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Keyword: oilfield

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  • Exxon And BP Battle For ‘Oil contract Of The Century’

    07/04/2016 11:54:13 AM PDT · by bananaman22 · 2 replies ^ | 04-07-2016 | Zainab
    ExxonMobil and British Petroleum have been facing off over the terms of the renewal of the “contract of the century” in Azerbaijan, according to sources that spoke to Reuters. BP currently operates the Azeri-Chigar-Guneshi fields in the middle of the Caspian Sea—a region that contributes a tenth of the firm’s global output. The British company has reportedly agreed with the Azeri government on the terms of a 30-year contract, but in an effort to expand its presence in the ACG region, Exxon has been pushing for a piece of the $100 billion pie.
  • Chinese company to buy Texas oil fields in $1.3 billion deal

    10/28/2015 2:39:28 PM PDT · by Enlightened1 · 7 replies
    CNN Money ^ | 10/26/15 | Sophia Yan
    A Chinese investment firm is shelling out $1.3 billion to buy giant oil fields in Texas, reflecting growing interest from China in U.S. energy resources. Yantai Xinchao will acquire oil assets in the western Texas Permian Basin that are currently owned by Tall City Exploration and Plymouth Petroleum. The deal is part of a larger transaction between Yantai Xinchao and a second Chinese firm, according to a stock exchange filing on Saturday. The purchase, which includes oil fields in the state's Howard and Borden counties, has already been approved by the U.S. Committee on Foreign Investment, the filing said. Many...
  • Islamic State takes Syrian state's last oilfield: monitor

    09/07/2015 10:03:41 AM PDT · by SeekAndFind · 11 replies
    AMMAN (Reuters) - Islamic State fighters have seized the last major oilfield under Syrian government control during battles over a vast central desert zone, a group monitoring the conflict said on Monday. The Jazal field was now shut down and clashes were ongoing east of Homs, with casualties reported on both sides, the Britain-based Syrian Observatory for Human Rights said, without giving dates or more details. Syria's army said it had repulsed an attack in the same area but did not mention Jazal or comment on how much of the country's battered energy infrastructure remained under its sway. It said...
  • Any jobs in Texas or North Dakota Oil Patch?

    01/30/2013 3:03:05 PM PST · by MuttTheHoople · 57 replies
    Vanity | January 30, 2013 | Mutt the Hoople
    I just lost my job last Friday. I have a Petroleum Engineering degree and a Civil Engineering license. I have over 12 years experience in Geotechnical work. I'm proficient in Microsoft Word, Excel, and several Engineering programs. I also know how to work manual labor for 12 hour shifts or more.
  • Anadarko Discloses Major Oil Find in Colorado

    11/14/2011 2:17:27 PM PST · by Fractal Trader · 31 replies · 2+ views
    Wall Sreet Journal ^ | 14 November 2011 | RUSSELL GOLD
    Anadarko Petroleum Corp. said that land it has leased in the Wattenberg oil field in northern Colorado may hold more than a billion barrels of recoverable oil and natural gas, in the latest sign that energy production in the U.S. is set to surge. The disclosure could vault the Wattenberg onto a growing list of major new oil discoveries in the United States, joining the Bakken Shale in North Dakota and the Eagle Ford in South Texas. These new sources of oil are reversing four decades of declining domestic energy production. What is making them possible are new technologies, including...
  • Iraq, Iran Agree to Solve Dispute over Border Oil Field

    01/07/2010 10:19:03 AM PST · by thackney · 3 replies · 183+ views
    Dow Jones via Rig Zone ^ | Jan 7, 2010 | Hassan Hafidh
    Iraqi and Iranian officials will meet next week to try to solve their border issues, including the dispute over a southern Iraqi oil well which Iranian forces occupied last month, foreign ministers of the two neighboring countries said Thursday. Iranian Foreign Minister Manouchehr Mottaki made the announcement after meeting his Iraqi counterpart, Hoshyar Zebari, in Baghdad. "Everything will be solved," Mottaki told a joint news conference. "Joint technical committees will start meetings in a week from now, and the borders between the two brotherly countries will be marked," he added. "We have agreed to normalize the situation on the two...
  • Abiotic Synthesis Of Methane: New Evidence Supports 19th-Century Idea On Formation Of Oil

