Latest News

Ali Moshiri will retire from his position of president at Chevron Africa and Latin America Exploration and Production (E&P) Company effective 1 January 2017. Moshiri has held various leadership roles at Chevron over the course of his 38-year career, including manager of petroleum and facilities engineering, general manager of strategic planning and assets evaluation f…

Chevron named Clay Neff president of Chevron Africa and Latin America Exploration and Production (E&P), effective 1 January 2017. Neff, who is currently managing director of Chevron's Nigeria Mid-Africa business unit, will oversee the company's E&P activities in 15 countries across Africa and Latin America. In his current role, Neff is responsible for Chevron's upstre…

Surplus production in the oil markets is likely to grow in 2017, and long-term oil prices will track with costs and not revert to the margin-inflated patterns of the shale boom.

Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.

A new diagnostic technology that exclusively uses surface pressure data to map hydraulic fracturing in unconventional reservoirs has helped an operator to improve well completion designs in its Oklahoma field activities. 

The US EPA’s 2016 New Source Performance Standards updated the 2012 standards by adding requirements for the industry to reduce greenhouse gas emissions, specifically methane. The 2016 NSPS also covers hydraulically fractured oil wells and production, processing, transmission and storage activities.

Shell and GravityLight are working together in Kenya to convert the kinetic energy generated by the gravity of falling rocks to produce a safe, renewable source of light to those with no access to electricity .

Farstad appointed Brett Silich as a managing director for its Australian offices. Silich has previously worked in senior positions at Maersk, Subsea 7, and served a stint as chief executive officer at Velocious. He had been managing director at Wallaby Engineering since 2013. He holds an honors degree in mechanical engineering from Curtin University.

Suncor Energy added Michael Creel to its board of directors. Creel previously served as chief executive officer (CEO) and director of the general partners at Enterprise Products Partners, a provider of midstream energy services, from 2010 to 2015. He joined Enterprise Products in 1999 and held positions of increasing responsibility within the company. Creel also serve…

MMI Engineering, a technical consultancy, named John Evans as managing director. Evans has more than 25 years of professional experience, including stints as principal consultant at the GL Group and as general manager of ESR Technology’s Aberdeen office. He has been MMI’s UK operations manager since 2015, and since 2010 he has served as manager of the company’s office…

In this first of a two-part series, the author describes why the use of lump sum contracts for FEED services contract followed by an EPC contract does not fulfil the requirements to lower oil and gas facilities capex.

Geophysicists from Stanford University have compiled a map of new maximum horizontal stress orientations in Texas and surrounding areas, potentially giving operators new information for avoiding seismic activity in their hydraulic fracturing operations.