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Exxon and Sabic Hit Milestone for Texas Project

Industry Headlines

NECCUS Appoints Renewables Heavyweight as CEO Share your comments
Wednesday, July 28, 2021NECCUS, which counts several oil and gas companies as partners, has announced that it has appointed a renewables sector 'heavyweight' as its new chief executive.

Oil Up as Report Points to Shrinking USA Stockpiles Share your comments
Wednesday, July 28, 2021Oil resumed gains after an industry report pointed to a decline in U.S. fuel and crude stockpiles, adding to signs of a tightening market.

Is Petroleum Engineering Training Keeping Up with the Times? Share your comments
Wednesday, July 28, 2021While the oil and gas industry is in the midst of an energy transition, so too are various related university disciplines.

BSEE Invites Public Comment on Decom Study Share your comments
Tuesday, July 27, 2021The BSEE has invited the public to comment on a proposal to conduct a PEIS for decommissioning oil and gas platforms and other facilities on the POCS.

Oil Steady as Virus Casts Demand Shadow Share your comments
Tuesday, July 27, 2021Oil steadied as investors assessed the outlook for global demand amid a resurgence in Covid-19 that's leading to tighter restrictions.

OGA Fines BP Share your comments
Tuesday, July 27, 2021The UK Oil and Gas Authority has announced that it has fined BP plc and served the company a sanction notice.


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Exploration

Shell Wins Stake in Sarawak Block Share your comments
Wednesday, July 28, 2021Petronas has awarded Block SK437 offshore Sarawak, Malaysia, to Petronas Carigali Sdn Bhd, Sarawak Shell Berhad, and Petroleum Sarawak Exploration and Production Sdn Bhd.

Active Well Servicing Metric Keeps Growing Share your comments
Tuesday, July 27, 2021The Energy Workforce & Technology Council has observed a gain in the North American well servicing rig count.

Oil Giants Hunt for Last Big Hit Along Brazil Coast Share your comments
Monday, July 26, 2021If an energy transition is underway around the world, it hasn't reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro's oil revival.

Seismic Cos Secure Survey Pre-Funding Share your comments
Monday, July 26, 2021TGS, PGS (OSE: PGS), and WesternGeco have secured pre-funding for a 2,471 square mile multi-client 3D survey in the Sarawak basin, offshore Malaysia.

Baker Hughes USA Rig Count Gets Closer to 500 Share your comments
Saturday, July 24, 2021The USA rig count rose again this week.

Borr Drilling Wins More Mexico Work Share your comments
Friday, July 23, 2021Borr has secured a letter of award for a jack-up rig for additional work in Mexico.

Baker Hughes Sees Slower Drilling Growth Share your comments
Wednesday, July 21, 2021Shale drilling in North America is going to slow down in the second half of the year, according to Baker Hughes Inc.


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Production

SBM Offshore Signs 26 Year FPSO Deal with Petrobras Share your comments
Wednesday, July 28, 2021SBM Offshore has announced that it has signed contracts with Petroleo Brasileiro S.A. for the 26.25 year lease and operation of the FPSO Almirante Tamandare.

TotalEnergies Project Topsides Sail Away Share your comments
Tuesday, July 27, 2021Sembcorp Marine Ltd has completed the fabrication of two wellhead topsides, one riser topside, and two bridges for deployment to TotalEnergies' redeveloped Tyra Field. PHOTO CREDIT: Sembcorp Marine.

Shell and Chevron Sanction GOM Deepwater Project Share your comments
Monday, July 26, 2021The development will feature a 99% replicated hull and 80% replication of the Vito topsides.

Santos Sees Record at Van Gogh Asset Share your comments
Monday, July 26, 2021Australian energy company Santos has announced first oil from the Van Gogh Phase 2 Infill Development.

Natural Gas Supply Concerns Mount Share your comments
Thursday, July 22, 2021Natural gas futures closed at a 31-month high.

Venezuela Aims to Nearly Triple Oil Output This Year Share your comments
Thursday, July 22, 2021PDVSA has imported a key component needed to achieve its goal of almost tripling crude production, defying United States sanctions.


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Finance and Investing

Aramco to Sell More Assets in $Multibillion Push Share your comments
Friday, July 09, 2021The world's largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.

Shale Rushes to Lock In Oil Rally Share your comments
Wednesday, July 07, 2021As soon as OPEC+ negotiations fell apart on Monday U.S. shale executives began hitting the phones.

Qatar Petroleum Raises $12B+ in Bond Offering Share your comments
Monday, July 05, 2021Qatar Petroleum has announced that it has raised $12.5 billion in a multi-tranche bond offering.

USA Shale Finally Making Money After Blowing $300B Share your comments
Thursday, June 17, 2021After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot.

Oil Stocks Hold Strong Amid Climate Uproar Share your comments
Thursday, May 27, 2021Energy-stock investors are clinging to their holdings, buoyed by rising commodity prices and profits, as the companies face historic pressure to confront climate change.

SLB-Backed Arabian Drilling Planning Saudi IPO Share your comments
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.


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Company Operations

Proserv Bags Deal for 22 Wellhead Control Panels Share your comments
Wednesday, July 28, 2021Proserv Controls has announced that it has secured a 'significant' contract to manufacture and deliver 22 wellhead control panels to Basra Oil Company.

BTC Miner Crusoe Energy Seeks Loan for Expansion Share your comments
Tuesday, July 27, 2021Data center company Crusoe Energy Systems Inc. is sounding out investor interest in a potential debt deal that would help grow the firm's Bitcoin mining business, according to people with knowledge of the mater.

Lime Rock Buys Texas Assets for $500MM+ Share your comments
Tuesday, July 27, 2021Lime Rock Resources has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller.

Eni Expands Renewable Projects Share your comments
Monday, July 26, 2021Eni (NYSE: E), through Eni gas e luce, has signed a deal with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain.

TotalEnergies Signs Deal with Technip Energies Share your comments
Monday, July 26, 2021TotalEnergies (NYSE: TTE) and Technip Energies (PARIS: TE) have announced that they have signed a deal to jointly develop low carbon solutions for LNG production and offshore facilities.

Whiting Boosts Williston Basin Drilling Inventory Share your comments
Thursday, July 22, 2021The Williston Basin deal spans 8,752 net acres.


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