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Van Riet appointed EVP, CFO of Swift Energy

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Gleeson Van Riet has joined Swift Energy Co., Houston, as executive
vice-president and chief financial officer. He succeeds Alton Heckaman,
who announced his retirement in August 2016.The post Van Riet appointed EVP, CFO of Swift Energy appeared firs…

Drilling of 32 wells planned for Odoptu Stage 2 of Sakhalin I

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India’s ONGC Videsh Ltd. said 32 wells are planned for a phased expansion of the Sakhalin I Odoptu development in Russia.

The post Drilling of 32 wells planned for Odoptu Stage 2 of Sakhalin I appeared first on bestforexoffers.net.

Gazprom, NIOC sign MOU for upstream efforts in Iran

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Gazprom and National Iranian Oil Co. signed a memorandum of understanding Mar. 28 in Moscow with the presidents of Russia and Iran in attendance.The post Gazprom, NIOC sign MOU for upstream efforts in Iran appeared first on bestforexoffers.net.

Trump’s executive order emphasizes energy more than environment

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US President Donald J. Trump signed a much-anticipated executive order that was directed more at energy than environmental regulation. While it calls for a reevaluation of former President Barack Obama’s Clean Power Plan, which was designed to aggressively reduce carbon emissions, Trump said his Mar. 28 order also will lift the federal coal leasing ban Obama’s administration imposed; “lift the job-killing restrictions on the production of coal, oil, and gas”; and return regulatory power to states.

The post Trump’s executive order emphasizes energy more than environment appeared first on bestforexoffers.net.

EIA: US crude stockpiles up in 11 of last 12 weeks

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US commercial crude oil inventories have risen in 11 of the first 12 weeks of 2017.The post EIA: US crude stockpiles up in 11 of last 12 weeks appeared first on bestforexoffers.net.

Chevron brings Gorgon Train 3 on stream

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A joint venture led by Chevron Australia has begun production of LNG from Train 3 at its Gorgon-Jansz project on Barrow Island in Western Australia.The post Chevron brings Gorgon Train 3 on stream appeared first on bestforexoffers.net.

MARKET WATCH: NYMEX, Brent crude oil prices rise on Libya supply disruption

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The light, sweet crude oil contract for May delivery rebounded modestly on the New York market Mar. 28 to settle at nearly $48.40/bbl after approaching a 4-month low earlier in the week. Analyst said news of an oil disruption in Libya supported oil pri…

The post MARKET WATCH: NYMEX, Brent crude oil prices rise on Libya supply disruption appeared first on bestforexoffers.net.

Oil production begins from Flyndre field in North Sea

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Maersk Oil has started production from Flyndre field in the UK and
Norwegian North Sea. Oil is traveling 25 km via pipeline to the Repsol
Sinopec Resources-operated Clyde platform.The post Oil production begins from Flyndre field in North Sea appeare…

PTTEP leases jack up for Montara field production drilling

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Thailand’s PTTEP has contracted Noble Corp.’s Tom Prosser jack up drilling rig for use on a production well in Montara oil field in the Timor Sea.

The post PTTEP leases jack up for Montara field production drilling appeared first on bestforexoffers.net.

Cairn Energy group finds more oil offshore Senegal

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A joint venture led by Cairn Energy PLC has made an oil discovery in its VR-1 well offshore Senegal, notching up its eighth consecutive successful well in the region since drilling began in 2004.The post Cairn Energy group finds more oil offshore Seneg…

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