    12/20/2009 2:40:22 PM PST · by SeekAndFind · 55 replies · 2,252+ views
    Science Daily ^ | 11/2009
    Washington, D.C. are reporting laboratory evidence supporting the possibility that some of Earth's oil and natural gas may have formed in a way much different than the traditional process described in science textbooks. Their study is scheduled for Nov./Dec. issue of ACS' Energy & Fuels, a bi-monthly publication. Anurag Sharma and colleagues note that the traditional process involves biology: Prehistoric plants died and changed into oil and gas while sandwiched between layers of rock in the hot, high-pressure environment deep below Earth's surface. Some scientists, however, believe that oil and gas originated in other ways, including chemical reactions between carbon...
  • Iran: Oil Field Is Ours, Not Iraq's

    12/19/2009 10:10:42 PM PST · by Fennie · 45 replies · 2,664+ views
    Ynet News ^ | December 19, 2009
    Tehran denies Iraqi claim to borderline oil field, says troops are 'on Iranian soil, as defined by known international borders'. Iran confirmed Saturday that its forces had taken over East Maysan oil field, located on the Iran-Iraq border. The move caused a 2.4% spike in oil prices. "The Iranian forces are on Iranian soil, as defined by known international borders. This oil field is Iran's" said an Iranian armed forces statement quoted by the Islamic Republic Arab-language television station, al-Alam.
  • Iraq accuses Iran of seizing oil well near border (Drudge)

    12/19/2009 8:08:01 AM PST · by tired1 · 20 replies · 670+ views
    BAGHDAD (AP) - Iranian forces crossed into Iraq and seized an oil well just over the two countries' disputed border, Iraq's government said Friday, prompting a protest from Baghdad and providing a dramatic display of the sometimes tenuous relations between the wary allies.
  • Iranian forces take over Iraq oil well

    12/18/2009 11:37:58 AM PST · by maddog55 · 34 replies · 1,836+ views
    Yahoo News ^ | 12/18/2009 | AFP World
    NASIRIYAH, Iraq (AFP) – Iranian forces took control of a southern Iraqi oil well on a disputed section of the border on Friday, US and Iraqi officials told AFP. "There has been no violence related to this incident and we trust this will be resolved through peaceful diplomacy between the governments of Iraq and Iran," a US military spokesman told AFP at Contingency Operating Base Adder, just outside the southern Iraqi city of Nasiriyah. "The oil field is in disputed territory in between Iranian and Iraqi border forts," he said, adding that such incidents occur quite frequently. An official of...
  • Iraqi general: Iranian troops 'occupy' oil well on Iraqi border

    Al-Amara, Iraq - Iranian troops have claimed an oil well on the border of southern Iraq, a senior Iraqi military officer said Friday. Iranian troops on Thursday "occupied" the "Number 4" oil well in the Eastern Maysan oil field, located in the border district of al- Fakah, Brigadier-General Dhafir Nadhmi said in a statement Friday. Nadhmi said that Iranian forces had taken control of the well, dug a trench around it, deployed armoured vehicles, and raised the Iranian flag over the well.
  • Iranian forces take over Iraq oil well

    12/18/2009 8:43:07 AM PST · by null and void · 60 replies · 3,633+ views
    AFP ^ | 12/18/09
    NASIRIYAH, Iraq (AFP) – Iranian forces took control of a southern Iraqi oil well on a disputed section of the border on Friday, US and Iraqi officials told AFP. "There has been no violence related to this incident and we trust this will be resolved through peaceful diplomacy between the governments of Iraq and Iran," a US military spokesman told AFP at Contingency Operating Base Adder, just outside the southern Iraqi city of Nasiriyah. "The oil field is in disputed territory in between Iranian and Iraqi border forts," he said, adding that such incidents occur quite frequently. Well 4 lies...
  • China: 26 police injured in fight with 200 oil workers, group says

    03/16/2009 3:50:03 AM PDT · by TigerLikesRooster · 18 replies · 520+ views
    26 police injured in fight with 200 oil workers, group says Fiona Tam 2009 ¦~ 3 ¤ë 15 ¤é South China Morning Post (c) 2009 South China Morning Post Publishers Limited, Hong Kong. All rights reserved. At least 26 police officers were sent to hospital with injuries and three patrol cars destroyed in a scuffle with 200 angry oilfield workers last Sunday, a Hong Kong-based human rights organisation said yesterday. The Information Centre for Human Rights and Democracy said more than 200 security guards from an oilfield in Jingbian county, Shaanxi province, equipped with steel helmets, wooden sticks and tear-gas...
  • The List: The World’s Largest Untapped Oil Fields

