Tecpetrol will invest $2.3 billion in the Vaca Muerta shale fields through 2019, Guillermo Pereyra, a union leader and senator says. Link to full article: Union Leader: Argentina’s Tecpetrol To Invest .3B In Vaca Muerta Source: RigZone
Oil prices dipped, struggling to recover from four-month lows. Link to full article: Oil Slips, Inventories Curb Recovery From Four-Month Lows Source: RigZone
Big oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea. Link to full article: Oil Majors Plunge Into Industry That May Hurt Fossil Fuel Source: RigZone
The US State Department will approve by Monday the permit needed to proceed with construction of the Keystone XL oil pipeline, according to Politico. Link to full article: Politico: US State Dept To Approve Keystone Pipeline Permit Source: RigZone
Saudi Arabia maintains its spot as China’s top oil supplier in February, 2 months into the first OPEC output cuts in almost a decade. Link to full article: Saudi Retains Top Oil Supplier To China Despite YOY Drop Source: RigZone
China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October. Link to full article: CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October Source: RigZone
Sonatrach Group plans to boost crude output by 14% in the four years to 2019 and invest billions of dollars in exploration. Link to full article: Algeria’s Sonatrach to Invest Billion, Boost Oil Output Source: RigZone
As OPEC and non-OPEC members convene this weekend to weigh progress, member-state self-preservation likely to enable market intervention keeping crude oil cuts in place for another six months. Link to full article: BLOG: Decisions, Decisions – Will OPEC/NOPEC Extend Oil Cuts? Source: RigZone
HeliOffshore confirms the safety of North Sea helicopter operations following a number of helicopter incidents in the region last year. Link to full article: HeliOffshore Deems North Sea Helicopter Operations Safe Source: RigZone
Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California. Link to full article: Shell Reluctant To Part With California Refinery Amid Asset Sale Source: RigZone
The Oil and Gas Authority (OGA) awards 25 licenses for 111 blocks, or part blocks, to 17 companies in the 29th Offshore Licensing Award. Link to full article: OGA Awards 25 Licences for 111 UKCS Blocks in 29th Offshore LA Source: RigZone
China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October. Link to full article: CNPC Sees 4th Leg Of Shaanxi-Beijing Pipeline Operational In Oct Source: RigZone
China’s offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year. Link to full article: China’s CNOOC Reports Worst Result Since 2011, Forecasts Output Rise Source: RigZone
3 of Asia’s top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity. Link to full article: Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts Source: RigZone
A UK Minister has described instances of discrimination against oil and gas workers by potential employers as a ‘misguided’ approach. Link to full article: UK Minister Brands Oil Worker Discrimination as Misguided Source: RigZone