GoM Storm Threat Prompts BP To Start Evacuations

All other major producers in the area said they were still monitoring the weather and had not evacuated anybody.

Iran Sets Terms For Cooperating With OPEC

Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country’s oil minister said Aug. 26 in remarks made ahead of next month’s meeting of the oil exporters group.

VAALCO: Production Resumes At Avouma Offshore Gabon

The lower pump was started last week with the well producing about 1,850 barrels of oil per day (bbl/d) gross, or 450 bbl/d net to VAALCO), according to a news release.

EMGS Reports Prefunding For Multiclient Acquisition In Norway

Plans are for the new acquisition, which will become part of the company’s multiclient library, to occur in third-quarter 2016. The pre-funding amounts to US $1 million. 

Thousands Accept Petrobras’ Voluntary Layoff Program, Source Says

The number may rise by month-end, the deadline for the plan proposed. Around 12,000 employees, or 21% of its workforce, are eligible.

Oil Prices Fall As Saudi Arabia Dampens Output Freeze Prospects

Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. West Texas Intermediate (WTI) crude was down 22 cents at $47.11 a barrel.

Norway Searches For New Technology

The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.

Helix Completes First Riser-Based Coiled Tubing Intervention

Helix Well Ops (U.K.) Limited, a U.K. subsidiary of international offshore energy service company Helix Energy Solutions Group,  has completed the industry’s first riser-based coiled tubing intervention project from a mobile offshore drilling unit (MODU) class light well intervention vessel (LWIV).

Keeping The Oil Flow Flowing

There’s little debate on how the oil and gas industry has benefitted greatly through the transfer of technologies from other industries like aviation and medicine to solve its big challenges. Beer brewing can now join the industry’s list of tech transfer success stories.

Keeping The Oil Flow Flowing

There’s little debate on how the oil and gas industry has benefitted greatly through the transfer of technologies from other industries like aviation and medicine to solve its big challenges. Beer brewing can now join the industry’s list of tech transfer success stories.

Mexico Names Firms Qualified For Deepwater Tender

Mexico’s energy regulator said on Aug. 24 that 26 companies had qualified to participate in the country’s deepwater oil tender in December, the jewel in the crown of a landmark energy sector opening.

US GoM Oil, Gas Lease Marks A First, Sets Record Lows

U.S. Western GoM Lease Sale 248 made history Aug. 24 in more ways than one: the first livestreamed sale set record lows for the number of companies bidding, blocks receiving bids and total bonus bids since 1983.

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