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Coast Guard Suspends Gulf of Mexico Search

Industry Headlines

Coast Guard Suspends Gulf of Mexico Search Share your comments
Wednesday, April 21, 2021The U.S. Coast Guard revealed this week that it has suspended its search for the remaining missing Seacor Power lift boat crewmembers.

Oil Prices Drop Amid Broader Selloff Share your comments
Tuesday, April 20, 2021Oil slumped the most in two weeks.

Duterte Only Confronting China at Sea if it Drills Share your comments
Tuesday, April 20, 2021Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.

USA Selling up to 9MM Barrels from Reserve Share your comments
Tuesday, April 20, 2021The U.S. Department of Energy intends to sell up to nine million barrels of crude oil from the Strategic Petroleum Reserve.

The Day Oil Went Subzero Share your comments
Tuesday, April 20, 2021Rystad Energy's head of oil markets offers a few thoughts for the anniversary of the day oil prices turned negative.

Oil Marks Crash Anniversary with Rally Share your comments
Tuesday, April 20, 2021Oil surged above $64 a barrel a year to the day after futures for the U.S. benchmark collapsed below zero.

Oil Prices Edge Upward As Greenback Weakens Share your comments
Monday, April 19, 2021Oil edged higher with help from a weakening dollar.

$100B+ in Stranded Gas Assets at Risk Share your comments
Monday, April 19, 2021Is natural gas the new coal?


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Exploration

Maersk Drilling Enters Market with New Customer Share your comments
Tuesday, April 20, 2021The Maersk Developer semisub will perform well intervention on four wells. PHOTO SOURCE: Maersk Drilling

Eni Awarded Onshore UAE Block Share your comments
Tuesday, April 20, 2021Eni S.p.A (NYSE: E), through its subsidiary Eni RAK, has been awarded Block 7 in the onshore of Ras Al Khaimah, United Arab Emirates.

Awilco Signs Rig Contract for North Sea Well Share your comments
Tuesday, April 20, 2021The semisub will drill a single exploration well.

Temp Housing Player Weathering USA Gulf of Mexico Moratorium Share your comments
Monday, April 19, 2021Exec with temporary housing firm offers insights on potential impact of long-term offshore oil and gas leasing ban.

Offshore Gabon Contract Goes to Maersk Drilling Share your comments
Monday, April 19, 2021PCGUSA has awarded Maersk Drilling an ultra-deepwater exploration contract in Gabon. PHOTO SOURCE: Maersk Drilling

Rig and Frac Spread Counts Near Benchmarks Share your comments
Monday, April 19, 2021Check out this preview of what to watch this week in the oil market.

Baker Hughes Counts More USA Oil Rigs Share your comments
Saturday, April 17, 2021Baker Hughes reported the total number of rotary drilling rigs operating in the United States grew by seven this week.


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Production

Oil Trader Sees Crude in $70 to $75 Range Share your comments
Tuesday, April 20, 2021The CEO of the world's biggest independent oil trader expects crude demand to come roaring back this year and next.

BP Sets Onshore Flaring Deadline Share your comments
Tuesday, April 20, 2021BP's Grand Slam facility near Orla, Texas. PHOTO SOURCE: BP America

Gas Driller Calls for Federal Methane Leak Curbs Share your comments
Friday, April 16, 2021EQT Corp. is calling for stricter caps on methane leaks from natural gas wells.

A New Use for Orphaned Oil and Gas Wells? Share your comments
Friday, April 16, 2021It's an alternative to P&A for some idle wells that could still create work for oil and gas pros.

Newfoundland Crude Taking Rare Voyages Share your comments
Thursday, April 15, 2021It's an unexpected move prompted by the staggered global demand recovery.

Satellites to Track Emissions at Facility Level Share your comments
Thursday, April 15, 2021One non-profit plans to make high-emitting methane and CO2 sources publicly visible at the facility level.


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Finance and Investing

Petrofac Agrees $700MM Facility Extensions Share your comments
Thursday, April 08, 2021Petrofac announced Wednesday that it has extended $700 million of its banking facilities, at its request, with the unanimous support of lenders.

Shell to Make First Oil Output Profit Since Pandemic Share your comments
Wednesday, April 07, 2021Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.

BP Reaches Debt Goal Early Share your comments
Tuesday, April 06, 2021BP Plc said it already achieved its $35 billion net-debt target, reaching the threshold at which it has said it can restart share buybacks about a year earlier than expected.

Aramco Up as Saudis Prioritize Spend Over Dividend Share your comments
Wednesday, March 31, 2021Saudi Aramco rose the most in 10 months in Riyadh trading after the government allowed it to cut dividends and redirect the cash into new investments to fulfill the crown prince's economic plans.

California Driller Reaped Gains from Texas Freeze Share your comments
Friday, March 19, 2021California's largest oil producer emerged as the latest financial winner from last month's historic Texas freeze that left millions without heat or electricity for days.

McDermott Invests in Lummus Technology Share your comments
Wednesday, March 10, 2021McDermott International Ltd has announced that it has invested in Lummus Technology Holdings I LLC, which is a holding company of Lummus Technology.


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Company Operations

New Petrobras CEO Takes Office Share your comments
Wednesday, April 21, 2021Joaquim Silva e Luna has begun his mandate as Petrobras' chief executive officer.

Enteq Upstream Names New CEO Share your comments
Wednesday, April 21, 2021Andrew Law, above, will succeed Enteq Upstream founder Martin Perry as CEO.

New CCO at Maersk Supply Service Share your comments
Monday, April 19, 2021Maersk Supply Service revealed Monday that, from May 1, Jonas Munch Agerskov, the company's current head of renewables, will take over the role of chief commercial officer.

Trafigura Launching Carbon Trading Desk Share your comments
Sunday, April 18, 2021Trafigura Group Pte Ltd has revealed that it is launching a carbon trading desk.

Woodside CEO Retiring in June Share your comments
Friday, April 16, 2021Woodside has revealed that its board and chief executive officer, Peter Coleman, have agreed that Coleman will retire from the company on June 3.

Offshore Group Board Elects Duncan and Danos for Top Roles Share your comments
Thursday, April 15, 2021NOIA's board has elected its chairman and vice chairman for 2021-22.

Shell Urges Shareholders to Reject Activist Climate Plan Share your comments
Thursday, April 15, 2021The company called the climate resolution filed by a Dutch activist investor "redundant."

Ex-BP Chief Exec Joins Equity Firm Share your comments
Thursday, April 15, 2021General Atlantic has announced that Lord John Browne of Madingley has joined the firm as a senior advisor, based in London.


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