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Crude oil deliveries to the strategic petroleum reserve will be delayed by seven months due to maintenance, the Department of Energy has said. Due to site maintenance, the SPR rescheduled crude oil secured from previous solicitations, as well as exchanges, through December 2025,” a Department…
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS PTAS Aker Solutions Secures Contract Extension with Brunei Shell Petroleum by Paul Anderson | Rigzone Staff | Tuesday, June 10, 2025 | 2:28 AM EST The contract involves maintenance and upgrades to sustain production levels across offshore assets in the South China Sea.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
Asias imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel. Asias imports of light and middle distillates slumped to 166.37 million barrels in April, down from 195.54
In alignment with Egypt’s petroleum sector’s social responsibility strategy and its commitment to community development, the Ministry of Petroleum and Mineral Resources (MoPMR) has inaugurated the development and rehabilitation projects of the villages of Aleppo, Khaled bin Al-Walid, and Abu Masoud in Alexandria.
Production Maintenance and Troubleshooting: Troubleshooting production issues, such as equipment failures or flow problems. Implementing maintenance plans to ensure equipment reliability and minimize downtime. Analyzing production data to improve operations and implement strategies for enhanced production efficiency.
Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance. Valero Energy reported a sharp year-over-year profit drop to $282 million as heavy maintenance activity and softer renewable diesel margins weighed on results. Other major U.S.
Equipment Maintenance: Technicians are responsible for the maintenance and calibration of equipment used in oil and gas operations. Assisting in Field Operations: Engineering Technicians may work in the field alongside engineers to assist with the installation, operation, and maintenance of equipment.
That’s why regular inspections and maintenance aligned with API 510 standard [.] These industries depend on high-pressure systems, where even minor failures can lead to serious risks, operational downtime, or costly damage. The post API 510 Pressure Vessel Inspection Explained appeared first on PetroSync Blog.
Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two were midstream companies, one was in the gasoline stations with convenience stores category, one was a petroleum refinery company, and one was an oil and gas operator, TIPRO noted in the statement.
Wood has announced a trio of reimbursable contract extensions worth US$118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC Internationals UK business.
Minister of Petroleum and Mineral Resources Karim Badawi witnessed the proceedings of the General Assembly meeting of the Egyptian Company for Operation and Maintenance of Projects (EPROM) to review its 2024 business performance. The post EPROMs 2024 Net Profits Reached EGP 1.096B first appeared on Egypt Oil & Gas.
Midland College has the Advanced Technology Center (ATC) and Petroleum Professional Development Center (PPDC). Industrial Technology Program : Focuses on manufacturing practices and processes, preparing students for roles such as process technology management, manufacturing processes, and maintenance and operations.
The first project consists of an asset criticality assessment to identify the impact of potential asset failures on critical site equipment; and the development of a comprehensive maintenance strategy, with failure analysis, and preventative and predictive maintenance technologies.
CSSP-ITT-06 from Basra Oil Company (BOC) to China Petroleum Pipeline Engineering Co., The contract will be executed over 54 months, including 42 months for engineering, procurement, and construction (EPC) and 12 months for operation, maintenance, and training.
Kazakhstan has exceeded its output quota of 1.468 million bbl/d under the production curbing agreement established by the Organization of the Petroleum Exporting Countries and its allies, including Russia (OPEC+). Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83
Minister of Petroleum and Mineral Resources Karim Badawi emphasized that workforce development is pivotal to the petroleum sectors success and urged continued prioritization of occupational health and safety in the sector. It also conducted training programs for more than 400 workers, Shehata added.
Engineering consultancy Wood has secured three offshore contract extensions worth $118mn for Shell UK, Dana Petroleum and CNOOC Internationals UK business, it said May 7. The operations and maintenance contracts will continue to be supported by around 500 Wood employees in Aberdeen.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Natural Gas Vehicles Company (Cargas)to review its fiscal year results in 2024, reaffirming the ministrys full support for the companys services and praising its partnership with bp.
Representatives from the Association of the Petroleum Industry of Kurdistan (APIKUR) member companies met with officials from the Government of Iraq (GoI) and the Kurdistan Regional Government (KRG) on March 6 to discuss the resumption of oil exports through the Iraq-Trkiye Pipeline. By John Lee.
