FEATURED STORY
Shale Oil Production Bouncing Back With Prices

Industry Headlines

Hurricane Concerns Hit US Gulf as Tropical Storm Strengthens Share your comments
Tuesday, June 02, 2020Jim Rouiller, lead meteorologist with Energy Weather Group LLC, says everyone in the energy production area needs to be aware of this one.

Oil's Comeback Uplifts US Shale, Complicates OPEC+ Task Share your comments
Tuesday, June 02, 2020Futures settled at their highest since March 6 on Tuesday.

Putin and Trump Discuss OPEC+ Deal Share your comments
Tuesday, June 02, 2020Vladimir Putin and Donald Trump discussed the OPEC+ deal just days before the producers' alliance meets to discuss the future of its output cuts.

Oil Up With OPEC+ Production Cut Decision in Focus Share your comments
Tuesday, June 02, 2020Oil edged higher as the market waited to see if OPEC and its allies will extend record production curbs.

Oil Rally Fizzles Share your comments
Monday, June 01, 2020Oil futures settled slightly lower in New York on Monday amid mixed signals from OPEC and its confederates about the timing of their next discussions.

Pump Price Uptick Poised to Continue Share your comments
Monday, June 01, 2020Rigzone panelists offer their recommendations on what to watch in the oil market this week.

Oil Demand Expected to Fall 11.5 Percent Share your comments
Monday, June 01, 2020Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy's latest demand forecast.

Oil Steady as Demand Risks and OPEC+ Signs Weighed Share your comments
Monday, June 01, 2020Oil steadied after a fifth weekly gain as investors weighed the demand threats from unrest in the U.S. and deteriorating relations between Washington and Beijing against signs that OPEC+ may extend supply cuts.


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Exploration

Melbana Energy Gets Extension on Beehive Prospect Share your comments
Monday, June 01, 2020The company will use the extra time to pursue drilling partners.

Study Shows New Offshore Canada Oil Presence Share your comments
Friday, May 29, 2020A detailed evaluation of the Southern Grand Banks petroleum system offshore Atlantic Canada has identified a new oil presence, Applied Petroleum Technology reported.

NOCs to Slash Exploration Budgets by Over a Quarter Share your comments
Thursday, May 21, 2020National oil companies around the world will slash their exploration budgets by over a quarter on average in 2020, Wood Mackenzie estimates.

PGS to Acquire 3 New Surveys in Eastern Canada Share your comments
Thursday, May 21, 2020PGS has revealed that it will acquire three new seismic surveys in Eastern Canada this year.

Permian Rig Count Losses Stay in Double Digits Share your comments
Monday, May 18, 2020Year on year, the US rig count is down 648 rigs from last year's 987.

Shearwater Bags North Sea Seismic Deal with Apache Share your comments
Monday, May 18, 2020Shearwater GeoServices revealed Monday that Apache Corporation has awarded the company a 4D seismic survey with 3D extension over the Forties Field in the UK North Sea.


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Production

Shale Oil Production Bouncing Back With Prices Share your comments
Tuesday, June 02, 2020Early signs of a shale rebound are becoming evident as crude prices recover.

OPEC+ to Discuss Production Cut Extension Share your comments
Monday, June 01, 2020OPEC+ is set to discuss a short extension of its current output cuts, according to a delegate.

Saudi Oil Volumes to China Continue Despite Output Cuts Share your comments
Friday, May 29, 2020Historic production cuts have done little to squelch the kingdom's flood of oil to China.

Study Finds GOM Offshore Industry at Risk Share your comments
Thursday, May 28, 2020Potential leasing and drilling bans threaten the GOM oil and gas industry, NOIA-commissioned study finds.

Oil CEO Says US Shale Rebound Is At Least a Year Away Share your comments
Wednesday, May 27, 2020US shale drillers may still take at least a year before moving rigs back into the field.

GWA JV Gets Lincoln Extension from OGA Share your comments
Wednesday, May 27, 2020The UK Oil & Gas Authority has extended the deadline for the commencement of the GWA joint venture's commitment well on the Lincoln subarea of license P1368 to June 30, 2022.

Texas Oil Production Drops Share your comments
Wednesday, May 27, 2020Crude oil production in Texas dropped year on year in March, according to the Railroad Commission of Texas' latest figures.


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Finance and Investing

Unit Corp. Reorganizing Through Bankruptcy Share your comments
Wednesday, May 27, 2020The move should reduce the company's debt obligations by more than $650 million.

BW Offshore Records $233MM Impairment for 1Q Share your comments
Wednesday, May 27, 2020The impairment reflects uncertainty on FPSO redeployment in the current market turmoil.

Shale Faces Multibillion-Dollar Hedging Crunch Share your comments
Thursday, May 21, 2020U.S. shale drillers spooked by the epic meltdown in oil markets are trying to figure out how to protect themselves in the future.

Gavilan is Latest Shale Player Pursuing Bankruptcy Share your comments
Tuesday, May 19, 2020The Eagle Ford firm pointed to market turmoil and ongoing squabbles with Sanchez Energy as filing factors.

Why Some Asian NOCs are Sticking to Spending Plans Share your comments
Monday, May 18, 2020Some Asian national oil companies are sticking to their spending plans despite the falls in price and demand.

Petrobras Books Hefty 1Q Impairment on Oil, Gas Assets Share your comments
Monday, May 18, 2020The company wrote off the entire value of its shallow-water assets.


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Company Operations

Halliburton Launches Wireless Depth Correlation System Share your comments
Tuesday, June 02, 2020Operators can measure depth in real time while tracking changes in position to improve efficiency.

Petrobras Moves Forward with Camamu Stake Sale Share your comments
Tuesday, June 02, 2020The sale is in line with the company's strategy of optimizing its portfolio and increasing the focus in deep and ultra-deep waters.

Five-Well North Sea Contract Goes to Petrofac Share your comments
Tuesday, June 02, 2020Petrofac will support IOG's Core Project development of three fields in the U.K. Southern North Sea.

Seadrill to Delist from NYSE Share your comments
Tuesday, June 02, 2020Seadrill Limited has revealed that it will delist from the New York Stock Exchange.

Aker Solutions CFO Quits Share your comments
Tuesday, June 02, 2020Aker Solutions announced Tuesday that its chief financial officer Ole Martin Grimsrud has given notice that he will leave the company on September 1.

Mermaid Deputy CEO Resigns Share your comments
Monday, June 01, 2020Mermaid Maritime Public Company Limited has revealed that its deputy chief executive officer, Philippe Grasset, has resigned.


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