US Drillers Add Oil Rigs In Record Streak, But Pace Slows

Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy services firm Baker Hughes Inc. said on May 26.

Alpha Taps GE For Cheviot Oil Field Subsea Equipment, Services

As part of the agreement, GE will supply subsea trees, a full control system, three manifolds, flexible jumpers, flowlines, risers and umbilicals. The company will also provide subsea construction and installation services, and support commissioning.

PGS, TGS Take On Fourth 3D Seismic Project Offshore Eastern Canada

Long Range 3-D will comprise about 9,100 sq km of 3-D GeoStreamer data in the Eastern Newfoundland region, a news release said.

Total Aims To Conclude Iran Gas Deal Before Summer

French oil major Total still plans to conclude the Iran South Pars gas deal before summer, CEO Patrick Pouyanne told journalists on the sidelines of the company’s annual general meeting.

Oceaneering Lands 10-Year ROV Vessel Services Contract

As part of the contract, Oceaneering will provide two ROV systems onboard a multifunction platform support vessel. The scope of work contemplates subsea construction, inspection, maintenance, and repair services on existing and future infrastructure, the release said.

Twin Eagle To Expand Permian Rail Frack Sand Facility

Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.

Nigeria’s Senate Passes Long-awaited Oil Governance Bill

The PIB, which has been discussed for over a decade following several redrafts, is central to President Muhammadu Buhari’s reform plans because oil sales provide 70% of government revenue in Africa's biggest economy.

Wood Group Signs Global Agreement With Hess

Hess Corp. has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations and  maintenance, integrity management, subsea and decommissioning services, a news release said.

Petrofac Suspends Executive Amid Fraud Investigation

The SFO launched a criminal investigation into Unaoil, its officers, employees and agents in July 2016 in connection with suspected bribery, corruption and money laundering.

Trump Budget Proposal Includes Nearly $205 Million For BSEE

The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.

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Reports: OPEC To Extend Production Cuts For Nine Months

OPEC decided it would extend cuts in oil output by nine months to March 2018 on May 25, an OPEC delegate said according to a Reuters report.

Shell, ExxonMobil May Appeal Over Planned Groningen Output Cut

The proposed cut, first announced in April, is the latest in a series over the past two years following earthquakes causing major damage to properties in the northernmost region of the Netherlands.

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