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Crude oil

Mexico oil firm PEMEX picks McDermott to build three Gulf pipelines

Engineering firm McDermott has been awarded a contract from Mexican energy major PEMEX for the procurement, construction and installation of three oil and gas pipelines in the Bay of Campeche, each ranging from 8 to 20 inches in diameter.

Offshore advances make Gulf drilling safe - API

The US should more quickly issue permits for offshore drilling in the Gulf of Mexico as the industry has taken considerable steps to improve its safety practices, American Petroleum Institute CEO Jack Gerard said in a recent conference address.

Aker Solutions wins offshore loading systems contracts in Brazil

Aker Solutions has won two contracts worth 120 million NOK ($21.8 million) for the supply of its Pusnes offloading systems to two FPSOs in the Brazilian market.

CB&I awarded $150mn engineering deal for UK Golden Eagle offshore platforms

CB&I said Thursday that it was awarded a $150mn contract by Nexen Petroleum for the detailed engineering of two fixed platforms for the Golden Eagle field in the UK sector of the North Sea.

Baker Hughes selected by Terra to manage Russia oil and gas assets

Terra Resources, a London-based independent oil and gas firm, said Wednesday that it had picked Baker Hughes to manage the development of its oil and gas assets in Russia.

Shipper commitments sought for proposed Cushing-to-Houston crude oil pipeline

Enterprise Products and Energy Transfer announced on Wednesday the start of a binding open commitment period for available capacity on the proposed crude oil pipeline from Cushing, Oklahoma, to Houston. The pipeline would be designed and constructed as part of a 50/50 joint venture between the two partnerships.

Honeywell to begin work on new transportation fuels refinery in Iraq

UOP LLC, a Honeywell company, said Wednesday that its technology has been selected for a new transportation fuel refinery to be built in Iraq, with design to begin in the second quarter of 2011.

Oil industry job site notes massive yearly decline from Libya amid civil unrest

Oil and gas industry job site OilCareers.com expressed concern over the Libyan market, citing a drastic decline in visits from the country. In April 2010, 4,149 visits were recorded. But in April this year, there were only 13 visits amid the nation’s ongoing civil war, officials said on Wednesday.

NPRA urges approval of Keystone XL pipeline as House committee holds hearing on issue

Charles T. Drevna, president of the National Petrochemical & Refiners Association (NPRA), issued a statement on Monday in support of proposed legislation that would require the Obama administration to decide by Nov.1 whether to approve construction of the Keystone XL pipeline, which would transport oil from western Canada to refineries in Texas.

US can curb carbon emissions while boosting oil production - university study

The US should accelerate efforts to pursue carbon capture and storage (CCS) in combination with enhanced oil recovery (EOR), a practice that could increase domestic oil production while significantly curbing emissions of carbon dioxide (CO2), according to a report from the Massachusetts Institute of Technology (MIT) and the University of Texas at Austin.