turnkey engineering, procurement, and construction contract with Bechtel for construction of Train 4 and related infrastructure at the Rio Grande LNG plant under construction in Brownsville, Tex.
05-08-2024: Civitas still ‘laser-focused’ on cutting costs Management has again trimmed its capex forecast for the year but also slightly lifted production targets.
02-08-2024: EOG increases guidance after better-than-expected second quarter Leaders expect cash operating costs to continue to improve.
02-08-2024: ExxonMobil affiliate inks deal to shed Fos-sur-Mer refinery, logistics assets Esso Societe Anonyme Francaise entered a formal deal to sell its Fos-sur-Mer integrated refinery southern France’s Provence-Alpes-Côte d'Azur.
02-08-2024: Chevron moving headquarters to Texas The energy major will will relocate its headquarters from San Ramon, Calif., to Houston, Tex., with certain leadership arriving by yearend.
01-08-2024: Ecopetrol says no to buying part of CrownRock from Occidental But the Colombian company still has route to purchase a stake via a joint venture.
01-08-2024: ConocoPhillips raises full-year capex on Willow development progress ConocoPhillips raised its full-year capital expenditures budget to the high end of guidance largely due to milestones at Willow development in Alaska.
01-08-2024: Hess arbitration-merits decision on Guyana block expected mid-2025 Dispute over Stabroek block first right of refusal following Chevron's offer to acquire Hess will continue well into 2025.
31-07-2024: Federal appeals court scraps FERC’s approval of Transco Mid-Atlantic expansion project A US court scrapped FERC's approval of Transcontinental Gas Pipeline Co.’s nearly $1 billion Regional Energy Access expansion project.
31-07-2024: Chesapeake curtailments, efficiency lead to trimming of capex forecast Chief executive officer Nick Dell’Osso said his team is ‘totally prepared’ to further cut production if price action warrants doing so.
31-07-2024: Ovintiv increases full-year production guidance following second-quarter results Ovintiv raised its production guidance for the second time this year after second-quarter production came in at the high-end or above guidance on products.
31-07-2024: EIA: US crude inventories down 3.4 million bbl US crude oil inventories for the week ended July 26, excluding the Strategic Petroleum Reserve, decreased by 3.4 million bbl from the previous week, according to data from the US EIA.
30-07-2024: Spirit Energy appoints Harrison as CFO Spirit Energy, Aberdeen, has named Nick Harrison as chief financial officer.
30-07-2024: Viaro Energy acquires certain Shell-ExxonMobil JV North Sea interests Viaro Energy, through operating subsidiary RockRose Energy Ltd., has acquired full ownership interest in certain UK Southern North Sea assets from Shell UK Ltd. and Esso Exploration and Production UK Ltd., an ExxonMobil Corp. subsidiary. 
29-07-2024: SandRidge Energy enters deal for producing assets in western Anadarko basin SandRidge has agreed to acquire certain producing assets and leasehold interests in the Cherokee play of the Western Anadarko basin..
29-07-2024: TotalEnergies exits South African blocks TotalEnergies EP South Africa BV will withdraw from Block 11B/12B off the Southern coast of South Africa.
29-07-2024: Vital Energy signs bolt-on deal with privately held Delaware basin operator Vital Energy Inc., in partnership with Northern Oil and Gas, agreed to acquire assets of Point Energy Partners.
29-07-2024: Permian Resources inks Delaware basin deal with Occidental Permian Resources Corp. agreed to acquire certain Delaware basin assets in Texas and New Mexico from Occidental for about $818 million through a combination of equity and debt.
26-07-2024: Petronas signs PSCs for clusters offshore Peninsular Malaysia Petronas signed production sharing contracts for three clusters of discovered resource opportunities offshore Peninsular Malaysia.
26-07-2024: Afentra acquires onshore Angolan asset Afentra signed an award for onshore Angola license KON 19 with ANPG.
26-07-2024: Pieridae sells Goldboro LNG project Pieridae Energy completed the sale of its shelved Goldboro LNG assets.
25-07-2024: Equinor lets platform drilling services contract for work offshore Brazil Equinor has let a 2-year contract for platform drilling services to Archer Ltd. in Brazil.
24-07-2024: Eni granted regulator consent for NAOC sale to Oando Eni received formal consent from the Nigerian Upstream Petroleum Regulatory Commission for the sale of Nigerian Agip Oil Co. Ltd. to Oando Plc.
24-07-2024: EIA: US crude inventories down 3.7 million bbl US crude oil inventories for the week ended July 19 decreased by 3.7 million bbl from the previous week, according to data from the US EIA.
24-07-2024: Petrobras lets presalt pipe contract to TechnipFMC Petrobras has let a flexible pipe contract to TechnipFMC for presalt fields offshore Brazil.
23-07-2024: NextDecade appoints Skeik as COO NextDecade Corp., Houston, has appointed Tarik Skeik as chief operating officer.
23-07-2024: Comet Ridge awarded Mahalo Far East Extension block Comet Ridge Ltd., Brisbane, has been awarded a new exploration permit in the Bowen basin of Queensland adjacent to the company’s Mahalo East and Mahalo Far East projects in Australia.
22-07-2024: Occidental in talks to sell 30% stake in CrownRock The company and Ecopetrol in 2019 launched a joint venture that gave each the right take part in some of the other’s acquisitions.
22-07-2024: Woodside to acquire Tellurian for ownership of permitted Driftwood LNG plant Woodside Energy has agreed to acquire Tellurian Inc. for the chance to own the fully-permitted, proposed Driftwood LNG plant in pre-FID development in Louisiana.
22-07-2024: Lebanon extends offshore licensing round deadline Lebanon has extended the deadline for its Third Offshore Licensing Round to Mar. 17, 2025.
19-07-2024: Tenaz Energy signs deal for Shell-ExxonMobil joint venture assets in Dutch North Sea Tenaz Energy agreed to acquire NAM Offshore BV from Nederlandse Aardolie Maatschappij, a 50/50 joint venture between Shell PLC and ExxonMobil Corp.
