FEATURED STORY
Callon Acquires Carrizo in $3.2B All-Stock Deal

Industry Headlines

America's Hottest Shale Play Is Waning
Tuesday, July 16, 2019 The engine of America's shale boom is beginning to sputter.

Pemex Aims to Reverse Oil Declines, Balance Budget
Tuesday, July 16, 2019 Mexico's Petroleos Mexicanos aims to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year.

Oil Companies Donate $16.5MM to Open Schools in Permian
Tuesday, July 16, 2019 A group of Permian Basin energy companies will donate $16.5 million to help open 14 schools in Midland and Odessa by 2025.

Oil Holds Losses as Storm Moves Inland
Tuesday, July 16, 2019 Oil held losses below $60 a barrel after the biggest decline in almost two weeks.

OPEC+ Cuts Must be Extended Through 2020
Tuesday, July 16, 2019 OPEC+ cuts will need to be extended through 2020 just to keep the market in balance, according to Jefferies.

Light Crude Settles Below $60
Monday, July 15, 2019 WTI and Brent crude oil prices edged downward Monday.

UK Wants Iran Tanker Guarantees
Monday, July 15, 2019 The U.K. will facilitate the release of the tanker if it receives guarantees that it will not be going to Syria, Foreign Secretary Jeremy Hunt says.


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Exploration

Turkey Vows to Keep Up Drilling Off Cyprus
Tuesday, July 16, 2019 Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean.

Odfjell Rig Returning to South Africa
Monday, July 15, 2019 Total has secured the Deepsea Stavanger for more Block 11B/12B drilling.

Offshore Australia Block Goes to Inpex
Friday, July 12, 2019 A unit of Inpex has won an exploration permit for Block AC/P66 in Australia's North West Shelf.

Aker BP Makes Oil Discovery Offshore Norway
Friday, July 12, 2019 Aker BP makes an oil discovery through the Liatarnet exploration well in license 442, which is located in the NOAKA area offshore Norway.

Oil, Gas Discoveries in 2019 See 35 Percent Increase
Thursday, July 11, 2019 In the first half of 2019 alone, the world has uncovered 6.7 billion barrels of oil equivalent with deepwater leading the way, according to energy research firm Rystad Energy.

Dominican Republic Kicks Off First-Ever Bid Round
Thursday, July 11, 2019 The Dominican Republic launched its first-ever licensing round with a roadshow in Houston.


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Production

Trestakk Comes Online
Tuesday, July 16, 2019 Equinor revealed Tuesday that production has now started from the Trestakk subsea field on Haltenbanken in the Norwegian Sea.

Barry Shuts in 69 Percent of GOM Oil Output
Monday, July 15, 2019 Approximately 69.08 percent of oil production in the Gulf of Mexico was shut in as of Monday due to Tropical Storm Barry.

Permian Shale Boom Slowing Down
Friday, July 12, 2019 The promise of the Permian is shrinking.

Oil Supply Exceeds Demand in 1H
Friday, July 12, 2019 Oil supply exceeded demand by 0.9 million barrels per day in the first half of 2019, according to the International Energy Agency.

Total Approves Dunga Phase 3 Launch
Friday, July 05, 2019 Total and its partners approve the launch of phase three of the development of the onshore Dunga field in the Mangystau region of western Kazakhstan.

Some BP Oil Won't See Light of Day
Wednesday, July 03, 2019 BP says some of its resources won't see the light of day.


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Finance and Investing

Apollo Weighing Investment in Sanchez Energy Debt
Monday, July 15, 2019 Apollo Global Management is weighing an investment in oil producer Sanchez Energy Corp.'s debt, according to people with knowledge of the matter.

Saudis Expand Reach of $28B Fund to Energy, Mining
Wednesday, July 10, 2019 Saudi Arabia expanded the mandate of its $28 billion industrial fund to allow the financing of energy, logistics and mining projects.

Aramco to Restart IPO Preparations
Tuesday, July 02, 2019 Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, according to people familiar with the matter.

Weatherford Starts Voluntary Chapter 11 Process
Tuesday, July 02, 2019 Weatherford International plc, Ltd and LLC have initiated financial restructuring.

Africa Leads in LNG Investments for 2019
Thursday, June 27, 2019 Africa leads investments for what will be a record year for LNG.

Egypt Becoming Weighty Player in Oil Derivatives
Thursday, June 27, 2019 Egypt is becoming a significant player in the global oil derivatives market.


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Company Operations

Callon Acquires Carrizo in $3.2B All-Stock Deal
Monday, July 15, 2019 U.S. independent Callon Petroleum Company will acquire Houston-based Carrizo Oil & Gas, Inc. in an all-stock transaction valued at $3.2 billion.

PGNiG Snaps Up Another North Sea Gas Field Stake
Monday, July 15, 2019 Polish Oil and Gas Company acquires a stake in another gas field in the North Sea.

Qatar Petroleum Awards North Field Contract
Thursday, July 11, 2019 The contract calls for FEED work for offshore wellhead platforms, pipelines and cables.

Petrogas NEO to Build on Total Aberdeen Presence
Thursday, July 11, 2019 No redundancies are expected as a result of Petrogas NEO UK's deal to acquire several UK assets from Total.

Murphy Oil Exits Malaysia
Wednesday, July 10, 2019 Murphy first announced its Malaysia exit plan in March.

Activists Taking Control of EQT Must Ease Wary Shale Investors
Wednesday, July 10, 2019 The activist shareholders seizing control of EQT Corp., the largest U.S. natural gas producer, have a lot to prove to shale investors burned by lousy earnings and busted budgets.


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