FEATURED STORY
Anadarko Deal Would Put Occidental Next to Conoco

Industry Headlines

Oil Ends Week with a Slump
Friday, April 26, 2019 Oil fell, paring an eighth weekly advance, even as supplies stopped flowing through a major Russian pipeline to Europe.

Anadarko First of Many Major Buys in 2019
Friday, April 26, 2019 With increased and proven demand of West Texas shale, Anadarko will likely be the first of many major acquisitions this year.

Why Oil, Gas Companies Will Invest in Mobile in 2019
Friday, April 26, 2019 Oil and gas producers without mobility won't get very far in 2019.

Upstream Project Sponsors Can Write Off the 'One-Off' CapEx Mentality
Friday, April 26, 2019 BCG's Matt Parsons observes how oil and gas companies are more proactively mitigating problem behaviors in capital projects.

Frequent Skill Assessments A Must for Oil, Gas
Thursday, April 25, 2019 Oil and gas companies looking to strengthen their workforce need to assess current skill levels and plan for the future in order to drive newer technologies forward.

How Rising Oil Prices Can Be a Mixed Blessing
Thursday, April 25, 2019 Higher oil prices can actually harm energy firms' CapEx programs, study concludes.


READ MORE

Exploration

Shell Hits Oil Pay in Gulf of Mexico
Wednesday, April 24, 2019 Shell stated that Blacktip appraisal planning is underway.

Eni Inks Offshore Deal With RAK Gas
Monday, April 22, 2019 The deal marks a further push by the Italian company into the Middle East.

Exxon Makes 13th Oil Discovery Offshore Guyana
Friday, April 19, 2019 ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

Permian Drilling Record Reported
Thursday, April 18, 2019 A unit of Surge Energy US Holdings Co. has reportedly drilled a record-setting lateral in the Permian Basin.

Exxon, Qatar Petroleum Win Three Blocks Offshore Argentina
Wednesday, April 17, 2019 ExxonMobil Argentina Offshore Investments B.V. and a Qatar Petroleum affiliate snagged three exploration blocks offshore Argentina.

Talos Sets Offshore Mexico Record
Tuesday, April 16, 2019 Talos reported a record-setting offshore Mexico core sample.


READ MORE

Production

Venezuela Oil Output at Lowest Level Since Jan 03
Thursday, April 25, 2019 Venezuela's crude oil production is falling, according to the EIA.

US Shale Gas Swamps Market
Wednesday, April 17, 2019 Natural gas futures tumbled to the lowest in almost three years.

Venezuela Oil Output Is Said to Drop by Half
Friday, April 05, 2019 Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country's crude production by half, according to people familiar with the situation.

Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019 The kingdom, whose capital Manama appears above, is pursuing another oil and gas industry first.

Lundin to Go Ahead with Rolvsnes EWT
Thursday, April 04, 2019 Lundin Norway agrees to proceed with an extended well test on the Rolvsnes weathered and fractured basement discovery on the Utsira High.

Aramco Reveals Steep Output Dip at Super-Giant Oil Field
Wednesday, April 03, 2019 Now the market finally knows: Ghawar in Saudi Arabia, the world's largest conventional oil field, can produce a lot less than almost anyone believed.


READ MORE

Finance and Investing

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.

Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019 Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.


READ MORE

Company Operations

Total Cash Flow Up
Friday, April 26, 2019 Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices.

ExxonMobil Commits $5.7MM to Fight Malaria
Friday, April 26, 2019 ExxonMobil is committing $5.7 million in support for local and global organizations working to eliminate malaria around the world.

KCA Deutag Wins North Sea Contract Extension
Wednesday, April 24, 2019 The Scott platform. SOURCE: KCA Deutag

Murphy Uses 'War Chest' to Sharpen Deepwater GOM Focus
Wednesday, April 24, 2019 A month after unveiling plans to divest assets in Malaysia, Murphy Oil Co. is sharpening its focus on the deepwater Gulf of Mexico.

Anadarko Tweaked CEO's Potential Payout Before Chevron Deal
Tuesday, April 23, 2019 Anadarko updated terms determining severance payments for senior execs the day before Chevron's $33B buyout offer was announced.

Transocean Semisub Uses Battery-Powered Thrusters
Tuesday, April 23, 2019 Tech designed to save fuel and reduce environmental impact.


READ MORE