18-07-2024: US court rulings put oil leases on hold in Alaska, Wyoming, pending environmental reviews Two federal courts, in separate cases, ruled July 16 that US Interior Department agencies in Alaska and Wyoming could not issue oil and gas drilling permits until they conduct supplemental environmental assessments.
18-07-2024: Sempra signs EPC contract with Bechtel for Port Arthur LNG Phase 2 Sempra Infrastructure signed an engineering, procurement, and construction contract with Bechtel for the Port Arthur LNG Phase 2 project.
18-07-2024: Chevron farms out 20% interest in block offshore Suriname Chevron Corp. has agreed to farm out to QatarEnergy a 20% interest in a production sharing contract for block 5 offshore Suriname.
18-07-2024: Vertex names Haugh interim COO as Rhame plans retirement Current chief operating officer James Rhame will serve as a consultant to Vertex Energy until yearend after his retirement July 25.
17-07-2024: BW Energy to acquire interest in PEL 73 onshore Namibia BW Energy will receive a 20% non-operating interest in onshore Petroleum Exploration License 73 in northeast Namibia.
17-07-2024: EIA: US crude inventories down 4.9 million bbl US crude oil inventories for the week ended July 12, excluding the Strategic Petroleum Reserve, decreased by 4.9 million bbl from the previous week, according to data from the US EIA.
17-07-2024: Chappal Energies to acquire SPDC JV interest in Nigeria from TotalEnergies Chappal Energies Mauritius Ltd. has agreed to acquire from TotalEnergies EP Nigeria its 10% interest in SPDC joint venture licenses in Nigeria for $860 million.
17-07-2024: US federal court sends Commonwealth LNG approval back to FERC for rereview, threatening plant timeline Startup of Commonwealth LNG's proposed 9.5 million tpy plant in Cameron Parish, La., could slip after a US Court of Appeals told FERC to reevaluate approval of the project to include climate impacts.
17-07-2024: LLOG Exploration acquires additional deepwater Gulf of Mexico blocks LLOG Exploration has extended its position in the deepwater Western Gulf of Mexico with the acquisition of 41 blocks.
16-07-2024: Aramco lets offshore trunkline contract Aramco let contracts for two offshore projects in Saudi Arabia to Saipem under an existing long-term agreement.
16-07-2024: Shell appoints new country chair for Argentina, Chile, Uruguay Shell has appointed Germán Burmeister as senior vice-president and country chair for Argentina, Chile, and Uruguay, effective Aug. 1.
11-07-2024: IEA: World oil demand growth continues to decelerate World oil demand growth continues to decelerate, with 2Q 2024 growth dropping to 710,000 b/d year-on-year, marking the slowest quarterly increase since fourth-quarter 2022, according to the IEA’s July Oil Market Monthly Report.
10-07-2024: Rystad: Southeast Asia's offshore gas boom to hit $100 billion by 2028 Offshore natural gas production in Southeast Asia is poised to unlock $100 billion of potential, thanks to a wave of planned FIDs expected to materialize by 2028, according to Rystad Energy’s latest analysis.
09-07-2024: Hurricane Beryl has minimal impact on US Gulf oil, gas operations Hurricane Beryl had minimal effects on the US Gulf Coast oil and gas industry. Marathon Galveston Bay Refinery advised the City of Texas City, Texas, that it had to flare due to a brief power disruption during the storm, but no other issues have been reported.
09-07-2024: WoodMac: Four questions answered on the future of oil demand Wood Mackenzie projects a 1.5 million b/d increase in global oil demand in 2024, with a sizable portion of this growth expected in the latter part of the year. Amidst ongoing efforts towards achieving net-zero emissions, the persistent high demand for oil prompts questions about its future trajectory.
09-07-2024: OPEC+ production closer to target than any time in 2024 OPEC+ June production was closer to targeted production levels than in any of the preceding months in 2024, only exceeding them by 53,000 b/d.
05-07-2024: Chevron, Shell monitoring Hurricane Beryl Chevron Corp. and Shell plc have evacuated personnel and shut in production as Hurricane Beryl continues its path toward the US Gulf of Mexico.
05-07-2024: Shell flags up to $2 billion in impairments for Singapore, Rotterdam plants Shell plc expects to record $1.5-2.0 billion in impairments for second-quarter 2024 associated with its Singapore and Rotterdam plants.
04-07-2024: ESP challenges in an EOR project after breakthrough: An analysis of continuous improvement for ESP designs towards the reduction of OPEX A special project explains the symptoms of each cause of ESP failure to determine ways to improve OPEX by tracking ESP failures, ranging from 90 days up to 900 days. It performs a detailed dismantle-and-failure analysis (DIFA), combining reservoir data, tear-down information, and sampling composition analysis, triggered evidence and patterns previously not identified.
04-07-2024: Oil and gas in the Capitals Update on the ASEAN offshore E&P threat picture: Temperature rising
04-07-2024: What's new in production There is more about oolitic aragonite than one might imagine
04-07-2024: Redefining oil & gas investments beyond conventional financial systems While the natural gas market faces challenges like oversupply and political barriers to exporting, the upstream sector presents unique investment opportunities by taking a fresh perspective that considers evolving global +demand, regional dynamics, ESG factors, and unlocking value through strategic adaptation and informed decision-making.
04-07-2024: Faster and better subsurface imaging for reservoir optimization This article discusses the significance of nodal technology for geophysical data acquisition in the oil and gas industry, and STRYDE’s participation in the world’s largest nodal survey in the Middle East.
04-07-2024: Well decommissioning: Simple solutions to complex problems Traditionally, barrier testing and subsequent validation by a technical authority can sometimes rely on personal observations and subjectivity. HydraWell looks to strike a successful balance of its values while pushing boundaries and inventing pioneering technologies that will transform well integrity management operations around the world.
