Industry News

Maryland Stormwater Partnership Ahead of Schedule, Under Budget

The Clean Water Partnership (CWP), a 30-year community-based public-private partnership between Prince George’s County, Maryland and Corvias, said it has completed its initial pilot phase.

Russia May Ship Gas via Ukraine After 2019: Report

Russian Prime Minister Dmitry Medvedev said that Moscow was ready to keep gas transit through Ukraine after 2019, despite the construction of Nord Stream 2 pipeline.

Feds Fund Houston-Area Stormwater Tunnel Feasibility Study

The Harris County Flood Control District, whose systems were overwhelmed by Hurricane Harvey in 2017, is set to begin a $400,000 study into the feasibility of constructing large-diameter, deep underground stormwater conveyance tunnels.

China Plans State Pipeline Company in Massive Energy Reshuffle

China will announce a plan this year to form a national oil and gas pipeline group combining the long-distance pipeline assets of the country’s state-owned energy companies, in the sector’s largest reshuffle in two decades, said three persons with knowledge of the plan.

Top oil, gas companies converge in Cyprus to discuss regional outlook

Executives from leading oil and gas companies including Eni, ExxonMobil, Hellenic Petroleum, Noble Energy and Total are gathering in Cyprus to discuss the industry’s future direction in the Eastern Mediterranean.

Fatal earthquake shakes China’s shale drilling region

The backlash against shale drilling in earthquake-prone regions -- a thorn in the side of U.S. energy companies for the past decade -- reached China this week after a series of temblors killed two people and reduced homes to rubble.

Half-billion dollars of sanctioned oil sits offshore Venezuela

Venezuela is running out of space to store its sanction-stained crude that few dare to buy, forcing it to reduce output at a time when the world is thirsty for heavy, sulfurous oil.

Rival presidents face off as Venezuela's economy crashes

Despite severe US sanctions, President Maduro is standing firm. But how long can the political impasse last while oil production continues to decline?

ExxonMobil employees inspire girls to pursue engineering fields

More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career.

Marathon oil signs agreement for divestiture of UK business

Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS). The transaction represents a complete country exit for Marathon Oil.

McDermott awarded substantial offshore EPCI contract from Saudi Aramco

McDermott International, Inc. has announced a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.

It’s official: U.S. production reaches 12.0 MMbopd for a new record

Somewhat to its own surprise, the U.S. Energy Information Administration (EIA) estimates that U.S. crude oil production averaged 12.0 MMbpd in January, up 90,000 bpd from December 2018’s level, and setting yet another all-time U.S. oil output record. This breaks the previous record of 11.91 MMbopd set in December.

AMLO's attack on energy regulator stirs concern dissent being silenced

Mexican President Andres Manuel Lopez Obrador has called the Supreme Court dishonest, lambasted Fitch Ratings as hypocritical and accused prior leaders of leaving a pigsty of corruption. But since taking office, he’s never gone after someone the way he has the nation’s energy regulator.

Petrobras says oil spilled in Campos Basin in Espirito Santo

Petrobras said about 188 m3 of oil was spilled at platform P-58 at Bacia dos Campos during a routine transfer to a vessel.

ExxonMobil to increase Permian profitability through digital partnership with Microsoft

ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.

Cabot Oil & Gas Corporation claims 2018 as best year, so far

Cabot Oil & Gas Corporation has announced the best year of its nearly three-decade public-company history that provided record financial results, the culmination and in-service of several long-dated infrastructure initiatives, and continued momentum on the free cash flow front.