Tag: oil

BP is moving its Lower 48 regional headquarters to Denver from Houston, with the purpose of putting the company in a better position to manage about two-thirds of its onshore oil and gas properties and to invest further across the Rocky Mountain West.

Ten of the world’s biggest oil companies plan to invest an average of USD $100 million annually over the next 10 years in low-carbon technologies.

LOOP's deepwater port recently unloaded its 10,000th crude oil vessel. The Louisiana Offshore Oil Port's marine terminal has accepted crude oil from tankers around the globe since 1981, sending more than 13 billion barrels inland by pipeline to storage facilities in south Lafourche and on to refineries across the country.

American oil giant, ExxonMobil, has discovered more oil offshore Guyana as it continues its exploration. According to ExxonMobil's partner, Hess Corporation, the Liza 3 well was drilled to a depth of 18,100 feet in 6000 feet of water on a location about 2.

Emerson Process Management, a global business of Missouri-based Emerson, has been awarded a contract to automate the Maersk Oil Culzean gas field development in the North Sea.

Brazil’s Petrobras has begun production on the platform P-61 in Papa Terra field, which is located near the southern perimeter of the Campos Basin (State of Rio de Janeiro), approximately 110 kilometers off the coast of Brazil.

Colombia's state-run Ecopetrol has more than doubled the capacity of its Transandino pipeline after inaugurating a $2.9 million high-altitude pumping station that will cut costs for oil produced in the country's south.

The American Petroleum Institute (API) has reported that during a recent house energy hearing, lawmakers were considering more ways to move toward lifting US trade restrictions on crude oil this year. “The US energy revolution has transformed the global landscape, creating countless economic opportunities for American workers and consumers,” said API Executive Vice President for Government Affairs Louis Finkel.

The manufacturer of American made instrumentation valves, tube fittings and tubing, SSP, has opened the first CNG Plus™ Service Center in Tulsa, Oklahoma. CNG Plus™ Service Centers provide local support to contractors.

Enbridge announced plans to build, own and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corporation, to an existing third-party pipeline system.