Monthly Archives: October 2017

Canada oil, gas drilling to pick up in 2018 -industry body

Canadian oil and gas drilling activity will climb 5 percent in 2018 as a gradual uptick in crude prices gives rise to cautious optimism among producers, an industry body forecast on Tuesday. The Petroleum Services Association of Canada (PSAC) expects energy firms to drill 7,900 wells next year, up from 7,550 in 2017. The biggest [Read More…]

Source: BOE Report

Huge Crude Draw Pushes Oil Prices Even Higher

The American Petroleum Institute (API) reported a huge draw of 5.087 million barrels in United States crude oil inventories, largely in line with an S&P Platts’ survey of analysts that expected inventories would draw down by 1.4 million barrels for the week ending October 27—continuing the extended drawdown in recent weeks. Gasoline inventories, according to the API, saw ...

Source: Oilprice.com

Traverse Energy Ltd. Closes Private Placement Financing

CALGARY, Alberta, Oct. 31, 2017 (GLOBE NEWSWIRE) — Traverse Energy Ltd. (the “Corporation”) (TSX Venture:TVL) announces that it has closed the second and final tranche (the “Final Tranche”) of its previously announced non-brokered private placement (the “Private Placement”) of common shares of the Corporation (“Shares”) issued on a “flow through” basis eligible for the renunciation [Read More…]

Source: Headlines – BOE Report

USA – Stamford, Connecticut: principal negotiator asset optimisation MMP (218685), Marketing & Supply

The principle negotiator function is a support role to the AM MNA Asset Managers in developing midstream solutions that strategically align Statoil within the commercial value chain with the following responsibilities:Development of strategic, competit...

The post USA – Stamford, Connecticut: principal negotiator asset optimisation MMP (218685), Marketing & Supply appeared first on Wild Well Entertainment's Employment Portal.

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Devon Energy Reports Third-Quarter 2017 Results

OKLAHOMA CITY–(BUSINESS WIRE)–Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2017. Also included within the release is the company’s guidance outlook for the fourth quarter of 2017. Highlights Production exceeds midpoint of hurricane-adjusted guidance 50 high-rate wells brought online with average rates exceeding 2,100 Boe per day [Read More…]

Source: Headlines – BOE Report

The Oil And Gas Industry Is Hiring Again

The oil and gas industry is hiring more than it’s letting go for the first time in three years, a new report from recruitment firm NES Global Talent and Oilandgasjopbsearch.com shows. This is the latest sign of recovery in oil and gas after the 2014 price crash, reinforcing the belief that a lot of oil and gas companies have ...

Source: Oilprice.com

U.S. Shale Could Bring Bearishness Back To Markets

Brent oil has breached the technical and psychological barrier of $60, while WTI inched up to $54. The bulls are relishing in the excitement of rising prices. But there’s one pressing question: Is this rally sustainable? The bulls might have to proceed with caution. Recent figures indicate a build-up of 856,000 barrels in crude inventories, with U.S production surging ...

Source: Oilprice.com

How The Shale Boom Is Boosting U.S. Exports

Most people are at least somewhat aware that the U.S. shale oil boom has resulted in lower fuel prices at the pump. But they are probably less familiar with the economic impacts of the shale gas boom. I have covered some of the impacts of the cheap shale gas bounty in the past. They include a surge of natural gas exports to ...

Source: Oilprice.com

Labor Shortage Weighs on Oil Industry Recovery (Tuesday, 31 October 2017)

Three years ago, when crude prices still floated above $100 a barrel and the nation's oil fields were booming, Clint Concord could hire 20 new workers a day here in the West Texas oil patch to meet the constant demand from his production company clients.

But today, with the Permian Basin booming again, Concord said he's lucky to find one ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

USA – Stamford, Connecticut: principal negotiator asset optimisation MMP (218685), Marketing & Supply

The principle negotiator function is a support role to the AM MNA Asset Managers in developing midstream solutions that strategically align Statoil within the commercial value chain with the following responsibilities:

Development of strategic, competitive and optimal mid- and downstream solutions and identify market opportunities with positive impact for the portfolio of assets

Prepare and execute negotiations with 3rd party ...

Source: Statoil - Vacant positions

How an Oil and Gas Giant Outmaneuvered Low Oil Prices

Italian oil and gas company Eni has transformed under a leader determined to reduce costs without cutting jobs—instead including employees in the turnaround mission. Transforming a business that must reduce costs doesn’t always have to mean pain for employees—even if that business is a multinational energy company hit hard by dropping ...

Source: Tradequip Blog & Oilfield Industry News