    12/01/2008 4:50:30 PM PST · by 2ndDivisionVet · 47 replies · 2,878+ views
    Foreign Policy ^ | December 2008 Issue | Jerome Chen
    In a world running low on oil, several countries are still sitting on massive supplies. If only they could get to them. The Ferdows, Mound, and Zageh Fields Location: The Persian Gulf, off the coast of southern Iran Estimated Reserves: 38 billion barrels Details: Discovered in 2003, these three interconnected fields are among the largest oil deposits ever found. Ferdows is the largest, with 30.6 billion barrels. This figure may seem astounding, but it’s usually not possible to extract all the oil from a field due to technological and financial constraints. Plus, assessing how much oil these deposits can actually...
  • Ventura County hot spot puzzles experts

    08/04/2008 10:31:45 PM PDT · by americanophile · 32 replies · 629+ views
    Los Angeles Times ^ | August 5, 2008 | Joanna Lin
    A patch of land in Ventura County's Los Padres Forest where the ground heated up to 812 degrees Friday continues to puzzle firefighters and geologists after a month and a half of monitoring. "It's a thermal anomaly," said Ron Oatman, spokesman for the Ventura County Fire Department. Firefighters first responded to the hot spot a month and a half ago, Oatman said. There were no visible flames, but they created a containment line about 2 feet wide and monitored the two-acre plot. Because the smoke was not going away, the containment line was widened to about 30 feet Friday, he...
  • Aging Prudhoe Bay field still holds a lot of hard-to-get oil

    04/10/2008 9:21:20 AM PDT · by george76 · 21 replies · 87+ views
    Alaska Journal of Commerce ^ | April 6, 2008 | Tim Bradner
    It has been 31 years since the Prudhoe Bay oil field began producing on the North Slope, and though the crude oil flowing from the big field today is less than a third of what it was during the peak years, Prudhoe is still the linchpin of North Slope production: Today it provides more than half the oil moving down the Trans-Alaska Pipeline System. Most of the new oil will have to come from the Prudhoe field and a second large field, Kuparuk, which is also showing its age. New oil could be found through exploration as well, but not...
  • Gunmen kidnap 9 foreigners at oil base in Nigeria

    01/09/2007 11:15:58 PM PST · by TigerLikesRooster · 2 replies · 509+ views
    Gunmen kidnap 9 foreigners at oil base in Nigeria 10 Jan 2007 06:57:54 GMT Source: Reuters More ABUJA, Jan 10 (Reuters) - Militants invaded a Daewoo oil services base in Bayelsa state in Nigeria's southern oil-producing Niger Delta overnight and kidnapped nine foreign workers, the Bayelsa state police commissioner said. Hafiz Ringim said he did not yet have details of the nationalities of the nine.
  • Where's the Oil in Asia? China and India Team Up.

    06/24/2006 5:31:12 PM PDT · by G. Stolyarov II · 1 replies · 291+ views
    PanAsianBiz ^ | June 20, 2006 | Dr. Bill Belew
    Asia has a paltry 5% of the world's oil reserves. Compare that to the former Soviet Union which has more than one fifth (20.8%) and Africa and the Middle East, which have nearly 2/3s of the oil reserves (60.5%). What to do...China National Petroleum Co. and India's Oil & Natural Gas Corp. teamed up to buy a Syrian oil field! I thought about doing that once -- buying a gas station. But then, I realized I still had to buy the gas before I could pump it out. The reason India and China went in to buy the field together...
  • BP launches shutdown to improve oil-field safety

    09/29/2005 5:43:59 PM PDT · by akdonn · 23 replies · 625+ views
    Anchorage Daily News ^ | 09-29-05 | By WESLEY LOY
    Oil giant BP, rattled by a string of industrial accidents, said Wednesday it will shut down and refurbish dozens of North Slope oil wells as part of a multimillion-dollar campaign to improve safety. The shutdown will knock out a big chunk of North Slope production -- about 20,000 barrels a day -- at a time when oil prices are running at historic highs in excess of $60 a barrel. Slope production has averaged 811,000 barrels per day so far this month. But oil field safety trumps high oil prices, and a review of some 2,000 wells in the huge Prudhoe...
  • British forces engage Iraqi forces north of Rumaila oil fields (My title)

    03/31/2003 12:44:48 AM PST · by LdSentinal · 2 replies · 154+ views
    BBC ^ | 3/31/03
    0627: The British army says it wiped out a significant amount of armour and infantry north of the Rumaila oil fields overnight.