The Top 9 Stories You Need To Know About Today In O&G #topstories


It is 8am in Houston, 2pm in London, 5pm in Dubai, and 9pm in Singapore. And here are the top O&G news stories for today, Tuesday, June 30, 2015.

French Union Calls For Nationwide Refinery Strike This Thursday. France’s CGT union, which represents Total workers, has called for a nation-wide strike July 2 at refineries, oil depots and crude import terminals to protest the company’s plan to halt processing crude at the La Mede facility. [Oilpro]

BP’s Chief Economist Sees US Shale Weathering Oil Surplus. Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP’s (BP.L) chief economist said on Tuesday. [Reuters]

The Russia/China Energy Partnership Just Got Stronger, Thanks To The “Power Of Siberia.” On Monday, China officially started construction of a huge pipeline to import hundreds of billions of dollars worth of Russian natural gas. [Oilpro]

Technip Working On Topsides For Libra Field FPSO. French provider of oilfield services Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. [Oilpro, Offshore Energy Today]

Construction Has Begun At One Of The Biggest Oilfields Ever Discovered On The Norwegian Continental Shelf. Norway’s state-run Statoil said Monday that production of the first elements on the Johan Severdrup project has started. Kvaerner metal worker Stian Myrvold Green started up the machine that will cut the steel for the riser platform jacket on the Johan Sverdrup field. [Oilpro]

Oil Majors Need A New Model To Deal With $60 Oil, Report Says. A report published by Morgan Stanley and The Boston Consulting Group says that the world’s top oil companies should change their business model to increase shareholder returns amid the lower price environment. [Oilpro]

Europe’s Largest Engineering Company Given Nod For $7.6bn Acquisition Of Dresser-Rand. European Union regulators green-lighted Siemens AG’s $7.6 billion acquisition of one of the largest suppliers of rotating equipment solutions to the oil and gas industry, Dresser-Rand. [Oilpro]

Vitol, Helios Pay $276 Million For Nigerian Downstream Business. Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million. [Bloomberg]

New Midstream JV To Build 700,000 Barrel Oil Storage Facility Along Houston Gulf Coast. Magellan Midstream Partners and LBC Tank Terminals announced Monday the formation of a $95 million joint venture for a crude oil storage and transportation project in the Houston Gulf Coast region. [Oilpro]

Aastha Sharma Is Oilpro’s Human of O&G Today. He says: “In this picture from 2012, I was working with Petrofac in Kepples Yard Tuas in Singapore as Planning Manager on the Berantai FPSO project.” [Oilpro] Source: Industry News