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GULF OF MEXICO (Reuters) – About 300 BP workers commute 150 mi by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. On the deck of Thunder Horse, they work two-week shifts, drink seawater from a desalination plant, and eat ribs ...

LONDON – GE Oil & Gas has signed a long-term agreement to collaborate with Eni East Africa, on the offshore Mozambique developments it operates. The move underlines the company’s commitment to expand its global footprint while supporting local investment in Africa, and re-affirms its leadership in large bore technology and cutting-edge subsea equipment and services. Since 2014, teams from GE ...

MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Sunday it had found its first oil field in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western sanctions. Rosneft and its partners plan to invest 480 billion roubles ($8.4 billion) in developing Russia’s offshore energy ...

Saudi Arabia’s crude exports are expected to fall below 7 million barrels per day this summer, according to industry sources familiar with the matter, and shipping data so far supports those figures. Saudi Energy Minister Khalid al-Falih said in May shipments were set to drop from June, particularly to the United States, as the top OPEC producer aims to limit ...

Vadim Yakovlev, the first deputy general director of Gazprom Neft, and Lance Marklinger, president of global sales for Weatherford International, signed a technology cooperation agreement at the St. Petersburg International Economic Forum. The agreement is valid for five years and is intended to further develop current business relationships and collaborations between the two companies. Under the signed document, the parties ...

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance. A fuel glut in China, a hangover from demonetization in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the world’s top four oil ...

Arriving fast during intercourse is a huge difficulty among men but it is also one that can be sorted away quite quickly. The harsh truth is that women nowadays expect you to last long more than enough to enjoyment them an if you can’t they are going to get their fun elsewhere.Allow me to share two tips on how to ...

HOUSTON — The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to U.S. energy security and ongoing role as a key economic engine for the region and nation. Since the giant oil field on Alaska’s North Slope began production, it has generated more than 12.5 Bbbl of oil — ...

MEXICO CITY (Bloomberg) — Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects. The Italian oil giant took three of the 10 areas awarded on Monday, the national hydrocarbons commission said during an event in Mexico City on Monday. The tender, Mexico’s fifth since it ended a state monopoly in 2014, garnered winning bids from Royal ...

ABERDEEN — Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes Statoil’s announcement regarding PDO of Njord and Bauge in the Norwegian North Sea. Graham Stewart, CEO of Faroe Petroleum commented: “Faroe are delighted at the efficient progress Statoil is making with this important project.  ...