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Oil & Gas News

Borr Drilling Announces Contract Commitments

Borr Drilling has announced new contract commitments for three of its jack-up rigs, totaling 495 days and $82.2 million in contract revenue, excluding mobilization and demobilization. Borr Drilling is an offshore drilling contractor that owns and operates a fleet of modern jack-up rigs. BW Energy has extended the contract for the Norve by approximately two […]

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Oil & Gas News

Alberta Utilities Commission fines Avex Energy for Illegal Power Plant Operation

Canadian natural gas producer and power generator Avex Energy has been fined $240,000 by the Alberta Utilities Commission (AUC) for operating a natural gas-fired generator without regulatory approval. According to an agreed statement of facts, Avex Energy ran the Red Willow power plant in Stettler Country from April to December 2021, without being licensed by […]

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Oil & Gas News

Centrica and Repsol Sign LNG Supply Deal

Centrica, a leading UK energy company, has announced a deal with Repsol, a Spanish energy giant, to purchase one million tonnes of liquefied natural gas (LNG) shipments between 2025 and 2027. The LNG will be delivered to the Grain LNG import terminal in Kent, which is one of the largest in Europe and can supply […]

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Oil & Gas News

QatarEnergy Awards Nakilat Ownership and Operation of 25 LNG Vessels

QatarEnergy, the state-run energy company of Qatar, has awarded Qatar’s Gas Transport Company Limited, Nakilat, with the full ownership and operation of 25 conventional-size liquified natural gas (LNG) carriers under a Time Charter Parties (TCP) agreement, the Qatari gas giant announced on Saturday. A TCP stipulates that a shipowner leases a fully equipped and manned […]

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Oil & Gas News

Diamondback Energy and Endeavor Energy to Merge in $50 Billion Deal

Diamondback Energy Diamondback Energy is a publicly traded, independent oil and natural gas company headquartered in Midland, Texas. The company focuses on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin. Diamondback’s activities are primarily directed at the horizontal development of multiple stacked pay zones in […]

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Oil & Gas News

Helix, Siem Offshore Announce Contract Extensions

Helix Energy Solutions Group, Inc., an international offshore energy services company, has announced the extension of its decommissioning contract with Trident Energy do Brasil Ltda, a subsidiary of Trident Energy L.P., an independent oil and gas company focused on acquiring and operating mid-life oil and gas assets. The contract extension is for an additional 12 […]

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Oil & Gas News

ConocoPhillips Bids for Citgo Using Claims, Not Cash

Citgo Petroleum, a Houston-based oil refiner owned by Venezuela’s state oil company PDVSA, is at the center of a historic case to settle Venezuelan debts. The South American nation has defaulted on billions of dollars of bonds, and expropriated assets from foreign companies, including ConocoPhillips. Conoco’s Claim ConocoPhillips is the largest creditor in the case, […]

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Oil & Gas News

Trans Mountain Receives Order for Environmental Non-Compliances

What Happened The Canada Energy Regulator (CER) issued an Inspection Officer Order to Trans Mountain on January 31, 2024 for environmental non-compliances near Abbotsford, BC. The order was issued after an inspection of the pipeline expansion project in response to recent flooding. The inspection found multiple environmental deficiencies. These included: The CER ordered Trans Mountain […]

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Oil & Gas News

Aera Energy and California Resources Corporation Announce Merger

What does the merger mean for the companies and the industry? Aera Energy and CRC are two of the largest oil and gas producers in California, with complementary assets, operations and expertise. By joining forces, they aim to create a stronger and more resilient company that can deliver value to shareholders, customers, employees and communities. […]

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job scammers and online recruitment scams
Articles Oilfield Jobs

Avoiding Job Scams in the Oil and Gas Industry

The oil and gas industry is a lucrative and competitive sector that attracts many job seekers. It is also a lucrative target for evil fraudsters who use various techniques to scam unsuspecting candidates, using their hopes and dreams against them. Many people fall victim to these online recruitment scams, so let’s look at some of […]

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