04-07-2024: Explaining sand erosion in oil and gas production Part 2: Erosion, due to entrained sand, is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.
04-07-2024: Rethinking sand management for optimized production Over the past decade, FourPhase has gathered solids management data from more than 150,000 hrs of operation. Vast amounts of data yield completely new perspectives. Rather than viewing sand production as a challenge, we recognize its positive aspects in reservoir management. Producing sand can be positive for your well, if done in a controlled manner.
04-07-2024: Leveraging artificial lift to optimize production Artificial lift technologies, including rod lift systems, remain vital to allowing companies to maximize the ROI of older assets. Deeper, more complex, mature wells incur greater wear and tear, and upgrading rod rotators allows companies to extend rod lift systems’ operational life, minimize NPT and overall costs, and optimize production.
04-07-2024: New technology allays permanent magnet motor safety concerns, enables better ESP performance Operators that rule out powerful permanent magnet motors for artificial lift operations are constraining environmental and efficiency gains.
04-07-2024: Coated continuous sucker rod lowers RRP and PCP operating costs Thick, durable barrier coatings protect continuous rod from mechanical and corrosion damage, reducing rod fatigue failures, associated downtime, and operating costs.
03-07-2024: EIA: US crude inventories down 12.2 million bbl US crude oil inventories for the week ended June 28 decreased by 12.2 million bbl from the previous week, according to EIA data.
03-07-2024: Touchstone awarded additional exploration licenses onshore Trinidad and Tobago The Calgary-based operator is adding to its onshore licenses in Trinidad and Tobago.
02-07-2024: Gibson Energy appoints Philippon as president, CEO Gibson Energy Inc., Calgary, has appointed Curtis Philippon as the company’s new president and chief executive officer.
02-07-2024: Whitecap divests partial interests in Canadian gas processing infrastructure In separate deals, Topaz Energy and Pembina Pipeline agreed to acquire working interests in certain gas processing infrastructure in Canada from Whitecap Resources.
02-07-2024: ExxonMobil’s Esso signs contracts for licenses offshore Morocco Esso Exploration International signed two reconnaissance contracts with Morocco’s ONHYM.
02-07-2024: Federal court judge bans Biden administration LNG export pause, immediate impact unclear A US federal court judge in Louisiana on July 1 blocked the Biden administration’s pause on LNG export permits. The real-world impacts of the ruling remain uncertain.
01-07-2024: TotalEnergies, partners to review South Africa block options as partner withdraws TotalEnergies is currently reviewing options regarding its interest in Block 11B/12B offshore South Africa following CNR International's notice to withdraw.
01-07-2024: Woodside enters frame agreement with Baker Hughes to support Australian LNG operations Woodside Energy has entered into a 10-year services frame agreement with Baker Hughes in support of its LNG operations in Australia.
01-07-2024: Aramco lets contracts worth $25 billion to progress gas growth projects Saudi Aramco has awarded contracts worth more than $25 billion to support projects aimed at growing sales gas production.
01-07-2024: Origin Energy lets contract for Angry Jungle gas field Origin Energy let a FEED contract for a new natural gas compression station in Angry Jungle gas field, Queensland, Australia.
28-06-2024: Valeura suspends Wassana field production following MOPU inspection Valeura Energy suspended production at Wassana field offshore Gulf of Thailand after a crack was found within a leg of the mobile offshore production unit.
28-06-2024: SCOTUS limits power of federal government to regulate environmental, energy issues The US Supreme Court curtailed the power of federal regulatory agencies, including those responsible for environmental and energy policy, in a series of decisions issued as its term ends.
28-06-2024: Panama Canal traffic to increase as drought conditions ease Based on the present and projected level of Gatun Lake, the Panama Canal Authority launched an additional booking slot for Booking Period 2.
28-06-2024: SM surprises with $2 billion Uinta basin buy of XCL Northern Oil and Gas is participating in the planned purchase, which management said will add about 2 two years to SM’s inventory.
27-06-2024: FERC approves Venture Global’s CP2 LNG plant, Transco’s Texas to Louisiana line The Federal Energy Regulatory Commission issued a series of approvals on US LNG projects.
27-06-2024: Equinor lets all-electric production system contract for Fram Sør Equinor has let a FEED contract for a 12-well, all-electric subsea production systems project for Fram Sør field, offshore Norway.
27-06-2024: Hilcorp signs deal to acquire Alaska assets from Eni Hilcorp signed a deal to expand its portfolio of upstream assets in Alaska.
27-06-2024: Prax Group to acquire TotalEnergies’ West of Shetland upstream assets The Prax Group agreed to acquire TotalEnergies E&P UK Ltd.’s West of Shetland assets in the UK.
26-06-2024: TXO Partners to acquire assets in Greater Williston basin TXO Partners entered separate agreements to purchase assets in Elm Coulee field in Montana and Russian Creek field in North Dakota.
26-06-2024: EIA: US crude inventories up 3.6 million bbl US crude oil inventories for the week ended June 21 increased by 3.6 million bbl from the previous week, according to data from the US EIA.
26-06-2024: Some E&P firms reining in ’25 capex plans, Dallas Fed survey says Uncertainty, much of it from regulatory pressures, was a strong theme among those responding to the latest installment of the central bank’s questionnaire.
26-06-2024: TotalEnergies to operate block offshore Africa with new interest share TotalEnergies agreed to acquire interest in and operatorship of Block STP02, offshore Sao Tome and Principe.
