oil production News

Okla. Supreme Ct. Ruling Shows Policyholders Shouldn’t Depend on Agent’s Representations

New Dominion LLC taps into oil and natural gas reserves that many production companies avoid. The Tulsa, Oklahoma company operates hundreds of wells that produce from hydrocarbon reservoirs that are saturated with water from ancient aquifers. When oil or gas …

U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End

HOUSTON — Royal Dutch Shell, the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. …

No Hurricane Has Hit U.S. Energy Markets Quite Like Ida Has

Only about 20% of Gulf of Mexico oil and gas production is back online after Hurricane Ida battered south-east Louisiana, marking a even slower comeback than in the wake of Katrina. More than a week after the Category 4 storm …

Floods, Outages Stall Energy Firms’ Restart Efforts After Ida

HOUSTON — Widespread flooding from Hurricane Ida and power outages on Tuesday slowed efforts by energy companies to assess damages at oil production facilities, ports and refineries. Nearly all of Louisiana lost electrical power on Monday after one of the …

Norway’s Oil Workers Fear for Future as Rigs Go Remote

OSLO — A shift to operating oil rigs remotely from land, which has been accelerated by lower crude prices, has rekindled concerns among Norwegian unions over the impact on the safety of offshore workers and the loss of well-paid jobs. …

Energy Companies Restore U.S. Gulf Production After Hurricane

HOUSTON — Energy companies forged ahead restoring oil and natural gas production in the U.S.-regulated northern Gulf of Mexico on Monday, three days after Hurricane Delta made landfall, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Shut offshore …

Hurricane Delta Halting Oil Production From Platforms, Refineries

HOUSTON — Hurricane Delta raked across the Gulf of Mexico, halting most of the region’s offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began securing coastal processing plants. The storm was about …

Shell, Murphy Evacuating Non-Essential Workers From U.S. Gulf Due to Storm

Royal Dutch Shell Plc and Murphy Oil Corp began evacuating non-essential workers from the U.S. Gulf of Mexico on Thursday because of the threat from Tropical Storm Cristobal. Shell said its production and drilling operations in the U.S.-regulated northern Gulf …

Ransomware Attack At Mexico’s Pemex Halts Work, Threatens To Cripple Computers

MEXICO CITY — A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major company. Hackers have …

Oil Trims Losses on Conflicting Signals About Saudi Recovery

Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times report citing unidentified Saudi sources contradicted an earlier article from Reuters that the kingdom is close to restoring …