Stephen Morris

Loves nature, loves work and loves to have fun.

[Stephen Morris @MorrisStephan2]

Unite workers vote for offshore industrial action,Unite the union has today (22 February) announced that its offshore membership have voted overwhelmingly for industrial action on the Elgin-Franklin, Shetland Gas Plant, North Alwyn and Dunbar platforms.

[Stephen Morris @MorrisStephan2]

Alberta Expects $1.7 billion Profit from Crude-by-rail Operation, The Canadian province, which holds the world’s third-largest crude reserves, plans to net $1.7 billion (C$2.2 billion) after investing $2.8 billion (C$3.7 billion) to lease tank cars and buy service from rail provi

[Stephen Morris @MorrisStephan2]

IEA Says Venezuela Crisis Risks Disrupting Global Crude Market,The political crisis in Venezuela risks disrupting global crude markets as the type of oil pumped by the OPEC member becomes increasingly scarce, according to the International Energy Agency.

[Stephen Morris @MorrisStephan2]

#IndiaSet to #HoldThirdOil,Gas Block Auction Under New Policy,India announced a third round of auctions in a year for oil and gas blocks under a more liberal policy,targeting to raise as much as$700million in exploration investments as the country seeks to cut its reliance on imp

[Stephen Morris @MorrisStephan2]

Iran Oil Industry Faces Bleak Outlook 40 Years After Revolution,As Iran’s Islamic Republic enters a 5th decade,its energy industry has little to celebrate.The countrys crude output has yet to recover to pre-revolution levels and is unlikely to do so for many years,even without US

[Stephen Morris @MorrisStephan2]

#Petrofac #Secures #UK #Well #Service #Agreement, Petrofac’s Engineering and Production Services (EPS) business has added to its growing well engineering portfolio with the award of a contract from independent exploration and production company, Siccar Point Energy.

[Stephen Morris @MorrisStephan2]

#UK Tells #Fracking #Industry It #Won’t #Relax Rules On #Earth #Tremors, The UK government has rejected calls from shale gas companies to loosen limits on earth tremors, in a potentially fatal blow to British fracking.Ineos and Cuadrilla said the rules, which require drilling

[Stephen Morris @MorrisStephan2]

#SuncorSees #AlbertaOil Cuts Ending Early as Prices Over-correct, Suncor Energy Inc. CEO SteveWilliams said he expects Alberta’s mandated oilproduction cuts to end earlier than planned after the program boosted heavy crude prices so much that it made purchases unprofitable for US

[Stephen Morris @MorrisStephan2]

#Suncor Sees #Alberta #OilCuts #Ending #Early as #Prices #Overcorrect, Suncor Energy Inc. CEO Steve Williams said he expects Alberta’s mandated oil-production cuts to end earlier than planned after the program boosted heavy crude prices so much that it made purchases unprofitable

[Stephen Morris @MorrisStephan2]

#Venezuela #OilSanctions #Working to #Pressure #Maduro, Mnuchin Says,
Treasury Secretary Steven Mnuchin said U.S.-imposed oil sanctions are putting pressure on the embattled Venezuelan President Nicolas Maduro, who the U.S. is trying to oust.

[Stephen Morris @MorrisStephan2]

U.S. Challenges Court Ruling that Blocked Keystone XL Pipeline, The Trump administration is appealing a federal court in Montana’s decision to block TransCanada Corp.’s $8 billion Keystone XL crude pipeline project.

[Stephen Morris @MorrisStephan2]

#NorthSeaOilServicesSector #Suffers its Biggest Fall in #Profits Since #2014 Crisis, The UK oilfield services sector (OFS) had another challenging year in 2017 with turnover for companies in the sector falling by nine per cent and earnings margins falling by 2.2 percentage points

[Stephen Morris @MorrisStephan2]

#ExxonMobil, #Qatar #Bet on #US. #GasExport with $10 #billion #Project,ExxonMobil Corp. and Qatar Petroleum are officially moving forward with a $10 billion liquefied natural gas export terminal in Texas,the latest in a series of massive projects designed to send U.S. shale suppl

[Stephen Morris @MorrisStephan2]

#Anadarko #Makes #LNGSale and #Purchase #Agreement with #TokyoGas and #Centrica, Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd. the jointly owned sales entity of the Mozambique Area 1 co-venturers,has signed a sale and purchase agreement (SPA)

[Stephen Morris @MorrisStephan2]

#US. #Sanctions Put #Pressure on #Rosneft’s #Venezuelan #Investment, As U.S. sanctions against Venezuela’s state oil company ripple through the market, there’s one company with more at stake than most: its Russian counterpart,Rosneft CEO Igor Sechin has personally spearheaded Rus

[Stephen Morris @MorrisStephan2]

Rowan Signs Contract with Lundin Norway, Rowan Companies plc has announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well program by Lundin Norway AS in Norway for a minimum duration of 265 days.

[Stephen Morris @MorrisStephan2]

The Curious Case of Norway's 60 MMbbl of Missing Oil, Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises.During the worst downturn in a generation, from 2014 to 2016

[Stephen Morris @MorrisStephan2]

OPEC Production Cuts Signal Age of Abundance, Three years ago, influential figures in the oil industry were sounding a clear warning: prices were too low, investment was collapsing and by the end of the decade the world would face a shortage.

[Stephen Morris @MorrisStephan2]

Lundin Norway AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 16/1-31 S in production license 338 in the Barents Sea.The well will be drilled about 4 km northeast of the Edvard Grieg facility in the central North Sea using the Ocean Rig

[Stephen Morris @MorrisStephan2]

Benefits of #AlbertaOil #Curtailment #ProgramFading, The sugar high from Alberta’s crude curtailment program may be wearing off.While the program has sent heavy Canadian crude prices surging from record lows to decade highs, it hasn’t done nearly as much to boost companies’ share