26-06-2024: Fire hits Dangote’s Lekki refinery Dangote Petroleum Refinery and Petrochemicals Co. extinguished a fire at one of the plants of its 650,000-b/d integrated refining and petrochemical complex in southwestern Nigeria.
26-06-2024: HEYCO lets contract for work in Spain’s Viura field HEYCO Energy Group has let a contract to Odfjell Technology for onshore work in Europe.
25-06-2024: Targa Resources makes organizational changes Targa Resources has named Jennifer Kneale to serve as president, finance and administration. William Byers will join as CFO, reporting to Kneale.
24-06-2024: BLM fetches $34.4 million in high bids from New Mexico, Kansas lease sale The Bureau of Land Management (BLM) received $34.4 million in high bids during its most recent lease sale in New Mexico and Kansas.
24-06-2024: Murphy Oil seeks Côte d’Ivoire drilling start in a year ‘We can do a deal with anyone in the world today,’ chief executive Roger Jenkins recently told a bank conference about the company’s promising offshore blocks.
21-06-2024: Drilling advances Gauging how far drilling and productivity have come
21-06-2024: What's new in exploration Exploration excellence (persistence) = Namibia
21-06-2024: First oil Valves for every purpose
21-06-2024: Carlyle to acquire assets from Energean, aims to scale gas-weighted Mediterranean company Investment firm Carlyle agreed to acquire a portfolio of gas-weighted exploration and production assets in Italy, Egypt, and Croatia from Energean plc.
21-06-2024: Chevron, GEPetrol sign production contracts for blocks offshore Equatorial Guinea Chevron and GEPetrol have signed production sharing contracts for offshore Blocks EG-06 and EG-11.
21-06-2024: EU imposes first-ever sanctions on Russian LNG European Union countries agreed on package of sanctions against Russia, banning the re-export of Russian LNG within EU waters.
21-06-2024: Biden administration targets methane releases from oil, gas sector with $850 billion in grants The Biden administration will make available $850 million in funding for projects to slash methane emissions from oil and gas production.
21-06-2024: Petrobras anticipates early arrival of Maria Quitéria FPSO at Jubarte field Petrobras anticipates the FPSO's arrival in this year’s third quarter with production scheduled to begin in fourth-quarter 2024.
21-06-2024: Biden administration targets methane releases from oil, gas sector with $850 million in grants The Biden administration will make available $850 million in funding for projects to slash methane emissions from oil and gas production.
20-06-2024: The ESG perspective The never-ending ESG roller coaster
20-06-2024: Woodside signs frame agreement for producing Sangomar field offshore Senegal Woodside awarded frame agreements to DeepOcean to provide subsea inspection, maintenance, and repair services for Sangomar field offshore Senegal.
18-06-2024: Piñon Midstream secures EPA approval for CCS operations at Dark Horse Piñon Midstream received approval from the US EPA for its MRV plan for CO2 sequestration in its two acid gas injection wells at Dark Horse in the Delaware basin.
18-06-2024: Vår Energi extends gas supply contract with VNG Vår Energi will extended its agreement to deliver natural gas to VNG Handel & Vertrieb GmbH.
18-06-2024: KPO signs services agreement for development in Kazakhstan Karachaganak Petroleum Operating let a contract to Technip Energies for development of Karachaganak field in northwest Kazakhstan.
17-06-2024: Fitch Ratings: Credit metrics improve for oil field service companies Robust market fundamentals have resulted in improved credit metrics for oilfield service issuers, including by reduced leverage, expanded EBITDA margins, and enhanced free cash flow generation.
17-06-2024: PTTEP to acquire Wintershall’s interest in Abu Dhabi Ghasha concession PTTEP agreed to acquire a 10% participating interest in the Ghasha concession offshore Abu Dhabi.
17-06-2024: Dana Petroleum lets contract for Bittern field development Dana Petroleum let a contract to Subsea7 SA for Bittern field development in the UK North Sea.
14-06-2024: Sonatrach, Chevron sign MoU to discuss hydrocarbon development in Algeria Sonatrach and Chevron signed a memorandum of understanding to discuss possibilities for hydrocarbon resources development in Algeria.
14-06-2024: Peru plans to relaunch exploration in Candamo to increase gas reserves Peru's Ministry of Energy and Mines plans to relaunch hydrocarbon exploration in the Candamo Valley (Madre de Dios).
14-06-2024: Tallgrass Energy to gain full ownership of REX in deal with Phillips 66 Tallgrass Energy agreed to acquire Phillips 66's interest in Rockies Express Pipeline LLC.
14-06-2024: Hibiscus to acquire TotalEnergies’ Brunei subsidiary Hibiscus Petroleum Berhad, Kuala Lumpur, aims to increase the gas production share of its portfolio to almost 50% from 36% with the acquisition of TotalEnergies EP (Brunei) BV.
13-06-2024: QatarEnergy signs 10-year naphtha supply agreement with Haldia Petrochemicals QatarEnergy agreed to supply India’s Haldia Petrochemicals with up to 2 million tonnes of naphtha to be delivered over 10 years.
13-06-2024: Equinor lets contract for Troll Phase 3 development Equinor let a Troll extension pipeline contract to Allseas for Stage 2 development of the Troll Phase 3 project in the North Sea.
13-06-2024: US Senate approves three FERC commissioners The US Senate approved all three of President Biden’s picks to serve as FERC commissioners.
13-06-2024: First-quarter 2024 earnings down year-on-year on lower refining margins, natural gas prices A group of 44 US-based oil and gas producers and refiners recorded a total net earnings of $27 billion in first-quarter 2024, down from earnings of $48.5 billion in the previous year's first quarter.
03-06-2024: Baldridge joins executive leadership team at Phillips 66 Don Baldridge has been named executive vice-president of midstream and chemicals.
03-06-2024: Petrobras lets pipelay support vessels contracts Petrobras has let four day-rate contracts to Subsea 7 SA for pipelay support vessels (PLSVs) commencing in 2025.