Minister of Petroleum and Mineral Resources Karim Badawi presided over the general assembly meeting of the Egyptian Fajr Natural Gas Company to review its fiscal year results for 2024. He stressed developing a comprehensive, integrated plan with clear timelines, emphasizing safety, environmental compliance, and community engagement.
As part of its agreement with SMD, Methanex will provide maintenance services alongside the supply of up to 160 tons of methanol per day (58,400 tons of methanol per year). The operations are expected to start in October 2025.
REGENT will manufacture its electric seagliders in the UAE and will provide aftermarket services such as maintenance, boosting local manufacturing capabilities and strengthening the UAEs industrial base.
They are specifically designed to capture Volatile Organic Compounds (VOCs) that would otherwise escape into the atmosphere during the storage and transfer of petroleum products and other VOC-containing liquids. Q: What are the maintenance requirements for VRUs? Regular maintenance is crucial for optimal VRU performance.
Vicki Hollub, Occidental Petroleum U.S. Shale wells lose 3040% of their production in the first year. That means without continuous drilling, output falls off a cliff. Shale is a treadmillyou stop, you slide. shale doesnt have the luxury of coasting. Ryan Lance, ConocoPhillips This isnt just about domestic energy security.
11] In the current economic climate, slim margins can raise lease maintenance questions concerning production in paying quantities. 1] Louisiana Mineral Code article 124; Menoah Petroleum, Inc. 5] They include fixed or periodic cash expenditures incurred in the daily operation of a well. [6] McKinney , 545 So.
Plaintiff, Robert dePerrodil, was a 70-year-old oilfield consultant who worked for Petroleum Engineers, Inc. (“PEI”). In fact, the LHWCA’s intent was to cover those maritime workers who “do not necessarily qualify for maritime maintenance and cure because a significant portion of their work is done on shore.”
Yet as a roustabout you will acquire a lot of valuable skills in drilling equipment maintenance, for example, and electrical systems, as well as expertise that would then open up more specialised positions. The job of the roustabout is the one with the heaviest lifting and most prolonged work hours, and it also pays the least.
Gulf Keystone Petroleum (LSE: GKP) provided an operational and corporate update ahead of its AGM on Friday, reaffirming its 2025 production and financial guidance despite regional uncertainties. By John Lee. Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900
will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. Former President Joe Biden’s administration scheduled 15.8
Gulf Keystone Petroleum (GKP) today announced its results for the full year ended 31 December 2024. 20 million: Safety and maintenance upgrades at PF-2, scheduled for Q4 2025 and expected to require the shut-in of the facility for c.3 By John Lee. Shares were trading up more than two percent at lunchtime. million, relative to a $13.1
House Republicans have introduced the Budget Reconciliation Bill, which will include funding to begin refilling the Strategic Petroleum Reserve (SPR)a key promise of President Donald Trump.
” The Organization of the Petroleum Exporting Countries (OPEC) has raised oil output by more than previously expected since April, with May output likely to increase by 411,000 barrels per day. The market is now evaluating the impact of the trade truce, said PVM analyst Tamas Varga.
The current tightness in the differential is being driven by low western Canadian inventories and maintenance on facilities and may eventually fade, said Jon McKenzie, chief executive officer of oil sands producer Cenovus Energy Inc. and chairman of the Canadian Association of Petroleum Producers.
Analysts warn that cuts could impact vital data on petroleum, natural gas, and renewables. AI is enhancing productivity, reducing downtime, and improving maintenance in the oil and gas sector. The EIA may lose up to 100 staff due to layoffs, resignations, and buyouts, raising concerns about the reliability of key energy reports.
With non-OPEC+ producers around the world not growing their production and entering seasonal maintenance, the OPEC+ decision to add extra barrels in May and June fits well into that agenda. The US could take advantage of softening prices to fill the strategic petroleum reserve (SPR) with Middle East barrels.
billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. billion to purchase oil to help replenish the SPR, the worlds largest emergency stockpile of crude, and $218 million for maintenance of the facility.
will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. billion for purchases and SPR maintenance. (BOE Report) – The U.S. So far this year only 8.8
still needs the Strategic Petroleum Reserve at all. billion in an earlier iteration of the bill, with another $218 million earmarked for maintenance. President Donald Trump’s signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his previous vow to fill them “right to the top”.
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