Shale Deal Must Navigate Potential Conflict
Wednesday October 21, 2020 - The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.
Oil Down After Report Points to Stockpile Gain
Wednesday, October 21, 2020Oil dropped toward $41 a barrel in New York after an industry report pointed to a surprise increase in American crude stockpiles.
Shale Deal Must Navigate Potential Conflict
Wednesday, October 21, 2020The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.
Oil Prices Settle Higher on Stimulus Expectations
Tuesday, October 20, 2020Oil surged to a seven-week high in New York.
Exxon Confirms Trump Call Never Happened
Tuesday, October 20, 2020Exxon Mobil Corp. posted on Twitter late Monday to clarify that it never spoke with U.S. President Donald Trump about a contribution to his campaign.
Oil Traders Struggle to Make up Minds
Tuesday, October 20, 2020Tuesday found oil traders struggling to make up their minds on how to interpret the result of the previous day's OPEC+ meeting.
ConocoPhillips-Concho Deal Reaction
Tuesday, October 20, 2020Wood Mackenzie has described the $9.7 billion deal as 'remarkable'.
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Stena to Drill Offshore Canada Well for CNOOC
Tuesday, October 20, 2020CNOOC International Petroleum North America ULC has contracted a Stena Drillling drillship for a one-well campaign offshore Atlantic Canada.
Baker Hughes Shows Another 13 US Rigs
Saturday, October 17, 2020The total number of rotary drilling rigs operating in the United States rose by 13 this week, Baker Hughes reported Friday.
Philippines Lifts South China Sea Moratorium
Friday, October 16, 2020The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea.
Weatherford Claims Record GOM Sidetrack
Friday, October 16, 2020Weatherford this week reported a pioneering ultra-deepwater exit in a heavy wall casing. PHOTO SOURCE: Weatherford International plc
BOEM Offers 78MM Acres in GOM Lease Sale
Friday, October 16, 2020The Bureau of Ocean Energy Management has announced that it will offer approximately 78 million acres in a Gulf of Mexico lease sale scheduled for November 18.
GOM Walker Ridge Seismic Program Starts
Friday, October 16, 2020CGG CEO Sophie Zurquiyah, above, said two priority discovery areas will be processed on an accelerated schedule. PHOTO SOURCE: CGG
Can Libya Sustain Its Oil Comeback?
Wednesday, October 21, 2020After years of setbacks and false starts, Libya is back in the oil game.
Official Says Russia to Wait on OPEC+ Decision
Tuesday, October 20, 2020Russia won't be making any decisions about the future of OPEC+'s production cuts before next month's meeting.
Fluor Unit Wins Peru Pipeline Contract
Wednesday, October 21, 2020Fluor's Stork subsidiary will provide pipeline maintenance services under a consortium. PHOTO SOURCE: BusinessWire
Talos Achieves First Oil in Green Canyon Field
Tuesday, October 20, 2020The Bulleit field in the Green Canyon area of the Gulf of Mexico produced first oil last week.
Could Gas Be the New Coal Under Biden?
Monday, October 19, 2020Biden contends he would not ban hydraulic fracturing, but his energy plan aims to edge natural gas out of the power mix.
OPEC+ Kingpins Try to Sell Obedience
Monday, October 19, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
Transocean Receives NYSE Notice
Monday, October 19, 2020Transocean (NYSE: RIG) has received a formal notice from the New York Stock Exchange of non-compliance with NYSE continued listing standards.
NES Global Talent Reports Strong 2019 Results
Tuesday, October 06, 2020NES Global Talent, which recently combined with the Fircroft Group, revealed that it achieved 'record results' for the year ending October 31, 2019, back when it was a single entity.
BP Hits 25-Year Low
Friday, September 25, 2020Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.
Anadarko Basin Player Files Chapter 11
Monday, August 17, 2020Chaparral Energy Inc has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in accordance with a restructuring support agreement it has made.
Profit Warnings Soar for UK Oil Cos
Friday, August 07, 2020UK listed oil and gas companies issued more profit warnings in the second quarter of this year than the whole of 2019.
BP Cuts Dividend for First Time Since 2010
Tuesday, August 04, 2020BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.
CGG Delivers Geothermal Study to Energy Major
Wednesday, October 21, 2020CGG announced Tuesday that its Geothermal Science group has delivered a global geothermal resource study to a major energy company.
OGCI Reports Significant Progress
Wednesday, October 21, 2020The Oil and Gas Climate Initiative has reported 'significant progress' on its aggregate upstream methane and carbon intensity targets.
MPA Appoints New Chairman and Vice Chairman
Wednesday, October 21, 2020The Montrose Port Authority has appointed two new board members, a new chairman and a new vice-chairman.
Tullow Gets Green Light for $575MM Total Deal
Wednesday, October 21, 2020Tullow Oil (OTCMKTS: TUWOY) has received government approvals for the $575 million sale of its Uganda assets to Total (NYSE: TOT).
Pioneer to Acquire Parsley in $4.5B Deal
Tuesday, October 20, 2020It's the latest in a flurry of US shale sector mergers.
Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.