03-06-2024: OPEC+ extends oil output cuts into 2025 OPEC+ has decided to prolong the 3.66 million b/d production cut (announced in 2022 and 2023) for 1 year and extend the voluntary 2.2 million b/d production cut by eight members for another quarter.
03-06-2024: WildFire Energy acquires additional Eagle Ford acreage WildFire Energy is adding to its Eagle Ford acreage with a bolt-on deal with an undisclosed seller.
01-06-2024: How Rising Demand for RNG is Unlocking Vast New Opportunity The role of RNG operators, investors, and traditional energy companies is shifting along with the growing appetite for more sustainable fuels.By Chet Benham, President and COO of Viridi Energy
31-05-2024: ADNOC farms out concession interest to SOCAR ADNOC awarded a 3% participating interest in the Satah Al Razboot (SARB) and Umm Lulu concession offshore Abu Dhabi.
31-05-2024: Wood Mackenzie: ConocoPhillips deal with Marathon creates third largest producer in US Lower 48 With its plan to acquire Marathon Oil, ConocoPhillips could become the third largest producer in the US Lower 48 behind ExxonMobil Corp. and Chevron/Hess.
31-05-2024: Petronas, Sinopec sign MoU to explore partnership expansion Petronas and Sinopec will explore ways to expand their partnership across the energy value chain.
30-05-2024: EIA: US crude inventories down 4.2 million bbl US crude oil inventories for the week ended May 24, excluding the Strategic Petroleum Reserve, decreased by 4.2 million bbl from the previous week, according to data from the US EIA.
30-05-2024: Can an offshore drilling rig run on green methanol? A feasibility study for the decarbonization of offshore drilling operations has been conducted. The key will be to utilize well-proven engines capable of operating on methanol and diesel with comparable performance characteristics.
30-05-2024: Embracing automation: Oil and gas operators leverage new operational efficiencies Wellsite automation can help make oil and gas production smarter, faster, more efficient and safer. The ability to utilize real-time data to make automatic and instantaneous adjustments can produce reductions in the days spent on frac operations and increased wellsite safety.
30-05-2024: Dawn of a new day in completions A unique collaborative approach to completions management demonstrates how working from a different perspective can optimize operational efficiency and improve well economics.
30-05-2024: Extracting resources from the Earth’s crust using multi-stage, fraced horizontal wells: First gas, then oil, now heat Far too many companies are seemingly holding back on utilizing horizontal wells to access Enhanced Geothermal Systems and risk missing a golden opportunity to extract heat from the Earth’s crust.
30-05-2024: Stimulating for maximum recovery As it approaches its 20th anniversary, Stavanger-based Fishbones finds that its stimulation methods are increasingly a regular part of operators’ toolboxes, for improving oil and gas recovery with multi-fold increases in productivity. Various case studies confirm operators’ confidence in these methods.
30-05-2024: Explaining sand erosion in oil & gas production Erosion due to entrained sand is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.
30-05-2024: The five A’s on the road to completions automation As fracturing intensity continues, operators are looking for additional ways to increase efficiencies. One such solution is automation in the fracturing process. Accordingly, a platform of digital software controls and hardware enables operators to pursue automation, while executing completions safely and more efficiently.
30-05-2024: Petrobras lets contract for Búzios 9 field development Petrobras has let a contract to Subsea 7 SA to advance development of Búzios 9 field offshore Brazil.
29-05-2024: Texas LNG requests FERC extension to complete construction Texas LNG is requesting more time from regulators to complete construction of its South Texas liquefaction project.
29-05-2024: ConocoPhillips to acquire Marathon Oil in $22.5-billion deal ConocoPhillips has agreed to acquire Marathon Oil Corp. in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.
29-05-2024: Aethon deals move Tellurian’s Driftwood LNG project toward development Deals signed with Aethon Energy Management move Telllurian's Driftwood LNG project closer to development.
28-05-2024: BW Energy appoints Morlot as CFO BW Energy has appointed Brice Morlot as chief financial officer, effective June 30, 2024.
28-05-2024: Petrobras officially elects Chambriard as CEO Petrobras has officially appointed Magda Chambriard as a member of the board of directors and elected her as CEO.
28-05-2024: Energy Transfer signs $3.25-billion deal to add Permian gas pipeline, processing assets Energy Transfer agreed to acquire WTG Midstream Holdings in a deal expected to provide the company with increased access to growing supplies of natural gas and NGL volumes to enhance its Permian operations and downstream businesses.
24-05-2024: Promethean awards contract for GOM decommissioning Promethean let a contract to Elemental Energies LLC to support the decommissioning of nine orphaned wells in the Gulf of Mexico.
24-05-2024: CNOOC, Eni awarded petroleum blocks offshore Mozambique CNOOC Ltd. and Eni SPA have been awarded separate petroleum exploration and production concession contracts in Mozambique.
24-05-2024: Vår Energi sells Bøyla asset Concedo AS has agreed to acquire from Vår Energi ASA a 20% interest in Bøyla field for $24 million. Concedo will assume full decommissioning liabilities for the acquired field.
23-05-2024: EIA: US gasoline prices ahead of Memorial Day weekend 1% higher than last year The average retail price of regular gasoline in the US was $3.58/gal on May 20, 2024—the Monday before Memorial Day—a 1% increase from the same time last year.
23-05-2024: Sonatrach signs agreements to enhance Algeria’s energy system Sonatrach signed agreements with various companies aimed at supporting projects in Algeria and boosting gas supplies to Europe.
