Schlumberger introduces advanced flowback services

Today, at the Abu Dhabi International Petroleum Exhibition and Conference, Schlumberger introduced AvantGuard advanced flowback services. ...

Electro-hydraulic setting tool to perform its first operation in the Middle East

Probe Holdings has announced that its electro-hydraulic setting tool, the iSet, is about to perform its first operation in the Middle East, where it is expected to continue to drive new safety and efficiency standards in well intervention and abandonment operations that require the use of setting tools. ...

Oklahoma hub pipelines resume operations after earthquake

Pipeline owners near a crucial Oklahoma oil hub reported little damage and resumed normal service after a magnitude 5 earthquake struck late Sunday. ...

Resource Energy completes purchase of Williston basin assets

Resource Energy Can-Am LLC has announced that it has closed on its previously announced agreement to acquire assets in the North Dakota Bakken formation from Samson Resources Company. ...

Oil rebounds before U.S. election, earthquake shakes Cushing

Oil rebounded ahead of the U.S. election amid a broader market rally driven by an FBI announcement that affirmed Hillary Clinton’s handling of her emails wasn’t a crime. ...

Saudi Aramco halts Egypt’s oil supplies until further notice

Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher cost. ...

Eni signs agreements to assess potential EandP activities in Bahrain

Bahrain authorities have invited Eni to study and assess the potential of some EandP assets in the country. ...

ITF launches JIP to improve recovery through a better understanding of frac process

The Industry Technology Facilitator (ITF), alongside Marathon Oil, Nexen and Repsol, has launched a joint industry project (JIP) to improve the planning, design and implementation of hydraulic fracturing to maximize the efficiency and profitability of unconventional resources globally. ...

BP, Eni to limit 2017 spending to cope with oil glut

From Eni to BP, the biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global glut. ...

Churchill Drilling Tools opens Abu Dhabi workshop

Churchill Drilling Tools, an oilfield service company specializing in downhole tools, has opened a bespoke tooling and service workshop in Abu Dhabi. ...

Chevron reports first gas at UK’s Alder field

Chevron North Sea has started production at Alder, a high pressure, high temperature (HPHT) gas condensate field in the Central North Sea. ...

Weir Oil and Gas secures $12-million wellhead contract with Kuwait Oil Company

Weir Oil and Gas has secured an agreement with Kuwait Oil Company for the purchase of 295 Seaboard wellheads. The deal, which is valued at about $12 million, was arranged through Weir’s representative in Kuwait, Khuff Trading and Contracting. ...

Magnitude 5 quake strikes close to largest U.S. oil storage hub

A magnitude 5 earthquake struck Oklahoma on Sunday near the largest U.S. oil storage hub, prompting some pipeline companies to shut down operations at the site as a precaution. ...

Russia on board with deal to limit oil output, OPEC chief says

Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo. ...

Eni urges non-OPEC nations to cut output, sees profit at $50 oil

Eni’s CEO called for oil producers outside OPEC to join the group in cutting production to stabilize the market and said his company could still make money with crude at $50/bbl. ...

Oil caps biggest weekly decline since January

Oil capped the biggest weekly loss in almost 10 months as hopes faded that OPEC will be able to implement a promised deal to cut production and ease global oversupplies. ...

OPEC’s top official says Saudis didn’t make oil output threat

Saudi Arabia didn’t threaten to increase its oil production if other members wouldn’t agree to make cuts at the OPEC meeting last week in Vienna, said the group’s top official. ...

Oil heads for weekly drop after erasing OPEC Algiers deal gains

Oil headed for its biggest weekly loss in almost 10 months after giving up all its gains since OPEC agreed to trim output as skepticism grows over whether the deal will be implemented. ...

It’s getting tougher for shale drillers to impress investors

Wall Street’s oil analysts are getting harder to impress. ...

Big Oil to invest $1 billion in carbon-capture technology

Some of the world’s biggest oil companies will invest $1 billion over the next 10 years to develop technologies to capture and store emissions of greenhouse gases and improve energy efficiency. ...