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"Who controls the past controls the future. Who controls the present controls the past" said George Orwell. Below, you will find an article that was published by MEES on 29 June 1981. No Production Cut Envisaged In Saudi ArabiaContrary to recent media reports from London and New York, Saudi Arabia has no intention of reducing its oil output for the time being. This was confirmed to MEES on 26 June by an authoritative official Saudi source.In specific denial of reports cited by the BBC and others to the effect that Saudi Arabia would cut its crude oil output by 450,000 b/d as from 1 July, the
The Khafji Offshore site, located on an area jointly controlled by Saudi Arabia and Kuwait, has stopped his production in order to be in compliance with the new Saudi environmental regulations. It means 280 thousand oil barrels per day withdrawn by the market.... a cut in OPEC production, which weight does not fall solely on the Saudis' shoulders. Can this situation bring an upward trend of Oil price on the market?
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The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge
The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries along the Gulf Coast.
The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.
Eni says it had found around 1 billion barrels of oil equivalent in its shallow-water Marine XII block off the coast of Congo.
Italy's Eni reiterates its full-year production outlook as its third-quarter net profit increases 2.5 percent.
Independent oil firm Afren is looking at restating its historic financial information after the completion of an independent accounting review of unauthorized payments.

News headlines are continually stating that 'profits are hit by lower oil price'. Are there any E&P companies that will make a profit this year despite this?
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Rosneft has announced that oil from its frontier Kara Sea arctic Universitetskaya-1 well has been tested by the laboratories of TomskNIPIneft and found to be of higher quality than Brent and Siberian Light oils
By Joseph DeWoodyAustin, TX ~ Photo by BlanscapeWhen it comes to oil and natural gas production, Texas has been a leader for many decades. One over-looked area where Texas leads is in the management of state-owned lands and the aligning of incentives between the state and the individual.Relinquishment Act (Mineral Classified) Lands include state-owned lands on which the surface was sold and minerals reserved to the state between 1895 and 1931. The surface owner acts as an agent for the state for leasing purposes. The Texas General Land Office must approve the consideration paid for any Relinq
Free-market economists are launching an initiative to tout the promise of crude exports on Thursday, buttressing separate campaigns by oil companies and their allies on Capitol Hill.
AWE and Santos progress development work for the Ande Ande Lumut oil project offshore Indonesia.
Thailand's PTTEP says its third quarter net profit fell 16 percent, hit chiefly by rising expenses and lower prices of crude oil that dragged down its selling prices.
Searcher Seismic contracts BGP to undertake a major multi-client seismic campaign in Australia.
Royal Dutch Shell appoints a new chairman to its board and reports earnings six percent ahead of expectations.
Oil and Gas Today with Chris Faulkner – Podcast #559Oil and Gas Today with Chris Faulkner – Podcast #559Breitling Energy CorporationBreitling Energy CEO Chris Faulkner said we need more natural gas export terminals to by-pass Putin and truly help Ukrainian people save their independence.
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Zoltav has announced that as a result of the hooking-up of the newly-drilled Karpenskoye Well 100 the Western Gas Plant is now operating at full capacity
By Mark StansberryKiev City, Ukraine ~ Photo by SubbotinaIn 1998, while working with a team in Bulgaria, I saw how Russia’s influence was felt because it provided gas supplies to the country. What concerned Bulgaria and Eastern Europe at the time was the great dependency on Russia’s natural gas and energy support. Our team’s goal was to evaluate how we could assist Bulgaria in becoming more self-reliant. It was troubling that natural gas supplies were being used as a means of impacting political and economic decisions within the country. Today, Ukraine is experiencing a similar situation in a
ConocoPhillips' plans for the first oil production facilities from federal lands in Alaska moved one step closer to reality on Wednesday, as the Interior Department released a critical environmental study on the project.
Perdana Petroleum's subsidiary sells an offshore support vessel to Hauston for $28.5 million.
Hibiscus Petroleum's unit contracts Seadrill's West Telesto jackup to drill the Sea Lion prospect in permit VIC/P57 offshore Australia.
Beach Energy commences hydraulic stimulation program at Redland-1 well in ATP 855 in the Cooper Eromanga Basin in Australia.
An article came up recently about a topic that I've heard referenced a few times: establishing industry standards - particularly for offshore operations - with the goal of lowering costs.A little bit of context here: owing to the extreme conditions found offshore, there is already a high level of expense inherent in deepwater equipment. Add the fact that there is little standardization, making every order among different companies essentially a custom job, and you have a situation where costs can (and do) in fact escalate very quickly.Standards sound great, but I see obstacles to their adopti
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Nimbix has announced the expansion of graphics processing unit (GPU) acceleration in its Jarvice cloud-based, high-performance data analysis (HPDA) solution, delivering advanced computer-aided engineering (CAE), big data analytics and seismic processing capabilities for the oil and gas market
One of Halliburton’s first vehicles, servicing an Humble Oil well site, West Texas 1920’sCourtesy of the The Sloane Gallery – www.sloanegallery.com – 281-496-2212 !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
Freeport LNG has secured financing for the first of three liquefaction trains proposed for an export terminal in Quintana, Texas, the company announced Wednesday.