22-05-2024: ADNOC makes first investment in Mozambique for stake in LNG development Galp has signed an agreement with ADNOC for the sale of its upstream assets in Mozambique.
22-05-2024: EIA: US crude inventories up 1.8 million bbl US crude oil inventories for the week ended May 17 increased by 1.8 million bbl from the previous week, according to data from the US EIA.
22-05-2024: Equinor extends Deepsea Aberdeen contract Equinor exercised an option to extend the use of the Deepsea Aberdeen semi-submersible drilling rig on the Norwegian Continental Shelf.
21-05-2024: Equinor extends Mariner B contract Equinor (UK) Ltd. exercised a 2-year option on the contract with Odfjell Technology (UK) Ltd. for provision of full drilling services on Mariner A platform east of the Shetland Islands.
21-05-2024: WildFire Energy to acquire Eagle Ford assets from Apache WildFire Energy has agreed to acquire about 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from Apache Corp. and subsidiaries.
15-05-2024: Water management Shake, rattle and roll
15-05-2024: Custom-made blueprint for optimizing late-life assets Late-life management of oil and gas assets is a careful balancing act where operators weigh many evolving factors, all while tracking cessation of production and potential options that follow. Mistakes can be costly and developing a tailored asset management strategy is crucial to avoid wasting resources and ensure that assets are maximized.
15-05-2024: OTC recognizes 2024 Spotlight on New Technology® award winners In late March, the Offshore Technology Conference (OTC) announced the winners of their 2024 Spotlight on New Technology Award. Per the organization’s announcement, “this esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies.” Echoing the awards of 2023, 15 technologies were selected for their advancements in the offshore energy sector—five of these are from small companies, a slight decrease from 2023’s seven. 
15-05-2024: Solutions for decarbonizing offshore power generation Reducing reliance on hydrocarbons for power is critical to achieving near- and long-term sustainability targets. Siemens Energy is collaborating with major offshore operators to implement decarbonization strategies for electrification, automation and digitalization. This article highlights successful implementation of technologies at several projects and discusses other promising concepts under development.
15-05-2024: Taming the red zone with automation Increasing safety and reducing injuries during drilling is gaining momentum. Automation achieves these goals in the red zone by automating risk-prone, manual tasks. Automated installation of control line clamps has increased rig floor safety. Semi- and fully automated systems will become available commercially later this year.
14-05-2024: Wellbay innovation supports lower-cost, lower-risk phased approach for HP DW discoveries Unlocking the promise of America’s Great Lower Tertiary Play by adopting a safer, more profitable dry tree approach.
14-05-2024: Executive viewpoint Ensuring energy security: A call to action for Europe's future
14-05-2024: Advancing safer deepwater drilling with an integrated managed pressure drilling/wired drill pipe service A new event detection and management service integrates proven MPD and wired drill pipe technologies for faster detection and resolution of downhole events and safer, more efficient deepwater drilling.
14-05-2024: Dallas Fed: Outlook improves, even as activity little changed; break-even prices increase Faced with ongoing uncertainties ranging from the fall elections to the global oil market and the LNG “pause,” U.S. producers are holding activity steady.
09-05-2024: Elevating support technology to enhance energy production Produced water is a significant issue for the oil and gas industry, presenting environmental and logistical challenges that require careful management and technological solutions. By implementing effective treatment and reuse techniques, operators can minimize the environmental impact of produced water and enhance their operations’ sustainability.
09-05-2024: Occidental output hurt by Gulf outage, helped by Permian productivity Higher capital spending in this year's second quarter will set the stage for production growth in second-half 2024.
09-05-2024: Vital targets near-record production ahead of second-half slowdown Vital Energy expects to operate four drilling rigs, run two completions crews, and turn in-line 24 wells in the Permian basin in second-quarter 2024.
08-05-2024: Shell inks deal to divest integrated Singapore refining, chemical assets Shell PLC has entered a deal to sell the entirety of its interest in subsidiary Shell Singapore Pte. Ltd.’s (SSPL) integrated refining and petrochemical operations in Singapore.
08-05-2024: EIA: US crude inventories down 1.4 million bbl US crude oil inventories for the week ended May 3, excluding the Strategic Petroleum Reserve, decreased by 1.4 million bbl from the previous week, according to data from the US EIA.
08-05-2024: Permian Resources lifts production target after stronger-than-expected first quarter Recent acquisitions worth $270 million will call for an additional $50 million in capex during second-half 2024.
08-05-2024: EIA: Brent crude prices to stay near $90/bbl to end-2024 The US EIA expects voluntary OPEC+ crude oil production cuts and ongoing geopolitical risks will maintain Brent crude oil prices near $90/bbl for the remainder of 2024 before falling to an average of $85/bbl in 2025.
08-05-2024: DNO adds to producing assets position offshore Norway DNO ASA has agreed to acquire stakes in five oil and gas fields in the Norne area in the Norwegian Sea from Vår Energi for $51 million.
07-05-2024: Biden administration finalizes strict methane reporting standards The US EPA finalized tougher methane reporting standards that could increase the number of oil and gas companies that must pay fees for excess methane emissions.
07-05-2024: US resumes SPR refills as crude prices slip below $80/bbl The US Department of Energy is resuming Strategic Petroleum Reserve purchases, with new deliveries beginning in October.
