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Industry Headlines

Statoil Tests Methane Emissions Technology in Eagle Ford
Thursday, January 19, 2017 Statoil is conducting field tests of an IoT methane emissions technology.
The Church of England Conditionally Backs Fracking
Thursday, January 19, 2017 The Church of England has conditionally backed fracking in the UK but warned that any development of shale gas reserves in the country must not distract or delay efforts to expand low-carbon renewable energy.
Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Thursday, January 19, 2017 Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.
Big Oil Back On The Acquisition Trail As Outlook Brightens
Thursday, January 19, 2017 The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves.
Could Trump Take Pointers from ExxonMobil's Tillerson on Cybersecurity?
Thursday, January 19, 2017 President-elect Trump could take some pointers on cybersecurity from former ExxonMobil CEO Rex Tillerson.
Indonesia Overhauls System For Future Oil, Gas Contracts
Thursday, January 19, 2017 Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government.
Trump's Energy Pick Perry Softens Stance On Climate Change
Thursday, January 19, 2017 As energy secretary, he would lead a vast scientific research operation credited with helping trigger a US drilling boom and advancements in energy efficiency and renewables technology.

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Exploration

CNOOC to Drill 126 Exploration Wells in 2017
Thursday, January 19, 2017 CNOOC Limited will drill 126 exploration wells and acquire approximately 5,000 square miles of 3D seismic data in 2017, according to its latest business strategy and development plan.
Statoil Granted Drilling Permit for Well 6507/3-12 Offshore Norway
Wednesday, January 18, 2017 The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, located in production license 159B, offshore Norway.
Norway Awards 56 Oil And Gas Licences In Mature Areas
Tuesday, January 17, 2017 Norway's oil ministry awarded 56 offshore exploration licences on Tuesday in a bid to lift output from acreage located near existing oil and gas fields.
Eni: Oil, Gas Discovery in Norwegian Sea
Tuesday, January 17, 2017 Eni announces that a new oil and gas discovery has been made within the PL128/128D licenses in the Norwegian Sea.
Brazil May Hold Second Sub-Salt Oil Licensing Round This Year
Tuesday, January 17, 2017 Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt.
Tullow Finds Oil in Kenyan Erut-1 Well
Tuesday, January 17, 2017 Tullow Oil plc announces that the Erut-1 well in Block 13T, Northern Kenya, has discovered oil.

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Production

Lundin's Development Expenditure to Top $1B in 2017
Thursday, January 19, 2017 Lundin's development expenditure in 2017 will total $1.095 billion.
Russia's Zapolyarye-Purpe Oil Link To Pump 7.5 MM T In 2017
Wednesday, January 18, 2017 Russia's Zapolyarye-Purpe oil pipeline will pump 7.5 million tons of oil in 2017.
Russia Launches New Domestic Oil, Gas Pipelines
Wednesday, January 18, 2017 Russia launches a new domestic gas pipeline and 2 new oil pipelines at a ceremony attended by President Vladimir Putin.
Gazprom Neft Says Output At Badra Field In Iraq Near 3MM T In 2016
Wednesday, January 18, 2017 Russian oil producer Gazprom Neft says output at its Badra oil field in Iraq was approaching 3 million tons for 2016.
CNOOC Commences Production from Enping 23-1, South China Sea
Wednesday, January 18, 2017 China's CNOOC Limited has commenced production from the Enping 23-1 oilfields, located in the Pearl River Mouth Basin of the South China Sea.
China's Crude Oil Output Will Fall 7% By 2020
Tuesday, January 17, 2017 China's crude oil output is expected to drop by 7% by 2020 compared with the previous 5-year plan as output from some of the nation's largest, but oldest, wells falls.

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Finance and Investing

Mercuria Introduces Blockchain To Oil Trade With ING, Socgen
Thursday, January 19, 2017 Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out digital technology.
Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda
Tuesday, January 17, 2017 Russian state bank VTB financing the privatisation of Rosneft last year is a commercial issue which is not on the Kremlin's agenda, Kremlin spokesman Dmitry Peskov says.
Oil Prices Might Eventually Feed Into Core Inflation, ECB's Nowotny Says
Tuesday, January 17, 2017 Core inflation in the euro zone has not increased significantly but a rise in energy prices might eventually drag it upwards, European Central Bank Governing Council member Ewald Nowotny says.
Saudi Aramco Chief Promises Oil Tax Cut to Lure Investors to IPO
Tuesday, January 17, 2017 Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering.
Mexico's IEnova Will Invest $800M for Pipelines in 2017
Monday, January 16, 2017 Mexican energy infrastructure firm IEnova, a unit of US-based Sempra Energy, will invest $800 million this year on eight projects, CEO says.
EU Energy Watchdog: Serbia Should Rework Gas Deal With Gazprom
Monday, January 16, 2017 Serbia should renegotiate its long-term gas supply deal with Russia's Gazprom, a body in charge of extending the EU's energy policy says.

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Company Operations

Croatia Steps Up Plans For Buyout Of Oil Group INA
Thursday, January 19, 2017 The Croatian government has stepped up plans to take full control of oil group INA by setting up a special body to prepare a model for the buyout of Hungarian energy company MOL's 49% stake.
Malaysian Drilling Services Firm UMW-OG To Buy Icon Offshore
Thursday, January 19, 2017 Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) says it will buy offshore support vessel provider Icon Offshore Berhad after agreeing to a share sale with its major shareholder.
Sound Energy Looks to Buy OGIF's Assets in Eastern Morocco
Thursday, January 19, 2017 Sound Energy signs a non-binding heads of agreement for the acquisition of all of Oil & Gas Investment Fund's (OGIF's) assets in Eastern Morocco.
Oil, Gas Companies Lay Off More Workers in Texas
Wednesday, January 18, 2017 Transocean and Swift Energy report they will be laying off a total of 136 workers in Texas.
Norway Report Shows Net Jobs Creating Since 2013
Wednesday, January 18, 2017 Around 50,000 jobs have been lost in Norway's oil industry since 2013 as investments dry up amid a fall in crude prices.
Gazprom Chairman, Moldova President Discuss Gas Cooperation
Wednesday, January 18, 2017 Alexey Miller, chairman of the Gazprom management committee, and Igor Dodon, president of the republic of Moldova, discuss ongoing and future cooperation in the gas industry.

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Policy

Take Time Selling Canada to Trump, Departing Envoy Tells Trudeau
Monday, January 16, 2017 President Barack Obama's outgoing envoy to Canada has some guidance for Prime Minister Justin Trudeau in dealing with the new Trump administration: Don't assume anything.
Saudis See No Need to Extend OPEC Deal Beyond Six Months
Monday, January 16, 2017 OPEC probably won't need to extend a deal it reached with other crude producers to cut output, says Saudi Energy Minister Khalid Al-Falih.
Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale
Wednesday, January 11, 2017 Argentina clinches deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta shale formation in Patagonia, the government says.
Cuba, United States Sign Oil Spill Deal Before Trump Inauguration
Monday, January 09, 2017 Cuba and the United States agreed to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico.
US Senator McCain Says Has 'Concerns' About Tillerson Nomination
Thursday, December 29, 2016 US President-elect Donald Trump's choice for Secretary of State, Exxon CEO Rex Tillerson, will have to explain his relationship with Russian leader Vladimir Putin, says Republican senator John McCain.
The RZ Interview - Russia's Former Energy Boss: Dialogue Profits US, Russia
Wednesday, December 28, 2016 Igor Yusufov - Russian Energy Minister during Putin's first term - on oil production quotas, Russian caution and what retired ExxonMobil Chief Rex Tillerson can do for foreign relations.

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