Senex Energy spuds Akele-1 prospect in PEL 110 in South Australia Cooper Basin.
Petronas Carigali's unit extends BW Offshore's contract for FPSO Berge Helene for two years.
Each month, we bring you our favorite Instagram photos highlighting life in the global O&G industry. Now you can also showcase your own oilfield photos right here on Oilpro for all your industry peers to see. We've deployed an easy-to-use photo sharing tool that you can access right from the top of the Oilpro home page. The best photos will be seen by the entire Oilpro community in the newsletter and highlighted in future posts like this one. So dock your smartphone, download your pics from the oilfield, and start sharing your favorites on Oilpro today! Sharing scenes from the field is
Are there any (decommissioned) wellhead platforms for sale?
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Leni Gas & Oil (LGO) that well GY-670, the seventh of its planned 30 new development wells at the Goudron Field in Trinidad, and the second well from the third drill pad, was spudded yesterday and is drilling ahead in the Goudron Sandstones at a depth of approximately 220 feet
My father was a Petroleum Landman and he was on the road most of the time. Every now and then he would pull me from school and take me with him leasing. One of my memories of traveling with him was driving thru West Texas at night with the horizon bright with flares from gas wells…. this photo took me back to that time. By Story Sloane III – 1930’s West TexasCourtesy of the The Sloane Gallery – www.sloanegallery.com – 281-496-2212  !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.cre
In 2013, the Pegasus pipeline ruptured in central Arkansas, spilling thousands of gallons of oil in a Mayflower neighborhood.
Breitling Energy wins SW Oil & Gas 2014 Award for Excellence in Corporate Social Responsibility. http://ow.ly/i/7kxhW
Rosneft is not happy; not happy at all. It's threatening to file a lawsuit against the Russian daily newspaper Kommersant for a report alleging that the Russian company sent President Vladimir Putin proposals for counter-sanctions against Western companies and individuals. Kommersant is owned by Alisher Usmanov (known as the richest person in Russia) who runs a subsidiary of Gazprom (Gazprominvest Holdings). Rosneft is state-owned, Gazprom is state-owned, so I guess it can be said that Kommersant is indirectly state-"influenced."Alisher UsmanovThis isn't the first time the daily business pape
The oilfield is flush with amazing field development projects. "Most interesting" can mean a lot of different things: biggest, most high-tech, most challenging, etc. What's the most interesting O&G project you've ever worked on and why?
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The most eye-popping number in this week’s Energy Information Administration stock report was the large decline in distillate stocks. You can see our analysis of the numbers here. 
Victoria Oil & Gas has announced that 678 metres of gas pipe has successfully been laid under the Wouri River to the northern Bonaberi shore in Douala, Cameroon's major industrial cityvictoria
You can trust your car to the man who wears the star, Texas saltwater marsh Texaco Rig… 1930’sCourtesy of the The Sloane Gallery – www.sloanegallery.com – 281-496-2212 !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
FORT WORTH, TX -- (Marketwired) -- 10/29/14 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2014 financial results. Third Quarter Highlights - Range produced a record average of 1,209 Mmcfe per day, an increase of 26% over the prior year quarter Unit costs decreased $0.36 per mcfe or 10% compared to the prior year quarter Outstanding well results continue in the Marcellus New technology in Nora field yields best results in years with returns up to 100% 45 new gas purchase customers added to date i
The economy is a critical issue for voters in the November election and with Texas’ being driving by energy, where and how we power our vehicles and homes is becoming more important. A recent poll conducted by the University of Texas at Austin revealed that the growing generation gap is making for vast differences on the […]
Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.
Oil prices close higher for a second day in a row after data showed US crude stockpiles rose less than expected last week.
Algeria is preparing a new auction of oil and gas blocks, an official says, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.
Texas' oil and gas regulatory body issues new rules regarding the location and operation of disposal wells used in hydraulic fracturing.
Looking back on the life and career of Christophe de Margerie, a rich legacy quickly emerges. De Margerie was charismatic, gregarious and down-to-earth. He was adored by his wife Bernadette and his three children. He spent 40 years working to build Total into one of the world's top five oil and gas companies, and rose to the pinnacle of the organization's leadership team. Christophe de Margerie and his wife Bernadette outside the Elysee Palace in ParisHe was not only a CEO but a political figure, outspoken (and often standing alone) on issues of international importance. And his "The Big
The Winchester 1873Despite its promise of land and wealth, the American West was an unruly place for early pioneers. Gun-toting wanderers, cattle rustlers, and trigger-happy lawmen were all out to stake their claim.The Industrial Revolution was running at full-steam, and further permeated the Western frontier with the building of the Union Pacific Railroad and invention of the Morse telegraph.Billy the Kid adopts new technology, sports his Winchester repeatingrifle...While there is no doubt that advancements in travel and communication brought progress and order, we’d like to attribute the ta
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