06-05-2024: ExxonMobil advances Uaru field work with FPSO integration contract ExxonMobil contractor Offshore Frontier Solutions, a Modec Group company, signed Seatrium for an FPSO topsides integration contract for work offshore Guyana.
06-05-2024: Civitas signs deals to sell certain DJ basin assets for $215 million The company’s first-quarter production totaled 336,000 boe/d, balanced almost evenly between the Permian and DJ basins.
02-05-2024: Antero Midstream strikes Appalachia bolt-on deal Antero Midstream has acquired natural gas gathering and compression assets in the Marcellus shale for $70 million.
02-05-2024: Shell increases q-o-q earnings to $7.7 billion Shell plc had first-quarter 2024 adjusted earnings of $7.7 billion, up from $7.3 billion in fourth-quarter 2023, reflecting strong operational performance across the business.
02-05-2024: ConocoPhillips' earnings down year-over-year at $2.6 billion ConocoPhillips had first-quarter 2024 earnings of $2.6 billion, down from first-quarter 2023 earnings of $2.9 billion.
02-05-2024: Equinor enters collaboration for Wisting, Bay du Nord early works Equinor signed a collaboration agreement with Subsea 7 SA and Subsea Integration Alliance for collaboration on early, joint concept studies for two projects.
02-05-2024: Neste appoints Malinen to succeed Lehmus as president, CEO Neste Corp. has appointed Heikki Malinen as president and chief executive officer.
01-05-2024: EIA: US crude inventories up 7.3 million bbl US crude oil inventories for the week ended Apr. 26, excluding the Strategic Petroleum Reserve, increased by 7.3 million bbl from the previous week, according to data from the US Energy Information Administration.
01-05-2024: Chesapeake doubling curtailments in second quarter The company is on track with its plan to finish the year with about 1 bcfd in reserve production.
01-05-2024: CER approves operation of Trans Mountain crude pipeline expansion The Canada Energy Regulator (CER) has approved Trans Mountain Corp.’s application to place its 590,000-b/d expansion project in service.
01-05-2024: Touchstone to become Trinidadian operator of scale with Trinity acquisition Touchstone Exploration Inc., Calgary, has agreed to acquire Trinity Exploration and Production Plc in an all-share deal with an implied value of about $30.1 million.
30-04-2024: White House permitting rule draws ire from industry, Manchin The White House’s Council of Environmental Quality (CEQ) finalized a rule that it said would streamline the environmental review process under the National Environmental Protection Act (NEPA).
30-04-2024: MPLX increases y-o-y net income, places Marcellus gas processing plant into operation MPLX LP had first-quarter 2024 net income of $1.005 billion, compared with $943 million for first-quarter 2023, and adjusted earnings of $1.635 billion, compared with $1.519 billion for first-quarter 2023.
30-04-2024: U.S. Energy Development promotes Thaxton to VP U.S. Energy Development Corp., Fort Worth, has promoted Robert Thaxton to vice-president of oil and gas business operations.
30-04-2024: Humble Midstream adds to leadership team Humble Midstream has added to its leadership team. Brian Newmarch and John Shefchik have recently joined the company as chief financial officer and vice-president, engineering and construction, respectively.
29-04-2024: Chevron joins license offshore Namibia as operator A Chevron Corp. affiliate has agreed to a farm-in deal with Namcor for an 80% interest and operatorship of PEL 82, which governs blocks 2112B and 2212A in Walvis basin, offshore Namibia.
26-04-2024: The reserves replacement dilemma: Can intelligent digital technologies fill the supply gap? Oil reserves are being consumed faster than they’re being replaced. If the reserve replacement ratio doesn’t improve, supply could fail to meet demand before lower-carbon and new energy solutions mature. Companies rethinking strategies are using infrastructure-led exploration as a digital solution to find economically viable new prospects.
26-04-2024: Coiled tubing drilling’s role in the energy transition Coiled tubing drilling is an excellent example of how existing technology can help move the oil and gas sector towards net zero.
26-04-2024: Shale technology: Bayesian variable pressure decline-curve analysis for shale gas wells A new workflow generates probabilistic history-matches and production forecasts for any decline-curve model while incorporating variable BHP conditions. It provides fast history matches and forecasts of shale gas wells more accurately than traditional DCA while quantifying model uncertainty. The primary value added is an innovative method for probabilistic variable-pressure DCA.
26-04-2024: Digital transformation/Late-life optimization: Harnessing data-driven strategies for late-life optimization Late-life assets present a myriad of challenges that operators must tackle to ensure continued safety and integrity. Robust data management strategies play an increasingly pivotal role in optimizing asset performance in mature assets to ensure economic viability.
26-04-2024: Advancing offshore decarbonization through electrification of FPSOs Electrification is the most practical solution for decarbonization, especially as renewable generating capacity increases and momentum to electrify vessels, including FPSOs, continues to build. However, the industry still faces headwinds, including high upfront costs, a lack of supporting infrastructure and properly trained personnel, and gaps in standards.
25-04-2024: Rystad: Russian LNG's future in jeopardy as sanctions' impact grips Despite Western sanctions post Russia's invasion of Ukraine, Russian oil production has remained strong, but the country’s natural gas and LNG sectors are strained due to pipeline infrastructure limitations and Western dependencies, according to Rystad Energy.
25-04-2024: TC Energy’s NGTL gas pipeline resumes normal operations TC Energy earlier this week stood down the emergency response to a rupture on its NOVA Gas Transmission Ltd. Grande Prairie Mainline, near Edson, Alta.

In de komende maanden worden onder andere de volgende cursussen met regelmaat georganiseerd:

4-daagse cursus Olieproducten

Deze intensieve cursus wordt verzorgd in een van de laboratoria van Saybolt en omvat zowel een theorie gedeelte over aardolie, de raffinage en de belangrijkste olieproducten en een praktijk/laboratorium gedeelte waarbij onder andere diverse olieproducten worden geblend en getest.

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1-daagse cursus Benzine blending

Deze cursus is specifiek bedoeld voor personen die te maken hebben met het blenden van benzine, alsmede de inkoop, kwaliteitsbewaking, op- en overslag of verkoop van benzine. In eerste instantie is deze cursus bedoeld als een vervolg op de 4-daagse Olieproducten cursus, maar tevens kunnen personen deelnemen die deze cursus achtergrond voldoende bezitten, bijvoorbeeld opgedaan door werkervaring.

1-daagse cursus Gasolie blending

Deze cursus is specifiek bedoeld voor personen die te maken hebben met het blenden van gasolie en diesel producten, alsmede de inkoop, kwaliteitsbewaking, op- en overslag of verkoop van gasolie/diesel. In eerste instantie is deze cursus bedoeld als een vervolg op de 4-daagse Olieproducten cursus, maar tevens kunnen personen deelnemen die deze cursus achtergrond voldoende bezitten, bijvoorbeeld opgedaan door werkervaring.

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1-daagse cursus Stookolie blending

Deze cursus is specifiek bedoeld voor personen die te maken hebben met het blenden van residuale stookolieproducten en marine fuel oils, alsmede de inkoop, kwaliteitsbewaking, op- en overslag of verkoop van stookolie. In eerste instantie is deze cursus bedoeld als een vervolg op de 4-daagse Olieproducten cursus, maar tevens kunnen personen deelnemen die deze cursus achtergrond voldoende bezitten, bijvoorbeeld opgedaan door werkervaring.

1-daagse cursus Biodiesel

Biodiesel wordt meer en meer gebruikt als blending component in dieselolie. Wat is het? Hoe wordt het gemaakt? Welke eigenschappen heeft het? Welke invloed heeft het op de dieselkwaliteit? Waar moeten we extra op letten? Dit zijn slechts enkele vragen die op deze dag worden beantwoord.

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1-daagse cursus Introductie tot de Aardolie-industrie en olieproducten

Deze cursusdag geeft een globaal overzicht van de aardolie-industrie en de belangrijkste eigenschappen van de olieproducten zoals LPG, benzine, kerosine, gasolie en (residuale) stookolie.

3-daagse cursus BunkerExperience

Deze all-inclusive BunkerExperience cursus biedt een onverslaanbare combinatie van theorie en real-life bunkerervaring. Tijdens de cursus worden de deelnemers voorbereid op de 'real life' ervaring van het werken op een barge, werken in een testlaboratorium en 'tour-de-port' voor close-up beelden van verschillende soorten schepen.

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Bovengenoemde cursussen worden in de Nederlandse, Engelse en Duitse taal verzorgd in één van de laboratoria van Saybolt wereldwijd, of bij u op locatie, waar ook ter wereld! 

Alle Oiltraining B.V. cursussen zijn ook beschikbaar als een online/livestreaming cursus!

Geïnteresseerd? Neem contact op met Ton Visser per email of telefoon.


visser@oiltraining.nl  Tel: +31(0)646 724120

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